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Audi A4 Lease Questions
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Also, the money factor that you were quoted for this car is way too high. Audi Financial Services' current buy rate lease money factor for a 24 month lease of a 2007 A4 2.0T Sedan with quattro is only .00080. It appears as though the dealer that you are working with is attempting to mark your car's money factor up to add additional back-end profit to your deal. Make sure that the dealer that you lease from uses this car's buy rate to calculate your lease payment.
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With the Audi Care,taxes etc. It worked out to be 401 a month.
Hope this helps
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Thanks a lot for the info. I appreciate it!
Best,
G
Approx. selling price: $40,600
Lease term 36months
15k miles
0 down 0 drives
Just to remind you the car in question is:
2007 A4 2.0T Cab, heated seats, premium package, sports supsension
I'm getting close to making a decision...You advice is appreciated. Thanks again.
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OK, let's take a look at the deal that you were quoted. A base 2007 A4 2.0 CVT Cabriolet without quattro has a spread of around $3,100 between its full MSRP and its dealer invoice price. You are being given a $1,900 discount on the model that you are interested in. That's a pretty decent price. There's still a little bit of room there so it wouldn't hurt to shop around, but I doubt that you'll be able to do much better than the price that you've already been given.
Now let's work up a lease payment on this car. According to my calculations, if you were to lease a 2007 A4 2.0 CVT Cabriolet without quattro that has an MSRP of $42,500 and a selling price of $40,600 through Audi Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $508.
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I'm looking at a 2007 2.0TQ Avant (6spd, convenience, heated front seats, sports suspension, premium, and rear side airbags). I haven't negotiated any aspects of the deal, so I'm curious what you think I can gain in negotiations. Here's the first offer:
36 Month Lease
12,000 miles/year
MSRP $36,010
Price $35,500 (I backed into this #)
Invoice $33,369
MF 0.0008
RV 54%
Down = First Month + $575 Acq
Tax = 7.7%
Monthly Payment = $475.55 + Tax
The salesman indicated that because Avants are rare, and 6 speed Avants even more rare, there wasn't much wiggle room on price. Any truth to this?
Also, I'll be trading in my 2002 A4 1.8tqm with an approximate trade-in value of $13,200 (Edmund's) and a payoff of $5,000. I don't want to apply this towards the down payment...will they cut me a check after the payoff? And, can I gain any tax credit for the trade-in? If so, how do I calculate this? (all the online calculators try to roll the equity into the down payment).
Thanks in advance!
-PuRe
07 A4 Avant MT6 Brilliant black
Sline
Ti package
NAV
Premium
Convience
Bluetooth
Cold
Basically everything for $500 over invoice. Now this was on the absolute last day of the sales year...Jan 2, 07 so they were somewhat motivated to sell. fwiw
A couple of Audi dealers have quoted me a certain invoice price for a 2007 A4. But when compared it to the Edmunds (or other websites') invoice price, they've added about $500 and call it the 'pre-inspection delivery' and 'ad-association fee'. This looks like a big scam to me and I just walked-away. I couldn't find much info on the web about such fees for new cars. So what is going on here?
Also, these dealers are asking for $500 above their "pumped" up invoice. Reading this thread and other threads on this forum, it does appear that these dealers are trying to overcharge - simply because of the lack of 2.0T A4 quattros with 6MT. Any thoughts?
Thanks!
Thanks again. I feel very confident I see what's going on now...
I was interested in leasing an AUDI A4 2T Quattro. I had wanted to take delivery of the car on Dec 30, but due to the saleperson/ finance manager (at the dealership) not having given me complete information on all the documentation required the approval did not go through.
Thereafter, I finalized a lease on the vehicle and obtained the approval in the first week of January from Audi Finacial Services as per a special offer then currently being offered. $379 per month, Money Factor - .00115, Residual - 73%. I negotiated a deal $430 a month with only the first payment down.
Since I was travelling out of the country for a couple of weeks, I requested the dealership to be able to pick up the car after I return since I had not been able to take delivery when I wanted to be able to take it and I would now be taking delivery only to not use the car at all for the rest of the month. The dealership readily agreed and did not at any point inform me that there is an expiration date when the approval lapses.
I also made the PAYMENT FOR THE FIRST INSTALLMENT OF THE LEASE as a gesture of good faith and firm intention to lease the vehicle. A referral of mine did infact sign the lease and take delivery of another vehicle at that time (all conditions were identical).
I was scheduled to return on the 29th of January, but due to the global British Airways strike, my flight was cancelled and I could not return till the 6th of February. On calling the dealership upon my return I was informed that my approval had been cancelled (even though I had never been informed about a deadline) and I would have to get reapproved at the new (much higher) rates. The fact that I had already made the first payment was deemed irrelevant.
I do understand that the dealership could not reasonably be expected to hold the car indefinitely, but the least I could expect from AUDI and the dealership was to have been informed. I was not reachable by phone since I was abroad, but my email address as well as the contact details of my colleague and referral (we had finalized the deal for both the cars together) were with the dealership. I recieved neither an email nor did my colleague get word that the approval would be cancelled by a certain date so that I could have been informed.
I have called the dealership and they have informed me of their inability to do anything since this is in the hands of Audi Financial Services (AFS). I called the AFS helpline and the customer care associate informed me of her inability to help me. Do I have any options at all?
Thanks a lot,
Sam
That's a great deal. Any tips to get them to that price? (I know you asked on AW how to get down there).
Were there other factors involved, i.e. a trade-in or dealer extras like tint and clearbra? I'm having a hard time getting my dealer to go below $1,500 over invoice on a 6MT Sline Avant.
Maybe I need to order a car from California
-PuRe
$1000 over invoice (I asked for $500 over)
0.0008 MF
3yr/15k miles a year
$1600 down (around $90 going to cap cost reduction)
I had about $2500 in negative equity from my trade-in so I had to roll that in
Security deposit was waived
Residual was 56% I believe, it went up 1% after I added the $550 Audi maintenance program but that only increased my monthly payments by $5.
MSRP on the car was just over $42k (I don't have the exact numbers in front of me).
I actually made my offer based on some deal that someone else on this forum got which was why I was asking for $500 over (they had gotten an S-Line too). Dealer told me he could do $500 over for a regular A4 but not the S-Line version. No big deal.
They offered me about $1k less on my trade-in but I was ok with that. However, they ran the carfax on my trade after the offer, discovered it was an accident before I owned it. Honda dealership I bought the car from did not disclose the accident from me at the time of purchase over a year ago. They told me it was a corporate car with a clean title (it had a little over 5k miles on it) and treated the sale like a new car and gave me the low finance rate (3.9%). Even after finding out about the accident, the Audi dealer did not back down on their initial offer and that really impressed me.
Saw my old Honda selling at a used car dealership down the street and they are asking about $3k more on it compared to what I traded it in for. After I factor in the tax credit I get for trading it in and the refund I'll be getting on the $1600 7yr/100k extended warranty I bought (and never used) it looks like I did pretty good on that trade-in afterall.
Prem Pkg / Conv Pkg / Heated Seats
MSRP = $35,285
Invoice = $33,303
Price = $33,803
36mos/15K/ 0 down
Cash due = $1502.54 (1st month pay included)
payments = $463.54
-thanks
Here's an quote I received today, what do you think?
Audi A4 quattro 2.0
Premium/Convenience/Cold Weather Pkg.
36 Months/20K miles per year
MSRP: $35610
Selling Price: $34000
Residual: 0.57
Money Factor: 0.0008
bank fee: 575
documentation: 167
Total monthly: 556.56 including 50.56 of tax
I had everything capitalized based on your previous post advice. Also, there is a 10% tax in my area. Thanks!
I am confused with the Audi A4 lease deal which states
MSRP $33510
TERM 36mo
RV@60% $20106
Lease $379
If I apply the 0.0008 MF as most of ppl get in this forum, the monthly lease will be
(33510-20106)/36+(33510+20106)*0.0008 = $415.23
This calulated amount is higher than dealer's offer :confuse: . Please help. Thanks.
You aren't being given much of a discount on this vehicle, but if it is as rare as you said it is and you aren't flexible about how it is equipped this may be as good as it gets. Have you tried comparison shopping with another Audi dealer or two? I'd see if I could beat this price or even find another similarly equipped car before finalizing this deal. You don't have anything to lose by shopping around.
You are being very smart in having the dealer cut you a check for the equity that you have in your trade rather than using the proceeds from it as a down payment for your lease. The dealer should definitely be able to do this for you. It's never a good idea to make large down payments on leases. While tax laws vary from state to state, if you trade in your current vehicle when you lease a new one, you still should be able to take advantage of any available tax credit even if you get a check for your trade instead of applying the proceeds towards your new deal.
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I am not sure where i would need to post this but i am relocating to the East and would like to sell my Audi A4. It is grey, black top, grey leather. It has 35,000 miles. Beautiful car but i need to sell it. I have two other cars and a baby on the way. You can email me if your interested at alvarezrrb@yahoo.com.
I haven't yet tried to negotiate the price with the dealer. This lease package is posted on office Audi website. I assume the MSRP will be the selling price at this point. I am trying to find the exact money factor for the "33510 package" and then try to talk down the selling price and apply the same money factor.
Thanks again for your time.
I'm currently interested in leasing the car above for 2 years / 15k miles. I have a few quotes from different dealers. One was decent, one basically tried to rob me blind.
Quick question - does anyone know the residual on a 24 mos /15k lease for a 2.0T Quattro 6M? The best quote I've gotten is for 63%.
Many thanks!
1) I leased my car from a dealership in Kansas City, MO because I was living there at the time. Now I live in Silver Spring, MD. Do I have to return the car to Kansas City or can I just bring it back to a local dealership?
2) What have other people's experiences been in terms of getting charged for damage to the vehicle above normal wear and tear? I definitely have a few dings and scratches - do I need to consider getting these fixed before I return the vehicle to avoid getting charged an exhorbitant fee?
3) Is it worth it to pay about $150 to get the car detailed before I return it so that it at least looks "new" even with a few dings?
4) I vaguely remember a "disposition fee" or something like that I'll have to pay upon return - around $4-500, I think. Any other expenses I'm forgetting? I will return the car with about 2,500 miles to spare on the odometer, so at least I won't be over miles.
Thanks a lot in advance!
I posted on the Acura board as well but it looks like a lot more traffice here.
Motivation for the 1 time payment is due to horrible financial management on my part and I destroyed my credit.
I have since decided to behave like a responsible adult and all of my bills are current and have been for a while.
I have my own business that is very profitable and I can safely pay 12-14K. I do not want to buy an older car out right as I do not want to be without a warranty.
I have seen many cars on leasetrader and swapalease that I could pay for that are far less than 10K.
Does anyone know if this would work?
Thanks!
1) Have any of you obtained 4 yr leases - whether through Audi Finance or a dealer-associated bank?
2) Since few people drive just 10k miles a year, will the dealer let you purchase more miles up front - for less than 25 cents per mile? For example, I have a Canadian friend who leased a Mercedes; they let him buy extra miles at lease inception for about 8 cents (US) per mile.
Thank you for all your valueable advice and info - used it 3 years ago when leased my current car, looking at it again in preparation for the next one.
Can you get the run down for current residuals/money factors on:
A4 2.0 15K 24/36 months?
and if possible on A3 3.2 15K 24/36 months(I'll post it on A3 forum as well, but I know it does not get much traffic, since lease terms are so horiffic).
Thanks again.
Overall, unless there is a significant difference in the two interest rates at the time of purchase I prefer the smart buy program to this point in time.
You're correct, the RV of 54% was off...it was actually 56% (-2% for the S-line package and +1% for the Audi Care package).
However, I didn't pull the trigger and am now waiting to see the new figures as of today (Mar 6th). Can you please post these figures when you get them?
Thanks,
PuRe
I'm looking at the 2007 A4 2.0T CVT right now with Premium package. 10,000 miles/36 months
Dealer quoted me:
MSRP: $31,435
Price: $30,200
Residual: $18,232
Taxes: $2650 (Chicago registration)
Plates: $168 (New Plates)
Doc Fee: $58.48
With absolutely NOTHING due at signing (no first payment, plates, nothing) the monthly would be $499 a month.
With $2650 due at signing the monthly would be $415 a month.
By my calculations, this is a residual of 58% and money factor of over .0008. Could you let me know what residual and money factor should be used for this car? Thanks so much for your help.
07 A4 2.0T Quattro S-Line Quartz Grey w/ Navi, Convenience pkg, Audio pkg, CWP and BT.
Sticker $42,610
Negotiated them to $1000 over invoice and 0.0008 MF
WA state tax 9.1%
$2500 negative equity on trade-in
$43998 = Cap cost $43488 + taxes,title,license
$98.27 cap cost reduction
$43899.73 adj cap cost
$23861.60 residual (56% w/ audi maintenance plan ($550))
$0 security deposit waived
$575 acquisition fee
$610.82 monthly payment
Not sure if I missed anything. My calculations aren't exact but I think they're pretty close. Tell me if I missed anything (and if I did it's too late anyways :surprise: )
36m 15k: 57% RV .00082 MF
36m 12k: 59% RV .00082 MF
Also, does Audi offer extended warrantees and what might they cost (ballpark)?
Thanks. Frank
36m 15k: 57% .00082
36m 12k: 59% .00082
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When you have to physically return your vehicle, you should be able to do so at any Audi dealership, not just the one that you originally leased it from. Place a call to a local Audi dealer and make an appointment with them to return your leased vehicle rather than just showing up unannounced.
I believe that Audi Financial Services charges a disposition fee of $350 at lease-end to consumers who do not lease another Audi through AFS.
Let me know if you have any other questions.
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Audi Financial Services has residual values for leases with 10,00, 12,000, and 15,000 miles per year. If you need to drive more than 15,000 miles per year, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
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