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Audi TT 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 TT. Thanks.

Car_man
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  • max19max19 Posts: 22
    msrp of 40720 2005 Audi TT 1.8T 225 HP.

    I will like to know how much is the money factor, and residual for a 48 month lease.

    If you can throw in a estimated payment will be great.

    Thanks Car Man
  • Here is the information that you are looking for max19. If you were to lease a 2005 Audi TT 1.8T 225 HP coupe through Audi Financial Services right now for 48 months with 15,000 miles per year, its buy rate lease money factor and residual value should be a horrendous .00305 and 38%, respectively. As you can see, this is not a very good time to lease this car. You would be better off financing it. When you negotiate your deal, make sure to take the $1,500 dealer cash that is available on '05 TTs into account.

    Car_man
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  • lbh2315lbh2315 Posts: 6
    Well I guess I will be the first to list my deal on the NEW TT Roadster! Here is my deal, CarMan (an others), please comment when you have some time.

    2008 Audi TT Roadster 2.0 TFSI
    Brilliant Black with Limestone Gray Leather/Alcantara
    Premium Package
    Bose Surround Sound
    Audi Navigation Plus
    Bi-xenon adaptive headlights
    18 inch 7 arm alloy wheels with Z rated tires
    Bluetooth cell phone prep

    MSRP with destination = $45,570
    Agreed sale price = $43,776 (4% off MSRP)
    Residual = 57%
    Term = 36 months
    Mileage: 12K/year
    Money Factor = .00240 (didn't think a car this new and this hot would have a very good money factor - and it didn't, although not horrible, i.e. Porsche)

    Drive off is $3K, which includes $700 to the state of Arizona for plates and gov't fees, $575 for acquisition fee, $388 for doc fee and $1337 cap cost reduction.

    Total monthly is $696/mo.

    Any advice. Great deal? I think not. Bad deal? I think not. I look at it as being the best I could do under the circumstances. The new TT roadster is not even out yet, waiting lists exist and the car has been getting rave reviews - so I was surprised to finally find a dealer who would give me 4% off - most told me 1% off tops! So, why do I feel like it is not a good deal???? Thanks in advance for any advice or suggestions from anyone......
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on your new Audi TT, lbh2315. I've always liked this car and the 2008 model is even better than the previous generation was. The '08 TT roadster is supposedly more rigid than the old coupe was.

    It looks like the dealer that you got your TT from marked up its money factor a little bit to add additional profit to your deal. Audi Financial Services' March buy rate lease money factor for a 36 month lease of an '08 TT 2.0T roadster is only .00190 (.00015 higher with the security deposit waived). Having said this, the $1,800 discount that you were quoted seems pretty reasonable for a redesigned model that was just introduced. Overall, I'd say that this isn't a bad deal for such a new car.

    Car_man
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  • nyaudimenyaudime Posts: 8
    What are the money factor and residual rates for a 24 month lease with 10K and also with 12K miles for the 2008 TT? Thanks.
  • wvbobwvbob Posts: 13
    Car_Man
    So far this year I have attacked the same Dealer for a '07 Jetta Wolfsburg, '07 Passat Wolfsburg both for my daughter's Now Dad is interested in leasing a '08 TT.
    What are the MF and RV's for 36/48/60 months, 10k miles. If numbers crunch correct I'm taking the chain saw to the dealer and cut a deal! My interest's align with the 2.0T w premimum pkg/heated seats/AUTO/xeon lights/power roof. I guess I must be getting soft in my older years! Any suggestions for options or approaches to reduce the cost's. I feel I hammered the dealer fairly well for the two VW's, based on what I have read in the respective forums. Not certain he'll move as far this time of year and this vehicle!
  • driver27driver27 Posts: 1
    Greetings. I am new to this site and to the leasing process. I have always bought cars for cash. I am going to try to lease a new Audi TT (not sure whether it will be a convertible or a coupe). I would appreciate any advice on the specifics of lease terms that may be available for the new TT. I live in the Washington DC area and have some flexibility as to where I purchase the car. Depending on the lease terms, I might prefer to buy the vehicle, so any advice on what kind of a purchase deal I could get would also be appreciated. I would imagine that Audi would like to get some of these cars out on the road, and that with the end of the month coming up there might be some flexiblilty on price. Thanks in advance for any help.
  • av8trisav8tris Posts: 1
    I am interested in leasing or the premium ownership program on an A4 3.0 conv with heated sports seats, blue tooth, nav, and thats it. What have been your purchasing experiences with the lease for premium ownership? How much have the dealers been neg?
  • IBH,
    You did not do badly on your lease... I got a similar option package without Nav and Bluetooth, but got the Sirius radio and baseball optic stitching, so our bottom lines are similar. Mine, very quickly, is $4,000 down for inceptions and cost cap... $660 per month on a 24-month lease. I thought it was a little high, but it compared favorably to my 2003 Jaguar S-Type.
    The money factors are not as good as when we leased my wife's 2006 A6, and I guess there is a premium to be paid to be one of the first to have the automobile.
    I ordered the car on May 1st and my salesman says I should have it early to mid-July. From what you heard about waiting lists, does that sound reasonable? As you did, I also got $1,800 off of sticker... about 4%.
    In south Florida it is difficult to get a deal on any newly released car. You certainly pay a premium to be the first on your block, but with this shape and performance, I think it's worth it.
    Best of luck with your vehicle and many safe and exciting miles.
    Elliott
    :shades: ;) ;) :shades:
  • All prospective purchasers: Please note that the $1,000 Bose system is not a surround sound system on the TT. I tried it out on the showroom floor and one writer said it needed a little more bass, which I do agree with, so I plan on doing a little upgrading of the system with a sub-woofer and possibly a couple of nice Polk Audio rounds in the kick panels.

    The Bose radio does come with the Audiopilot, which monitors ambient noise in the cockpit and compensates with more volume when there is more noise intruding in the cockpit.

    Also, the system is rated at 255 watts and I believe it has 11 speakers.

    ;) ;) :shades: ;) ;)
  • bmwt23bmwt23 Posts: 1
    Im currently trying to decide Whats better to either lease or buy the car. Typically I hate the fact of buying because I have bought a new car every 1-2 years. But In the long run is it better ot hold on or finance the Audi TT ? basicall i wanna know a comparison with OTD prices thanks in advance
  • BMWT23, I may be the wrong guy to ask this question to. Since I have an investment fund that generates a good return, I never take out principal from it, so I definitely always lease. I also try to put down the least money for inceptions, and sometimes roll that into the leasing number.

    Also, the $45,000 sticker price would make me shudder a bit if I had to come up with it to own the car. I would suggest you ask your accountant the question and see what he says.

    This time I am leasing for 24 months, being that the automotive industry is changing their models to more modern offerings with sleeker body styles and high-performance and technology at the forefront.

    Whatever your final choice, good luck and many happy and safe miles ahead.

    :shades: ;) :shades:
  • it sounds like you got a pretty decent deal. i have a 2003 audi tt coupe with a lease expiring august 2007. im interested in leasing a 2008 tt 3.2...since it is more or less custom made, did you feel like you had much leverage to negotiate? i am not sure how to approach bargaining in this scenario as i am also pretty specific as to what i want. any advice would be much appreciated!
  • Make sure the dealership takes at least 1800-2000 off of the MSRP, and bases the lease on the number you come up with. I am paying a fairly high monthly number...$660 + 4000 down... but I am waiting for a used R8 down the road a bit. I am going against my usual strategy in leasing and putting more down than I normally do. But lately I have been getting bored with my cars sooner than normal.... maybe it's my age... 57.

    It is also a fact that Audi is hitting record numbers of sales with their cars now, so maybe that will be impetus for the salesmen and dealerships to make some good deals, so as to keep them on a roll. Good luck, and keep me possted.
  • Audi's website has this deal link


    2008 TT Coupe 2.0T
    $429 per month
    36-month lease*
    ---------------------------------------------------
    Down payment $2,500
    Security deposit $450
    Acquisition fee $575
    First month payment $429
    ---------------------------------------------------
    Amount due at lease inception $3,954

    Excludes taxes, title and dealer fees. See dealer for details.

    *36-month closed-end leases Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end. Rate based on $37,725 MSRP of 2008 TT Coupe 2.0T, Auto S tronic FWD, Premium Package, Destination charge. Purchase option at lease end for $22,257.75. See dealer for details.
    ">link title
    Is this a good deal?
  • lpulpu Posts: 1
    Hmmm.... I spoke to a dealership.
    For this deal, each $1,000 of options would add $30 to the month payment and $$$ for 15 miles, and tax & fees would push it to over $600.
  • kenmorekenmore Posts: 5
    audi 3.2 TT Quattro
    alcantara
    bixenon
    ipod
    bluetooth
    18" 10 spoke rims
    6MT

    MSRP: 44575
    Offered Sale Price: 43000

    Lease:
    No money down.
    2205 for fees
    730.88/mo x 36 months

    this comes to total of 26,311
    depreciation = 21,396

    difference= 26,311-21,396 = 4915
    subtract tax from the difference: 4915-1315= 3599

    So the dealer makes 3599 off this lease. they tell me invoice is 41K so if i bought the car, they would profit 2000. by leasing they make 1599 more over the 3 years.

    is this a good deal?
  • kyfdxkyfdx Posts: 31,103
    The extra $3599 in your calculation is finance charges.. The equivalent of interest on a car loan. That is revenue to the finance company to compensate them for providing the money to buy the car from the dealership.

    The dealership might get a small commission for selling the lease for the leasing company, but that is no different than if they provided bank financing.

    That $3599 isn't profit for the dealership.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Last night - drove off a red TT 2.0 Coupe (wife's choice) - in San Jose, CA - with the price below:
    MSRP - $43675 (incl. destination of $775)
    Invoice - $40673
    Price negotiated - $40173 ($500 under invoice)
    OPTIONS:
    AUDI MAGNETIC RIDE SUSPENSION
    AUDI PARKING SYSTEM - REAR PARKTRONIC
    BLUETOOTH PHONE PREP
    AUDIO PACKAGE
    AUDI DVD NAVIGATION PLUS W/ IPOD INTERFACE
    BI-XENON HEADLIGHTS
    PREMIUM PACKAGE

    Chose the audi 36 month lease offer with the cap cost starting at the above negotiated price:
    Total cash Paid - $4725
    (Cap down $2425 + Acq. fee + 1st month + lic. reg. etc.)
    Monthly lease of $500 (includes CA sales taxes of $38 :( )
    Includes - Audi care maintenance for full term of lease
    (The money factor is 0.00145 & residual value - $24895 57% of MSRP - for those who care about this)
    Bottomline for 3 years - total of all payments (including taxes, down payments & all) = $22566 That is a monthly rate of $626 (with only fuel to add :) )

    I felt I did okay on this - any opinions? Looking at the number of viewers on this forum, I don't expect many responses, but hope this helps someone who is looking into one.
  • It sounds like a great deal :shades: What is the annual mileage allowance for your lease?
  • I'm surprised there hasn't been more interest in the TT lease program- last post over a month ago?

    Carman or anyone else, can you please provide the residual and money factor for either the current October or November (if applicable at the time of response) program for a 24 and 36 month lease, each with 15k miles per year?

    Thanks a lot!
  • I just put a deposit down on a new Audit TT 3.2 Roadster fully loaded, nav system, enhanced interior with fine nappa leather, iPod interface, xenon lights, sports suspension,blue tooth, 18" wheels and more.

    The car will be available in a few days so I haven't signed any of the paperwork. I have been told that the monthly lease payment of 36 months with $2100 inception costs (includes first payment), 10000 miles will be $840. The price of the vehicle has been coded at $57,500, which again is fully, fully loaded. This is the only vehicle currently available in the color that I like and the options that I wanted. Granted, there are a couple of options in it that I could probably do away with.

    Does this sound right? Audi TTs should have a high residual value (57-58%) and the money factor should be at or below .0020 given the low interest rates in the market and my excellent credit score. Seems to me that they could probably bring it down another $40-$50 per month, at the very least.

    Thanks.
  • Hi

    Am looking at a lease on the 2008 TT 3.2 quattro coupe (6sp), 15K, 36 month with 18" wheels, Ipod interface and premium sound. Lease with only inception fees (including 1st month payment) due at signing - $1,651. Monthly payments are $625 including tax. Money factor is .00024. I believe it's about $1,700 below MSRP and Audi care inlcuded.

    Should I pull the trigger on this deal?

    Thanks!!!
  • Does anyone know the difference between the residual values for a TT coupe versus the roadster? I currently have the 1st generation roadster and would like to lease a 2008, but keeping my increase in my monthly payment is currently first and foremost (if the amount is significant). I purchased my first one, so leasing is new to me! Thanks for your input!
  • The residual value for the Roadster on a 3-year lease (and I just got one a week ago) is 53%, which sucks compared to the competition. I am used to having residual values of 58%+. I was shown the sheets by the dealer and noticed that Audi Financial has the highest at 53%. Banks, such as US Bank, has the residual value for the same vehicle between 51%-52%. The money factor is very low, though. I believe mine was about .0005 or 1.2% APR.
  • Does it have premium package, navigation system, bluetooth, magnetic suspension, enhanced fine nappa leather interior etc?

    It sounds like a decent offer. I just got a fully loaded (nothing else to add) Roadster 3.2 for $2100 due at signing. My payments is just under $900, including maintenance and a couple of other programs. The money factor you quoted seems high. My money factor was 0.0005 or 1.2% APR. The residual value, though, was horrible at 53%.
  • kperesskperess Posts: 29
    Have an opportunity to lease a 2.0 TT that has been used by the dealer as a loaner for TT owners. The car was put into service in April or June of 07, has 4,000 miles on it and will be sold/leased as a certified vehicle (don't know if it has been registered by the dealer though).

    My question is this -- when computing the residual my understanding is that part of the calculation includes the MSRP -- is this still the case for a car like this? The MSRP on this vehicle is $41450 (that includes delivery) but I may be able to get it for around $35000 (or less) -- should this amount ($35,000) be considered the MSRP and the one that the residual is calculated with? Resideual will probalby be 55% of the figure.

    BTW the details on the car are:

    2.0 premium TT S-tronic
    metallic paint
    blue tooth and IPOD
    upgraded sound
    upgraded wheels and run flat tires
    Bi-xenon

    I think that they will be using the current lease program to work the deal.

    Thanks, in advance for any advice.
  • dorkbranddorkbrand Posts: 6
    I'm going to be leasing a TT coupe with s line here in Southern California. I really can't decide between white or silver. If anyone has thoughts with reasons I would love to hear them.

    Also I will be going in this weekend to haggle the price down.

    I'm looking at this:

    S Line
    Premium Pkg
    Bluetooth
    Bose Premium Sound
    Sat Nav with iPod
    Xeon

    MSRP from dealer: $44,925.00

    Invoice according to Edmunds: $41,835

    What my lease will be: 36 months, 15K miles/yr, $3,000 down

    I would like the monthly payments to be around $450
    Is that reasonable? Too high, too low? What is a good
    asking price I should go in to the dealer with. As with
    anyone I'm looking for the best deal.

    note: according to audi's website the special lease deal:
    $399* lease per month for 36 months
    Now through July 2, 2008

    Down payment: $2,999
    Refundable security deposit: $400
    Acquisition fee: $575
    First month's payment: $399
    Amount due at lease inception: $4,373
    Excludes taxes, title and dealer fees
    10,000 miles/yr

    thanks!
  • tinttintinttin Posts: 4
    Does anyone have an idea what credit score range is acceptable to qualify for Audi's special leasing offers?
  • reality2reality2 Posts: 303
    Hi Dorkbrand,

    I am very curious about that lease deal. I am highly interested in leasing a TT Premium 2.0T exactly like the one you mention. In Ibis White as a matter of fact. My dealer has one but is quoting me $1900.00 down with $641.00 per month x 48 months at around $45,000. Seems high to me. Do you have any further info on that lease deal on TTs?
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