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2015 Audi A4 Lease Questions

13

Comments

  • kyfdxkyfdx Moderator Posts: 260,647
    cmrisner said:

    I just wanted to know whether the current A4 summer lease promotion was a good deal?

    Here are the details:
    2015 Audi A4 2.0T quattro Premium Lease:
    $399 a month, 36 months, 10k
    $2,093 Due at Signing

    Based on MSRP of $38,525 (including destination charges) for a 2015 Audi A4 2.0T quattro Premium Tiptronic with automatic transmission

    Purchase option at lease end for $20,804

    I'm in southern California, zip 90505

    Thanks!

    Advertised deals are usually just average... you can beat them with some negotiation and dealer competition. That said, the A4 lease program is decent, this month. Which isn't always the case with Audi.

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  • cmrisnercmrisner Member Posts: 5
    Could you give me a rough estimate of approximately how much better I could do with some dealer competition and negotiation? Trying to decide whether it would be worth the effort to try and negotiate between dealers.

    Thank you!
  • kyfdxkyfdx Moderator Posts: 260,647
    cmrisner said:

    Could you give me a rough estimate of approximately how much better I could do with some dealer competition and negotiation? Trying to decide whether it would be worth the effort to try and negotiate between dealers.

    Thank you!

    The problem of not trying, is you probably won't even get the advertised deal. By the time the dealer marks up the money factor and the acquisition fee and adds a dealer fee, your payment could be $80/mo. higher than the ad price..

    It's always worth trying to get the price lower...

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  • rheumshoesrheumshoes Member Posts: 9
    Hi everyone
    What do y'all think of this deal?
    Audi A4 FWD with nav/backup, not sure what packages but msrp approx 40,900
    sale price : 35895
    The dealer didn't really tell me the residual or money factor - but is willing to pay off 2 remaining payments on my c class (approx 816).
    This is in TX, so sales tax on entire value of car - 36 month, 10000
    monthly : 409
    I know its hard to tell if its a good deal without residual/mf, but Im guessing if monthly is 409 then the mf can;t be marked up too much? They initially quoted me around 490 .
    Also in the proposal it says total cap reduction 3790 - I don't pay that right?
    Any help would be appreciated.
    Thanks!!
  • kyfdxkyfdx Moderator Posts: 260,647

    Hi everyone
    What do y'all think of this deal?
    Audi A4 FWD with nav/backup, not sure what packages but msrp approx 40,900
    sale price : 35895
    The dealer didn't really tell me the residual or money factor - but is willing to pay off 2 remaining payments on my c class (approx 816).
    This is in TX, so sales tax on entire value of car - 36 month, 10000
    monthly : 409
    I know its hard to tell if its a good deal without residual/mf, but Im guessing if monthly is 409 then the mf can;t be marked up too much? They initially quoted me around 490 .
    Also in the proposal it says total cap reduction 3790 - I don't pay that right?
    Any help would be appreciated.
    Thanks!!

    .00004 MF and 53% residual for Premium, 51% for Premium Plus.

    Did they say how much is due at signing?

    Hard to see them at $409/mo including tax, without a big chunk upfront.

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  • rheumshoesrheumshoes Member Posts: 9
    Thanks moderator . Its the premium plus, they want only 409 due at signing. Im thinking its a great deal too....
  • rheumshoesrheumshoes Member Posts: 9
    My mistake, it has the premium plus package - I think its a premium.
  • kyfdxkyfdx Moderator Posts: 260,647
    If that's the number, it's a good deal.

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  • rheumshoesrheumshoes Member Posts: 9
    Thank you SO much! Always feel comfortable making a decision like this after running the numbers but I still haven't quite understood the calculations! Any chance you tutor? Lol
  • mulberrywaifmulberrywaif Member Posts: 5
    Does anyone have the MF and Residual for a 2015 A4 Premium Plus in MA (02452) for 36mo and 10k miles? I'll be getting it with the navigation and technology packages.
  • kyfdxkyfdx Moderator Posts: 260,647

    Does anyone have the MF and Residual for a 2015 A4 Premium Plus in MA (02452) for 36mo and 10k miles? I'll be getting it with the navigation and technology packages.

    Quattro?

    .00038 MF and 52% residual

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  • wc3777wc3777 Member Posts: 12
    Hi,

    got this quote, can you tell let me know if numbers are right:

    2015 A4 2.0T FWD

    msrp: 36,975
    Net cap: 35,000
    mf: 0.00004
    residual: 56%

    36/7500k miles

    448 due at signing and 448/month

    and if I add Audicare generally what does it add each month? (is it about $12, from what I have seen on these forums?)

    thanks
  • MichaellMichaell Moderator Posts: 258,746
    wc3777 said:

    Hi,

    got this quote, can you tell let me know if numbers are right:

    2015 A4 2.0T FWD

    msrp: 36,975
    Net cap: 35,000
    mf: 0.00004
    residual: 56%

    36/7500k miles

    448 due at signing and 448/month

    and if I add Audicare generally what does it add each month? (is it about $12, from what I have seen on these forums?)

    thanks

    Using your numbers, I get $399.28/mo + tax

    AudiCare adds 1% to the residual, but the net cap cost will go up as well.

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  • dru37dru37 Member Posts: 42
    I was quoted the following for A4 Premium Plus for 36 mos. 15k:

    MSRP: $44,860
    Net cap: $38,725 (with $3750 "rebate")
    MF: .00058
    Residual: 49% (with $800 AudiCare)
    $559 with $0 down

    My credit is excellent so the MF seems high. Dealer tells me this is for top tier credit and I can "buy it down" if I want. What is the Audi MF for A4?
  • MichaellMichaell Moderator Posts: 258,746
    dru37 said:

    I was quoted the following for A4 Premium Plus for 36 mos. 15k:

    MSRP: $44,860
    Net cap: $38,725 (with $3750 "rebate")
    MF: .00058
    Residual: 49% (with $800 AudiCare)
    $559 with $0 down

    My credit is excellent so the MF seems high. Dealer tells me this is for top tier credit and I can "buy it down" if I want. What is the Audi MF for A4?

    If this is a Quattro, the 36/15 lease numbers are .00018 and 48% (49% with AudiCare) - so yes, your dealer is marking up the MF on you.

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  • markky1markky1 Member Posts: 17
    I was quoted the following for A4 Quattro Premium Plus and tech pkg.
    It is 36mo/7500
    MSRP: $45060
    Net cap: 40060 (with $3000 "rebate")
    MF: 0.00065
    Residual: 52% (no audicare)
    $511 with $0 down.( include tax)

    What is the MF for this month, I think they made it up on me.
    And is it a good deal?
  • kyfdxkyfdx Moderator Posts: 260,647
    markky1 said:

    I was quoted the following for A4 Quattro Premium Plus and tech pkg.
    It is 36mo/7500
    MSRP: $45060
    Net cap: 40060 (with $3000 "rebate")
    MF: 0.00065
    Residual: 52% (no audicare)
    $511 with $0 down.( include tax)

    What is the MF for this month, I think they made it up on me.
    And is it a good deal?

    The base MF is .00018, this month. Residual is correct.

    Without the markup, it would be about $35/mo. less.

    That isn't many miles.... can you get away with 7.5K/yr?

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  • markky1markky1 Member Posts: 17
    kyfdx said:
    I was quoted the following for A4 Quattro Premium Plus and tech pkg. It is 36mo/7500 MSRP: $45060 Net cap: 40060 (with $3000 "rebate") MF: 0.00065 Residual: 52% (no audicare) $511 with $0 down.( include tax) What is the MF for this month, I think they made it up on me. And is it a good deal?
    The base MF is .00018, this month. Residual is correct. Without the markup, it would be about $35/mo. less. That isn't many miles.... can you get away with 7.5K/yr?
    I'm ok with 7.5k/yr. Is there a different MF with the same car but without the tech pkg? The Msrp will be $40060. How much per month including tax will be a good deal? 8% tax and 0 down.
  • MichaellMichaell Moderator Posts: 258,746
    markky1 said:


    kyfdx said:

    markky1 said:

    I was quoted the following for A4 Quattro Premium Plus and tech pkg.
    It is 36mo/7500
    MSRP: $45060
    Net cap: 40060 (with $3000 "rebate")
    MF: 0.00065
    Residual: 52% (no audicare)
    $511 with $0 down.( include tax)

    What is the MF for this month, I think they made it up on me.
    And is it a good deal?

    The base MF is .00018, this month. Residual is correct.

    Without the markup, it would be about $35/mo. less.

    That isn't many miles.... can you get away with 7.5K/yr?

    I'm ok with 7.5k/yr. Is there a different MF with the same car but without the tech pkg? The Msrp will be $40060. How much per month including tax will be a good deal? 8% tax and 0 down.

    Individual options and packages do not affect the MF and residual, just the trim level.

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  • markky1markky1 Member Posts: 17
    Michaell said:
    kyfdx said:
    I was quoted the following for A4 Quattro Premium Plus and tech pkg. It is 36mo/7500 MSRP: $45060 Net cap: 40060 (with $3000 "rebate") MF: 0.00065 Residual: 52% (no audicare) $511 with $0 down.( include tax) What is the MF for this month, I think they made it up on me. And is it a good deal?
    The base MF is .00018, this month. Residual is correct. Without the markup, it would be about $35/mo. less. That isn't many miles.... can you get away with 7.5K/yr?
    I'm ok with 7.5k/yr. Is there a different MF with the same car but without the tech pkg? The Msrp will be $40060. How much per month including tax will be a good deal? 8% tax and 0 down.
    Individual options and packages do not affect the MF and residual, just the trim level.
    How much per month will be a good deal on a quatro 2015 a4 premium.
     7.5k/mo 36 term. Mspr:$40595
    0 down. tax rate is 8%
  • MichaellMichaell Moderator Posts: 258,746
    markky1 said:


    Michaell said:

    markky1 said:


    kyfdx said:

    markky1 said:

    I was quoted the following for A4 Quattro Premium Plus and tech pkg.
    It is 36mo/7500
    MSRP: $45060
    Net cap: 40060 (with $3000 "rebate")
    MF: 0.00065
    Residual: 52% (no audicare)
    $511 with $0 down.( include tax)

    What is the MF for this month, I think they made it up on me.
    And is it a good deal?

    The base MF is .00018, this month. Residual is correct.

    Without the markup, it would be about $35/mo. less.

    That isn't many miles.... can you get away with 7.5K/yr?

    I'm ok with 7.5k/yr. Is there a different MF with the same car but without the tech pkg? The Msrp will be $40060. How much per month including tax will be a good deal? 8% tax and 0 down.
    Individual options and packages do not affect the MF and residual, just the trim level.

    How much per month will be a good deal on a quatro 2015 a4 premium.
     7.5k/mo 36 term. Mspr:$40595
    0 down. tax rate is 8%

    You should be able to negotiate 4-6% off MSRP ... once you have that number, we can model a payment.

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  • markky1markky1 Member Posts: 17
    Michaell said:

    markky1 said:


    Michaell said:

    markky1 said:


    kyfdx said:

    markky1 said:

    I was quoted the following for A4 Quattro Premium Plus and tech pkg.
    It is 36mo/7500
    MSRP: $45060
    Net cap: 40060 (with $3000 "rebate")
    MF: 0.00065
    Residual: 52% (no audicare)
    $511 with $0 down.( include tax)

    What is the MF for this month, I think they made it up on me.
    And is it a good deal?

    The base MF is .00018, this month. Residual is correct.

    Without the markup, it would be about $35/mo. less.

    That isn't many miles.... can you get away with 7.5K/yr?

    I'm ok with 7.5k/yr. Is there a different MF with the same car but without the tech pkg? The Msrp will be $40060. How much per month including tax will be a good deal? 8% tax and 0 down.
    Individual options and packages do not affect the MF and residual, just the trim level.

    How much per month will be a good deal on a quatro 2015 a4 premium.
     7.5k/mo 36 term. Mspr:$40595
    0 down. tax rate is 8%

    You should be able to negotiate 4-6% off MSRP ... once you have that number, we can model a payment.

    They quote me $411 included tax per month for this car. Is it a good deal? I haven't negotiate the price yet.
    They gave my $4880 dealer discount
  • MichaellMichaell Moderator Posts: 258,746
    markky1 said:

    Michaell said:

    markky1 said:


    Michaell said:

    markky1 said:


    kyfdx said:

    markky1 said:

    I was quoted the following for A4 Quattro Premium Plus and tech pkg.
    It is 36mo/7500
    MSRP: $45060
    Net cap: 40060 (with $3000 "rebate")
    MF: 0.00065
    Residual: 52% (no audicare)
    $511 with $0 down.( include tax)

    What is the MF for this month, I think they made it up on me.
    And is it a good deal?

    The base MF is .00018, this month. Residual is correct.

    Without the markup, it would be about $35/mo. less.

    That isn't many miles.... can you get away with 7.5K/yr?

    I'm ok with 7.5k/yr. Is there a different MF with the same car but without the tech pkg? The Msrp will be $40060. How much per month including tax will be a good deal? 8% tax and 0 down.
    Individual options and packages do not affect the MF and residual, just the trim level.

    How much per month will be a good deal on a quatro 2015 a4 premium.
     7.5k/mo 36 term. Mspr:$40595
    0 down. tax rate is 8%
    You should be able to negotiate 4-6% off MSRP ... once you have that number, we can model a payment.

    They quote me $411 included tax per month for this car. Is it a good deal? I haven't negotiate the price yet.
    They gave my $4880 dealer discount

    36/7.5 on A4 Premium Quattro is .00018 and 54%. Using the MSRP of $40,595, a selling price of $35,715 and an 8% tax rate, I calculate a payment of $425/mo. Your quote of $411/mo looks good by comparison.

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  • dfennigdfennig Member Posts: 21
    Hello, I'm looking to lease a 2015 A4 Premium Plus Quattro for 36 months, 12k miles per year. The car has an MSRP of $45,500 and a selling price of $40,040. What's the current Residual and MF (the dealer wouldn't give them to me) I live in Denver and my tax rate is 7.62%.

    Also, does Audi allow putting down mulitple security deposits?
    Thank you for your help!
  • MichaellMichaell Moderator Posts: 258,746
    dfennig said:

    Hello, I'm looking to lease a 2015 A4 Premium Plus Quattro for 36 months, 12k miles per year. The car has an MSRP of $45,500 and a selling price of $40,040. What's the current Residual and MF (the dealer wouldn't give them to me) I live in Denver and my tax rate is 7.62%.

    Also, does Audi allow putting down mulitple security deposits?
    Thank you for your help!

    .00018 and 50%.

    MSDs are allowed - maximum 9, each of which reduce the MF by .00005. In your case, only 2 will be allowed, as the minimum MF allowed by AFS is .00005

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  • cmrisnercmrisner Member Posts: 5
    I got a lease offer from a dealer for a 2015 A4 Quattro Premium 18" spoke wheels, MSRP of $39625 for $358.70 per month before tax and a $1029.25 drive off for a 36 mo 10k lease. Would this be a good deal?

    And if its relevant, this is in southern California.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 260,647
    cmrisner said:

    I got a lease offer from a dealer for a 2015 A4 Quattro Premium 18" spoke wheels, MSRP of $39625 for $358.70 per month before tax and a $1029.25 drive off for a 36 mo 10k lease. Would this be a good deal?

    And if its relevant, this is in southern California.

    Thanks!

    It would help to know the selling price and/or CAP cost... but, that sure seems like a good price..

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  • cmrisnercmrisner Member Posts: 5
    The total CAP cost is $35,348.18, good deal?
  • kyfdxkyfdx Moderator Posts: 260,647
    cmrisner said:

    The total CAP cost is $35,348.18, good deal?

    .00018 MF and 53% residual.

    I get a payment of $408/mo+tax. with those numbers... so, yeah.. your deal looks great.

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  • gpb59gpb59 Member Posts: 109
    cmrisner said:

    I got a lease offer from a dealer for a 2015 A4 Quattro Premium 18" spoke wheels, MSRP of $39625 for $358.70 per month before tax and a $1029.25 drive off for a 36 mo 10k lease. Would this be a good deal?

    And if its relevant, this is in southern California.

    Thanks!

    can you tell me what dealership this was? I'm also looking for about the same, thanks
  • aimersyoaimersyo Member Posts: 2
    edited July 2015
    Hi,

    I am helping my sister negotiate a lease on a 2015 A4 2.0T Premium (Tiptronic) 4 dr all-wheel D, with the technology package and premium plus. The initial offer she got when she test drove the car is as follows. I know I can get it lower, but don't have any experience with Audi.

    MSRP: $44,300
    Adjusted Price after rebate and discount: $37,600
    Add in some weird fees (Phantom FP?, Dealer services and Audi Care): $39,185.00
    Total price with acquisition fee,Title, License, Tax, etc: $42,612.31

    For 12K/year 36 month lease with no cash down they want $614. She doesnt want to pay over $500, can we get there?

    What is the Money factor and residual value for TX and also what payment would you come up with given the above numbers.

    Thanks!
  • MichaellMichaell Moderator Posts: 258,746
    aimersyo said:

    Hi,

    I am helping my sister negotiate a lease on a 2015 A4 2.0T Premium (Tiptronic) 4 dr all-wheel D, with the technology package and premium plus. The initial offer she got when she test drove the car is as follows. I know I can get it lower, but don't have any experience with Audi.

    MSRP: $44,300
    Adjusted Price after rebate and discount: $37,600
    Add in some weird fees (Phantom FP?, Dealer services and Audi Care): $39,185.00
    Total price with acquisition fee,Title, License, Tax, etc: $42,612.31

    For 12K/year 36 month lease with no cash down they want $614. She doesnt want to pay over $500, can we get there?

    What is the Money factor and residual value for TX and also what payment would you come up with given the above numbers.

    Thanks!

    .00018 and 52% for 36/12 on the A4 2.0T Quattro Premium. Add 1% if AudiCare is purchased.

    With your MSRP and total price, I get a payment of $543.37/mo. Texas taxes the entire selling price even if you lease, so that jacks up the payment quite a bit.

    You are getting a healthy discount from sticker (almost 15%) so not sure how much more room there is to negotiate there. Your sister can use MSDs to lower the MF, but the minimum MF allowed by Audi is .00005, so only 2 MSDs can be used (each MSD reduces the MF by .00005). Doing that takes the payment down to $536.76/mo.

    Not sure you can get to $500 or less .. perhaps she should look at the A3.

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  • aimersyoaimersyo Member Posts: 2
    Thank you for your quick response. are any of the sundry fees negotiable? I noticed a destination charge of $925 in the MSRP, an acquisition fee of $695 and also a dealer services fee of $497.00. And i don't know what Phantom FP is at $259.00.
  • MichaellMichaell Moderator Posts: 258,746
    aimersyo said:

    Thank you for your quick response. are any of the sundry fees negotiable? I noticed a destination charge of $925 in the MSRP, an acquisition fee of $695 and also a dealer services fee of $497.00. And i don't know what Phantom FP is at $259.00.

    Destination charge and acquisition fee are not negotiable. Dealer fee of $497 can be negotiated by getting a lower selling price.

    Never heard of the Phantom FP fee.

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  • jkovjkov Member Posts: 1
    Hi, could you provide the MF for tier 2 credit in CA this month? Is Tier 1 still 0.00018? Thanks!
  • kyfdxkyfdx Moderator Posts: 260,647
    jkov said:

    Hi, could you provide the MF for tier 2 credit in CA this month? Is Tier 1 still 0.00018? Thanks!

    Yes... .00018 for A4 Quattro

    Next tier down adds .00040

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  • jjohnson085jjohnson085 Member Posts: 53
    Hi,

    can you provide MF and residual for 36/12 for 2015 Audi Premium Plus Quattro with Tech Package in Florida.

    thanks!
  • MichaellMichaell Moderator Posts: 258,746

    Hi,

    can you provide MF and residual for 36/12 for 2015 Audi Premium Plus Quattro with Tech Package in Florida.

    thanks!

    .00018 and 50%

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  • sweendogysweendogy Member Posts: 1,310
    Can some one run me thru the MPG screens what does this mean on the 2nd page and if you can tell me what the 3rd is as well --thanks 
  • vazzy1vazzy1 Member Posts: 9
    I went to Audi a few months back just to see what kind of deal I could get. I wasn't prepared to lease the car so it was more to get an idea on what monthly payments would cost me. I am glad it was just that because as I am looking at this discussion and the money factors provided seems the deal they were trying to sell me was awful! I am ready to go back and lease the A4, can you please give me an idea of what a good deal would be. This is the information they gave me on the original deal

    2015 Audi A4 Quattro Premium Plus
    MSRP $44,170
    Residual % - 57% ($25,176.90)
    MF 0.00133
    selling price $42,000
    Adjusted cap cost $44,807.79
    amount due at start $2229.88
    Monthly payment $638.38
    State: NJ

    Ideally I would love to have the payments in the low $500, if possible. My credit score is above 780. I would appreciate any suggestions.
  • kyfdxkyfdx Moderator Posts: 260,647
    vazzy1 said:

    I went to Audi a few months back just to see what kind of deal I could get. I wasn't prepared to lease the car so it was more to get an idea on what monthly payments would cost me. I am glad it was just that because as I am looking at this discussion and the money factors provided seems the deal they were trying to sell me was awful! I am ready to go back and lease the A4, can you please give me an idea of what a good deal would be. This is the information they gave me on the original deal

    2015 Audi A4 Quattro Premium Plus
    MSRP $44,170
    Residual % - 57% ($25,176.90)
    MF 0.00133
    selling price $42,000
    Adjusted cap cost $44,807.79
    amount due at start $2229.88
    Monthly payment $638.38
    State: NJ

    Ideally I would love to have the payments in the low $500, if possible. My credit score is above 780. I would appreciate any suggestions.

    .00018 MF and 51% residual for 36mo, 10K/yr. is the current program.

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  • vazzy1vazzy1 Member Posts: 9
    kyfdx said:

    vazzy1 said:

    I went to Audi a few months back just to see what kind of deal I could get. I wasn't prepared to lease the car so it was more to get an idea on what monthly payments would cost me. I am glad it was just that because as I am looking at this discussion and the money factors provided seems the deal they were trying to sell me was awful! I am ready to go back and lease the A4, can you please give me an idea of what a good deal would be. This is the information they gave me on the original deal

    2015 Audi A4 Quattro Premium Plus
    MSRP $44,170
    Residual % - 57% ($25,176.90)
    MF 0.00133
    selling price $42,000
    Adjusted cap cost $44,807.79
    amount due at start $2229.88
    Monthly payment $638.38
    State: NJ

    Ideally I would love to have the payments in the low $500, if possible. My credit score is above 780. I would appreciate any suggestions.

    .00018 MF and 51% residual for 36mo, 10K/yr. is the current program.
    Thanks for the info! Seems like the numbers that are on this lease info sheet they gave me are way off. I should have mentioned I'm looking for 36/15k. Would the MF stay the same? Is it realistic to think that I can get the payment to be under $550?
  • kyfdxkyfdx Moderator Posts: 260,647
    vazzy1 said:

    kyfdx said:

    vazzy1 said:

    I went to Audi a few months back just to see what kind of deal I could get. I wasn't prepared to lease the car so it was more to get an idea on what monthly payments would cost me. I am glad it was just that because as I am looking at this discussion and the money factors provided seems the deal they were trying to sell me was awful! I am ready to go back and lease the A4, can you please give me an idea of what a good deal would be. This is the information they gave me on the original deal

    2015 Audi A4 Quattro Premium Plus
    MSRP $44,170
    Residual % - 57% ($25,176.90)
    MF 0.00133
    selling price $42,000
    Adjusted cap cost $44,807.79
    amount due at start $2229.88
    Monthly payment $638.38
    State: NJ

    Ideally I would love to have the payments in the low $500, if possible. My credit score is above 780. I would appreciate any suggestions.

    .00018 MF and 51% residual for 36mo, 10K/yr. is the current program.
    Thanks for the info! Seems like the numbers that are on this lease info sheet they gave me are way off. I should have mentioned I'm looking for 36/15k. Would the MF stay the same? Is it realistic to think that I can get the payment to be under $550?
    Subtract 3% from residual to go from 10K/yr to 15K/yr.

    Your numbers appear to be from a long time ago.. you need to start over. Numbers change monthly or quarterly, at least.

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  • mikemc237mikemc237 Member Posts: 7
    Hi

    Im looking at leasing an A4 and have meet with the dealer several times. I just wanted to get some general info to make sure the dealer is calculating everything correctly. I am trading in a car I have negative equity on. I owe around 3,600 left on the car. Its getting appraised at several dealers for 2,000.

    So my question is how does the actual math on the lease work with negative equity.

    One dealer is offering to give me 3,700 for trade in value on the car to "hide" the negative equity. quoting me the following write up.

    Price 39,980
    Incentive -2,750
    adjusted price 37,230

    trade allowance -3,728
    trade difference 33,501
    fee 187
    doc fee 300
    tax 2,296
    non tax fee 144

    net price 36,429
    trade payoff 3,645
    balance 40,074

    So my question is on the trade allowance and trade payout lines. Is this calculated correctly. I understand the trade allowance and the dealer covering the negative equity by giving me more for my trade than its really worth at 3,728. But why then are they rolling in almost the same amount to the final price of the car with a trade payoff of 3,645. Shouldn't they only be rolling in the difference between what my trade is worth and what they are giving me for a trade on the trade payoff line which would be 1,645.

    I understand I need to pay for the negative equity in some way but the dealer now has an asset that is worth 2K.

    Any help on negative equity math and different ways dealers handle this is appreciated. I just want to make sure i'm not getting screwed with creative math.

    Thanks
  • MichaellMichaell Moderator Posts: 258,746
    mikemc237 said:

    Hi

    Im looking at leasing an A4 and have meet with the dealer several times. I just wanted to get some general info to make sure the dealer is calculating everything correctly. I am trading in a car I have negative equity on. I owe around 3,600 left on the car. Its getting appraised at several dealers for 2,000.

    So my question is how does the actual math on the lease work with negative equity.

    One dealer is offering to give me 3,700 for trade in value on the car to "hide" the negative equity. quoting me the following write up.

    Price 39,980
    Incentive -2,750
    adjusted price 37,230

    trade allowance -3,728
    trade difference 33,501
    fee 187
    doc fee 300
    tax 2,296
    non tax fee 144

    net price 36,429
    trade payoff 3,645
    balance 40,074

    So my question is on the trade allowance and trade payout lines. Is this calculated correctly. I understand the trade allowance and the dealer covering the negative equity by giving me more for my trade than its really worth at 3,728. But why then are they rolling in almost the same amount to the final price of the car with a trade payoff of 3,645. Shouldn't they only be rolling in the difference between what my trade is worth and what they are giving me for a trade on the trade payoff line which would be 1,645.

    I understand I need to pay for the negative equity in some way but the dealer now has an asset that is worth 2K.

    Any help on negative equity math and different ways dealers handle this is appreciated. I just want to make sure i'm not getting screwed with creative math.

    Thanks

    If I understand this correctly, they are overallowing on both the trade value and the trade payoff to make the numbers look better on the worksheet. You're still putting the negative equity into the lease.

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  • mikemc237mikemc237 Member Posts: 7
    Yes they are giving me more for my trade value then using basically the same number as the trade payoff. I am fine putting the negative equity into the lease. I am just wondering if this is typical to put the same amount for both or should the trade payoff be lower since they now have my car. Or should I be asking for another incentive or discount to account for the actual value of my current car they are taking.
  • MichaellMichaell Moderator Posts: 258,746
    mikemc237 said:

    Yes they are giving me more for my trade value then using basically the same number as the trade payoff. I am fine putting the negative equity into the lease. I am just wondering if this is typical to put the same amount for both or should the trade payoff be lower since they now have my car. Or should I be asking for another incentive or discount to account for the actual value of my current car they are taking.

    Let's review, just to make sure we're on the same page.

    Actual value of trade in = $2000
    Amount owed on trade in = $3645

    Trade in allowance on paperwork = $3728
    Trade in payoff on paperwork = $3645

    So, the value of the trade in is inflated, but I suspect they are offsetting that by not giving you as big a discount on the price of the car you are leasing. With Audi, you should be able to negotiate 4-6% off sticker before any incentives are applied.

    So, the $1700 extra they are giving you in trade is simply that much of a discount on the new car you aren't getting. In the end, it's the same amount, just the math is different.

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  • mikemc237mikemc237 Member Posts: 7
    Thank you, yes we are on the same page and that makes sense to me now. It was just a bit confusing because they lumped the 1,700 extra incentive into the trade value which was close to the amount of my loan payoff .
  • ryanx253ryanx253 Member Posts: 1
    Idk why but this monthly payment seems much higher compared to the rest

    mf .00018
    51% 
    36/10k
    98375 zip code Washington state

    i owe 19k on my current car Audi A4 
    they said they will only give me 13k for it

    i haven't done any negotiations yet I just went in for a quick quote 






  • kyfdxkyfdx Moderator Posts: 260,647
    @ryanx253 $6000 of negative equity adds $170/mo. to a 36 month lease

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