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Audi A6 Lease Questions

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Comments

  • luvaudi19luvaudi19 Member Posts: 34
    You are correct in that there is truly $3500 now. The money factor is based on previous Audi Finacial customer or not. the extra .00015 is for security deposit waiver.

    I'm not always on the forums, so you can feel free to use the email in my profile for quicker answers.

    -Jerry
  • luvaudi19luvaudi19 Member Posts: 34
    Don't worry, I think the extra 1500 is Western Region only.

    -Jerry
  • krzyreeeshkrzyreeesh Member Posts: 4
    Hey Jerry,

    Thanks for the information. I confirmed that the extra $1500 is in fact in NY as well. After reading your post, I called several other dealers and asked them to match or beat the deal I got ($679 incl. tax for 36mos/15Kmiles w/ FMP+DMV OOP). One dealer actually walked me through the process and told me that the $2000 was a manufacturer to dealer incentive and the $1500 was a capitalized cost contribution.

    Translation:
    The $2000 is applied towards the negotiated selling price of the car.
    The $1500 is basically Audi giving you $1500 to put down on the car which is why my deal required so little out of pocket.

    After conferring with other dealers, no one could match the deal I got except maybe for a few dollars off. So I stuck with the deal and could not be happier.

    I went to several Audi dealers in Long Island and have done a lot of the legwork, so if anyone wants to benefit from it and pick my brain, feel free to PM/e-mail me or just respond here.

    In closing, I'd like to thank everyone in this forum for the immense amount of help they've given me in getting my last few lease deals. Leasing a car is no small task and is a huge commitment but the information given on this forum eases things up a lot. Because of this forum, a few years back I realized that I had to start shopping by which car had the best lease program rather than which car I wanted to get. I think we all are okay with dealers making a fair and reasonable profit, we just want to know what we are being charged for openly and honestly so we can make a rational decision.

    This board and others like it do so much to level the playing field between dealers and customers and have totally transformed the car leasing/buying process for so many people. And people like me who are frequent post-readers but seldom post ourselves are the ones that benefit from it. So for that, and to all the people who have helped me and my friends and family save tens of thousands of dollars, I say thank you.
  • krzyreeeshkrzyreeesh Member Posts: 4
    Here's the official statement from Audi's website about the additional $1500 (audiusa.com):

    Audi is pleased to offer you $1,500* towards the lease of a new 2008 Audi A6.

    *This offer is valid for a limited time only and can be combined with all other current Audi offer including special AFS lease rates. Offer requires financing with Audi Financial Services. New contract must be signed and vehicle delivery taken from dealer stock by May 2, 2008. Valid at participating Audi dealerships in the United States only. For complete details, please see dealer or call 1-800-FOR-AUDI.
  • vkjvkj Member Posts: 67
    i have a 2005 audi allroad whose lease is expiring at the end of June 08. the car seems to have held up its value pretty well. its a low mileage car with 23k on the odometer. the residual is around 25k and i would like some options and strategies about releasing it. the original msrp was about 44k and it think its blue book is around 28k. also i have a lease protection policy of about $5000 and i am trying to see if i can get this to cover some of the issues with the car or get an allowance for when it is eventually turned in ( the car needs new tires and the bumpers are pretty marked up from living and Parking in NYC). I saw on leasecompare.com Audi may have some pretty attractive lease rates on used audi's. I figure i would have to work with an audi dealer and that could make the car CPO and then lease it back to me.

    please provide any information here or direct me to the correct forum.

    thanks
  • trw4trw4 Member Posts: 1
    The advertised deal is $999 down, $575 acq fee, $549 1st mo pymt for total due up front of $2,123. 36 mo lease of $549 a mo. MSRP of $50,425 invoice of $46,950 (prem pkg incl $775 destination). MF of .00018 and 50% residual for 10k mi / yr. I tried to work backwards into the numbers from what I know. It appears Audi is basing these lease #'s on a sales price of $44,950 which is $2,000 below the invoice.

    Any thoughts about this lease offer? Is this one to jump on? I know several months ago the offer was $579 with $4k+ due at signing.
  • krzyreeeshkrzyreeesh Member Posts: 4
    As mentioned earlier, Audi is also providing a $1500 cap cost contribution in addition to the $2000 incentive. With the added contribution, it should make your total due up front around $600. As far as the deal, I don't know what the $999 down is about but the $549 a month does not include sales tax, title or registration so that has to be added as well.

    After a long time researching lease programs and wanting the A6, I finally jumped on the recent A6 promotion. The Audi money factor has been stellar for a while now but the residuals have always been pretty bad. It seems now that the auto industry is in a monumental slump, Audi's providing what amounts to a $3500 incentive to make its lease programs competitive with those of BMW, Acura, Volvo, etc.

    As far as jumping on this deal, I needed a car right away and I thought the Audi was the best car in its class. There are other deals to be had, however. I got quotes on the 528xi, A6 3.2 quattro, RL w/tech, Infiniti M35x, S80 V8 AWD and with the same deal structure, they all came within $25-35/month of one another (All under $680/month including NY tax). Which for me, meant that price was basically a wash and I was free to choose the car based on other factors.

    The S80 was heavily promoted the last few months and I'm sure that it will be the cheapest of the bunch when similarly equipped (I priced mine with the V8 instead of the V6).
    The RL is probably the best bang for the buck. It comes with the tech package so that pretty much has all the added options you would want in a car.
    The Infiniti M35x is a great car but the ride is a bit stiff and having a good friend who has a Murano, the interior felt far too 'Nissan' for me to spend that much money on.
    The 528xi is a great car and was the main alternative, but it received poor frontal crash test results from the NHTSA and poor side crash test results from the IIHS, which ruled it out for me.
    The A6 was the best balance for me. Best pick by IIHS. 5-star crash tests by NHTSA. Great driving dynamics. Very roomy and luxurious interior. Great standard options and inclusion of Audi Care Plan at a very very minimal cost.

    I also had originally considered the Cadillac CTS and the Mercedes Benz E350 but the CTS came out to the same price as the above cars and and I just felt that these cars were a step up. And the E350 was just way too expensive. The only car I didn't really consider because I don't like the brand or the interiors much was Jaguar.

    So that's why I chose the A6. Bottom line: There are a LOT of deals out there right now. And in the midsize/large luxury sedan segment, all the cars are relatively similar in price and the dealers/manufacturers know this. Do your research. Make sure whatever decision you make, that you get the best deal. But in the end, drive the car you want to (and will hopefully love to) drive for the next 3 years.

    Just my .02
  • jefferiahjefferiah Member Posts: 2
    I think I got a pretty good deal- what does everyone think:
    A6 3.2 quattro, Premium pkg, Tech pkg, Cold Weather pkg., Audi Care
    MSRP $53,525, invoice$49,833
    negot. price $48,892
    $3k down includes: $1,025 fees, 1st month payment of $533.82, the rest down payment)
    36 month, 12K with MF of .00018 and residual of 50%
    monthly payment = $533.82
    I think I did OK thanks to this website.
  • capsfancapsfan Member Posts: 5
    Jefferiah -

    Just wondering where did you get the deal?
  • jefferiahjefferiah Member Posts: 2
    Ira Audi, Danvers, MA. I think it was a good timing thing- they were trying to get rid of a silver w/ grey interior that was on the lot for awhile. That's what they said- not really sure how that works, but they were anxious to move this particular one. Wasn't my 1st choice of color but that's OK.
  • kylechoffmankylechoffman Member Posts: 79
    I would appreciate some input.

    I just got quoted the following lease rates for the cvt, non quattro A6:

    36 month 15k a year 46% and .00080

    24 month 15k a year 54% and .00080

    I am a USAA member so I get the car at 1000 under invoice plus any incentives. Can someone clarify the 2000 plus 1500 rebates/incentives and also confirm if the .00080 is right or wrong, as I have seen .00018 and .00033?

    Thanks
  • luvaudi19luvaudi19 Member Posts: 34
    currently, the money factor from AFS is .00018. The dealer is marking-up the rate.
  • fonefixerfonefixer Member Posts: 247
    Just make sure you give the car back after the lease is up. Have had almost 9 years of Audi ownership experience and this is not the type of automobile to OWN. Audis are lease-type vehicles that are given back at the end of the lease/warranty, no questions asked.
  • tee2nutee2nu Member Posts: 2
    Hi,

    I think I just got ripped off by a Audi Dealer in San Jose. They did not give me a clear money factor even they told me that the APR % was 2.5%. I signed the contract and need to sign a couple of more paperwork once the car is delivered. Is there anyway I can cancel the contract?

    I am paying $920/month for 15k/36mo. This includes taxes. The price negotiated is $900 over invoice for a total of $53,571.

    I really need help in getting this renegotiated or cancelled all together. Is there anyway to do this.

    Is the $3500 dealer incentive still in effect with a MF of .00018? I am going to raise hell and give the dealer a very poor service if I can't get this resolved.

    Thank you in Advanced for all your help! :mad:
  • luvaudi19luvaudi19 Member Posts: 34
    In CA, nothing is final until you take delivery of the car. If you have, you're SOL. If you have not yet....then call the dealer and tell them you are no longer interested: don't tell them because you think they ripped you off, but "something changed" in your life or some other PC excuse....

    You are correct about the dealer incentive and the MF.
  • mishmash1mishmash1 Member Posts: 16
    I'm a Current 2005 A6 leasee Looking to lease a new A6 with an MSRP of $55080. I've read there is $3500 total in incentives .Are they still available? Is this off the negotiated price or the MSRP? I'm looking for 36 mo. 15K a year. Is the residual still 47% for that? Will I get an additional 1% with the care plan still? Money factor still .00018?? Thank you all. You were a great help on my last lease. Looking for help again. I'll post my final deal for others. Any other suggestions? What is a good target for final cap cost? A lot here I know, sorry.
  • tee2nutee2nu Member Posts: 2
    Thanks luvaudi19. I took your advice and they re-negotiated. :) This forum is what the consumers need! My deal is below:

    $2500 off Invoice Price
    and MF .00043 about 1% apr
  • rjlaerorjlaero Member Posts: 659
    920 mo on an 53k A6 3.2 sounds high.

    Are you putting any money down, or trading something in w/ negative equity?

    If the car isn't delivered and sitting in your driveway, you can refuse to take delivery.

    Some laws state that if a customer never drove a car off the lot, the paperwork can't be enforced unless it hits the curb so to speak.

    Also, if signatures are missing, they can't send the paperwork in anyway.

    Even w/ no money down on a sign and drive, you should be able to lease a 53-54k A6 for low to mid 700's.
  • mishmash1mishmash1 Member Posts: 16
    Hi, tee what was your msrp/invoice/final cap cost/monthly payment? Your MF was higher then others have posted here? I've seen .00018 about .5% which sounds crazy but very nice.
  • mishmash1mishmash1 Member Posts: 16
    I'm getting quotes $2000 below invoice in the northeast but a higher MF (.00028) same residuals. Does anyone know of the $1500 extra in the northeast? Also, is anyone aware of other fees? Bank, dealer fees aside from DMV?
  • loggieloggie Member Posts: 55
    http://www.tristateaudidealers.com/audi/regional_aoa/tristate/AudiA6_LeaseOffer0- 8.html

    there is actually $3500 in incentives in the NYC area, see above
  • mishmash1mishmash1 Member Posts: 16
    Thanks loggie I was at the website too. How'd I miss that.
  • jabberjabber Member Posts: 64
    $575 Acquisition AND and $350 disposition. The acquisition fee is to be expected, but a disposition fee of $350??? Has anyone successfully negotiated that?
  • luvaudi19luvaudi19 Member Posts: 34
    sorry mate, but both are determined by AFS (Audi Financial Services) and the dealer has no control over this
  • jam550jam550 Member Posts: 10
    Hello all,

    Great insights on this board - I am hoping to just get to the bottom line and have folks list out what I should expect to pay to lease an A6 in Charlotte, NC. I will be looking for the base car with 36 months / 12k miles per year.

    Please let me know what my target cap cost should be when I speak to the dealers. Thanks!
  • mishmash1mishmash1 Member Posts: 16
  • jam550jam550 Member Posts: 10
    Thanks - looks good but since I am in Charlotte and will be buying after 5/2 it won;t apply. Anyone else? I am really hoping to go to the dealership armed with a target cap cost next week. Again, looking for this for an A6 Quattro. Thanks!
  • jpdcjpdc Member Posts: 17
    There are no guarantees, of course, but I suspect that it will still apply -- more or less. I brought in my 2004 A6 for service last week and spoke to the dealership about my lease-end options in July. They advised sitting tight because they have a lot of A6s to sell and they expect that the offers will only improve.

    My guy was upfront about the $3,500 in Audi cash that's available, at least in the DC area. Plus, he said I might qualify for $1,000 more in conquest money for "switching" from another luxury brand (my wife's car is a MB). Not sure if that will pan out, but it's in his interest if it does since I'm happy and he gets the money anyway from Audi. If that's not an option, and you currently drive an Audi, see if they're offering loyalty money instead. I was told there's none right now on the A6, but stay tuned because it moves around

    Anyway, assuming all that's true, I don't plan to pay more than invoice (not MSRP) less $3,500. The dealer then makes $1,000 -- which is fair enough. And I'll try to shave $500 off that. I know they want to sell me my car because I had them do all my maintenance for the last 4 years, and that's where the dealerships really make their money these days.

    Finally, don't let them make up the reduced sales price on the money factor. I'm not sure what it is right now, but others on this list will know. I do know it's heavily subsidized.

    So, in sum, get the dealer invoice price from Edmunds with all the options you want, then reduce it by at least $2,500 (and more if you can qualify for one of the other rebates), and IMHO that should be your target.
  • luvaudi19luvaudi19 Member Posts: 34
    From personal experience in the car business, leases should get worse as the model year ends from here on out. As the new year models show up, lease support for the older model year actually goes away in favor of "marketing allowance" that cannot be combined with special subvented lease rates.

    Currently, with the incentives on the vehicle and a money factor so close to 0, the current A6 lease really cannot get better as the year moves along (remember, the residual lowers as the model year moves along)
  • ytka98ytka98 Member Posts: 3
    I'm in LA area, got my A6, 2008 w/premium package, Nav and iPod connector (MSRP $49,165), a few days ago. $1300 down, $533/mo (including tax), 49% residual, 12K miles/yr, plus includes Audi Scheduled Maintenance. Money factor is crazy low 0.00018. Negotiated price down to approximately $40.6K +650 for scheduled maintenance – for those pricing A6. Note, money factor will expire as of May 2, 2008, if I’m not mistaking, not sure if they will keep it that low or will make it higher after.
  • mishmash1mishmash1 Member Posts: 16
    I feel I could have done better. There are $3500 in incentives out there. I captured only about $2357 of it. But after going to 5 dealerships I had enough. Thank you all for your help and posts.
    A6 3.2 Quattro
    36 MO. LEASE, 12K/YR, TAXES IN PAYMENT,
    MSRP: $55815
    INVOICE:$51918
    Cap Cost:$51061 +AUDI CARE($650)
    RESIDUAL: 50%
    MF: .00018
    Monthly $690
    Down: $1500 (Audi cash)
    1st month ($690)
    bank fee ($575)
    CONVEYANCE FEE???(added profit I guess) ($239)
    DMV ($155)
    Hope this helps some of you get a better deal!
  • jpdcjpdc Member Posts: 17
    Thanks luvaudi. That's a valuable perspective. I wonder why my sales guy said otherwise. He must know that I'll be ticked off if the deal he offers me is worse than I could have gotten earlier. Maybe he's just inexperienced.

    In any case, we're past May 2nd, so the old deal must have expired. I see a new lease deal on the A6, but it's not quite apples to apples. Does anyone know what the component parts are -- especially MF?
  • luvaudi19luvaudi19 Member Posts: 34
    Lease deals have gotten worse. MF stays the same at .00018. However, the resiudal dropped 2pts across the board for A6s (except the S6 which only went down 1%). Incentives now are $2500. (The $1500 expired and has not continued), and Audi is paying the 1st payment.

    As predicted, the lease payments are up compared to last month. Still a good lease though.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Congratulations on getting your new A6, mishmash1. Thanks for stopping back and snaring the details of your lease with everyone. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your sweet new ride (I've always liked the A6) :shades: .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • clh40clh40 Member Posts: 1
    JP,
    thanks for the info., can you tell me which dealer/saleperson you are dealing with as I am looking for an A6 lease in DC, did not have great experience at a dealer in VA?
  • colonotecolonote Member Posts: 7
    Does the Audi lease incentive ($2,500 cash back to dealer + pay 1st month's payment) also include waiving the $595 acquisition fee?
  • luvaudi19luvaudi19 Member Posts: 34
    Security deposit is waived, but the acq fee of $575 is not. However, Audi Financial requires it to be in the cap cost (actually works in the consumer's benefit) rather than due upfront.
  • jpdcjpdc Member Posts: 17
    Glad to help clh40. The dealer is Rockville Porsche Audi in Rockville, MD. We're not supposed to identify specific salespeople on these bulletin boards, so I'm reluctant to give a name. But he is their Internet sales specialist, so he should be pretty easy to track down.

    If that doesn't work, come back and we can figure out a way to do this off line.

    Good luck and let us know how it turns out. I'm not far behind you. My lease expires on July 2nd and I've pretty well decided to get another A6.
  • pharmxpharmx Member Posts: 2
    Leased yesterday in central NJ - here are the final details:

    A6 3.2 Quattro
    Premium package/iPod adapter/Audi care package included

    $ 3500 down payment
    $ 600/month for 35 months (Audi is picking up the first month's payment)
    Lease termination payment of $ 350
    No other payments whatsoever

    All NJ taxes included in the down payment.
    Money factor: 0.00018, RV = 49%

    This car ROCKS :-)
  • leaze4leaze4 Member Posts: 10
    Thanks, actually we were there this weekend -- did not get into lease details -- but drove A6, A5 -- the A5 is amazing -- makes me seriously consider waiting for the A4 which, as I understand it, will have same interior, engine, etc. options as A5 -- the A5 engine, shifting, general feel was superior to the 08 A6 -- the only problem is trying to figure out how the lease terms on the 09 A4 will compare...certainly they will be less favorable, but by how much...thanks for the info on the dealer, btw, I don't know if we met with the internet sales person, but will try to figure that out & pin down the lease differences, subsidies, etc.

    CLH
  • leaze4leaze4 Member Posts: 10
    actually, I was wrong we were at the Mile One/Herb Gordon dealers, will check out Rockville, thanks, CLH
  • colonotecolonote Member Posts: 7
    After you have the total cost of the car, how do you use the lease money factor to determine the monthly lease payment?
  • minaminaminamina Member Posts: 3
    Hello, growing up, my family has only owned cars and I also have only owned cars up until this point. Right now, I am considering leasing a car and this deal caught my eye:

    http://www.dcaudidealers.com/audi/regional_aoa/dc/A6_sse.html

    2008 Audi A6 3.2 Quattro
    $639* lease per month for 36 months
    $0 DUE AT SIGNING
    Now through July 2, 2008

    Down payment: $0
    Refundable security deposit: $0
    Acquisition fee: capitalized within lease contract ($575)
    First month's payment: $0
    Amount due at lease inception: $0

    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 7/2/2008. Rate based on $50,425.00 MSRP of 2008 Audi A6 3.2 Quattro with Premium Package (includes destination charge). Purchase option at lease end for $24,204


    I notice people here discussing deals different from this, even in the Washington DC area. Is this deal pretty much a rip-off? Or is it a good one that I should pursue? Also, how hard is it to qualify? I do not have much in the way of income or collateral, but I do have excellent credit (770+).

    Just completely new to this whole leasing concept....
  • pamipolipamipoli Member Posts: 2
    Hi. I've been looking to lease the same car. I'm curious how you go them down to $600 per month b/c audiusa.com is offering 639 per month at 10K miles. I need 15K and two dealers in NJ are telling me just to add another $45-50 to the payment so that woudl bring the lease up to $684 per month NOT including tax. They plugged no figures into the computer figuring out residuals or money factors. Also, does the audi lease include maintenance b/c one dealership offered to include maintance. Please advise.
  • rjlaerorjlaero Member Posts: 659
    lease deals on the Audi website are always very aggressive. They require a sizeable discount from the dealer, and all extra dealer money(s) and the lowest money rate factor are used in these ad to amke it attractive. So this add is not a rip-off.
  • minaminaminamina Member Posts: 3
    Thanks, so the deal is not a rip-off... In fact, it sounds very good if you're calling it aggressive.

    But now the question is, what are the chances of a dealer honoring these promotions? Oh well, I guess I'll be finding out when I start go shopping in the coming month...
  • mzigmzig Member Posts: 1
    i would assume we'll continue to see more "aggressive" A6 lease deals from audi in the next couple months. i'm in minneapolis and don't get the sense that '08 inventories are getting cleaned up much and dealers are still getting '08's from germany. am i way off base here? i realize the offset is residuals (continuing to fall) but inventories will always override this factor. am i missing something here, or will i benefit waiting till july to negotiate a new lease?
  • luvaudi19luvaudi19 Member Posts: 34
    Realize this is completely an assumption, but I think that A6 leases really cannot get any better. The A6 lease was actually less expensive in April than it is currently.

    With BMW FS recently hiking lease payments, I think most captive companies are going to follow suit.

    -Jerry
  • srynsryn Member Posts: 29
    I realize that this is a lease board, but I don't see any discussion re the Audi purchase/balloon program. I drove a 4.2 last weekend. In just generally discussing acquisition options w/ the salesperson (cash buy, finance, lease, etc.), she mentioned the balloon program is a buy program with a lot of lease features and, currently, has an interest rate that is a lot lower than the embedded interest rate / money factor in the audi lease program. She mentioned that the balloon program interest rate was only 2.9%, while the lease interest rate was 7%. Further, the balloon program, like a closed end lease, contains an annual mileage allowance and allows the buyer to turn the car in after a pre-determined period of time (e.g., 36 mos; 42 mos; etc). The interim payments are lease-like in amount; sometimes better.

    Has anyone had any experience with this?
  • jpdcjpdc Member Posts: 17
    I think you're talking about the Premium Purchase program -- which is what I opted for in 2004. It's definitely a good option, and works very much like a lease, but you have to run the numbers.

    For instance, I'm paying 1/2 % interest, virtually nothing and just a tiny fraction above the subsidized rate that was available for leases at the time. So there wasn't any advantage one way or the other. The tax was a bit higher because I had to pay the whole sales tax at the front end (albeit rolled into my cap cost) rather than the lease tax payment, which is paid in installments as you make monthly lease payments and only applies to the portion of the car's value that you "use" (about half over the life of the lease). But I didn't have to pay any of the lease fees (acquisition and disposition fees). I'm actually in the process of turning in the car, and it's working just like a lease would -- with one added benefit. Audi is willing to finance my balloon payment at my existing subsidized interest rate. And that's way below market. It's even below the subsidized rate on certified used Audis.

    When I ran the numbers, this program came out marginally cheaper, so I went for it and have no regrets. But I don't see any reason to do it unless it's cheaper.

    Right now, the lease money factor on an A6 3.2 is less than 1%. I don't believe the 4.2 has a similar subsidy, so it sounds like you're getting pretty straight information.
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