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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

What is this discussion about? Audi A4, Car Leasing, Sedan, Wagon


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#604 of 3145
Good Lease Offer??? by danielle22279
May 13, 2006 (4:49 pm)
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Hello - I am new to this site, but am looking to lease a new Audi in NJ. I was quoted on a 2006 Audi A4 Quattro with tiptronics, premium package, and sunroof package, brilliant black with ebony leather. I currently have a Honda Accord Ex that I am turning in shortly. Audi will work in my payments left of 289, to be $24 additional a month for 36 months(the length of the lease) They quoted me with that inmind and tax a cost of $430 for 12k with 2000 down, or $455 for 15k with 2000 down. The 2000 is all my fees and then a little extra. Is this a good deal? The MSRP is $35510, and the residual rate is 54%. I am debating on waiting another month or two as then I can eliminate the current car payment in the lease amount bringing it to $405 or $430 depending on 12k/15k respectively. Another Audi dealership that I called to see if they could beat that price told me to go with the dealer I was working with as they couldn;t beat the price. Could they just be working together to get me to buy? May seem silly but figured I would ask. Another concern rises that will I still be able to get the same offer then? Will I be in a better position to possibly get a better deal due to being another month closer to the 07's coming out?? Any and all help appreciated!!!
#605 of 3145
Good Lease Offer? by hmwalpole
May 13, 2006 (10:04 pm)
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Hello,
 
I am hoping you'll be able to tell me if this is a good deal or not.
 
2006 A4 2.0 T CVT Sedan
Quartz Gray
Audio Package
Sunroof Package
Premium Package
 
When I first went ot to the dealership, I aksed them (and they wrote it down - I have it here w/me) that I wanted a 36 month lease w/15,000 miles and wondered what the moeny factor and RES would be. The finance manager came back w/.00138 and 53% RES.
 
The MSRP $34,885 (+ $1127 for a wax job compliments of the dealer - I told them I'd pass on that). The invoice on the car is $27,215 and invoice for the audio is $910, sunroof is $1274, and premium is $1684. We started out at $34,000, wnet to 33810 but I was able to neg. the selling price of the car to $31836.
 
Here's my problem...what I thought was going to be a lease for 36 months on a 2.0 for $31836 for 15K was (oops!) not really for 15K miles but for 10K miles. The finance maanger cambe back to me and said that. My payments would now be $497.41 w/no money down and no security deposit.
 
Is this a good deal? ANd is it normal to have them drop the mileage like that?
 
THank you!!
 
$349 per month
36-month lease*
Down payment $999
Refundable security deposit N/A
Acquisition fee $575
First month's payment $349
Amount due at lease inception $1,923
#606 of 3145
Re: Carman: 2.0T CVT - Good Offer? [5510xi] by Car_man HOST
May 16, 2006 (4:03 am)
Reply

Replying to: 5510xi (May 04, 2006 10:19 am)

Hello 5510xi. I believe that the car that you described has a spread of around $2,300 between its full MSRP and dealer invoice prices. You are being given a discount of $935 on it, which isn't great. If you are in an area where there is a decent level of competition, I would not be surprised if you were able to beat this deal by shopping around. For additional feedback on A4 pricing, make sure to stop by the following discussion: "Audi A4: Prices Paid & Buying Experience".
 
The money factor that you were quoted for this car is right on the money though. This is always a good thing because it means that the dealer you are working with is not trying to mark your car's money factor up to add additional back-end profit to your deal.
 
Using the numbers that you provided in your post, an MSRP of $32,435 and a selling price of $31,500, I estimate that this car's 36 month, 10,000 mile per year, zero down, pre-tax monthly payment should be exactly the $389.33 that you were quoted. This also is a good sign.
 
The bottom line is that it looks like this dealer is being very straightforward with you, just try to get them to lower the selling price a little bit.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#607 of 3145
Re-posting question...looking for answer ASAP if possible. :) by danielle22279
May 16, 2006 (5:24 am)
Reply
Hello - I am new to this site, but am looking to lease a new Audi in NJ. I was quoted on a 2006 Audi A4 Quattro with tiptronics, premium package, and sunroof package, brilliant black with ebony leather. I currently have a Honda Accord Ex that I am turning in shortly. Audi will work in my payments left of 289, to be $24 additional a month for 36 months(the length of the lease) They quoted me with that inmind and tax a cost of $430 for 12k with 2000 down, or $455 for 15k with 2000 down. The 2000 is all my fees and then a little extra. Is this a good deal? The MSRP is $35510, and the residual rate is 54%. I am debating on waiting another month or two as then I can eliminate the current car payment in the lease amount bringing it to $405 or $430 depending on 12k/15k respectively. Another Audi dealership that I called to see if they could beat that price told me to go with the dealer I was working with as they couldn;t beat the price. Could they just be working together to get me to buy? May seem silly but figured I would ask. Another concern rises that will I still be able to get the same offer then? Will I be in a better position to possibly get a better deal due to being another month closer to the 07's coming out?? Any and all help appreciated!!!
#608 of 3145
Re: Special Offer Lease [fourizonly007] by Car_man HOST
May 16, 2006 (8:02 am)
Reply

Replying to: fourizonly007 (May 09, 2006 11:42 am)

Hi fourizonly007. The selling prices of leased vehicles are always negotiable. While most manufacturers' advertised lease payments usually include some sort of discount, they also usually leave a little meat on the bone so to speak. This makes sense because if an automaker advertised the skinniest possible deal on a vehicle, its dealers would not be very pleased. If you are in an area where there is a decent level of competition, I doubt that you will have much trouble negotiating a selling price that is lower than the one this lease is based upon.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#609 of 3145
Re: Money Factor Question [socal79] by Car_man HOST
May 16, 2006 (8:11 am)
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Replying to: socal79 (May 11, 2006 11:08 pm)

Hi socal79. While many banks' lease money factors do vary by credit tier, I believe that Audi Financial Services uses more of a pass / fail system with leases. Either you qualify for its special lease money factors for a vehicle or you don't. Your lack of credit history might hurt your chances of getting approved to lease an Audi, but if your income is good enough and your credit scores are high enough I suspect that you would be approved to lease through Audi Financial Services at its best rates. Of course, it is difficult for me to say for certain whether AFS will approve you or not. Did you actually submit a credit application, or is this just what a dealer told you? They may be trying to weed out someone who they do not believe is a serious buyer or trying to set you up for a big markup on your interest rate.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#610 of 3145
Re: Switching from a 330i to an A4 [evoic] by Car_man HOST
May 16, 2006 (8:16 am)
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Replying to: evoic (May 12, 2006 11:57 pm)

Hello evoic. The more options you add to a vehicle, the higher its price will be and ultimately the higher its lease payment will be. Having said this, most manufacturers' advertised lease payments leave a little meat on the bone to to speak. If you are able to negotiate a lower selling price than the one that Audi used to arrive at its current advertised lease payment, it would make up for some or all of the cost of the additional options that you are interested in. I would be happy to use Audi's actual current lease program to estimate what your payment will be on the car that you are considering leasing if you provide me with its full MSRP and an approximate selling price.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#611 of 3145
Re: Good Lease Offer??? [danielle22279] by Car_man HOST
May 16, 2006 (8:21 am)
Reply

Replying to: danielle22279 (May 13, 2006 4:49 pm)

Welcome danielle22279. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of the deal that you were quoted if you let me know what its selling price is.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#612 of 3145
Re: Good Lease Offer? [hmwalpole] by Car_man HOST
May 16, 2006 (8:29 am)
Reply

Replying to: hmwalpole (May 13, 2006 10:04 pm)

Hi hmwalpole. This definitely is not a good deal. Audi Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 A4 2.0T Sedan without quattro is only .00038. It sounds like the dealer that you are working with is trying to mark your car's money factor up to add additional back-end profit to your deal. Make sure to insist that they use the buy rate to calculate your car's payment. Since you are getting over a $3,000 discount on this car, it's selling price looks good. Get them to give you this price and the buy rate and you'll have a heck of a deal.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#613 of 3145
Re: Good Lease Offer??? [Car_man] by danielle22279
May 16, 2006 (10:43 am)
Reply

Replying to: Car_man (May 16, 2006 8:21 am)

I just have the MSRP of 35510...can u direct on how to get this number?

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