How to Lease Audi Cars
Before you step into your local dealership to lease a new Audi, it is important to do your homework and know what you are looking for. With the right tools and a little bit of planning, you can get your new Audi lease with ease and be satisfied that you have made a great deal.
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Instructions
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Getting into a new Audi lease
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Get out there and touch what you want. Start by going to your local dealer and take a look at the specific model you are interested in. Try to see all the different colors in person on the vehicle. Take a look at the different trim levels and what you will be getting with certain packages and options. Sometimes one particular feature that you really want is only available with an upgraded package. Xenon headlights are a good example on the 2009 and newer Audi A4s. You can only get the Xenon headlight package on the Premium Plus model, which adds a few other features that you may not be interested in paying for and don't really need.
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Do your financial homework. Find out what lease specials are running in your area. AudiUSA.com will keep you up to date with available lease offers. You also want to find out the money factor and residual value of your new Audi. A money factor will usually be in a decimal point format (.00089 or .00125). Take that number and multiply it by 2400 to find out what the actual interest is that you will be paying on your new lease. The base residual value will usually be for 15,000 miles per year. Most banks add 2 percent to the residual value for a 12,000-mile-per-year lease or 3 percent for 10,000 miles. Not all banks follow this formula, so ask your salesperson which financial institution your Audi will be leased through
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Now that you know what car you want and what lease specials are running, find out how much you should be buying the vehicle for. Edmunds.com is a great tool for finding out what a vehicle is selling for in your market. They will tell you what other people in your area are paying for the same model vehicle. They will also give you a breakdown of MSRP (Manufactures Suggested Retail Price) and the Invoice (what the dealer pays for the vehicle) price on the vehicle.
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Jump online and send out a few requests for lease quotes from different dealerships in your area. You can have them tailor the lease to meet your needs, such as you need to put less money down at lease signing, you need more miles per year for the lease, or you need to have the lease shorter or longer than what is being offered.
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Tips & Warnings
Watch out for the finance manager when you go to pick up your new vehicle. A lot of times dealers will try to make some extra cash by selling items such as lease wear and tear, paint protection, GAP insurance, etc.
