Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Audi S4 Lease Questions

2456727

Comments

  • kstrike155kstrike155 Posts: 2
    Here's what I'm looking at:

    2010 S4 Premium Plus
    42 month lease w/ 15k per year
    AudiCare
    Sports rear differential
    Quartz Gray
    B&O Sound
    Carbon Fiber dash
    19" wheels
    Wheel lock kit

    My trade:
    2007 A4 2.0T Sline w/ 46k on the odometer
    They are giving me $20,200, I owe $12,200 (supposedly only worth $18,500)

    Down payment:
    Using $4k from the trade down towards the lease, getting $4k cash back
    $750 Audi loyalty
    First month's payment
    (so approximately $5350 down)

    Total price: $629.28 per month after taxes

    Thoughts?
    Brian
  • andysmdandysmd Posts: 2
    What is the purchase price, money factor and residual they are offering? Without this info hard to determine if deal is good or not.
  • kstrike155kstrike155 Posts: 2
    edited May 2010
    I instead decided to do this:

    $750 loyalty, plus $600 down
    $8000 cash back
    MF .00138 (could only get C tier credit w/ no money down)
    Residual 48%
    Sale price: $49224.21 (plus 625 acq. and 790 AudiCare)
    42 months/15k miles
    $743.99/month

    I know the sale price is high, but they are giving me $1700 over normal trade value for my car. I saw their profit screen and they are losing around $700 on the sale when all is said and done. I'm sure they make it up elsewhere, and that the "normal" trade value is low. I signed the papers last night, though. I think it's a pretty good deal for no money down. Invoice on the vehicle is $47,890, MSRP is $50,630.

    Brian
  • levesshlevessh Posts: 4
    Car_Man,

    Could you post the money factor and residual for a 2010 S4 Premium Plus with 12K per year.

    Thanks for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, levessh. Audi Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 S4 Sedan Premium Plus with 12,000 miles per year are .00107 and 52%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • scooter260scooter260 Posts: 3
    Sorry, rookie leaser here. Can you tell me how I use the above cost of money data from Car_man? Thanks!
  • scooter260scooter260 Posts: 3
    edited May 2010
    I have one more question, too! Is it reasonable for me to believe I will be able to lease a new 2010 Premium Plus S4 for 12,000 miles/yr for no more than $650/mo with $0 down? I could lower the annual mileage to 10,000 if I needed to. I live in Minneapolis (55424).

    As you might presume, I have never leased (or bought!) a car before. I do know I want to lease though.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    There's no need to apologize, scooter260. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • redsushiredsushi Posts: 2
    Hi Car_Man,

    Can you please post the current money factor and residual for a 2010 S4 Premium Plus @ 10K per year 36 months? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, redsushi.

    Through July 5th, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2010 S4 Premium Plus with 10,000 miles per year are .00107 and 53%, respectively.

    When negotiating your deal on this car, make sure to take advantage of the $750 cash incentive that's available on leases of it to current Audi, BMW, and Mercedes owners.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Help! I recently leased a 2010 S4 in March. After having terrible experiences with the dealership (car came not as promised, car was supposed to be fixed, dealership screwed up fixing it 6 times), the owner of the dealership gave me AudiCare to compensate. This is supposed to INCREASE my RESIDUAL from 51% to 52% (and therefore decreased lease payments), but after 4 weeks of phone calls with Audi Corporate, they're refusing to do this. Apparently they say they've called the dealership who won't rework my original contract to reflect that I have audi care, and without a reworked contract, I can't get the increased residual (and therefore decreased lease payments).

    What do I do? Doesn't Audi Corporate and/or Audi Financial HAVE to honor this with lowered payments? Everyone says Audi Care is in the system as applied to my car, but no one will say my payments can be decreased!
  • kyfdxkyfdx Posts: 27,652
    The dealership gave you the free service, but I doubt that will affect your lease contract..

    Yes, if you purchase Audicare at lease inception, they write the lease with a one point higher residual... But, what the dealership does to compensate you for some other issue isn't binding on Audi Finance...

    They are giving you free service.... that's great.. Doubt you'll get more from the bank, though.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kocsi1kocsi1 Posts: 11
    HEy Scooter, I'm in the MN area and wanted to touch base with you directly so we could compare notes! Your email isn't listed, not sure of a good way to contact each other though? Friend request?
  • aklugaklug Posts: 1
    Car_Man:

    I've got a 2011 S4 ordered and am wondering if you have leasing info on it yet?

    Its a prestige 36 month with 12,000 miles and will do audi care if it makes sense so let me know residual both ways if you could please. Thanks!
  • frank146frank146 Posts: 2
    car_man,

    If you have a second would you mind posting the 2011 S4 lease rates.

    many thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Nice car, aklug. I have seen the program for the 2011 model.

    Audi Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 S4 Sedan Premium Plus with 12,000 miles per year are .00174 and 58%, respectively for consumers who qualify for its top credit tiers.

    I believe that Audi Care adds 1% to vehicles' residual values.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Frank. Please see my previous post for the information that you're looking for. Thanks.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kstricker22kstricker22 Posts: 1
    edited July 2010
    Hey all, thought I would share my experience from leasing an S4 tonight and maybe get some advice.

    I have been looking at a 2011 Black MT6 Premium Plus S4 the last couple nights. The car has Nav, Limited Slip and that's about it. The MSRP was $53k I believe. It does not have the advanced keyless or upgraded stereo.

    I got in around 6:30p, and talked to the sales manager about the car. I am returning a 335i lease return on 8/2 and am ready/need to buy a car. No trade, perfect credit, super easy deal. The sales manager gives me a quote of $640 per month w/5K down @ 42 mos. He said I was getting 6% off of MSRP due to my employer discount, but must show paystub to prove I work for Microsoft. I said fine and and took the car for a test drive.

    I come back and decide to buy the car, the sales manager I chatted with has gone home and new sales manager is taking over. I am assured that he is aware of the deal that was discussed with previous sales manager.

    I go back to finance..

    1) They never asked to see a paystub, after stating several times prior- I needed to show it as proof
    2) Finance starts going over the paperwork and the payment is around $830ish and the cap cost is back at full MSRP. "oops" their mistake, sales manager comes in and tells finance to change msrp to $50k
    3) Payment now comes out to $720.69; I say that I was actually told $640+ tax for a total of $702
    4) She tells me, "he must not have calculated the "document service fee" of $150 or the $625 acquisition fee. "its normal that the price can change from what you were told by "sales".
    5) What the?
    6) Everyones obviously in a rush to get out of the office because its now 9:00pm, an hour after closing and everyone wants to go home
    7) I said fine, it's not a big deal, $15 a month and sign paperwork.
    8) Sales manager says if I am around this weekend he can "make it right"
    9) I am handed temp plate and walk out the door
    10) I stood in front of the new S4, which I really like and was kind of mad. Felt like I didnt get the deal I was told. maybe its just principle instead of the lousy $15 but, I wasn't happy.
    11) Got in my BMW and left the new car in the parking lot.
    12) Tomorrow not sure what I am going to tell the dealer, when we obviously talk and they wonder why the new S4 is still sitting at the front of the dealership

    Does it seem like this is petty and I should be happy with the deal? I was told the residual is 55%, didnt take audi care or any other finance options. I do not know what the MF is. I did ask for and see the invoice it was $49,809 I believe.

    Also realized driving home they forget to ask for me to write the check for the down.

    Any comments are helpful and thanks for reading.
  • kyfdxkyfdx Posts: 27,652
    I wouldn't be happy with that, either...

    Although, I'm not sure I would have waited till the dealership closed to decide not to take the car.. :surprise:

    If you talk to your original guy, tell him what happened, and assuming you still want to do the deal, stipulate that it has to be exactly as agreed to...or no deal.

    Or, just call them up and tell them you didn't like the changes to the price, the way you were treated, and you won't take the car.. Since you haven't given them any money, and didn't take the car off the lot, there isn't really anything they can do..

    Good luck, and let us know... should be interesting..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

This discussion has been closed.