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Audi A4 Lease Questions

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  • justzjustz Posts: 2
    I am new here and need your help.
    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.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi PuRe. Through March 5th, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2007 A4 2.0T Avant with 12,000 miles per year are .00080 and 57%, respectively. The money factor that you were quoted is right on the money, but for some reason the residual value is off. That's strange because dealers do not have the authority to alter banks' published residuals. Perhaps there was some sort of miscommunication about that number. At least the money factor is right. This is important because dealers sometimes to mark up banks' buy rates to add additional back-end profit to deals.

    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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi good_carma. Rather than letting dealers cloud things by adding all sorts of little fees to your deal, focus on the big picture...the out-the-door price of the vehicle that you want. After all, it doesn't matter how the price is arrived at if you are paying the least amount of money to drive off in the vehicle that you want. Shop around and get out-the-door prices for the A4 that you are interested in from several dealers. Then go with the one that offers you the best overall deal.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks giampiero6 :shades: . Through March 5th, Audi Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2007 Audi A4 2.0T Sedan without quattro with 12,000 miles per year are .00080 and 66%, respectively. As I mentioned, this program is only scheduled to run through Monday. Please feel free to check back with me on Tuesday and I should be able to give you an idea of what Audi's new March numbers are like.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on your new car, dman. Thanks for taking the time to share the details of your lease with everyone. Enjoy your new ride :) .

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mel27. $500 over dealer invoice is a good price for this car. I just worked up a sample lease payment on this car for you and according to my calculations, if you were to lease a 2007 Audi A4 2.0T Sedan with quattro that has an MSRP of $35,285 and a selling price of $33,803 through Audi Financial Services right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $424. The payment that you were quoted looks slightly high to me, but I don't know exactly how much tax is adding to it. Make sure that the dealer that you are working with is using Audi Financial Services' buy rate lease money factor of .00080 to calculate your car's lease payment.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dgarb. I'm not sure what sort of payment you will be able to get on your Audi if you decide to lease it for another two years after your current lease on it is up. What I can tell you is to make sure to compare the cost of leasing again with the cost of leasing a similar brand new car. There may not be as much of a difference between the payments as one would initially think.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome justz. You never mentioned the selling price of the car that you are interested in leasing. Are you assuming that this car's MSRP is its selling price? The selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. Chances are that the dealer you are working with is giving you some sort of discount on this car. That would explain why the payment that they quoted you is lower than the one that you came up with. Find out exactly what this car's selling price is and use that number to calculate its monthly payment. You never know, you may even be able to negotiate a lower price than the one that your dealer is currently using to calculate your lease.

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  • lxa0411lxa0411 Posts: 1
    Hello,

    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.
  • justzjustz Posts: 2
    Car_man, thanks for the quick response.

    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.
  • tballstballs Posts: 6
    Hey Guys,
    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!
  • tballstballs Posts: 6
    Correction - I'm interested in an A4 2.0T 6M Quattro.
  • nalenale Posts: 12
    I have three months left in a 42 month lease on a 2004 A4 1.8T Quattro. This is my first car, my first leased car, and therefore I have no clue what happens at the end of a lease. I have no intention to purchase my car nor lease a new car.

    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!
  • Does anyone have information on a 1 one time payment to Audi for a 2007 that is currently on lease with someone else?

    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!
  • wvbobwvbob Posts: 13
    Looking at the date of your post, this is late, but hopefully of value. I purchased an '05 beetle for my daughter using VW's Drivers Choice ( same program as Audi Premier Purchase) There was no Acq Fees, vehicle was titled in my name, I received all tax benefit on write off of taxes paid. Beetle was calculated same as a lease, but was signed on a Finance contract. I had complete freedom to trade, sale or what ever as though the car was mine. In Jan 07 car was totaled. Payoff will be about 2K less than insurance settlement, money went towards a new Jetta. I personally preferred the program to a straight out lease.
  • mark_wnymark_wny Posts: 64
    I'm a newbie to this board, so I hope these aren't stale questions:

    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.
  • liagukliaguk Posts: 5
    Hello Car_man,
    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. :)
  • escortownerescortowner Posts: 129
    Thanks for the information. About a month ago I went ahead with the SmartBuy program. Interest rate was about a percent higher than on the lease, but with the lower fees on both the acquisition, and release of the vehicle, it makes it easier to do the program.

    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.
  • pure3pure3 Posts: 3
    Thanks Car Man.

    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
  • CarMan,

    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.
  • dmandman Posts: 17
    Here were the details of my deal. Tell me how I did.

    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: )
  • kpof38kpof38 Posts: 4
    I was in the dealership yesterday and somehow got the dealer to show me the Audi email with the residuals and money factors.

    36m 15k: 57% RV .00082 MF
    36m 12k: 59% RV .00082 MF
  • My 2004 A4 lease is ending in 6 weeks. I am considering buying it and I'm wondering if there is a chance that Audi Financial will negotiate down the residual price that is in the original lease agreement?

    Also, does Audi offer extended warrantees and what might they cost (ballpark)?

    Thanks. Frank
  • kpof38kpof38 Posts: 4
    I got it out of the dealer...

    36m 15k: 57% .00082
    36m 12k: 59% .00082
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tballs. Audi Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 A4 2.0T Sedan with quattro and 15,000 miles per year are .00093 and 64%, respectively. This car's money factor is slightly better than this in Audi's Central and Eastern region, .00082, shaving another couple dollars per month off of your lease payment.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi nale. You need to place a call to Audi Financial Services, assuming that is the bank that you are leasing your Audi through, a month or two before the scheduled end of your lease. I believe that AFS uses an independent company to inspect the lease-end condition of vehicles. After this inspection, you will receive a Vehicle Inspection Report listing any charges for excess wear and use, if any. At that time you can either make any necessary repairs on your own or just turn your vehicle in and have AFS charge you an excess wear and tear penalty. As long as your car doesn't have any major dents or scratches, the interior isn't torn, and there is a decent amount of tread left on the tires you should not have to pay a penalty. You should be able to get an idea of what AFS considers to be excess wear and tear by visiting the following site: Audi Financial Services Wear and Tear Guidelines. It wouldn't hurt to wash and clean the interior of your car prior to having it inspected, but I personally don't think it's worth spending big bucks on getting it completely detailed.

    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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Mark. Audi Financial Services will lease vehicles to consumers for 4 years. Unfortunately, its special lease money factors are not available on 48 month leases. You would be much better off leasing the Audi that you want for 36 or 39 months because the money factor will more than double for a 48 month lease.

    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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, PuRe. Audi Financial Services' new March buy rate lease money factor and residual value for a 36 month lease of a 2007 A4 2.0T Avant with 12,000 miles per year are .00093 and 56%, respectively. In Audi's Eastern and Central regions, this vehicle's money factor is enhanced slightly, to .00082, which will cut a few dollars per month off of the monthly payment for consumers who are in these areas. If you opt to get Audi Care, this vehicle's residual value will be 1% higher.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi oshchicago. I'd be happy to give you an idea of what this car's March lease program is like. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Audi A4 2.0T CVT with quattro and 10,000 miles per year are .00082 and 59%, respectively. This money factor is slightly better than Audi's national factor of .00093 for this car because it has enhanced it slightly in its Eastern and Central regions. I suspect that Chicago is in the Central.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dman. $1,000 over invoice is a decent price for this car and the money factor that was used to calculate your monthly payment looks good. I personally may have waited until I was less upside down on my trade to get something new, but other than that this looks like a pretty good deal to me.

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