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2013 and Earlier Audi A3 Lease Questions
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I have a 2006 A3 on lease in New England. The lease expires next month. I would like to buy the car.
The residual is about $16k. I heard that dealers can buy it for $1k less than the residual. Audi currently has a "down to 0.9% APR on certified pre-owned cars" special advertised. This probably won't apply to the A3, but meh... this post is for someone to check my math. I can get bank/CU finance @ 5.99% APR. State tax is 7.5%.
It seems the math goes like this:
Car value: 16k
Tax: 1200
Cost to buyout lease = $17200.
If I finance with the bank/CU over 3 years, the payments are about $519, for a total of about $1500 in interest.
Which is where it gets interesting......
Say the dealer buys it for $15k and certifies it as a pre-owned car (extra warranty etc) and then sells it to me for $18455 incl tax (approx $2175 profit before tax, certification and warranty fees). At 0.9% APR, that works out to the SAME $519/month for 36 months.
So... the dealer gets money.... I get an extra warranty. Not sure if the leftover from the $2175 is going to be worth it to the dealer though ?
Thoughts/comments/etc ?
Anyone else have wholesale numbers?
Lava Grey
Convenience Package
Premium Package
Open Sky
Cold Weather Package
====================================
36mo/12K
MSRP: $34,600
Negotiated Price: $31,500
Money Factor: .00011 (Audi Financial)
Residual: 52%
Down Payment: $2100 (covers first payment, tags, audi care, dealer fee)
Monthly Payment: $390.21
Total Monthly: $429.23 INCLUDING tax
Think I did pretty well and the dealership (Audi Tysons Corner VA) was a pleasure to work with. Two other local dealers couldn't touch their price.
Car_man
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I know I didn't take any advantage of the new year's sales but I'm planning to lease a Audi A4.
Does anybody know what is Residual Value and the Money Factor for this car?
I know this is a Audi Forum but can Anyone help me with the same information for the BMW328i
Thanks for your help....
Since we're already here, here's the info that you're looking for. Audi's lease program for the 2009 A4 varies by trim level, term, and mileage allowance. I will have to make some assumptions since you never mentioned what these variables are. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Audi A4 2.0T Sedan Premium with quattro and 15,000 miles per year are .00127 and 52%, respectively.
BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 BMW 328i with 15,000 miles per year are .00175 and 57%.
Car_man
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I am considering getting a second A3 for the family. Do you know hat the current residual/money factor values are in Massachusetts?
Assumptions:
2009 A3 2.0T Front wheel drive (basic)
36 months
10K miles (also interested in 12K miles residual)
Thanks,
maxbos
Since you are a current Audi owner or lessee you probably qualify for the $750 loyalty incentive that is currently available on AFS leases of this model Make sure to ask the dealer about it.
Car_man
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I have a 2008 A3 which I leased in the spring. My monthly payment is $400 and some change, its been a FLAWLESS car, probably the finest tuned and well built machine I have had. Really want to have a payment around 200-250 and save the rest in the light of this great economy we have:(
Any suggestions on where I should post? What website I could utilize (lease trader)? Or if this site knows anyone wanting to assume an easy lease of a great car here in Atlanta.
any input would be great!
do you have the money factor and buy rate for 2009 FWD A3 with premium and s-line options for 10K, 12K and 15K on a 36 mo lease?
Regards!
What options did you get and what was the money factor (aka interest rate)?
convenience package
open sky system
MSRP $30,345
price paid with Audi Care $29,500
36 months/15k miles
money factor .0011
residual 48%
monthly pmt with tax $452 - no money down
Car_man
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Are these numbers the same for non S-line A3 with convenience package and open sky options? Also, a money factor .00059 translates to 1.416% int rate, is that correct?
Car_man
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Car_man
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Any thoughts on what the current Money Factors and Residuals are for those cars right now?
And do you know if the $500 "coming from another luxury brand" thing is still active?
Thanks!
The numbers for an otherwise identical lease of a 2009 A4 Avant Premium are .00160 and 51%, respectively.
Audi is still providing $500 conquest cash to current owners of select vehicles who lease a new A4. It also is now waiving the first month's lease payment on both of these cars.
Car_man
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Those are the numbers/deals my dealer has offered me -- about to pull the trigger on the Avant this morning I believe. Thanks for validating!
I'm getting this lease quote from local Audi dealer:
2009 A3 MSRP 32800.00 (Prem, OpenSky, Auto, Front Track)
36 months lease 10k miles/year with 1800.00 out of pocket. They quoted me 420/month.
Can someone provide some inputs? What is the fair number I should pay per month? If you recently got A3 lease, can you share your numbers?
Thanks,
Car_man
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Thanks">
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
Car_man
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I need your help and need it quickly. I was offered the following for a 2010 Ibis White A3 S-Tronic Quattro with the following options: Premium Plus package, Cold Weather, Titanium Sport Package, Open Sky.
MSRP is 36000 plus 825 for destination.
Dealer offers:
$36640 selling price
$19383 residual (53%)
MF of .00197
42 months at 12k per year
zero down payment
$1700 drive off (1st month, title, security fee)
$566.86 per month (includes 8.75% tax)
Is this a good deal? He said I would be getting it at invoice, but when I run the numbers it seems as if they ran it at MSRP.
Please help!!!
Thanks,
Nate
Any additional discount that you would be able to negotiate because of the larger supply of this car in New York / New Jersey would likely be more than eaten up by the cost of getting it down to Florida.
Car_man
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Car_man
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I've found what seems to be a pretty great deal on an '09 A3 and I wonder if you have any info on any lease incentives, residual and money factor for '09 models. I'm debating between leasing and buying, and the only lease info I can track down is for '10s. Thanks so much!
You never mentioned the exact trim level, term, or mileage allowance that you're interested in, so I had to make some assumptions. Let me know if you want something different.
Audi is not currently providing any cash incentives on leases of this car, other than $500 loyalty cash.
Car_man
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I am looking to lease my first car, an A3 2.0T 6-speed S-Tronic with Quattro, MSRP $30,850. On top of that, I want a specific color and sunroof. Does this make it more difficult to have an edge in bargaining? What tips can you offer me in heading in to negotiate the terms of the lease? What fees are fixed and what can I bargain?
Thank you!
Your vehicle's destination charge and acquisition fee are fixed charges that all lessees have to pay. I actually prefer to look at vehicles' out-the-door prices, inclusive of all fees when negotiating a deal. Comparison shop with a few dealers and go with the one that offers you the lowest OTD price, then it won't matter how the price breaks down in terns of fees.
Car_man
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Car_man
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Also, what have you been hearing, if at all, about how well these cars have been selling for Audi? That info could help in the negotiation process.
Thanks again.
Audi's December lease program is scheduled to run through January 5th. I'll provide you with the details of that program for now. Please feel free to check back with me later this week for an update of what its new January program is like.
Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 A3 TDI Premium with 12,000 miles per year are .00191 and 57%, respectively.
If you were to lease this car with only 10,000 miles per year, its residual value would be 1% higher.
The TDI's lease program is much different than the program the the 2.0. The numbers for an otherwise identical lease of a '10 A3 2.0 FWD Premium are .00059 and 53% (12k),
A3 sales aren't exactly lighting the world on fire, but then sales of most models aren't. Through November Audi's sales of the A3 were down nearly 25% for the year.
Audi November Sales Maintain Record Share Pace
http://www.prnewswire.com/news-releases/audi-november-sales-maintain-record-shar- e-pace-78255942.html
Car_man
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Could you please provide lease params for A3 TDI 36 months, 15000 miles for Jan 2010?
Do they change if it is Premium Plus?
Thanks a lot in advance!
Best wishes
Security Deposit: none
Acq Fee (Upfront): 625.00
Fees & Ins: (Upfront): none
Upfront Taxes: 1,495.63
Cap Reduction (Cash): none
Total Inception Fees: 2,518.62
Net Trade as Cap Reduction: none
Rebate as Cap Reduction: none
Total Drive Off: 2,518.62
AUDI A3 4dr HB 2.0T quattro Premium AT w/AC; Automatic; Cold Package
MSRP: 32,175.00
Let me know what you guys think? Thanks.
The money factor for the Premium Plus trim level is exactly the same, but its residual value drops to 51%.
Car_man
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I am looking to lease an Audi A3 quattro with a premium plus package.
Any promotions that Audi is currently running?
I am looking for a 36 mo lease at 12k mile/year.
Audi is providing owner loyalty cash on this model for current owners and lessees.
Car_man
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If it makes a difference, I'm in the DC area. Would you also provide the money factor, residual etc.
Thanks for your help.
According to my calculations, if you were to lease a 2010 Audi A3 TDI Premium Plus that has an MSRP of $34,000 and a selling price of $32,200 through Audi Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $481.
A $3,500 capitalized cost reduction, which I advise against making, would lower this car's payment to around $378.
I used a money factor of .00173 and a residual value of 53% to arrive at this payment.
Car_man
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They are quoting the following:
$2000 cash, 15k per year, 42 months, LA county Quoting at MSRP, 539 plus tax. Residual 45%, mf .00078
The residual seems very low and the rate very high. Whats you take on residual, money factor and what they should sell the car at?