Residual lease values on 3 year lease pls... (more)
#1
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Can some of the new A4 owners please tell me the MSRP and residual values on their 3 year leases.
I was quoted a 50% residual value by Leasebanc and that seems awfully low for a brand new year model Audi. Think that's lower than the 01's.
Thanks.
I was quoted a 50% residual value by Leasebanc and that seems awfully low for a brand new year model Audi. Think that's lower than the 01's.
Thanks.
#4
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This was on a 3.0 QMS (hope I got the abbreviation right!) with an MSRP of around $37,900. Negotiated price was $2000 over invoice with no other cap cost reduction. 39 month lease at 15k miles per year, residual was 55% with a money factor of around .00355 (can't remember exactly, but was in that area). Their quote with these figures with tax added in was $688 per month, which I lauged at. They did say the residual was 57% for 36 months.
The finance manager got on the phone and we talked about the price. I told him I had already negotiated a price on an '02 BMW 330i with about the same MSRP, and with a 36 month/15k lease the payment with tax and no cap cost reduction was $561 a month. After hearing this, we talked some more and by the end of the conversation he was down to $586 a month on the A4. Wonder where that extra $100 a month went....
The finance manager got on the phone and we talked about the price. I told him I had already negotiated a price on an '02 BMW 330i with about the same MSRP, and with a 36 month/15k lease the payment with tax and no cap cost reduction was $561 a month. After hearing this, we talked some more and by the end of the conversation he was down to $586 a month on the A4. Wonder where that extra $100 a month went....
#6
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Interesting. Did the sales person give you any explaination of the change?
Sounds like a good quote on the 330i as well. I got a quote on a 325i for 36 mo/12k mi per year for $612 per month.
Sounds like a good quote on the 330i as well. I got a quote on a 325i for 36 mo/12k mi per year for $612 per month.
#7
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He was decreasing the monthly payment every few minutes we were talking. He didn't tell me exactly what he was changing to get those figures, but I think for one he went from $2k to around $900 over invoice. I'm sure he was also adjusting the money factor also, but I didn't ask what figures he used to come to $586 per month.
Just as a comparison to your quote on the 325i and the 1.8T quattro, I also got a quote for a 325i. MSRP is $31,870 with Sport package, moonroof, Xenons, HK, OBC, jet black with black leatherette. 36 month/15k year with taxes and no cap cost reduction was $490 a month-and that was with $2k over invoice. I feel pretty confident I could get the payment to $475 with a little more haggling on the price.
I hate to say it, but if you are going to lease it looks like the BMW is a better deal due to the Audi's slightly lower residual and higher money factor.
Just as a comparison to your quote on the 325i and the 1.8T quattro, I also got a quote for a 325i. MSRP is $31,870 with Sport package, moonroof, Xenons, HK, OBC, jet black with black leatherette. 36 month/15k year with taxes and no cap cost reduction was $490 a month-and that was with $2k over invoice. I feel pretty confident I could get the payment to $475 with a little more haggling on the price.
I hate to say it, but if you are going to lease it looks like the BMW is a better deal due to the Audi's slightly lower residual and higher money factor.
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#8
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I am looking for a 2002 a4 1.8T with auto and maybe sports package, but other wise bare bones, I'm hoping to find a lease rate of around $400-430, is this possible for say an MSRP of $26k or $27k? I need a cheap 2002 a4! help!
#10
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Money factor and residual are set by the financing institution, so that the dealer has no say other than working with more than one institution. For example, my friend leased a 1999 A4 at Bellavia Audi through Bank One financing.
The dealer can, however, play with selling price, as Eric suggested. He/she can also start making assumptions of a non-zero down payment. You can make the monthly payment almost anything you want if you start asking for money down. Of course, the dealer would probably not mention this to you until after you'd grown eager for the car based on the quoted monthly payment.
Interestingly, my 1999 was leased for 39 months, 15K year at 62% residual, 0.00299 money factor 3 years ago. When I buy my new vehicle in March, I'm in for a shock!
The dealer can, however, play with selling price, as Eric suggested. He/she can also start making assumptions of a non-zero down payment. You can make the monthly payment almost anything you want if you start asking for money down. Of course, the dealer would probably not mention this to you until after you'd grown eager for the car based on the quoted monthly payment.
Interestingly, my 1999 was leased for 39 months, 15K year at 62% residual, 0.00299 money factor 3 years ago. When I buy my new vehicle in March, I'm in for a shock!
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