Last post on Dec 05, 2013 at 3:44 PM
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Audi A8, Car Leasing, Sedan
#77 of 224 Re: 2007 A8 Short Lease Advice [orm1]
Jun 01, 2007 (2:36 am)
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.
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#78 of 224 Re: April 2007 S8 Rates [Car_man]
Jun 24, 2007 (5:39 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.
#79 of 224 Re: April 2007 S8 Rates [jkrutch]
Jul 06, 2007 (2:40 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.
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#80 of 224 Lease 07 A8L Should I wait?
Jul 08, 2007 (2:37 pm)
I need to turn in my Lexus LS at the end of August and want to lease (or buy) an 07 A8L. The numbers right now look pretty bad. I am looking for 36/48 month 15k.
1) Do you think Audi 2007 lease programs will get more aggressive when we get into August?
2) Right now, the lease program on the 2004s is great. DO you think that a similar program for the 2005's is coming soon? and is this a better value?
#81 of 224 Re: Lease 07 A8L Should I wait? [hotsko]
Jul 10, 2007 (1:49 am)
Hi hotsko. Audi's current lease program for the 2007 A8 is scheduled to run through July 31st. It is difficult to say what its August program for this car will be like, but I personally do not expect it to be dramatically different.
Prices Paid Forum
#82 of 224 Re: Lease 07 A8L Should I wait? [hotsko]
Jul 12, 2007 (1:58 pm)
Don't count on great leasing deals on the 2007 A8 as time goes by. The new 08 A8 models won't be here until late October or November at the earliest.
The A8/S8 is currently the only car that has no year end dealer cash or special financing incentives. That leads me to believe there aren't a whole lot of 07 A8's sitting on dealer lots, and Audi isn't really worried about selling the last of them off.
You gotta buy the A8 because you really want it, not because of a cheap lease payment. You can get a 7 series for 150- 200/mo less money on a lease, but that doesn't seem to keep people from buying the A8.
And I think the minor reskin on the fender flares on 08 models has the 07 production cut short, and there aren't near as many cars left on dealers lots as last year this time.
#83 of 224 Re: Lease 07 A8L Should I wait? [rjlaero]
Jul 15, 2007 (7:34 am)
Just a quick question.
I am going through a "lease broker" where the offer is to take over a lease from someone elses AUdi.
It is an Audi A8L, fully loaded (convenience pckg,leather arm rest, cold weather Pkg, 19 inch spoked wheels, front/rear parktronic, dual pane security glass,front seat vent/message, rear seat lumbar support). I believe it is certified and has another 50k on the warranty.
The price is 1050/month. No down payment since I am simply taking over his lease. It is a 2005 A8L with 25,000 miles with 28 months left on the lease.
Sounds pretty good, just don't know if this is currently a good lease price since the original buyer got this price 2 years ago.
#84 of 224 Re: Lease 07 A8L Should I wait? [clueless11]
Jul 17, 2007 (5:46 am)
That doesn't sound too bad of a deal. You're looking at 1400 month + on a new A8 with at least 4,000-5000 down.
I would verify that this A8 is certifed. I would never want to own an A8 out of warranty, so be careful about that.
Also, be aware that Audi changed it's policy and you can no longer transfer the 6/100k warranty. I think it was Aug/Sept of 2006 that was the cut-off for transferring CPO's, so make sure your car was purchased before that date and you can send the transfer form in for $150.
#85 of 224 Re: Lease 07 A8L Should I wait? [rjlaero]
Jul 17, 2007 (9:23 pm)
I checked and since I am simply assuming his lease, the owner (the bank) does not change. So I should not even need a transfer form. (at least that is what my lease broker says).
He sounds quite knowledgeable, so I guess I will go for it. If there is a problem I will let the forum know.
#86 of 224 Re: 2006 A8L Lease End
Oct 08, 2007 (10:46 pm)
Great to read your post. I have an 06A8L loaded with premium/sport package, front ventilation, massage, heat, sun shades, parking sensor and so on... my end of lease purchase price is 56K, and current millage is 19800.
You said never turn in a lease. In my case, shall I sell it myself? If so, how do it do it? My lease ends next month.
FYI, according to edmunds, trade in value is about 60K, private party price is 65K, dealer sell price is 69K, and CPO is 73K.
Thanks a lot for help.
ps. I try to lease a new A8L (need the size for family), 12K/yr, 2-3 yr lease. any idea how much to pay for same options (live is SoCal)?