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Audi A4 Lease Questions
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I like the new 09 a4 too, but not sure if i would pay 600+ for the car.
i copied the following from the bmw link:
For the 525i
MSRP is 44,470
Cap Cost is 41,950 (MSRP - 2500 down - 645 discount + 625 Acq Fee)
Money Factor is 0.0016
Residual is 63% (36 mo/30K)
Payment is $499
For the 530i
MSRP is 51,245
Cap Cost is 49,545 (MSRP - 2500 down + 175 premium + 625 Acq Fee)
Money Factor is 0.0014
Residual is 63% (36 mo/30K)
Payment is $594
I have a leased 07 A4 that I'll be turning in on Dec 2. I already scheduled the lease end inspection with SGS. There are a few issues with the car that I suspect I may be charged for. One is that one of the underside plastic panels got damaged and when I took it into the dealer they said it needed to be replaced but that I should just do it at the end of the lease since it was an area that's prone to damage from curbs etc given the a4's low body frame. So, they actually removed the panel and gave it to me (it was dragging on the ground).
My question is this: if the SGS inspector doesnt crawl under the car and see it, am I free of my obligation to fix it if they find it at a later date, i.e. when I turn the vehicle in?
I know they could claim it happened after the inspection, but I was told by a friend to take some pics of it and anything else before the inspection with a newspaper in the photos to prove the damage already existed on a date before the inspection.
Also, is it worth it to spend $150 getting the car detailed before the inspection (there are a number of small scratches and one long scratch on the side that I suspect a detailer won't be able to get out), or should I just wash it myself and maybe buy a $10 bottle of quick detail and leather cleaner and do a little myself?
Thanks in advance for any thoughts!
I'm sure if I had waited I could have gotten a better deal. If saving money is important, this is not the time to buy/lease an A4, that's a no brainer.
I'm actually quite happy with the deal I got. No regrets. :shades:
So long as you are happy with your deal and have no regrets, then you made a deal that's good for you. But for others who visit this board, I think it's fair for them to hear from others who disagree. Personally, I'm with bchan88us on this. I LOVE the new A4. But I don't think any A4 should cost anyone $600+/mo. Now, give me an S4 (or better yet, an RS4), and that's an entirely different story...
Anyway, enjoy your new car. I'm hoping pricing is better in December when my current lease expires...
do you know the current lease residuals and money factor for an 09 A4 Avant premium plus with 15K per year?
tia
METEOR GRAY PEARL EFFECT, AUDI NAVIGATION,
Model: PRESTIGE ( top of the line )
MSRP $43,800
GRS CAP COST 41687.00
MONTHLY TAX 44.22
1ST PAYMENT 580.28
SALES TAX 0.00
MO PROP TAX 0.00
CAP RED 2212.07
LAH PREMIUM 0.00
SLS TAX UPFNT 233.65
CAP REDUCTN 2212.07
TOT MO PYMT 580.28
1ST YR FEES 354.00
SEC DEPOSIT 0.00
NET CAP COST 39474.93
TOT OF PYMTS 20890.08
OTHER UPFNT 620.00
ADJ RESIDUAL 24090.00
EST FEES/TERM 1006.00
TOT INIT PMT 4000.00
TOT TERM DEP 15384.93
TOT TAXES 1825.57
MONTHLY DEP 427.36
DUE ON DELIV 4000.00
MO LEASE CHG 108.70
BASE PAYMENT 536.06 ......
Thanks, Dil
AUDI NAVIGATION
PREMIUM PLUS
MSRP: $40,025
GRS CAP COST 38000.00
MONTHLY TAX 41.50
1ST PAYMENT 544.54
SALES TAX 0.00
MO PROP TAX 0.00
CAP RED 418.76
LAH PREMIUM 0.00
SLS TAX UPFNT 85.70
CAP REDUCTN 418.76
TOT MO PYMT 544.54
1ST YR FEES 331.00
SEC DEPOSIT 0.00
NET CAP COST 37581.24
TOT OF PYMTS 19603.44
OTHER UPFNT 620.00
ADJ RESIDUAL 23214.50
EST FEES/TERM 937.00
TOT INIT PMT 2000.00
TOT TERM DEP 14366.74
TOT TAXES 1579.70
MONTHLY DEP 399.08
DUE ON DELIV 2000.00
MO LEASE CHG 103.96
LIFE PREMIUM 0.00
TERM 36
BASE PAYMENT 503.04
This one is in my price range so do any of these look good?
Thanks Tons, Dil
Also, the Premium model has better residuals than the Premium Plus model, which has better residuals than the Prestige model..
The lease payments will be lower, relative to the MSRP on the Premium model, than on either of the other ones..
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Thanks,
Dil
2009 is a different ballgame for all car companies. Getting these ultra cheap leases on luxury cars is not going to happen anymore. BMW took a 400 million dollar charge off last year for their stupidly high residuals. They lost millions of dollars on lease cars that didn't hold their value.
Bottom line is that we're all going to be paying more for leasing in 2009 and beyond.
Lots of you folks might be driving hondas and toyotas instead. In the past, BMW might have been far better in leasing than Audi, but that's not true anymore.
As I had stated before, they will get smarter with the residuals to avoid those costly write-offs. But, rjlaero, I still think $650 is wayyyy to much, but at least someone took one for the team
To pay $650/month for a $40K car is absurd IMO. Yes I burn more gas on Q7 than A4. I've driven both, and Q7 is still more fun IMO with more status quo.
The reason is that the terminology is hard to master, making negotiations and understanding the deal almost impossible, at least on the spot. The dealer has a huge advantage with leasing. Sure, you get a lower monthly payment, but you don't get any equity either. It forces you to deal in monthly payments instead of purchase price and interest rates, a dealer's dream. Witness some of the posts, where people post all the terms of their deal for others to figure out, because they still have no idea if they paid too much.
Some common mistakes buyers make:
1-Not realizing that they are essentially buying the car, and failing to negotiate in terms of purchase price rather than monthly payment. Purchase price in leasing is the cap cost. Negotiating using monthly payment in leasing is as big a mistake as doing so when purchasing a car.
2-Not calculating what the interest rate is.
3-Leasing instead of buying! I don't think it's a good deal to pay three years on a car and walk away with no equity
Good luck out there, it's a tough world when you lease.
If you get the money factor and multiply by 2.4 you will have a good idea of the interest rate used on the lease.
However, this whole equity arguement is irksome to me. Most would think it not a good idea to pile a lot of equity into something that depreciates a rapidly as a car.
Also, many of us who finance will look at 60month terms and a down payment to achieve a reasonable monthly payment. Those that a disciplined enough to keep their cars 5-7 years may indeed be ahead of the game vs. those that lease.
If you find yourself trading out or wanting a new car on a more typical 3-4 year cycle, you'll still owe money to the bank. After you pay that off, you'll be lucky to get back what your DP was in equity, all the while being exposed to market variables. If you have maintained your car, physically and mechanically, that's gonna lessen its value (about what you'd pay after lease inspection).
And one way or another, mileage will cost you.
If the value goes up vs. the residual, you can always buy the car and resell.
I'm in the car business and have been leasing for over 20 years.
As with purchasing, know your facts and you can determine whats best for you.
Another factor operating right now is that the dollar is about to plunge and inflation is almost certain to rage over the next few years. As long as one is financially stable and otherwise out of debt, it's better to buy a car on credit, and pay back with the valueless dollars of the future. Consumer's revenge on the banksters for forcing us to bail out their epic fraud on Wall Street.
Is the lease deal on the Ausi A4 Prem + I have posted above a good deal or should I be waiting till Nov 4th to see what the new Audi lease deals might be?
Thanks for any feedback
Dil
With regard to the latter, folks who want a new, luxury car every 24-36 months will almost always be better off leasing, unless they are willing to pay significant monthly payment to carry only a 24- to 36-month new car loan.
As for the former, the equity issue tends to be a bit overstated. In reality, the remaining equity on a used car is subject not only to how the driver treats the car, but whether you get in an accident with it (your fault or otherwise) and how the market for that car develops (or recedes). SUV's a perfect example. I'd much rather be in a 2-year old lease on an SUV right now, than 2 years into a loan on a vehicle that's probably lost 20-30% of its used car "equity" in the last 12 months.
My point is that there's no cookie-cutter answer. So long as you've done your homework and know how to negotiate -- whether it be a lease or a purchase -- you should do fine and, frankly, should take whichever is a better deal at the time.
Also, a purchase doesn't always provide you with some equity in 2-3 years, specially if you are being charged high interest and did not put a large enough down payment.
G
650/mo "out the door" is not an outrageous amount of money for a prestige package 41k A4 with 15k miles and 0 cap cost down
BMW has on old 08 model 40k 328 xi on the internet for 459/mo. But that 459 does not include your state sales tax, nor does it compensate for 10 to 15k miles a year, which can easily increase your payment $50.mo - sales tax another 25/30 - there's 80 month right there.
Add in BMW's $2500 cap cost reduction for 36 month lease, that's 75 month right there. So your cheap 460.mo payment is now 610/mo when you compare "Apples to Apples" and add everything in.
And the prestige 09 A4 has a lot more equiptment on it that a 40k 328 xi.
You get the Bang Stereo, Side Assist, 18's, Advanced Key in addition to all the goodies on the premium plus model. Xenons, led's, bluetooth, sirius/ipod, memory seats, and a lot more.
The 09 A4 wins hands down on value for the $$ comapred to BMW and MB leases right now for 3 series and C class.
Read the print on BMW's current ad and do the math.
http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOffers/LeaseOfferD- etail.aspx?enc=NYGQuH08LNFYCIOf9gYQKA==
Money is very important in life, but for me, it's not the most important thing when looking at luxury cars. Let's say I could have had the same lease for $514/mo (mine is $614/mo without the AudiCare/Wheel protection crap) so essentially a $100 savings a month.
In my mind, that $3600 savings over 3 years is a wash and is made up by the fact that I got one of the first 2009 A4's in the Northeast US, I've yet to see any other ones on the road, getting praises and looks from people, making friends with Audi fans, and I love the car to death and am enjoying it thoroughly. There's something to be said about instant gratification
It again comes down to a personal call and your choice. If I want to waste my hard earned money on the car, that's my prerogative as it is for anybody else that decides to do the same.
So anyway having said all that, I'm up to 600 miles now and this thing is absolu-freaking-lutely amazing. Worth every penny so far
Or if you'd like, I am in the tri-state area, lets meet and walk into a BMW dealer and I'd bet you $650 that I will negotiate a lease on a equally equipped 08 328xi, that will be far less than the $650 he is paying...... hey! if you win, you can give him one month pmt.
Some people like to pay a premium to be the fist one to be seen and it is ok to overpay for something. Just dont claim that the price is a true reflection of what others (the majority) are willing to spend.
Nice looking ride by the way, I really like the black ext. Enjoy
i am about to lease an 09 A4 Avant premium plus in southern NJ
what is the money factor and residual for 36 months/15K year lease with audicare? what are the customary fees one needs to pay? motor vehicle fees, tax, small doc fee? is there a standard audi bank fee or acquisition or other fees? are security deposits required by audi?
TIA!
A4 2.0 SEDAN 4-DR AUTO QUATTRO
AUDI NAVIGATION
PREMIUM PLUS
MSRP: $40,025
GRS CAP COST 38000.00
MONTHLY TAX 41.50
1ST PAYMENT 544.54
SALES TAX 0.00
MO PROP TAX 0.00
CAP RED 418.76
LAH PREMIUM 0.00
SLS TAX UPFNT 85.70
CAP REDUCTN 418.76
TOT MO PYMT 544.54
1ST YR FEES 331.00
SEC DEPOSIT 0.00
NET CAP COST 37581.24
TOT OF PYMTS 19603.44
OTHER UPFNT 620.00
ADJ RESIDUAL 23214.50
EST FEES/TERM 937.00
TOT INIT PMT 2000.00
TOT TERM DEP 14366.74
TOT TAXES 1579.70
MONTHLY DEP 399.08
DUE ON DELIV 2000.00
MO LEASE CHG 103.96
LIFE PREMIUM 0.00
TERM 36
BASE PAYMENT 503.04 with tax around 540 a month
Thanks,
Dil
Then again, I can't tell if that is what the $2,000 is. Are you paying your taxes up front or are they rolled in? Lease pricing is pretty standard in how it is calculated. A good deal starts with good residual value (set by AUDI) and money factor (interest also set by Audi). All you can do from that point is work with the dealer on the negotiated price of the car. This is very important in leasing. You also want to make sure the dealership doesn't mark UP any of the money factors.
Thanks for the feedback, I was told 2k down includes tax, lic so on... I am not sure if he is applying the deposit from my 1st lease as a down payment to the 2nd car. Audi sent me a letter saying if I lease another car, I don't have to put a deposit down and insp turn in fee.
I talked to one of the lease people today and he said the car is about 500.00 over invoice. Since this car is a new design audi is not offer much, so he said check back in Nov when Audi will release new lease deals and or incentives, so I guess i am waiting
Thanks,
Dil
Dil
when i signed up, a box popped up saying i should contact the finance company. anyone have a similar situation they can share? thanks,
Thanks in advance,
Steve
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
At lease signing, Audi Financial Services charges a $575 acquisition fee, a security deposit equivalent to your car's monthly payment rounded up to the nearest $25 increment, the first payment, and any required state taxes or fees.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
With 258lb ft of torque, it's faster than a 328xi, is 250 lexus, or base MB V6. Most of those 6's don't have almost 260lb ft of torque. You need to drive the new 2.0T and you'll be amazed at how quick it is.
I have a 2008 A6 4.2 with 350 hp. I'm quite impressed with the new 09 2.0T, and it'll probably be my next car if I need to scale down a bit when my lease is up.
thanks Dave
A4 - 2009 with premium package - 10k miles a year, MSRP $35080
Down Payment $1000 + security
Monthly $470 for 36 months.
Does that sound like a good deal? I am thinking about putting an counter offer for $450 a month.
Thanks in advance
As you will see if you review the posts on this thread and others dealing with leases, you really should not negotiate based on monthly price -- you are doing yourself a disservice. Start by negotiating the price of the car as if you were going to buy it. (This will be called the capitalized cost on your lease paperwork). Then find out from the host of this board (i) the residual value for the model you want with the options/packages you want for the time period and mileage you want (the residual rate will fluctuate based on these factors, but is a "hard" number that generally is not negotiable); and (ii) the money factor (i.e., interest rate) as you are essentially financing the depreciation of the vehicle (there generally isn't room for negotiation on this point, either, so long as the dealer isn't marking up the base rate that Car_Man will give you).
If you negotiate based on monthly price, you will almost certainly be talked into putting money down. If so, you're really not getting a better deal, you're just pre-paying some of your monthly lease costs (although you will not be financing those amounts, so you will save on interest for those amounts). Conventional wisdom is that you shouldn't make any capital cost reductions (i.e., down payments) on leased vehicles, as you don't have any equity in the vehicle and if it's totaled as you drive off the lot you will lose the money.
- It comes with the premium package - 6cd change, bluetooth & ipod interface
- 36 months
- 10k/ year
Thanks for you help fellas
MSRP = 37,525.00
Adjusted Cap Cost = 35,000.00
57% residual
36 months
12000 miles
No money down
Taxes rolled in
_____________________________
$580.00 per month
Best deal I have heard of yet. Can you tell me where?
Thanks,
Steve
Congrats. Sounds like a good deal off MSRP. What was the interest rate? What city/dealer did you receive this pricing? Enjoy the car. It really handles well. I am considering the A4 as you and the AWD TL.
RXKE
What do you guys think about this deal I have on the table?
A LEASE FOR 36 MONTHS 15,000 miles on an A4 with premium pkg and navigation is $539 per month tax included with $1749. due at signing That is just inception fees no cap cost reduction the money factor is.00186 and the residual is 57%.
Unfortuately I don't have the selling price of the car.
I am also considering a 2009 Lexus IS 250 AWD for same term and miles for $546 per month (tax inc) with $1597.13 due at inception. MF is .0014 with residual of 53%.
Thanks for your responses.
For the same money, I'd take the new '09 A4 all day long.
The Audi deal sounds not bad. I m in NYC also. Can you please tell me know which dealer/salesman you get it from. Maybe we could go together to knock down more