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Audi A4 Lease Questions

2107 messages,  Last post on Aug 29, 2008 at 10:57 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#1426 of 2107
Re: Lease vs. Buy Conundrum [alex320] by siman
Jun 14, 2007 (8:58 pm)
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Replying to: alex320 (Jun 13, 2007 7:31 am)

We plan to revisit the dealership this Saturday and will let you know what I get from them.
It looks like the special leasing program is the bottom price and I am sure they will try to add on some other fees as you are dealing with them in person.
I will try to minimize my downpayment and monthly payments
Thanks!
PS: My dealership is Crown Audi - clearwater, FL.
#1427 of 2107
Re: Lease vs. Buy Conundrum [mcwenzel] by flashbordn
Jun 15, 2007 (7:45 am)
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Replying to: mcwenzel (Jun 10, 2007 11:48 am)

This just happened to me. I leased my audi and got my loan through Audi Financial Services (AFS). I had my mechanic sell my car and we listed it at the pay-off I was quoted by AFS. Needless to say I now owe my mechanic money because when the car sold yesterday and he purchased the car from AFS with the money he was given by the purchaser, AFS charges him the higher price (which neither of us knew anything about). This being said has anyone ever been succsesful in having AFS re-pay them the diffirence between the two pay-offs?
#1428 of 2107
press request by kirstie_h HOST
Jun 15, 2007 (12:06 pm)
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A reporter from a large local newspaper would like to speak to consumers who have just leased a vehicle. Please respond to ctalatiedmunds.com no later than June 21, 2007 with your daytime contact information.
#1429 of 2107
Re: good grief [audihorse] by edwardsf
Jun 15, 2007 (6:13 pm)
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Replying to: audihorse (Jun 13, 2007 8:16 am)

Thanks for your attempts to explain this. According to 2 contract attorneys in my office, your view that it is unethical for AFS to require that "ONLY [the lessee] can buy it for the price agreed," has no basis in contract law. The third party buyer has no privity with the lessor, AFS, and therefore has no right to the price that the lessee contracted for. Why you guys think that a lessee can transfer the lease buyout terms to a third party or that the lessor would allow the lessee to do so is beyond the understanding of the two contract attorneys I spoke to. That is, if you want out of a business deal, you got to pay.
 
Remember, by selling to the third party at resdiual, Audi will lose interest. AFS can certainly agree to release the lessee but they can also make up for this lost profit by charging more to the third party. Even if the lessee himself can eliminate the interest through a prepayment buyout, AFS has no obligation to grant this original contract inducement to a third party. By agreeing to transfer this price to the third party, Audi loses the opportunity to sell the car for the price and manner they choose. After all, it is AFS' car and they get to sell it at the terms they set. Again, AFS is under no obligation to provide a third party with the terms that they have negotiated with the lessee.
 
I never said that Audi is taking a consumer friendly position. I only said that I don't believe that such a consumer friendly practice is industry custom. Neither of your combined 5 or 6 posts has provided any support for the existence of this supposed custom, so I can only conclude that it does not exist. One thing that we can agree on is that lessees should not assume that Audi - who subvents these leases - will let them transfer favorable lease terms to a third party.
 
BTW, I never bragged about residual rates, just made a typo that a low residual is good. I meant a high residual is favorable. I did not get a great residual (.51) but I did buy at $1000 under invoice.
#1430 of 2107
june rates by hybidz
Jun 15, 2007 (7:48 pm)
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what are the june buy rates on a 2007 a4 2.0 cvt cab
#1431 of 2107
Re: good grief [edwardsf] by audihorse
Jun 15, 2007 (8:08 pm)
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Replying to: edwardsf (Jun 15, 2007 6:13 pm)

I am happy that you finally understand the 3rd party issue.
 
I did not say AFS was unethical - maybe unfriendly, yes. And I believe the original poster if he says his research indicates other car cos. will sell to 3rd party for same price as they will to lessee.
 
BTW, if you or I pay off a lease early- AFS will not charge interest on remaining payments so that is not the issue. Base payments + residual. But at equivalent of 1.29% interest, etc. who wants to do that? And as you noted, none of their terms -prepayment buy out of remaining payments due less interest + set residual (or if at lease end residual only) are avail to 3rd party. I have no problem with their terms - I just leased another Audi - and I fully understand the deal. But I thought Mcwenzel's point of view was perfectly legitimate and that he explained it quite well.
 
Very good that you got $1000 below invoice. Did you pay that $495 advertising/prep fee they claim is on their "invoice"?
#1432 of 2107
Re: Lease vs. Buy Conundrum [flashbordn] by cars0153
Jun 16, 2007 (8:33 am)
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Replying to: flashbordn (Jun 15, 2007 7:45 am)

This is normal. You and Audi had the contract not a 3rd party. Any manufacturer can sell the car for anything they want other than the original lessee. You're lucky they would even sell the car to him. Most of the time the manufacturer won't.
They nothing wrong! You avoided payhing sales tax if you bought it.
#1433 of 2107
questions re: dealer fees and audi care program by glynis0916
Jun 17, 2007 (10:52 pm)
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hello all:
 
I was at a southern california dealership today and while I was negotiating the price of an '07 a4 2.0t the dealer tried to throw in two fees: an "ad" fee, around $250 or so and an "inspection and preparation fee" around $175. He claimed that he was giving me the invoice price of the car, but with these two fees, it really seemed like $400 over invoice. I have heard something about a coop ad fee that I think is legit, but do dealers generally waive this after some negotiation? With the inspection fee, I feel like this is total bs--any input?
 
Also, I was under the impression that maintenance is part of the 4 year warranty, but learned with Audis only the first--5K or 10K? miles--is free. So they tried to sell me the Audi car care program for $590 and said because the residual value is 55% instead of 54% it practically pays for itself. He also claimed they require certain maintenance as part of the lease contract which ends up costing more that $590. What's the deal with this?
 
Appreciate your help. Thanks!
#1434 of 2107
Re: questions re: dealer fees and audi care program [glynis0916] by audihorse
Jun 18, 2007 (8:01 am)
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Replying to: glynis0916 (Jun 17, 2007 10:52 pm)

The add on fees are something that Boston area dealers do, too - adding up to $495. Read the previous recent posts on this board for info. Negotiate to under invoice or tell the dealer you don't want to pay those fees and will go elsewhere. Although because every dealer in So Cal is in on these "invoice" add ons it might be easier to ignore the fees and just negotiate to the price you have in mind which should be invoice or below on an 07 (before the fees.) If I had it to do over I would have struck a better deal for myself and I did get my lease at invoice. At least in SoCal I think they go easy on doc fees $45? (for title, reg. etc.) - separate from this advertising/prep add on "invoice" fee. I made them throw in all weather mats and wagon mat to make up for that $300 doc fee in Boston area.
 
Audi Care is legit. Audi used to include free maintenance. Now they don't. If your lease is for 36 mos. get the Audi Care. And yes they will make you sign a doc saying you will use the Audi Care because they want to insure that their leased car will be maintained. Since you are paying for it it makes sense you would use it. But because it does bring residual up a point it is worth it.
#1435 of 2107
Re: questions re: dealer fees and audi care program [glynis0916] by rallyfan
Jun 18, 2007 (9:54 pm)
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Replying to: glynis0916 (Jun 17, 2007 10:52 pm)

DID YOU LEASE THE A4 I WAS LOOKING INTO THE SAME CAR CAN YOU POST SOME OF THE NUMBERS DID YOU HAVE TO PUT THE 999 DOWN AND THE OTHER FEES THAT EQUAL APPR. 2300 DOLLARS I HEARD THE MAINTENCE FEE IS LEGIT AND A GOOD DEAL CONSDERING THEY CHARGE 100 DOLLARS FOR THE 10K OIL CHANGE AND SERVICE THANKS GOOD LUCK

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