Ask the Car People.SM


Audi A3 Lease Questions

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

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 27 of 35

#261 of 348 Re: car man can you help [eurocar3] by Car_man HOST

May 28, 2010 (2:46 am)

Replying to: eurocar3 (May 17, 2010 6:40 pm)
Hi eurocar3. Let's take a look at this deal. The dealer invoice price for the car that you described is $30,982. That puts the selling price that you were quoted at around $1,000 over invoice if the $500 loyalty cash has not already been taken into account and $1,500 over if it has. If you are in an area that has a decent level of competition, I would not be surprised in the least if you were able to negotiate a price more like $500 to $750 over invoice.
 
Also, the money factor that you were quoted for this car is way too high. Audi Financial Services' current buy rate lease money factor for a 36 month lease of a 2010 A3 2.0T quattro Premium is only .00043 for consumers who qualify for its top credit tier. Make sure that the dealer uses this factor to calculate your payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#262 of 348 A little lease advice needed by jp540

Jun 29, 2010 (9:10 pm)

Hello Car Man,
 
I'm looking to lease an A3 with a MSRP of $32,675 in California. Currently, Audi has a 10,000 mi/yr, 39 month lease special running on this car for $399 a month with $999 down.
 
My questions to you are:
 
1) If you think it would be reasonable to get this car for around $360 a month with 12,000 mi/yr?
 
2) Does a 12K vs 10K annual mileage affect the depreciation and lease rate structure? More so than just a tacked on extra $X amount per month?
 
3) Edmunds says the invoice price of this car is $30,448, though one dealer is telling me it's $31,069. Think there is any truth to this??
 
Thank You for your help.

#263 of 348 Re: A little lease advice needed [jp540] by kyfdx HOST

Jun 30, 2010 (5:45 am)

Replying to: jp540 (Jun 29, 2010 9:10 pm)
12K vs. 10K lowers the residual by 1%.. That will add about $9/mo, to the lease payment...
 
As to your first question, the lease you propose would result in a selling price of $1900 less than the advertised special.. Don't know if that's reasonable or not...

#264 of 348 Re: A little lease advice needed [jp540] by Car_man HOST

Jul 01, 2010 (3:52 am)

Replying to: jp540 (Jun 29, 2010 9:10 pm)
Hi jp540. Manufacturers' official advertised payments definitely usually leave a little meat on the bone in terms of the selling prices that are used to calculate them. The problem is that they don't include sales tax and they are usually for lower mileage allowances than most people drive. Once you switch the advertised lease to 12,000 miles per year and ad CA's massive sales tax there's a good chance that you'll be right back at the advertised payment, or even higher even if you are able to negotiate a lower selling price.
 
Switching from 10,000 miles per year to 12,000 miles per year lowers Audi Financial Services' residual value percentages by 1%.
 
I suspect that Edmunds.com has the dealer invoice price correct and that the dealer you spoke with is adding some sort of fee or fees to arrive at the higher price that they mentioned.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#265 of 348 Looking at 2010 A3 TDI by westoftown

Jul 04, 2010 (7:10 am)

Hi Carman,
 
I've got an '08 A3 2.0T with a lease that expires in mid-November. I've just spotted a 2010 A3 TDI Premium Plus with the convenience package, cold weather package, and Bose for $31543. Could you tell me the current residual rate and money factor for A3 TDIs for 3yr/36K leases? Is Audi running any customer loyalty program right now? Does Audi ever buy you out of an existing lease to get you into a new one, or should I expect to pay several month's worth of duplicate payments? Thanks for the help!

#266 of 348 Re: Looking at 2010 A3 TDI [westoftown] by Car_man HOST

Jul 07, 2010 (2:43 am)

Replying to: westoftown (Jul 04, 2010 7:10 am)
I'd be happy to help you out, westoftown. According to the latest information that I have seen, Audi Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 A3 TDI Premium Plus with 12,000 miles per year are .00174 and 51%, respectively. That residual value is definitely right, but the money factor might be old and off slightly.
 
Audi is currently running a loyalty program on the 2010 A3. It is providing $1,000 on purchases and $500 on leases to current owners and lessees of its vehicles.
 
A number of manufacturers run official early lease termination programs from time to time. While it's possible that Audi has such a program right now, I have not heard anything about it if it does. Chances are that you will be better off waiting until the scheduled end of your lease to get something new.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#267 of 348 Re: Looking at 2010 A3 TDI [Car_man] by nebatuga

Jul 09, 2010 (7:55 am)

Replying to: Car_man (Jul 07, 2010 2:43 am)
I'm really curious about how Audi handles early lease termination when you pick up a new Audi lease. I'm about half way into an A3 lease through AFS. When I had the car in to the dealer for service, I was browsing the showroom. A sales person came up and told me that it's no problem to turn in a car early, as long as you sign a lease on another Audi. He made it sound as if there were no penalties. They simply evaluate the market value of your current car, do some calculations, and voila!-- "here's what we can do on a new lease." He also said the "sweet spot" for market valuation of your current car is likely around the two year old point. I didn't get the specifics from him, nor am I able to find any information about how this process works. Anybody know?

#268 of 348 Re: Looking at 2010 A3 TDI [nebatuga] by jayrider

Jul 09, 2010 (8:04 am)

Replying to: nebatuga (Jul 09, 2010 7:55 am)
Check your lease for the residual. Then add up all your payments as if you put zero down. Check trade in values for your model and see if there is any equity. I doubt there is so you will be charged for the lease buyout. Have them run the numbers and don't forget you will lose the sales tax on the current a3 and be recharged for tax on the new one. Unless you are having problems with your current a3-- why even consider a swap unless you can save on the payments big time.

#269 of 348 Re: Looking at 2010 A3 TDI [jayrider] by nebatuga

Jul 09, 2010 (12:06 pm)

Replying to: jayrider (Jul 09, 2010 8:04 am)
Thanks.
 
How do you figure "equity," provided the three figures you reference in your post?
 
No problems with my A3. Really nice car. I like it just fine, but I haven't loved it (as I did previously leased A4s). I wouldn't have even considered trading, but the sales associate made it sound pretty easy. I figured if it's not too costly, I'd look into it. Obviously, I know that paying for the remaining payments (all 21 of them!) is too costly. But if there's no penalty for moving from one Audi lease to another, and you can roll into a new lease (or pay cash up front) a modest difference between whatever two values they use to determine a deal, then it might be worth considering. My suspicion is that it would be a pretty costly move, or more folks would do it.

#270 of 348 Re: Looking at 2010 A3 TDI [nebatuga] by jayrider

Jul 09, 2010 (12:44 pm)

Replying to: nebatuga (Jul 09, 2010 12:06 pm)
With 21 payments left, you will be penalized. To figure equity look at the residual value and add what you owe in payments. Then compare with the trade in values on various sites. If the trade in price is more than what you owe, you have some equity. I don't think the dealer is that hot for your A3 but you never know. Would wait until just a few months are left -- then test the waters.

Messages Page 27 of 35

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement