'07 A6 Lease price question
08-07-2007, 12:42 PM
#1
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'07 A6 Lease price question
My '06 S-Line A4 lease is coming to an end in November of this year. I am thinking, I should be able to get a pretty good lease deal on a 2007 A6. ANy idea what a great deal on that year A6 would be. Loaded 3.2, with Nav. and zero money down, just the fees?
Any feedback and personal expereinces would be greatly appreciated.
Gene
Any feedback and personal expereinces would be greatly appreciated.
Gene
08-07-2007, 01:56 PM
#2
Lease terms change around the 5th to 8th of each month. Some specials are regional.
So it would help to know your location, and if anybody chimes in with their numbers, where and how long ago.
Although Audi may have some clearances, those subvented terms are only good until the bulk of inventory is sold, and is then discontinued even if dealers still happen to have some units on the lot. Dealers can never hope to match or exceed the terms given by AoA, so you must balance the risk of the deals vanishing suddenly along with shrinking inventory, with the chance that the following month might have even better terms. Waiting until November will be FAAAARRRR too late to get a good deal. With '08s arriving soon, expect incentives to go away when the new cars arrive. At least that is how Audi has done it for the past 10 years with few exceptions.
For a 3.2 Q sedan it looks like national terms for last month (and maybe another a day or two from now) are 50% residual on 24mo and 42% on 36mo, with a base money factor of .00085 based on 15K miles per year. That's a smoking hot money factor. Do note however, that it is the dealer's right to pad that rate just a tiny bit - especially if they are discounting the car heavily.
So say the car you want is $50K. You negotiate the dealer down to $46K. You put $1500 down total on a 36 month lease. That's $600 a month before tax.
Although Audi may have some clearances, those subvented terms are only good until the bulk of inventory is sold, and is then discontinued even if dealers still happen to have some units on the lot. Dealers can never hope to match or exceed the terms given by AoA, so you must balance the risk of the deals vanishing suddenly along with shrinking inventory, with the chance that the following month might have even better terms. Waiting until November will be FAAAARRRR too late to get a good deal. With '08s arriving soon, expect incentives to go away when the new cars arrive. At least that is how Audi has done it for the past 10 years with few exceptions.
For a 3.2 Q sedan it looks like national terms for last month (and maybe another a day or two from now) are 50% residual on 24mo and 42% on 36mo, with a base money factor of .00085 based on 15K miles per year. That's a smoking hot money factor. Do note however, that it is the dealer's right to pad that rate just a tiny bit - especially if they are discounting the car heavily.
So say the car you want is $50K. You negotiate the dealer down to $46K. You put $1500 down total on a 36 month lease. That's $600 a month before tax.
08-07-2007, 04:56 PM
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that moneyF is smokin, but the deals aren't that hawt due to residuals
i've been poking around a bit looking at 4.2q's but afraid the leases are going to be a bit high (other car considered is a 535xi which comes near to 62K).
08-08-2007, 05:44 AM
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That money factor gives you more options if you can negotiate the best deal
I leased a loaded 3.2 without s-line in june with the same money factor and a 55% residual. AoA had some great deals in RI, I don't know if they still exist. Shoot me an e-mail. Your looking at about a $58000 car. The residual is probably realistic, if not a little low. I've been watching audi resale values creeping up for the last 2 years and you can't find many 2005 or 2006's with those options. And the 2005's that are available are selling for more than a 50% residual. For my 2 cents, your paying less than 1% interest for 3 years. I know you shouldn't lease with the intent to buy, but if your buyout is $29000 and the car is worth closer to $34000 you have some options at that time.
08-08-2007, 09:14 AM
#6
Alas residuals are set by the bank and not negotiable:( But as you point out a low residual may
pay off in the long run. My A3's residual is very low as well (new model). Makes an easy resell or buy-out when the time comes.
08-08-2007, 01:02 PM
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Wow, the residual is horrible!
I leased my '06 in April of '06, and got 67% residual for 24 months (10,000/yr) and a .0007 money factor. Haven't seen any deals like this from AFS for a long time...
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08-08-2007, 08:27 PM
#10
What to say? A6 sales doing well somewhere in the world - AoA isn't getting the same
subsidized deals as in the past. They are supposed to be a profit making venture sooner than later - not something they have been for a very long time!