Last post on Dec 08, 2013 at 9:11 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Audi A6, Audi A6 Avant, Car Leasing, Sedan, Wagon
#430 of 1490 Re: 2008 Audi S6 residual and money factor... [gophaster]
Feb 12, 2008 (2:31 am)
Hi gophaster. Wow, you're certainly interested in some nice cars. Here's the info that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 Audi S8 with 10,000 miles per year are .00263 and 55%, respectively. The numbers for an otherwise identical 36 month lease are .00263 and 47%. The numbers for a 48 month lease are .00283 and 38%.
If you were to lease a 2008 Audi A6 4.2 Sedan with quattro through AFS right now for 24 months with 10,000 miles per year, its buy rate lease money factor and residual value should be a much more attractive .00027 and 57%. Its 36 month numbers are .00027 and 49%. Its 48 month numbers are .00304 and 39%.
When negotiating your deal on the A6, make sure to take the $1,500 cash incentive that Audi is providing on leases of it through AFS into account.
Prices Paid: Buying & Leasing Experiences Forum
#431 of 1490 Re: A4 Lease to A6 Lease - thoughts/strategies [gsjiv]
Feb 12, 2008 (2:47 am)
Hi gsjiv. Unfortunately I don't believe that it will be possible for you to get out of your current A4 lease well before its scheduled end date and into a much more expensive vehicle without increasing your lease payment dramatically. In order to get out of your A4 lease now, you will need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Prices Paid: Buying & Leasing Experiences Forum
Feb 12, 2008 (3:02 am)
Hi mgdme. Unfortunately, given their relative lack of popularity compared to new vehicle leases I do not personally keep tabs on the details of used vehicle lease programs. The one thing that I can tell you is to make sure to compare the cost of leasing the '07 A6 that you are considering to the cost of leasing a similar brand new model. The high level of lease support on new vehicle leases and the general lack of it on used vehicle leases often makes the difference between them less than one might initially think.
Prices Paid: Buying & Leasing Experiences Forum
#433 of 1490 My lease deal
Feb 13, 2008 (1:09 pm)
2008 A6 with premium, dvd nav and ipod
Fees and first $1962
Term 12k/36 mon
$1500 cash incentive
Good deal?? Anyone?
#434 of 1490 Lease end options
Feb 18, 2008 (11:28 am)
My 48 month lease of a 2004 A6 2.7T S-line is coming up at the end of next month and I am evaluating my options, including the possibility of buying the car. My contract residual is $20,850, but I don't want to buy the car without getting the CPO extended warranty to 100k miles. I have asked the dealership who sold the car initially to make me an offer based on them buying the car from Audi financial, completing the CPO inspections etc. and reselling to me. They're playing games, however about telling me the current MMR range on my car.
Could you please provide me the most recent Manheim Market Report numbers on my car so I know the approximate wholesale price that Audi FS will charge the dealer? My car has 45k miles on it and is good to excellent condition.
Thanks in advance.
#435 of 1490 Trying To Stay with Audi But Prices Are Crazy High
Mar 06, 2008 (10:24 pm)
I am coming to the end of my second Audi A6. I had an 02' A6 with CVT 3.0 engine. Great car. I am now driving a leased A6 05' 3.2 Quattro with NAV, Keyless feature, Sirius Radio, Voice Command, the upgraded leather (door panels), the upgraded 18" wheels from sport pkg without the sport package. It is black exterior with ameretto interior...beautiful car. Going to Audi dealers, they seem to not care at all that I'm a previous Audi customer. They won't charge me the disposition on my current car and no security deposit (I think about $550) on the new car. I am currently paying $625 month plus tax...I get 15K miles/year on a 36 month lease and I only gave them a total of $1,000 at start including my first month's payment and tax and everything or anything else they wanted to call it...$1,000 total to dealer and I drove off the lot. Now, I'm getting for a similarly equipped car quotes of $750 to $800/month plus tax. Why so much more? I thought all the banks were in a credit crunch and would be more willing to deal on cars. I know the programs just changed starting in March...I know they are still giving $1,500 off for leasing. If somebody knows of an Audi dealer that is willing to deal on price, please let me know. I am in the South Florida area (near Champion Motors, Prestige Audi, etc). My experience has never been good at all with Prestige Motors whether servicing my car or for getting a new car there. The last one I got was from Braman in West Palm Beach based on price. Any help would be appreciated and I will travel to get the car...not as far as California but somewhere in the Southern area. Thanks.
#436 of 1490 Re: Trying To Stay with Audi But Prices Are Crazy High [bondguy1]
Mar 07, 2008 (2:46 pm)
When Audi came out w/ the A6 in 2005, the MSRP was around 41k to start for a 3.2 Quattro. You could get a fully loaded one for just over 50k. Now the same 3.2 Quattro starts 45k. With premium, nav, tech, milano leather, it's over 55k.
As a comparison, you can't buy a fully loaded 2008 MB E class V6 or BMW 5 series for 625/mo w/ $1000 out of pocket 15k miles a year and get all those high end features. Go look on BMW and MB websites for their lease offers. Most of their leases are $4 - $5000 out of pocket if you want to get 600/month. And your NOT getting all the high end options at that price.
I wish eveything stayed the same in life, but it's 3 years later and deals change.
Your lease paymet on your previous A6 was quite low considering all the equiptment on it.
Did you trade out of you 2002 A6? Maybe you had some equity in your car and you put it towards the 2005 A6 when you leased.
#437 of 1490 Any cash incentives current for A6?
Mar 09, 2008 (11:19 am)
It looks like there was a $1500 cash incentive in place in February. Does anyone know if it is still available, or if not, whether there are any replacements?
#438 of 1490 Re: Trying To Stay with Audi But Prices Are Crazy High [rjlaero]
Mar 09, 2008 (1:37 pm)
Forget that. It's time to say goodbye to Audi. I am looking at a fully loaded Infinity M35 or M45...better NAV system, same HP, free loaner (although some Audi dealerships will do this) and dealer is much closer to my house. I can get a fully loaded 6 cylinder M35 with 1,000 at start w/ 15K/year for $635 plus tax. Audi is getting too big for their britches. They forget too soon about how they were struggling with their crappy reputation a few years ago and nobody would touch their cars. Watch, I'll get my Infinity and in two months, I'll get the call from the Audi salesman to come in and do a deal.
#439 of 1490 Re: Trying To Stay with Audi But Prices Are Crazy High [bondguy1]
Mar 10, 2008 (5:08 am)
You'll always get a few more gadgets in a Japanese car with Acura and Infiniti, and everbody knows that. There's somthing distinct and special aboout the way German cars handle and drive on the road.
If you can't afford one or are simply to cheap to pay for one, it has nothing to do w/ Audi being too big for their britches.
The German cars are very expensive to manufacture and bring over here. Audi is one of the few companies still building all their cars over in Ingolstat. BMW and Mercedes are building cars in Alabama and South Carolina and still charging top dollar. Audi is crushing Mercedes on reliability. The current A6 is rated as one of the safest cars on the road today in any class. The E class, M35/45, 5 series are not double best picks by the IIHS. They're fine cars, but the build quailty and safety on the A6 are above reproach.
Many Audi's are still priced below what BMW and MB are charging MSRP wise, so there is still a lot of value there, although they are getting more expensive every year.
The US dollar is at an all time low and worth 1/2 as much as the Euro. Audi is making far more money keeping their cars in Europe.