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Audi A4 Lease Questions
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Comments
Thanks so much for the information. I'll be calling AFS this week to find out about scheduling the inspection.
I also, very belatedly, want to thank you for the info you provided me almost 3.5 years ago when I first leased this car. If it weren't for you, I would have gotten a pretty bad deal on the money factor on my lease. So thank you!!!
Sincerely,
Nale
The A4 lease special states:
2007 Audi A4 2.0 T quattro Special Lease Offer$349* lease per month for 36 months
Now through April 2, 2007
Down payment: $1,725
Refundable security deposit: $350
Acquisition fee: $575
First month's payment: $349
Amount due at lease inception: $2,999
EXCLUDES TAXES, TITLE AND DEALER FEES
*36-mo. closed-end lease offered to qualified customers by Audi Financial Services, Inc. through participating dealers. Must take delivery by 4/2/07. Rate based on $33,510 MSRP of 2007 Audi A4 2.0 T quattro with Premium pkg., heated front seats, and destination charge. Purchase option at lease end for $19,771.
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. See dealer for details. Refundable security deposit return subject to excess mileage and wear charges. For details, consult your Audi Financial Services contract.
... Where it says, "Required dealer contribution could affect final negotiated transaction" Does this mean that Audi will give the dealer either "dealer cash" or some sort of rebate since the contribution is required?
Thanks, please help!
It's nice to see you're STILL here! Thanks to your advice and info over the years, you've helped me, family, and friends get over 5 car leases (4Runner, IS300, Accord, RAV4, Gr. Cherokee...). Each time, the information has been a powerful tool in making an informed decision and knowing that we were getting a decent deal...I was a bit surprised when I saw the Smart Shopper Lease questions thread was closed, but I see you're answering questions here.
This time around, my sister has once again asked me to do research on an Audi A4 2.0T sedan( probably non-Quattro, unless they extend their current Quattro lease offer). Her current lease ends in late May 2007, so I'm trying to get an idea as to what to expect. I remember from before that residual values drop as we get further into the model year. Currently, it seems residuals are 59%/12K and 57%/15K. By late May, is it reasonable expect residuals to be lower by 2% respectively?
Also, do residuals differ much between Quattro and non-Quattro, or between manual and CVT, and do those differences stay consistent for the most part throughout the year?
I'd also some clarification on money factor trends and Audi. I've read some recent posts back to January here, and it seems .00080 to .00082 (for East coast) is their standard MF? Do they usually offer better MF to compensate for lower residuals? Again, looking for general trends.
Thanks.
IIRC, we won't be seeing the 2008 A4 until about August, right?
Can you give me any further info on what Audi is likely to do, given your knowledge of past Audi behavior, such as on likelihood of extending their current lease special? Also you mentioned previously that some manuf. allow "locking-in" of current offers...any disadvantages to that, given our situation?
Sorry for the multitude of questions, and thanks once again.
I live in NYC (Westchester) and I'm wondering what to expect to pay monthly and as a guesstimate on how much I should spend up front. I want an Audi A4 Quattro 6Speed with the S-Line sport package or a 36/mo lease at 15k a year. The website's MSRP is for $32,800.
Does anyone know the money factor and residuals are for the state of NY? Thank you.
`jay
'07 A4 2.0T Quattro Convertible - Premium and Convenience Pkgs, Heated front seats, Navigation, and Bluetooth
36 months, 15k miles/year
MSRP: $47,120
Cap Cost: $44,500 (approximately $1,000 over invoice)
Acq. Fee: $720
Audi Maintenance Program: $550
Cap Cost Reduction: $2,000
MF: .0008
Residual: 57%
Monthly payment (includes 8.25% sales tax): $569.69
Again, any help with these figures would be greatly appreciated before I begin to negotiate.
-KAT
The residual price is $17,300. Looking at what this car is currently selling for, this seems like it might be a good deal. Is it?
I am also concerned about a warranty going forward. I would have 6 months left on the factory warranty, and considering the cost of Audi repairs, I want to have a warranty. What are my options here?
Also, is there a chance that Audi Financial will negotiate on the residual price (perhaps in conjunction with a warranty)?
Thanks much, Frank
I have three questions:
1. Are the numbers I'm using correct?
2. Should I be able to get these figures for a factory order, since I'm finding Avants with manual transmission difficult to find?
3. Does Audi allow for the use of multiple security deposits to lower the MF?
Thanks,
Kevin
I am looking at leasing a Q7 (3.6l) and would like your advice on what some of the dealers are offering to lease this vehicle across the East coast. We went to a dealer yesterday and he quoted $ 699/mo based on a 36 month lease.
thanks,
raptorfan
Quick question with regards to the Audi Maintenance / Service plan. I know that it doesn't do anything for the residual value on 24/27 month leases, but I was wondering how much it costs. I've seen people suggest that the MSRP is about $500 bucks for a 36 month lease, but I'm wondering if it's less for a 24/27 mos lease.
Also, when calculating the lease price, is this included in the capitalized cost (and therefore included in the residual), or is this not included in the residual calculation?
Once again, thanks for your help.
2. ask your local dealer about "rate protection" with a factory order
3. yes, but the impact is nominal (.00005 per each extra security deposit)
Good luck,
John
Good luck,
John
Selling price - $41419 MSRP $42,995
rate - .00185
"adjusted residual" value (because of the Audi Care 1 percent adjustment?) - $27,946 -- earlier on the sheet it recites the residual as .65
The offer contemplates a significant up front payment of $3,970.75 made up of
acquisition fee - $575
cash - $2,000
document fee - $199.50
security deposit - $500
an unidentified figure of $696.25.
The monthly lease payment I've been quoted which includes taxes, Audi Care ($590?) and transportion costs to get the vehicle here is $497.33.
I'd appreciate your thoughts on this offer. The selling price appears to be about $1,800 over invoice, and we would not contemplate paying any more up front than absolutely necessary. Thanks in advance!
Thanks.
I was recently quoted a deal on a 07 A4 2.0 Cab CVT. What do you make of this deal? My current car has been a borderline lemon and I'm eager to get out of it, so I might get out early. Please tell me what you think of this deal.
2007 Audi
A4 2.0T cvt
Cab.
MSRP 41,070
it has Premium pkg. w/ bluetooth...
$0 out of your pocket...
36 month
15k miles per year
$555 + tax (they pay my last 2 payments totalling $1008)
Thanks, as ever for your advice.
Giampiero
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2007
36 months
heated front seats
upgraded sound with sirius
leather interior
$598 per month
is this a good deal?
You might want to think about checking www.roadfly.com and their "financing" forum for lease info on ALL vehicles. . .
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Audi's current lease program on the A4 is scheduled to run through April 2nd. I can give you an idea of what it is like now, but there is a decent chance that its May lease program for this car will be different than the current one. Audi Financial Services' current buy rate lease money factor for a 36 month lease of a 2007 Audi A4 2.0T Sedan without quattro is .00082 in the Central and Eastern U.S. and .00093 in the rest of the country. Its current 36 month, 15,000 mile per year residual value is 55%. With only 12,000 miles per year, this residual will be 2% higher. The money factors for the quattro version of this car are the same, but the residual value is 1% higher. It doesn't matter whether it has a manual or an automatic transmission. It's difficult to say what its May lease program will be like at this point. Its residual values may be a point or two lower. If they are though, there's always the chance that Audi will lower its money factors to compensate for the drop in an effort to maintain a similar level of payments.
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Audi Financial Services' current buy rate lease money factor for a 36 month lease of this car is .00175. It will waive its security deposit requirement for it in exchange for an increase of .00015 in the money factor.
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First time CarSpace user.
Have just started looking at a 2007 Audi A4 lease. From what I've been able to assess from this forum, what I've been quoted doesn't look like a very good deal. Here are the numbers with dealer comments. And my correspondence back to them.
Please advise. Thanks.
Dealer email to me:
New 2007 Audi A4 Avant 6 speed auto
Phantom Black (premium color) Ebony interior
Cold weather pkg
Convenience pkg
Premium audio w/satellite radio
Bluetooth phone prep
S line sport pkg
MSRP $41,785
Selling price $40,500 plus dmv
In both scenarios below I’ve also factored in the Audi care at $550. Audi financial allows a 1% increase to the balloon/residual with this option, payment goes up about $5. a month~ This covers your factory scheduled maintainance for 48 months or 50,000 miles.
Residual/balloon percentage on both with Audi care 15,000 miles a year is 53%
MF on lease .00148 with security deposit waiver
Interest rate on premier purchase 4.10%
36 month lease with $2,500 driveoffs (arbitrary number, can be less)
Cap cost $39,949
Payment $586.44
DMV $238
Cap red $1,338.56
Bank fee $575
$2500 total
Residual $22,146.05
Premier purchase with $2,500 down payment 15,000 miles a year factoring in the Audi care at $550
Financing $38,788
Payment is $569.69 finance charge is $3867.25 if taken to term. (no prepayment penalty on the premier purchase. Balloon is $22,146.05
Addressing the price I believe I’m being very aggressive right up front on this ‘S’ line avant. Our typical discount on these wagons was about $500 due to the limited availability, this price I’ve quoted you is also well below our Costco pricing on this model.
Here is the email i sent back to the dealer:
Invoice on the car that you describe, according to Edmunds, is $38,634. That's $1,866 over invoice on your deal. CarSpace/Edmunds is stating that we shouldn't be paying more than $1,000 over invoice and they are seeing some deals out there as low as $500 over invoice. Considering all this info, and the fact that the car is already on your lot, I think the deal should be better.
On the lease side, CarSpace/Edmunds as of yesterday stated that the Audi Financial Services current buy rate lease money on a 36 month lease with 15,000 miles is .00082. and that the dealer shouldn't be marking this up.
Thanks for your help CarSpace!
Second, it looks like you got the pretty typical (for savvy Edmunds folks) about $1700 under MSRP. Since you got an Avant and a rare one at that, sounds like you did well. But what is the 2% residual inflation number that you mention? Also, why do you report two monthly payments?
2007 A4 2.0T. 6spd manual. Premium package. Quartz grey paint. Walnut trim. MSRP 30635.
36 month lease, 12000 mi/yr. Drive off of 837.10.
Lease rate 0.00158
Monthly payments 494.35
Love the car.
Alternately, the dealer found the same car but with the convenience package also included for an MSRP of 32390. With same money factor, lease duration and mileage, the drive off is 979.49 and the monthly payment is 626.74
Your help appreciated.
Thanks again for the info. I have been quoted about $800 over Edmunds invoice and $200 over TMV. They seem to be shy about quoting MF and residual over the internet. I won't phone them and that seems to bother them.
I still got a year to go on my lease and am looking to try to turn it back into audi to pick up a new a4. I guess the question is: What kind of penalties or fees am I most likely going to be tacked with by trying to break the lease early, as well as being over on mileage. Would the dealerships be "willing" to take a hit for me if i bought another audi through them?
I heard if the leasing was ending and I was over on mileage and were probably to lease another audi that it would be easy to get the overage on mileage taken care of. But then again I do still have a year left.
Please advise. Thanks again. Of course if the penalties are too high, I can just wait till next year, but would like to pick up another car.
Thanks again in advance!