Audi A6 Lease Questions

kirsch1

Dear Car_Man:

What do you think about this quote (from NJ) : A 2007 A6 Avant with the Ipod adapter, cold pkg, power tailgate, conv pkg and tech pkg will have an MSRP of around $56,745. Your cost would be $500 over invoice which would be around $53,377 or a 36 month lease 10k per year of $777 per month and around $4000 out of pocket which includes taxes and all fees/motorvehicles.

Thanks!

CarMan@Edmunds

Hi rourakas. Let's take a look at the current lease program for the car that you are interested in. You never mentioned how long you want to lease it for or how many miles per year you need to be able to drive it, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Through July 31st, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2007 Audi A6 3.2 Sedan without quattro with 15,000 miles per year are .00085 and 43%, respectively (wow that's a pretty bad residual). The numbers for an otherwise identical lease of an '07 A6 4.2 Sedan are .00140 and 42%.

I'm not sure if the Daytona Grey is only available on models that have the S-Line package, but I don't see why that would be the case. Perhaps someone in the following discussion knows more information on this subject: "Audi A4 2005+".

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CarMan@Edmunds

Hey rourakas. While it would be possible for two dealerships to discuss customers, it is highly unlikely that this would happen when one is comparison shopping for a new car unless the two dealerships had the same owner or you were looking to have a dealer trade for a specific vehicle that has a certain set of options.

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CarMan@Edmunds

Hi jbfarraay. There's no need to be confused. If you don't fully understand how leasing works, you definitely should check out the following informative articles that are available here at Edmunds.com before doing any more shopping: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

You never mentioned the selling price or MSRP of the A6 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Hello kirsch1. $500 over dealer invoice is a good price for this car. Just make sure that the dealer that you are working with uses Audi Financial Services' current 36 month buy rate lease money factor of .00110 (for this model only) to calculate your monthly payment and you're in business.

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firefox1

Car man - I just got a first quote of 5k off of msrp for a 2007 A6 3.2 quattro. I am not sure if I want to lease or buy yet so I got a lease payment quote of 579.58/month for a 36/15k lease. I read posts where someone said they got 10k off but am wondering how far to push. Any thoughts? Is the 2008 much improved? This dealer has only 3 left - 1 I would consider.

nixyz123

I am currently in the market for an a6 lease with the following details
I am looking for 3.2 quattro with Nav and premium package etc with MSRp in the region of 52k. I am a part of audi supplier program which gives 6% off of MSRP in addition to all applicable retail incentives

Details for lease are 36 months/15K miles a year

My dealer has recommended that I lease a 2008 car as the residuals are very low on the 2007 car. I would appreciate if you could share the residuals and the money factor for both 2007 and 2008 cars with me

Additionally, my dealer did offer me almost 8-9K off of an 2007 model, due to dealer incentive +my Audi supplier discount. He claims I am not eligible for money back if I lease the car. Is that true?

nixyz123

Dear Car man

It would be great if you could react to my previous post

iceburg500

I would appreciate some feedback on my A6 offer. I live in Houston, TX

2008 Audi A6 Quattro/36month/15k miles yr, Interest 2.55 (they called it a Premeir lease), residual 49%, MSRP $52,925 (Technology+Premium Pck) + 590 audi care + TTL = Cap cost $57,968. With Zero down payment= $995monthly OR $2500 down= $925 monthly

Whats most confusing to me is that I leased a 2004 BMW 525i for $2500 down 36mon/15k yr for $605 monthly ??

CarMan@Edmunds

Hi firefox1. There is going to be a big difference between the selling price that you are quoted for a 2007 A6 that you want to lease and one that you want to purchase (pay cash for or finance / lease through an independent bank). This is because Audi is currently providing $5,000 dealer cash on the 2007 A6. This dealer cash is not compatible with Audi Financial Services' special lease program for this model. If I was in the market for this car right now, I personally would negotiate a selling price that is as close to dealer invoice as possible and then have the dealer calculate my lease payment using AFS' buy rate lease money factor of .00085.

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CarMan@Edmunds

Hi nixyz123. The dealer that told you the 2007 A6's residual values are pretty bad wasn't kidding. Audi Financial Services' 36 month, 15,000 mile per year residual for the 2007 A6 is currently only 42%. The 2008 model's residual for an identical lease is better at 48%, plus AFS is providing an attractive .00040 money factor on it. If I really wanted to lease an A6 right now, I probably would go with a 2008 model. If I was going to pay cash for an A6, I'd probably go with an '07 model and take advantage of the $5,000 dealer cash that is currently available on it. This dealer cash is not compatible with AFS' special lease program.

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CarMan@Edmunds

Hi iceburg500. This car's capitalized cost is so much higher than its MSRP. What is the selling price without the Audi Care or TTL added in? It will be much easier to evaluate this deal with that stuff stripped out.

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liferules

Just to ease your mind a little, the A6 even in 3.2 configuration is similar to (and in 2004 was better than) the 530, not 525, so the leases wouldn't be similar. That being said, AOA is notorious for not giving good lease rates compared with BMW.

Good luck.

iceburg500

Hi CarMan. The MSRP in my above post is what the dealer is asking for. They said sinces its an '08 they would sell @ MSRP. The thing that confuses me is that I pay $600 for a $55k car for 3yrs then why is a car in the same price range almost double ???

Thanks in advance for your very useful feedback.

strich

Car Man,
Please let me know your thoughts on this lease: 2008 A6 4.2 quattro, technology package, navigation, heated steering wheel, ipod connectivity with phantom black exterior. I was told the MSRP is $62,255. 36 mos, 10k miles, inception fees only of $1680 (includes first month), $890/month lease.
Thanks in advance for your help.

atlnln

Can someone please evaluate a lease deal for me. I have configured a 2008 Avant A6 loaded - almost every option. This car is available in another state.....The MSRP is $59315 with a sales price of $56104.69. With $5000.00 down, a doc fee of $399., a residual of 27284.90 (or 46%), and a lease rate of .00099, my payments are $875.00. I also am paying for a aftermarket fee of $590 for "Care" or 1 pt. as explained to me. ANY ROOM? ANY SUGGESTIONS? GOOD OR BAD DEAL. Thank you in advance for any comments...... :blush:

mooselook

Hey Car Man,
I'm considering replacing my A4 that's coming off lease, with a lease on a pre-owned A6. Ideally, I'd like to find a 2006 just coming off a 2 year lease. Do you know what the MF and Residual would be on a 24 mo 15,000 mi lease on a used A6?
Regards,
Mooselook

rjlaero

Forget leasing a used car in most cases. The leasing rates are usually terrible and it's more often than not cheaper to lease a brand new 08, even at a much higher sales price.

meadoel

A few days ago I saw an online reference to Audi offering $7500 on 2007 A6's. Since then, I can't find it anymore and Edmunds.com doesn't list any rebates either. Does anyone know if that program is still available?

cred

I'm finally considering selling my 2003 A6 and getting a 2008 A6 3.2 Quattro S-Line with the optional 19" wheels, Premium Pkg, and Tech Pkg. I know dealers are trying to 'blow out' the 2007's and deals are good, but was wondering if anybody knew of what the best money factor and residual value is for a new 2008 (I like some of the new std options on 2008, including S-line exterior) I'm thinking of leasing with 10K miles per year for 36 months. I've never leased before, but from what I've been hearing it's the way to go if you want a new car every 3 years or so.

ctfarmboy

Hi Car_man,
I'd like your opinion on an 2008 A6 3.2 Quattro.
MSRP $52,315, sell price $49,815. 15k per year, 36 months; MF .00040; residual 48%.
lease would be $0 down, $770/mth with tax included.

bmwbob

HI MEADOEL,

Audi is giving the dealerships $4,000 for selling a 2007 A6. When you figure the profit , difference between the MSRP and invoice, over $4,000. Then the dealer takes off their actual cost and gives the rest to the buyer. I.E. $4,000 factory money plus $3,500 +- profit after deducting the cost of pre-delivery (PDI), flooring and detailing with some advertising per vehicle. In my example $500. You get off of the vehicles MSRP about $7,500. Some dealers try and keep the factory incentive money $4,000 by not telling the buyer about it. Get informed before trying to make a deal!!
I made the same type of purchase last year on a 2006 A6 avant from Stevens Creek in San Jose,Ca

meadoel

Thank you. I thought it read that Audi was giving dealers 7500.. I guess not. Your comments are right on.... yesterday an Acura dealer told me that I couldn't bring the $3500 in marketing support to dealers into the negotiation.. it was money for the dealer only. I had to laugh.... I think the sales person actually believed that.

rjlaero

Just rememeber you can't use Audi dealer cash and still lease thru Audi Fiancial Services. You'll have to go thru a differnt bank.

Your better off buying an 07 model. It's cheaper to lease an 08, even with a lot less money off the MSRP. Banks kill residuals at the model year end.

bmwbob

rjlaero

You are correct.
CAUTION!! Most if not all Audi dealers that lease the 07's will use US Bank. The money factor is high even with an 850 credit score. The real problem is that US Bank adds on the sales tax onto the early payoff. i.e. payoff $ 38,976,27 plus $3,187.18 California sales tax. So if as I was going to do,sell my A6 Avant to a private party after 1 year on the lease for $42,500 and I wanted to transfer it into the new buyer who would then pay thr use (sales) tax on his own. But no!! US Bank would not wave the #3,187.18 sales tax. I feel that is's like a pre-payment penality!! The solution is to return the leased vehicle back to the dealership whereas they would run the vehicle thru their shop for inspection as a lease return and have the new buyer give the dealer a check for the private party selling price ($4,2500) and then they (dealer) would pay off US Bank the $38,976.27 and give me the differance after charging me $300 for the inspection!! A great deal for the dealer as they get another quick used car sale and charge the new buyer for the doc, sales tax and other fees.
I think what I'm saying is that US Bank sucks!! I have sold BMW's, and Porches to private parties without experiencing the above problem.

Bob

dwb959

Hi,

I have ~3-4 payments remaining on my current 2.7T lease. I'm way under mileage however because family size has changed I may be shopping the SUV market outside of the Audi family, (the Q7 is just too big for wifey). One dealer (Infinity) has already offered to pick up my remaining payments. However what is my obligation (if any) to Audi regarding the ballon payment? Since they're not getting the car back and I'm not planning on purchasing at lease end is there any responsibility on me? Does the new dealer transfer this car back to them?
Any help explaining this end process would be appreciated.
Thanks!
DB

nixyz123

CTfarmboy: I live in CT too and would appreciate if you could share which dealer offered you this price as I am looking to lease an almost identical car:)but have not negotiated as well as you did

Cheers

nixyz123

Having done some research on leasing an A6... thats not a bad price.:)

jabber

Carman or Kyfdx,

Can you validate this? Was at an Audi dealership in NJ Friday and they told me that if I got an 2008 A6 4.2 with Interior Sports Package that the residual would be 2% less. Seemed fishy to me. So they told me for 36 months and 12K miles it would normally be 49%, but with the Sports Package it would be 47%. The money factor was .00040. Are they being straight with me?

Thanks,
Jabber

rjlaero

Nothing fishy. The S line cars usually have a 2% less residual from Audi Financial, so they're being straight with you. The A4 lease is the same way with a lower S line residual value.

You can call 10 different Audi dealers and they'll all tell you the same thing.