Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Audi A4 Lease Questions

19192949697143

Comments

  • art234art234 Posts: 103
    As a former leasing manager for a different brand (out of the business 10 years thank God), let me add a little to the conversation.

    First, the longer you go into a model year, the lower the residual gets--residuals alone will be the highest at the beginning of the year, unless there is a special promo. So rule of thumb is that promotions excepted, beginning of year is the best time to lease.

    Next, the money factor (or interest rate) can be manipulated by the finance company as well. Subsidizing the money factor allows them to offer a realistic residual, rather than being swamped with cars which are worth much less than residual at lease end.

    Finally, lease cash is another way of adding incentive, as is first payment. All these reduce the outlay of the consumer, but may not be perceived as valuable.

    As far as I have heard, Audi raised the rates to near normal this month, and reduced the residuals, BUT they also increased loyalty or conquest cash (cap cost reduction or downpayment), and for the A4, depending on model, are making either the first or first two payments. My suggestion is that you go back to the dealer and make sure he is applying all the incentives, and is not bumping up the money factor (reserve).

    Finally, some dealers qualify for an "accelerator" which pays them a back end discount per car if they hit a monthly target. Some don't qualify but it can't hurt to ask. Also, the popular myth about car sales can be true in most cases--you're better off doing a car deal at the end of the month, especially if the dealer and the individual sales rep is under pressure to hit his number. Sometimes they will entertain deals they would likely reject earlier in the month.

    Sorry to take up so much space, but I hope you find this helpful. Good luck!
  • dht34dht34 Posts: 7
    Cut and paste from the updated Audi website on their "Summer of Audi Event" incentives. Still hoping to get a solid MF and Residual value somewhere soon.

    The Summer of Audi Event with No Payments Due at Signing on all new Audi models except S Models, A8 W12 and R8.

    A4 Example Lease:
    (See your Audi dealer for lease terms on other models)

    2009 A4 Sedan 2.0T FWD Premium
    $469* lease per month for 36 months
    Now through July 6, 2009

    Down payment: $0
    Refundable security deposit: $0
    Acquisition fee: $0
    First month's payment: $0
    Amount due at lease inception: $0
    Excludes taxes, title, other options and dealer charges

    *36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 7/6/2009. Rate based on $31,825 MSRP of 2009 Audi A4 Sedan 2.0T FWD Premium with Automatic transmission and destination charge. Price excludes taxes, title, other options and dealer charges. Purchase option at lease end for $16,549. Advertised offer requires dealer contribution; final negotiated price may vary by dealer. Lessee responsible for insurance, maintenance and repairs and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end. To find out more about Audi, see your dealer, call 1-800-FOR-AUDI or visit us at audiusa.com.
  • yvanhyvanh Posts: 8
    No deal.. I don't know what is wrong with Audi, they either don't want to have leases on the street fearing the volume of cars in the next years that will be returned, or they're trying to position themselves in a niche that they don't belong.

    As for this deal... NO DEAL. The main problem here is the selected car is a Premium Plus.. there are NO incentives tight now for Prem+ or Prestige, only for Premium (which are the slowest sales).. sure, Audi advertises $460/mo, for an A4.. but read the fine print.
    Still, remember that dealers can jack up the Money Factor as well, and they seem to be doing that, so whatever offer your receive, ask it to be itemized and clearly labeled.

    I was looking to lease a Q5 and right now I'm looking for retail finance because with a Money Factor of 0.5% (.00022) back in April, the payments were at $800+/mo. and any calculator was at least $50 less... My last Audi was an 05 S4 which I leased for $640 and the was priced similar to the Q5. (by the way all the payments include tax)

    Cars.com has a very comprehensive list of the current Audi incentives (sorry Edmunds.. but they're even listing the leases), jusp pop-in your zip code and scroll down to Audi..

    Incentives
  • caren1caren1 Posts: 7
    My local dealer has a leftover 2008 with the following configurations. He gave me an MSRP of $47,925 and a sales price of $41980. With the A5 coming out, I am wondering what would be a fair price for this car or if it made sense to negotiate on this vehicle. Thoughts?

    Model: 8HE5EH A4 2.0T CABRIOLET CVT FWD
    Exterior Color: L8PA PHANTOM BLACK PEARL EFFECT/BLACK ROOF
    Interior Color: NK EBONY
    Options: 4A3 HEATED FRONT SEATS
    5MG DARK WALNUT WOOD TRIM
    6W9 FRONT PLATE FILLER PANEL
    PBS AUDIO PACKAGE
    PNZ AUDI DVD NAVIGATION PLUS W/ IPOD INTERFACE
    PPX CONVENIENCE PACKAGE
    PT1 BLUE TOOTH PHONE PREP
    WPX PREMIUM PACKAGE
  • mounfrairmounfrair Posts: 2
    No deal? What are you talking about? The last deal that Audi featured was based with $2400 cap cost reduction and a security deposit (for you poor people with bad credit) and a first month payment!!
    It's not that Audi doesn't want the cars coming back, it's that they have decided that they no longer want a certain clientele driving their cars.......
    Audi has taken over the niche where you said they dont belong....BMW NA is going bankrupt and Mercedes is crap......and you might as well die in a fiery crash in a [non-permissible content removed] car.........
    In other words, buy what you can afford!
  • yvanhyvanh Posts: 8
    I'm sorry but $469 for a underpowered (in stock mode) FWD!, 2.0T A4 is no deal to me, and is not a matter of poor or high credit score, it's a matter of common financial sense. You drive an Audi because of it's technology advantage, dynamics and feeling of the car, a FWD Audi 2.0T is sub-par to an Accord, Altima or Hyundai (yes it has way better interior and it might look nicer), and if you throw on that that the offer was for a Premium (fancy for entry model with barely the tires, lights, brakes and seats), is no deal (for me and very likely for the originator of the thread, because it didn't sound right to him either)

    When I leased the 2005 S4 (340hp, w/ Quattro @ $640) it made tons of sense to me from driving habits and financially point of view, because they were going in normally for over $800, it was a factory subsidized offer that I took over.

    If you want to be a such a show off that you don't care about bottom line montly payment, that's fine by me because I don't care (although, I'd rather give my throw away money to charity for example).

    Purchasing or leasing a car is a 2 way road, you and the dealer need to get to a comfortable level where you both feel that is a win-win situation. This person came for help and advise, I gave my point of view, you did the same (with some -in your face that I have money, and good credit score-), but ultematly, HE has the fnal word, his finances and most importantly, his own comfort level.

    By the way.. Audi and any car make gives A (capital) crap about who drives their cars, it's all about finances, and how much money they make out of you, same goes for dealerships, they're just brokers and they can jack up a little it the rates for what?.. money, you negotiate the price of the car and basically you are talking dealer money and salesman commision. That's why none of them are Non-Proffit organizations.
  • traderfjptraderfjp Posts: 12
    I have no idea what yvanh is talking about. How can you say that a car with 210 ponies and 260 lbs of torque is underpowered? 0 to 60 in about 6.9 sec. is nothing to sneeze at. It isn't a Corvette a a M3 but for the price it's a wonderful blend of power and economy. Also, with all the torque available the car is very quick off the line. Quattro vs. FWD is another debate. It's personal preference. The FWD gives better economy and is faster off the line to 60. I drove both cars and preferred the FWD CVT tranny to the Quattro's slush box. The CVT actually cost a few dollars more a month so that tells u how much I liked the CVT. For the 3 times a year it snows here I can deal with out having it. I'm paying 419.00 a month with total out of pocket of 2620.00 I'm leasing the car. I can certainly live without adaptive cruise, Xenon lights, LED's in the headlight assembly, etc. They are nice features but the dealer charges way too much for those items and I'm quite happy with the premium car. I don't know how you can compare a stock A4 with a Honda, Hyundai, etc. I test drove them all and have a friend with the Hyundai and the cars are totally different and not on par with the A4. My advice is to buy what you can afford.
  • mounfrairmounfrair Posts: 2
    You should not be giving anyone advice if you think that Audi is sub-par to an Altima or a Hyundai....I do care what my bottom line payment is but I also know that you get what you pay for....I feel that an Audi is a superior car in terms of performance, safety and technololgy.....if you want the best then you have to pay for it! If you cannot pay for it then you should not look at it or buy it.....
  • aallocaaalloca Posts: 4
    Hi everyone,

    New here. Got the following offer from Anchor Audi. I see the purchase price looks good vs Consumers and edmunds, but the monthly payment seems high.

    Both leases are for 15k. AWD 2.0

    2.0 AWD 36 months 15k miles Prem Plus /Prestige
    MSRP 38,000/ 40,825
    PRICE 36,000/ 38,574
    RESIDUAL 0.48/ 0.44
    MONEY FACTOR 0.00071 /0.00071

    Out of Pocket.
    Bank Fees, Fees, Taxes,
    1st Payment 2,400/ 2652

    PAYMENT 531/ 612

    *Registration is not included

    Any help would greatly be appreciated.

    Best wishes,
  • donnydjrdonnydjr Posts: 8
    Based on my deal from earlier this year, roughly $2k off is a decent deal, but the upfront cost seems a bit high as well as the payment. The residual has dropped as discussed on this board - it was 52% for a premium plus in Dec/Jan +1% if you added the mtc. package.

    One would think that Audi needs to drop the residual values a bit towards the end of the year, but not this much in 4-5 months. And they should be discounting even more towards the end of the year... however, this is not a normal economy and maybe they're happy with the sales numbers as is, as well as not willing to destroy the residuals / used car market in a few years.

    my two cents... good luck... BTW - the A4 rocks !!

    D
  • aallocaaalloca Posts: 4
    Thank you Donny,

    I would be paying the taxes up front, but my gut feeling is in doing so, I should be getting $480 a month for the Prem Plus and $550 a month for the prestige.

    From reading back many of you were getting better deals than my gut numbers.

    Where do I negotiate, on the residual, the upfront, money factor, the cap cost. Or do I just say look I am willing to pay $2,400 out of pocket which covers taxes, 1st and fees, but I want $480 with audi care... if you can't do it thank you goodbye

    Also for me the only reason for the prestige would be the B&O stereo, Can someone tell me how the prem plus sounds? Does it have a sub? I like accurate tight sound, not rattle your neighbors type sloppy bass.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting your new A4, a6ricardo. Thanks for taking the time to share the details of your deal with everyone. Real world examples like this are always helpful for others who are in the market for similar vehicles.

    If you haven't yet, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well.

    Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks nhcca4 :blush: . It is very possible that you would not qualify for Audi Financial Services' best month factors if your credit is not in good shape. Only you know for certain whether it is or not.

    The dealer invoice price of the car that you are interested in is $34,538. The dealer is charging you around $900 over invoice for this car. If you are in an area that has a decent level of competition (which I suspect Long Island is), I would not be surprised if you were able to shave a couple hundred dollars off of this price. but that's not bad.

    If you have the time, it wouldn't to visit another dealer or two to see if you can whittle down the price even more and confirm the money factor that you are eligible for. If not, there's nothing wrong with going with this deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi speedracer1981. Let me double check. According to the latest information that I have seen, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2009 A4 Sedan Prestige with quattro and 15,000 miles per year are .00071 and 44%, respectively. The residual value for a lease with 12,000 miles per year would increase to 46%. The 10k residual would be 47%.

    It appears as though the dealer that you are working with may be attempting to mark your car's money factor up in an effort to add additional hidden, back-end profit to your deal. Make sure that they use the buy rate to calculate your car's payment. If they won't, find a different dealer that will.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi paulo6. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 A4 Avant 2.0T Prestige with 15,000 miles per year are .00160 and 44%, respectively.

    15,000 miles per year is the highest mileage allowance that AFS publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey hurls65. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Audi A4 Avant Premium with 12,000 miles per year are .00160 and 51%, respectively.

    When negotiating the capitalized cost for your lease, make sure to take advantage of the $500 conquest or $750 loyalty cash incentive that is currently available on leases of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go sgdgolf1. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 A4 Sedan 2.0 Premium with quattro and 15,000 miles per year are .00071 and 50%, respectively.

    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Ah ha, then my guess was right :D .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi art234. What you head about the conquest and loyalty cash disappearing is not correct. It's still there in May plus Audi introduced a payment waiver program that makes the first payment on A4 2.0 models for free this month.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello caren1. Audi Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2009 A4 Cabriolet 2.0T with 15,000 miles per year are .00007 and 49%, respectively.

    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.

    Also, make sure to take advantage of the cash incentives that are available on this car when negotiating its selling price. Audi is currently providing $1,000 loyalty cash or $750 conquest cash (to current owners of select competitive luxury vehicles) on this car. Also, it is waiving the first two payments on all A4 Cabriolet leases.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • a6ricardoa6ricardo Posts: 7
    Car_Man:

    I signed my deal on April 20, but I still have not taken delivery of the car. The sales manager who I dealt with told me a few days later that he located my exact car (dakar beige) at another dealership located out of state. I even know the VIN for it. That out of state dealer will not swap cars with my dealer--he only wants cash. My dealer is (for cash flow reasons??) hesitating to pay cash for it, which he will then sell to Audi FS and get reimbursed...to some extent. Is my dealer hesitating because he will net a loss on the whole deal?? I can't tell. My salesman insists he will get me the car "soon", but I keep hearing that..and no car yet. He says my leasing deal may even get a few $$ better due to a drop in residual. I do not know what exactly is going on..I'm kind of getting the mushroom treatment (you know.."keep em in the dark..feed em on sh_t".

    So I'll let you all know how I like the A4, when I get it.
    a6ricardo.
  • mel10021mel10021 Posts: 31
    Comments ?:

    A4 Premium / Front Wheel. Black. Zero down. Zero sec deposit. 1st Payment taken care of
    $358/mos for 36 mos
    10k
    Purchase px: 30235 - includes lease loyalty
    Residual: 52%
    Money Factor: .00085
    Tax/title extra
  • dht34dht34 Posts: 7
    Car_Man

    Was wondering if you can tell me the MF and residuals for a 2009 Audi A4 2.0T Quattro Premium Plus with Sport Package, 15k miles/yr, 36 months. Thanks.
  • caren1caren1 Posts: 7
    Car_Man

    Thanks for your response on the lease- good guess on the term and mileage. Does it make any sense to purchase a new 2008 A4 Cab? My dealer has one listed at $47,000, but gave me a sale price of $41,000. It's hard to imagine that the price should not be lower considering the model is discontinued and there are 2009s on the lot.

    It has the following specs
    Model: 8HE5EH A4 2.0T CABRIOLET CVT FWD
    Exterior Color: L8PA PHANTOM BLACK PEARL EFFECT/BLACK ROOF
    Interior Color: NK EBONY
    Options: 4A3 HEATED FRONT SEATS
    5MG DARK WALNUT WOOD TRIM
    6W9 FRONT PLATE FILLER PANEL
    PBS AUDIO PACKAGE
    PNZ AUDI DVD NAVIGATION PLUS W/ IPOD INTERFACE
    PPX CONVENIENCE PACKAGE
    PT1 BLUE TOOTH PHONE PREP
    WPX PREMIUM PACKAGE

    Thanks!
  • art234art234 Posts: 103
    Car man,

    Thanks -- I actually found out the new programs two days after that post. Your information is correct. I just neglected to post...my bad.

    On a bright note, I got a call from my dealer today--he got build information on my 2010 A4--it will be built week of June 1 and in my hands on or about July 13th!!

    For the other buyer on Long Island, where I live, it takes a little effort, but you should be able to get $500 over invoice BUT insist all incentives to customer, and ask about the accelerator (money they get if they meet their objective). My dealer is Legend, and they were the most upfront.
  • carnaughtcarnaught Posts: 1,597
    art: Is yours a lease or are you purchasing?
  • art234art234 Posts: 103
    Carnaught,

    I haven't decided, and in theory can't decide until the car is in. We don't know what pricing is for 2010 yet, but have an estimate, plus we know even LESS about what lease rates will be.

    That said, I have some cash allocated for a down payment if I buy, and remember sales tax and interest on car purchases is deductible this year.

    Basically my accountant said it's a draw, but I have some more financial flexibility if I buy.
  • drrubydrruby Posts: 1
    Hey a6ricardo,
    Sorry to tell you this but even though you signed an order doesn't mean they can still offer you the same payment. The only way to lock in, is to sign a lease with an actual vin and dmv info! If you were approved (credit wise) under the april rates then they can offer you those rates but they can't be combined with Audi making the first month payment. The residual went down by a point which makes the payment go up by like $15 per month.....The only way to lock in last months rates is to sign a full lease agreement.......

    Did u do the deal with Riverside Audi? They are in the process of filing Chap 11 so they are messing with people and giving them fake deals??
  • carnaughtcarnaught Posts: 1,597
    art: Similarly with me and my "frequent trading mileage", a buy vs. a lease are a draw. My Audi dealer is very deliberately skirting the issue of 2010 lease rates. The modulating conditions of the economy and market for autos no doubt are fueling this vagueness and uncertainty.
  • tlhughes30tlhughes30 Posts: 3
    Mel - where did you get this ? How did you start in negotiating this ? I am just getting started and would appreciate any insight you have. -Trevor (tlhughes30@hotmail.com). Thanks.
This discussion has been closed.