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Prices Paid: Buying & Leasing Experiences Audi A4 Prices Paid and Buying Experience
1543 messages, Last post on Dec 07, 2009 at 11:05 AM
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Anyone up late? I've got a couple of decisions to make. Lease or buy? Summer of Audi gives us either two loan payments or one lease payment. But, I'm not sure if I have all of the information to compare the two. I vaguely remember a $140/mo lower payment for leasing and an $18k +- buyout, but the rest was mumbo jumbo. Anyway, does anyone happen to know if, in general terms, Audi is offering a lower cost of money for leasing over buying? If it's a draw, I'll go with leasing because of the guaranteed ability to get out of the deal after three years. Loyalty/Conquest? We don't "officially" qualify, but can we fudge the facts and get another $1,000 or $1,500 back? Is the decision arbitrary and negotiable, or do we have to prove ownership of the appropriate vehicle? (If my brother owns it, I kind of own it, right?) For those who are shopping, here's our story: After looking at Mercedes C, and comparable Lexus and Infiniti models, my wife got an email from the internet guy at the Mercedes dealership we bought our last car from. He had a 2009 A4 Quattro with 3,000 miles for $29k. Not bad, so we decided to look. The car looked great; my wife decided that she like the styling better than any of the others, good reviews, rear seat folds down efficiently (surfboard and dogs) - let's make a deal. Test drove and slept on it, made an offer and accepted $28k. Car looked perfect, salesman said it was same as new, but I had my doubts and put a two-day right to cancel in the contract. Good thing I did, because the paint gauged at between 8 and 32 mils on the driver's side. This car had been repaired and re-painted! No problem, but it was a job that my expert friend judged to be really bad. (I thought it looked okay, until he had me put my head close to the ground where I could see obvious sanding marks, and until he had me look at the car in stark sunlight, where I could see that the clear coat on the doors was way yellower than on the adjacent quarter-panels.) Over the next two days, the unmistakable smell of cigarettes started emerging. It was plain as day but not at all there when we first looked at the car. Started calling around and found that the real (not sticker) price was only a bit higher than our great deal. Located the colors we wanted and decided to return the used car. On the way back to the dealership this morning, I started hearing new noises from the engine. They offered another $2k off if we wanted to keep it (almost brand-new A4 Quattro for $26k!) but we had already un-loved this particular car. The night before, I had emailed the six closest dealers and explained our situation. A couple responded, but only one took the time to actually check inventory and quote a price on our color/package choice. I didn't even haggle - $1,000 below invoice seemed to be a square deal. So, tomorrow, I'm picking up our brand-new A4 (fresh paint, no cigs!), with a $33,284 invoice for $32,284. Just a hair below Edmunds True Value Pricing (a bit above Cars Direct, but that's to be expected, I guess). And, by financing through Audi at 4.9% (we were going to pay cash), we get two payments made for us - about $1,300 or so. The dealer said to go ahead and pay it off whenever we want, but I read that the dealer gets stuck if we pay too early. Seems like a nice guy, so I'll double-check with him. If the dealer hadn't bluffed when we first said we were returning the first car, we would have gratefully accepted the $26,000 price. But, now we're paying an extra $6,000 just so we don't have to look at that door every time we get in the car, or worry about some funny noise that might be a result of racing a cold turbo. The only choices left are whether to switch to a lease (which I would gladly do if the 37 month cash flow is similar) and whether to tint the windows. The dealer said he would set me up and pass his price along for his local guy - I've had decent luck doing this when I get someone's discount and write a check directly. We want shade, not anonymity, so we're thinking 55%/35%. Still awake? Love to hear from you - this has happened way too fast!
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Replying to: ilikeike (Jun 08, 2009 11:34 pm) Bottom line, unless I saved at least $10k I wouldn't take the risk of buying a used car with shady history, probably not even then. |
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Having slept on it, we're both glad to have returned the used one and excited about having a brand new A4. We're picking it up this evening. When it comes to evaluating used cars, I guess that I'm as good as the next person. But, it's funny how the car looked perfect during the test drive and the first day at home, but after having a paint expert look at it and giving the cigarette smell some time to come up from deep within the upholstery, it felt like a completely different car than we expected. We could have lived with the paint problem, but my brother-in-law once had a truck with a cigarette smell that couldn't be removed. That would have really ruined the fun of having a new car. Hopefully, that A4 will end up being owned by someone who smokes. Just got off the phone. We decided on light (55%) tint all around on the new A4. I hope it's not too light, but my wife doesn't like dark tint when driving at night.
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Replying to: ilikeike (Jun 09, 2009 9:33 am) |
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Does anyone know what finance rates are available for June on Certified Pre-Owned A4s (36 month - 60 month term)? And do CPO purchases qualify for loyalty cash?
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Replying to: bellefax (Jun 10, 2009 10:41 am) We got an interest rate of 4.9% (60 months) on our new Audi and it sounded like the used car rate was about 5.25% or so. One thing that was obvious after our dealings - a good deal on a slightly used Audi (the one we were looking at had 3,000 miles) isn't that different than a great deal on a new Audi, particularly with the first two payments for free (and even better if you can get a Conquest or Loyalty rebate). Check out the Edmunds depreciation figures (part of True Cost to Own), and it doesn't look like there are any incredible savings to be had until the car is a few years old.
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Replying to: ilikeike (Jun 10, 2009 10:54 am) 1.9% for 24 months 1.9% for 36 months 2.9% for 48 months 3.9% for 60 months Don't let them tell you otherwise, its in their Summer of Audi packet. Edmunds and Yahoo also lists the same finance rates.
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Replying to: dht34 (Jun 10, 2009 11:08 am)
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Replying to: bellefax (Jun 10, 2009 11:24 am) |
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Hi, I am new to this forum so forgive me if these questions have been asked before. I want to buy a 2009 A4 Premium and am looking for a reputable Audi dealer on Long Island. There is not a lot of information on the web regarding dealer ratings or at least not for Audi. What there is seems to be fairly negative. Can anyone steer me in the right direction? I did test drive the car over at Legend in Ammityville and got a price of $33,000 for a A4 Quatro with the 6 automatic. The car is a Premium and the only extras are the paint. Thanks,
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