My car and lease numbers - whaddya think?
#1
My car and lease numbers - whaddya think?
2008 Audi TT Roadster 2.0TFSI
Premium Package
Brilliant Black
Luxor Beige Enhanced Leather Package
18" 7-arm wheels with high perf. tires
Audi Navigation plus w/ iPod
Sirius sat radio
Back-up sensors
Bi-xenon adaptibe headlamps
BOSE
MSRP of $47,500 incl. destination, plus $550 with Audi Care, so $48,050 total price
Purchase price of $46,200 with Audi Care
$800 cap cost reduction
36 months lease
15K miles per year
57% residual
money factor = .00240
$720/mo
I actually feel pretty good about the deal. Yes, I think it is a lot for a TT - but the car has everything I could ever want for a price that is not astronomical. I certainly could have been in the $550/mo range if I had done less miles and less options. Considering I am getting the car fully loaded, ordered exactly how I want it, with plenty of miles to spare for long road trips through AZ and CA and all the toys one could want in a car - the price may have been $50 bucks more than I wanted to pay a month, but not bad. I am not thrilled because the money factor was not great, but it was not nearly as bad as Porsche or MB. For reference purposes, a Boxster with all of the same equipment would have been b/w 950-1000/mo on a three year lease and a loaded 335i coupe (not vert) would have been about $750/mo with same toys - higher sticker, but better money factor and WAY better performance. All in all, I am damn happy.....now about that waiting thing (mine will not be here until June after being ordered in February!)
Premium Package
Brilliant Black
Luxor Beige Enhanced Leather Package
18" 7-arm wheels with high perf. tires
Audi Navigation plus w/ iPod
Sirius sat radio
Back-up sensors
Bi-xenon adaptibe headlamps
BOSE
MSRP of $47,500 incl. destination, plus $550 with Audi Care, so $48,050 total price
Purchase price of $46,200 with Audi Care
$800 cap cost reduction
36 months lease
15K miles per year
57% residual
money factor = .00240
$720/mo
I actually feel pretty good about the deal. Yes, I think it is a lot for a TT - but the car has everything I could ever want for a price that is not astronomical. I certainly could have been in the $550/mo range if I had done less miles and less options. Considering I am getting the car fully loaded, ordered exactly how I want it, with plenty of miles to spare for long road trips through AZ and CA and all the toys one could want in a car - the price may have been $50 bucks more than I wanted to pay a month, but not bad. I am not thrilled because the money factor was not great, but it was not nearly as bad as Porsche or MB. For reference purposes, a Boxster with all of the same equipment would have been b/w 950-1000/mo on a three year lease and a loaded 335i coupe (not vert) would have been about $750/mo with same toys - higher sticker, but better money factor and WAY better performance. All in all, I am damn happy.....now about that waiting thing (mine will not be here until June after being ordered in February!)
#4
Re: That money factor is higher than the AFS base rate. The dealer is padding it.
I know dealer is padding it. Not much room here to deal on a TT Roadster. Demand is high, production is low. 2-4 per month for the first year. Actually most customers are paying .00265, I was able to shave their mark up due to this being my third Audi. Here on the West Coast, BMW, MB and AOA all mark up their buy money rates. If they want the extra $20 bucks a month, so be it. I am not going to split hairs as I already got 4% off MSRP. And yes, cap cost reduction is never a good idea, but $800 down was just for my own mental purposes sanity of having the exact payment I wanted when I started. The small things in life don't bother me. Funny though, when I was considering a Cayman, those many on the Cayman boards were paying decaps between $5-8K - that is insane, apparently you don't need brains to lease a Porsche, just dough.
#5
Re: That money factor is higher than the AFS base rate. The dealer is padding it.
I would still call around. One time a dealer tried to mark up the money factor (and other things) on a car that was still in transit from Europe. I walked out and emailed dealers with what I wanted and let them know I knew the base rate etc. Several wrote back and said they would do it. I ended up with the exact same car (same VIN in fact) but saved almost $3K over the lifetime of the lease.
#6
You're paying 5.76% vs the base of 4.56%. A 1/4 to 1/2 point markup is normal, but 1.2% is a ripoff
You could have gotten a better rate via a third-party leasing company.
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