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Audi A4 Lease Questions

3132 messages,  Last post on Nov 27, 2009 at 11:50 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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#2565 of 3132
Residual by richb21
Jan 28, 2009 (4:32 pm)
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As follow up to my post above, I am considering the prestige package, and he quotes 36month residual of 50%, and says it is 53% for premium plus. Is the 50% accurate.
 
Thanks much.
#2566 of 3132
Re: Leasing and moving out of state [kyfdx] by troylimey15
Jan 28, 2009 (6:41 pm)
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Replying to: kyfdx (Jan 28, 2009 1:53 pm)

I'm pretty sure the sales tax in Iowa (5%) is paid lump sum at signing. The plan is to move to California. I believe when you register an out-of-state car in California they'll only tax you the difference or at least credit you some amount for the out-of-state taxes you've already paid.
 
I'm willing to take the hit on the taxes, but wanted to know if moving out-of-state is allowed by Audi Financial. My fear is getting stuck with early termination if they don't allow it.
#2567 of 3132
Re: 2009 A4 2.ot quattro premium plus [rbergmandc] by Car_man HOST
Jan 29, 2009 (2:41 am)
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Replying to: rbergmandc (Jan 26, 2009 9:48 am)

Hi rbergmandc. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Audi A4 2.0T Premium Plus Sedan with quattro and 12,000 miles per year are .00127 and 52%, respectively.
 
Lessees are never required to make any sort of capitalized cost reduction aka down payment when leasing. You would be best off going with a zero down lease. Audi is providing $750 owner loyalty cash on leases of this model right now if you are currently leasing or financing another Audi vehicle.
 
The capitalized cost for a leased vehicle is essentially its selling price minus any sort of down payment that you want to make.
 
You can look up the dealer invoice price for the exact model that you want over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2568 of 3132
Re: 2009 Audi A4 2.0T AWD Quattro Lease [09a4quattro] by Car_man HOST
Jan 29, 2009 (2:45 am)
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Replying to: 09a4quattro (Jan 27, 2009 7:10 pm)

Hi 09a4quattro. Let me begin by saying that $5,500 is way too much money to pay at signing on any lease. You should try to roll as much of this money as possible into your car's capitalized cost. Consumers who make large down payments on leases risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you will be much better off going with a zero down lease.
 
It is possible to back into this car's approximate selling price by playing with the numbers, but you would be netter off just asking the dealer what its selling price is. They should be happy to tell you. If not, don't lease from them. I personally would never lease from a dealer that wasn't willing to tell me how much they were charging me for the vehicle that I wanted.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2569 of 3132
Re: Question on money rate/security deposit [richb21] by Car_man HOST
Jan 29, 2009 (2:50 am)
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Replying to: richb21 (Jan 28, 2009 4:30 pm)

Hi richb21. Anyone who is not a current Audi Financial Services lessee who leases a new Audi has to pay a security deposit equivalent to their vehicle's monthly payment rounded up to the nearest $25 increment at lease signing. AFS will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that is used to calculate your vehicle's monthly payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2570 of 3132
Re: Residual [richb21] by Car_man HOST
Jan 29, 2009 (2:53 am)
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Replying to: richb21 (Jan 28, 2009 4:32 pm)

Hey richb21. Audi Financial Services' current residual value for a 36 month lease of an '09 A4 2.0T Prestige Sedan with 15,000 miles per year is 47%. This resid would be 2% higher for a lease with only 12,000 miles per year and 3% higher for a lease with 10,000.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2571 of 3132
Re: Question on money rate/security deposit [Car_man] by richb21
Jan 29, 2009 (3:10 am)
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Replying to: Car_man (Jan 29, 2009 2:50 am)

In that case, I think the dealer is trying to double dip on me. In addition to the .00015 in the money factor, they are asking for $2,000 upfront that "includes the first payment". My presumption is that anything I put upfront (over and above the acquisition cost) should be deducted from the capitalized cost. Am I thinking about that correctly? I've asked the dealer what else is in the $2,000 beyond the first payment as the first payment itself is far less than $2,000. I should get a response today.
 
Thanks again for your input.
#2572 of 3132
Re: Leasing and moving out of state [troylimey15] by kyfdx HOST
Jan 29, 2009 (5:48 am)
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Replying to: troylimey15 (Jan 28, 2009 6:41 pm)

This is where you will get hurt.. California taxes the monthly payment on leases... I think it varies between 7.75% and 8.75% depending on where you register the car...
 
If you were bringing in a car that you already owned, then there wouldn't be an issue, but they will certainly add tax to your lease payment... I definitely would not lease a car in an upfront tax state, then move to a "monthly payment tax" state..
 
regards,
kyfdx
#2573 of 3132
Re: 2009 Audi A4 2.0T AWD Quattro Lease [Car_man] by 09a4quattro
Jan 29, 2009 (8:06 pm)
Reply

Replying to: Car_man (Jan 29, 2009 2:45 am)

car_man, your response is quite helpful. This forums rocks, there is lot of nice info here for new buyers. I went to another dealer and got this deal.
 
MSRP: $34,965 (See breakdown of invoice below)
Selling Price: $33,000
Money factor: 0.00127
Residual: 52%
Taxes: 7.25% (Dupage county-IL)
Monthly Lease payment: $499
Due when signing the lease: $1142 (1st month's payment + $575 security dep + $78 license + $65 title fees)
 
Invoice: $30,737
Options: $1338 (options on the car at invoice price)
Total: $32,900
#2574 of 3132
Re: 2009 Audi A4 2.0T AWD Quattro Lease [09a4quattro] by 09a4quattro
Jan 29, 2009 (8:08 pm)
Reply

Replying to: 09a4quattro (Jan 29, 2009 8:06 pm)

Is residual and money factor in line for this car?
 
how about selling price? Any one has recently bought this car in IL?
 
thanks so much for your responses.

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