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Audi A4 Lease Questions

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Comments

  • prince2100prince2100 Posts: 23
    no problem. despite what they tell you they need to get these cars off their lots for the new 09's. let me know what the other dealers in NJ negotiate with you. several months back 1 guy in Mass. got it for $407 but tax is slightly less there.
  • saaber1saaber1 Posts: 31
    check out DCH audi in maplewood NJ. that's where i got my A4 SE Auto 2 weeks ago.
  • hroark10hroark10 Posts: 5
    Looking into the Audi A4 CVT $399 a month 36 month no money down lease deal on Long Island NY. Would it be possibe to get the same deal for only 24-27 months as this is what I need. Any help appreciated before I go to the dealer I would like to know if this is possible. Thanks!
  • timdmbtimdmb Posts: 8
    so after testing the a4 cab and loving the car im off to explore other options as well, does anyone have any comparable models that they have driven that might be another option for me, looking to lower the cost of the car no higher if possible... thank you
  • jdunnisherjdunnisher Posts: 56
    I took delivery of my new 2008 A4 2.0 T CVT Special Edition (Black on Black Leather) last Sunday from Audi West Covina. Here are the particulars:

    MSRP: 32,075 (including destination and iPod interface)
    Selling price: 29,175
    Adjusted cap: 30,400 ($650 Audi Care and $575 Acquisition Fee rolled in)
    Residual Value: 16,999.75 (53% w/ Audi Care)
    MF: 0.00002
    36 months / 45,000 miles
    Monthly payment: $373.18 + tax
    Due at signing: $0

    This was a true sign-and-drive lease, as I did not pay anything at inception. Audi even covered the 1st payment under the current lease special on the SE models. So, I just have to make the remaining 35 payments of $373.18 + tax. I was originally shopping the 2008 Honda Accord EX-L, and the payments came out so close that I ended up going with the A4. The Accords just aren't leasing as well right now because they are in a new model year.

    I am very happy with this car and the deal that I got. Audi West Covina was a great dealership, and my salesperson was fantastic. I will be posting a review of this dealership and my salesperson shortly, but if you are shopping for an Audi in the SoCal area and would like the contact info for the person I worked with, I would be happy to provide it to you.

    This is my fourth lease in the past three years. I've been happy with each of the deals I got on the other three vehicles, but it was always a painstaking grind to get to the price I wanted. This was completely different; every part of the transaction was a breeze! All of the negotiations were done by e-mail as I preferred, we spoke a few times by phone to work out a couple minor details with the car itself, and he even provided me with a copy of the invoice in PDF format within 10 minutes of me requesting it.

    When my wife and I showed up at the dealership, the car was already pulled out and detailed. My salesperson went over the car and all its features with me, then we went inside to sign papers, which were already printed and ready to go. All the numbers were exactly as we had discussed in our e-mail correspondence. My wife and I were at the dealership maybe 30 minutes from start to finish. All-around, the best car buying experience we have ever had.

    --Jordan
  • kyfdxkyfdx Posts: 27,889
    Nice deal!!

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • mkrugmkrug Posts: 1
    Sweet deal. Can you email me your sales person's info?

    -Mike
  • jdunnisherjdunnisher Posts: 56
    No problem, I just need your e-mail address. You can probably accomplish this by making your e-mail address visible in your Carspace profile long enough for me to shoot you a quick e-mail.

    --Jordan
  • m3technicm3technic Posts: 1
    Jordan, could you please provide me with your saleperson's contact info. My email is m3technic@yahoo.com. Thanks! :)
  • ajack1ajack1 Posts: 1
    Audiedge,
    Did u finally decide on a car and what dealer. I was looking at the Audi A4 summer special in Buffalo, but was slightly alarmed to hear of your disapproval of our local dealer. How was ur experience at Rochester?
  • miket21miket21 Posts: 8
    I'm not audiedge, but I too had a major problem with the Buffalo dealer. I contacted the internet salesman June of last year about a 07 A4 quattro and went to take a test drive. When negotiating with the salesman I knew what I could get the car for from these forms and basically he just got to the point where he was pushing me out the door and said "why don't you come back next month when the rates may be different". I also heard another salesman say the same to another couple interested in a VW.

    I called the Rochester dealer the next day ended up with a 07 A4 quattro premium for 389/ mo with 1400.00 down last day of the month. I didn't have the time to drive all the way to Rochester from Williamsville so the salesman met me in Batavia and delivered the car... very easy to deal with and will be going there to get a 09 A4 in October when my lease on my other car is up!!

    I would never deal with the Buffalo dealer again, the people that work there don't really seem to care if you buy a car from them or not.
  • jdunnisherjdunnisher Posts: 56
    m3technic,

    I just sent over his contact info.

    -Jordan
  • lhtrojanlhtrojan Posts: 2
    Jordan, i also would like the salesperson's info. would you e-mail me please. my e-mail address is louishong@sbcglobal.net thank you. :D
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, gwarrenfl.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hey jdunnisher, love the deal...can i get the info on the dealership/rep as well?

    pkwestside@gmail.com
  • jdunnisherjdunnisher Posts: 56
    lhtrojan and pkwestside,

    I have e-mailed you both with my salesperson's contact info. Let the board know if you end up buying. Good luck.

    --Jordan
  • gtylersgtylers Posts: 10
    what should i expect to be paying in NE ohio..............right now im getting quoted about $470/mo with $950 due at signing on a phantom black SE with convenience at 15k a year.

    I feel like it should be MUCH lower.
  • Hi looking for a recommendation on a salesperson who provides great deals in the Chicago burbs - naperville, downers grove area? Any help is appreciated!

    Thanks...
  • Haven't gotten the deal in writing yet -- but have been talking to e-mail sales mgr about a 2.O AWD Cab (2008) at invoice price -- minus the 2K on the lease at best financing rate on the lease (have not yet been told what money factor is --). From those numbers, dealer will determine monthly payments based on milage and number of months on the lease.
    Should I be asking for anything more?
  • What is the best money factor being offered by Audi Financing on the 2008 Audi A4 2.0 AWD Cabriolet?

    How do you convert the MF into a yearly interest rate in order to compare whether its better to finance the car through leasing or purchase?

    I figure that if I paid for the car in cash, I'd be foregoing at least an average of 4 or 5 percent return on my money that I would get if I just left the money in the bank over the next 3 years.

    I could borrow money from the bank and buy the car -- a car loan costs about 5 percent APY now at my bank.

    If the lease money factor comes out significantly below the equivalent of 4 or 5 percent per year APY, I figure it pays to lease ---- especially with Audi kicking in $2K off the lease price.

    Am I missing anything?
  • jdunnisherjdunnisher Posts: 56
    For the month of May, the MF on the 2.0 Quattro Cab was .00057 and the residual was 53% for a 36 month lease (15k per year). I believe these rates are in effect through 7/2 when the Summer of Audi Event ends, but I'm not entirely sure.

    Audi Lease Rates - May

    To convert a MF into an effective APR, you simply multiply it by 2400. I could go into detail about why you use what seems like such a random number, but that is all you really need to know about turning a MF into an APR.

    For example, the MF of .00057 is equivalent to an effective APR of 1.368%. As you can tell, this is a very good rate. There is a good chance you would be better off leasing under the current program, as opposed to purchasing. That, of course, depends on your circumstances. Hopefully, this information helps you make your decision.

    --Jordan
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks wheelnovice :blush: . The best way to evaluate leases is to look at a vehicle's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this number is, it is difficult to tell how much of a discount you are getting. Negotiate a selling price that's as close to dealer invoice as possible and then have the dealer calculate your car's monthly payment using its buy rate lease money factor. Audi Financial Services' current buy rate for a 36 month lease of an '08 A4 2.0T Convertible without quattro is .00036.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yes, Rich , the $2,000 loyalty / conquest cash is compatible with the special money factor that you mentioned. I am not personally familiar with what the market is like for this car right now, but $500 under invoice is really equivalent to $1,500 over. There's still some room there. If you are in an area that has a decent level of competition, it might now hurt to do a little comparison shopping. Keep in mind though that this is the hot time of year for convertible sales. It would be much easier to get a killer deal on one in the middle of the winter than heading into the summer. Try stopping by the "Audi A4 Prices Paid and Buying Experience" discussion tot see how much other community members have paid for similar cars lately.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Wow thanks for the kind words, gwarrenfl.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    The RS4 is close enough to A4 that we'll call it on topic ;) . According to the latest information that I have seen, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 RS4 Sedan with 12,000 miles per year are .00256 and 47%, respectively.

    Unfortunately, if you are far away from the scheduled end of your A4 lease you will likely find that it is very expensive to get out of it at this point...even to get into a lease of a new RS4.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting a good deal on your new A4, Jordan. Thanks for taking the time to share the details with everyone. I'm glad to hear that you had such a good dealer experience. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to tell others about it. Enjoy your new ride :shades: .

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • What do you think should be my bottom line?

    MSRP = $44,575 (includes 2.0 AWD cab, with prem pkg, bluetooth, heated front seats, ipod interface and dest. chg.)
    Edmunds Invoice Price = $41,511

    Dealer says will sell for invoice price (don't know if theirs is different from Edmunds yet and don't know if they plan to add on other charges other than tax, tags, reg.)

    In addition to selling for invoice, Audi will subtract another $2000 (conquest/loyalty) off the lease portion of the equation if I lease -- (using the Edmund's invoice price, this brings the lease plus residual total to $39,511 plus tax tags, registration and any etcs.)

    Is this good? Any charges etc. I should be aware of?

    Thanks
  • Any advice on buying "gap" insurance?
    Do I buy from my regular insurance co or Audi?
  • 604doc604doc Posts: 182
    I believe Audi includes gap in their leases.
  • jdunnisherjdunnisher Posts: 56
    That is correct - AFS does include GAP coverage on all of its leases. I believe this to be the case with most captive lease banks.

    --Jordan
This discussion has been closed.