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Prices Paid: Buying & Leasing Experiences Audi A8 Lease Questions
116 messages, Last post on Sep 15, 2009 at 3:42 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi, 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? Thanks, Confused.
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Replying to: hotsko (Jul 08, 2007 2:37 pm) Car_man Host Prices Paid Forum |
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Replying to: hotsko (Jul 08, 2007 2:37 pm) 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.
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Replying to: rjlaero (Jul 12, 2007 1:58 pm) 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. Any thoughts??
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Replying to: clueless11 (Jul 15, 2007 7:34 am) 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.
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Replying to: rjlaero (Jul 17, 2007 5:46 am) 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. THanks again C |
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Replying to: iamtheid (Jan 07, 2007 4:16 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)?
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Replying to: jz661 (Oct 08, 2007 10:46 pm) A8's are wonderful cars, but you will take a big hit on depreciation. And they can be very hard to sell at times. Why spend that much on a used one when you can get a brand new one for not that much more? With market allowances and rebates, few would pay 73k for a certified 2006 A8L. There's $7,000 cash back right now on A8's. So a 82k brand new A8 has a net dealer cost of 70-71,000. Edmunds numbers are way off base sometimes, so take that with a grain of salt. The high end of the market is very tough and there's a lot of competition out there. Sometimes you're better off turning your high end car in and walking away and getting something else. Maintenace and repair are expensive for any high end car and they lose value quickly. |
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Does anyone know if Audi is likely to take back a 2005 8L with 19000 miles whose lease expires 3/08 early inorder to get the new 08 8L now? Also what is the 3 year residual on the car I had a 42 month lease for $1096 on a well equipped 05.Someone mentioned a 6000 or 7000 dealer rebate is that on the 08's?
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Replying to: dwbones (Oct 14, 2007 9:16 am) There's usually no incentives on A8 leases. If there's dealer cash, it's always at the end of the model year. There's dealer cash on leftover 2007's right now. Unless you put a lot of money down, it's hard to get out of an A8 lease early. 9 times out of 10 the car won't be worth the current payoff. |
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