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Audi A8 Lease Questions

96 messages,  Last post on Mar 28, 2008 at 3:33 AM

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What is this discussion about? Audi A8, Car Leasing, Sedan

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#21 of 96 Deal Separately or Together? by jmd23 Dec 02, 2005 (10:19 am)
Dear Car Man,   Reading your postings here have really accerlated my education in the art of leasing. Thank you! So here's a situation that I hope you can advise on before I walk into the dealer showroom...   My 2006 A8 arrived a week ago. I have a (48-month lease) 2004 VW Touareg that I'm trying to get rid of. My approach is to first deal on the lease of the A8 and then the Touareg.   Using the lease calculator, money factor and residual numbers found on this site, I like the numbers that are coming up on a 36-month, 15k annual miles, $3k down.   But what the dealer will want for my VW (KBB says $35.5k) and what's still owed (about $43k) will be a big gap. I don't this to be thrown into the lease payments. I would like to pay the difference, but not all of it. Would a dealer be willing to negotiate by meeting me halfway on the VW if they get a lease that's good for them on the A8?   I know we all do what we do to make a living, I just don't want to be screwed...   Thanks in advance! Replies to this message: Car_man (Dec 05, 2005 5:06 am)
#22 of 96 Re: Re: Re: Current Lease Deals on the A8 [smittyj] by Car_man HOST Dec 05, 2005 (4:59 am)
Replying to: smittyj (Nov 26, 2005 7:43 am) Hi smittyj. If you were to lease a 2006 Audi A8L through Audi Financial Services in December for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00205 and 59%, respectively. This car's 10,000 miles per year residual value would be 1% higher. I'm really not sure what the market is like for the A8 is like right now, so I can't give you an idea of how much you should pay for this car in terms of its capitalized cost. I can tell you that a base 2006 A8L has a spread of $4,700 between its full MSRP and dealer invoice prices, so there is a lot of room to play with there.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: smittyj (Feb 15, 2006 6:42 am) Car_man (Feb 20, 2006 4:03 am)
#23 of 96 Re: Deal Separately or Together? [jmd23] by Car_man HOST Dec 05, 2005 (5:06 am)
Replying to: jmd23 (Dec 02, 2005 10:19 am) Thanks jmd23. I'm glad that you've found my posts so helpful. You're being smart by treading your new A8 lease and getting out of your current VW lease as separate transactions. Having the dealer work with you to pay off part of your current lease is going to hamper your ability to get the best possible deal on your new car. They probably have a figure in mind as to mow much a profit they are willing to take on the A8, it doesn't really matter to them whether you use all of the discount that they will be willing to give to reduce your A8's capitalized cost or use some of it to payoff your VW lease. A base '06 A8L has a spread of around $4,700 between its full MSRP and dealer invoice price to work with. Negotiate the best possible deal that you can on this car and then introduce your VW lease into the equation. If you want to roll some of your negative equity into your new vehicle's capitalized cost it will absorb some of the discount that you are being given.   Car_man Host Smart Shopper / Prices Paid Forums
#24 of 96 Re: Deal Separately or Together? by jmd23 Dec 05, 2005 (11:07 am)
Thanks for your reply, Car Man! I just may have some leverage, as of this weekend...   A competing dealer has the same A8 like the one I ordered but with 2 less options (adaptive cruise and rear electric lumbar). I'll live. They are offering it for $1,750 above invoice. If the money factor and residual are the same based on 36/15 than this is a pretty sweet deal, yes?   They don't know about my VW lease payoff, though. And I just may have some it rolled into the new lease.   Sincerely, jmd23 Replies to this message: Car_man (Dec 28, 2005 5:52 am)
#25 of 96 Re: Deal Separately or Together? by jmd23 Dec 05, 2005 (11:16 am)
Car Man, couple more items to note:   Livermore Audi - A8 SWB, black/amaretto - The dealer has $1k in deposit from me - MSRP 80,150 | Invoice 74,484 | TMV 79,654   Carlsen Audi - Competing dealer A8 SWB, black/amaretto - MSRP 78,350 | Invoice 72,882 | TMV 77,871 - Dealer quoted selling price at 1,750 above invoice = 74,632
#26 of 96 December MF? by jmd23 Dec 05, 2005 (5:07 pm)
Car Man,   Carlsen Audi is now saying the money factor for the A8 in December (36m/15k) is 0.0018.True?   Thanks in advance,   //J Replies to this message: Car_man (Dec 28, 2005 5:54 am)
#27 of 96 Re: Deal Separately or Together? [jmd23] by Car_man HOST Dec 28, 2005 (5:52 am)
Replying to: jmd23 (Dec 05, 2005 11:07 am) You're very welcome, jmd23. Let me know if you have any other questions.   Car_man Host Smart Shopper / Prices Paid Forums
#28 of 96 Re: December MF? [jmd23] by Car_man HOST Dec 28, 2005 (5:54 am)
Replying to: jmd23 (Dec 05, 2005 5:07 pm) Ahhh, apparently you do. I should have scrolled down before posting . Sorry for the delay in my response, I have been away on vacation. Yes, the money factor that you were quoted is correct. Audi Financial Services' December buy rate lease money factor for a 36 month lease of an '06 A8 4.2 is .00180.   Car_man Host Smart Shopper / Prices Paid Forums
#29 of 96 Re: Re: Re: Current Lease Deals on the A8 [Car_man] by smittyj Feb 15, 2006 (6:42 am)
Replying to: Car_man (Dec 05, 2005 4:59 am) Carman, What are current rates and res ?   what is markup on options?   My car has arrived! Replies to this message: Car_man (Feb 20, 2006 4:03 am)
#30 of 96 Re: Re: Re: Current Lease Deals on the A8 [smittyj] by Car_man HOST Feb 20, 2006 (4:03 am)
Replying to: smittyj (Feb 15, 2006 6:42 am) Hey smittyj. So your car has finally arrived. You must be excited. I know that I would be. Here is the latest lease info for you. If you were to lease a 2006 Audi A8L through Audi Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00185 and 57%, respectively. Again, this car's 10,000 miles per year residual value would be 1% higher.   For information on the MSRP and invoice prices of this car's options, look it up in the following section of this site: Edmunds.com New Vehicle Pricing.   Car_man Host Smart Shopper / Prices Paid Forums

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