I just sold my TT and am looking at picking up a 2005 model A6. The 4.2 version is more than I can spend, but I am looking at the 3.2 with the following options:
Q1D Sport Seats 500.00
7Q2 Audi Nav 1500.00
4K7 Advanced Key 750.00
QH2 Voice Recognition 350.00
I am deleting the Premium, Convenience, Cold Weather, and Sport Packages, since I plan to throw new wheels and sport springs on the car.
Looking at past A6 Residual Performance in the U.S. Market, can anyone speculate what a payment for a $44,000 car would be approximately? Not looking for exact, just an idea. Thanks.
10-19-2004, 12:01 PM
They don't give the options codes. Just curious if there is such an option as just sport seats without "premium leather".
10-19-2004, 12:21 PM
I've never leased a car, so I'm looking for reasons why people do it.
When you lease a car, the car is sold to the leasing company (as opposed to you) and the leasing co. then makes money off you by charging fees and interest. Don't you save that money by essentially acting as the leasing co. when you buy the car yourself? Plus, this way, there are no mileage restrictions and there's no deadline (eg, 42 months) by which you have to make a decision about whether to keep the car or not. That's an advantage for me because I don't change cars at regular intervals (say 4 years), I change cars when I see one (like the new A6) that strikes my fancy. For a while, there was nothing out there that I would have considered buying.
I guess the advantage of leasing is that you don't have to sell your car yourself but that's not big issue for me. I'm fine doing it on Yahoo, eBay, AutoTrader, craigslist, whatever.
10-19-2004, 12:47 PM
I noticed that none of the A6s that are destined here have less than fully loaded status and prices of about 50k. Not sure why Audi is sending only fully loaded examples here in the next two weeks, but maybe they are just trying to capitalize on its US introduction.
10-19-2004, 12:51 PM
My reason for leasing is because I don't keep my car long enough to make buying a worthy option for me. On my TT I took a slight loss when I sold it Private party after three years, but I would have expected the same had I purchased it. I usually don't worry about the mileage restrictions because I end up either selling the car or trading it in before the term expires.
10-19-2004, 04:10 PM
The classic reasons to lease are:
- If you like driving a new car often.(2-4 yrs)
- Monthly payments are lower because you finance, (at a higher rate) just the first three years of a car's life (for a 3 year lease.)
- If you put on less than say 15K miles/yr.
- If you have a business use tax deduction.
- You also have less liability if the car is seriously damaged. Per my acountant, you fix it and return to the leasing company. Otherwise, the Carfax system can make the car worth much less.
Buying is generally better to do financially particularly if the above do not apply. Especially if you do an equity loan that is tax deductable and now rates are under 5.5%
This is one of many good links:<ul><li><a href="http://www.leaseguide.com/lease03.htm">http://www.leaseguide.com/lease03.htm</a</li></ul>
10-20-2004, 05:18 AM
i went to the dealer to see how much would i get on fully loaded 4.2 and guy told me $950 a month 0 down. he told me this price wont drop for atlist 2 month i will never pay this kinda of a price for a6 not more then 800-850 a month
10-21-2004, 10:26 AM
The primary reason to lease historically has been "opportunity cost."
Also the CPA "common wisdom" is lease what depreciates and buy what appreciates (when talking about big ticket items). Most folks buy cars and rent apartments.
40 year interest rate lows did muck up the value of leasing for a couple of years, but -- other than paying cash for a car, leasing can still be THE LEAST expensive way to have a new car every 2.5 to 3.5 years.
Some would argue, and I would not quarrel, that a one year old low milage car purchased outright for cash is THE best of all worlds.
My Audi dealer has a 2004 used A8L with 3,100 miles on it -- it is about 80% of list. In cash it is a heck of a bargain. Funny tho, it is about the same as a new 2005 A8L on a lease basis.
My cousin always buys them used and in cash and runs them until they turn to rust.
Of course, he's rich, he can afford to do that.
Seriously, he hates new cars and loves the old ones -- his cars still have the shoulder belts separate from the lap belts and FM mono radio and non working tape decks. But. . .they run.
If you cannot pay cash, my advisor says leasing is THE way to go.