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Audi A5, Car Leasing, Car Buying, Coupe
Jul 07, 2011 (8:15 am)
Thanks for your message. The 10k up front does not effect anything...except it does lower my monthly overhead significantly. That is just my preference. 400 bucks a month instead of 700.
Re: the lease, sure...anticipating market value is always a gamble, buying or leasing...but the odds "probably being very, very small" are just not true. I've been searching for 09 Audi A5's for 2 months. I know the market...I know what's sold on ebay, not just been auctioned, from private sellers...I know I was hawking a 2009 Prestige with 20k miles and it sold for 38k. Not from a dealer.
Thus, the odds that I can get AT LEAST 10k more than the 25k I pay for my car at the end of 3 years is very high...as my odds are supported by current 3 year old Audi A5s. I've weighed the pros and cons and crunched all the numbers. Resale value of an Audi is not just going to plummet by 35% randomly (from 38k to 25k).
The flat fact is that Audi A5s have a very low residual mark---53%, etc---and make it way too attractive to not buy at the end of the lease. BMWs on the other hand, with their 65 to 70% residual mark, have a purchase price at or above market value. Thus it is a bad investment.
So what do ya say car man, do you think you can give me those numbers for a 2011 and a 2012 lease at:
1) 10k miles per year with an Audi Premium Plus (Navi, B&O and Sport Package--MSRP 47,625)
2) Money rate?
Jul 07, 2011 (3:17 pm)
You're very welcome bhayward. Audi Financial Services' 10,000 mile per year residual values are 3% higher than its 15,000 miles per year residuals. The money factors are the same.
Prices Paid: Buying & Leasing Experiences Forum
#485 of 765 Re: Question A5 2012 Prestige [red71]
Jul 07, 2011 (3:24 pm)
Hi red71. The money factor that you were quoted is a little on the high side. Audi Financial Services' July 2011 buy rate lease money factor for a 36 month lease of a 2012 A5 Coupe Prestige is .00161. I'm not sure what the market is like for this car in your area right now, but the $1,450 discount that you are being given doesn't look terrible. That's probably around half way between MSRP and invoice. There's still some room there so it wouldn't hurt to shop around if you have the time, but again I don't think that this is unreasonable...as long as you get the dealer to use the right money factor.
Prices Paid: Buying & Leasing Experiences Forum
Jul 07, 2011 (5:50 pm)
Car Man, you are so helpful with this process. I can't thank you enough. I promise this is my last question.
I've been really crunching the numbers with leasing and I can figure out why my numbers don't match an Audi Dealer's when we agree on the same factors for a 2012 A5. For example, I get them to agree on:
Money Factor: .00161
Drive off: $10,000
Sale Price: $46,400 (MSRP $47,625)
Residual: $28,100 (59%)
Term: 36 months
Add' Fees: $1000 (Acquisition, etc)
Lease calculators show the payment as being $399 with tax....yet these dealers quote me, AT BEST, $475 including tax. I just don't get where I am losing the money. I don't like not understanding something before I purchase...and I thought the lease principles applied are black and white.
Am I getting snaked? Let me know. You're the lease expert!
Jul 07, 2011 (5:51 pm)
...I use the Edmunds lease calculator.
#488 of 765 Re: Question A5 2012 Prestige [Car_man]
Jul 07, 2011 (5:57 pm)
#490 of 765 Am I getting a good deal?
Jul 10, 2011 (9:13 am)
I'm in the market for to lease an A5.
I went into a dealership yesterday and this is what was offered.
The car was approximately $40,200 MSRP and included Blue Tooth/Home Link, Ipod, heated seats and Audi Care.
The deal was for 39 months, 10,000 miles per year, $510 per month, and $3000 down.
This price includes my Audi Loyalty discount.
I am currently turing in an already paid off 2008 Audi A4 in excellent condition and the lease is officially up August 11th.
I had 36,000 miles but I only used 29,300 miles.
The first salesmen mentioned that I could use some of the equity in the car to lower the price. The same salesmen came back and told me there were a couple of dings and the car and that if I turned the car it would be awash. Later when I was talking to the salesmen's manager and about to leave the manager mentioned that there was equity in the car and I could use it should I choose to lease the car from them instead of leaving the dealership (My buddy and I sensed that the initial salesmen was full of bull regarding the car being awash)
With the equity bargaining piece in play can I get a better deal?
Am I getting a good deal at present?
I feel like I should be able to do better.
To put it in perspective I was able to get my last A4 with nothing down except registration and first months and I got Ipod, heated seats, audi care, and wood trim for $405 a month.
What do you folks think?
Thanks in advance!
#491 of 765 Re: Am I getting a good deal? [newbie44]
Jul 12, 2011 (10:05 am)
Never put down $3000 down on a lease, that is crack prices. Don't walk RUN away. I am leasing a $51,000 BMW 335 D, and I am putting down $893 as drive off which incl 1st months payment. My monthly pay,emnt is $528.50 tax incl, however since the car is being ordere I have to wait
#492 of 765 Re: Additional [bhayward]
Jul 16, 2011 (6:36 am)
Can I ask why you wouldn't simply outright buy the car? Money does not appear to be the issue as you are able to put 10K down. Aren't you going to be so much better off in three years under a buy scenario if you decide to sell the car? Your payments would be reasonable still if you used 60 months or 72 months at 3.9.
I'm not trying to be a smart ass but even after having read your thought I don't see the point of putting 10K down on a lease and then buying the car. That has to cost you something more than if you simply buy the car from the get go no?