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Prices Paid: Buying & Leasing Experiences 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
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Hi guys. I have a 2006 A3 on lease in New England. The lease expires next month. I would like to buy the car. The residual is about $16k. I heard that dealers can buy it for $1k less than the residual. Audi currently has a "down to 0.9% APR on certified pre-owned cars" special advertised. This probably won't apply to the A3, but meh... this post is for someone to check my math. I can get bank/CU finance  5.99% APR. State tax is 7.5%. It seems the math goes like this: Car value: 16k Tax: 1200 Cost to buyout lease = $17200. If I finance with the bank/CU over 3 years, the payments are about $519, for a total of about $1500 in interest. Which is where it gets interesting...... Say the dealer buys it for $15k and certifies it as a pre-owned car (extra warranty etc) and then sells it to me for $18455 incl tax (approx $2175 profit before tax, certification and warranty fees). At 0.9% APR, that works out to the SAME $519/month for 36 months. So... the dealer gets money.... I get an extra warranty. Not sure if the leftover from the $2175 is going to be worth it to the dealer though ? Thoughts/comments/etc ?
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Replying to: anon123456 (Dec 01, 2008 2:20 pm) Anyone else have wholesale numbers? 
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Got me an A3 2.0 TFSI S-Tronic Lava Grey Convenience Package Premium Package Open Sky Cold Weather Package ==================================== 36mo/12K MSRP: $34,600 Negotiated Price: $31,500 Money Factor: .00011 (Audi Financial) Residual: 52% Down Payment: $2100 (covers first payment, tags, audi care, dealer fee) Monthly Payment: $390.21 Total Monthly: $429.23 INCLUDING tax Think I did pretty well and the dealership (Audi Tysons Corner VA) was a pleasure to work with. Two other local dealers couldn't touch their price.
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Replying to: oldirtymustard (Jan 01, 2009 12:38 pm) . Congratulations on getting your new A3. Thanks for taking the time to share the details of your lease with everyone. It sounds like you had a very positive dealer experience. If you'd like, you can share even more details about it by stopping by the Dealer Ratings & Reviews section of Edmunds.com. Enjoy your new ride  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: anon123456 (Dec 01, 2008 2:20 pm) |
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Hi guys. I know I didn't take any advantage of the new year's sales but I'm planning to lease a Audi A4. Does anybody know what is Residual Value and the Money Factor for this car? I know this is a Audi Forum but can Anyone help me with the same information for the BMW328i Thanks for your help....
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Replying to: botero (Jan 08, 2009 12:53 pm) Since we're already here, here's the info that you're looking for. Audi's lease program for the 2009 A4 varies by trim level, term, and mileage allowance. I will have to make some assumptions since you never mentioned what these variables are. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Audi A4 2.0T Sedan Premium with quattro and 15,000 miles per year are .00127 and 52%, respectively. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 BMW 328i with 15,000 miles per year are .00175 and 57%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hey Car_man, I am considering getting a second A3 for the family. Do you know hat the current residual/money factor values are in Massachusetts? Assumptions: 2009 A3 2.0T Front wheel drive (basic) 36 months 10K miles (also interested in 12K miles residual) Thanks, maxbos
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Replying to: maxbos (Jan 14, 2009 11:02 am) Since you are a current Audi owner or lessee you probably qualify for the $750 loyalty incentive that is currently available on AFS leases of this model Make sure to ask the dealer about it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I know I might be stoned to death in this forum but hopefully someone can help. I have a 2008 A3 which I leased in the spring. My monthly payment is $400 and some change, its been a FLAWLESS car, probably the finest tuned and well built machine I have had. Really want to have a payment around 200-250 and save the rest in the light of this great economy we have:( Any suggestions on where I should post? What website I could utilize (lease trader)? Or if this site knows anyone wanting to assume an easy lease of a great car here in Atlanta. any input would be great! |
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