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Audi A8 Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,518
Hi everyone. Please use the following discussion to post any questions that you have about leasing an Audi A8. Thanks.

Car_man
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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.

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  • 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.

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  • 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.

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  • 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.

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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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!
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