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2013 and Earlier Audi A3 Lease Questions
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Been told by a couple of local dealers that a new leasing incentive just started for the A3's this month. Any idea how long the new incentives will last? Looking to get a 2008 2.0T w/ Premium Package, Open Sky, and iPod Interface. 36 month lease @ 12,000 miles per year.
Thanks!
hnet
I am wondering if it's possible to return a premier purchased A3 back to Audi early ? Currently I have 24-month payments to go.
Thanks
--TZH
My Audi dealer told me that they have dealer cash until October 26th. Seems like an odd date for the cash to end. Any idea of when it really ends? Am looking at a 2007 A3 w/premium, open sky, metallic paint and 6 CD. Any idea of price? They offered $27,900. Thanks for comments!
How much is the early termination charge for premier purchase program?
Thanks
--Tony
I’m looking to lease a 2008 A3 2.0T S tronic with Preminum package, open sky, and ipod interface. My local dealer offers me this:
MSRP Price: $32,385.00
Invoice Price: $29,845.00
Your Price: $29,500.00
Lease 36 months at 10K miles per year:
Drive Off: $2,000.00
36 months at: $365.01 + Tax
What do you think? Is this a good price or still can negotiable?
Thanks,
cmel
Who ever you do use, be prepared at the end of the lease to get charged plenty. Audi uses a third party to inspect cars, and this third party has nothing to loose in charging for bogus wear and tear charges. Then they will take the car off the lot the same day, so if you do have an issue, it cannot be re-inspected. It reaks of rip-off. BMW has a much better turn in program, and they seem to be honest. If you really want this car, I would purchase it rather then lease. If you do end up leasing, I will wager that it will be your last Audi.
I am new to the forum and not all that brilliant at number crunching. Can someone evaluate this lease offer and provide an opinion on whether it's a decent deal? Or maybe throw in some tips on how to get a better deal? Thanks so much!!
$279 lease per month for 36 months
Down payment: $2,500
Refundable security deposit: $300
Acquisition fee: $575
First month's payment: $279
Amount due at lease inception: $3,654
36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 1/2/2008. Rate based on $29,305 MSRP of 2008 Audi A3 2.0T Premium 6-Speed with 6-speed manual transmission, premium package, panorama sunroof and destination charge. Purchase option at lease end for $16,118.
Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end.
It looks like the lease payment is too low, maybe a typo?
Here's the current A3 lease deal Audi is offering, seen on a California Audi dealer site:
_______________
$349* lease per month for 36 months
Now through January 2, 2008
Down payment: $2,499
Refundable security deposit: $350
Acquisition fee: $575
First month's payment: $349
Amount due at lease inception: $3,773
Excludes taxes, title and dealer fees
*36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 1/2/2008. Rate based on $30,785 MSRP of 2008 Audi A3 2.0 T with DSG, Premium package, open sky panoramic roof and destination charge. Purchase option at lease end for $16,932.
_______________
I'd LOVE to get an A3 for $279 a month if that's true
Car_man
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You can determine approximately how much it will cost you to get out of your car by comparing its purchase price to its value on the open market at this time. You should place a call to AFS to find out its exact price. Once you know exactly how much money it is going to cost you to buy your A3 you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your vehicle's current value and how much it will cost you to buy it plus any remaining payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your current deal to get another new vehicle.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Is this an advertised lease payment? Where did you see it? If it is an official Audi advertisement, there is a good chance that it leaves a little meat on the bone so to speak and that you might be able to beat it by comparison shopping and haggling a little over the car's price.
One thing that I don't like about this deal is the $2,500 down payment. I always advise consumers against making capitalized cost reductions on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you would be better off going with a zero down lease on this car.
Car_man
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Car_man
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The deal I posted is an official Audi advert. in the DC area. I emailed all the local dealers (there are only 4) and asked what the selling price of the car is and got back responses that they would all be happy to schedule test drives, but nothing concrete in the way of a selling price number...
Do you have any tips on negotiating a better deal? What should I be especially certain to keep a lookout for?
Thanks so much!
Lulu
Here's a specific response from one of the dealers and it seems that the MF is different from the one you stated is available in DC.
Here are the terms:
Down payment: $2,500
Refundable security deposit: $300
Acquisition fee: $575
First month's payment: $279
Amount due at lease inception: $3,654
Excludes taxes, title and dealer fees
55% and .00115
Here was our best offer
MSRP: 31,485
Selling Price: 29,350
MF: .0009
Residual: 55 (56 if we take the audi service)
what do you think? seems pretty great to us.
also that money factor is high. the current base is .00081 which our dealer gave us, how is your credit?
im not sure your residual rate is correct on that car either.
I am wondering if Audi is offering a customer loyalty incentive as I currently have an A6.
Thanx Carman
Car_man
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If your son knows that he will drive more than 15,000 miles per year, he would be better off paying for the additional miles that he plans to use at lease signing than waiting until the end of his lease and having to pay a penalty for excess wear and tear. Miles that are purchased at signing are less expensive.
Audi Financial Services charges a $575 acquisition fee at lease signing and a $350 disposition fee at lease-end. Neither of these charges are negotiable, but AFS will waive its disposition fee for consumers who lease another vehicle through them.
It is difficult for me to give you my opinion on the selling price that your son was quoted for this car without knowing what its MSRP is. The MSRP will show me how much of a discount he is being given. Let me know what it is and I'll tell you what I think.,
I see that the deal that he was quoted includes a $2,700 down payment. He would be better off going with a zero down lease, even though it means his monthly payment will be a little higher. Consumers who make large down payments on leases risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.
Once your son has arrived at a selling price that he is comfortable with, make sure that the dealer calculates his lease payment using Audi Financial Services' buy rate lease money factor. AFS' current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Audi A3 2.0T with 15,000 miles per year are .00075 and 48% in California.
Car_man
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Unfortunately, Audi is not providing any owner loyalty cash on the A3 right now.
Car_man
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I live in Cincinnati, Ohio and I am looking for some input on whether the price I was quoted for a new 2007 A3 is a good one or not. The car is a 2.0T, 6 speed and not heavily optioned, only metallic paint and open sky. The MSRP is $27,910 and the selling price is $24,500, which includes the $590 maintenance cost waiver, if it is a purchase. This is the lowest the dealer will go.I thought 20% off the MSRP was a good price but that was rejected by the dealer.
If I lease it, the maintenance cost is added on which increases the residual a little. The lease would be 36 months, 12,000 miles per year, and a residual of 42% or $11,792. The money factor is 0.00206. I have a 2000 Audi A6 2.7T with 80,000 miles as a trade and was offered $6,500. The lease cost with the trade in is about $324/month and about $475/month if I take the trade in money back in cash.
My concern is that I'm not getting enough price reduction for a 2007, given the extra depreciation of the leftover 2007 model. I also think the trade in price is low,since the Edmunds estimate is about $8,500 but the dealer uses the Black Book. What do you think?
Thanks,
Mike
I'm interested leasing a 2008 A3 2.0T with S-line and S-tronic for 24-month, 12,000 miles/year. The residual and MF quoted to me by the dealer seem quite bad: 56% and .00345. I live in Texas, by the way. Do these number look right to you?
Thanks a bunch!
Car_man
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Below is the e-mail quote I received from the Internet Sales Manager:
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2008 Audi A3 2.0T S-Tronic
Lava Gray Pearl Effect
Light Gray Leather
Options:
Premium Package
Open Sky System
Heated Seats
Rear Side Airbags
Wood Trim
iPod Adapter
MSRP: $32,685
Internet Price: $31,272
36 month lease with 10K miles/year
$339 plus tax with $4,869 due at signing (structured like the lease ad).
or
36 month lease with 10K miles/year
$425 plus tax with $1,856 due at signing (I took out the $2,999 down payment).
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At this price, I'd probably head over to Infiniti for a G37
I'm coming to the end of my '04 Audi A4 lease. The cars been in two accidents and has been repaired, but nonetheless I am stressed about what awaits me at turn-in inspection.
I visited the dealership yesterday and they informed me that i had $5000 of wear and tear allowance built into my lease. Of course this was in context of me saying i was interested in getting into an A3. (Note, i lost my copy of the lease agreement in a house fire so I'm flying blind.)
A few questions:
1) Does the $5000 allowance sound legit? Or is this a ploy to get me into another audi.
2) Does anyone know what the MF, etc is on an A3 in Southern California is right now?
Thank you in advance,
Stressed
selling price: $30,667 (dealer cost $30,907)
Resid. value: 49% ($15,934)
Buy rate: .000700
Price Adjustment $949 (assuming this is to reduce the drive off)
Drive off $479
10k/36m $442 + tax
Thanks!
Car_man
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MSRP: $29,555
Final Negotiated Price: $27,281.00
Monthly Payment for 3yrs / 15K miles: $399.99
Money down was 2,000
Here's the breakdown for the down payment:
Cap Cost Reduction: $730.25
First monthly payment: $400
Acquisition Fee: $575
CA License Fee: $241
Doc Fee: $45
CA Tire Fee: $8.75
Purchased at Rusnak Audi, Pasadena, CA. A real pleasure to deal with. Their internet manager is patient, helpful and doesn't play games. He gave me the best price I'd seen on this vehicle with no negotiating.
I have been shopping around for an Audi A3, Manual, Premium Package and Open Sky - Lease 36 months/12K
The quotes I have been getting seem very hight to me: between $500 and $550.
What is the residual and money factore for such a car?
Is this due to the fact that they are trying to get rid of the 2008 A4 (the 1st answer i get from dealers when I inquired about the A3 is: "you should get an A4")???
Shoud I wait for July or August?
Thanks a lot for your help and advices.
Emmanuel
Car_man
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Car_man
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36mo/12K
MSRP: $38,025
Negotiated Price: $34,900
Money Factor: .00155 (Audi Financial)
Residual: 48%
T.O.P.: $3,400 ($1,900 Cap)
Monthly: $456.21 + tax
Could have gotten a better deal, but for a limited A3, im happy. Carman tell me i didnt get robbed :P
P.S. Last day of the month hostile walk in i was....
36mo/12K
Purchase Price : $28,873 (incl.tax and license)
Money Factor: .00155 (Audi Financial)
Residual: 45%
Money Down: $1,700 (incl. 1st month payment)
Monthly: $425 + tax
They say the lease terms are better on the A4. It's a more expensive car so I assume the payments might be about the same. I like the A3 better tho. But with these terms I may just look elsewhere. Any thoughts?
Car_man
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Sell Price - 31750
36 month / 15k miles
$550/month including tax
$999 due at signing
Car_man
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Premium
Convenience
Nav
Open Sky
MRSP: $36,050
Price quoted: $32,995
I should start by saying I've never leased a car before. I usually just buy them. I went in purchase this car for cash on the best price I could negotiate. I'm also looking to trade in my 2000 S4 w/110k mi.
They only offered me $5k for my trade.
Then I asked what the lease terms would be if I applied the $5k trade as my cash down.
36 mo/10,000 miles/yr
MSRP: 36,050
Residual %: 52%
Initial cap cost: 32,995
Lease Money Factor: .00110
Monthly payment: 386.36
Any advice? I know I should get more for my trade but they gave me the story about how hard these cars (older S4s) are to sell at auction these days, blah, blah.
If I just buy the car outright is 3K off MSRP typical? It was the best "Internet offer" I received.