Almost leased a 2008 A4 2.0T Quattro 6MT..... more inside.
10-15-2007, 11:14 AM
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Almost leased a 2008 A4 2.0T Quattro 6MT..... more inside.
So after spending 4 hoours at the dealer they finally come down to the ONLY car they have in Quattro & 6-speed manual (out of 100's of cars... damn the Front-trak & automatics!!).
So, fully loaded, black on black with the titanium package.... which I don't like! They of course tried to close the deal for me the black dash trim, black grill surround & multi-spoke 18" rims were a deal breaker.
The lese they offered me, $1000 down with payments of $650 (including taxes) for a 36 months at 12k miles per month.
Not the greatest sounding deal! Thoughts?
I think I might look into the 3.2 engine in dolphin grey if I can find one!
Is this a better engine or should I go with the 2.0T and chip it??
So, fully loaded, black on black with the titanium package.... which I don't like! They of course tried to close the deal for me the black dash trim, black grill surround & multi-spoke 18" rims were a deal breaker.
The lese they offered me, $1000 down with payments of $650 (including taxes) for a 36 months at 12k miles per month.
Not the greatest sounding deal! Thoughts?
I think I might look into the 3.2 engine in dolphin grey if I can find one!
Is this a better engine or should I go with the 2.0T and chip it??
10-15-2007, 11:56 AM
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Re: Almost leased a 2008 A4 2.0T Quattro 6MT..... more inside.
go with 2.0T and a chip... yeah.. quattro + 6mt are rare. I waited mine for 2 months.
The lease rate is kinda high..... I am sure they can do it better
The lease rate is kinda high..... I am sure they can do it better
10-15-2007, 01:55 PM
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That deal sounds really... bad.
My current quote is on a ~$35,800 MSRP 2.0TQ:
36 months
15k per year
$1500 drive-off
$445 including tax
I love my 3.2... hate how much gas it uses (13mpg). The 3.2 is smoother and has a nice tone compared to the 2.0T.
I would never be comfortable chipping a leased car. If I were to buy one, I'd get a 2.0T and chip it, but would always miss the smoothness of the V6.
I don't know why anybody would spend $650/mo on an A4 lease. You can easily buy a CPO for $650/mo on a 48 month note, and have a warranty for the entire term of the loan.
36 months
15k per year
$1500 drive-off
$445 including tax
I love my 3.2... hate how much gas it uses (13mpg). The 3.2 is smoother and has a nice tone compared to the 2.0T.
I would never be comfortable chipping a leased car. If I were to buy one, I'd get a 2.0T and chip it, but would always miss the smoothness of the V6.
I don't know why anybody would spend $650/mo on an A4 lease. You can easily buy a CPO for $650/mo on a 48 month note, and have a warranty for the entire term of the loan.
10-15-2007, 03:22 PM
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well, being that my car sounds very similar to that one, i'd say that's terrible
i've got a blk/blk 2008 Titanium similar to the one you spec'd out...not sure what equipment was in that one but mine has everything except for Nav and Bose...i put nothing down, have 15k per year for 42 mos and i'm paying less than $600.
10-15-2007, 03:24 PM
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well, keep in mind one thing...an s-line is going to cost more
not just in the pkg but in the 2% residual hit you'd take on a lease....so the likelyhood is he couldn't get an S-line car for anything less than $500/mo. on a lease....that said, the deal he was quoted is just bad
10-15-2007, 04:43 PM
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I'm sorry to say but I think Audi is on some sort of illegal drug...
My dad's lease is up on his A6 in November and he was looking at the S4, and the dealer told him it would be around $900/$950 a month with $1500 down (I think) and the car optioned out to like $54,000. I thought something was off, as my moms 2006 BMW 530i (spec'd at $55k ish) is like $540/$550 a month with $1500 down. This just confirms it. So you're paying like a BMW 750il lease price for a 3 series sized car PLUS no free maintenence? I love Audi, but idk how many lines the corporate office is snorting because something seems horribly wrong somewhere.
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10-15-2007, 06:50 PM
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Your biggest problem is that you are trying to lease a car...
I don't mean to be a jerk, but leasing is almost never a good idea based on pure dollars.
You would be much better off to pay the full price of the car at 38k-42k, and sell it two-three years later. My sticker was $42,000 in '06 and two years later (18,900 Miles) it's worth around 34k a difference of $8,000. My wife's car was $39,000 in '05, and now (3.5 years and 30,000 miles) is worth around 27k, a difference of $12,000. This means that (on average) you pay between $8,000-12,000 to drive the car for 2-3 years. Since you own the car if you like it- you can just keep it. When you ready to trade it, you still get something, pro-rated to the length of time and the condition.
On a lease, even if you get a good rate like joec500, you pay $21,600 ($600 x 36 Months) over three years and get nothing out of it. Then if you like the car and decide to buy it out, then you pay the residual not the difference between sticker and what you've paid- meaning that you could pay 10-15 more than the original sticker price for the car. And you would likely need another loan for 3-5 years to pay for the car. Meaning that from start to finish it takes 8 years to buy the car. That's just plain stupid.
The only ways that leasing makes sense (and even then it's debatable):
1. You have a business for which you can write off the lease.
2. You accept that you will have a car payment for the rest of your life, and just want to ensure you get a new car every two years.
3. You cannot afford the car unless you lease it. (Which ultimately means your buying a car that you cannot afford)
4. You don't care about the money
5. You think paying 5-10k dollars to get kicked in the nuts is a good idea.
Below is a comparison of an 2006 S4, that I almost bought. The below numbers are REAL, as quoted by the dealer in 06. Needless to say, I did not buy an S4 they are bit more than I wanted to spend.
<b>'06 S4: Sticker: $53,900 (Lease)</b>
Trade my `98 A4 for $7,000
Pay $7,000 for Down payment
$675 x 24 Months = 16,200 (12 miles per year)
<i>Total for two years: $30,002</i>
<b>Residual: $38,000 (Purchase from Lease)</b>
If I wanted to buy it, then I'd need a loan for the residual.
1.06 (6% interest) x 38,000k (Residual) = 40,280
<i>A grand total of 70,282 to buy an S4, after a two year lease, and a five year loan.</i>
<b>'06 S4: Sticker: $53,900 (Purchase)</b>
Trade my `98 A4 for $7,000
Pay $7,000 for Down payment
$39,900 after down payment.
1.06 (6% interest) x 39,900k = $42,294 (Loan Amount)
$42,294 / 60 months (5 years)= $704.90 per month
<i>Total to purchase: $56,294 @ 5 Years.</i>
Value at two year mark: $40,000, a difference of about 16,000
<b>Conclusions: </b>
If you leased the car for two years you'd pay $30,002 vs. $16,000 if you had purchased it and sold it.
If you decided you liked the car and wanted to buy it following the lease, you'd pay a total of about $70,000 and it would take 7 years to buy. If you had just purchased the car out-right, you'd pay a total of about 54,000 and it would take 5 years.
You would be much better off to pay the full price of the car at 38k-42k, and sell it two-three years later. My sticker was $42,000 in '06 and two years later (18,900 Miles) it's worth around 34k a difference of $8,000. My wife's car was $39,000 in '05, and now (3.5 years and 30,000 miles) is worth around 27k, a difference of $12,000. This means that (on average) you pay between $8,000-12,000 to drive the car for 2-3 years. Since you own the car if you like it- you can just keep it. When you ready to trade it, you still get something, pro-rated to the length of time and the condition.
On a lease, even if you get a good rate like joec500, you pay $21,600 ($600 x 36 Months) over three years and get nothing out of it. Then if you like the car and decide to buy it out, then you pay the residual not the difference between sticker and what you've paid- meaning that you could pay 10-15 more than the original sticker price for the car. And you would likely need another loan for 3-5 years to pay for the car. Meaning that from start to finish it takes 8 years to buy the car. That's just plain stupid.
The only ways that leasing makes sense (and even then it's debatable):
1. You have a business for which you can write off the lease.
2. You accept that you will have a car payment for the rest of your life, and just want to ensure you get a new car every two years.
3. You cannot afford the car unless you lease it. (Which ultimately means your buying a car that you cannot afford)
4. You don't care about the money
5. You think paying 5-10k dollars to get kicked in the nuts is a good idea.
Below is a comparison of an 2006 S4, that I almost bought. The below numbers are REAL, as quoted by the dealer in 06. Needless to say, I did not buy an S4 they are bit more than I wanted to spend.
<b>'06 S4: Sticker: $53,900 (Lease)</b>
Trade my `98 A4 for $7,000
Pay $7,000 for Down payment
$675 x 24 Months = 16,200 (12 miles per year)
<i>Total for two years: $30,002</i>
<b>Residual: $38,000 (Purchase from Lease)</b>
If I wanted to buy it, then I'd need a loan for the residual.
1.06 (6% interest) x 38,000k (Residual) = 40,280
<i>A grand total of 70,282 to buy an S4, after a two year lease, and a five year loan.</i>
<b>'06 S4: Sticker: $53,900 (Purchase)</b>
Trade my `98 A4 for $7,000
Pay $7,000 for Down payment
$39,900 after down payment.
1.06 (6% interest) x 39,900k = $42,294 (Loan Amount)
$42,294 / 60 months (5 years)= $704.90 per month
<i>Total to purchase: $56,294 @ 5 Years.</i>
Value at two year mark: $40,000, a difference of about 16,000
<b>Conclusions: </b>
If you leased the car for two years you'd pay $30,002 vs. $16,000 if you had purchased it and sold it.
If you decided you liked the car and wanted to buy it following the lease, you'd pay a total of about $70,000 and it would take 7 years to buy. If you had just purchased the car out-right, you'd pay a total of about 54,000 and it would take 5 years.
