Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Audi A8 Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
Hi everyone. Please use the following discussion to post any questions that you have about leasing an Audi A8. Thanks.

Car_man
Host
Smart Shopper / Prices Paid Forums
«1345678

Comments

  • keyeskeyes Posts: 5
    Carman,
    Do you know recent money factors and residual % on the A8 and A8L?

    Thanks
  • I certainly do keyes. How long do you want to lease it for and how many miles per year do you need to be able to drive it? Let me know and I will let you know.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • keyeskeyes Posts: 5
    36 months.
    15,000 and 12,000

    Thanks
  • Thanks for the additional information, keyes. If you were to lease a 2006 Audi A8 through Audi Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00160 and 55%, respectively. The numbers for an otherwise identical lease of a 2006 A8L should be .00185 and 57%. These cars' 12,000 miles per year residual values are 2% higher than their 15,000 miles per residuals.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • carman,

    How about a 24 and 36 month lease with 10,000 and 12,000 miles?

    thanks in advance
  • Here you go smittyj. If you were to lease a 2006 A8 LWB through Audi Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00185 and 71%, respectively. The numbers for an otherwise identical 36 month lease should be .00185 and 59%. Its 10,000 miles per year residual values are 1% higher.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • I received this quote from a dealer I would like feedback. In addition it is possible that 12K miles is too tight but 15K miles way too much.

    It is a 2006 Quartz Gray
    with the Black leather interior. It is equipped with the premium package and
    the Sport package with all-season tires. In addition it also has the XM
    satellite Radio and the adaptive cruise control. MSRP of this vehicle is
    $78,300.00 A 36 month lease at 12,000 miles per year with a total out pf
    pocket cost due at lease inception of $3,000.00 your monthly payment with
    tax included is $1,100.00
  • Hi lefty3. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, 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. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy give you my opinion on this deal if you let me know what this car's selling price is.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • CarMan:

    I would be very much appreciate your help with the lease calculations on a 3yr lease w/15k miles per year for a 2006 A8 with price of 68k,
    74k, & 78K. (Also, how do you do the calculation once you have the buy rate factor and residual value?)

    Many thanx...
  • Thanks Car_Man,

    The dealer gave me his sticker price as his price. But, as of yesterday, I have decided to buy a BMW instead. Thanks so much for your reply.

    Lefty3
  • CarMan:


    Could you give me your opinion on what a good price would be for this A8?

    It is a short wheelbase Audit quattro at6 black on black. It has the premium and sport packages - 4k and 2.8k respectively along with alcantara package 1.5k, front seat ventilation 1.5k, dual pane windows $600, and sirrus sat $550. Base msrp is 68,130k and 79,800k with the options.

    I want to lease the car thru Audi's program for 3 years and 45k miles (15 per year). (I am assuming the money factor is .00160 and the residual is 55%.)

    My question is: what is a good price for the car? I have offered 71k and they have countered with 76k indicating that they will not go lower.

    So what do you think?

    Many thanx for your help.
  • How do I find out what the money factor and residual value from Audi Financial Services are? I called the Audi 800 number and was transferred six times to people who all refused to disclose the information, asying I could only get it from my dealer
  • Just ordered my A8 but because it wont arrive until Feb I cant get any price protection beyond the end of the year. Do you expect any changes or incentives at year end or in 1st quarter??
  • Hi slhewitt53. I would be happy to estimate what this car's lease payment should be like for you. However, in order for me to do so I also need you to provide me with its full MSRP (with the destination charge added in).

    Check out the following article that is available here at Edmunds.com to get an idea of how lease payments are calculated: Calculate Your Own Lease Payment.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • No problem, Lefty3. I think that you made a wise decision. You shouldn't have to pay full MSRP for an Audi right now.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hi slhewitt53. I am not personally all that familiar with what the market is like for this car in your area right now. I suspect that the $71,000 that you offered is too low. This car has a spread of around $4,400 between its full MSRP and dealer invoice price. The price that you offered is several thousand dollars below invoice. The price that they countered with, $71,000, looks to be less than $1,000 over invoice. That sounds like a very reasonable price for this car to me.

    As far as the lease program for this model goes, the numbers that you mentioned are right in line with Audi Financial Services' current program for it.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hi jdma8l. Audi Financial Services will not provide information on vehicles' current lease programs to consumers. In fact, I am not aware of any source that provides accurate information on manufacturers' current lease programs to the general public. I should be able to give you an idea of what the lease program is currently like on the vehicle that you are interested in though if you tell me the exact model that you want, how long you want to lease it for, and how many miles per year you need to be able to drive it.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hello smittyj. I absolutely expect Audi's lease program on this car to be different early next year than it is right now. It is difficult to say whether that change will be for better or for worse though. Some manufacturers, like BMW, allow consumers to lock in their current lease programs on ordered vehicles. I don't believe that Audi does this, but you may want to ask your dealer just to make certain.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • carman if I ordered the A8 L with both premium and sport packages how much off MSRP should I expect and what money factor and res value will I see on a 36 mo term with 10k and 12k miles? Thankx in advance Laddy.
  • jmd23jmd23 Posts: 13
    Dear Car Man,

    Reading your postings here have really accerlated my education in the art of leasing. Thank you!
    So here's a situation that I hope you can advise on before I walk into the dealer showroom...

    My 2006 A8 arrived a week ago. I have a (48-month lease) 2004 VW Touareg that I'm trying to get rid of. My approach is to first deal on the lease of the A8 and then the Touareg.

    Using the lease calculator, money factor and residual numbers found on this site, I like the numbers that are coming up on a 36-month, 15k annual miles, $3k down.

    But what the dealer will want for my VW (KBB says $35.5k) and what's still owed (about $43k) will be a big gap. I don't this to be thrown into the lease payments. I would like to pay the difference, but not all of it. Would a dealer be willing to negotiate by meeting me halfway on the VW if they get a lease that's good for them on the A8?

    I know we all do what we do to make a living, I just don't want to be screwed...

    Thanks in advance!
  • Hi smittyj. If you were to lease a 2006 Audi A8L through Audi Financial Services in December for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00205 and 59%, respectively. This car's 10,000 miles per year residual value would be 1% higher. I'm really not sure what the market is like for the A8 is like right now, so I can't give you an idea of how much you should pay for this car in terms of its capitalized cost. I can tell you that a base 2006 A8L has a spread of $4,700 between its full MSRP and dealer invoice prices, so there is a lot of room to play with there.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Thanks jmd23. I'm glad that you've found my posts so helpful. You're being smart by treading your new A8 lease and getting out of your current VW lease as separate transactions. Having the dealer work with you to pay off part of your current lease is going to hamper your ability to get the best possible deal on your new car. They probably have a figure in mind as to mow much a profit they are willing to take on the A8, it doesn't really matter to them whether you use all of the discount that they will be willing to give to reduce your A8's capitalized cost or use some of it to payoff your VW lease. A base '06 A8L has a spread of around $4,700 between its full MSRP and dealer invoice price to work with. Negotiate the best possible deal that you can on this car and then introduce your VW lease into the equation. If you want to roll some of your negative equity into your new vehicle's capitalized cost it will absorb some of the discount that you are being given.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • jmd23jmd23 Posts: 13
    Thanks for your reply, Car Man! I just may have some leverage, as of this weekend...

    A competing dealer has the same A8 like the one I ordered but with 2 less options (adaptive cruise and rear electric lumbar). I'll live. They are offering it for $1,750 above invoice. If the money factor and residual are the same based on 36/15 than this is a pretty sweet deal, yes?

    They don't know about my VW lease payoff, though. And I just may have some it rolled into the new lease.

    Sincerely,
    jmd23
  • jmd23jmd23 Posts: 13
    Car Man, couple more items to note:

    Livermore Audi
    - A8 SWB, black/amaretto
    - The dealer has $1k in deposit from me
    - MSRP 80,150 | Invoice 74,484 | TMV 79,654

    Carlsen Audi
    - Competing dealer A8 SWB, black/amaretto
    - MSRP 78,350 | Invoice 72,882 | TMV 77,871
    - Dealer quoted selling price at 1,750 above invoice = 74,632
  • jmd23jmd23 Posts: 13
    Car Man,

    Carlsen Audi is now saying the money factor for the A8 in December (36m/15k) is 0.0018.True?

    Thanks in advance,

    //J
  • You're very welcome, jmd23. Let me know if you have any other questions.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Ahhh, apparently you do. I should have scrolled down before posting :blush: . Sorry for the delay in my response, I have been away on vacation. Yes, the money factor that you were quoted is correct. Audi Financial Services' December buy rate lease money factor for a 36 month lease of an '06 A8 4.2 is .00180.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Carman, What are current rates and res ?

    what is markup on options?

    My car has arrived!
  • Hey smittyj. So your car has finally arrived. You must be excited. I know that I would be. Here is the latest lease info for you. If you were to lease a 2006 Audi A8L through Audi Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00185 and 57%, respectively. Again, this car's 10,000 miles per year residual value would be 1% higher.

    For information on the MSRP and invoice prices of this car's options, look it up in the following section of this site: Edmunds.com New Vehicle Pricing.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • georgev1georgev1 Posts: 14
    hello carman
    hope i'm not too late!
    just left a deposit on an A8L w/ premium etc. msrp $78,200
    cap cost $76,600 money factor .0019 24 mo. term
    21,000 miles / yr $7000 down
    $1181 per month plus tax for a total of $1278

    coulda had 36 mo. @ $1328 @ 22,500 per year
    i woulda been exposed on warranty and they claimed it was $2000 for the extended warranty so i went down to 24 month.
    it seems like it shoulda been a bigger difference since the residual was upto around 64%
    did i get hosed?
    george
    i'll be grateful for any input as i am supposed to do the deal tomorrow
«1345678
Sign In or Register to comment.