mfscin
01-20-2008, 04:56 PM
This is my first post on the board. I am considering buying a new 2007 Audi A3 but I am wondering if it might be better to opt for a 2008 model given the offer the dealer has on the table.
Information on the 2007 A3 is as follows:
2.0T 6 speed, metallic paint and open sky
MSRP: $27,910
Selling Price: 24,503 including maintenance that would cost $590
If lease, MF: .00206 and Residual: 42% after 36 months
Interest rate if purchase: 5.9%
This is the best the dealer is offering and they say they are losing money. Does this seem like enough of a discount given that it is a 2007 model? I asked for 20% off MSRP but was turned down. My concern is the additional depreciation since the car is one model year old.
Also, I would trade a 2000 A6 2.7T with 80,000 miles. The dealer is offering $6,500. I was surprised that they were only offering $6,500 since the various trade in estimates I looked at were considerably higher. I really like the 2.7T but it has been the most unreliable Audi I have ever owned and I have had 5 Audis and 2 Porsches since 1985. I bought the 2.7T 4 years ago with 40,000 miles and it has required $11,000 in repairs and maintenance. A fair amount was covered by my extended warranty from Extended Warranty Corp (6 years or 125,000 miles), but they just went into receivership in November, 2007 (for those who have or are considering a warranty with this company and may not be aware of this problem). My plan was to keep the 2.7T for two more years until the warranty ended. I am now on my own, however, with no warranty and am concerned that something major might go wrong (turbos, transmission, Cats etc.). Maybe that's the reason for the low trade in value.
Hence, I figure its time to get something new. The A3 is a great car and should fit my needs for the forseeable future.
Any input would be greatly appreciated.
Thanks,
Mike
Information on the 2007 A3 is as follows:
2.0T 6 speed, metallic paint and open sky
MSRP: $27,910
Selling Price: 24,503 including maintenance that would cost $590
If lease, MF: .00206 and Residual: 42% after 36 months
Interest rate if purchase: 5.9%
This is the best the dealer is offering and they say they are losing money. Does this seem like enough of a discount given that it is a 2007 model? I asked for 20% off MSRP but was turned down. My concern is the additional depreciation since the car is one model year old.
Also, I would trade a 2000 A6 2.7T with 80,000 miles. The dealer is offering $6,500. I was surprised that they were only offering $6,500 since the various trade in estimates I looked at were considerably higher. I really like the 2.7T but it has been the most unreliable Audi I have ever owned and I have had 5 Audis and 2 Porsches since 1985. I bought the 2.7T 4 years ago with 40,000 miles and it has required $11,000 in repairs and maintenance. A fair amount was covered by my extended warranty from Extended Warranty Corp (6 years or 125,000 miles), but they just went into receivership in November, 2007 (for those who have or are considering a warranty with this company and may not be aware of this problem). My plan was to keep the 2.7T for two more years until the warranty ended. I am now on my own, however, with no warranty and am concerned that something major might go wrong (turbos, transmission, Cats etc.). Maybe that's the reason for the low trade in value.
Hence, I figure its time to get something new. The A3 is a great car and should fit my needs for the forseeable future.
Any input would be greatly appreciated.
Thanks,
Mike