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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
3145 messages, Last post on Dec 04, 2009 at 11:32 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Carman, Can you help me out with the 24month 18k miles per year money factors and residuals on the 2010 Audi A4 2.0 Quattro in both premium plus and prestige configurations. Thanks.
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I've been offered to lease an A4 2010 Premium Plus for $500 over invoice. $605/month with just the first month's payment at signing. Is this fair?
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Replying to: djl3 (Sep 12, 2009 11:13 am)
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Replying to: djl3 (Sep 12, 2009 11:56 am) 2) 53% residual sounds right depending on the model and whether you are taking audicare. 3) .00412 money factor is WAY HIGH....that's over 10%. check back a few posts for the real audi rates. Perhaps the money factor was a mistype....but some dealers realize that selling a customer a car at just $500 over invoice sounds great. Customers can identify with 53% residual...most cars are in that range after three years. But customers have no clue what a "money factor" is.....so they can quote anything and the customer doesn't understand so it doesn't blow the deal. Hopefully, you did just mistype or wrote down the wrong number. If you gave us the right money factor, .00412, I suggest you find another dealer.
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Replying to: ghstudio (Sep 13, 2009 7:29 am) |
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Here are the details of the offer - thoughts? 2010 A4 2.0T Quattro Premium Plus with NAV MSRP $40,850 Mileage 12,000 LEV % 53% (Would be 54% if we were at 10K miles per year) LEV $21,650.50 Term 42 months Initial cap cost $38,451.00 - $400 over invoice in WA state Money Factor .00150 (for 42 months) Total payment $569.00 Total Down $5,750 My target payment is $550 per month - is the money factor right, or are they marking that up a little to make something on the back end? Any idea what the pick up is for the .20 bps higher MF? Would it be reasonable to accept these terms if they include Audi Care and the excess wear and tear protection? Thanks in advance!
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Replying to: dvakaduke (Sep 15, 2009 12:57 pm) So, I don't understand how you are putting down $5750 and still paying $569. Something isn't right here. you can get a close approx of your deal by taking $5000 of the $5750 (let's call the $750 your first months lease payment and registration) and dividing that $5000 extra payment by 36 months....which is $138 a month. That means that what they've quoted you is the equivalent of a no money down lease with a monthly payment of $569+$138=$707 a month. What's wrong here?????
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Replying to: ghstudio (Sep 15, 2009 1:52 pm) it's 42 months, not 36 - looking for MF at 42 months also, trade in owe ~29k getting 24k in trade... |
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Car Man, Here is the deal in front of me from a local dealer, 2010 A4 Premium Plus MSRP: 41250 Sell 39000 Tax 2742 Doc Fee, reg, elec fee plate, title 320 Acq Fee 625 Buy down 2495 Ref sec dep 478 1st mo payment 478 Purch option 22,275 Residual 54% Appreciate your feedback. thanks
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Replying to: ghstudio (Aug 24, 2009 3:46 pm) Then the lease deal, 36 months, 12,000 miles, minimum down, which was tax, registration and first month, total around $2,800 down, monthly payment $500. This sounded like a terrible deal to me, but the other two cars I'm looking at, the BMW 328xi and the Infiniti G37x are both higher. But here's what I find to be difficult when it comes to a lease deal. I read about other's experiences with the exact same spec and everyone gets a different price, some wildly different. The only thing that says to me is either the dealer is not discounting the car, he's over charging, or he is fudging the lease numbers to build in a larger profit for himself. In other words, if the dealer isn't jacking the price, he's jacking the lease numbers, or both. I knew I was in trouble when he said to me: "you can always lower your monthly if you pay more up front." When I hear that line, and I hear it a lot, I just want to walk away right then and there. Trying to get a good lease price makes me feel like I'm being conned, it never feels fair. Is it just Audi, BMW, and Infiniti and other "luxury" foreign dealers that act like this, or is it everyone? |
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