TT (Mk1) Discussion Discussion forum for the Mk1 Audi TT Coupe & Roadster produced from 2000-2006

Lease Rate Help - Delivery Anyday !

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Old 09-18-1999, 12:05 PM
  #1  
GB
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Default Lease Rate Help - Delivery Anyday !

Well finally after ordering my TTQ in May, according to the dealer, I will be receiving my pride and joy sometime during the week of the 20th of September. Dealer has quoted me a least rate for 36 months of $529.00 with a down of $2000 (security,1st payment etc.) The money factory .0364 (apparently equivalent to 8.75% apr) residual for the Q after 3 years is 68% of MSRP or $24,259. I traded in my 98 Corvette and have no tax liabilty for the lease.
The lease seems high to me. Anybody get a better rate on a Q (money factor etc.) ? Particularly if you live in Illinois?
Thanks,
GB
Old 09-18-1999, 12:21 PM
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GB
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Default Re: Lease Rate Help - Delivery Anyday !

One thing I left off, the MSRP for the Q with every option except for the phone is about $35,550. I paid nothing over list.
Old 09-18-1999, 02:27 PM
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bsm
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Default That money factor is high. I was quoted .00320 from Audi (more)

I did my own calculation using Edmunds' lease calculator and got same result as the Audi financial calculator on audiusa.com. Both were with the .00320 money factor. I was told that money factor was good thru 10/5/99. I would question your dealer. Is it using Audi finance? You might want to call Audi directly.
Old 09-18-1999, 07:09 PM
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GB
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Default Re: That money factor is high. I was quoted .00320 from Audi (more)


Thanks for your response. According to the dealership he was using Audi for the lease. I'll take your suggestion and call Audi USA and find out what's up. You would think the dealership should be content with selling the TT at MSRP and making very good margin. If this dealership is trying to screw me out of more money ....there be hell to pay !!!!
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