- #70 of 116
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Re: 2007 A8 Short Lease Advice [timincali]
by Car_man HOST
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Mar 11, 2007 (1:26 pm)
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Replying to: timincali (Feb 25, 2007 5:11 pm)
Hi Tim-in-Cali. The Audi A8 is definitely a very nice car. The selling price that you were quoted, $1,100 over dealer invoice, isn't bad. Audi's March lease program is different than the numbers that you were quoted though. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 A8 Short Wheel Base with 12,000 miles per year are .00080 and 40% (man what a bad residual value), respectively. Make sure that the dealer uses these numbers to calculate your car's monthly payment. Since you are in such a competitive market, it wouldn't hurt to see if another Audi dealer in your area was willing to beat this offer, but it's not bad.
Car_man
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- #71 of 116
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Re: 2007 A8 Short Lease Advice [Car_man]
by timincali
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Mar 12, 2007 (7:48 pm)
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Replying to: Car_man (Mar 11, 2007 1:26 pm)
UGGG ... I can't believe that the residual dropped so much. If I plug in the same numbers to my lease calculator, the payment jumps to 1382.65 w/tax. That's an increase of $60. I also dropped the residual by 1% to account for the 15K miles (this is what I was told the delta was between 15K and 12K). Any suggestions?
Thanks,
Tim-in-Cali ...
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- #72 of 116
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Re: 2007 A8 Short Lease Advice [timincali]
by rjlaero
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Mar 13, 2007 (2:10 pm)
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Replying to: timincali (Mar 12, 2007 7:48 pm)
A8's are in extremely short supply and there are very few on dealer lots right now depending on the region you live in. Audi doesn't have to really push this car int the US market with inventory levels so low, so that's why the residuals are pretty bad right now.
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- #73 of 116
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Re: 2007 A8 Short Lease Advice [timincali]
by Car_man HOST
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Mar 30, 2007 (3:01 am)
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Replying to: timincali (Mar 12, 2007 7:48 pm)
I'm sorry that this car's lease program isn't better, Tim. It is what it is. The only thing that you can do to lower your lease payment is to negotiate as low a selling price as possible.
Car_man
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- #74 of 116
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April 2007 S8 Rates
by ebb
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Apr 13, 2007 (7:29 am)
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Anyone have current residual % and money factor for the S8?
Thanks in advance!
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- #75 of 116
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Re: 2007 A8 Short Lease Advice [Car_man]
by orm1
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May 14, 2007 (5:23 pm)
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Replying to: Car_man (Mar 11, 2007 1:26 pm)
I'm negotiating for an A8L using a Premier Purchase. Quoted 41% residual. 2.25% interest. The salesman maintains that with the PP they don't use a money factor. True? So is the interest on depreciated amount (difference between MSRP and residual)? When I do my numbers I get a monthly of depreciation payment + monthly interest that is about $200 less per month. Thoughts?
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- #76 of 116
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Re: April 2007 S8 Rates [ebb]
by Car_man HOST
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Jun 01, 2007 (2:34 am)
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Replying to: ebb (Apr 13, 2007 7:29 am)
I have seen this car's lease program and would be happy to help you out, ebb. Audi Financial Services' program for it varies by term and mileage allowance. You never mentioned how long you are interested in leasing for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Through June 4th, AFS' current 36 month, 15k buy rate lease money factor and residual value for the 2007 S8 are .00355 and 45%, respectively.
Car_man
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- #77 of 116
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Re: 2007 A8 Short Lease Advice [orm1]
by Car_man HOST
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Jun 01, 2007 (2:36 am)
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Replying to: orm1 (May 14, 2007 5:23 pm)
What you were told is correct, orm1. Audi Financial Services' Premier Purchase Program is what is known as a balloon note program. Balloon notes use interest rates instead of money factors to calculate the interest portion of payments. I do not personally keep tabs on the details of balloon note programs, but the 2.25% interest rate that you were quoted for this car looks about right to me.
Car_man
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- #78 of 116
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Re: April 2007 S8 Rates [Car_man]
by jkrutch
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Jun 24, 2007 (5:39 am)
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Replying to: Car_man (Jun 01, 2007 2:34 am)
Does anyone have the current (month of June) 24 and 36 rates and residuals for the S8? I am also wondering if there are any incentives for the S8. As much as I love this car, they are simply not selling and there is a huge amount of inventory sitting on dealer lots. There are over 100 S8s listed on AutoTrader alone and I know of 2 local dealers that have S8s that aren't listed on AutoTrader. I can only imagine how many there are out there. I would think (and hope) as the '07 model year comes to and end there will be a huge incentive on this car either in the form of cash back or an aggressive lease program. Thanks in advance for any info.
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- #79 of 116
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Re: April 2007 S8 Rates [jkrutch]
by Car_man HOST
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Jul 06, 2007 (2:40 am)
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Replying to: jkrutch (Jun 24, 2007 5:39 am)
Here's the information that you're looking for, jkrutch. Through July 31st, Audi Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2007 Audi S8 with 15,000 miles per year are .00323 and 51%, respectively. The numbers for an otherwise identical 36 month lease are .00323 and 42%. As you can see, this car's lease program is pretty bad.
Car_man
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