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Audi A6, Audi A6 Avant, Car Leasing, Sedan, Wagon
#445 of 1490 Audi 2008 A6 Lease Offer - Need Advice
Mar 15, 2008 (6:00 am)
Here's the deal. I normally purchase, and do not lease. But I have a unique problem. I just brought in my 2002 Audi A6 due to intermitent engine light. Found out I need a completely new engine / rebuild. Cost is insane. I asked if they would be willing to take the car and lease me a new one. Ignoring the insanity of a car dying at 65k miles even after all maintenance done at the dealer, I thought I might be able cut my losses with a lease. Here's what they offered.
2008 A6 3.2 Quattro
Includes premium package, cold weather package, ipod integration.
msrp $51,315, net Audi loyalty offer of $2000 to get a sales price of $49,315.
Lease end value = 50%
money factor = .00092
They are offering $2000 for my 2002 A6 which is essentially junk value.
This doesn't sound like a great deal. I'd like to get some other opinions. I've copied the offer below. It has the rest of the detail.
First Payment Date: 04/13/08 18) Audi Care: $ 590.00
) Lease Institution: AUDI 19) Cash Cap Reduction: $ 2,000.00
) M.S.R.P.: $ 51,315.00 20) Total Trade Allow: $ 2,000.00
) Residualized Equip: Adjusted Cap Cost: $ 47,476.15
) Mileage Calc: 21) Customer Cash Down:
) L.E.V.%: 50.00% 22) Total Sales Tax: $ 2,067.50
) Lease-end Value: $ 25,657.50
23) ***MONTHLY PAYMENT***: $ 673.35
) Term: 36 Base Monthly Rental: $ 673.35
) Money Factor: 0.00092 24) Security Deposit:
25) License: $ 259.00
) Selling Price: $ 49,200.00 26) Registration:
) Extended Warranty: 27) Upfront Acq. Fee: $ 575.00
) Gap Insurance: 28) Doc Fee: $ 179.00
) Acq. Fee Included: 29) Luxury/Gas Guzzler:
) Dealer Mark-up: 30) Amount Due At Start: $ 4,067.70
#446 of 1490 Re: Audi 2008 A6 Lease Offer - Need Advice [minturn]
Mar 15, 2008 (10:24 pm)
Wow they have not discounted the car at all. You would be able to get it for much less if you go through internet sales. Why don't you try selling your old Audi to Carmax? They might give you a better price. Also I hear there is $3000 hidden dealer cash? You can easily get it below invoice if this is true
#447 of 1490 Re: Audi 2008 A6 Lease Offer - Need Advice [minturn]
Mar 16, 2008 (2:27 am)
Whis engine was in your 02 A6?
#448 of 1490 Re: Audi 2008 A6 Lease Offer - Need Advice [kgary]
Mar 16, 2008 (6:34 am)
#449 of 1490 Re: Audi 2008 A6 Lease Offer - Need Advice [shawn757]
Mar 16, 2008 (6:39 am)
Thanks for the confirmation on the deal. I agree with you on Carmax.
#450 of 1490 Good deal or not?
Mar 16, 2008 (9:55 pm)
Hi, I was offered $1k below invoice on an Audi A6 Quattro before the $2k rebate(purchase price at $3k below invoice). Did someone say that there's a $3k dealer cash? Is it on top of the published $2k rebate? The lease factor is 0.00033, that's virtually nothing(below 1% effective APR), right? Residue is at 50% on a 12k/36month lease. Is this good deal or not? Can anyone comment? When is A6 going to have a model change? This is the 4th model year. BTW, thanks to you all. This is a great forum!
#451 of 1490 Re: Good deal or not? [glfan]
Mar 17, 2008 (5:36 am)
The current A6 is going to soldier on several more years most likely until 2011 before any major styling changes.
The 08 models will likely get a small power increase to 265hp as in the new A5 and upcoming 2009 A4 3.2.
The leases are pretty good on the A6's right now. The residuals are just ok, but the money rate factors are crazy low less than 1% interest.
Putting a new engine in an A6 is extremely expensive. There's nothing a dealer can do with your car except take it to the auction.
#452 of 1490 Audi A6 Quattro Residual, Money Factor
Mar 23, 2008 (1:59 pm)
I'm looking for an A6 Quattro 3.2 with these options.
1. WB6 Premium Package;
2. PTA Technology Package;
3. PND Audi Navigation System
4. PAW Cold Weather Package
on 36 months, 10000 miles per year lease. no money down, would like to put everything into the payment. out of pocket / drive off will be the first month's paymet.
I'm in New York City, sales tax 8.375%
MSRP $55125.00 Invoice $51320.00 ( I got these numbers for Edmunds.com)
Residual Value =
Money Factor =
Can anyone please give me an answer for the residual value for 10000miles, 12000miles, 15000miles.
I thank you very much
#453 of 1490 Re: Audi A6 Quattro Residual, Money Factor [suv800]
Mar 24, 2008 (8:26 am)
Here's the residue chart on a 36-month lease:
47% for 15k miles
49% for 12k miles
50% for 10k miles
If you purchase the optional $650 Audi maintenance package, you can add another 1% to the residue. On a $50k car, it kind of pays itself. However, the package doesn't include any wear and tear items such as brake pads. To get the residue value, apply the % from above to the MSRP.
Money factor is a steal, 0.00033. That's equivalent to less than 1% APR. Hope it helps.
#454 of 1490 Re: Any cash incentives current for A6? [jdmass]
Mar 28, 2008 (2:26 am)
Hi jdmass. Audi has actually raised the $1,500 cash incentive that it was providing on A6 leases in February to $2,000 in March.
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