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Audi TT, Car Leasing, Convertible
#19 of 147 good 3.2 TT offer?
Aug 10, 2007 (3:22 am)
audi 3.2 TT Quattro
18" 10 spoke rims
Offered Sale Price: 43000
No money down.
2205 for fees
730.88/mo x 36 months
this comes to total of 26,311
depreciation = 21,396
difference= 26,311-21,396 = 4915
subtract tax from the difference: 4915-1315= 3599
So the dealer makes 3599 off this lease. they tell me invoice is 41K so if i bought the car, they would profit 2000. by leasing they make 1599 more over the 3 years.
is this a good deal?
#20 of 147 Re: good 3.2 TT offer? [kenmore]
by kyfdx@Edmunds HOST
Aug 11, 2007 (10:39 am)
The extra $3599 in your calculation is finance charges.. The equivalent of interest on a car loan. That is revenue to the finance company to compensate them for providing the money to buy the car from the dealership.
The dealership might get a small commission for selling the lease for the leasing company, but that is no different than if they provided bank financing.
That $3599 isn't profit for the dealership.
#21 of 147 Leased a TT 2.0 last night - How did I do?
Sep 01, 2007 (2:16 pm)
Last night - drove off a red TT 2.0 Coupe (wife's choice) - in San Jose, CA - with the price below:
MSRP - $43675 (incl. destination of $775)
Invoice - $40673
Price negotiated - $40173 ($500 under invoice)
AUDI MAGNETIC RIDE SUSPENSION
AUDI PARKING SYSTEM - REAR PARKTRONIC
BLUETOOTH PHONE PREP
AUDI DVD NAVIGATION PLUS W/ IPOD INTERFACE
Chose the audi 36 month lease offer with the cap cost starting at the above negotiated price:
Total cash Paid - $4725
(Cap down $2425 + Acq. fee + 1st month + lic. reg. etc.)
Monthly lease of $500 (includes CA sales taxes of $38 )
Includes - Audi care maintenance for full term of lease
(The money factor is 0.00145 & residual value - $24895 57% of MSRP - for those who care about this)
Bottomline for 3 years - total of all payments (including taxes, down payments & all) = $22566 That is a monthly rate of $626 (with only fuel to add )
I felt I did okay on this - any opinions? Looking at the number of viewers on this forum, I don't expect many responses, but hope this helps someone who is looking into one.
#22 of 147 Re: Leased a TT 2.0 last night - How did I do? [nikmin]
Sep 24, 2007 (6:30 pm)
It sounds like a great deal What is the annual mileage allowance for your lease?
#23 of 147 October/November rates
Oct 29, 2007 (6:46 am)
I'm surprised there hasn't been more interest in the TT lease program- last post over a month ago?
Carman or anyone else, can you please provide the residual and money factor for either the current October or November (if applicable at the time of response) program for a 24 and 36 month lease, each with 15k miles per year?
Thanks a lot!
#24 of 147 New TT3.2 Roadster Lease
Nov 17, 2007 (6:27 am)
I just put a deposit down on a new Audit TT 3.2 Roadster fully loaded, nav system, enhanced interior with fine nappa leather, iPod interface, xenon lights, sports suspension,blue tooth, 18" wheels and more.
The car will be available in a few days so I haven't signed any of the paperwork. I have been told that the monthly lease payment of 36 months with $2100 inception costs (includes first payment), 10000 miles will be $840. The price of the vehicle has been coded at $57,500, which again is fully, fully loaded. This is the only vehicle currently available in the color that I like and the options that I wanted. Granted, there are a couple of options in it that I could probably do away with.
Does this sound right? Audi TTs should have a high residual value (57-58%) and the money factor should be at or below .0020 given the low interest rates in the market and my excellent credit score. Seems to me that they could probably bring it down another $40-$50 per month, at the very least.
#25 of 147 Lease Question-2008 TT Coupe
Nov 24, 2007 (7:01 am)
Am looking at a lease on the 2008 TT 3.2 quattro coupe (6sp), 15K, 36 month with 18" wheels, Ipod interface and premium sound. Lease with only inception fees (including 1st month payment) due at signing - $1,651. Monthly payments are $625 including tax. Money factor is .00024. I believe it's about $1,700 below MSRP and Audi care inlcuded.
Should I pull the trigger on this deal?
#26 of 147 Audi TT redidual values for coupe vs. roadster???
Dec 05, 2007 (5:10 pm)
Does anyone know the difference between the residual values for a TT coupe versus the roadster? I currently have the 1st generation roadster and would like to lease a 2008, but keeping my increase in my monthly payment is currently first and foremost (if the amount is significant). I purchased my first one, so leasing is new to me! Thanks for your input!
#27 of 147 Re: Audi TT redidual values for coupe vs. roadster??? [drpirritano]
Dec 06, 2007 (12:40 pm)
The residual value for the Roadster on a 3-year lease (and I just got one a week ago) is 53%, which sucks compared to the competition. I am used to having residual values of 58%+. I was shown the sheets by the dealer and noticed that Audi Financial has the highest at 53%. Banks, such as US Bank, has the residual value for the same vehicle between 51%-52%. The money factor is very low, though. I believe mine was about .0005 or 1.2% APR.
#28 of 147 Re: Lease Question-2008 TT Coupe [ttman2b]
Dec 06, 2007 (12:45 pm)
Does it have premium package, navigation system, bluetooth, magnetic suspension, enhanced fine nappa leather interior etc?
It sounds like a decent offer. I just got a fully loaded (nothing else to add) Roadster 3.2 for $2100 due at signing. My payments is just under $900, including maintenance and a couple of other programs. The money factor you quoted seems high. My money factor was 0.0005 or 1.2% APR. The residual value, though, was horrible at 53%.