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Audi Subsidized Leases
- To: quattro-owner <quattro-owner@coimbra.ans.net> (Return requested)
- Subject: Audi Subsidized Leases
- From: "Gorman, Ken (PA62)" <Ken.Gorman@IAC.honeywell.com>
- Date: 26 Jun 1996 12:55:25 -0500
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My 1990 200T just passed 125,000 miles and I'm considering getting a new
one.
I know there are many out there that will respond, "It's just getting broken
in", however,
I'm probably going to get a new one before this one "just get's broken."
I am in the market for a new Audi A6 Quattro and want to get a fair deal. I
believe
the best negotiating stance is to have information with you when you
negotiate
a deal. I'm considering leasing the Audi.
Does Audi offer subsidized leases? What are the details? If not, does
anyone
know of plans that Audi has to offer subsidized leases in the future?
Subsidized lease offer the best value to the consumer because
usually the cap cost is below dealer invoice. Also, subsidized leases
usually
bump up the residual value:
49% for a 3 year, 15,000 mile/yr 1996 Audi A6 lease
51% for a 3 year, 12,000 mile/yr 1996 Audi A6 lease
53% for a 3 year, 10,000 mile/yr 1996 Audi A6 lease
Some comparable cars with subsidized leases have residuals around 70%.
Some car manufacturers have bumped residuals extremely high to make leasing
more enticing. Manufacturers often subsidize the financing charge.
These 3 factors - low capitalized cost - high residual value - low finance
charge,
all mean low monthly lease payments.
Also, does Audi offer a single-payment lease where the consumer can make one
up-front payment and then have the car for 3 years?
If anyone has specific details regarding this, the information would be
appreciated.
Information I'm interested in includes: How much below the dealer invoice
price is the
cap cost for a subsidized lease car? How much above the 49% residual value
is a subsidized lease's residual value? What is the money factor for an
Audi
subsidized lease?
I'll probably be trading in the 1990 200T, but if anyone wants information,
or wants to
buy it, drop me a note.
>From Edumund's Used Car Buying Guide:
4 Dr 200 Turbo Sdn
MSRP $33,405
Avg. Wholesale $ 9,850
Avg. Retail $12,150
Subtract 3250 for high mileage and the ranges are 6600 - 8900 (retail to
wholesale)
I'll take the first offer over $6000. Car is in Suburban Philadelphia.
Regards,
Ken Gorman
ken.gorman@iac.honeywell.com
1990 200T
1987 5000 CST
215-641-3390 ( days)
215-675-7032 ( evenings )