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Be Careful of Leith Audi at Raleigh, NC: Extremely Bad Experience!
by qyl on Mon Apr 17 11:05:45 PDT 2006
Be careful if you plan to buy or lease from Leith Audi in Raleigh North Carolina. I had extremely bad experience with them and was robbed by them. They play all kinds of tricks. 1)They refuse to disclose the money factor and residual value to you, only stick to the monthly payment. I was told I could get 0.00064 MF and 65% residual value for a A4 2.0T Quattro with 24 month 15K miles per year lease. Then when I went to the dealershop and negotiated with the salesman, he refused to confirm the money factor and residual value saying he simply does not know and does not care. (They actually used 0.00080 0.65%instead.) 2)They changed the price they promised. They promised me a price of $35,200 (MSRP $36,985, Invoice $34,335) during negotiation. Then the salesperson told me to add $1,084 acquistion fee and other fees to the price. Then I learned that this $1084 is "Pure Dealer Profit". The acquisition fee is charged separately and not included in the price. So the final price is $36,284. Lessons Learned: 1)Never, Never trust the car salesman. They always tell lies and play tricks on you. 2)Insist on the details and breakdowns of any fee or charges, especially the money factor, residual value...etc. Do not assume anything. 3)Choose a better dealer
Re: Current A4 2.0 money factor rates [Car_man]
by qyl on Tue Apr 18 08:45:08 PDT 2006
Thanks Car_Man. Unfortunately, I just leased an Audi A4 2.0T Quattro sedan and got robbed. The MF I got is 0.00064, Residual value is 0.65%. They promised $35,200 on a MSRP of $36,985. Then they changed it to $36,284 saying they have to add the down payment of $1,084 back to the price. Anyway, very bad experience. It is Leith Audi at Raleigh NC. qyl
Re: Be Careful of Leith Audi at Raleigh, NC: Extremely Bad Experience! [rjlaero]
by qyl on Mon Apr 17 13:58:32 PDT 2006
Total $1,118 including $600 monthly payment, $30 Wear&Tear protection, $79 Registration, $398 documentation fee, and $11 tax.
Re: Be Careful of Leith Audi at Raleigh, NC: Extremely Bad Experience! [qyl]
by rjlaero on Mon Apr 17 13:54:17 PDT 2006
How much total out of pocket money did you put down?
Re: Be Careful of Leith Audi at Raleigh, NC: Extremely Bad Experience! [rjlaero]
by qyl on Mon Apr 17 13:51:31 PDT 2006
I did pay $575 acquisition fee and $398 documentation fee. However, the trick is: 1)They agreed on the price of $35,200 but asked me to add $1,084 "fees". 2)Then they told me the $1,084 includes the acquisition fee and other fees. They lied about this $1,084 "fees". 3)Actually, they changed the price to $36,284 and I paid the acquisition fee and documentation fee on top of the $36,284 real price.
Re: Be Careful of Leith Audi at Raleigh, NC: Extremely Bad Experience! [qyl]
by rjlaero on Mon Apr 17 13:39:39 PDT 2006
gyl, Something you need to know about leasing. A dealer CANNOT change the residual value of a car. That is SET by the bank and cannot be negotiated. It will depend on the term and how many miles per year you contract to drive. A 36mo /10k lease will have a different residual value than a 36 / 15k lease. If you look on the AUDIUSA.COM website, you can clearly see there is an aquisition fee on the A4 lease special. At the bottom of that lease add, you also see that any dealer fees will be added to that. Many dealers in the USA do have ducmentation fees they charge as dealer to handle all of your titling and DMV work. Some dealers may charge $100 - $400 or more as a Documentation Fee. It's up to the dealer to decide if they charge a documentation fee. 2006 A4 2.0 T quattro Sedan $369 per month 36-month lease* --------------------------------------------------- Down payment $999 Refundable security deposit NA Acquisition fee $575 First month's payment $369 --------------------------------------------------- Amount due at lease inception $1,943 Excludes taxes, title and dealer fees. See dealer for details.

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