Last post on Dec 13, 2013 at 7:57 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi A6, Audi A6 Avant, Car Leasing, Sedan, Wagon
#456 of 1491 A6 Lease Deals
Apr 01, 2008 (2:28 pm)
I'm currently leasing a 2004 A6. My lease expires in July and I'm trying to decide whether to buy my current car or to lease a 2008.
I gather that Audi is offering extremely low money rates for new leases -- less than 1%. But those rates seem to be expiring soon. Does anyone know if they are likely to be extended? Also, if they're expiring and I want to move now to take advantage of them, any experience with my options? Will I have to buy out the current lease or is there any other possibility?
Finally, last time around, my cap cost was way below MSRP -- probably just about invoice. What's the real life situation these days?
#457 of 1491 New Audi Specials (CA)
Apr 05, 2008 (4:38 pm)
Guys and gals, I just got off the phone with my area rep. Got great news for you.
In addition to the $2000 lease incentive on 2008 A6 leases, there is also an extra $1500 available now. Money factors are still low at .00018 and residuals will vary by engine/drivetrain.
#458 of 1491 Re: New Audi Specials (CA) [luvaudi19]
Apr 05, 2008 (5:44 pm)
Wow! Thanks Jerry. Is the $3500 exclusive to the CA area, or is that Nationwide? Also, I was in the Audi Dealership today, and they were giving me higher Money Factors. Do dealers mark these rates up?
#459 of 1491 Re: New Audi Specials (CA) [dbrouse]
Apr 05, 2008 (6:14 pm)
Dealers often do mark up the money factors or interests rates. It's another profit center for the dealership. In terms of the extra incentive monies, I think it varies by region, as I am on the West Coast and the call was from my regional rep. I do not see any nationwide bulletins for the extra incentives.
#460 of 1491 Re: New Audi Specials (CA) [luvaudi19]
Apr 07, 2008 (2:04 pm)
Thanks for the reply. Very informative.
#461 of 1491 Re: New Audi Specials (CA) [luvaudi19]
Apr 07, 2008 (9:31 pm)
Thanks for the info. Am I correct in understanding that there's a $3,500 incentive, a residual of 49 or 50% on a 12/36 mo. lease? Is the MF .00033 or .00018? I've seen both now. I'm very new at this and trying to figure it all out, hoping for a new car by this weekend. I'm in CA also.
#462 of 1491 Now you tell me...
Apr 07, 2008 (9:40 pm)
Crap. I just went out and signed a lease order on a 2008 Audi A6 3.2 Quattro w/ Prem, CW and iPod.
I thought the incentive was just the $2,000 as was originally posted. So when I got an offer of $2,411 under invoice I jumped at it (I figured the dealer had contributed some cash). I live in NY. Can anyone confirm the extra $1500 incentive exists on the East Coast? Because if so, that gives me another $1K worth of negotiation room to bring the payment down.
FYI, if anyone's curious, I'm currently at $679 (sales tax in the payment - 8.625%) for 36 months with 15K miles/year and only money out-of-pocket is First Month's Payment and DMV Fees. I was quoted a residual of 48% (47% + 1% for Audi Maintenance Package) and a money factor of 0.00018.
#463 of 1491 Re: New Audi Specials (CA) [cablue]
Apr 08, 2008 (2:06 pm)
You are correct in that there is truly $3500 now. The money factor is based on previous Audi Finacial customer or not. the extra .00015 is for security deposit waiver.
I'm not always on the forums, so you can feel free to use the email in my profile for quicker answers.
#464 of 1491 Re: Now you tell me... [krzyreeesh]
Apr 08, 2008 (2:07 pm)
Don't worry, I think the extra 1500 is Western Region only.
Apr 08, 2008 (7:10 pm)
Thanks for the information. I confirmed that the extra $1500 is in fact in NY as well. After reading your post, I called several other dealers and asked them to match or beat the deal I got ($679 incl. tax for 36mos/15Kmiles w/ FMP+DMV OOP). One dealer actually walked me through the process and told me that the $2000 was a manufacturer to dealer incentive and the $1500 was a capitalized cost contribution.
The $2000 is applied towards the negotiated selling price of the car.
The $1500 is basically Audi giving you $1500 to put down on the car which is why my deal required so little out of pocket.
After conferring with other dealers, no one could match the deal I got except maybe for a few dollars off. So I stuck with the deal and could not be happier.
I went to several Audi dealers in Long Island and have done a lot of the legwork, so if anyone wants to benefit from it and pick my brain, feel free to PM/e-mail me or just respond here.
In closing, I'd like to thank everyone in this forum for the immense amount of help they've given me in getting my last few lease deals. Leasing a car is no small task and is a huge commitment but the information given on this forum eases things up a lot. Because of this forum, a few years back I realized that I had to start shopping by which car had the best lease program rather than which car I wanted to get. I think we all are okay with dealers making a fair and reasonable profit, we just want to know what we are being charged for openly and honestly so we can make a rational decision.
This board and others like it do so much to level the playing field between dealers and customers and have totally transformed the car leasing/buying process for so many people. And people like me who are frequent post-readers but seldom post ourselves are the ones that benefit from it. So for that, and to all the people who have helped me and my friends and family save tens of thousands of dollars, I say thank you.