pro's and con's of leasing
09-15-2000, 05:12 AM
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pro's and con's of leasing
im thinking about leasing a '00 1.8tq since the '01 models are out i figure i should be able to get a descent deal... anyone have a ballpark figure of what im looking price wise? a4 sport package/premium package/xenon hl's/6disc changer/quattro. if i lease... 2 years down the road after the lease is up... i sell the car.. pay it off and get the newer model... atleast thats the way i want it to happen in my fairy tale world. -ryan<p>some dood.
09-15-2000, 05:32 AM
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Have/had a 00 leased
00 1.8t QMSC, but no xenon or changer. Price was 28515, but dealed them to 26892. 5% over invoice. 1500 out of pocket for the Audi, 39 month lease 382/month. The main thing is the rate or money factor, and the residual which will be lower on a 00 then a 01. You might be better to lease a 01 and buy the 00
Oh a say had because I got hit last night, waiting to hear what they will do w/ her.
Oh a say had because I got hit last night, waiting to hear what they will do w/ her.
09-15-2000, 06:07 AM
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Possibly, but not definitely.
What you are paying for in the lease is the difference between the purchase value and the residual value (an estimate of the car's worth after your lease is up).
In your case, the '00 should cost less, but its residual will be smaller too. Hence the monthly cost between the '00 and the '01 is harder to predict than you'd think.
Get thee to Edmunds.com! :-)
Dan<p>
<IMG SRC="http://pictureposter.audiworld.com/AudiWorldPics/2000/dpf_a4_sig.jpg">
In your case, the '00 should cost less, but its residual will be smaller too. Hence the monthly cost between the '00 and the '01 is harder to predict than you'd think.
Get thee to Edmunds.com! :-)
Dan<p>
<IMG SRC="http://pictureposter.audiworld.com/AudiWorldPics/2000/dpf_a4_sig.jpg">
09-15-2000, 06:47 AM
#7
Not necessarily, the '01 is worth more at the end of the lease...
you are paying for the difference between residual, and initial cost. The '01 initial will be higher, but so will the residual. if the difference is large enough, you will pay less for the '01. The '00 is technically a year old already. So the residual has already depreciated by a year.
However, all this is negotiable. The dealer may want to get rid of the '00 in a hurry, so you may be able to get it for less.
I used to sell Honda's...leasing is a pain, but can be worth it in some cases. For example, Audi residuals seem to be lower than the car is actually worth at the end of the lease. Say it's $16,000 but the car is worth, and you sell it for $20,000. You just put $4000 in your pocket. If it's a 36 month lease, it works out to a free $111 per month. A pretty good investment.
However, all this is negotiable. The dealer may want to get rid of the '00 in a hurry, so you may be able to get it for less.
I used to sell Honda's...leasing is a pain, but can be worth it in some cases. For example, Audi residuals seem to be lower than the car is actually worth at the end of the lease. Say it's $16,000 but the car is worth, and you sell it for $20,000. You just put $4000 in your pocket. If it's a 36 month lease, it works out to a free $111 per month. A pretty good investment.
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09-15-2000, 07:10 AM
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Precisely! I was telling him that same thing yesterday.
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