Last post on May 21, 2013 at 6:44 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi A4, Car Leasing, Sedan, Wagon
#2311 of 4287 Clarification on $1500 loyalty cash
Nov 14, 2008 (5:04 pm)
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.
#2312 of 4287 Re: Clarification on $1500 loyalty cash [atsenb]
Nov 14, 2008 (6:23 pm)
my understanding from spending way too much time going back and forth with some sleazy salesmen today is that it's option #1. The lease end fee, or lease disposition fee, is $350, not $650 and IS combinable with the $1500.
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.
#2313 of 4287 A4 Lease too high?
Nov 14, 2008 (7:22 pm)
Hello, I was wondering if anyone can tell me if this is a fair deal or I should walk. 2009 A4 Premium Plus, 36 month lease, 12,000 a year, $594+ aprx. $1364 start ups. He said the start ups are the transferring fee, taxes etc. He told me they pay the first month, waive security fee and offered me a $500 (coupon special) because I am getting rid of my BMW. I know you aren't supposed to put money down, but I need the monthly payments down (for various reasons) and he said $2000 down brings it to $534. I told him I need to make it less and he said $4000 down brings it to $434. Sales guy said the residual is 53% and the car's msrp is $37,800 or low $38,000. I would like to pull the trigger on Monday, but if this is not a good deal than I will walk. Also, does everyone have to pay the start ups because I had the understanding that part goes in the sales guy's pocket. I just want to make sure this is fair. The sales guy seemed nice and said he will do whatever it takes to work with me. Any help is greatly appreciated. Thank you.
#2314 of 4287 Re: A4 Lease too high? [jjthecat]
Nov 14, 2008 (9:19 pm)
Depends where you are located, but seems kind of high. Should be able to get them now at invoice or few hundred over. In NY/NJ area, I got quote for A4 Avant with Prem+, 36mon and 15K mi for $595 including 7% NJ tax. Up front fees ~$1200 (1pymt, reg/title, doc fees). I believe the new plan for November, Audi pays the 1st pymt, so upfront should be ~$600.
#2315 of 4287 Re: A4 Lease too high? [goneflyn]
Nov 14, 2008 (9:38 pm)
Thanks for your thoughts. And I am located in Michigan.
#2317 of 4287 Bad, Bad, Bad.........
Nov 15, 2008 (10:33 am)
Had a bad Audi exp this week....Dealer invited me in for a deal - told me that they would payoff out my current lease so that I can get into a new car. They had the nerve to begin by offering me $2,000 under the dealer payoff amount on my current lease, telling me that there were a few (total $500) scratches that needed to be fixed. When I balked, telling them that I was there at their request not mine, they reluctantly credited me the full payoff amount. BTW, even at the full payoff amount, the same car is retailing locally for $6,000 over this amount. Then they wanted to charge me $1,400 for what I considered excessive up fees ( upfront fees for my recent BMW lease was only $1.100). Then I discovered that I wasn't eligible for the current $1,500 customer loyalty bonus because my current lease "maturity date" fell outside of the 1/5/09 deadline. Even though my lease would be paid off in full months early and Audi would not have to pick up any of my remaining lease payments Audi determined that I wasn't a loyal enough customer for them at this time. After all of this I abruptly cancelled the deal and ran like hell. Not a good experience.
#2318 of 4287 Re: Clarification on $1500 loyalty cash [twodomes]
Nov 16, 2008 (1:34 am)
twodomes - thank you for the clarification.
No, I have not had my inspections yet, and I am a bit scared to schedule the appointment because I know that they will try to catch you for all the little things. I went to a few dealerships today to see whether they will be willing to take the car in so that I don't have to deal with turning the car in.
I went today to a VW dealership, and looked at a Jetta 2.5SE (economy is bad.. so maybe I should conserve my cash), they quoted me all in, $312 / month (and told me that they could probably lower it by another $5 - 10 if I am ready to sign. The money factor really sucks (around mid 200s.) but the residual for 39month/10k is around 61%, which is quite a bit better than Audi, and supposedly, they are offering 3 year 0 maintenance on all the 2009 VWs (baffles me that VW offers it on VW line, but not on the Audi line).
I will be calling the Audi dealership tomorrow to see if I can negotiate a deal with them for something around the similar rate that I am paying right now ($450/month) for an A4 Premium Plus.
I also just checked the lease disposition fee again, and you are correct, it is $350.
#2319 of 4287 Re: Clarification on $1500 loyalty cash [atsenb]
Nov 16, 2008 (2:47 am)
just to follow up... i've now had 2 other dealers tell me that the $1500 is treated more like option 2! so either i was wrong or the dealers were bs'ing me or both. i am still not 100% sure, but the dealer i spoke with today said he runs the number and comes up with a down payment and monthly payment. then he takes $1500 out of the down payment. so, not sure if that means it's taxed or not.
audi is also picking up your first month's payment, so be sure to get that. driveoff of acq fee, tac title reg is being quoted to me at about $1200.
#2320 of 4287 Re: A4 Lease too high? [jjthecat]
Nov 16, 2008 (3:38 am)
You have lots of wiggle room.....
2009 A4 Premium Plus, 36 month lease, 12,000 a year
with a few options and Audi care with 2k down and the 1500 Audi chip in fee and my payments are under 500 a month....
So you have room to work on this... Also the invoice should be around 37k or under if you have no options