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Prices Paid: Buying & Leasing Experiences Audi A6 Lease Questions
644 messages, Last post on Oct 18, 2009 at 10:52 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: sryn (May 28, 2008 11:02 am) 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.
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Replying to: jpdc (May 28, 2008 11:20 am) |
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Replying to: colonote (May 22, 2008 12:49 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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.
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Replying to: mzig (May 27, 2008 6:38 pm) |
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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.
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Replying to: ytka98 (Apr 29, 2008 6:54 pm) Tnx
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Replying to: hipo (Jun 15, 2008 10:42 am) |
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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!
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In 2004, when I "bought" my A6, the dealership convinced me to buy with a balloon note rather than lease. The numbers worked out slightly better. I had to pay the whole sales tax up front, but I avoided the acquisition and turn in fees. At the time, Audi had a highly subsidized finance rate, and I was able to get it either way. I'm on the verge of replacing the car, and I'm wondering if that's still true. Does anyone know if Audi is offering comparable incentives on the premium purchase to those it's offering on the lease? I case anyone wonders why I prefer the premium purchase, there is one big advantage to the program (which apparently isn't available everywhere). If you want to buy the car at the end of the term, Audi will extend the subsidized financing to cover the balloon note. At current rates (less than 1%) that's a great option to have. Thanks. |
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