Last post on Jun 19, 2013 at 11:55 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Audi A4, Car Leasing, Sedan, Wagon
#1183 of 4313 Re: Audi A4: Lease Questions [Car_man]
Feb 22, 2007 (12:17 pm)
Car_man...or other knowledgeable members:
I'm looking at a 2007 2.0TQ Avant (6spd, convenience, heated front seats, sports suspension, premium, and rear side airbags). I haven't negotiated any aspects of the deal, so I'm curious what you think I can gain in negotiations. Here's the first offer:
36 Month Lease
Price $35,500 (I backed into this #)
Down = First Month + $575 Acq
Tax = 7.7%
Monthly Payment = $475.55 + Tax
The salesman indicated that because Avants are rare, and 6 speed Avants even more rare, there wasn't much wiggle room on price. Any truth to this?
Also, I'll be trading in my 2002 A4 1.8tqm with an approximate trade-in value of $13,200 (Edmund's) and a payoff of $5,000. I don't want to apply this towards the down payment...will they cut me a check after the payoff? And, can I gain any tax credit for the trade-in? If so, how do I calculate this? (all the online calculators try to roll the equity into the down payment).
Thanks in advance!
#1184 of 4313 I can vouch for the rarity of MT6 Avants...hard to find!!!
Feb 22, 2007 (4:43 pm)
When I bought mine in Jan. 06 there were only 3 07 Avants with MT6 in the SF Bay area and something like 4 in the State of CA. I believe it because I called pretty much EVERY single dealer in the state trying to find one. Fortunately the one I wanted was close buy and available.
07 A4 Avant MT6 Brilliant black
Basically everything for $500 over invoice. Now this was on the absolute last day of the sales year...Jan 2, 07 so they were somewhat motivated to sell. fwiw
#1185 of 4313 Re: Audi A4: Lease Questions [pure3]
Feb 23, 2007 (12:06 am)
Car_man and other knowledgeable members,
A couple of Audi dealers have quoted me a certain invoice price for a 2007 A4. But when compared it to the Edmunds (or other websites') invoice price, they've added about $500 and call it the 'pre-inspection delivery' and 'ad-association fee'. This looks like a big scam to me and I just walked-away. I couldn't find much info on the web about such fees for new cars. So what is going on here?
Also, these dealers are asking for $500 above their "pumped" up invoice. Reading this thread and other threads on this forum, it does appear that these dealers are trying to overcharge - simply because of the lack of 2.0T A4 quattros with 6MT. Any thoughts?
#1186 of 4313 Re: Audi A4: Lease Questions [good_carma]
Feb 23, 2007 (10:50 am)
I am not an expert but I do know that "invoice" is not synonomous with "MSRP." That is, invoice is supposedly the dealer base from which every additional dollar is profit. Certainly there can be other hidden incentives but you seem to be saying that you are being ripped off if the dealer charges you something over their base. If you look back on this forum for the last 2 years (which I am guessing you have not), you will find that the actual sale price for A4s is normally between $500-$900 above invoice. But this price is for a group of knowledgeable buyers - Edmunds readers. Most folks pay more.
Feb 23, 2007 (11:57 am)
Sir. You rock. So I'm reverse engineering something like .0008 MF and somewhere like 66% residual on the 2007 A4 2.0 no Q Cabriolet. Is that correct?
Thanks again. I feel very confident I see what's going on now...
#1188 of 4313 Audi Lease experience : Do I have any options
Feb 23, 2007 (3:38 pm)
This is long. But any help would be highly appreciated.
I was interested in leasing an AUDI A4 2T Quattro. I had wanted to take delivery of the car on Dec 30, but due to the saleperson/ finance manager (at the dealership) not having given me complete information on all the documentation required the approval did not go through.
Thereafter, I finalized a lease on the vehicle and obtained the approval in the first week of January from Audi Finacial Services as per a special offer then currently being offered. $379 per month, Money Factor - .00115, Residual - 73%. I negotiated a deal $430 a month with only the first payment down.
Since I was travelling out of the country for a couple of weeks, I requested the dealership to be able to pick up the car after I return since I had not been able to take delivery when I wanted to be able to take it and I would now be taking delivery only to not use the car at all for the rest of the month. The dealership readily agreed and did not at any point inform me that there is an expiration date when the approval lapses.
I also made the PAYMENT FOR THE FIRST INSTALLMENT OF THE LEASE as a gesture of good faith and firm intention to lease the vehicle. A referral of mine did infact sign the lease and take delivery of another vehicle at that time (all conditions were identical).
I was scheduled to return on the 29th of January, but due to the global British Airways strike, my flight was cancelled and I could not return till the 6th of February. On calling the dealership upon my return I was informed that my approval had been cancelled (even though I had never been informed about a deadline) and I would have to get reapproved at the new (much higher) rates. The fact that I had already made the first payment was deemed irrelevant.
I do understand that the dealership could not reasonably be expected to hold the car indefinitely, but the least I could expect from AUDI and the dealership was to have been informed. I was not reachable by phone since I was abroad, but my email address as well as the contact details of my colleague and referral (we had finalized the deal for both the cars together) were with the dealership. I recieved neither an email nor did my colleague get word that the approval would be cancelled by a certain date so that I could have been informed.
I have called the dealership and they have informed me of their inability to do anything since this is in the hands of Audi Financial Services (AFS). I called the AFS helpline and the customer care associate informed me of her inability to help me. Do I have any options at all?
Thanks a lot,
#1189 of 4313 Re: I can vouch for the rarity of MT6 Avants...hard to find!!! [raidertt200
Feb 24, 2007 (2:52 pm)
That's a great deal. Any tips to get them to that price? (I know you asked on AW how to get down there).
Were there other factors involved, i.e. a trade-in or dealer extras like tint and clearbra? I'm having a hard time getting my dealer to go below $1,500 over invoice on a 6MT Sline Avant.
Maybe I need to order a car from California
#1190 of 4313 My lease deal
Feb 25, 2007 (11:12 am)
Picked up my 07 A4 2.0T S-Line w/ navi and DSG (no Titanium pkg) two weeks ago and it feels like I've been driving her for a lot longer than that already.
$1000 over invoice (I asked for $500 over)
3yr/15k miles a year
$1600 down (around $90 going to cap cost reduction)
I had about $2500 in negative equity from my trade-in so I had to roll that in
Security deposit was waived
Residual was 56% I believe, it went up 1% after I added the $550 Audi maintenance program but that only increased my monthly payments by $5.
MSRP on the car was just over $42k (I don't have the exact numbers in front of me).
I actually made my offer based on some deal that someone else on this forum got which was why I was asking for $500 over (they had gotten an S-Line too). Dealer told me he could do $500 over for a regular A4 but not the S-Line version. No big deal.
They offered me about $1k less on my trade-in but I was ok with that. However, they ran the carfax on my trade after the offer, discovered it was an accident before I owned it. Honda dealership I bought the car from did not disclose the accident from me at the time of purchase over a year ago. They told me it was a corporate car with a clean title (it had a little over 5k miles on it) and treated the sale like a new car and gave me the low finance rate (3.9%). Even after finding out about the accident, the Audi dealer did not back down on their initial offer and that really impressed me.
Saw my old Honda selling at a used car dealership down the street and they are asking about $3k more on it compared to what I traded it in for. After I factor in the tax credit I get for trading it in and the refund I'll be getting on the $1600 7yr/100k extended warranty I bought (and never used) it looks like I did pretty good on that trade-in afterall.
#1191 of 4313 Audi A4 lease
Feb 26, 2007 (3:53 pm)
Thinking of leasing a '07 A4 2.0T Quattro, wanted to know if this sounded about right....
Prem Pkg / Conv Pkg / Heated Seats
MSRP = $35,285
Invoice = $33,303
Price = $33,803
36mos/15K/ 0 down
Cash due = $1502.54 (1st month pay included)
payments = $463.54
#1192 of 4313 Audi A4 lease, Pennsylvania
Feb 27, 2007 (10:17 am)
Here's an quote I received today, what do you think?
Audi A4 quattro 2.0
Premium/Convenience/Cold Weather Pkg.
36 Months/20K miles per year
Selling Price: $34000
Money Factor: 0.0008
bank fee: 575
Total monthly: 556.56 including 50.56 of tax
I had everything capitalized based on your previous post advice. Also, there is a 10% tax in my area. Thanks!