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Audi A4 Lease Questions

3145 messages,  Last post on Dec 04, 2009 at 11:32 PM

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What is this discussion about? Audi A4, Car Leasing, Sedan, Wagon

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#1377 of 3145 Re: A4 Lease Deal? [eurocarlov] by Car_man HOST Jun 01, 2007 (1:27 am)
Replying to: eurocarlov (May 09, 2007 12:59 pm) Hi eurocarlov. It is difficult for me to say how much it would cost to get out of your Murano lease at this point, but I suspect that it will be pretty expensive. What I can do is tell you how much the A4 that you are interested in would cost to lease without taking the Murano into account. In order for me to do so, I need you to provide me with the MSRP and approximate selling price of the exact car that you want. Let me know what these numbers are and I will use Audi's lease program to estimate your payment.   Car_man Host Prices Paid Forum
#1378 of 3145 Re: CarMan or Kyfdx...Please Help! [jasonscott] by Car_man HOST Jun 01, 2007 (1:29 am)
Replying to: jasonscott (May 09, 2007 2:48 pm) Here's the information that you're looking for, Jason. Through June 4th, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2007 Audi A4 2.0T Convertible without quattro with 12,000 miles per year are .00160 and 59%, respectively. This car's 10,000 mile per year residual value would be 1% higher.   Car_man Host Prices Paid Forum
#1379 of 3145 Re: A4 2.0T Quattro Cabriolet Lease Price [donnad] by Car_man HOST Jun 01, 2007 (1:37 am)
Replying to: donnad (May 13, 2007 5:24 am) Greetings Donna. The money factor that you were quoted for this car is right in line with Audi Financial Services' current buy rate for it. That is a good thing. Now let's take a look at the selling price that you were quoted. A base '07 A4 2.0T Convertible with quattro has a spread of $3,000 between its full MSRP and its dealer invoice price. I am not personally familiar with what the market is like for this model in your area right now, but the $600 discount that you are being given leaves a lot of room to play with. It wouldn't hurt to comparison shop with another dealer or two to see if you can beat this offer. Also, make sure to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Audi A4: Prices Paid & Buying Experience".   Car_man Host Prices Paid Forum Replies to this message: cars0153 (Jun 06, 2007 3:30 am)
#1380 of 3145 Re: Negotiate purchase $ at end of lease [fuzlbutt] by Car_man HOST Jun 01, 2007 (1:42 am)
Replying to: fuzlbutt (May 16, 2007 3:29 pm) Hi fuzlbutt. More likely than not the bank that you are leasing through will not negotiate your car's end of term purchase price. Having said this, banks occasionally will so give it a shot. Please a call to the Audi Financial Services, or whichever bank you are leasing your car through, a month or two before the scheduled end of your lease and see what they say. Make sure to give the impression that you are right around your mileage allowance. The fact that you are way under will make your car more attractive to them. If your initial contact is unwilling to work with you, try escalating your negotiation attempt to a manager. There's no guarantee that it will work, but you don't have anything to lose by trying. Good luck.   Car_man Host Prices Paid Forum
#1381 of 3145 Re: any luck negotiating a lower buy-out price with VW Credit? [seanak] by Car_man HOST Jun 01, 2007 (1:47 am)
Replying to: seanak (May 23, 2007 5:29 pm) Hello seana. More likely than not the bank that you are leasing through will not negotiate your car's end of term purchase price. If your initial contact at the bank that you are leasing through is unwilling to work with you, try escalating your negotiation attempt to a manager. There's no guarantee that it will work, but you don't have anything to lose by trying. Good luck.   Car_man Host Prices Paid Forum
#1382 of 3145 Re: Audi May 2007 Lease rates A question for Car_man [ct1211] by Car_man HOST Jun 01, 2007 (1:52 am)
Replying to: ct1211 (May 23, 2007 5:50 pm) Welcome back, Craig. I know what you mean about needing another German vehicle. Through June 4th, Audi Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2007 A4 2.0T Sedan with quattro and 12,000 miles per year are .00054 and 63%, respectively. The numbers for an otherwise identical 36 month lease are .00054 and 55%. If you were to lease a 2007 Audi A4 3.2 Sedan with quattro and 12,000 miles per year through AFS right now for 24 months, its buy rate lease money factor and residual value should be .00050 and 60%. The numbers for an otherwise identical 36 month lease are .00050 and 52%. If you were to lease either of these cars with only 10,000 miles per year, their residual values would be 1% higher.   Car_man Host Prices Paid Forum
#1383 of 3145 Re: Why you should never lease through Audi Financial Services [edwardsf] by mcwenzel Jun 01, 2007 (9:01 am)
Replying to: edwardsf (May 31, 2007 4:40 pm) You completely misunderstood my post. I am not talking about early termination of the lease, and I am not talking about breach of contract. I am talking about purchasing the car pursuant to the contract.   Specifically, I am talking about buying the car at the end of the lease, or buying it during the lease if you choose. Most companies will let you buyout the lease at the residual plus remaining payments during the lease. All will let you buy at the end of the lease at the negotiated residual.   What Audi does that is unconscionable is permit you, but only you, to buy out the lease at your negotiated residual. So, if you want to trade the car in during the lease to a dealer and have them purchase it from Audi, the dealer cannot buy it at the negotiated residual. Instead, they can only buy it at what Audi describes as "Fair Market Value", which is a special quote they create for the particular dealer.   The "Fair Market Value" differs depending on who the dealer is. For me, at the end of my lease, my residual buyout price was 19k. So I can buy the car for 19k, and pay no disposition fee or wear and tear. However, a dealer cannot buy the car from Audi for 19k, but only at the "FMV", which in my case was $1,500 more than my residual. Essentially, it constricts your ability to get out of your lease by having someone buy the lease out on your behalf.   Even worse, despite claiming that the dealer purchase price of $20,500 (a non-Audi/VW dealer) was based on FMV, when I took my car into Audi, they called and got a payoff amount of 18k, which is 1k less than I can buy the car for and 2.5k less than what a non Audi/VW dealer can buy the car for. If you want to sell it to a third party at the end of your lease, you can't do that at your negotiated price either.   Other finance companies DO NOT do this. With other companies, the buyout price is the buyout price, regardless of the purchaser. This is simply a way for Audi to prevent you from getting into a non-Audi. It is a customer hostile policy that according to Audi is non-negotiable. I have no problems with incentives for repurchase, all companies do that, but this goes well beyond that.   Moreover, while it would seem to be a simple solution to just buy the car from Audi at your price and turn it over to a dealer at that same price, you can't do that either without incurring significant tax liability (8.5% in California) for the privilege of owning the car for five minutes).   So even though Audi/VW will end up losing money on the car by having it turned it rather than purchased at the residual (when factoring in transport costs and auction results), they do it anyway. The policy makes no sense, is customer unfriendly, and is counter to the manner in which other companies run their leasing programs. Replies to this message: dm13850 (Jun 01, 2007 11:49 am) mcwenzel (Jun 01, 2007 1:14 pm) edwardsf (Jun 01, 2007 4:06 pm) mcwenzel (Jun 01, 2007 6:45 pm)
#1384 of 3145 Re: Why you should never lease through Audi Financial Services [mcwenzel] by dm13850 Jun 01, 2007 (11:49 am)
Replying to: mcwenzel (Jun 01, 2007 9:01 am) Good information to know, but I'm not sure I understand why this is a "way for Audi to prevent you from getting into a non-Audi." Don't you have this problem regardless of what car you buy after the lease is over?   Also, this doesn't strike me as something that most people would care about. Someone who keeps the car for the entire lease period with normal wear and miles (as most do, I assume) would be fine. Again, it's good to understand their policy, but I think trying to steer people away from leasing with AFS for this reason might be a bit extreme.   Just my $0.02... Replies to this message: mcwenzel (Jun 01, 2007 1:14 pm)
#1385 of 3145 Re: Why you should never lease through Audi Financial Services [dm13850] by mcwenzel Jun 01, 2007 (1:14 pm)
Replying to: dm13850 (Jun 01, 2007 11:49 am) Perhaps prevent was the wrong choice of words. The policy does not prevent you from getting into a non-Audi, it just charges you an extra $2,500 dollars to do so (at least in my case). You don't have this problem regardless of what car you buy after the lease is over, you have this problem if you try to have a non-Audi dealer or third party purchase the car during or at the end of the lease so that you can get into a non-Audi vehicle. If you stay in an Audi, they don't jack up the sale price. There is no rational basis behind the policy, other than the obvious attempt to maximize profits at the expense of the customer.   It is also deceptive, because they claim the buyout price is based on "fair market value", but that value changes based on who the car is being sold to, and whether the customer is purchasing another Audi or VW. Moreover, the FMV is not a reasonable price reflective of the actual value of the car. They actually mentioned something about Kelley Blue Book in setting the FMV, which is silly.   People should care about it because it further impacts the already limited flexibility a lease provides. While most people will probably never try to get out of their lease early, if they need to, this can be a huge impediment, and won't be discovered until you are in the situation. It is a policy I find hostile to the interests of the customer. It is a practice that is counterintuitive, and a practice not utlized by other leasing companies.   Audi contracted to a certain residual price with the customer, with the expectation the car may be purchased at that price. Audi cannot sell that car at auction for more than the negotiated residual, so they will actually end up losing money by preventing the leaseholder from having the dealer or a third party buy the car at the residual or residual plus remaining payments depending on the timing as opposed to turning the car in at the end of the lease.   The practice of artificially increasing the buyout price for a third party to purchase the car makes no sense -- it is simply a transparent attempt to gouge the customer because they can. The odd thing about it is, these are Audi customers they are doing this to.   My point is that this is a practice not utlized by other leasing companies, and people should be aware of it, because it's not even buried in the fine print.   Knowing this policy, I would never lease from Audi Financial Services again unless my company were paying the bill and assuming any and all liabilities for lease termination.
#1386 of 3145 Re: Why you should never lease through Audi Financial Services [mcwenzel] by edwardsf Jun 01, 2007 (4:06 pm)
Replying to: mcwenzel (Jun 01, 2007 9:01 am) You are unilaterally terminating a lease. That means you are breaching the terms of the lease, aka contract. Breach of contract IS indeed what you are talking about and your claim that other leasing companies don't charge you a penalty for breaching your lease is hard to believe. Audi is under no moral or legal obligation to allow you to unilaterally terminate a contract and my bet is the vast majority of leasing companies do not do so either - without a penalty to the lessee.   You can apparently swap out of your lease and get someone to assume your lease obligations (with AFS approval). Try the leasetrader.com site.   Sorry that you got stuck but car leases are complicated financial transactions - if one doesn't understand them, don't do it. I was very well versed on leases, knew the MF and invoice and negotiated thousands under MSRP but ... I still may have got a couple of points too low on my residual. Also, if one's income stream is not certain, leases are not a good idea. Replies to this message: mcwenzel (Jun 01, 2007 6:45 pm)

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