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Audi A4 Lease Questions

3143 messages,  Last post on Dec 04, 2009 at 5:04 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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#1911 of 3143
Re: Audi A4 2.0 quattro cabriolet [timdmb] by sunuptopdown
Jun 02, 2008 (6:35 pm)
Reply

Replying to: timdmb (May 28, 2008 9:54 am)

Haven't gotten the deal in writing yet -- but have been talking to e-mail sales mgr about a 2.O AWD Cab (2008) at invoice price -- minus the 2K on the lease at best financing rate on the lease (have not yet been told what money factor is --). From those numbers, dealer will determine monthly payments based on milage and number of months on the lease.
Should I be asking for anything more?
#1912 of 3143
How does MF compare to interest % ? by sunuptopdown
Jun 02, 2008 (7:01 pm)
Reply
What is the best money factor being offered by Audi Financing on the 2008 Audi A4 2.0 AWD Cabriolet?
 
How do you convert the MF into a yearly interest rate in order to compare whether its better to finance the car through leasing or purchase?
 
I figure that if I paid for the car in cash, I'd be foregoing at least an average of 4 or 5 percent return on my money that I would get if I just left the money in the bank over the next 3 years.
 
I could borrow money from the bank and buy the car -- a car loan costs about 5 percent APY now at my bank.
 
If the lease money factor comes out significantly below the equivalent of 4 or 5 percent per year APY, I figure it pays to lease ---- especially with Audi kicking in $2K off the lease price.
 
Am I missing anything?
#1913 of 3143
Re: How does MF compare to interest % ? [sunuptopdown] by jdunnisher
Jun 02, 2008 (7:36 pm)
Reply

Replying to: sunuptopdown (Jun 02, 2008 7:01 pm)

For the month of May, the MF on the 2.0 Quattro Cab was .00057 and the residual was 53% for a 36 month lease (15k per year). I believe these rates are in effect through 7/2 when the Summer of Audi Event ends, but I'm not entirely sure.
 
Audi Lease Rates - May
 
To convert a MF into an effective APR, you simply multiply it by 2400. I could go into detail about why you use what seems like such a random number, but that is all you really need to know about turning a MF into an APR.
 
For example, the MF of .00057 is equivalent to an effective APR of 1.368%. As you can tell, this is a very good rate. There is a good chance you would be better off leasing under the current program, as opposed to purchasing. That, of course, depends on your circumstances. Hopefully, this information helps you make your decision.
 
--Jordan
#1914 of 3143
Re: A4 CABRIOLET LEASE QUESTION [wheelnovice] by Car_man HOST
Jun 03, 2008 (1:26 am)
Reply

Replying to: wheelnovice (May 16, 2008 5:14 pm)

Thanks wheelnovice . The best way to evaluate leases is to look at a vehicle's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this number is, it is difficult to tell how much of a discount you are getting. Negotiate a selling price that's as close to dealer invoice as possible and then have the dealer calculate your car's monthly payment using its buy rate lease money factor. Audi Financial Services' current buy rate for a 36 month lease of an '08 A4 2.0T Convertible without quattro is .00036.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1915 of 3143
Re: A4 Cabriolet Incentives [rich50] by Car_man HOST
Jun 03, 2008 (1:32 am)
Reply

Replying to: rich50 (May 17, 2008 8:13 pm)

Yes, Rich , the $2,000 loyalty / conquest cash is compatible with the special money factor that you mentioned. I am not personally familiar with what the market is like for this car right now, but $500 under invoice is really equivalent to $1,500 over. There's still some room there. If you are in an area that has a decent level of competition, it might now hurt to do a little comparison shopping. Keep in mind though that this is the hot time of year for convertible sales. It would be much easier to get a killer deal on one in the middle of the winter than heading into the summer. Try stopping by the "Audi A4 Prices Paid and Buying Experience" discussion tot see how much other community members have paid for similar cars lately.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1916 of 3143
Re: A4 Lease Specials [gwarrenfl] by Car_man HOST
Jun 03, 2008 (1:34 am)
Reply

Replying to: gwarrenfl (May 18, 2008 5:37 am)

Wow thanks for the kind words, gwarrenfl.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1917 of 3143
Re: lease question [600poundsofsin] by Car_man HOST
Jun 03, 2008 (1:49 am)
Reply

Replying to: 600poundsofsin (May 26, 2008 9:19 am)

The RS4 is close enough to A4 that we'll call it on topic . According to the latest information that I have seen, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 RS4 Sedan with 12,000 miles per year are .00256 and 47%, respectively.
 
Unfortunately, if you are far away from the scheduled end of your A4 lease you will likely find that it is very expensive to get out of it at this point...even to get into a lease of a new RS4.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1918 of 3143
Re: 2008 Audi A4 Special Edition Lease [jdunnisher] by Car_man HOST
Jun 03, 2008 (1:51 am)
Reply

Replying to: jdunnisher (May 30, 2008 11:09 am)

Congratulations on getting a good deal on your new A4, Jordan. Thanks for taking the time to share the details with everyone. I'm glad to hear that you had such a good dealer experience. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to tell others about it. Enjoy your new ride .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1919 of 3143
Better Deal than This? by sunuptopdown
Jun 03, 2008 (5:45 am)
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What do you think should be my bottom line?
 
MSRP = $44,575 (includes 2.0 AWD cab, with prem pkg, bluetooth, heated front seats, ipod interface and dest. chg.)
Edmunds Invoice Price = $41,511
 
Dealer says will sell for invoice price (don't know if theirs is different from Edmunds yet and don't know if they plan to add on other charges other than tax, tags, reg.)
 
In addition to selling for invoice, Audi will subtract another $2000 (conquest/loyalty) off the lease portion of the equation if I lease -- (using the Edmund's invoice price, this brings the lease plus residual total to $39,511 plus tax tags, registration and any etcs.)
 
Is this good? Any charges etc. I should be aware of?
 
Thanks
#1920 of 3143
Gap Insurance by sunuptopdown
Jun 03, 2008 (5:46 am)
Reply
Any advice on buying "gap" insurance?
Do I buy from my regular insurance co or Audi?

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