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Audi A3 Lease Questions

348 messages,  Last post on Mar 20, 2013 at 5:49 PM

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What is this discussion about? Audi A3, Car Leasing, Sedan

Messages Page 17 of 35

#158 of 348 Current Lease Program by lulu20

Dec 12, 2007 (3:12 pm)

Hello,
I am new to the forum and not all that brilliant at number crunching. Can someone evaluate this lease offer and provide an opinion on whether it's a decent deal? Or maybe throw in some tips on how to get a better deal? Thanks so much!!
 
$279 lease per month for 36 months
 
Down payment: $2,500
Refundable security deposit: $300
Acquisition fee: $575
First month's payment: $279
Amount due at lease inception: $3,654
 
36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 1/2/2008. Rate based on $29,305 MSRP of 2008 Audi A3 2.0T Premium 6-Speed with 6-speed manual transmission, premium package, panorama sunroof and destination charge. Purchase option at lease end for $16,118.
 
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.

#159 of 348 Re: Current Lease Program [lulu20] by blakebart

Dec 13, 2007 (9:47 pm)

Replying to: lulu20 (Dec 12, 2007 3:12 pm)
Hi,
It looks like the lease payment is too low, maybe a typo?
 
Here's the current A3 lease deal Audi is offering, seen on a California Audi dealer site:
 
_______________
 
$349* lease per month for 36 months
Now through January 2, 2008
 
Down payment: $2,499
Refundable security deposit: $350
Acquisition fee: $575
First month's payment: $349
Amount due at lease inception: $3,773
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 1/2/2008. Rate based on $30,785 MSRP of 2008 Audi A3 2.0 T with DSG, Premium package, open sky panoramic roof and destination charge. Purchase option at lease end for $16,932.
 
_______________
 
I'd LOVE to get an A3 for $279 a month if that's true

#160 of 348 Re: Current Lease Program [lulu20] by blakebart

Dec 13, 2007 (9:52 pm)

Replying to: lulu20 (Dec 12, 2007 3:12 pm)
Wait, I see it! You're right, $279 per month in DC! Whiskey Tango Foxtrot? Why would Audi have such a different program between east and west coast?

#161 of 348 Re: '07 or '08 Lease? [hnet] by Car_man HOST

Dec 14, 2007 (3:22 am)

Replying to: hnet (Oct 17, 2007 3:43 pm)
Hi hnet. Audi is running a special lease program on the 2008 A3 this month, but it is only available in certain areas, specifically California, Washington DC, and Florida. In these areas, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of an '08 A3 2.0T Premium with 12,000 miles per year are .00075 and 53%, respectively. The residual value for leases outside of these areas would be the same, but the money factor would increase to .00286. This lease program is scheduled to run through January 2nd.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#162 of 348 Re: Early return of Premier Purchased A3 [tzhang] by Car_man HOST

Dec 14, 2007 (3:31 am)

Replying to: tzhang (Oct 18, 2007 7:47 pm)
Hi tzhang. I am sorry to say that it is usually fairly expensive to get out of leases and balloon notes (which is what the Premier Purchase Program is) well before their scheduled end dates. In order to do so, you need to purchase the vehicle from Audi Financial Services. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your car by comparing its purchase price to its value on the open market at this time. You should place a call to AFS to find out its exact price. Once you know exactly how much money it is going to cost you to buy your A3 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 vehicle's current value and how much it will cost you to buy it plus any remaining 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 current deal to get another new vehicle.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#163 of 348 Re: '07 or '08 Lease? [theresa11] by Car_man HOST

Dec 14, 2007 (3:55 am)

Replying to: theresa11 (Oct 24, 2007 8:52 am)
Hi theresa11. In November Audi was providing $1,500 dealer cash on 2007 A3s, but as you have heard I do not believe that this cash incentive is available any longer.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#164 of 348 Re: 2008 Audi A3 Lease [cmel] by Car_man HOST

Dec 14, 2007 (3:57 am)

Replying to: cmel (Dec 06, 2007 1:15 pm)
Hello cmel. A selling price of below dealer invoice is an excellent deal on a leased 2008 Audi A3 right now. I don't think that you are going to be able to do much better than this. Just make sure that the dealer you are working with uses Audi Financial Services' current buy rate lease money factor of .00286 to calculate your monthly payment and you're all set. Audi is running an enhanced lease program on this car in California, Washington DC, and Florida.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#165 of 348 Re: Current Lease Program [lulu20] by Car_man HOST

Dec 14, 2007 (4:12 am)

Replying to: lulu20 (Dec 12, 2007 3:12 pm)
Welcome lulu20. You never mentioned the selling price of the A3 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you a detailed analysis of this deal if you let me know what its selling price is.
 
Is this an advertised lease payment? Where did you see it? If it is an official Audi advertisement, there is a good chance that it leaves a little meat on the bone so to speak and that you might be able to beat it by comparison shopping and haggling a little over the car's price.
 
One thing that I don't like about this deal is the $2,500 down payment. I always advise consumers against making capitalized cost reductions on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you would be better off going with a zero down lease on this car.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#166 of 348 Re: Current Lease Program [blakebart] by Car_man HOST

Dec 14, 2007 (4:18 am)

Replying to: blakebart (Dec 13, 2007 9:52 pm)
Hi blakebart. For some reason, Audi is running a special lease program on the '08 A3 in California, Washington DC, and Florida right now. Its money factor for this car in these areas is .00075, versus .00286 in the rest of the country. This will make a significant difference in its lease payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#167 of 348 Re: Current Lease Program [Car_man] by lulu20

Dec 14, 2007 (7:12 am)

Replying to: Car_man (Dec 14, 2007 4:12 am)
Thanks for the info car_man.
 
The deal I posted is an official Audi advert. in the DC area. I emailed all the local dealers (there are only 4) and asked what the selling price of the car is and got back responses that they would all be happy to schedule test drives, but nothing concrete in the way of a selling price number...
 
Do you have any tips on negotiating a better deal? What should I be especially certain to keep a lookout for?
 
Thanks so much!
 
Lulu

Messages Page 17 of 35

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