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Audi A6 Lease Questions

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  • Dear Car Man, to pick up on this tread may you please tell me about my deal offer made yesterday (9/12/12):

    2013 Audi A6 Q 2.02 Premium Plus MSRP 51,395; discount $2,597 (includes $1000 loyalty); 42 mo lease, 18k miles per year, residual 48.9% ($25,132), MF .00189, tax rate 7.25%. I am getting $6500 trade in value on my 2006 A6 3.2 Prem pkg. with 120k. No cash down.

    My lease rate quote is $638 but the calculator says it should be $575.
    I have top notch 750 plus credit and was told this was top tier Audi MF (but was told it equates to 1.9% but does not and is higher than what you quoted for the subject post 1105.

    What should my MF be, residual, trade-in, be and did I mess up the math on the monthly lease rate. Thanks. To see dealer again in 4 hours or to hold off till tomorrow.
  • Car Man or kyfdx:

    Can you please provide the Sept MF and residual for 3 year 12K and 15K per year (top tier credit) for a 3.0 Premium Plus ?

    Thank you

    Howdyman
  • You're very welcome 54gt.

    Car_man
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  • Hi lawman2420. The money factor that you were quoted is too high. If you qualify for Audi Financial Services' top credit tier, its buy rate lease money factor for a 42-month lease of this car should be .00168, which is equivalent to an interest rate of slightly over 4%.

    As far as this car's selling price goes, there is a spread of around $3,400 between its full MSRP and its dealer invoice price. The $1,500 discount that you were quoted isn't bad, but I wouldn't be surprised if you were able to beat it by a little if you are in an area that has a decent level of competition. Now that I look at it. Audi actually has $1,500 loyalty cash available on it right now, not the $1,000 that you were told. So in reality you're only getting a $1,000 discount. I definitely think that you can do better than that.

    Car_man
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  • Certainly howdyman. Audi Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2012 A6 3.0 Premium Plus with 15,000 miles per year are .00011 and 45%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
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  • Car Man or kyfdx

    Car Man, I should have been more precise. My question was for a 2013 A6 3.0 Premium Plus.

    Can you please provide the Sept MF and residual for 12K and 15K for 36 months.

    thank you

    Howdyman
  • lawman2420lawman2420 Posts: 4
    edited September 2012
    Should dealer lease to me at their "buy rate?"

    I thought in another post to Sancris #1107 you said top tier rate was .00148 so that's why I thought I was really getting gouged. Is the MF differing depending on my 42 months vs. 36 and my 18k vs 12k miles?

    Also, if you check the details in the calculator, they are hitting me for final montly payment of much more than the calculator says. is there a trick in their bag on this issue that I should look out for?

    Thanks. Awesome insight on the discounting.
  • billw39billw39 Posts: 1
    edited September 2012
    Hi car_man,

    I'm looking at the following two scenarios:

    1) Buy A6 Prestige for $55,528. MSRP is $59,170 (before 7% NJ sales tax)
    2) Lease for 36 mo. with $10,000 down and 12,000 miles for $633.85 (incl. tax) and $31,360 residual

    Which do you feel is the better deal financially?

    Thanks!
  • Hi Carman, may you please tell me the residual on a 2013 A6 2.0t Q for a 42 month 18k lease? Thanks again.
  • I wanted to check this with you. I went to your link to hand-compute my lease payment and I kept coming off dramatically different than the dealers I am negotiating. Today one finally took the time to review my numbers and said in Illinois is it not correct to just multiply the lease payment by the tax rate. They said that I must pay taxes on the full MSRP, less discounts, but manufacturer incentives (loyalty) must stay in. Then that becomes part of the financed amount too so the taxes are charged in full, then on top of that I pay juice on them per month of the lease. Heard of this before?

    Also, I read in your other link that no one should put money into the lease because it is more profitable to keep it out, for example on a trade. One reason was that it you don't get a dollar for dollar benefit by putting it in and that seems to be correct. The other reason stated was that you lose the money in case of a total loss. I am confused as to how, since my insurance needs to repair or replace, so how do I lose anything.

    Thanks for you great insight.
  • Ah ha, howdyman. OK, Audi Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2013 A6 3.0 Premium Plus with 15,000 miles per year are .00141 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • If I was in the market for this car, I personally would insist that the dealer use the buy rate to calculate my payment. The factor for a 42-month lease is slightly higher than it is for a 36-month lease. That explains the difference.

    Car_man
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  • Hi billw39. I am not opposed to leasing this car, however you definitely should not make such a large down payment if you do so. I always advise consumers to put as little as possible down when leasing. This means do not make a capitalized cost reduction. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, it is much safer to go with a zero down lease.

    If you are getting the same selling price for the lease, one deal isn't necessarily any better than the other. It's more a matter of personal preference than anything.

    Car_man
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  • Certainly lawman2420. Audi Financial Services' September buy rate lease money factor and residual value for a 42-month lease of a 2013 A6 2.0T Premium quattro with 15,000 miles per year are .00168 and 51%, respectively for consumers who qualify for its top credit tier.

    I gave you the 15,000 mile per year residual value for this car because that is the highest mileage allowance that AFS publishes residual value percentages for. If you need to drive more than that, you will likely have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it would be to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
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  • Hi lawman2420. Unfortunately what you were told is correct. Illinois is one of the worst states in terms of sales tax on leased vehicles. They do indeed charge sales tax on the vehicle's entire selling price. Ouch.

    As far as losing your down payment on a lease. Here's the scenario, You make a $10,000 down payment on a car that's worth $30,000. The next day it's totaled in an accident. The insurance company pays off the lease company for the $30,000 value of your car but they do not refund you any money. Poof the down payment is gone.

    Car_man
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  • Car_Man, thank you. What is the residual for September and 10,000 miles? Is it really 56% or is it 53% or some other number? Thanks.
  • john33ajohn33a Posts: 3
    edited September 2012
    Hello Car_Man, one more question if I may. I am considering making a one time downpayment to pay off an entire lease (36 months) in one payment, which is cheaper than paying every month. I was told by the dealer than in case of a total loss, the GAP protection will cover my payment. Is it true? How does it work if the car is totaled before the lease ends? I do not know if it matters or not, but I plan on keeping the car after 3 years. Also, you said that the September money factor converts to about 3.38% interest. If pay off an entire lease with one payment, does the interest decrease and by how much? Thanks .
  • ecola888ecola888 Posts: 1
    edited September 2012
    Car Man,

    Could you please post the residuals and MF for a 36 month, 10K miles lease of either a 2012 or 2013 A6 Prestige?

    Thanks.
  • cirderf13cirderf13 Posts: 2
    edited September 2012
    Car Man,

    What is your opinion on Audi's(AFS) Special Offer lease on a 36 month/10,000 mile per year lease of $529/mo. $0 security deposit, $529 first month, $695 acquisition fee, $2435 down payment ($3659 due at signing)? The car is 2013 2.0T quattro Premium Plus with cold weather package, Tiptronic and destination charge. Rate is based on MSRP of $50,045(with $29,026 purchase option at end of lease).

    Is it common to be able to negotiate a better deal than one that is advertised nationally by the manufacturer's finance arm?

    Please advise. It seems like a good deal to me but after reading these other posts I'm not so sure.

    Thanks for your advice.
  • Hi john33a. Audi Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2013 A6 3.0 Premium Plus with 10,000 miles per year are .00141 and 56%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • That is an excellent question, john33a. I suspect that GAP insurance would pay a consumer back that pre-paid for their entire lease in advance, but I don't have a lot of experience with this matter. It probably wouldn't hurt to ask Audi Financial Services directly about this issue.

    Most banks do provide a money factor reduction for leases that are pre-paid. the lat time I checked, AFS reduced the money factor for 36-month pre-paid leases by .00100....or the equivalent of 2.4%.

    Car_man
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  • Are Audi dealers required to use Audi Financial Service's Residuals and Money Factors or can each dealer use there own figures when calculating new car lease payments. Also, if you buy extra miles upfront on a 2013 Audi A^ Premium Plus does anyone know how much cheaper it is to buy extra miles upfront as compared to waiting til the end of the lease
  • Hi repete81. Audi dealers are required to use Audi Financial Services' residual values when calculating lease payments. they do however have a little leeway on the money factors. Dealers are usually allowed to mark banks' buy rate lease money factors up to add additional hidden, back-end profit to deals. This practice is quite common amongst luxury dealers. That is why it is important to find out the buy rate for the vehicle that you are interested in.

    The last time that I checked, Audi Financial Services charged $0.15 per mile for extra miles purchased at lease signing and a $0.25 penalty for excess mileage at lease-end.

    Car_man
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  • Thank you very much...extremely helpful! One last question. If you were to buy extra miles upfront does that have any effect on reducing the residual factor when calculating the original lease payment or does the $.15/mile additional fee include a residual "penalty" in it. Thank you very much!
  • Car man, do you have the current residual and MF for the 2013 S6? Looking at 36 months, either 10k or 12k miles.

    Thank you!
  • Hi ocmonkey. Audi Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2013 S6 with 10,000 miles per year are .00113 and 56%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with 12,000 mils per year would be 1% lower.

    Car_man
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  • Car man, welcome to October! Can you provide the October residual and MF for the 2013 A6 for 36 months/10k or 12k miles? Thanks very much!
  • CARMAN- Do you have the MF and Residual for 2013 A6 2.0 Premium Plus, 12,000 miles per year?

    Dealer is saying residual is 58% (Seems right) but Money Factor is .001944, which seems quite a bit higher than the .00145 i remember reading
  • bberkebberke Posts: 26
    I was in the dealer yesterday and they only had Sept #s so far, expected them today.
  • I know you may be tired of the same question, but this really helps those of us who are trying to see if we can manage a vehicle of our liking. Here goes !

    Lease rate and residual for 2013 A6 Prestige 10k or 12K miles and 36 month contract.

    Thank you in advance.
This discussion has been closed.