Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Looking to lease for the first time - here is where I am at. 2015 Audi A4.
going4lease
Member Posts: 8
I have the audi dealer telling me the MSRP for a premium A4 with some features (trim, weather floor mats, cargo rack) is $37,600. My payments would be $437 after tax on 10k and a down payment of 3500. That seems a little steep to me.
Is it possible to get the price down to 35,500 and get the payments lower? I would do 42 months and $3k down for around $375 after taxes. Using the calculator I feel like that may be possible, but I am new to the lease process and want to make sure I am maximizing the negotiation. Any advice appreciated.
Is it possible to get the price down to 35,500 and get the payments lower? I would do 42 months and $3k down for around $375 after taxes. Using the calculator I feel like that may be possible, but I am new to the lease process and want to make sure I am maximizing the negotiation. Any advice appreciated.
Tagged:
0
Comments
What selling price is the dealer using give you the quote, now? And, how many months? It's hard to negotiate a dealer's price, if you don't know all the details. Offering $XXX money down and $XXX per month is not a good way to negotiate.
Get a price, then make sure they are using the base money factor. And, watch out for hidden fees.
2015 A4 Quattro Premium: .00048 MF and 56% residual for 36mo, 10K/yr.
.00068 MF and 52% residual for 42mo, 10K/yr.
.00039 MF and 55%, .00059 MF and 51%, if FWD
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Your target value should be as close to invoice (or below if possible), then use edmunds lease calculators to come up with a payment using MF and residual values given by the kind people on this board. This should give you a reasonable expectation for your lease payment.
In my experience, the salesman didn't part with the MF very easily but he did give me the RV (this will be in the lease contract, so no mystery here). If you are using the calculators with MF's from this board, you will have an idea if they are inflating their MF.
BTW, there is no reason to put anything down against the cap. I just payed taxes, fees, and 1st month's payment at signing (which for me was about $3.5k, mostly prepayed taxes).
If the car you want has an MSRP of $37600, $35500 is not a stretch, use these numbers in the calculators to get a monthly payment with nothing down as a ballbark. Negotiate either monthly payment with nothing down (and lease assumptions, yrs/miles etc..), or straight sticker price. The more you complicate things with money down etc...the dealer will generally find a way to make money. As far as I know, putting money down does nothing for you (this would probably be different if you were buying outright, but you are afterall just renting the car for a long time...)
FYI I settled on an A4 Quattro premium plus with MSRP of about $44.5K and got a 39mo,10k/yr mile lease for $530 a month (NOTHING DOWN.) Deal of the century? Probably not but my research indicated a "fair" deal (dealer's opening offer was like $610/month)
Good luck!
Best bet is to seek out another Audi dealer and get them price matching each other or ask for another salesman (or you could show up in the showroom when you know hes not there, someone else WILL help you, trust me). They obviously can't price match a different make so discussing other makes in price negotiation is just stupid and wasting time...
Oh and you may be right about not wanting to lease. Since they are in effect only selling half a car I'm guessing their commission is reflected in this. My salesman kept reminding me (politely) of their large selection of certified pre-owned A4's even after I made it abundantly clear I wanted to lease a new vehicle lol
Oh and save yourself a headache and stop giving your cell number to salesman...