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Audi A3 Lease Questions

241 messages,  Last post on Nov 09, 2009 at 2:42 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#162 of 241
Re: Early return of Premier Purchased A3 [tzhang] by Car_man HOST
Dec 14, 2007 (2:31 am)
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Replying to: tzhang (Oct 18, 2007 6:47 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
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Prices Paid: Buying & Leasing Experiences Forum
#163 of 241
Re: '07 or '08 Lease? [theresa11] by Car_man HOST
Dec 14, 2007 (2:55 am)
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Replying to: theresa11 (Oct 24, 2007 7:52 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
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Prices Paid: Buying & Leasing Experiences Forum
#164 of 241
Re: 2008 Audi A3 Lease [cmel] by Car_man HOST
Dec 14, 2007 (2:57 am)
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Replying to: cmel (Dec 06, 2007 12:15 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
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Prices Paid: Buying & Leasing Experiences Forum
#165 of 241
Re: Current Lease Program [lulu20] by Car_man HOST
Dec 14, 2007 (3:12 am)
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Replying to: lulu20 (Dec 12, 2007 2:12 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
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Prices Paid: Buying & Leasing Experiences Forum
#166 of 241
Re: Current Lease Program [blakebart] by Car_man HOST
Dec 14, 2007 (3:18 am)
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Replying to: blakebart (Dec 13, 2007 8:52 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
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Prices Paid: Buying & Leasing Experiences Forum
#167 of 241
Re: Current Lease Program [Car_man] by lulu20
Dec 14, 2007 (6:12 am)
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Replying to: Car_man (Dec 14, 2007 3:12 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
#168 of 241
Re: Current Lease Program [lulu20] by lulu20
Dec 14, 2007 (8:00 am)
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Replying to: lulu20 (Dec 14, 2007 6:12 am)

Car_man,
 
Here's a specific response from one of the dealers and it seems that the MF is different from the one you stated is available in DC.
 
Here are the terms:
 
Down payment: $2,500
Refundable security deposit: $300
Acquisition fee: $575
First month's payment: $279
Amount due at lease inception: $3,654
Excludes taxes, title and dealer fees
55% and .00115
#169 of 241
Re: Current Lease Program [lulu20] by lulu20
Dec 15, 2007 (5:22 pm)
Reply

Replying to: lulu20 (Dec 14, 2007 8:00 am)

We went to look at some A3s
 
Here was our best offer
MSRP: 31,485
Selling Price: 29,350
MF: .0009
Residual: 55 (56 if we take the audi service)
 
what do you think? seems pretty great to us.
#171 of 241
Hey Car Man by jdmjd
Dec 31, 2007 (8:13 am)
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As a California resident my son (age 25) is seeking to take advantage of Audi's special leasing before the end of today on an Audi A3 automatic. He has been given the price as $29,988. He has been offered a monthly payment of $311.84 with a $2700 down payment. Based on a post I saw on your site, is it worth taking the $895 wear and tear insurance option. He will be driving the full 15,000 miles per year and goes snowboarding a lot. Also, you mentioned the ability to negotiate more miles at a discounted rate. Is this at the time of the lease or later into it? What is a good residual value for this car? Finally, is a $350 fee upon return of the car mandatory or can we bargain that one away? Thanks for your help

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