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Audi A4 Lease Questions

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  • I'm about to lease a car in a couple of weeks (2007 audi a4 ) under my father's name (who has perfect credit)...

    (my credit got ruined due to identity theft--so putting it under my name isn't an option)

    Would it be possible to start a new business (s-corp), and qualify for the same lease under my business (even if it's only 1 week old)?

    What's the cost difference between a personal and business car lease? how about the cost of insurance?

    Basically, i want to be able to write off this lease on my taxes (because car would be used 60% for business) ... so i'm not sure if i'll even be able to do that, if the car was under my father's name, therefore the business lease would come into play.... so not sure which would be more "cost affective"...

    Thanks for any input on this.
    -ales

    side note: i also just became and "independent contractor" , and i am planning on starting an s-corp for better taxes.
  • Hello;
    I think your tax related questions could be answered best by a good Tax consultant.
  • I just leased a a4 and here were my numbers:
    0 down
    36 months
    15k /per
    MF 0.0008
    Resid: 0.57

    Hope this helps people out there
  • Hi Papapapaul:

    Thanks for the note. What does that work out to for a monthly payment?

    Thanks a lot.

    G
  • Hi escortowner. Vehicles' money factors and residual values are set by the bank that you are leasing them through. Individual dealers to not have the authority to alter banks' published residual values and they cannot lower banks' buy rate lease money factors. Dealers are often allowed to "mark-up" vehicles' money factors to add additional hidden, back-end profit to deals. That is why it is important to know exactly what your vehicle's money factor should be prior to finalizing your deal.

    Car_man
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  • You're very welcome alcarmedia :shades: . Good point about the all season tires. As an added bonus, consumers who live on places that get snow won't have to change their tires in the winter if they get the all season tires. Those performance tires can be pretty slippery in the snow.

    Car_man
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  • Hi Afraz. Is $34,635 this car's MSRP or its selling price? If you let me know what they both are I will gladly tell you what I think of this deal.

    Car_man
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  • HI sestra. I am sorry to hear about your car problems. Unfortunately, once you signed your lease contract and physically drove your car off of the dealer's lot it was yours. You cannot give it back at this point. You certainly can express your displeasure to the dealer and see what they will do for you, but they are not obligated to do anything but fix your car. Hopefully the dealer will repair your car properly the first time and you will not continue to have problems with it. Make sure to document all of the repairs that you have had done to your car, including keeping the receipts and taking notes on who you spoke with. In the unfortunate and unlikely event that your vehicle continues to have problems you will need this information if you decide to proceed with a Lemon Law case against Audi.

    Car_man
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  • Hi pootie562. This particular discussion is for consumers to discuss leasing the Audi A4. You will probably have better luck getting a response to your question if you post it in the following discussion: "Audi A4 2005+".

    Car_man
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    Prices Paid Forum
  • You're very welcome, giampiero6. I'm glad that you enjoy it :shades: . How many months are left on your current A4 lease. Trying to get out if it early will likely cause you to spend more than you have to to get your new A4. You would probably better off waiting until you are closer to the scheduled end of your current lease to get a new car.

    If you are set on getting a new A4 now, I can give you an idea of how much it would cost to lease one. I just need some additional information from you first, including the car's approximate selling price, how long you want to lease it for, and how many miles per year you need to be able to drive it. You should be able to get an idea of what sort of selling price to expect by visiting the following discussion: "Audi A4: Prices Paid & Buying Experience".

    Car_man
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  • Hi techson. the car that you described probably has a spread of around $2,500 between its full MSRP and its dealer invoice price. You were quoted a discount of $1,186 on it. There's still some room to play with here. If you are in an area that has a decent level of competition, it wouldn't hurt to shop around to see if you are able to beat this price. there's no guarantee that you'll be able to, but it doesn't hurt to try.

    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.

    Car_man
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  • You're very welcome, a4fan.

    Car_man
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  • G,

    With the Audi Care,taxes etc. It worked out to be 401 a month.

    Hope this helps
  • Hello franklyjas. The car that you described, which sounds pretty sweet considering how loaded it is, probably has a spread of around $3,100 between its full MSRP and its dealer invoice price. The discount that you are being given on it $3,235 looks very attractive to me. It is probably very close to dealer invoice. Furthermore, the money factor and acquisition fee that you were quoted are right in line with Audi Financial Services' base numbers for this model. If you like the car, I personally don't see any reason not to pull the trigger on this deal.

    Car_man
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  • Hi Papa...

    Thanks a lot for the info. I appreciate it!

    Best,

    G
  • Car_man...you rock the globe. Thanks. I have 2 payments left on my lease. Here are the additional figures you asked for.

    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.
  • Hi franklyjas. This vehicle's lease program varies by term and mileage allowance. For now I will assume that you're interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 A4 Avant 2.0T with 15,000 miles per year are .00080 and 55%, respectively.

    Car_man
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  • Hi again franklyjas. Unless you are able to lock in your ordered car's lease program you actually will have to use the program that is available when your car arrives to calculate its monthly payment. If you can lock in Audi's current lease program, a number of manufacturers allow this...I'm just not sure if Audi is one of them, then you will have the option to choose the program that is available now or the one that is available when your car arrives, whichever one is better.

    Car_man
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  • Thanks giampiero6 :shades: . Two remaining payments isn't that bad. I still personally would just wait two months to get a new vehicle rather than wasting my final two payments on my old one, but what you do is up to you.

    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.

    Car_man
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  • pure3pure3 Posts: 3
    Car_man...or other knowledgeable members:

    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
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