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Audi A3 Lease Questions

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  • Hi Carman,

    I've got an '08 A3 2.0T with a lease that expires in mid-November. I've just spotted a 2010 A3 TDI Premium Plus with the convenience package, cold weather package, and Bose for $31543. Could you tell me the current residual rate and money factor for A3 TDIs for 3yr/36K leases? Is Audi running any customer loyalty program right now? Does Audi ever buy you out of an existing lease to get you into a new one, or should I expect to pay several month's worth of duplicate payments? Thanks for the help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'd be happy to help you out, westoftown. According to the latest information that I have seen, Audi Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 A3 TDI Premium Plus with 12,000 miles per year are .00174 and 51%, respectively. That residual value is definitely right, but the money factor might be old and off slightly.

    Audi is currently running a loyalty program on the 2010 A3. It is providing $1,000 on purchases and $500 on leases to current owners and lessees of its vehicles.

    A number of manufacturers run official early lease termination programs from time to time. While it's possible that Audi has such a program right now, I have not heard anything about it if it does. Chances are that you will be better off waiting until the scheduled end of your lease to get something new.

    Car_man
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  • nebatuganebatuga Posts: 9
    I'm really curious about how Audi handles early lease termination when you pick up a new Audi lease. I'm about half way into an A3 lease through AFS. When I had the car in to the dealer for service, I was browsing the showroom. A sales person came up and told me that it's no problem to turn in a car early, as long as you sign a lease on another Audi. He made it sound as if there were no penalties. They simply evaluate the market value of your current car, do some calculations, and voila!-- "here's what we can do on a new lease." He also said the "sweet spot" for market valuation of your current car is likely around the two year old point. I didn't get the specifics from him, nor am I able to find any information about how this process works. Anybody know?
  • jayriderjayrider Posts: 3,202
    Check your lease for the residual. Then add up all your payments as if you put zero down. Check trade in values for your model and see if there is any equity. I doubt there is so you will be charged for the lease buyout. Have them run the numbers and don't forget you will lose the sales tax on the current a3 and be recharged for tax on the new one. Unless you are having problems with your current a3-- why even consider a swap unless you can save on the payments big time.
  • nebatuganebatuga Posts: 9
    Thanks.

    How do you figure "equity," provided the three figures you reference in your post?

    No problems with my A3. Really nice car. I like it just fine, but I haven't loved it (as I did previously leased A4s). I wouldn't have even considered trading, but the sales associate made it sound pretty easy. I figured if it's not too costly, I'd look into it. Obviously, I know that paying for the remaining payments (all 21 of them!) is too costly. But if there's no penalty for moving from one Audi lease to another, and you can roll into a new lease (or pay cash up front) a modest difference between whatever two values they use to determine a deal, then it might be worth considering. My suspicion is that it would be a pretty costly move, or more folks would do it.
  • jayriderjayrider Posts: 3,202
    edited July 2010
    With 21 payments left, you will be penalized. To figure equity look at the residual value and add what you owe in payments. Then compare with the trade in values on various sites. If the trade in price is more than what you owe, you have some equity. I don't think the dealer is that hot for your A3 but you never know. Would wait until just a few months are left -- then test the waters.
  • caswil55caswil55 Posts: 1
    edited July 2010
    Hello,
    I am looking into buying a 2011 Audi A3 Quattro, with cold weather package and bluetooth in Colorado. I don't know if I am getting a good deal or not!

    Price of Car: $33, 625 (same as invoice- but I haven't even seen the invoice, as the car is currently being shipped from Germany)
    Monthly payment including 4.75% tax: $492 (15 k miles on 36 month lease)
    Money factor: 0.00129
    Residual: 57% 19,166

    These were not included in the lease payment:
    Acquisition fee: $625
    Dealer fee: $399
    Audi care: $790

    They seem very reluctant to go down on the price- I think they will drop it to $33,000 because they were trying to charge for some fancy tires that I didn't want.
    I don't know if they are reluctant because they don't import too many basic A3's or because this car is a new 2011, or because I am a woman!
    I have excellent credit, so maybe I could bargain them down on the money factor, the residual value, or overall cost?!? Or should I just accept it and take it as is?
  • jayriderjayrider Posts: 3,202
    What was the msrp ? The money factor and rv are set. You can negotiate the price of the car but if they are selling at invoice then that isn't bad. If you only need 12k miles per year the rv should improve by 2% to 59. The dealer fee seems high so I would ask for the Audicare to be included free to seal the deal.. Then sit on it awhile. Say you have other rides to evaluate. You could always offer to meet halfway on the $790 if you haven't found something else. A3's aren't the best leases but this one doesn't seem too bad -- 492 including taxes with 1800 down + first payment. You could save a bit by going with fwd. The awd system on the A3 is fwd biased anyway so it stays there except in hard acceleration. You will do fine in winter with fwd. Something to consider.
  • Hi Car_Man,

    Do you happen to know the current residual value and money factor for 2011 TDI Premium and Premium Plus?

    I'm also looking at a gently used 2010 TDI Premium w/ roughly 10K miles on it. Any idea why this car would be priced $500 over invoice for a brand new 2011, when it's a used 2010? Seems crazy.

    Thanks much!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I certainly do, westoftown. Audi Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 A3 TDI Premium with 15,000 miles per year are .00179 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of an '11 A3 TDI Premium Plus are .00179 and 54%.

    The used A3 that you're interested in sounds as though it is way too expensive. I generally find that people who try to sell low mileage used vehicles underestimate the significant depreciation that new vehicles experience the moment that they are driven off the lot. I wouldn't bother purchasing a used A3 unless it was significantly less expensive than a similar brand new one.

    Car_man
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  • plmguyplmguy Posts: 1
    edited September 2010
    I am in Southern California and spent the better part of today negotiating a lease deal with a dealership in Texas. Car is an A3 TDI Premium Plus. Finally passed off to finance and he has different numbers than I have seen. For a 2011 TDI Premium Plus, I am used to seeing .00179 MF and 51% MF. But, he is sayin 53% Residual (I'll take it) but a MF of .00249. When I said whoooa! to the MF his claim is taht every region is different, and that is why TX can be different than CA. I did confirm that finance is going through Audi. Also, he stated that rates will change tomorrow. Any truth to differeng MF's by State or Region? Also, can anyone post the new numbers that may be out tomorrow (September 7)? Thanks.
  • Hi plmguy. I don't believe that Audi Financial Services' lease program varies by region.

    AFS' new September buy rate lease money factor and residual for a 36 month lease of a 2011 A3 TDI Premium Plus with 15,000 miles per year are .00171 and 54%, respectively.

    Car_man
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  • Hi Car_man,

    Do you have the money factor and residual values for a 36mo/15K mile lease for the 2011 A3 TFSI automatic transmission for both the Premium and Premium Plus models?
  • I sure do, cappla. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 Audi A3 Premium FWD with 15,000 miles per year are .00035 and 55%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of an '11 A3 Premium Plus FWD are .00035 and 51%.

    Car_man
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  • what is the MF and residual on the 2010 and 2011 a3 2.0t quattro premium plus?

    15k 36mths

    thanks!
  • Hello mwahlert. Audi Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 A3 2.0T Premium Plus with quattro and 15,000 miles per year are .00090 and 52%, respectively.

    I don't believe that Audi is leasing 2010 A3s any longer. If you really want one, you can either finance it at 1.9T for 5 years or take advantage of $1,500 dealer cash.

    Car_man
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  • We have asked a local dealer (Oregon) to prepare a lease offer for an A3 premium plus TDI. Below are the brand new rates from Audi website for the gas model. Since we haven't received info from the dealer yet, might you have access to the TDI rates?

    Also, would appreciate advice on how the steps for negotiating a lease. We are looking for a 12K limit, approx. $3000 down. Thank you.

    ******
    2011 A3 2.0T FWD Premium
    Security Deposit $0
    1st Month Payment $0
    Acquisition Fee $695
    Down Payment $299
    TOTAL DUE AT SIGNING* $994 (Excludes taxes, title, other options and dealer fees)

    *42 month closed-end lease offered to qualified customers by Audi Financial Services (AFS) through participating dealers. Must take delivery by January 4, 2011. Rate based on MSRP $32,725 of 2011 Audi A3 2.0T FWD Premium Plus equipped with automatic S-tronic transmission, Open Sky systemOpen Sky SystemThe dual-pane Open Sky roof system features a power front pane that opens back to the fixed rear glass, offering a panoramic view for driver and both front and back passengers in the A3.Open Sky System and destination charge. Purchase option at lease end for $16,363.

    Advertised lease offers require dealer contribution; final negotiated price may vary by dealer. Lessee responsible for insurance, maintenance and repairs and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end. See dealer for details.
  • Hi coldrainnsnow. Audi Financial Services' November buy rate lease money factor for the 2011 A3 TDI is .00162.

    The easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Car_man
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  • agordon212agordon212 Posts: 1
    edited November 2010
    Can you tell me the money factor and residual for an 2011, A3 4dr HB S tronic 2.0 TDI FrontTrak Premium Plus with Navi for a 42 month lease?

    Is there a difference if I skip the diesel, and get a 2011 A3 4dr HB S tronic 2.0T FrontTrak Premium Plus with Navi for a 42 month lease?

    Thank you very much!
  • I am currently going to lease a 2011 Audi A3 premium plus for 36 months with 15k miles per year.

    With a selling price of the car being $33,500 how much money should I be looking to pay for total due at signing? Any help is much appreciated.

    Thanks,
    Robert
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