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Audi A4 Lease Questions
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Comments
thanks
Cheers,
Chuck
I am very interested in an Audi A4 1.8T Quattro, pretty basic, with Premium Package. I realize I will likely be in the hole a bit but what could I expect a payment to be on this A4 for 36 mo, 15k per year, 0 down (except 1st pmt, title, etc...) given the situation with the Murano? I also realize that the payment will likely go up.
Any insight is appreciated!
Thanks!
I noticed some previous posts you made with rates back in March/April but was hoping you would know where I could get the current May rates.
I am looking for 10K and 12K residuals.
Thank you very much in advance for the help.
JAson
Where do they get those numbers from...cant seem to find anything on the net.
See what the Nissan is worth if a Nissan dealer bought it. That will tell you how much in thehole you are. Your max. obligation is your remaining payments
I want to know what Audi is offering at base.
MF .00054 = 1.29% (better than April)
Res. dropped 2 points from April - to 52% with Audi Care.
MSRP: $43,175
Selling Price: $42,585
36 months
10,000 miles
.00180 money factor
61% residual
$1,984.77 due at signing:1st mo payment($627.24), nj tire tax ($7.50), sec dep ($675), bank fee ($575), and doc fee($100).
Thanks for your help,
Donna
Donna
2.0 CVT
Premium Package
Wood Trim
Bluetooth Prep
Dolphin Grey Metallic
24 months - 10k Miles
$614 / month
.00179 MF
68% Residual
$810 Due at signing ($614 1st month + $185 Tags & Registration)
Audi doesn't have a holdback from manufacturer so this is not so odious - BUT beware and make it a point of negotiation if you can.
Also, many dealers around here have ridiculous doc fee of about $300 on top of actual title/reg fee.
First Payment 998
Monthly 410.93
Closed ended lease and everything. check out the audi website they have a current deal going....copied below...
"
Now, for a limited time, Audi is offering an exceptional lease through Audi Financial Services on a nicely equipped 2007 A4 2.0T quattro with Tiptronic transmission, Premium Package, and heated front seats. (See complete details below.) This offer is good through July 2, 2007 so hurry into your local Audi dealer today to take advantage of these winning savings.
2007 A4 2.0T quattro with Tiptronic transmission
$379 per month
36-month lease*
---------------------------------------------------
Down payment $999
Security deposit $400
Acquisition fee $575
First month payment $379
---------------------------------------------------
Amount due at lease inception $2,353
Excludes taxes, title and dealer fees. See dealer for details.
*36-month closed-end leases offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by July 2, 2007. 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. Rate based on $33,565.00 MSRP of 2007 A4 2.0T quattro with Tiptronic transmission, Premium Package, heated front seats and destination charge. Purchase option at lease end for $18,796.40. See dealer for details.
"
Good Luck
Thanks.
thanks!
seana g
2007 Audi A4 2.0T Quattro Auto
premimum pkg and heated seats
MSRP 33350
selling price 31959
36 months 10k miles
MF .00064
residual 56%
418/mo with with first payment and tax up front
i plugged in the numbers to the lease calculator and they dont add up can anyone help me get a better deal on this?
when we couldnt get a better deal they told us to come back next month because the numbers might be different which i found kind of odd.
thanks
If i can get the sale price lower and get the mf to the standard .00054 I should be where i want to be, but the next closest Audi dealer is 80 miles away!
The MF looks marked up as you indicate as it should be .00054, although the res at 56% seems better - I know it varies around the country from Audi Finance.
But ask them to sell at invoice - all they can do is say no and it is the end of the month and it is an 07.
I shopped at Sonnen in Marin, Santa Barbara Audi, Rusnack-Westlake and finally bought at Keyes in Van Nuys. The sales folks at the first three were pretty good but were not super knowledgable. But my salesman, Ali (Sayed Ali), at Keyes was excellent. He showed me all the Audi secrets _ (MF, Residual, etc.), played no games and gave me a great price.
Price: My quotes at the first three dealers ranged from $500 to $800 above invoice but Ali gave me the best price by far. (I can't quote it.)
MF: .00065 (You can do better if you are an Audi/VW customer).
Residual .52 (with Audicare).
Trade in: "Fair" price from Edmunds/KBB for a Saab with 106,000.
Now is a pretty good time to buy. It is the end of the model year and the MF is quite good. It seems to me though that while MF and residual fluctuate, the overall lease rate for A4s stays pretty much the same. But again, the price is good right now.
I was wondering if you might be able to share the quotes you got so i can go to the dealer with them.
If ANYONE has any good quotes direct from a dealer, can u please send them over to me? my email is GringoLibre@gmail.com.
since i am leasing in the long island area, quotes closer to my area would be most helpful.
thanks everyone, in advance.
it's har dto compare because I leased for 23,ooo/yr.
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You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle 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 leased vehicle's current value and how much it will cost you to buy it plus any remaining lease 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 lease to get another new vehicle.
The dealer that you are working with might say that they will absorb some of the hit that you will take from getting out of your current lease early for you, but all they really would be doing is taking some of the discount that you would have been able to negotiate on this car and using it to get you out of your lease. This will result in you getting a much worse deal on your new car than if you had waited until the end of your current one to get something new.
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Let's take a look at the selling price that you were quoted. The car that you described probably has a spread of around $3,000 between its full MSRP and its dealer invoice price. That is the exact discount that you are being given on it, so this aspect of your deal looks very attractive to me. Overall, I'd say that this is a good deal, but it would be even better if you can get the dealer to lower the money factor.
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I am looking at an Audi A4 2.0T AWD Cabriolet lease, 36 months, mf .0018, 15K/year and 59% residual w/Audi care. Selling price is $1250 over invoice.
Are there different money factors for different A4s?
Is this a good deal?
Thanks in advance.
here is their break down of the costs on the car-
Phantom Black Pearl effect-750.00 cost 683.00---- not the normal Black Paint.......
Sport Sport Suspension 228.00 cost 250.00
Audi Navigation 2100.00 cost 1911.00
Convenience 1800.00 cost 1638.00
Audi Package 1000.00 cost 910.00
Blue Tooth prep 500.00 cost 455.00
Destination 775.00 cost 750.00
NY state Audi AA 300.00 -you do not see on the Internet
Prep and inspection 195.00-you do not see on the Internet
Audi A4 3.2 37,640.00 cost 34866.00
1st month payment-657.22
Bank fee -575.00
Plates and fees -394.00
Up front taxes -58.14
Total out of pocket - 1684.36
I am sell you the car for $42961.00 which includes the I pod cable and no charge to you. The car did have $1000.00 profit ,but when you minus the Ipod cable charge(400.00) installed the profit drops to $600.00 over my invoice.
BOTTOM LINE: do i do it or no? thank you everyone for your help, especially car-man.
When you lease your car, you have a negotiated residual. If you want to trade in your leased vehicle through AFS, you simply pay the negotiated buyout price, which decreases each month of your lease until the end when it equals the residual value.
However, AFS will only sell the car at the contract price to you. So if you attempt to trade the car in to a dealer and buy a new car, they will give you a "special quote" based on "fair market value". This is much higher than the price you can buy the car for. And the quote they provide the dealer that they claim is based on fair market value actually is different based on the dealer. So the quote will be substantially lower for an Audi dealer to buy the car then for a non Audi dealer.
In other words, they will jack up the price making it impossible for you to trade in your Audi without paying significant out of pocket. This is truly a customer hostile policy. They will not negotiate. You can't buy the car and turn around and sell it to the dealer for the same price because you will incur substantial sales tax, unless you are in a no sales tax state.
So basically you can forget a lease trade in of an Audi without eating at least $1000. From what I understand, not every financing company does this, and in fact most don't.
While there is no question this is unfair and customer unfriendly, the question is whether it is even legal in all states or constitutes an unfair business practice.
As noted in my last post on the Avant that I did buy, I got a money factor - .00069 - that was much better than the .00093 that one dealer offered. I paid the .00015 extra as I did not put down a security deposit. I did get .52 on the residual (with Audicare).
Also, you don't own the car. How can you trade in a car you don't own? Are you saying other finance companies allow you to breach the terms of the lease, then buy the car below its residual? Can you actually name a finance company that would engage in such a money losing policy?
Or, are you talking about buying a car after you finished with your lease? If so, of course you pay what what the residual is - you already negotiated for that price when you originally leased the car. With Audi's subvented lease rates on the A4, you pay around 2% for the 36 months lease and then can buy the car at its residual. You then can pay it off with a normal used car loan or self finance. This means you pay 2% for 3 years, then 4-6% to pay off your residual.
2. The MF should not be .00080 but instead .00054 (or .00069 if no security deposit or not a previous Audi/VW finance customer).
3. Tell them you will not pay the local Audi advertising or inspection fees. They are simply adding to the cap cost.
4. Go to Edmunds and find the appraisal page and plug the numbers in and go prepared back to the dealer.
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