Last post on Jun 17, 2013 at 8:42 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Audi A4, Car Leasing, Sedan, Wagon
Oct 13, 2011 (11:58 am)
2012 a4 premium plus with a few extras
3 year 15000 mile lease, audi care also
$662 mo w/ $1607 at start. audi makes 1st payment up to $600.
car trade in 10000
car wouldn't be in till nov(dealer trade) so i would have to put a deposit down and plans change in nov
please help... im thinking a no deal, any suggestions would help, if more info needed please reply
#3847 of 4312 Re: lease deal help [mightymike338]
Oct 14, 2011 (11:51 am)
A good rule of thumb on leasing is the 1% rule, which means your monthly payment should be around 1% of the msrp of the vehicle ASSUMING nothing down. It should include all fees except registration etc...
For example, I lease a 2008 A4 convertible for $441/month including CA tax (8.75%) back in 2008...it had a MSRP of just over 45K...my drive off was around 850 (1st month, dmv)...so I was actually less than 1%...which is extremely rare.
You are close to 1.4%, which is dreadful...furthermore, NEVER put down a deposit down on a car as common as an A4! You can actually lease a 2011 E350 for less than your quote - a 55k+ car.
My current lease is for a 2011 A4 Avant...MSRP of 39500...I got Audicare too...my monthly works out to 436 before tax...so about 1.1% which is solid.
#3848 of 4312 Re: new lease [jerrynmnk]
Oct 14, 2011 (5:37 pm)
Hey Jerry, where did you get that deal....I am being quoted $525 (starting neg just emailing back and forth) for a 2012; Premium Plus, Quattro, Manual with only Nav and sport package, it is White (no cost paint); 12k miles and I requested no cap cost red in the quote, but they have not gotten back to me about the other fees. I am in the NY tri-state area.
So, you gave nothing down (for fees?) nada? That seems like a great price, heck, I guess I dont even have to bring my check book then...
#3849 of 4312 Re: new lease [rjorge3]
Oct 15, 2011 (9:29 am)
$525 doesn't sound bad with Nav & sport pak. Mine has neither but does have metallic paint.
I live in S. NJ (Philadelphia area).
Only other thing is that I had $750 loyalty from Audi so you would probably be in the $500 range anyway.
Cherry Hill Imports, Cherry Hill, NJ
Oct 15, 2011 (10:07 am)
Just to add my input to this discussion.
Yes, the residual & money factor are both important factors when considering a lease deal. But, & this is a big but...they are both set by the bank/finance company and in most, if not all cases, are NON-NEGOTIABLE. The money factor can changes based on your credit rating, but you can't negotiate it. The residual is based on the term of the lease & mileage, also non negotiable.
Therefore the only things you can negotiate on your lease deal, just like on a buy, is the selling price of the car, and maybe some additional fees. That is the price that the residual will be subtracted from to leave the amount that the money factor will be applied to to come up with your monthly payment.
My deal was good (I think) because I negotiated a great selling price(below invoice) on the vehicle and the dealeragreed to absorb some of the fees that I could have been responsible for like bank fees, registration, doc fees, etc. I had no control over the residual & money factor. They remained constant at every dealer I went to(4 of them)...
At todays money factors a couple of thousand $$$ difference in price could translate to $60 less per month.
hope this helps.
#3851 of 4312 Re: lease deal help [manku]
Oct 17, 2011 (10:54 am)
thank you for you reply.. i was wondering how you figured out that percent? i got several quotes from other dealers in the Detroit metro area and their deal were 600-700 dollars a month... which is very dreadful...if you have any tips, suggestions. i would greatly appreciate it..
#3852 of 4312 Re: new lease [jerrynmnk]
Oct 17, 2011 (2:08 pm)
Can you send me the details of this lease? I'm looking to lease an A4 Quattro Premium with style pkg, convenience pkg, and heated seats in Nashville, TN (I'm assuming an 8.0% tax rate) for 36 months/15k miles. The MSRP on this combination is $38,025. I've agreed upon a price of $35,275 ($2,750 less than MSRP), and that brings my payments to $534/mo. Nowhere near the great deal you got for a more expensive car. Here are my calculations:
MSRP = $38,025
MF = 0.00151
Residual = 56% ($21,294)
Tax = 8.0%
Acq. Fee = $695
Agreed Price = $35,275
Net Cap Cost = $35,970 ($35,275+$695)
Depreciation = (Net Cap Cost - Residual) / Term
$407.67 = ($35,970 - $21,294)/36
Finance fee = (Net Cap Cost + Residual ) × Money Factor
$86.47 = ($35,970 + $21,294) x 0.00151
Pre Tax payment = $407.67 + $86.47 = $494.14
Payment (incl 8% tax) = $533.67
I think my calculations are pretty sound. So my questions are: what was your agreed upon price, what residual value and money factor did you get? What is your tax rate? I feel like the price I've negotiated is pretty good, who knows, maybe I can do better? Thanks for your help.
#3853 of 4312 Help w/ 2012 A4 Premium Plus Automatic Lease
Oct 17, 2011 (6:51 pm)
Hey Car Man,
I was hoping you could assist me with residual, money factor and payment on an Audi A4-Premium Plus (automatic) with GMBH Wheels and Navigation. The MSRP is $42,250 but I should be able to negotiate the price of the car to $40,756. I am looking for a 39 month lease with either 10K or 12k mileage.
#3854 of 4312 Lease Rates A4 Prestige
Oct 18, 2011 (7:57 pm)
Can you please provide residuals and money factor for 2012 A4 Premium Plus and also Prestige - 15K for 36 and 48 months.
#3855 of 4312 2012 A4 Premium Lease deal
Oct 19, 2011 (8:36 am)
I received a quote of $523 (includes NY tax of 7.375%) for 12,000/39 months.
MSRP: $38,580 / Invoice: $35,942 /Sale price: $36,300 + tax and fees.
Residual: 56%/Money factor: .00171
Total due at delivery: $1,918.59
Is this a good deal? Your help is always appreciated.