Is there a place, other than here -- i.e., anecdotal -- to find (2 questions):
05-26-2008, 08:51 PM
#12
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Every car I have leased (never bought) has been ordered. If I have to wait longer, so be it. But...
I want my car, especially if it is a premium car, to be exactly as I want it. I won't even take a dealer-ordered car if it is not exact or changeable.
I actually expect cars on the lot to be cheaper or discounted as they are taking up dealer time and space and the faster they can get 'em off the lot the better. If the dealer can get me into a car on the lot instead of ordering, then that is one less vehicle to deal with...
...plus I love getting into MY car when it only has 13km on it:
<img src="http://pictureposter.audiworld.com/74071/13km2.jpg">
I actually expect cars on the lot to be cheaper or discounted as they are taking up dealer time and space and the faster they can get 'em off the lot the better. If the dealer can get me into a car on the lot instead of ordering, then that is one less vehicle to deal with...
...plus I love getting into MY car when it only has 13km on it:
<img src="http://pictureposter.audiworld.com/74071/13km2.jpg">
05-26-2008, 10:26 PM
#13
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Re: How about if you are leasing?
There are a number of advantages to leasing:
1. You can write off the lease as a business expense
2. In Canada, if you purchase a car, any car deemed a luxury car (over $30,000) can only be written off for $30,000 on your taxes. That is, if you buy a $50,000 car, the value of the new car on your taxes where you start to calculate and write off depreciation is $30,000. You lose $20,000 of depreciation write offs. You can setup your lease so that the residual purchase value is just over $30,000 so that you can write off the first $20,000 via a lease, and the remaining $30,000 as depreciation.
3. When you return your lease, as long as it's maintained, they have to take it back. If you've been in a huge car accident, or your car has been stolen and there have been major repairs through insurance, you might have a harder time selling the car (because of full disclosure etc). This has actually happened to me and is one of the main reasons for me to choose leasing.
4. Trying to sell a manual transmission car is getting harder every year but Audi will have to deal with that.
5. If your model year is known to have problems, you won't have to deal with selling it.
There are a lot of advantages to purchasing as well so everyone just has to figure out which works best for them. I find that the total financial obligation for leasing, and then paying the residual to purchase the car at the end of the contract is often not that different than financing the car outright. With leasing, you at least have that escape route if you don't want to have to deal with selling the car if you choose to not keep it.
1. You can write off the lease as a business expense
2. In Canada, if you purchase a car, any car deemed a luxury car (over $30,000) can only be written off for $30,000 on your taxes. That is, if you buy a $50,000 car, the value of the new car on your taxes where you start to calculate and write off depreciation is $30,000. You lose $20,000 of depreciation write offs. You can setup your lease so that the residual purchase value is just over $30,000 so that you can write off the first $20,000 via a lease, and the remaining $30,000 as depreciation.
3. When you return your lease, as long as it's maintained, they have to take it back. If you've been in a huge car accident, or your car has been stolen and there have been major repairs through insurance, you might have a harder time selling the car (because of full disclosure etc). This has actually happened to me and is one of the main reasons for me to choose leasing.
4. Trying to sell a manual transmission car is getting harder every year but Audi will have to deal with that.
5. If your model year is known to have problems, you won't have to deal with selling it.
There are a lot of advantages to purchasing as well so everyone just has to figure out which works best for them. I find that the total financial obligation for leasing, and then paying the residual to purchase the car at the end of the contract is often not that different than financing the car outright. With leasing, you at least have that escape route if you don't want to have to deal with selling the car if you choose to not keep it.
05-27-2008, 04:15 AM
#15
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Always order my cars.
I can't remember the last time I bought a new car off the lot. I always order so I can get the exterior color, interior color, and options I want.
I used to buy my cars outright but, for the past few years, I have been leasing and very happy with that arrangement. I drive less than 10,000 miles per year, so the lease payments are always less than financing. Also, since I'm only paying off the depreciation percentage, I can get a more well optioned car without actually paying the full amount. I normally trade every three years, so this has been ideal for me, especially since I no longer have to deal with the stress of selling or trading my old car.
I'll be ordering my 2009 A4 2.0T sedan this August for an anticipated October delivery. If the car isn't ready, Audi will extend my lease until the new car can be delivered.
I used to buy my cars outright but, for the past few years, I have been leasing and very happy with that arrangement. I drive less than 10,000 miles per year, so the lease payments are always less than financing. Also, since I'm only paying off the depreciation percentage, I can get a more well optioned car without actually paying the full amount. I normally trade every three years, so this has been ideal for me, especially since I no longer have to deal with the stress of selling or trading my old car.
I'll be ordering my 2009 A4 2.0T sedan this August for an anticipated October delivery. If the car isn't ready, Audi will extend my lease until the new car can be delivered.
05-27-2008, 08:38 AM
#19
AudiWorld Super User
You cannot get year-end clearance discounts if you order your car
To give you an example, last September several LA area dealers were offering up to $15K off MSRP on all 2007 S8 and S6 models in stock. Discounts on A8's have been as high as $12K toward the end of the model year for many years. This past weekend I saw ads for $5,000 off all 2008 A4's in stock. Sure, you have to pick from existing dealer inventory but there is no way you can get those savings if you order your car.
Personally, I ordered my most recent car but that was because I was doing a European delivery. If I decide to go the purchase route when the Bimmer lease is up, I will go with an in-stock car because of the timing of my lease which ends in late June.
Personally, I ordered my most recent car but that was because I was doing a European delivery. If I decide to go the purchase route when the Bimmer lease is up, I will go with an in-stock car because of the timing of my lease which ends in late June.