Last post on Dec 05, 2013 at 10:07 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Audi A4, Car Leasing, Sedan, Wagon
#4373 of 4422 Re: residual and money factor [kyfdx@Edmunds]
Sep 15, 2013 (10:28 am)
I was actually quoted 3.4% APR. They didn't mention the money factor, but my calculations shows that it is .0015. My credit rating is 800+.
The finance guy at the dealership also said that Audi does not allow an increase in the APR by more than .5%, which I find highly suspect.
Car: 2014 A4, AWD, Premium Plus, MMN Navigation, Metallic Paint, Grill Strips, Wood Inlay, All-Weather mats, First Aid Kit
Negotiated price: $42,500
Lease Term: 42 months
Down payment: Approximately $1,000
#4374 of 4422 Re: residual and money factor [eyc908]
Sep 15, 2013 (10:25 am)
I picked up an A4 P+ a couple of weeks ago at the base rate of .00076 (1.82%). If you are being quoted 3.4%, and have 800 FICO, you need to find a different dealership as the one you're currently talking to lacks integrity if they are saying 3.4% is the base rate.
#4375 of 4422 Re: residual and money factor [kmur]
Sep 15, 2013 (10:37 am)
Yea, I thought something didn't sound right. When I grilled him about it, he said that Chicago is unique and has higher APRs. Is there any merit to that statement? He also told me that Audi does not allow the dealership to raise the APR by more than .5%. Any merit to that, as well? Or is this guy full of it?
#4376 of 4422 Re: residual and money factor [eyc908]
Sep 15, 2013 (11:46 am)
I guess it possible that there are regional variations, but the gap between 1.8% and 3.4% is simply too large to be explained away by regional differences.
Sep 15, 2013 (11:47 am)
I have superb credit. What is the current money factor for a 2014 Audi A4 Sedan?
What is a good selling price?
What is a good residual for Northern NJ?
Are there any incentives?
Premium Plus, MMI Nav, Audi Side Assist, Cold Weather Pkg included, 36 months, 15K mileage
#4379 of 4422 Re: Audi A4 2014 [areyes1010]
by kyfdx@Edmunds HOST
Sep 15, 2013 (5:11 pm)
2014 Audi A4 Sedan Premium Plus (I'm assuming Quattro?)
36 months, 15K mileage
.00076 MF and 54% residual
Sep 17, 2013 (8:49 am)
Are there any incentives on leasing this vehicle? I found a conquest incentive that pays if you are coming from a BMW or Mercedes, but I am coming from an infiniti so I don't think that applies
#4381 of 4422 Re: Audi A4 2014 [kyfdx@Edmunds]
Sep 20, 2013 (7:26 am)
Yes, Quattro. I may also add Nav Plus, Side Assist, and maybe B&O sound. If so, will that change the money factor and residual?
They quoted me 56% residual and .00086 money factor without knowing my credit which is stellar.
#4382 of 4422 Re: 2014 A4 Premium Plus Lease [trainingfloor]
Sep 20, 2013 (2:20 pm)
What was your Residual and Money Factor?