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Audi A5 Lease Questions
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Car_man
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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.
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!
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
If you have good credit score, your money factor is too high and residual value is too low. You should try another dealer.
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
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!!!
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.
Car_man
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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 again.
How much of a dealer discount are you being given on the selling price?
Car_man
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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...
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.
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Car_man
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Anyone know if this is true or not?
Car_man
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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.
Car_man
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What is the lease rate and residual for a 2013 A5 convertable 3 year 15k miles?
Thanks
Andy
Car_man
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Thanks for the 3 year 15k lease info. Can you also provide 20K miles for 2 and 3 year leases?
Thanks
Andy
Car_man
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Car_man
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I got a quote from audi dealer for 2013 A5 premium plus Gray color with wheel lock and Audi Rubber mat. for following price.
Audi supplier program 6% discount + dealer offer additional 1% after the discount.
MSRP44720
sale price 41577
MF 00141
res 58%
out of pocket 2385 ( acquisition fee, bank fee, doc fee, security deposit, registration, title, state smog fee, state dmv fee)
NY tax 8.875
cap cost 43443.98 (with NY TAX)
monthly $583.82 ( include NY TAX 1856.88)
term is for 36month 10k mile
can you advise if this is a good deal or perhaps i can squeeze in some more
Car_man
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Was quoted a buy price of 47,833 (MSRP 48,810) for a Premium Plus 2013 A5 with Nav, Upgraded Sound, Smart Key, Exhaust Tips, Wheel Locks, and Logo Mats.
The money factor was .00176 and residual was 55.7% for a 10,000 mile a year for a 42 month lease. Lease payment is 766.15 with zero down after taking into account a 1,000 Audi loyalty rebate. I think this is high. What do you think?
Thanks. This forum is a big help!
AFS' October buy rate lease money factor and residual value for a 36-month lease of a 2013 A5 Coupe Premium Plus with 15,000 miles per year are .00141 and 55% for consumers who qualify for its top credit tier.
Car_man
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Shoot for the use of the buy rate money factor and a lower selling price if possible. Have you tried shopping around with a couple of different dealers?
Car_man
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I'm shopping for a lease on a 2013 a5 cabrio premium plus with bang and olufson, navi and advanced key.
MSRP is $49,220. Do you know what the november numbers would be? I have 769 FICO score.
What would the AFS money factor/residual be?
Thanks so much in advance!! I don't know how you get those numbers but they sure are helpful!
Best,
Bob
Car_man
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The numbers for an otherwise identical 42-month lease are .00143 and 53%.
Car_man
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Car_man
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Are those the same as the 2012? Or was that a typo and you meant 2012?
Also - is the 2013 A5 cabrio prestige the same numbers?
THANKS!!!!!!!
Bob
The money factor for a lease of a Prestige would be the same but the residual value would be 2% lower.
Car_man
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Don't have much of the particulars except that its Premium Plus w/ Nav
is this a good deal?
Is this a good deal
I had to order my 2013 A5 Cabriolet Prestige quattro and it has finally arrived. What are AFS' November buy rate lease money factor and residual value for a 36-month lease on this car with 10,000 miles per year - assuming best credit rating? I am scheduled to pick it up at the dealer this weekend.
As always, thanks.
Audi Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 A5 Cabriolet Prestige quattro with 10,000 miles per year are .00088 and 52% for consumers who qualify for its top credit tier.
Car_man
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1. What is a good deal(monthly payment range) on a 2013 Audi A5 premium plus(MSRP 42600) with no down payment, 15k miles per year, 3 year lease? I have a discount through work to get the car for 40k and have a 800+ credit score
2. Would I get a significantly better deal on the 2012 A5 vs the 2013? Any significant difference b/w the '12 and '13 models?
3. I have read that I should never put down any money, is this doable for most dealerships if youre brand new to them but have 800+ credit?
Thanks!!