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Audi A5 Lease Questions

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  • Thanks for the additional information latin0devildog. OK, according to my calculations, if you were to lease a 2013 Audi A5 Coupe Premium Plus with Nav that has an MSRP of $45,295 and a selling price of 42,939 ($750 over invoice) through Audi Financial Services right now for 36-months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $562, assuming that you qualify for its top credit tier.

    Car_man
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  • Bought 2013 A5 2.0TFSI premium, convenience pkg, heated seats, lighting package, metallic paint (monsoon). Down payment $4000, monthly $490 with tax included. 12K/mo. Just wish it had more power so I chipped it. If you think you'll ever want more power, save a year and get an S5, if you need a car until then just buy a used accord for 10K and sell it when u buy the S5.
  • nwsportsreportnwsportsreport Posts: 7
    edited September 2012
    Hello,

    After seeing some of the posts, I'm worried about the deal I recently received. Although nothing is set in stone, I reserved an A5 that is scheduled to ship in a few weeks. Here's the deal:

    2013 Coupe Premium Plus Brill. Black w/ Nav Pkg, Sport Pkg, Advanced Key, Bang & Olufsen,19" Summer Tires, Textile Mats, Exhaust Tips, First Aid Kit

    MSRP: $49,830
    Sell Price: $47,840
    Mileage: 15K/month
    Term: 36 months
    Residual: 56%
    Money Factor: 0.00172

    Total Monthly Payment (incl. 8.375% sales tax): $575
    Cap Cost Reduction: $5,200
    Gov't Fees: $450
    Tax on Cap Costs: $435
    Bank Fee: $695
    Doc Fee: $80
    Other Fees: $65
    Security Deposit: $0

    Total at Signing: $7,500

    I reserved the car with $1,500 down, so I will be bringing in $6,000 at signing. This still doesn't include AudiCare.

    Question: Is the money factor way too high? I was also told that the money factor is set by the bank and can't be negotiated. My credit is in the low 700's. I know the '13 A5's are hard to come by, especially in Cali, but I just wanted to see if I got a fair deal? Also, if I haven't signed a lease agreement, does this mean I can recoup the deposit if I can somehow find a better deal? I went to the dealership in late August, so this is probably based on August rates. I know it's only September 5th, but I can use the August rates as a proxy.
    Thank you.
  • I'll let car man respond about the money factor and all that but at first glance, your drive off is extremely high...i would question that right off the bat.

    take a look at my post #544...and also 616, 617, and 619 for what ended up being a good deal for someone who posted on this forum recently...and then go back to your dealer and negotiate. although the MSRP is a little different from my deal and the person in post 616, i think you can do better and i would try if i were you - it never hurts...

    good luck!
  • Thanks byrdgirlclone. I noticed that you and md9599 both posted deals you received for a 2012 model. Although it seems like you got a great deal for a 2012 model given that you got your deal in November 2011. md9599 also leased a 2012 model but got it towards the tail end of the model year, which I think is the only reason why he/she was able to get an A5 below invoice, correct?

    Also, based on my calculations, it appears that you both didn't have to put a security deposit or first month's payment upon signing? Otherwise, I'm just not understanding how you were able to get away with paying such a low amount at signing while getting your monthly payments down to around $600/month inclusive of Cali taxes. The Acquisition Fee is $695 and License/Registration/Gov't Fees are roughly around $400+, which I believe are non-negotiable?

    I calculated that I am paying $13.49 for every $100 financed through Audi Financial Services. Thus a $5,000 cap cost reduction equates to roughly -$67/month.

    Unfortunately, when I went in during the Summer of Audi event, they were not waving the first month's payment for an A5, just for the A4's. Therefore, I have to include my first month's payment at signing.

    Not trying to discredit you in any way. In fact, I think you got a great deal. I just want to make sure I'm using the correct figures when doing my calculations.

    My main concern is the money factor. The 2013's just came out, but a 0.00172 money factor seems awfully high compared the other people who have posted. And if anyone has been able to get a 2013 at <=$1,000 above invoice, please let me know.

    Thank you
  • aakkaakk Posts: 3
    edited September 2012
    nwsportsreport, are you in the bay area? If so, which dealer is it?

    If you have good credit score, your money factor is too high and residual value is too low. You should try another dealer.
  • Hi Car man,

    This forum is great, thanks for hosting. Wanted to get your thoughts, i leased a 2013 A5 coupe, premium plus, automatic, exhaust tips in moonlight blue metallic, zero down, 48 months, 10k miles, payment is $601 per month including tax and including Audi Care. How did I do?

    Thanks for the insight
  • Hi everyone,

    I love the 2013 A5, and planning to lease one. The model I am gonna lease is Audi A5 Premium White, plus the convenient package and LED Headlight. I went to the dealer and they gave me this offer:

    Vehicle Price: $42,485.00
    Sell Price:$39,422.96
    Sale Tax: 8.75%
    Out the Door Price: $43,341.82(including tax and DMV fees)

    Money Factor:0.00176
    Residual Value:$23,416.00

    For 42 months leasing(10K each year), they offer me $4000 drive off and $500(tax included) monthly payment.
    Do I get a good deal? Or is this deal fair enough?
    Please help asap, cuz Im gonna get the car this week!!
    Thanks everyone!!!
  • Hi Carman,

    I saw your email on the website leasing A5 and got a question for you, hope that you can help.

    I love the 2013 A5, and planning to lease one. The model I am gonna lease is Audi A5 Premium White, plus the convenient package and LED Headlight. I went to the dealer and they gave me this offer:

    Vehicle Price: $42,485.00
    Sell Price:$39,422.96
    Sale Tax: 8.75%
    Out the Door Price: $43,341.82(including tax and DMV fees)

    Money Factor:0.00176
    Residual Value:$23,416.00

    For 42 months leasing(10K each year), they offer me $4000 drive off and $500(tax included) monthly payment.
    Do I get a good deal? Or is this deal fair enough?
    Please help asap, cuz Im gonna get the car this week!!
    Thanks!!!

    Best Regards,
    Henry C.
  • Thanks socalaudiguy. It would be easier for me to evaluate this deal if you were able to provide us with this car's MSRP and dealer invoice price. Do you have those figures?

    Car_man
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  • Hi Henry. You certainly have an appropriate username...audia5_lover.

    The money factor that you were quoted for this car looks a little high. Audi Financial Services' September buy rate for a 2013 A5 Coupe is only .00141. Make sure that the dealer uses this car's buy rate to calculate your payment.

    Let's take a look at the selling price that you were offered. This car probably has a spread of around $2,700 between its full MSRP and its dealer invoice price, so the discount of $3,000 that you were quoted looks excellent to me...even when one takes the money factor mark-up into account.

    One other aspect of this deal that I would change is the amount due at lease signing. $4,000 is a lot of money to plunk down on a lease. If your vehicle is totaled in an accident or stolen and never recovered you could possibly lose part or all of that money. Even though it means that your monthly payment will be a little higher, it is much safer to go with a zero down lease.

    Car_man
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  • Thanks car man, the MSRP was $44,110, I dont have the dealer invoice price exactly from the dealership, but edmunds lists the invoice price as $41,086.
  • Thanks aakk, really appreciate your feedback. I actually am in the Bay Area. I looked at some of your previous posts and found that dealers are offering different MF at other dealerships. All the research I've done says that Money Factor and Lease Residual are basically non-negotiable. But based on your experience, I can see that this isn't true at all. Does anyone know what the September Money Factor rates are?

    Thanks again.
  • You're very welcome socalaudiguy. OK, so this car has a spread of around $3,000 between its MSRP and its dealer invoice price. If I assume a dealer discount of $1,500, I come up with a zero down, pre-tax monthly payment of around $541...probably closer to $550-something once Audi Care is added in. The payment that you were quoted, $600 per month, likely includes sales tax, so it's not outrageous.

    How much of a dealer discount are you being given on the selling price?

    Car_man
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  • Thanks Car man, yes the final price of $600 per month includes audi care and CA sales tax. The dealer discount was right around the 1200-1500 range, given that I leased the car in early July when it literally just hit the lot. Sounds like I got a decent deal?

    Was hoping for a GREAT deal, but given that its a new design from previous years and had just hit the market, that was probably unrealistic...
  • Got another quote from a dealer with a much lower money factor (0.00141). Unfortunately, I made a stupid mistake by leaving a $1K deposit at another dealership while the car is in transit. I have been researching whether my deposit is refundable and found that in the state of California, dealerships are not allowed to take a non-refundable deposit until the car is driven off the lot and even then, the buyer has 3 days to return it. I want to verify if this is true or not? Any thoughts? Thank you.
  • kyfdxkyfdx Posts: 27,901
    Not sure about the refundable deposit.. Is this a car from their allocation, coming from the manufacturer, or is it a car they are trading for, on your request?

    There is no 3-day right of recission on car purchases... once you sign the papers and drive it off the lot, it is yours.

    MODERATOR
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  • You're welcome socalaudiguy. Yes, I would say that this is a reasonable deal on an awesome car. Enjoy!

    Car_man
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  • Trying to lease a 2013 A5 Premium Plus. I was told by the dealer that the September money factor of 0.00141 was only good for current Audi owners...it was a loyalty program thing. The best he could do was .00156. (btw...my credit score is 700+)

    Anyone know if this is true or not?
  • Hi sublimegolf. What you were told is not entirely correct. The .00141 factor is available to all consumers, loyal or not. Having said that, as a non-returning customer you may have to pay a security deposit to get that factor that a loyal customer would have waived. AFS will waive its security deposit requirement in exchange for a .00015 money factor increase.

    Car_man
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  • Thanks for the quick response and clarifying....much appreciated
  • Hello, is leasing a 2013 Audi A5, premium plus with nav, zero down, 36 months for $550 good in California? the MSRP is 46,500. What about $600 a month?

    I calculated the average leasing price using the Edmunds equation, and I got ~$744 a month. However reading through forums and other places, I've seen it in the $500 range.
  • You're very welcome sublimegolf.

    Car_man
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  • Car_man

    What is the lease rate and residual for a 2013 A5 convertable 3 year 15k miles?

    Thanks

    Andy
  • Here's the information that you're looking for Andy. Audi financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2013 A5 Convertible Premium Plus quattro with 15,000 miles per year are .00107 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • Thanks Car_man
  • njandynjandy Posts: 10
    Car_man,

    Thanks for the 3 year 15k lease info. Can you also provide 20K miles for 2 and 3 year leases?

    Thanks

    Andy
  • You're very welcome njandy.

    Car_man
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  • Hey Andy. I believe that 15,000 miles per year is the highest mileage allowance that Audi Financial Services' publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. The last time I checked the cost of doing so was $0.15 per mile at signing and $0.25 per mile at lease-end.

    Car_man
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  • jess85jess85 Posts: 1
    edited October 2012
    I'm trying to nail down a great deal on a lease takeover asap...2011 or 2012 Audi A5 coupe, automatic, all the bells and whistles (navigation, keyless entry). Any suggestions on where to look? Minimal down, between $500-600/month? Or am I dreaming?
This discussion has been closed.