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Audi A6 Lease Questions

644 messages,  Last post on Oct 18, 2009 at 10:52 AM

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What is this discussion about? Audi A6, Audi A6 Avant, Car Leasing, Sedan, Wagon

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#512 of 644 Re: Completely New to the Leasing Scene [mzig] by sryn May 28, 2008 (11:02 am)
Replying to: mzig (May 27, 2008 6:38 pm) I realize that this is a lease board, but I don't see any discussion re the Audi purchase/balloon program. I drove a 4.2 last weekend. In just generally discussing acquisition options w/ the salesperson (cash buy, finance, lease, etc.), she mentioned the balloon program is a buy program with a lot of lease features and, currently, has an interest rate that is a lot lower than the embedded interest rate / money factor in the audi lease program. She mentioned that the balloon program interest rate was only 2.9%, while the lease interest rate was 7%. Further, the balloon program, like a closed end lease, contains an annual mileage allowance and allows the buyer to turn the car in after a pre-determined period of time (e.g., 36 mos; 42 mos; etc). The interim payments are lease-like in amount; sometimes better.   Has anyone had any experience with this? Replies to this message: jpdc (May 28, 2008 11:20 am) sryn (May 28, 2008 11:52 am)
#513 of 644 Re: Completely New to the Leasing Scene [sryn] by jpdc May 28, 2008 (11:20 am)
Replying to: sryn (May 28, 2008 11:02 am) I think you're talking about the Premium Purchase program -- which is what I opted for in 2004. It's definitely a good option, and works very much like a lease, but you have to run the numbers.   For instance, I'm paying 1/2 % interest, virtually nothing and just a tiny fraction above the subsidized rate that was available for leases at the time. So there wasn't any advantage one way or the other. The tax was a bit higher because I had to pay the whole sales tax at the front end (albeit rolled into my cap cost) rather than the lease tax payment, which is paid in installments as you make monthly lease payments and only applies to the portion of the car's value that you "use" (about half over the life of the lease). But I didn't have to pay any of the lease fees (acquisition and disposition fees). I'm actually in the process of turning in the car, and it's working just like a lease would -- with one added benefit. Audi is willing to finance my balloon payment at my existing subsidized interest rate. And that's way below market. It's even below the subsidized rate on certified used Audis.   When I ran the numbers, this program came out marginally cheaper, so I went for it and have no regrets. But I don't see any reason to do it unless it's cheaper.   Right now, the lease money factor on an A6 3.2 is less than 1%. I don't believe the 4.2 has a similar subsidy, so it sounds like you're getting pretty straight information. Replies to this message: sryn (May 28, 2008 11:52 am)
#514 of 644 Re: Completely New to the Leasing Scene [jpdc] by sryn May 28, 2008 (11:52 am)
Replying to: jpdc (May 28, 2008 11:20 am) Thanks. Further, being in Texas, the sales/use tax factor doesn't apply. In Texas, you pay sales tax on the full capitalized cost/purchase price regardless of whether you lease or buy. As you alluded, when it comes to leasing, most states only have you paying a use tax on the amount of your monthly payment (rent).
#515 of 644 Re: Money factor math [colonote] by Car_man HOST Jun 03, 2008 (2:57 am)
Replying to: colonote (May 22, 2008 12:49 pm) Hi colonote. The formula that is used to calculate lease payments is outlined in the following informative Edmunds.com article: Calculate Your Own Lease Payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#516 of 644 Current A6 Lease Program by jpdc Jun 05, 2008 (8:20 am)
Does anyone know the details of the current A6 lease program? It looks like the money factor is still .00018. And by my calculation from the numbers in the Audi ad, the residual is 48% for 10,000 miles. Anyone have different information?   Also, I can't figure out what kind of cash Audi is offering. Is the $2,500 still in play?   Thanks. Replies to this message: Car_man (Jun 20, 2008 1:26 am)
#517 of 644 Re: Completely New to the Leasing Scene [mzig] by gjsctc Jun 09, 2008 (7:59 am)
Replying to: mzig (May 27, 2008 6:38 pm) Not sure if you should wiat but i would guess they wil contunue the incentives since the new 09 will be out in December and they are still taking orders for the 08.
#518 of 644 Negotiated lease deal by colonote Jun 10, 2008 (11:26 am)
Just took delivery of my leased A6 Quattro. My process: Got the Audi lease deal info from Audi website; got the lease input numbers (money factor, residual and incentives) from this forum; called the fleet/internet managers of 4 dealers and let them know I owned 2 prior A6s, was a serious buyer and wanted a cap cost based on +/- Invoice, not MSRP. I didn't discuss options or color, since the successful dealer may have to trade with another dealer for the A6 I wanted -- and that dealer won't let go of the car if he knew it matched my preferences. One only wanted to talk discount off MSRP- so he's done. Without negotiation, one offered $500 under invoice, another $1,200 under and the third $2,000 under -- which would have given the dealership $500 profit + holdback, with no tire kicking. So I went with that dealer. He had to trade another dealer for the car I wanted. For my own education, I asked the manager to compare my lease rate with the Audi promo lease deal. Turns out that, after adding options to the Audi promo car to match mine, my negotiated deal was only about $10-15/month cheaper than the Audi promo deal, with same equipment. The manager told me that's because Audi requires the dealer to take a profit cut on the promo lease deal. So if you don't want to bother with 30 minutes of comparison calls just tell the dealer you want the Audi lease promo deal (ends July 1). Three caveats: - Per the website, all dealers do not participate in that lease deal; -The promo deal is a "basic" A6 Quattro, and not too many dealers order a basic Quattro, so there'll probably be additional options on the available cars. You should try to get the options at Invoice, not MSRP. And color selection may be limited. Hope this helps and thanks for this forum. PS: Homelink can now be ordered separate from the expensive package. Replies to this message: Car_man (Jun 20, 2008 1:30 am)
#519 of 644 Re: Just the facts [ytka98] by hipo Jun 15, 2008 (10:42 am)
Replying to: ytka98 (Apr 29, 2008 6:54 pm) ytka98, your cap cost is significantly lower than invoice minus all the incentives. Can you please tell which dealer you used?   Tnx Replies to this message: mishmash1 (Jun 15, 2008 1:31 pm)
#520 of 644 Re: Just the facts [hipo] by mishmash1 Jun 15, 2008 (1:31 pm)
Replying to: hipo (Jun 15, 2008 10:42 am) I believe that car was not a quattro look at the msrp.
#521 of 644 Money factor and residuals for June 08 by hipo Jun 16, 2008 (5:17 pm)
Car_man & Kyfdx, I'm getting mixed messages regarding the June residuals for Audi A6. Do you know the numbers for 3yrs/30k miles, 3yrs/36k miles and 3yrs/45k miles?   I was able to confirm the $2500 incentive and 0.43% MF.   Thanks! Replies to this message: Car_man (Jun 20, 2008 1:36 am)

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