DRG

I sat down to get some lease residuals and money factors from my local dealer this weekend and he informed me of a memo. Apparently, on 5/1, the charges for overmileage on leases are going up considerably. On 15K mile leases, they are currently 0.15/mi or 0.10 if prepaid. After 5/1, they will be 0.25/mi or 0.15 if prepaid. That's a huge leap. So, if there's anyone in this situation who may be in a position to accelerate their decision making, you may want to do so.

BTW, at least in the northeast (numbers may be regional?), the current 39 mo/15K lease residual percentage and money factor on the A4 1.8T Quattro are 56% and 0.00245. For the 3.0, the numbers are 52% and 0.00115.

goNYC

are you sure about the 52% residual on the 3.0 because I was given a 56% residual on a 39 month lease...

EdP

here is GA the best I can find for 2002 A4 3.0 quattro and a 48/12k lease is 50% residual and .00190. A 39 would be higher in the residual. Increase teh mileage allowance, and teh residual drops. Going to a 15k instead of a 12k lowers the residual to 48% during that same 48 month lease.

April

And residuals and MF change every month too.

DRG

The numbers here are for the 3.0, 15K, 39mo in NY. Saw the numbers in the book myself.