Last post on May 19, 2013 at 7:32 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi A6, Audi A6 Avant, Car Leasing, Sedan, Wagon
#222 of 1293 Re: 2006 A6 Lease numbers for August [Car_man]
Aug 23, 2006 (11:54 am)
"This dealer cash is not compatible with Audi Financial Services leases, so many dealers are running consumers' leases through independent banks to take advantage of it."
Car_Man, my first dealing with this issue with an Audi dealer in California was a choice between (1) subtracting the $6000, along with other discounts, from MSRP, and going through Bank of the West (where MF = 5.4% interest rate = .00225) versus (2) foregoing the $6,000 extra discount (assuming the dealer would have passed the whole thing along to me in scenario 1) and taking AFS's MF = 1.8% = 0.00075 (can't find my notes -- I think that's August rate on 2006 A6 3.2 Quattro).
With the numbers from the specific deal I'm considering, the MSRP is roughly $57,000. If I can get a total of $9000 off (with the $6000 dealer incentive), then the depreciation part of the monthly payment (on 36 months, 15K miles/yr) will be $555 and lease charge would be $171 for a total monthly payment to Bank of the West = $726+tax.
If, on the other hand, I went through AFS and could, then, only get, say $3000 off MSRP , instead of $9,000, the monthly depreciation charge (based roughly on 54,000 - $28,000) would be $722 over 36 months. So, even though the monthly lease charge would drop significantly to about $60, I'd still be paying more; but not so much more that, if there was advantage to going with AFS, I wouldn't consider it.
I think I just knew what I was talking about ... maybe
#223 of 1293 Re: Audi A6: Lease Questions [shawn757]
Aug 24, 2006 (8:04 pm)
"Does anyone know the residual factor and money factor for private bank lease? Like US bank?"
36 months and 12K/yr
MF for 2006 A6 3.2 Quattro at U.S. Bank is .0024
Residual is 46%.
#224 of 1293 MF and residual from AFS for 2006 A6 3.2 Quattro?
Aug 24, 2006 (8:06 pm)
Anybody know those for 36 months and 15K per year
#225 of 1293 Re: Audi A6: Lease Questions [sfcharlie]
Aug 24, 2006 (10:31 pm)
I presume that 46% residual is an ALG number, which is what most private banks use. Shows you what residual support by a manufacturer is worth.
#226 of 1293 Re: Audi A6: Lease Questions [billmv]
Aug 26, 2006 (7:03 am)
"I presume that 46% residual is an ALG number, which is what most private banks use. Shows you what residual support by a manufacturer is worth."
Yes... Audi is either being realistic or they are helping to create a self-fulfilling prophecy. ALG's annual awards for brands holding their value went like this for 2005 ...
Luxury Brand Residual Value Rankings
...in that order. "Below industry average" were Audi, Cadillac, Jaguar, Lincoln, Saab and Volvo.
So, Audi might be seen as just realistic about demand for three-year-old A6s. Or, as your comment left me thinking, maybe they contribute to their own poor residuals by highlighting them with their own lease offers. I did get the sense from my local Audi dealer that AFS is discouraging people from leasing from them (and thus bringing the cars back to them to dispose of in three years) by offering a $6000 dealer incentive only if you run the lease through a private bank. Don't know if his offhand comment is true.
But, also, we're talking about 2006s. Right now, if you lease a 2007 A6 3.2 Quattro (80%) of A6s are sold with the 3.2 rather than the 4.2, AFS rates are:
12 mo/15k mi – Residual Value 77% of MSRP – .00140 Base Money Factor Rate
24 mo/15k mi – Residual Value 64% of MSRP – .00140 Base Money Factor Rate
36 mo/15k mi – Residual Value 53% of MSRP – .00140 Base Money Factor Rate
48 mo/15k mi – Residual Value 42% of MSRP – .00360 Base Money Factor Rate
Actually, these rates for 2007 are higher than those offered by BMW for the 2007 5-series ...
24 mo/15k mi – Residual Value 70% of MSRP – .00160 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00160 Base Money Factor Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00315 Base Money Factor Rate
60 mo/15k mi – Residual Value 34% of MSRP – .00315 Base Money Factor Rate
So, there, for the new cars coming in, Audi appears more optimistic than ALG's stats suggest they should be.
#227 of 1293 Car_Man: MF and residual for 2006 A6 3.2 Quattro?
Aug 27, 2006 (8:44 pm)
CarMan, can you post the August MF and residual for a 2006 A6 3.2 Quattro sedan, please?
P.S. If anyone else knows these figures, please post.
#228 of 1293 Car_Man: MF and residual for 2006 A6 3.2 Quattro?
Aug 27, 2006 (9:15 pm)
You have posted the August MF and residual for a 2006 A6 3.2 Quattro sedan, 12K/yr and 36 mos as .00105 and 47%.
Are the figures for the same car, but for 15K/yr and 36 mos, .00105 and 45%? MF provided by local dealer here in California, on Lease Review sheet I took home, appears to be .00125. Thought I'd double-check with you before questioning him.
Aug 28, 2006 (5:22 am)
Car_Man ... I somehow posted my request twice (#227 and #228) ... I thought I was editing #227...Charlie
#230 of 1293 Re: Audi A6: Lease Questions [sfcharlie]
Aug 30, 2006 (8:44 am)
Am I reading your numbers (or your interpretation) incorrectly? It appears as though the BMW rates are higher, not AFS'. e.g. AFS 36/15k = 53% & .00140, vs. BMW 36/15k = 60% & .00160.
These are obviously factory generated residuals, but I always thought the intent of the factory sponsored lease programs was to get a relatively low mileage used car back into the dealership so they could sell it again. You always read about how the dealers "make more on a used car than they do on a new car." I have no idea if that's true or not. Does anybody? When you look at the big jump in MF from 36 to 48 months from virtually every manufacturer, you get the impression that they really do not want the cars back if you're going to lease them for more than 36 months. Why? Must be too hard to sell at that point is all I can figure.
When I leased my wife's MB four years ago we used a private lease company and they used Bank of the West. Residuals were much lower at BWE (44% vs. 53% at MB), but the MB MF was .0036 vs. BWE's .0026. That, and a jacked up acq fee at MB, swung the deal in favor of the private lease co.
#231 of 1293 2007 A6 Lease Reality Check
Sep 08, 2006 (1:22 pm)
I am planning to lease a 2007 A6. I'm wondering if I'm anyone can tell me if I'm getting a reasonable deal. Here are the details:
2007 A6 3.2 Quattro
Options: Premium(WB6), Convenience(PPX), Technolgy(WTC), and heated Steering wheel (2ZM)
Sale Price: $53,000
Lease Term: 36 months, 10,000mi/yr, $.25/mile over 30,000.
Residual Value: 56% of MSPR
Money Factor: .0014
Additional Security Deposits: $6750 (9 at 750 each, lowers the MF from .0020 to .0014)
Monthly Payment: $751 ($628 depr, 117 interest, $6 lux tax)
Looking at the lease deals people were getting on 2006 A6's has given me pause.
Thanks for the insight and feedback.