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Smart Shopper Smart Shopper-Archives Lease Questions - Ask Here 
23872 messages, Last post on Sep 20, 2005 at 8:08 AM
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hey car man, i have read that certain fees can sometimes be eliminated from leases. I am interested in leasing an Audi 2.7t for 39 months w/12k per year and I am trying to determine my leasing options. The total list on the car is $47k and I am getting the car for $1200 over invoice($42.6k). I have perfect credit. |
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| Just got promotion and am in the 11th month of of a 4 year mitsubishi lease. I'd like to upgrade, possibly to a different brand. What should I do if I want to terminate early in order to minimize my costs? | |
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I am looking for a place beside the dealer to find residual and Money factors on a 2001 Audi A4 1.8T w/ Quattro, cold package, sport package, premium package, manual transmission, xenon, and ESP. I have dealt with a dealer and he would quote me different MF and residuals on the same car on the same day. I thought these to factors stayed the same. By the way i am in the midwest and have good credit, in case that makes a difference. Thanks in advance |
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Zscott1, I should be able to give you a good idea of what the current Audi Financial Services lease program is like on this car. However, I haven't seen their newest program yet. Please feel free to check back with me later on this week or early next week and I should have the information that you're looking for. Car_Man Smart Shoppers / FWI Co-Host |
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| Thank you car man. | |
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hey car man, When you look up the rates for zscott can you please address my situation, as well. I have read that certain fees (acquisition, disposition and bank)can sometimes be eliminated from leases. I am interested in leasing an Audi 2.7t for 39 months w/12k per year and I am trying to determine my leasing options. The total list on the car is $45.7k and I am getting the car for $1200 over invoice($42K). Destination of $550 is not included in the above. I have perfect credit. Thanks vkj |
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Zscott1, you are correct that a bank's lease money factors normally will be fairly stable on a short term basis. Audi Financial Services' lease program typically runs for about 30 days or so before it is revised. The current program is good from November 1st through December 5th. Right now, the lease money factor for a 2001 Audi A4 1.8t quattro is .00280 for up to 39 month terms. Furthermore, the 15,000 mi/yr residual values for this car are 62% for 30 months, 58% for 36 months, and 57% for 39 months. If you would like the residual values for any other term or mileage allowance, please let me know. Car_Man Smart Shoppers / FWI Co-Host |
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Vkj, individual dealerships really have no authority to waive a bank's security deposit, acquisition fee, or disposition fee on their own. What they can do is lower the price of the vehicle that you are interested by the amount of the acquisition fee to make it look as though there isn't one, or roll it into the vehicle's capitalized cost. Either way, it still exists. From time to time, lending institutions (usually only manufacturers' captive finance companies) will run leases without any money due at lease signing. These "sign and drive" leases will have waived acquisition fees and security deposits, and sometimes will also have waived first month's payments. Saturn is running such a program on certain cars right now. Still, these programs are the exception rather than the rule. It really wasn't clear in your post what other questions you would like me to answer. If you think of any, please feel free to ask. Thanks. Car_Man Smart Shoppers / FWI Co-Host |
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| Car_Man, do you have any thoughts on the pros/cons of leasing a used vehicle (1 to 3 years old). I am considering a new 2000.5 Passat (when it comes out) vs a used Audi A4 1.8 or possibly a used BMW 323i. How much difference would the money factors be for new vs used vehicles and does the slower depreciation of a couple year old car affect the payments that much? I am thinking of a 36 month lease. Thanks for your input! | |
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Hi Carsavvy. Leasing new vehicles can be a very good deal because many manufacturers provide lease support, usually either in the form of lease cash or supported lease money factors, that allows consumers to lease the vehicle at a very attractive monthly payment. In most instances, manufacturers are not currently providing any support on used vehicle leases. As a result, it often turns out that used vehicles aren't much less expensive to lease or than an equivalent brand new model. There are exceptions to this of course. BMW frequently provides lease support on its Certified Pre-Owned vehicles that make leases on them very attractive. Unfortunately, I personally do not follow manufacturers' used vehicle leasing programs all that closely and would not be able to tell you which vehicles currently have the most support available on them, if any. I suggest that you shop around at a couple of dealerships to get an idea of what it would cost you to lease a used Passat, A4, or 3-Series right now. Then compare those numbers to the cost of leasing a brand new model. You may find that the small difference in monthly payments does not justify going the used route. Car_Man Smart Shoppers / FWI Co-Host |
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