- #45 of 116
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Re: end of lease options [denaliinpa]
by Car_man HOST
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Sep 13, 2006 (2:36 am)
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Replying to: denaliinpa (Aug 19, 2006 6:49 pm)
Hi denaliinpa. Many banks now insure their vehicles' against significant drops in their residual values. I do not know if the specific story about Audi that your salesperson told you is true, but it is plausible. It's difficult to say whether your salesperson knew this when he sold you your car and he just told you what he did to get you to sign on the dotted line or if this was a policy change by Audi Financial Services that he would not have had any idea about. If you don't believe him, you can always stop by another Audi dealer or two and see what they can do for you on your current car's purchase price.
Car_man
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- #46 of 116
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Re: Need Lease Help [ccap]
by Car_man HOST
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Sep 13, 2006 (2:56 am)
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Replying to: ccap (Sep 11, 2006 12:47 pm)
Hi ccap. Audi financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 A8 SWB with 15,000 miles per year are .00249 and 62%. The numbers for an otherwise identical 36 month lease are .00249 and 53%. Normally AFS increases residual values by 2% for leases with only 12,000 miles per year and 3% for leases with 10,000 miles per year. However, I have heard that its residual value added for leases of the A8 may only be 1%.
I am not personally all that familiar with what the market for this car is like right now, but you may be able to get an idea of how much you should pay by visiting the following discussion: "Audi A8: Prices Paid & Buying Experience".
Car_man
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- #47 of 116
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'07 residual debacle made me lease Mercedes
by mikespopworld
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Sep 17, 2006 (10:21 am)
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Replying to: Car_man (Sep 13, 2006 2:56 am)
I really wanted the '07 A8L, and I waited nearly a year for it, passing on a 24 month lease on an '06 the year before with a residual of 71% and 10k miles per year. I was shocked and very angry when after waiting nearly a year the new residual for the same lease was 64%!! - I ended up leasing a '07 S550 mercedes instead with a 73% residual - for 27 months.
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- #48 of 116
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Re: '07 residual debacle made me lease Mercedes [mikespopworld]
by rjlaero
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Sep 20, 2006 (10:23 am)
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Replying to: mikespopworld (Sep 17, 2006 10:21 am)
A8's are in short supply for a lot of dealers throughout the country. Audi knows they are going to sell these cars regardless, so there's no reason for them to worry too much about residuals or money rate factors.
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- #49 of 116
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Re: '07 residual debacle made me lease Mercedes [mikespopworld]
by e350v10
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Oct 31, 2006 (7:34 pm)
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Replying to: mikespopworld (Sep 17, 2006 10:21 am)
The Audi resale is very poor - for leasing you are better off with a Mercedes. I have an '05 A8L (18K miles) I was going to trade in on an S8. The trade-in value came in around $40K - that's on a $75K car. Take a look at the Mannheim sales - even the W12s have dropped into the $70Ks.
It is such a great car - I don't understand why they depreciate so fast. It's crazy.
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- #50 of 116
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Lease a 2004 A8L ??
by stickgs
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Dec 04, 2006 (10:47 am)
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Looking to lease a 2004 A8L. what kind of terms should I expect to get on a 36mo or 48mo lease as far as residuals and money factors? car is a CPO in good condition with approx 17k mi and hoping to pay no more than $45k or so. Might consider putting $1-2k down. Any help appreciated carman. thanks
Stick
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- #51 of 116
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Re: '07 residual debacle made me lease Mercedes [e350v10]
by reality2
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Dec 27, 2006 (7:32 pm)
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Replying to: e350v10 (Oct 31, 2006 7:34 pm)
That is a bit strange considering that Audi's residuals are higher than that of Mercedes by several points at around 52.2% after 24 months with BMW ast 52.4% and Lexus at 52.8% while MB is around 48% within the same period. I would go by these numbers.
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- #52 of 116
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Re: Lease a 2004 A8L ?? [stickgs]
by Car_man HOST
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Jan 02, 2007 (2:46 am)
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Replying to: stickgs (Dec 04, 2006 10:47 am)
Hi Stick. Unfortunately, used vehicle leases are so much less popular than new vehicle leases and there are so many variables associated with them that I do not personally keep tabs on the specific details of manufacturers' used vehicle lease programs. Sorry that I could not be of more help.
Car_man
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Prices Paid Forum
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- #53 of 116
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2007 A8 Short Sport
by berisky
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Jan 05, 2007 (12:54 pm)
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Replying to: Car_man (Jan 02, 2007 2:46 am)
Anyone have any experience leasing a 2007 A8 Short Sport or know the money factor and residuals?
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- #54 of 116
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Re: '07 residual debacle made me lease Mercedes [e350v10]
by iamtheid
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Jan 06, 2007 (3:48 pm)
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Replying to: e350v10 (Oct 31, 2006 7:34 pm)
I custom-ordered a light silver and blue leather 2005 Audi A8L and only put on about $14k miles on it as of a few weeks ago. My payoff was $56k, and retailed for $89k, and I added a lot of dealer options, and they threw in a lot, $7k or so worth, and I was able to just sell the car around December 19th for $70,500, not even Audi certified. The car did have all brand new tires and wheels because I was given that program. If a tire or wheel goes bad, they give you a new one - a 3rd party company. Mine all went bad in LA, so I got all new ones including the spare. So, the most miles on any tire, including the spare was only about 500 miles. I sold it for cash, paid off my lease, and pocketed over $13k. My down was $10k when I leased it on a 48 month lease. I just leased a 2007 S8 and again got an incredible deal. I think my payments are at least $600 per month less than some of my friends who also ordered the car. I ordered it in July of 2006, but because of lack of carbon fiber, the car just came in on 12/17 or so. I expect to do well on this as well. If you end up with $10-20k after 2 years you are doing pretty well, especially if you put less than $10k (2005 A8L), or $2500 (2007 Audi S8).
I also rented the new Mercedes 2007 S550 and it was like a Chrysler! And about $130k with lots of options. I have owned three S Class Mercedes since 2000 and they were great. But this new 2007 was crap!
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