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Audi A4 Lease Questions

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Comments

  • 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: 38,518
    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.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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: 38,518
    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.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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: 38,518
    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.

    Car_man
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This discussion has been closed.