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Have you recently gone to a dealership expecting to find/purchase a cheap new (not used) sedan and found it to be more expensive than expected? Or did you even end up purchasing a new SUV because it ended up being a similar price to a new sedan?
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2013 and Earlier Audi A8 Lease Questions
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The money factor that you were quoted for this car is right in line with Audi Financial Services' buy rate for it. This is a good sign because it means that the dealer you are working with is not trying to mark your car's factor up to add additional back-end profit to your deal. As far as this car's selling price goes, you are only getting a $1,600 discount on a car that has at least a $4,700 spread between its full MSRP and dealer invoice prices. I am not all that familiar with what the market is like for the A8 right now, but if I was in the market for one I personally would want a bigger discount than that.
Car_man
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I am looking at getting a 2006 A8L with a few options - MSRP topping out at $80,800. My local dealership has put a "fleet deal" on the table - or about $1,500 above invoice. I am wondering if you could help me with some numbers. I would like the residuals, and money factors for the following: 48 months, 36 months, and 24 months with 12K/year and 15K/year. I figure if I am asking, I'll cover all bases
You are absolutely right that you would be much better off using the money that you have set aside for this lease to pay its first month's payment , security deposit, acquisition fee, etc... and then using the rest to make a bunch of payments for you.
Car_man
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Thanks in advance
Car_man
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Also: where do you get your info?
why are the lease rates so much higher now than they were on 2006 models?
i have an odd question about the lease i currently have on my 05 Audi A8. i leased my A8 in December of 04. the lease is for 2 years and 24000 miles. currently i have 4 payments remaining and only 10500 miles on the car. when i leased my vehicle i told my sales person that i was concerned that i would not put 24000 miles on the car. i expressed an interest in buying my A8 at the end of the lease. my sales person told me that the dealership would take ownership of the car at the end of the lease, CPO it for 100000 miles and then sell it back to me for less than the ending residual with Audi of America. well i stopped at the dealership last week to test drive an 07 S4. my sales person is now the floor manager. i asked again about purchasing my A8 in December and he told me he couldn't do what he initially said because Audi of America has changed their position and will not allow them to buy the car back and then resell it to me. he also said Audi insures their leases for any disparity in value when they conclude thus making it even harder for me to negotiate a purchase with Audi. since the ending residual is more than the actual book value of the car it has left me in a bit of a predicament. is what my sales person telling me accurate? do manufactures negotiate at the end of leases with their vehicles? if it is accurate wouldn't my salesperson have been aware of this when he leased me the car? was i mislead?
thanks!
The car will sticker for approx 75k
THanks
can't help on the current lease rates but as far as how much you should get off msrp it should be around 3k. if an 06 would be ok you could probably get get about 10k or 11k off msrp. Audi is currently offering 7k in dealer rebate money. good luck. the A8 is a fantastic car.
Car_man
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Car_man
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I am not personally all that familiar with what the market for this car is like right now, but you may be able to get an idea of how much you should pay by visiting the following discussion: "Audi A8: Prices Paid & Buying Experience".
Car_man
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It is such a great car - I don't understand why they depreciate so fast. It's crazy.
Stick
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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