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Prices Paid: Buying & Leasing Experiences Audi A4 Prices Paid and Buying Experience
1540 messages, Last post on Dec 04, 2009 at 8:06 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: rjorge3 (Dec 23, 2008 10:56 pm) |
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Replying to: nycangelo (Dec 29, 2008 5:07 pm) |
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| Hello, I'm in the market for a new Audi 2009 A4 3.2 w. Prestige package. I've been to a couple of dealers in the NY area (Biener Audi, Huntington Audi, Atlantic Audi, Legend Audi) and found that most of the dealerships were relatively quite helpful and seemed not too untrustworthy. I was hoping to get some feedback from people who have purchased, leased, and have gotten maintenance from any of the Audi dealers in the NY area. I would also like to ask if there is a possibility of getting a better deal at the dealerships in NJ. A friend of mine is quite adamant that the Jersey dealers are cheaper and better to work with as she got a really good deal on her Mercedes E3 whatever it is. Any help would be greatly appreciated! Buying a car is very stressful so I am so grateful for this forum and others like it because I've learned a lot from reading about other peoples experiences. Thanks so much in advance! | |
I was wondering if it was a smart idea to tell 1 dealer what another dealer quoted you? I want to get as low an offer as possible and don't want to be limited with what the initial lower offer is. Any advice would be greatly appreciated! 
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Replying to: jkny516 (Jan 16, 2009 12:09 am) I will usually bargain a while with 3 or 4 dealers until I get the best price among them (including internet pricing). When it comes to crunch time and I prefer one dealer but he doesn't have the lowest price, I will share better offers from other dealers. I keep going until I have a deal which no other dealer will match or beat. |
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Replying to: jkny516 (Jan 14, 2009 6:14 pm)
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Replying to: nycangelo (Dec 29, 2008 5:07 pm) 1. There is really no such thing as a "down payment" on a lease and I wish that the federal government whould make such terminology illegal! You are paying for the value of the care (plus interest) that you are "using" over your 36 months and the 6K you gave the dealer is simply prepaying that amount. If you divide 6K by 35 months (=$171) your payments are really $329 + $171 = $500 per month. You could have kept the 6K in the bank and withdrawn $171 a month to make the payment and at least you would have made a few bucks in interest over the course of the lease! 2. Regarding the "buy out". This is a guaranteed fixed price in a closed end lease and in my 25 years of leasing I have never seen any situation under which this could be "negotiated down". This amount is in the contract and is fixed. If the car is worth this amount or more you may elect to buy it but if it is worth less you just turn it in and the leasing company takes the loss. Audi residuals in my experience are pretty accurate and generally the car is worth a grand or two more than they estimate. If you know of any leasing companies that "negotate down" the buy out please let me know!!
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Replying to: drjoed (Jan 21, 2009 1:46 pm) 1) The "down payment" on a lease does reduce the CAP cost, and therefore the amount subject to the money factor.. So, it does save money, in much the same way as a true downpayment on a loan. However, there are other very good reasons for not making a cap cost reduction, such as the possibility of total loss or theft, in which the whole amount may be lost. Just as in a loan, a big downpayment doesn't save as much interest as most people think... It isn't a 30 year mortgage, after all. 2) More and more, banks are negotiating residuals... This is what happens when the used car market implodes and cars returning from lease are worth many thousands less than the residual. Mercedes has been knocking $12K-$17K off the residuals of their returning R-Class vehicles, and BMW has been dropping $5K or more off X5s and other BMWs.. These are just two examples.. Some banks absolutely won't negotiate (i.e. Honda), and others require you to fight your way past a couple of levels of customer service, all insisting that they don't negotiate (but, they will). Consumers aren't entitled to a negotiation of their residual value, but that doesn't mean that a bank will ignore the chance to take a smaller loss at lease end. regards, kyfdx Host-Prices Paid Forums |
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Replying to: rayoub (Jan 21, 2009 7:29 am) Now, on the flip side, I am also shocked at the number of dealerships that are closing. I travel for a living and it takes me around the country. Scary stuff indeed. |
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Replying to: jkny516 (Jan 14, 2009 6:14 pm) |
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