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Audi A6 Lease Questions

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Comments

  • jpdcjpdc Posts: 17
    I think you're talking about the Premium Purchase program -- which is what I opted for in 2004. It's definitely a good option, and works very much like a lease, but you have to run the numbers.

    For instance, I'm paying 1/2 % interest, virtually nothing and just a tiny fraction above the subsidized rate that was available for leases at the time. So there wasn't any advantage one way or the other. The tax was a bit higher because I had to pay the whole sales tax at the front end (albeit rolled into my cap cost) rather than the lease tax payment, which is paid in installments as you make monthly lease payments and only applies to the portion of the car's value that you "use" (about half over the life of the lease). But I didn't have to pay any of the lease fees (acquisition and disposition fees). I'm actually in the process of turning in the car, and it's working just like a lease would -- with one added benefit. Audi is willing to finance my balloon payment at my existing subsidized interest rate. And that's way below market. It's even below the subsidized rate on certified used Audis.

    When I ran the numbers, this program came out marginally cheaper, so I went for it and have no regrets. But I don't see any reason to do it unless it's cheaper.

    Right now, the lease money factor on an A6 3.2 is less than 1%. I don't believe the 4.2 has a similar subsidy, so it sounds like you're getting pretty straight information.
  • srynsryn Posts: 27
    Thanks. Further, being in Texas, the sales/use tax factor doesn't apply. In Texas, you pay sales tax on the full capitalized cost/purchase price regardless of whether you lease or buy. As you alluded, when it comes to leasing, most states only have you paying a use tax on the amount of your monthly payment (rent).
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi colonote. The formula that is used to calculate lease payments is outlined in the following informative Edmunds.com article: Calculate Your Own Lease Payment.

    Car_man
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  • jpdcjpdc Posts: 17
    Does anyone know the details of the current A6 lease program? It looks like the money factor is still .00018. And by my calculation from the numbers in the Audi ad, the residual is 48% for 10,000 miles. Anyone have different information?

    Also, I can't figure out what kind of cash Audi is offering. Is the $2,500 still in play?

    Thanks.
  • gjsctcgjsctc Posts: 9
    Not sure if you should wiat but i would guess they wil contunue the incentives since the new 09 will be out in December and they are still taking orders for the 08.
  • colonotecolonote Posts: 7
    Just took delivery of my leased A6 Quattro. My process: Got the Audi lease deal info from Audi website; got the lease input numbers (money factor, residual and incentives) from this forum; called the fleet/internet managers of 4 dealers and let them know I owned 2 prior A6s, was a serious buyer and wanted a cap cost based on +/- Invoice, not MSRP. I didn't discuss options or color, since the successful dealer may have to trade with another dealer for the A6 I wanted -- and that dealer won't let go of the car if he knew it matched my preferences.
    One only wanted to talk discount off MSRP- so he's done. Without negotiation, one offered $500 under invoice, another $1,200 under and the third $2,000 under -- which would have given the dealership $500 profit + holdback, with no tire kicking. So I went with that dealer. He had to trade another dealer for the car I wanted.
    For my own education, I asked the manager to compare my lease rate with the Audi promo lease deal. Turns out that, after adding options to the Audi promo car to match mine, my negotiated deal was only about $10-15/month cheaper than the Audi promo deal, with same equipment. The manager told me that's because Audi requires the dealer to take a profit cut on the promo lease deal.
    So if you don't want to bother with 30 minutes of comparison calls just tell the dealer you want the Audi lease promo deal (ends July 1). Three caveats:
    - Per the website, all dealers do not participate in that lease deal;
    -The promo deal is a "basic" A6 Quattro, and not too many dealers order a basic Quattro, so there'll probably be additional options on the available cars. You should try to get the options at Invoice, not MSRP. And color selection may be limited.
    Hope this helps and thanks for this forum.
    PS: Homelink can now be ordered separate from the expensive package.
  • hipohipo Posts: 4
    ytka98, your cap cost is significantly lower than invoice minus all the incentives. Can you please tell which dealer you used?

    Tnx
  • mishmash1mishmash1 Posts: 16
    I believe that car was not a quattro look at the msrp.
  • hipohipo Posts: 4
    Car_man & Kyfdx,
    I'm getting mixed messages regarding the June residuals for Audi A6. Do you know the numbers for 3yrs/30k miles, 3yrs/36k miles and 3yrs/45k miles?

    I was able to confirm the $2500 incentive and 0.43% MF.

    Thanks!
  • jpdcjpdc Posts: 17
    In 2004, when I "bought" my A6, the dealership convinced me to buy with a balloon note rather than lease. The numbers worked out slightly better. I had to pay the whole sales tax up front, but I avoided the acquisition and turn in fees. At the time, Audi had a highly subsidized finance rate, and I was able to get it either way.

    I'm on the verge of replacing the car, and I'm wondering if that's still true. Does anyone know if Audi is offering comparable incentives on the premium purchase to those it's offering on the lease?

    I case anyone wonders why I prefer the premium purchase, there is one big advantage to the program (which apparently isn't available everywhere). If you want to buy the car at the end of the term, Audi will extend the subsidized financing to cover the balloon note. At current rates (less than 1%) that's a great option to have.

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, jpdc. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 A6 Sedan 3.2 with quattro and 10,000 miles per year are .00018 and 48%, respectively. Audi is still providing a $2,500 loyalty cash incentive on leases of this car to current owners and lessees. It is also waiving the first month's lease payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Congratulations on getting such a good deal on your new A6, colonote (which is a really nice car btw). Thanks for taking the time to give back and share the details of your lease with everyone. Make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride :shades: .

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi hipo. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 A6 3.2 Sedan with quattro and 15,000 miles per year are .00018 and 45%, respectively. The residual value for a lease with 12,000 miles per year would be 2% higher. The 10k residual value would be 3% higher.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • liferulesliferules Posts: 531
    I am a USAA member so I get the car at 1000 under invoice plus any incentives.

    I'm also a USAA member but don't understand what that has to do with getting the car $1000 under invoice. Can you explain? I'd love to get in on that deal...
  • kirby2010kirby2010 Posts: 136
    Good information here but I still have a question. I'm looking at an '08 A6 with premium and nav. Sticker is a bit over $54K. I will likely trade my '01 2.7T w/6-speed. (I really like this car - it's been maintained religiously and always garaged.) Anyway, I was on-line looking and the trade in is about $8,800. If I go with 12,000 miles what can I expect for a monthly payment?
  • adikaadika Posts: 6
    Audi A6 3.2 quatro
    Audi car care
    Ipod
    Premium package
    15 K
    36 months
    Refundable security deposit: $0
    Acquisition fee: capitalized within lease contract ($575)
    First month's payment: $0
    Taxes, title and dealer fees:2900.00
    Monthly payment:590.00
    Exterior Color: Black
    Interior Color: Silver
    The best experience ever- Dealership : Paul Miller in Parsipany,NJ
    Name of salesman: contact me via e-mail :blush:
  • carriestycarriesty Posts: 1
    Currently have an Audi A4 2.0. My lease is due in September. I was in the dealership yesterday to see if my boys car seats would fit in the back seat of the Audi A6. They did! I ended up with the show room Audi A6. This is what I got:
    Not sure if it is a good deal.

    Audi A6 3.2 with Prem package, DVD Navi system, Milano Leather, IPod, Lojack, paint warranty and Audi Care.

    MSRP: $51,065
    Invoice: $47,556
    Cap cost: $45,249
    3 years
    10 K
    Down: $4419
    Monthly payment: $508 (+ CA tax)
    Residual: 48%
    Money Factor quoted at .00018
    They paid off the remainder of my Audi A4 lease

    Did I get an okay deal? I was planning on taking the Audi A6 summer lease at %599, no money down, but it did not come with all the bells and whistles like the one I currently have. It is a beautiful car.
  • sf415sf415 Posts: 1
    hello-

    newbie here looking to get some advice or thoughts on an audi i'm thinking of leasing. stopped by the dealer to look into leasing an audi a6 quattro. this is the car:

    audi a6 3.2 quattro
    cold weather package
    premium package
    technology package
    navigation
    ipod
    lane assist
    sports suspension
    automatic sunshades

    MSRP 57,965
    invoice 54,400
    price before conquest/loyalty incentive 55,732
    price after ccnquest/loyalty incentive 53,232
    price that i was quoted is $843 per month for 36 months (first month is paid by Audi) - this includes CA sales tax already)

    terms of lease:
    36 mos
    10,000 miles per year
    residual 48%
    rate 0.00068 (i see a lot of 0.00018 posted, and asked about that, but the sales person said that since i was getting the $2500 conquest/loyalty incentive from audi finacial, i couldn't get that rate)
    no down payment, first month payment is paid by Audi (audi summer sales event that ends july 2, 2008)

    the dealer also told me that if i add audi cares, it would only be $3 extra per month (is that true?)

    does this sound about right, or do i just have a "naive" sticker plastered across my forehead?

    any feedback would be great!! thanks in advance!
  • wtywty Posts: 4
    Adika,

    How do I reach you by email?
  • crmgrcrmgr Posts: 6
    The loyalty incentive and money factor are not tied together. Dealer can bump rate for a back-end fee.

    Just came off of an A6 lease and priced a new A6. Most of the equipment you ordered with a few variations. MSRP was $57,165.00 with invoice of $53,648.00. With loyalty incentive and adding Audi Care cap cost came to $52,298. Financing the bank fee and dealer doc fee brought it to $53,123.00. Money factor was .00018 and payment without tax came to $759.49 and with tax $807.37. This was for a 36 month 15,000 mile a year lease. Adding Audi Care to the cap cost adds 1% to the residual, so it's pretty much a wash on anything over $53,000.00.

    You may want to price the same auto at another dealer and see what they come up with on the financing end.
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