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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
3145 messages, Last post on Dec 04, 2009 at 11:32 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: edwardsf (Jun 01, 2007 4:06 pm) I read all of the contractual terms. The contractual provisions explicity permit a lease buyout. Lease buyout does not consitute a breach. You are confused about what constitutes a breach. If Audi wanted to put in a contractual penalty for an early lease buyout they could, but they don't. They expressly permit a lease buyout in the lease contractual provisions. Again, an early lease buyout does not constitute a breach. A buyout at the end of the lease does not constitute a breach. The issue is the disparate buyout price based on who is buying the car. Audi does this whether you are in the first or last month of your lease. It has absolutely nothing to do with a breach of contract or early lease termination. I got a great deal on my Audi, with a very low MF and with a reasonable residual. Unfortunately I can't take full advantage of the bargained for residual. My statement regarding how other companies handle the exact same situation is 100% accurate because I verified it. Again, it has nothing to do with breach. I really don't want to get bogged down in complex legal issues. The facts are the facts. I point this out simply to warn others of my experience and the inflexibility of Audi which stands in stark comparison to other lenders. Luckily I am not stuck because my lease is just about over, and it won't cost me too much, but others could be impacted more greatly. |
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Hi, New to leasing but was offered at the dealership: a4 2.0 quattro msrp: $32,300 $3000 down $400/mo (tax incl.) 36mo/lease a4 sline quattro $40k range $4000 down $480/mo + tax 36mo/lease I'm kind of new to leasing and was previously looking to buy a used 2005/6 in the low 20's and thought leasing might be an option...get a new car for lower monthly payments...but the amount down seems a bit high. I have excellent credit and should always get the lowest rate...although leasing and residual value etc...confuses me a bit. What's reasonable for the southwest? I don't need a superb deal just something fair.
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Replying to: jazz11 (Jun 02, 2007 2:34 pm) $379* lease per month for 36 months Now through July 2, 2007 Down payment: $999 Refundable security deposit: $400 Acquisition fee: $575 First month's payment: $379 Amount due at lease inception: $2,353 EXCLUDES TAXES, TITLE AND DEALER FEES Try asking for a couple deals with 0 down or 1k down, see what you get.
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Replying to: bvdj84 (Jun 03, 2007 6:34 am) ok thanks....when I went in there, the sales person said that $2,353 doesn't include the dealership fees and the low monthly payment only applies to the base models. Everything is negotiable but being new to leases I wasn't sure on what you negotiate. Also do you negotiate on APR with leases? My credit union says I can get 6% no problem. If 0 down or 1k down is offered, the monthly payments usually go up also? Reading the forums a bit I see a lot of weight is put on residual value. Anyway thanks for the info I'll email a few dealerships in other states. |
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| I TEST DROVE TWO A4'S 2.0 CVT FRONT TRACK AND A A4 3.2 FRNT TRACK I LOVED BOTH OF THEM MY WIFE WAS VERY IMPRESSED, ALSO BECAUSE SHE WANTS A CAMRY ARGH. WELL I RATHER LEASE THAN BUY BUT I WNT 36 MOUTHS 15K A YEAR AND LITTLE TO NO DOWN AS POSSIBLE I AM IN SO CAL. ARE THE NEW LEASES ADVERTISED GOOD ONES. THANKS ANY COMMENTS | |
| Just wondering if you can expect a better deal if you have an excellent credit rating when leasing or is a credit rating irrelevant? | |
| It always plays a factor | |
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Replying to: edwardsf (May 31, 2007 4:53 pm) Be fair to the dealer
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Replying to: Car_man (Jun 01, 2007 1:37 am) |
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I worked out the math on a 2007 a4 Audi. Now my comparison is lease vs. buy numbers. On the buy side, I would be looking at a finance loan of 35k, 60 mos. at %5.89 with a payment of about 675/mo. Where as the 36 mos. lease is 379/month 10k mi/yr. Here is the kicker. The residual value on the car after the 36mo. lease is at $18,796.40 and the balance on loan after 36mos. on the 5yr loan situation is, $15,243.80. A difference of $3,553.00 less on the loan. But now factoring in $300/month MORE I pay on the loan for the 36mos., this is $10,800.00 total. So was it worth paying 10,800.00 over three years to buy down the value of the car by 3,553.00? My answer is NO! I can take the 300/month an put it in savings or investment, thus offsetting the cost of driving a newer car. I don’t care about the 10k mi. restriction b/c I will buy the car at the end of the lease. This is a great option because if you look up the same car with the “planned” amount of mileage after three years which would be a 2004 model right now, these cars are priced at 25k. This is a good argument to buy the car from the dealer after the lease end for 18,796.40, then sell it on the market and make a few grand or drive it some more. I think I am seeing all angles of the deal, please let me know if something is in my blind side. Basically I am avoiding loan interest for the first three years of ownership, which is a very large savings with the cost of borrowing money these days at a rate around 5.89%. That is how the savings is made in the lease rather than buy of this car, and maybe in taxes, but that is a gray area to me right now since I haven’t researched it yet. I know the purchase after lease situation of ownership has always been regarded as a way to pay the most for a car, but I think in this situation it works out better to lease.
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