- #1757 of 2073
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Re: 2008 A4 lease rates - PA [piperwarrior]
by Car_man HOST
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Mar 27, 2008 (3:35 am)
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Replying to: piperwarrior (Feb 26, 2008 9:46 am)
Welcome piperwarrior. The Special Edition model is indeed a sort of bridge between the end of the current generation A4 and the introduction of the new 2009 model, but it is not exactly some sort of special secret. The lease program that you were quoted for this car looks off. According to the latest information that I have seen, Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Audi A4 2.0T Special Edition Sedan with 15,000 miles per year are .00110 and 53%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher.
As far as this car's selling price goes, you definitely should be able to do better than $700 over TMV. $700 over dealer invoice minus the $1,000 cash incentive that is available on leases of this car through AFS right now is more like it.
Car_man
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- #1758 of 2073
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Re: Car_Man - Review this lease deal please [eastbeast]
by Car_man HOST
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Mar 27, 2008 (3:55 am)
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Replying to: eastbeast (Mar 04, 2008 8:02 pm)
Hey eastbeast. The Dealer invoice price of the car that you leased is probably around $36,800 to $36,900. I don't believe that the $1,000 cash incentive that Audi is currently offering on Audi Financial Services' leases of the A4 was available last month. So it looks like the selling price that you were given it less than $500 over dealer invoice, which is a great deal. Plus the dealer used AFS' buy rate lease money factor to calculate your monthly payment. This looks like a good deal to me. Enjoy your new ride .
Car_man
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- #1759 of 2073
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Re: march 2008 lease rates? [ltjbukem]
by Car_man HOST
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Mar 27, 2008 (4:06 am)
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Replying to: ltjbukem (Mar 06, 2008 12:17 pm)
Hi ltjbukem. Through May 2nd, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 A4 2.0T Sedan with quattro (not the Special Edition model) with 12,000 miles per year are .00023 and 53%, respectively. The money factor for a lease with only 10,000 miles per year would be the same, but the residual value would be 1% higher. When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is available on leases of it through AFS right now. This cash will help you to negotiate an attractive capitalized cost.
Car_man
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- #1760 of 2073
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Any advice Car man?
by ferky
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Mar 27, 2008 (7:25 am)
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My '05 2.0T A4 lease is up in July. I want to get into another 36 month 2.0T A4 lease, and as much as I would love an '09, my understanding is that the 2.0Ts won't be out until a good while after the 3.2s, which are outside of my price range.
Given that I am settling for an '08, am I better off trying to get it now when there are still a good number of '08s to choose from and the incentives are decent, or will things only get better in the summer when they are that much closer to rolling out the '09s? My fear is that come June/July, they will have some decent incentives, but the inventory won't be there and I'll be stuck with a bunch of colors and options that aren't what I want.
Any thoughts on how to time a new lease?
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- #1761 of 2073
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Re: What's the best way to lease? [eastbeast]
by Car_man HOST
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Mar 28, 2008 (2:15 am)
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Replying to: eastbeast (Feb 24, 2008 8:38 am)
Hi eastbeast. A good way to get a good deal on a new car is to figure out approximately how much over dealer invoice you are willing to pay for the model that you want. Then shop around with a few local dealers, either by looking at their inventory on-line or by physically visiting them until you find a car that is equipped how you want it at a dealership that is willing to sell it to you for your predetermined price. If I was in the market for a new A4 right now, I personally would shoot for a selling price of $500 to $1,000 over invoice, which is equivalent to $500 under to dealer invoice once the $1,000 cash incentive that Audi is providing on leases is taken into account.
After you have arrived at a selling price that you are comfortable with, have the dealer calculate your car's monthly payment using its buy rate lease money factor. Audi Financial Services' current buy rate lease money factor for a 36 month lease of a 2008 A4 2.0T Sedan with quattro is .00023.
Car_man
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- #1762 of 2073
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Re: A4 2.0T AWD Lease [ivtec2]
by Car_man HOST
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Mar 28, 2008 (2:18 am)
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Replying to: ivtec2 (Feb 25, 2008 3:24 pm)
Hi ivtec2. I personally would shoot for a selling price of $500 to $1,000 over invoice on an '08 A4 right now, which is equivalent to $500 under to dealer invoice once the $1,000 cash incentive that Audi is providing on leases is taken into account. Make sure to stop by the "Audi A4 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.
After you have arrived at a selling price that you are comfortable with, have the dealer calculate your car's monthly payment using its buy rate lease money factor. Audi Financial Services' current buy rate lease money factor for a 36 month lease of a 2008 A4 2.0T Sedan with quattro is .00023.
Car_man
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- #1763 of 2073
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Re: CarMan - Question on A4 lease [cdutch]
by Car_man HOST
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Mar 28, 2008 (2:26 am)
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Replying to: cdutch (Mar 11, 2008 11:54 am)
Greetings cdutch. The dealer invoice price of the car that you mentioned is probably around $32,500. Plus Audi is currently providing a special $1,000 cash incentive on leases of it through Audi Financial Services. This crops the invoice to around $31,500. That puts the $32,850 selling price that you were quoted at around $1,350 over invoice. That's enough room that if I was personally in the market for an A4 right now, I would shop around with a few other dealers to see if I could beat that price.
The money factor that you were quoted is slightly high as well. Audi Financial Services' current buy rate for a 36 month lease of a 2008 A4 2.0T sedan with quattro is .00023. Normally one would increase this factor by .00015 if they wanted to have their car's security deposit waived, but I have heard that AFS is waiving its security deposit requirement on leases for free this month,
Car_man
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- #1764 of 2073
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Re: End of lease stress [cubcub]
by Car_man HOST
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Mar 28, 2008 (2:35 am)
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Replying to: cubcub (Mar 16, 2008 11:06 am)
Hi cubcub. Normally with a captive finance company, like Audi Financial Services, as long as your vehicle has been repaired properly after your accident or accidents you will not have to pay any sort of excess wear and tear. As an added bonus though I believe that the $5,000 figure that the dealer told you about AFS leases is correct. I highly doubt that you will have to pay any sort of penalty as a result of the accidents. This is one of the great things about leasing. Any vehicle that has been in two accidents would definitely suffer at least some diminished value when you went to try to sell it down the road. On a lease, you can just fix your car and walk away from it at lease-end forcing the bank to take the diminished value hit.
You're in luck with the A3. Audi is running a special regional lease program on it that is much better than its normal program. California is one of the states that this special program is available in. Audi Financial Services' special regional buy rate lease money factor for the 2008 A3 is currently .00055.
Car_man
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- #1765 of 2073
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Re: A4 Lease - Can I do better? [manku]
by Car_man HOST
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Mar 28, 2008 (2:39 am)
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Replying to: manku (Mar 18, 2008 10:53 am)
Hello manku. Audi Financial Services' current buy rate lease money factor for a 36 month lease of a 2008 A4 2.0T Cabriolet without quattro is .00027. Make sure that the dealer that you are working with uses this factor to calculate your car's monthly payment.
You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I am not personally all that familiar with what the market is like for the A4 Convertible in your area right now, but you may be able to find a community member who has purchased one lately over in the "Audi A4 Prices Paid and Buying Experience" discussion.
Car_man
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- #1766 of 2073
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Re: Need help with a lease [carmaster1]
by Car_man HOST
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Mar 28, 2008 (2:45 am)
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Replying to: carmaster1 (Mar 20, 2008 8:09 am)
Greetings carmaster1. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment.
The Audi A4 that you described has a spread of around $2,200 between its full MSRP and its dealer invoice price. Plus Audi is providing a special $1,000 cash incentive on leases of it through Audi Financial Services right now. This gives you a total of around $3,200 to play with during your negotiations. If I was in the market for this car right now, I personally would shoot for a discount of $2,200 to $2,700. Once you have arrived at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using AFS' current buy rate lease money factor of .00023 (not available on the special edition model) and you're all set.
Car_man
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