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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
2073 messages, Last post on Jul 20, 2008 at 9:12 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car_Man, Could you give me the Money Factor and Residual for a 2006 A4 3.2 Quattro, for 24 and 36 months with 15,000 per year? I'm in WV if that matters. Mike |
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Congratulations on your new car, acura_tl. thanks for taking the time to share the details of your deal with everyone. Enjoy! Car_man Host Smart Shopper / Prices Paid Forums |
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Thanks for the additional information, schweikb. Given the choice between $600 and $800 off of MSRP, I'll take $800  . That does not seem like much of a discount, but that may very well be what the market for Audis is like in your area. It sure sounds like they are hot. Let's estimate what this car's lease payment should be using Audi's actual lease program. According to my calculations, if you were to lease a 2006 Audi A4 2.0T Sedan with quattro with an MSRP of $35,785 and a selling price of $34,900 through Audi Financial Services right now for 24 months with 10,000 miles per year, its zero down, pre-tax monthly payment should be around $408. Wow, that's a great deal for this car. AFS' lease program on it is pretty attractive right now. Its 24 mo. / 10k residual value for this car is currently a whopping 76%. Sales tax sure is high in your area, ouch  . Once sales tax and the fact that you are not paying a security deposit are added in, the payment that you were quoted is probably not that far from the one that I came up with. Car_man Host Smart Shopper / Prices Paid Forums |
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Thanks cluelessinla. It's good that you know this car's selling price. I would be happy to give you my opinion on it if you tell me what its full MSRP is. The MSRP will show me how much of a discount you are being given on your car and will enable me to calculate a sample lease payment on it using Audi Financial Services' actual lease program. Speaking of which, AFS' current 36 month buy rate lease money factor for a lease of a 2006 A4 3.2 Sedan with quattro is currently only .00165. This is a lot lower than the money factor that you were quoted. This leads me to believe that the dealer that you are working with may be marking-up AFS' money factor for this car to add additional back-end profit to your deal. This practice is completely legal, but can usually be avoided by consumers who know what their car's base money factor is. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi byrdgirl. You definitely need to find out the exact selling price that was used to calculate the lease payment that you were quoted. As a consumer, it is your right to know how much you are being charged for your car. This is a very important piece of informaiton because not only does it show you how much of a discount you are being given, but it also enables you to calculate a lease payment on your car. Audi Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 A4 2.0T Sedan is .00127. It looks to me as though the dealer that you are corresponding with cut and pasted AFS' standard lease program into the e-mail that they sent you, not its special program. There is a good chance that they did so to mislead you in an attempt to mark up your car's money factor and add additional profit to your deal. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey mooselook. The dealer that you spoke with was being very straightforward with you. They told you Audi Financial Services' actual buy rate lease money factor for this car and did not attempt to mark it up. You are absolutely correct about this car's 24 month, 10,000 miles per year residual value being an attractive 76%. Using an MSRP of $35,310, a down payment of $439, and the aforementioned lease program, I come up with a pre-tax monthly payment of around $369 when I use a selling price of around $1,200 below the MSRP. I am not sure how accurate the lease calculators that you are using are, but if you use the formula that is outlined in the following article you should be able to arrive at the same conclusion that I did: Calculate Your Own Lease Payment. Car_man Host Smart Shopper / Prices Paid Forums
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No problem vinayg1. According to my calculations, if you were to lease a 2006 Audi A4 2.0T Sedan with quattro with an MSRP of $35,910 and a selling price of $33,710 through Audi Financial Services right now for 24 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $353 with the payment of a security deposit and AFS acquisition fee. Car_man Host Smart Shopper / Prices Paid Forums |
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Don't worry about it Chips. Community members leave out informaiton all the time. You are being given a $1,285 discount on this car, which is right around the discount that Audi is using in its advertised lease right now. This leads me to believe that this is a fair deal, but one that can be beaten in an area where there is a decent level of competition for your business. You may want to stop by the following discussion to see how much other community members have paid for similar cars recently: "Audi A4: Prices Paid & Buying Experience". Let's calculate a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2006 A4 2.0T Sedan quattro with an MSRP of $33,285 and selling price of $32,000 through Audi Financial Services right now for 24 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $400. With this deal, at lease signing you would have to pay your car's first month's payment, a security deposit of $400, AFS' acquisition fee of $575, and any sort of required state taxes or fees. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi schweikb. You are being given a $1,347 discount on the car that you are interested in, which is better than the prices that a number of other community members have been quoted. Using the prices that you mentioned in your post, an MSRP of $35,785 and a selling price of $34,438, I estimate that if you were to lease this car through Audi Financial Services for 24-months with 15,000 miles a year, its zero down, pre-tax monthly payment should be around $431. Car_man Host Smart Shopper / Prices Paid Forums |
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Greetings seattlefan. Audi's lease money factors on the A4 Avant are a little higher than they are on the A4 Sedan. Audi Financial Services' buy rate lease money factor for a 24 month lease of an '06 A4 2.0T Avant is currently .00185 with the payment of a security deposit and right around the factor that you were quoted with the waiver of the deposit. So the money factor looks OK. You aren't being given much of a discount on this car though, only $560. On '06 A4 Sedans consumers are getting at least $1,000 off in most instances. The market for wagons many be a little different though and there may not be as much competition in your area. If this is the best that you can do in your area in terms of this vehicle's selling price, the deal looks good to me. Car_man Host Smart Shopper / Prices Paid Forums
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