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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
2121 messages, Last post on Sep 06, 2008 at 5:05 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: desgnconcpts (Dec 29, 2006 8:15 am) Also, what does the premier purchase do for me besides avoid Chicago sales tax? Thank you for your prompt response and assistance.
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Replying to: brutus6 (Dec 29, 2006 8:26 am) I come up with a rough estimate of $547 per month, all you would pay at lease inception would be $547 (your 1st mo). This is based on getting the car at "invoice" plus the dealer ad fee and port prep fee. I don't know if those fees are real or not but they show up included on the dealer's invoice. Because it is the end of the month & year, you should be able to get pretty close, if not at, this invoice number. Here's a way to look at it -- payments of $547 mo x 24 months is $13,128. Your quote was $403 a month x 24 months; that is $9672, but you have to come up with $4250 at inception, total of $13,922. Not a huge difference, except if you total the car early on, you've lost your $4,250. The Premier Purchase you talk about must be something like the GM Smart Buy -- it is NOT a lease -- but they're structuring it like that to avoid Chicago's 6% tax on lease payments. I really can't advise you on what pitfalls there are with this program as I'm not familiar with it. You'd be wise to ask for a draft of your deal which you can read over at home instead of under duress at the dealer. To me, it sounds like they're trying to come up with a similar deal to the lease with an attractive payment -- but I am only guessing. |
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Replying to: desgnconcpts (Dec 29, 2006 8:15 am) Of course, if the dealer refuses to negotiate further, then all you get is that $379/month. |
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Any thoughts on the following deal for: 2007 Audi A4 2.0T 4dr Sedan (2.0L 4cyl Turbo CVT) Total with Options (Edmunds) MSRP $31,885 Invoice $29,505 TMV $31,518 ------------------ Dealer Specific: MSRP $31,885 Invoice $30,500 Cap Reduction $1499 Aquisition $575 Tax & Tag $335 Pre-tax Monthly Payment = $299 + $20 for metallic paint - Quartz Gray(=$319) Down Payment = 1499 (Cap Redux) + 575 (Acquisition) + 335 (Tax & Tags) + 319 (Pre-tax 1st monthly payment) = 2,728 Lease Terms = 24 mo / 15,000 per year No disposition fee
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Replying to: tmo1 (Dec 29, 2006 10:18 am) To the 29,505 (edmunds invoice), add 300 + 195 and you'll be at 30,000 -- your cap cost is 500 more -- so you still have room to negotiate. Per earlier posts, don't put money into the lease -- $1,499 to reduce payment will be lost if you total the car. Instead, ask for nothing down and include your acq fee and tax & tags into your lease. You'll walk out, make only 1 payment. When I ran the calculation for the MSRP and Invoice (net cap cost you gave) I assume you didn't include metallic paint. The $299 is correct with the numbers you have listed, without metallic paint. If your numbers for MSRP and Invoice include metallic paint cost, then your monthly is too high. If you put nothing down, just pay 1st mo lease payment, based on #'s you gave your monthly would be about $363.
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Replying to: desgnconcpts (Dec 29, 2006 10:40 am) 2007 Audi A4 2.0T Quattro tiptronic, with metallic paint, Premium package, heated front seats, Convenience package, Bluetooth, and Ipod adapter. Total Monthly payment: $386.79 + 6% Michigan sales tax Total Up-front costs(title,taxes,acq fee,first month payment, etc.): $1500.00 Turn-in fee (at lease end): $350 I think this deal is reasonable except the fact that I put in $1500 up front instead of only the first month's payment as emphasized by carman and others. Also, for people thinking about getting the ipod adapter, I don't think it's worth it since the A4 does not have MMI available unlike the A6,A8 which makes the ipod hard to navigate while driving. Also, it would have been nice if the turn-in fee was waived (is this possible?). Any comments about this lease deal? Hope this gives u an idea of lease deals out there.
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Can someone please tell me what the residual is for the A4 Quattro 2.0T on a 36 month lease? It appears the 24 month residual is 73%. I have seen 2 numbers on the 36 month 58% and 61%. If I would go with the 36 month and get this $550 service contract does it raise the residual? Also with the different residuals is 24 month more advantageous than 36 month or is it a wash? I live in Texas so the longer the lease the better since we get hammered with the sales tax. Also correct me if I'm wrong but the MF for all lease periods for this model is .00115?
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Replying to: sacurtis1 (Dec 30, 2006 12:10 am) 36 mo/15k mi – Resid Value 59% of MSRP – .00115 Money Factor 36 mo/12K mi - Resid Value 61% of MSRP - .00115 Money Factor Add 1% to the residual for the service contract. Re whether to take 24 mo or 36 mo -- I'd say it depends. You can pretty well count on having to replace tires (whether at 36K or 45K -- what was on my car -- Goodyear Eagle LS2's. If you look those up on tire rack, they're pretty expensive AND get poor tread life). In addition, you WILL have to flush the brake fluid at 2 yrs. You should find out if that is covered under the maintenance contract. I'd run the numbers if I were you -- it's what I did -- to find out the 24 mo was only a little more expensive but I would not run into having to replace tires before turning it in. Another concern would be the wear & use policy of Audi (see my earlier post with link to their verbage on it). It appears much more restrictive than other co's -- and so, another year of wear and tear on the car could literally mean hundreds or thousands of dollars of repair to turn it in (or get charged for extra wear at turn in). These were my considerations -- YMMV. Good luck. |
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Replying to: sealsmith217 (Dec 29, 2006 10:55 pm) If you post your MSRP and net cap cost, it will be pretty easy to figure out if this was a good deal. Your upfront cost would consist of 575 acq fee and 1st mo payment of 386.79, title cost -- you say taxes, but then you also say your payment is 386.79 + 6% MI tax (on payment?). AFAIK, turn in is not negotiable -- they will waive it if you buy the car at lease end or if you lease another. Re the iPod adapter -- I saw an article by the head of Audi's technol group talking about this. And there was a review of the connection. I believe you're right, you'd probably be just as well off without it because it won't work like you'd like.
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Replying to: desgnconcpts (Dec 30, 2006 9:36 am) MSRP: $36585 (this does not include the ipod adapter) Gross Capitalized Cost: $34567.61 Capitalized Cost Reduction $261.60 Adjusted Capitalized Cost: $34306.01 Rent charge: $ 1684.00 Turn in fee(at lease end): $350.00 As stated on prior post my total upfront payment(money due at lease signing): $1500.00 Clarification on the total monthly payment: $410 (this includes the 6% MI sales taxes) Is this a good deal? Also, do you think they charged me somehow for the ipod adapter without seeing it itemized in the lease agreement?
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