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Audi A3 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome churwitz. Congratulations on your new A4. Thanks for taking the time to share the details of your lease with everyone. Enjoy your new ride!

    Car_man
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  • htram516htram516 Posts: 10
    edited May 2011
    churwitz, would you mind telling where you got this deal at? I'm basically looking for the exact same thing.

    What was the sale price on the vehicle?
  • htram516htram516 Posts: 10
    I was quoted this price from a local deal here in southern california:

    Audi A3 Premium Plus with Open Sky Roof & Wheel Locks:

    MSRP: $32,805
    Sale Price: $29,700
    Terms: 15k miles / 39 months
    Drive off: $863.11
    Acquisition Fee: $695.00
    Document Fee: $45
    DMV Fee: $439.75
    Residual: 47%
    MF: .00009

    Monthly: $389.30 + tax = $423.36

    1. Is this a good deal?

    2. Does the power of money calculation come into effect for these types of leases?

    ((Mo. Payment*Months)+Out-of-pocket down payment)/MSRP=Power of Money Calculation

    With that calculation I would be at: 0.52 which is really high!

    Thanks
  • b2thevb2thev Posts: 1
    edited May 2011
    Hi Car_Man,

    I put a deposit down on an A3 TDI with the following equipment:

    Premium Plus
    Metallic Paint
    Alum Roof Rails
    Cold Weather Pkg
    Convenience Pkg
    Open Sky Roof
    Wheel Locks

    I found out that my A3 TDI arrived early on Friday. AMEX shows the invoice at $35,185 and the MSRP at $37,055. The dealer quoted a net cap cost of $35,975 for a 36-mos lease at $587/mo and a drive-off of approx $1,909.15 (tax, title, lic, acquisition and 1st mo payment).

    I know that TDIs aren't subvented like the gas models, and feel $750-$1,000 to the dealer is fair, but my numbers showed some additional cushion (I used .00136 and 55%).

    Did the numbers improve in May? Edmunds is now showing dealer cash of $2,000 for the TDI, which I believe is new for the TDI for May...and could justify a $34,185 or better net cap cost?

    Thanks for your great service, and straight-up advice!
  • robritzrobritz Posts: 1
    Hi, wondering if anybody has seen/heard anything yet about the new May 2011 offers. The Audi site still shows the ones that expired on May 3 and can't seem to find any mention on the web or on local dealer sites.

    Hoping to get a Premium Plus this week so hopefully the A3 still is getting the incentive love!

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome b2thev. The dealer cash that you mentioned is only available on leftover 2010 A3 TDI models, so the new one that you ordered would not be eligible for it.

    $750 to $1,000 over invoice is a reasonable selling price for this car.

    Audi Financial Services' May buy rate lease money factor for this car is .00159 for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings robritz. Audi Financial Services' May 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 .00064 and 48%, respectively for consumers who qualify for its top credit tier.

    Other than $500 loyalty cash, Audi is not currently providing any cash incentives on leases of this car.

    Car_man
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  • stelladiverstelladiver Posts: 2
    edited July 2011
    Hi Car Man, can you please let me know if this is a good deal on a 2012 A3 (2wd)?

    Premium Plus
    Sports package
    Open sky
    Navigation
    Convenience package

    10k miles/yr.
    39 months
    Approx. $1600 drive off
    0 cap reduction
    $560/month, including taxes

    Earlier posts show much lower prices, but those appear to be for 2011, not 2012. Not sure what the deals are on the new incoming models.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings stelladiver. It would be much easier for us to evaluate this deal if you were able to provide us with this car's full MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is much more difficult to determine how large a dealer discount you are being given and in turn if there's any room left to negotiate. Let us know and we'll tell you what we think.

    Car_man
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  • hedges1hedges1 Posts: 10
    Car_Man,

    Do you happen to know the August lease rates for both 2011 and 2012 A3 models? Ideally I'm looking at either a TDI FWD or a 2.0T Quattro with 15,000 miles annually.
  • stelladiverstelladiver Posts: 2
    edited August 2011
    Hi Car_Man,

    I'm looking at a different A3 now and got the info you asked for. Here are the details:

    A3 Quattro
    Premium Plus
    Sports package with 18" wheels
    Nav + ipod
    Cold weather package
    Convenience package
    Open sky
    Wheel locks

    MSRP: $40,605
    Selling price: $39,605
    The dealer claimed to not have the invoice price, but says it's about 4% between the MSRP and invoice prices.

    10k/year
    0 cap reduction
    approximately $1600 drive off
    36 months: $583/mo (including tax)
    39 months: $571/mo (including tax)

    Would appreciate your thoughts ASAP, Car_Man, as I have to decide soon.

    Thank you!
    Stelladiver
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I certainly do hedges1. Audi Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2012 A3 2.0T Premium quattro with 15,000 miles per year are .00143 and 56%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 A3 TDI FWD are .00146 and 57%.

    The numbers for the 2011 versions of these cars would be .00064 / 53% and .00141 / 53%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Stelladiver. the car that you are interested in probably has a spread of around $2,700 between its full MSRP and dealer invoice price. That puts your selling price at around $1,700 over. It probably wouldn't hurt to shop around a little to see if you can beat this offer.

    Car_man
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  • Hi Car_man:

    I am in the market for 2012 Audi A3 lease (Premium Plus, Black, Open Sun Roof Option, Petrol Variant, 10k/yr drive limit).

    Here is what the dealer quoted me:
    Price: $30890 (supplier program)
    MSRP: $32805
    Down Payment: $4000
    Monthly Payment: $410 (including taxes; $379 w/o taxes)
    Residual Value: 58%
    Money Factor: 0.00237

    Can you tell me how good a deal is this? This was his first & last quote (for the monthly payment) and he mentioned that it is non-negotiable as that is determined by Audi Financial Services and not him - he can only negotiate on the Price and since I am in the supplier program I already qualify for a discount (and thus he cannot bring it down further).

    I keenly look forward to your response as I want to get a car soon. Thank you in advance.
  • Hi lookoutfora3. The selling price that you were quoted looks good. It's probably fairly close to dealer invoice.

    The money factor that you were quoted is higher than Audi Financial Services' September buy rate for this model though. AFS' buy rate lease money factor for a 2012 A3 quattro is 0.00143. It's 0.00097 for the non-quattro version. Make sure that the dealer uses these factors to calculate your car's payment.

    Car_man
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  • Hello Car Man,

    Have the numbers changed on A3 TDI Premium Lease 36mo/15k? The last post that mentioned TDI had .00146 and 57%

    Also, would the numbers be the same for an A3 TDI Premium Plus, with sunroof, convenience package, cold weather package?

    Thanks in advance!
  • Hello bricmund. The numbers are still exactly the same. They are the same for the TDI Premium Plus model as well.

    Car_man
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  • Hello Car_man,

    Can you confirm the October MF & residual for a 2012 A3 Premium & Premium Plus? 36mos/15k. (non-nav, non-Quattro, non-TDI)

    I've been using the .00097 & 56% quoted earlier to run my numbers but want to be sure October's rates haven't changed.

    Many thanks.
  • Hi babybeans. Audi Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2012 A3 Premium FWD with 15,000 miles per year are .00097 and 55%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a Premium Plus are exactly the same.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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