4281 messages,
Last post on May 16, 2013 at 12:52 PM
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Audi A4, Car Leasing, Sedan, Wagon
#3778 of 4281 Quick answer on lease deal - please!!
by mcforty
Aug 10, 2011 (11:56 pm)
Question I have a lease deal and I don't know if it's good. I know I have friends who always seem to get leases cheaper than mine.
I want to lease an Audi A4 2011 (yes) Quattro with premium plus and sport package
MSRP 40,145
My price $38,537
Residual Value 20,875
Money Factor .00158 (tier c)
36 months
$4,000 down
Payment $553.19 (8.25% sales tax - live in CA - payment includes sales tax)
This also includes audi 1 month free ($553.19 - put over all payments) Is that the best to do with Audi first month free?
DMV fees $379 + $7.85
Acquisition fee - $695
$45 other fee
Something about only $2700 of my payment going toward cap cost reductions because of drive off.
Is this a good deal??
#3779 of 4281 Re: 2012 A4 lease rates [Car_man]
by nevets8
Aug 11, 2011 (12:50 pm)
what about the rates for NON Quattro?
#3780 of 4281 Re: 2012 Advant A4 Lease [Car_man]
by mitzir
Aug 11, 2011 (3:08 pm)
The full MSRP is 43750. Thanks for your input!
#3781 of 4281 A4 Quattro 11 Lease
by rrocks
Aug 12, 2011 (5:33 pm)
Car_Man-
I'm new to leasing and would appreciate what you think on this lease: 2011 A4 Quattro Premium (Bluetooth, Ipod, tips) MSRP $37,060, agreed on price, $35,352, 36 months 12K miles, residual value 55% with Audi Care $20,383, money factor .00120, $5K down (I know people usually say don't put much down...long story) - Audi picked up first month- payment $403 +tax = $433.99. I'm happy with the car and the treatment at the dealer, but I'm trying to learn more about leasing and am wondering if I missed anything. (e.g. what is a cap reduction tax -- $281.47). Thanks!
#3782 of 4281 Re: A4 Quattro 11 Lease [rrocks]
by kyfdx HOST
Aug 12, 2011 (8:35 pm)
what is a cap reduction tax -- $281.47
That is the sales tax on the down payment..
#3783 of 4281 Audi A4 avant lease question
by audiaudi2
Aug 13, 2011 (4:37 pm)
Car man - I just got back from a local dealership and before I commit, wanted to get your thoughts:
I am looking at a well-optioned 2012 A4 avant (prem plus) with an MSRP of $43,685. They have agreed to a price of $40,451 (after loyalty payment, first months payment and other negotiations). They have agreed to a 59% residual and admit that Audi is offering 0.00142 as a money factor, but will only give me a money factor of 0.00167. Other upfront fees include: upfront sales tax of $169, first year fees of $393, and a loan origination fee of $740 (which they claim comes from audi finance).
I have several questions about this deal. First, is this a good price (basically 2% over invoice, less loyalty and first months payment)? Second, should I walk over the dealer's refusal to give me the lowest money factor, or are they entitled to keep some of the spread? Seems to me that they are not. Third, are all of these fees legitimate? I live in Northern California. Thanks.
#3784 of 4281 should i get out of lease due nov11 to grab '11 a4 deal?
by chiaudiguy
Aug 16, 2011 (9:49 pm)
fairly new to leasing... my a4 lease is up nov 2011, and i honestly would be just as
happy getting a good deal on a new 2011 a4 as a new 2012.
first, although i'm sure it CAN be done, will i still get screwed on "penalties"?
second, how much are these penalties likely to be? or, would the deal i'd likely get on the last of the 2011 models make eating the penalty worthwhile?
third, i'm actually right now at the 36k mileage (12k/year) that i signed up for. when i did the math initially, i figured it would be cheaper to pay for the extra 3000 miles i figured i'd put on by then, rather than opting for the 45k (15k/year) offer. if i turn the car in now, i guess i wouldn't have to pay for those 3000 miles... does this make turning it in early any better of a deal?
THANK YOU!
#3785 of 4281 A4 lease rates
by bwong06
Aug 16, 2011 (11:13 pm)
Hi Car_man,
Thanks for responding to my request in the MB C-class thread. If it isnt too much to ask, may I also get the 36 month lease numbers on a 2012 A4 Premium Quattro with 12k miles.
Thanks Again!
#3786 of 4281 Re: Thank you Car_man! [jayd4]
by Car_man HOST
Aug 17, 2011 (4:23 pm)
You're very welcome jayd4.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#3787 of 4281 Re: A4 Quattro 11 Lease [rrocks]
by Car_man HOST
Aug 17, 2011 (4:28 pm)
Hi rrocks. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
The money factor that you were quoted is way too high. Audi Financial Services' current buy rate for a 36 month lease of a 2011 A4 Sedan Premium quattro is only .00053 for consumers who qualify for its top credit tier. Make sure the dealer doesn't charge you any more than that.
Having said that, the selling price that you were quoted for this car looks good. Just get the money factor issue straightened out (and skip the down payment) and you're in business.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum