- #607 of 3140
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Re-posting question...looking for answer ASAP if possible. :)
by danielle22279
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May 16, 2006 (5:24 am)
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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!!!
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- #608 of 3140
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Re: Special Offer Lease [fourizonly007]
by Car_man HOST
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May 16, 2006 (8:02 am)
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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
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- #609 of 3140
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Re: Money Factor Question [socal79]
by Car_man HOST
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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
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- #610 of 3140
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Re: Switching from a 330i to an A4 [evoic]
by Car_man HOST
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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
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- #611 of 3140
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Re: Good Lease Offer??? [danielle22279]
by Car_man HOST
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May 16, 2006 (8:21 am)
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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
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- #612 of 3140
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Re: Good Lease Offer? [hmwalpole]
by Car_man HOST
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May 16, 2006 (8:29 am)
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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
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- #613 of 3140
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Re: Good Lease Offer??? [Car_man]
by danielle22279
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May 16, 2006 (10:43 am)
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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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- #614 of 3140
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Help with details on selling a leased vehicle
by evoic
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May 16, 2006 (11:59 am)
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I live in California and the tax rate here is 7.75%
I am looking to sell my leased BMW 330i to a private buyer.
Can someone explain how this whole process will work?
What taxes am I liable for, who does the title get mailed to, etc.
I know that CA law allows for some type of grace period, but I don't know any specifics on this.
My payoff is $24,408 and the buyer is paying me $26,500.
If I get hit with CA taxes, it comes to $1,891 which basically makes it pointless to do. If I am NOT liable for taxes, then I need to jump on it and get the whole thing done and over with ASAP while the buyer is interested.
Also, my lease is up in 6 weeks, so I need to get on the move.
Thanks for any advice you can offer.
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- #615 of 3140
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Re: Good Lease Offer??? [danielle22279]
by Car_man HOST
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May 17, 2006 (1:44 am)
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Replying to: danielle22279 (May 16, 2006 10:43 am)
I sure can, danielle22279. As I mentioned earlier, the selling prices of leased vehicles are always negotiable. As a consumer, it is important for you to negotiate as low a selling price as possible for the car that you want to lease. The lower your car's selling price is, the lower your lease payment will be. You should be able to get an idea of how much you may pay for the A4 that you are interested in by visiting the following discussion and checking out how much other community members have paid for similar vehicles lately: "Audi A4: Prices Paid & Buying Experience".
Car_man
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- #616 of 3140
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Re: Good Lease Offer??? [Car_man]
by danielle22279
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May 17, 2006 (7:56 am)
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Replying to: Car_man (May 17, 2006 1:44 am)
Ok, got the price the MSRP the is 35510, and the selling price is $32967.00.
Audi A4 Quattro with Sunroof & Premium Package.
$1500 down
15K
36 months
$434.50 a month.
Good deal??? An answer ASAP would be great bc the delaer is waiting to hear from me. 
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