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2013 and Earlier Audi A8 Lease Questions
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Car_man
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I also rented the new Mercedes 2007 S550 and it was like a Chrysler! And about $130k with lots of options. I have owned three S Class Mercedes since 2000 and they were great. But this new 2007 was crap!
Can I ask you the specifics on your S8 lease deal. I've leased many cars and have never walked away on the plus side. I've just turned the car in and paid for any excess mileage.
Thanks
That being said, I helped the dealership that sold me my A8L by selling another 40 cars to other friends of mine, albeit A4 Turbo's, A6's, and about another 8 or so A8L's and two A8-W12's, and only dealt with the Fleet/Internet manager. He got me the car fully loaded, except for only the solar sunroof, but threw in the Auto-Armor, the 4-year unlimited tire/wheel replacement package, one-year of prepaid OnStar, the $399 a year package, which was the last year that Audi included that on any Audi - and that saved me about $7.5k. Then he took $8k off the MSRP of the car. So after putting the $10k down, I sold the 48-month lease car as if I had financed it. I used to import European cars in the mid-1980's before all of that ended, so I am familiar with hundreds of Euro cars. I also entered the market when leasing was one year away. Now, I leverage that, keep low miles on the Audi, and get a lot of money back, because I never and WOULD NEVER turn a lease car back in. I usually do a 42-48 month lease, depending on the car, it's residual, etc. But my 2005 A8L had a residual, after 48 months, of almost $49k. So, I sold it two years early and pocketed between $13k and $14k. Never turn in your leased car and get rid of it early. A four year lease usually breaks even, if you purchased (leased) the car at a good price, at between 24-30 months. So, I walked away with that money and then got almost the same freebies, although this time the tire/wheel warranty is illegal to sell in CA, there is NO ONSTAR anymore which I hate, but he threw in the auto-armor, Lo-Jack, and XM Satellite Radio, and reduced the MSRP by $3.5k. Most people cannot get a penny off MSRP, but I got that because I send the dealership a lot of business, albeit not 40 cars in a year anymore, but at least 10-15 finances, cash purchases, and leases. I called Beverly Hills Porsche Audi just to confirm that I had a great deal, and they quoted me $5400 drive-off on a 48-month lease with payments of around $2450 w/tax. But that did not include XM, or the auto-armor, or free Lo-Jack. So, the payment would've most likely been at least $90 higher.
The car had a sticker of about $112995 without ANY satellite radio, I hate Sirius, and they all come with that, and it's total crap, so the car is already pre-wired for any kind of satellite radio, so he got me a new XM Radio, with 90 days free so I can continue my family plan. I have four cars with XM and a portable unit as well.
So, I know the car will hold much more of it's value than what they are estimating - which is basically slightly less than my 2005 A8L at close to $88k, with a residual close to $49k. They are saying that this car will only be worth in the low $40's in four years. But because 2009 brings about the new RS8 with the 604HP engine, making it 0-62 in about 3.5 seconds, I am willing to gamble.
Plus the A8 series is being completely re-designed for 2009. I will order a 2009 RS8, most likely closer to $160k, because of the ceramic brakes and other features they will start to offer in 2008 and 2009, and the re-design of the car, and I bet I will get close to $85k for my car in 18 months. Because it's going, and I ordered a unique S8 color and interior, and because the car is just plain gorgeous.
Hope that helps. Never turn in a lease and sell it early until the lease "break-even" point. This is the best time to sell a leased car and pay it off as if it is a finance. I have been doing this since the late 1980's, and I always get a good chunk of money back, even on BMW's, and especially on the BMW M cars, and Porsche 911's!
Good luck.
Brian
Almost ready to lease an Audi A8L here in the Western burbs in Chicago. I already own an A6 - the wife loves it! I am wondering a few things. First off, this vehicle lists for $80,470 and includes the $4,400 Premium Package, the $1,900 19" wheel option, and the $550 Sorry-is Sat Radio. What kind of discount might I expect? And anyone know the residual and money factor for a 36 month lease? The guys at the dealer said the 36 month lease is the "sweet spot" these days and to expect the best money factor there. They also said that if I pay a $550 service fee, all scheduled maint. is covered. And finally, as a returning customer, there is supposedly some money factor discount?
I know I am asking for a lot, but this $50,000+ for a car is new territory for me. If it wasn't for the beauty and overall package of the A8L, I wouldn't even be doing this - the new A6 is just around the corner anyway.
Thanks in advance for your help.
Jim
This is actually a very cheap car because I had all the packages that were offered plus more than was ever shown on the sticker. I guess it was a better time and lower lease rate for the car. I hear know that you don't even get a real 19" or 20" wheel and tire, that they put that crappy Mercedes-type black wheel, which is smaller, and can't even register on the Tire Pressure System! How pathetic it's become so soon.
The car is great and I went back and leased a 48 month 2007 S8 which I love - but I got about $4k in free stuff and $3.5-4k off MSRP, and my drive-off was only $2500.
So I owe about $110k on the car and my first payment is about $2000 with tax on 02/01/07. I will dump it in about 16 months to get the new body style 2009 A8 and the new RS8 with the high-end Lambo engine in it for between 605-620HP.
I really can't help but this link came to my email.
Good luck. But get at least $10k off the car.
It was the fastest production car in the US at the time at 146mph.
My insurance was about $10.5k a year for the first year. So, I don't think of a car today at $150k or even $350k being expensive. If you do the math, I think my old 1983 928S would be a $400k+ car.
So, maybe you shouldn't stick with the low-end German stuff. I have had only about 550 cars since 1985, mostly about 490 Euro imports between 1984-1990. So, I am quite aware of the expense and insurance costs of these cars. I guess I just don't get it. Unless you pay $250k or more, why [non-permissible content removed] about the car. If it breaks down, purchase another one and move one. I mean a decent house in LA is about $5MM! And that's a poor person's house in LA terms.
I guess what I am saying is just get up to speed on cost in this country. There is no longer a middle, or upper middle class. You are either poor, the last of the upper middle class, or rich and/or super-rich (being above $500MM or so).
It's sad but someone voted Bush President!
Car_man
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Brian
I don't know where your buying your cars, but new A8's have between 4500-6000 markup depending on the options, and we don't work for free. At the end of the model year the factory puts money on the cars so, then and only then, is it possible to discount 10g's and not lose money.
I love the tweeters popping up and stuff, but with XM, CD, etc., I was kind of disappointed with an option that retails for about $6300. I did get about $600 off that option. I just hope it all works out.
I just went by a friend in a new Aston Vanquish S ($289k or so), he tried NOT to look but eventually did.
The car is truly gorgeous. And again, I have every option, except the Solar Sunroof, which I think is a waste in CA or anywhere sunny, because it's doesn't charge a separate battery to run the actual compressor, just the fans. So it can barely cool the car in the sun.
Car_man
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I started my quest for a new car this week and had no intentions of buying an A8. Well needless to say, one look and I was hooked. The offer I have on the table is the following:
A8 Short w/ premium, 19”, massage, Sirius
MSRP - $77970
Invoice - $72574 (according to KBB)
Offer - $73608
Residual – 44% (45% if I have them throw in the $599 maintenance program)
Money Factor – 0.00145
Payment with 7.75% tax - $1322.79
I’m in So Cal and wanted to know if the Residual and MF sound right for my region thru Audi Financial. A couple of posts back you stated that they were 46% and 0.0013. I just want to be sure that they are not marking these up. Also, do you think that there is room for further negotiation?
Thanks,
Tim-in-Cali
Car_man
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Thanks,
Tim-in-Cali ...
Car_man
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Thanks in advance!
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Car_man
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I need to turn in my Lexus LS at the end of August and want to lease (or buy) an 07 A8L. The numbers right now look pretty bad. I am looking for 36/48 month 15k.
1) Do you think Audi 2007 lease programs will get more aggressive when we get into August?
2) Right now, the lease program on the 2004s is great. DO you think that a similar program for the 2005's is coming soon? and is this a better value?
Thanks,
Confused.
Car_man
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The A8/S8 is currently the only car that has no year end dealer cash or special financing incentives. That leads me to believe there aren't a whole lot of 07 A8's sitting on dealer lots, and Audi isn't really worried about selling the last of them off.
You gotta buy the A8 because you really want it, not because of a cheap lease payment. You can get a 7 series for 150- 200/mo less money on a lease, but that doesn't seem to keep people from buying the A8.
And I think the minor reskin on the fender flares on 08 models has the 07 production cut short, and there aren't near as many cars left on dealers lots as last year this time.
I am going through a "lease broker" where the offer is to take over a lease from someone elses AUdi.
It is an Audi A8L, fully loaded (convenience pckg,leather arm rest, cold weather Pkg, 19 inch spoked wheels, front/rear parktronic, dual pane security glass,front seat vent/message, rear seat lumbar support). I believe it is certified and has another 50k on the warranty.
The price is 1050/month. No down payment since I am simply taking over his lease. It is a 2005 A8L with 25,000 miles with 28 months left on the lease.
Sounds pretty good, just don't know if this is currently a good lease price since the original buyer got this price 2 years ago.
Any thoughts??
I would verify that this A8 is certifed. I would never want to own an A8 out of warranty, so be careful about that.
Also, be aware that Audi changed it's policy and you can no longer transfer the 6/100k warranty. I think it was Aug/Sept of 2006 that was the cut-off for transferring CPO's, so make sure your car was purchased before that date and you can send the transfer form in for $150.
I checked and since I am simply assuming his lease, the owner (the bank) does not change. So I should not even need a transfer form. (at least that is what my lease broker says).
He sounds quite knowledgeable, so I guess I will go for it. If there is a problem I will let the forum know.
THanks again
C
Great to read your post. I have an 06A8L loaded with premium/sport package, front ventilation, massage, heat, sun shades, parking sensor and so on... my end of lease purchase price is 56K, and current millage is 19800.
You said never turn in a lease. In my case, shall I sell it myself? If so, how do it do it? My lease ends next month.
FYI, according to edmunds, trade in value is about 60K, private party price is 65K, dealer sell price is 69K, and CPO is 73K.
Thanks a lot for help.
ps. I try to lease a new A8L (need the size for family), 12K/yr, 2-3 yr lease. any idea how much to pay for same options (live is SoCal)?
A8's are wonderful cars, but you will take a big hit on depreciation. And they can be very hard to sell at times. Why spend that much on a used one when you can get a brand new one for not that much more?
With market allowances and rebates, few would pay 73k for a certified 2006 A8L.
There's $7,000 cash back right now on A8's. So a 82k brand new A8 has a net dealer cost of 70-71,000.
Edmunds numbers are way off base sometimes, so take that with a grain of salt. The high end of the market is very tough and there's a lot of competition out there.
Sometimes you're better off turning your high end car in and walking away and getting something else. Maintenace and repair are expensive for any high end car and they lose value quickly.
There's usually no incentives on A8 leases. If there's dealer cash, it's always at the end of the model year. There's dealer cash on leftover 2007's right now.
Unless you put a lot of money down, it's hard to get out of an A8 lease early. 9 times out of 10 the car won't be worth the current payoff.
Can you tell me what the current money factor and residuals are for the A8L?
Thanks,
Car_man
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