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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
2113 messages, Last post on Sep 04, 2008 at 5:36 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: audihorse (Jun 13, 2007 8:16 am) 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.
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what are the june buy rates on a 2007 a4 2.0 cvt cab
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Replying to: edwardsf (Jun 15, 2007 6:13 pm) 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"?
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Replying to: flashbordn (Jun 15, 2007 7:45 am) They nothing wrong! You avoided payhing sales tax if you bought it. |
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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! |
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Replying to: glynis0916 (Jun 17, 2007 10:52 pm) 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. |
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Replying to: glynis0916 (Jun 17, 2007 10:52 pm)
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Replying to: siman (Jun 14, 2007 8:58 pm) So what was the final downpayment and monthly payment you got from them? I'm thinking about taking the plunge soon but I want to know how much they try to add on. Did you ask them about more mileage and how much that would cost? I'm not sure I could get by on only 10k a year. |
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Replying to: rallyfan (Jun 18, 2007 9:54 pm) As I mentioned, I negotiated to invoice except it was really around $400 over with the ad and inspection fees. When I go to the next dealership this weekend, I'll just aim for $400 below invoice, that way if they throw in the fees it will come out to invoice. MF is .00054 (no security deposit but previously financed through volkswagen so they gave me the better rate) I didn't end up leasing because they were trying to rip me off on my trade-in but that's another story. |
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Replying to: glynis0916 (Jun 17, 2007 10:52 pm) (It's also a complete Rip-Off, as It *ONLY* covers 15K services (Mostly Oil Changes and a few Air Filters, No Brakes, or other items that Audi used to cover for free(!) Audi says you shoudl change the oil more under "severe service"... Right??? guess what... That's on YOUR dime, Audicare or NOT! I just leased an A4 Cabrolet, and yes, the finance person pre-added AudiCare, and I pointed to have it removed. Magically, they dropped it and still leased the car. They only added that we can purchase it later if we change our mind, it'll be the same $590!... wow... amazing). IT IS ILLEGAL FOR THEM TO FORCE YOU TO BUY SERVICE CONTRACTS... Google "Magnuson-Moss Warranty Act". That's Federal law, unless they want to do the service for free, they must allow you to have others service your car. I called my local German Auto Repair (who works on my other Audi's that are no longer in Warranty), and found out that he will charge me, about $300 for the same work. He'll also validate the service book, no problems. Funny is that my local dealer is famous for doing sloppy work. They use cheap Valvoline bulk-oil (not the VW-502 Rated Oil Audi states you must use). My local German Auto Service guy uses German Syntec (VW502 Rated), and a Mann or Maule Oil Filter (German OEM).... He charges a whole $50... out the door, tax and everything. He's got one Audi Trained tech that only works on Audi's and VW's. He's got another who just works on BMWs... no question on who worked on your car. |
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