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Audi A6 Lease Questions

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  • anvillanvill Posts: 2
    Hi,

    I have an expiring lease on an A6, with residual value of $26,007. I have 42,000 miles on it, which is 10,000 over the allowed lease mileage, and a damaged side mirror that the dealer says costs $1,000 to repair. An thinking about leasing/buying a new A4, but I could also just buy the A6. The dealer says he'll take the A6 back for a $1,000 charge. Is this reasonable, or should I get a better deal given the resale value?
  • almattialmatti Posts: 164
    Car_man, are you sure that you convert a Money Factor by DIVIDING the money factor by 2400 to convert the money factor to an annual interest rate? That doesn't seem to make sense? i. e. money factor last month for an Infiniti was .00039 ; divide that by 2400= .0000001625 ??
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,979
    Multiply the MF by 2400 to get the approximately equivalent APR.

    Divide the APR by 2400 to get the approximately equivalent MF.

    Moderator - Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Great questions, jam550. I'd say that the number one most important number to know when negotiating a lease (other than the ultimate monthly payment) is the vehicle's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price it is more difficult to tell how large a dealer discount you are being given and in turn if there's any room left to negotiate. You should definitely negotiate as low a selling price as possible and then have the dealer use that figure to calculate your monthly payment.

    The money factor is probably the next most important number to find out. This is because dealers often have the authority to mark vehicles' money factors up to add additional, hidden back-end profit to deals. The selling price for your vehicle could look great, but the dealer might be hiding hundreds of dollars in extra profit in a marked up money factor. Audi Financial Services' April buy rate lease money factor for a 36-month lease of a 2013 A6 2.0 Premium quattro is .00107 for consumers who qualify for its top credit tier.

    Good luck in your quest for a new A6, jam550. Let us know if you have any other questions.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi anvill. I am not intimately familiar with Audi's lease-end process, but I do know that many automakers will waive damage or excess mileage charges for lessees who agree to lease a new vehicle. For instance, Honda will waive up to $1,500 in damage, Nissan will waive $500, etc... Shop around and ask dealers about Audi Financial Services' policy on this matter. You may be able to get out of this car for less than $1,000.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited April 2013
    Good catch. I meant multiply. That would be one sweet interest rate though :D.

    Car_man
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  • Dear Carman

    I am being offered the following...

    Audi A6 2.0 T Quattro Premium Plus with a few options
    52,900

    2000 total out of pocket
    They are paying my remaining lease of 2500
    12k miles per year
    36 months

    700/mo including tax

    Should I pull the trigger?
  • 4apex4apex Posts: 2
    That sounds like a good deal to me. Certainly much better than what I'm being offered.

    Can you tell me what the money factor was that you were given, and what the residual is?

    Thanks!
  • 4apex4apex Posts: 2
    Hi Carman,

    can you please give me April's Lease rates for the following;

    2013 Audi A6 2.0t Quattro Premium Plus

    15k miles/year

    36 month and 42 month terms?

    Thanks in advance!!
  • Sorry 4apex - The only info I have is that I think the residual was 52%, but I am not sure.
  • almattialmatti Posts: 164
    Offered for a A-6 3.0T Quattro with premium plus :

    15k miles per year, no $$$$ down, TTL OTD for $3500 -@729.00 per mo. 42 months.

    My question is for a 42 month lease, you pay all of the depreciation in your monthly payments. Another dealer has the same car selling price for $50K - 39 months with a $24k buy price - that's 50% residual. Don't know the money rate - mo @$719.00.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi 4apex. Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 A6 2.0T Premium Plus quattro with 15,000 miles per year are .00107 and 52% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 42-month lease are .00127 and 48%.

    Car_man
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  • kwkolmerkwkolmer Posts: 1
    edited May 2013
    Car Man,
    Is this a good price for a 36 month lease of a 2013 A6 2.0 quattro premium plus, moonlight blue, cold weather package, audi assist, 15k miles

    MSRP: 51215
    Cap Cost: 49470 (Car: $48650 + $820 audi care)
    Cap reduction: 1500 for audi loyalty program
    Money Factor: 0.00127
    Residual: 53% $27143.95
    Payment: $734.55 (payment: 673.90 tax 60.65)

    Do i have any room to negotiate?
  • jimsnapsjimsnaps Posts: 10
    So I'd like to lease an a6 prestige, here is the exact car speced out:

    http://configurator.audiusa.com/acc/deep.do?c=aoa&l=eng&mkey=summary&cid=A6-2013- &mid=50710-4G251A%2F0%2FGWPTWPT-2013&pids=MSAB4X4%3BF56+++++FZ%3BMSSR3Y5%3BFZ-N1- F-Q1A%3BGPX2PX2%3BGPAWPAW%3BGPQJPQJ%3BF14+T9T9%3BGWPDWPD

    The MSRP is 68,545

    For starters, what's a reasonable sales price for this vehicle?

    Then, with that being said does anyone know the residual and other lease numbers I'd need to 'calculate' the basics of what I need to get a ballpark for the monthly payment?

    I know I still need the miles, cap cost and all of that but if someone knows the residual and money factor I should be able to put this all together.

    Sweet, looking forward to it!
  • hilltop3hilltop3 Posts: 30
    Hi Carman!
    Your forums have helped me tremendously with the leasing of our soon-to-arrive A6, and an MKX. Thank you for hosting all of these very informative discussions.

    My current inquiry...
    In March I ordered a 3.0 Quattro Prestige, and the dealership had rate protected the MF and RV (.00157/48%) for worst case. I am keeping my fingers crossed the rates have gotten better. My car is apparently arriving either at the end of May or 1st week of June. Would you please tell me the May lease rates based on 42 mos and 10K?

    Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi kwkolmer. Let's take a look at this deal. The money factor that you were quoted is a little high. Audi Financial Services' current buy rate for a 36-month lease of this model is .00107. Try to get the dealer to use the buy rate to calculate your car's payment.

    This model probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. That probably puts the selling price that you were quoted at around $1,750 or so over invoice. If you are in an area that has a decent level of competition, I suspect that you will be able to do better than that by shopping around.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome hilltop3. I'm glad that we have been able to help you out.

    Audi Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 A6 3.0 Prestige quattro with 10,000 miles per year are .00119 and 46% for consumers who qualify for its top credit tier.

    Car_man
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  • hilltop3hilltop3 Posts: 30
    Hi Carman,
    I appreciate all information you post, however I need the May buy rates for 42 mos and 10K. You had provided me 36 mos. Looking back to the rates in March, the MF looks like it has apparently gone down, as well as the RV. Anxious to get the 42 mos numbers to really compare, so when you have a chance....

    Again, thanks!
  • macbjgmacbjg Posts: 11
    I am looking to replace my A6 with a Premium Plus with 15k/year. My broker tells me the residual and money factor just changed. Please post. Also, do you know Audi's present program for buy down of the mf with MSD's? Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Good point hilltop3. I'm so used to people asking for 36-month data that I wrote that's what that was in my previous post, but those actually were the 42-month, 10,000 mile per year numbers. Sorry for the confusion.

    Car_man
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This discussion has been closed.