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Audi A6 Lease Questions

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  • Hi traderb. The A6 is the only 2008 model that Audi is still providing lease support on. Audi has decent money factors on it. The problem is that its residual values are terrible. If you were to lease a 2008 Audi A6 3.2 Sedan with quattro through Audi Financial Services right now for 36 months with 10,000 miles per year its buy rate lease money factor and residual value should be .00059 and 47%, respectively.

    Car_man
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  • rjlaerorjlaero Posts: 659
    08 models are already a year old, so after a 3 year lease, you have 4 years of depreciation. most luxury cars are lucky to hold 50% of their msrp after 4 years time.

    there's nothing horrible about the 47% residual...it's just being realistic on Audi's part

    Audi dropped the msrp by almost 5 grand on all A6 over the last 60 days and re-issued msrp stickers. So the same A6 that was 53k in March, is now 48k.
  • Hi car_man,

    Looking for the MF and residuals for 10kmiles/year on the 2008 (yes, 08, not 09) Audi A6 3.2 for 36 months. Thanks!
  • Hey twodomes. Audi extended its October lease program through November 11th. Until then, Audi Financial Services' buy rate lease money factor and residual value for a 2008 A6 3.2 Sedan with quattro and 10,000 miles per year are .00059 and 47%, respectively. When negotiating your lease on this car, make sure to take advantage of the $2,500 cash incentive that is available on it right now.

    Car_man
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  • $2500 customer cash rebate - MF .000590 - Residual 44% - Adjusted selling price
    $41,799 - free Audi car care (-$690)
    36 month lease = $603.16.

    This would be my 3rd Audi from this dealership. I walked on this deal because the 2005 A6 I'm just coming out of has the tech package of that time (Home link + advanced key+etc). When I asked the salesman to get me the car with the tech package at the same price he said I'd have to pay around $650 per month or put around $3500 down. Anyway he called me tonight and said don't do anything because he my have a manufacturer's deal coming out in the next couple of days.

    Has anyone heard about any new incentives in November?
  • thbellthbell Posts: 15
    Car Man: Hi. My Audi 2006 A6 3.2 Quattro (with premium package, sunroof package and premium leather) is going off lease next June, at which time it will have been driven only about 15,000 miles in total. When I leased the car, I paid for 12,000 miles per year on a 3 year lease, or 36,000 miles in total, so I have driven the car much less than I expected and much less than I have paid for. The car will have a purchase price of approximately $26,500. The car is in excellent condition, having been used basically for highway driving to a weekend home, so I suspect that the car may be worth more than the price at which I can purchase it. On the other hand, I am not interested in owning the car, and instead I would like to lease a new 2009 A8L. Do you think there is any resale value to the car above its purchase price? If so, what do you think would be the best strategy to realize on that value? Many thanks.
  • Hi 3fromtheedge. Audi is still providing the $2,500 cash incentive on leases of the 2008 A6 with its new November program, but this car's money factor increased slightly to .00081. On the bright side, Audi is now waiving the first month's payment and security deposit for free on the '08 A6 so that makes up for the difference...but I doubt that this program will have a lower monthly payment than the one that it replaced.

    Car_man
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  • Hi thbell. It is difficult to say whether your A6 will be worth more than its purchase option price when your lease is up in June. While it certainly will be well under its mileage limit, the way that used vehicle prices have been plummeting it may not be. The vast majority of manufacturers' lease programs have overestimated vehicles' residual values compared to what they are worth on the open market right now.

    You should be able to get a good idea of how much your car is worth by stopping by the following sections of Edmunds.com a month or two before the scheduled end of your lease: Edmunds.com True Market Value in the Used Vehicle Pricing section of this site and the "Real-World Trade-In Values" discussion.

    You even can place a call to Audi Financial Services a month or two before your lease ends to see if the would be willing to negotiate your car's purchase price even lower. More often than not banks won't, but they do occasionally so it's worth a shot. Whatever you do, don't tell them how low your mileage is when you call.

    Good luck and let us know how everything turns out.

    Car_man
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  • thbellthbell Posts: 15
    Car Man: thanks for the advice!
  • Does anyone (esp. Car_Man) have thoughts on this program that's offered when you buy or lease a new audi? I was quoted a price of $850, which covers up to $5K of damage, with any one line item allowed to be no more than $1K. It's sold thru a company called America Auto Guardian, which supposedly has an agreement with Audi. Salesman said you just get the end lease inspection, send the invoice to AAG, and they take care of the damages.

    I just had my inspection on a 2 year audi lease and got hit with $1370 in charges for scratched rims and a few scratches and dents on the car. Found a body shop to do the repairs for $1100, but that's still more than it would have cost me if I'd had the coverage. I'm now going into a 3 year lease so it seems worth it to pay the insurance upfront when I know it'll probably get scratched and dinged again, and knowing now how nitpicky Audi is on the charges.

    Salesman also said I could tint the windows and then not get charged for it when I turn the car as Audi considers that excess wear and tear so it'd be covered (as long as total cost to remove that modification is less than $1K)..
  • Just signed on a 2008 Audi A6 3.2 CVT w/ premium, nav, ipod, homelink, s line exterior. 36 months/ 10k miles per year. MSRP was around $44215 (after $5150 enhancement credit-- original MSRP was $49365).

    Selling price before rebates was a little under $35000. But I added $650 Audicare (which raised residual by 1%) and the $845 excess wear and tear protection.

    $1540 total driveoff including first months payment. I qualified for the $1500 Loyalty bonus which helped make it such a good deal, and Audi technically picked up my first month's payment.

    $443/month including taxes.

    Car is Silver metallic on gray. Had to be ordered from another dealer bc there are so few left that fit my specs (Salesman went out of his way to find one to make the deal happen). If you want a black one or quattro, there are still a lot of these available.

    Best dealership in CA that made it a fun experience: Santa Monica Audi. One salesman in particular made everything happen and was extremely straightforward and helpful. Message me for his name and he will hook you up.

    They also realized they had miscalculated the residual in my favor by 1%, but they ate the cost so my deal stayed the same. That alone should tell you something about why I think so highly of this salesperson and dealership.

    Massive thanks to CAR_MAN and members of this forum who helped along the way!
  • CLRYCLRY Posts: 1
    twodomes
    thanks for information. could you let me know salesman infomation?
  • Sure. Send an email to me at twodomesatyahoo.com (replace 'at' with '@') as this forum does not permit posting individual salesmen's names and I will give you his name.
  • You're very welcome, thbell.

    Car_man
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  • Hi twodomes. I personally always on excess wear and tear protection, but from your past experience with a leased Audi I can see why you would want it. $850 is a lot less than $1,100.

    Unfortunately, I am not familiar with the company America Auto Guardian. You might want to ask the dealer for more information about them or google them. Lots of companies are probably going to go bankrupt in 2008. It would be annoying to purchase a policy from one of them and be left with a worthless $850 piece of paper.

    Car_man
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  • Congratulations on getting your new A6, twodomes! The A6 is a sweet car for less than $450 per month. All of your research paid off. Thanks for taking the time to let us all know how everything turned out. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your dealer experience as well. Enjoy your new ride :shades: !

    Car_man
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  • Wow, this forum is a great resource! I am trying to, like so many of you, figure where I am with my deal. Presently, I am looking at a 2008 A6 Q 3.2 for a lease. Car includes premium package, iPod interface, Milano leather, navigation.
    10k miles; 2950.00 down (includes taxes); 569/mo. I still am not moved to make the deal. If anyone has some guidance or thoughts I would love to hear it. Thanks.
  • Hi Car Man,

    Would you please advise MF and residual for 3 yr, 15k/yr:

    2008 A6 3.2 quattro
    2009 Q7 3.6

    Also, is there dealer or other lease cash or incentives available?

    Thanks.
  • Here you go, chrish11. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 A6 3.2 quattro Sedan with 15,000 miles per year are .00081 and 43%, respectively.

    The numbers for an otherwise identical lease of a 2009 Q7 are .00026 and 43%.

    Audi is currently waiving the first month's payment and security deposit on leases of both of these vehicles. Also, make sure to take advantage of the $2,500 cash incentive that is available on A6 leases.

    Car_man
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  • dt78dt78 Posts: 5
    Twodomes

    Can you email me the name of the saleman at Santa Monica Audi, I live in West LA and would be interested in an A6 similar to what you leased. My email is dterian at gmail.

    Many thanks.
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