Anybody have an Audi A5?

Okay, so I went back to the same Audi dealership, they wouldn't budge on $3k down and $689 a month, so I told them to go fuck themselves and walked across the street to Infiniti and grabbed a G37x Sedan. $3k down, $410 a month for 39 months and 12k miles per year. Much better car for the price.

As for buying a car rather than leasing -- generally it's smarter to buy a used car or whatnot, but buying a new car isn't really the best buy because of the severe value decrease the second you touch the gas. Leasing is probably stupid too, but I'll be sick of it after 3 years and don't wanna deal with the hassle of selling the car. Not to mention I end up paying $19,000 for a car that's MSRP is ~$43,000 with navigation and other shit how I have it, so it's a really good lease IMO.

Thanks for the insights though -- I love the fucking Audi, but to pay for 60-65% of the car is insane for a lease.
 


Not sure how old you are, but if your under 50 go back and get the COUPE. Seriously!? it's 200% worth a trip back to the dealer. Coupe looks 100x better.

:sigh:
 
Wanted to also add, if that's the car you want that's cool, don't want to ruin it for you. Getting a nice new car is like 10 x-mases put together, it's the best. But nobody should have buyers remorse when spending money like that. So just give it a good thought, and if not Congrats on the new wheels player!
 
Lol thanks, I don't have any remorse. I needed a new car yesterday. Couldn't wait. I've driven the car quite a bit and it's quick, handles great, and I like the sedan. I agree the coupe is probably nicer, but it is what it is. And don't worry, not ruining it for me lol. I'm happy and I'm excited for the car I'll be getting in a couple years ;). I went with something very practical this time so that I can ball out after this lease (or something like that..)
 
Dude you did it all wrong. There are only 3 things that go into a lease payment. Residual, Lease Rate (both set my manufacturer) and price you pay (set by dealership). All dealerships get lease rates from the manufacturer. The only thing the dealer controls is price. You negotiate price first, the lease interest rate / residual is fixed. There are sites out there that let you get quotes from all dealers in like a 200 mile radius. Once you have the best price, the lease payments is just filing in the equation. You pay an interest rate on the depreciation each month. Basically the way you did it is you have no idea the price you paid for the car as they started right off with payments.

2nd. Never Never Never put money down on a lease. If you crash that car leaving the lot, guess what? Your $3K is gone. The insurance pays off the lease. You don't get another car for that same payment and your money is gone.
 
1) $410 a month, 12k miles/yr, loaded up, navi + other features = a good deal. Especially when you're crazy like me and decide that today is the day to get a car and I'm not going home without one.

2) If I total my car leaving the lot, I deserve to lose $3k. I'll live.
 
jaxstar said:
Dude you did it all wrong. There are only 3 things that go into a lease payment. Residual, Lease Rate (both set my manufacturer) and price you pay (set by dealership). All dealerships get lease rates from the manufacturer. The only thing the dealer controls is price. You negotiate price first, the lease interest rate / residual is fixed. There are sites out there that let you get quotes from all dealers in like a 200 mile radius. Once you have the best price, the lease payments is just filing in the equation. You pay an interest rate on the depreciation each month. Basically the way you did it is you have no idea the price you paid for the car as they started right off with payments.

2nd. Never Never Never put money down on a lease. If you crash that car leaving the lot, guess what? Your $3K is gone. The insurance pays off the lease. You don't get another car for that same payment and your money is gone.
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this man is correct. I have a lot of experience leasing and buying.

In any case, it is smarter to buy or lease a slightly used car. YOu wouldn't have to absorb the big depreciation hit of buying a brand new car and you still have a NEW car with warranty and everything basically new.

Another thing important when negotiating a lease is the buyout price ( the cost of your car at the end of the lease ) the higher it is , the best for you and the lowest your lease payment will be.
 
fvaldes said:
Another thing important when negotiating a lease is the buyout price ( the cost of your car at the end of the lease ) the higher it is , the best for you and the lowest your lease payment will be.
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The residual is set. 5 minutes of googling and looking at forums like Edmunds will tell you the Money Factor Rate and Residual % offered for that month. Dealerships are so shady the way they start off with down payments / monthly payments, etc etc. Tell them you're paying all cash, get the best deal, lease rates / interest rates are all pretty much the same across dealers.

On the money down part, it does make sense if its a security deposit and this deposit buys down your Money Factor Rate. Short of that, never put money down. Its a waste.
 
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jaxstar said:
The residual is set. 5 minutes of googling and looking at forums like Edmunds will tell you the Money Factor Rate and Residual % offered for that month. Dealerships are so shady the way they start off with down payments / monthly payments, etc etc. Tell them you're paying all cash, get the best deal, lease rates / interest rates are all pretty much the same across dealers.

On the money down part, it does make sense if its a security deposit and this deposit buys down your Money Factor Rate. Short of that, never put money down. Its a waste.
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not exactly true.. if you are leasing used the dealer HAS the ability to play with the residual value.

Another trick, if your credit is fucked is to pay a lease in advance. That being the lowest lease price ( usually the advertised price ) The dumb dealers will give you shit about this, but the smart ones will take your huge check in a heartbeat.
 
True about used vehicles. I thought the only used vehicles you leases were 2 year old Ferrari's? ha

And true on credit. Should have said I assumed you pay your bills on time and have normal credit.
 
jaxstar said:
True about used vehicles. I thought the only used vehicles you leases were 2 year old Ferrari's? ha

And true on credit. Should have said I assumed you pay your bills on time and have normal credit.
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never assume shit hehehhe


credit is how banks manipulate the sheeple into doing what they want. Of course paying your bills on time is important, but youll be in situation in your life when an investment goes south and it just doesnt make financial sense to keep paying something. The banks themselves do it all the time.

Credit can be fixed, but having a bad investment on your back for 30 years cant.
 
another thing, there is a credit fico score that only auto dealerships use.... they look at your history if car loans and leases and nothing else for the most part, so there can be a HUGE difference between this number and your actual credit score.
 
where did you learn all this shit fvaldes? i've been researching leasing a little bit

do you think there is any value in using sites like swapalease? from what you're saying it seems like it might not be the best idea to jump into someones lease if they didn't know what they were doing and got a bum deal from the start
 
I probably should leave this one alone - but there's so much misinformation here - I feel I have to.

what makes me qualified ? - 20 yrs in the car business, 5 yrs as finance director - 10 yrs as General Sales Manager for multiple dealerships in the US.

fvaldes said:
not exactly true.. if you are leasing used the dealer HAS the ability to play with the residual value.
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not true - just like new car residuals the used car values are set as well. What IS different is the fact new car residuals are set by the manufacturer, while used car values are given to the dealership by the banks.

With that said, nowadays it's hard to find a reputable bank that will still do used car leasing ( after they all lost their shirt in the late 90's early 2000's ) - typically , if you want one , it's either not competitive with the new car rates or has all kind of ' shady ' fees at the end build in.


Another trick, if your credit is fucked is to pay a lease in advance. That being the lowest lease price ( usually the advertised price ) The dumb dealers will give you shit about this, but the smart ones will take your huge check in a heartbeat.
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Again , the dealer has no influence over the fact if advance lease payment makes you ' credit worthy ' or not. The banks do ! So if i.e. Chase decides today that they will lease you a car if you pay in full ( despite the credit being shot ) so be it. If they decide not to do it - the dealer has absolutely no power to override it.
 
mkane said:
I probably should leave this one alone - but there's so much misinformation here - I feel I have to.

what makes me qualified ? - 20 yrs in the car business, 5 yrs as finance director - 10 yrs as General Sales Manager for multiple dealerships in the US.



not true - just like new car residuals the used car values are set as well. What IS different is the fact new car residuals are set by the manufacturer, while used car values are given to the dealership by the banks.

With that said, nowadays it's hard to find a reputable bank that will still do used car leasing ( after they all lost their shirt in the late 90's early 2000's ) - typically , if you want one , it's either not competitive with the new car rates or has all kind of ' shady ' fees at the end build in.


Again , the dealer has no influence over the fact if advance lease payment makes you ' credit worthy ' or not. The banks do ! So if i.e. Chase decides today that they will lease you a car if you pay in full ( despite the credit being shot ) so be it. If they decide not to do it - the dealer has absolutely no power to override it.
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well, my last two cars have been leased and used and I did negotiate the residual with the dealer ( im sure they do negotiate with the bank as well behind doors ) but I did manage to get the residual to be where I wanted it to be in both cases. ( first a 2006 BMW 650i Cab and now a Maserati GT 2008 )

It is true that now banks are way more strict with used car leases BUT there are a ton of other companies picking up the slack and acting as middle man ... ( Putnam, for example)
If you have EXCELLENT CREDIT OR A TON OF VERIFIABLE MONEY/INCOME
you will not have a problem getting the deal you want.


About the dealer having no word on wether to lease to you even if you prepaid, of course that is the case. The bank backing up the deal has the last word... but what serious bank would say not to a PREPAID LEASE? there is no risk to them and no need for credit since you ain't borrowing nothing. You are prepaying the use of the car for the length of the lease.
 
Andrew Scherer said:
where did you learn all this shit fvaldes? i've been researching leasing a little bit

do you think there is any value in using sites like swapalease? from what you're saying it seems like it might not be the best idea to jump into someones lease if they didn't know what they were doing and got a bum deal from the start
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sites like swapalease and leasetrader are gold. Why? if you have good credit, you get a short term lease with no downpayment. Where else can you get a 12, 18 or 24 months lease with zero down payment?

In many cases, you even get a bonus payment just to assume the lease and way more than 12k miles per year which is what the average lease will give you.
 
audis are for americans or old people. You notice how an RS5 differentiates to an M5 completely by the way the suspension is set up. Admittedly, the a5 is a beauty but drives like a grandma
 
another tip when buying a car with low credit score... use a CD as collateral if you are applying for the loan at the same bank.
 
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