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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
3142 messages, Last post on Dec 03, 2009 at 8:45 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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The new program effective Nov 12 for a 2.0 Prem Plus is: 53% residual for 15k 55% residual for 12k Add 1% to the residual if you get Audi Care .00169 money factor security deposit now waived for all customers Audi pays 1st month - customer pays remaining 35 months Absolutely $0 due at signing is now possible $1500 loyalty cash for existing Audi customers If you do the math, the new program (if you're not an existing Audi owner and not eligible for the $1500 loyalty cash) will actually cost you around $150 more over a 3-year period than the old program that expired on Nov 11. However, you can now literally do a sign & drive with $0 due at signing. Under the old program, you'd need to put down 1st month + security (except for returning Audi lessees who didn't need security dep) for a total of around $1100 due at signing. I bought my car on Saturday 11/8 and my dealer agreed to wait until the 12th to put through the paperwork, allowing me to choose whichever program I wanted. I opted for the new program. Despite the $150 increase in total expenditure over a 36-month period, it saved me $1100 up front which was well worth it. For returning Audi customers, the $1500 cash definitely makes the new program more attractive. Just don't let the dealer use that $1500 when negotiating your cap cost. You should be able to EASILY get a Premium Plus for a total adjusted cap cost of under $36k including the $625 lease acquisition fee. This is BEFORE the $1500 loyalty cash if eligible. Hope this helps! |
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Replying to: jkozlow3 (Nov 13, 2008 9:23 pm)
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Replying to: twodomes (Nov 13, 2008 9:41 pm) |
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Replying to: jkozlow3 (Nov 13, 2008 9:23 pm) Monthly Payment = $640.00 - with only first month due at signing MSRP: $41,475.00 Sale Price: $39,084.00 ($499 over invoice) Costs Added to Lease: $3,941.00 (Tax-$2,345.00; Tags/Title-$331.00; Audi Care-$650, & Acq Fee- $615) Cap. Cost Reduction: $0 The sport package makes it difficult to negotiate since they have a limited number of those. I would have gotten a better deal if it was just the premium plus. What do you guys think?
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Hi all, Sorry for the newb question, but I'm debating between a used 07 or 08 A4 or a new lease on a prem plus or prestige. I was planning on making a significant down payment for the used car ($10K), but the new models look great and are obviously well regarded. Is it a bad idea for me to take that down payment and use it on a lease for cap reduction and lower the monthly? Thanks for your help.
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I just signed yesterday for Premium Plus + Sport Package + Meteor Gray paint. Here are the numbers I got: Lease: 3yr / 36,000 miles MSRP: $39450 Invoice: $36700 (debatable, dealer says its close to $37000) Sale Price: $37000 Acquisition Fee: $625 Audi Care: $650 (rolled into cap cost) Cap Reduction (owner loyalty): $1500 Net Cap Cost: $36725 Residual: .56 (due to Audi Care) Money Factor: .00169 Downpayment: $499 to cover licensing, up front taxes, $50 doc fee Payment: $505 + taxes Dealer makes 1st months payment I believe the dealer made $625 profit on the aquisition fee, but other than that, it seems like the price of the car is close to invoice. Edmunds invoice lists $36700, but the dealer showed me a higher invoice price which had advertising fee and one other small item that Audi charges the dealer. His contention was invoice is right around $37000 for Premium Plus + Sport Package + Meteor Gray paint. They also took my existing lease back early so we didn't have to make the last payment on it. Not a killer deal, but the $1500 incentive and 1st months payment made it worth it in my mind.
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I checked the Audi Bay Area website again for deals and it seems that all the linkable text is missing? Wonder if they are rewording or adding more models to the deals? Dil |
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Replying to: webba (Nov 14, 2008 7:21 am) |
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Can someone clarify the $1500 loyalty cash? e.g. does it effectively do one of the following in the leasing calculation or does it do something else? 1) Loyalty cash lowers the sales price (or the adjusted cap cost) so that you don't pay tax on this amount 2) Loyalty cash does not lower the adjusted cap cost, so you would effectively treat it as a "rebate" or can apply it towards the downpayment (in which case, you would pay tax on this amount). I currently have a lease on a 2007 A4, paying $450.52, I think lease termination charge is about $650 (does anyone have the exact number)? And if I lease another Audi, does this mean that I get BOTH the $1500 and also get to waive paying for the $650 lease termination charge?? Based on what others are saying about the current leasing program, if I am leasing a Premium + with 36m/10k (56% residual), msrp $38000, people seems to be targeting around invoice ($35,352 per edmunds, including destination charge), so if you add acquisition bank fee of approx. $625 and around $150-200 for doc and license, etc., you should be able to get the car for about $500-505 before taxes. Is that somewhat accurate? Thanks in advance for answering my questions. |
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Replying to: atsenb (Nov 14, 2008 4:04 pm) Have you had your lease end inspection yet? I had minor scratches, rims with curb rash, and 2 tiny dents and have been charged $1370. Took it to 2 body shops who couldn't believe how they were trying to squeeze money out of me. Neither body shop could do the work for cheaper. They just questioned the necessity of having it done. Feeling pretty anti-audi right now. |
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