I know this is like beating a died horse but I'm still not past the issue
#1
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I know this is like beating a died horse but I'm still not past the issue
of Audi leasing programs failing to put me in either a 2009 TTS-R and the 2009 2.0 TT-QR. And when I say failed I mean a lease under $875.00 a month with 7 k down.. I asked both dealers & sales rep why Audi of Americas leases suck so bad and the reply (and this was from multiple dealers) said it's because the TT has such a low residual...
Here's my problem with the argument; based on this list one would think that it could be a piece of cake to lease a Audi TT with a 41% residual & its currently higher then Audi's average that places it as a top ten manufacturer in the world with a 36.5% residual rating average! Since all the residuals are down straight a crossed the board for the year this is actually a pretty good number.
My credit is pretty good and how do I know that? Well I was approved for financing from AoA.. So what is it I'm overlooking?
From the Kelley Blue Book 2009 Release:
In 2009, the brands at the top of the list were able to maintain their residuals best through the economic struggles of 2008. Criteria for the Best Resale Value Awards required the brand to have a minimum of four nameplates in its portfolio, a factor that eliminated the highest-ranking brand performers MINI and Scion, which both carry five-year residual percentages of more than 50 percent across their small vehicle line-ups.
Top 10 Brands:
Best Resale Value 2009
1. Honda 44.5
2. Toyota 42.7
3. Volkswagen 40.9
4. Subaru 39.4
5. Lexus 38.7
6. BMW 38.0
7. Infiniti 37.3
8. Acura 36.8
9. Audi 36.5
10. Nissan 36.5
Average Residual Value across the vehicle brand based on the
November/December 2007 and November/December 2008 Kelley Blue Book
Official Residual Value Guides.
Throughout the last half-decade, Volkswagen had made its way up in the rankings with the majority of its vehicles holding an average of 48 percent or more of their original MSRP. However, the economy has driven the entire market downward. In 2008, Volkswagen earned its top position through the combination of value pricing, European styling and fuel efficiency; however older models including the Toureg and Jetta have weighed heavily on the brand. While still being one of the top brands with great resale value, it has fallen to the No. 3 spot on the overall best brands list.
All of the brands on the top 10 list from last year maintained their membership in this elite group, with the one exception of Porsche. New on the list for 2009 is Nissan. While the other nine brands carried over from last year, their positions on the list changed, except for Audi, which remained in ninth place. In a year that has been challenging for products in the luxury categories, it is a testament to the strength of the brands that Lexus, Infiniti, Audi, BMW and Acura returned to the top ten brands list.
Here's my problem with the argument; based on this list one would think that it could be a piece of cake to lease a Audi TT with a 41% residual & its currently higher then Audi's average that places it as a top ten manufacturer in the world with a 36.5% residual rating average! Since all the residuals are down straight a crossed the board for the year this is actually a pretty good number.
My credit is pretty good and how do I know that? Well I was approved for financing from AoA.. So what is it I'm overlooking?
From the Kelley Blue Book 2009 Release:
In 2009, the brands at the top of the list were able to maintain their residuals best through the economic struggles of 2008. Criteria for the Best Resale Value Awards required the brand to have a minimum of four nameplates in its portfolio, a factor that eliminated the highest-ranking brand performers MINI and Scion, which both carry five-year residual percentages of more than 50 percent across their small vehicle line-ups.
Top 10 Brands:
Best Resale Value 2009
1. Honda 44.5
2. Toyota 42.7
3. Volkswagen 40.9
4. Subaru 39.4
5. Lexus 38.7
6. BMW 38.0
7. Infiniti 37.3
8. Acura 36.8
9. Audi 36.5
10. Nissan 36.5
Average Residual Value across the vehicle brand based on the
November/December 2007 and November/December 2008 Kelley Blue Book
Official Residual Value Guides.
Throughout the last half-decade, Volkswagen had made its way up in the rankings with the majority of its vehicles holding an average of 48 percent or more of their original MSRP. However, the economy has driven the entire market downward. In 2008, Volkswagen earned its top position through the combination of value pricing, European styling and fuel efficiency; however older models including the Toureg and Jetta have weighed heavily on the brand. While still being one of the top brands with great resale value, it has fallen to the No. 3 spot on the overall best brands list.
All of the brands on the top 10 list from last year maintained their membership in this elite group, with the one exception of Porsche. New on the list for 2009 is Nissan. While the other nine brands carried over from last year, their positions on the list changed, except for Audi, which remained in ninth place. In a year that has been challenging for products in the luxury categories, it is a testament to the strength of the brands that Lexus, Infiniti, Audi, BMW and Acura returned to the top ten brands list.
#2
You put 7k down on a TT.and you still cant get a payment under 875 a month? WTF.
Ok...my car, a 3.2 TT Coupe that was bought in September of 07 had a sticker of 50,XXX...the sell price was 46,XXX. I rolled about 3k or so of equity from my previous Audi into this one....
So I was paying for a TT with a sell price in the low 40s....I got my car, on a premier purchase, for 36 months, 15K per year for 629 a month, financed through AoA at 3.1%
What am I missing...did the residuals drop THAT much?
So I was paying for a TT with a sell price in the low 40s....I got my car, on a premier purchase, for 36 months, 15K per year for 629 a month, financed through AoA at 3.1%
What am I missing...did the residuals drop THAT much?
#3
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I could only wish for those #'s.. The apr today is 6.9% but when you compare that
to other high performance toys for 09 that's average to better then average. But absolutely no way on any of the TTS roadsters I tried to get into.. All were 53xxx to 57xxx . I don't know what happened to the premier purchase plan but we ran the numbers in three different dealers and they all came out the same,, sh*t!
#5
AudiWorld Senior Member
The money factor has increased over 100% in less than a year...
You can thank the current worldwide economic downturn for that. Interest rates have gone up across the board, affecting even those with good credit. Plus Audis are no longer the "value" they used to be.
#6
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Just bought a BMW 328xi for my wife ...
and BMW Financial is offering 0.9% on any term I choose: 24/36/48 or 60 months. I didn't even inquire as to the lease given the high money factors and lower residuals for these cars. I'll just buy it. Leased my last BMW 3 series, an '07 with an MSRP of $44,500. Put $1500 down, lease came to $509/month for 27 months, residual >70%. Buyout $32,500, which is high, so passed on it. That was 2 years ago - times are very different!
#7
AudiWorld Super User
way too much for a TT.
get an 08 for $8k off sticker....you can find em just slumming around dealer lots still....they've moved some of em into pre-owned lots, at least here in ny.
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#8
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Thanx you guys. You help put it in perspective for me. Bad times + weaker dollar.
Means more dollars down to get what you want.
(*added*) and "STAY AWAY FROM LEASE'S!" At least for the time being...
(*added*) and "STAY AWAY FROM LEASE'S!" At least for the time being...
#9
IMHO...comes down to greed...
When the treasury has reduced prime to half a percent, why can you not get a apr of 5%.
Everyone is wondering why cars arent selling.
Was looking at a used car for lmy daughter: rate showing was 6.9. I financed a used car for my other daughter a year and half ago for 5.9, yet prime has decreased significantly.
Everyone is wondering why cars arent selling.
Was looking at a used car for lmy daughter: rate showing was 6.9. I financed a used car for my other daughter a year and half ago for 5.9, yet prime has decreased significantly.
#10
don't lease. if you have decent credit, you're better off financing.
audi only has good lease deals for their volume models- the A3, A4 and A6 (and probably soon Q5). it is the same way with the A5- the leases rates are far higher than a similarly optioned, similarly priced A4.