Hey guys I need help with leasing a car cause I have no idea if it is a good deal or not.
So it is August 2018 right now so Audi is trying to get rid of their 2018 models for their new 2019 models. (so it should be cheaper than usual)
I went in and talked to a dealer and I found an A3 and A4
First, the A3’s MSRP is $38,800 (link to the website for specs and options included)
Discount : $4,300
Net: $34,500
Doc fee: $600
DMV fee:$100
Tax: $230
Acquisition fee : $900
Residual $19,415
Money factor : 0.0007 (my credit it above 700)
So it came to $521/month for 36 month with $0 down payment (10,000 mile/year)
Second, the A4’s MSRP is 41,700 (link to the website for specs and options included)
Discount : $4,000
Net: $37,700
Doc fee: $600
DMV fee:$100
Tax: $220
Acquisition fee : $900
Residual $22,101
Money factor : 0.0011 (my credit it above 700)
So it came to $567/month for 36 month with $0 down payment (10,000 mile/year)
Since this is my first time leasing/buying a car, any help would be appreciated.
Specifically how much more discount can be negotiated?, what fees I should look out for?, is the monthly payment calculation correct?, Or overall your opinion on the car?, Is this a good deal?
Also on their website, it says that their lease special for A3 is $339/ month with $3200 down payment and A4 for $349/ month with $3500 down payment which was the reason I came in the store for but the dealer said it is IMPOSSIBLE and it is only a marketing tactic from the manufacturer. I am so confused b/c the price that i got from the dealer is a lot more expensive than the advertised. Someone please explain if this is something common or not.
I appreciate your help in advance.