I got there early and began the process immediately. I confirmed the residuals with him that were provided to me by you guys and took it from there. Here were the numbers he came up with:

TT 2.0T
S-Tronic
Nav+
Premium
Bi-Xenon
18 inch Run Flats
Audicare

MSRP Came up to $41,775
Negotiated the Sales Price Down to $39,500 According to him, this was invoice. (give or take a few bucks)

Terms of the lease:
36 month
10k miles per year (increased residual by 3%)
$0 Down
Taxes Built into the monthly payments
Initial Payment of $870 (first months & fees)
Monthly Payment = $554

This monthly payment was negotiated after my parents agreed to take a New 2007 Jetta off their hands also.
I wasn't happy with that even though i thought it was a good deal and tried to get another $4 out of him. He called the GM who had already left and when the GM found out that he was entertaining the idea of invoice on a car like this, he told him the best deal he should offer me was a monthly payment of $570.

My response to the salesman was, "in the interest of maintaining a relationship with a loyal 3 time customer, would you really force me to kill this deal over $20?"

He, replies, "the GM is not allowing me to do this", at which point I thanked him, grabbed my parents, and left. I told him to call if he changes his mind.


How does that deal sound to you guys? I'm probably going to head to Riverside Audi this weekend to crunch some numbers with them also but in the mean time, my phone is on and I await my dealerships call.

look, i learned the heard way (just recently) that audi and its dealers, indeed like any major corporation, could care less about how many cars you've bought and yada yada yada....

you did the right thing by walking away. i think he's a jackass and so is his "GM".

now that you know the numbers go for the best deal at any dealer that will give it to you. and if another dealer offers you something similar, even if it costs you $2 more per month you should do it rather than to go back to someone who went back on his word.

over $4...

If they honor the original quote, i'd take it but not for a $ more.

I realize that they don't care about loyalty, etc. but neither do I. Letrs see what the other dealers can come up with.

They will call. You did the right thing...we are now in the final 1/3d of the month...you went on a week night....they will call...they ALWAYS call.

Still seems rather minor... I would have asked him to bring out his dickweed manager so you could tell him what you thought.

he ended up calling him on his cell. I'm not upset at this or anything. Just got off the phone with a larger audi dealer and set up an appointment for saturday

to me in the past. I only went to this years ago because of convenience.

What is this first month 870 stuff....I didnt know that your first payment was higher or supose to even have a payment right away. When my wife did her lease in Dec of 05 there was no first months/fee due at signing...she got her first invoice a month later in the mail...

Is this something new?

My TT comes in the second week of Sept.
I will be damned if I am going to pay my normal car note for September on 9/2 (when its direct debited) and then turn around a week later and pay them again for the TT. Thats bunk.

...they can send me an invoice to be payed the first week of October thanks...

are tags I believe.

0 down to me means, you get your first note in the mail in a month...


...or are you saying 870 is your first payment a month after signing that you get in the mail.

monthly payments. The inital dues, like tags and Security deposit are seperate from the down payment.

of your 36 months, along with the fees ( the 870)....the day you sign....


...or do you get your first bill a month after signing in the mail for the 870.

then in 30 days, you make your 2nd payment. There are tricks that the dealer can do, like building the first payment and security deposit into the deal, but that just increases your payment, and may result in a slightly higher rate.

Nothing Due at Signing...

Thats the way it has always been on my other 4 Audi purchases, a bill a month later....I assume Premiere Purchase is just the same as its a 36 month Purchase with a big 37th month payment....as you said, with PP or Purchase, the car is in your name, not AoA bank, so your not "renting" it.

correct?

contract is a standard buyers contract....Car is in your name....just a 36mo. Purchase with a big 37th payment.....so there is no "renting involved"....so I believe no payment.

It is only practical if you plan to keep the car more than 48 months.

It was invented for those states that don't allow leasing. But unlike a lease where you only pay sales tax on what you use, the PP purchase, just like a regular purchase, requires you to pay the sales tax on the full amount upfront.

I've also been told that it requires a down payment just as most non-promotional purchases do.

All in all, it doesn't sound very good.

Yes, you do pay tax on the full ammount, but you do not have to pay it upfront...nor do you have to pay anything upfront....bill in the mail a month later...

Zerin has done PP on quite a few cars and I am sure he will chime in.

I mean, unless you are planning to keep it, that's an awful lot of sales tax you're adding to the cost, and of course, your monthly payment. If all you're trying to do is save yourself from the initial "at lease time" costs, the dealer can wrap those up in the payment. Even then, you're going to be better off, assuming you're not wanting to keep it.

If you're intent is to keep it, then it may be ok. If, as I recall, you were looking at only a 36 month PP, there it just doesn't seem like a good deal.

Tax is only a bit over 35 bucks or so...not a big deal.

I have no intenet to keep it beyond 36mo...but with PP I do have the flexability to give it back at any time or sell it at any time....unlike a lease...
Also unlike a lease, you can build equity with a PP

At the end of the term you can still turn it back in like a regular lease though....

I'm not sure about your ability to "sell it anytime" so you may want to check the PP contract details. As I understand it, you're locked in to the terms, and you only have options as the balloon payment nears.

With 50% down, you'd be much better off just doing a normal finance. Either that, or lease it with nothing down, invest the money from the trade-in, and see what happens in three years. Chances are, the buyout is going to be higher than what the cars worth, and you can just walk away.

Also I am 100% positive on the ability to sell at anytime. You are not locked into it, thats the beauty of PP.

to correct you.

There is backend money on Audis now. Right now $4,000 on 2007 Q7s from AoA. Not sure about other models.

So there is not a universal holdback (kickback) on the models like the American car makers do. Right now, there are limited-time Factory-dealer incentives for clearing existing stock, but on only a few models.

Unfortunately, the 08 TT is not on the list.