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Audi S4 Lease Questions

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  • abudoggieabudoggie Posts: 2
    edited September 2010
    Carman...

    I'm looking at a 2011 S4 PremPlus with Nav, Sport diff, B&O sound, 19" wheel pkg msrp $55,250.

    I'd like to know the September 15K mile lease factors for 36 and 42 months.

    Thank you.
  • Hello aiki_d. Here's the information that you're looking for.

    Audi Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 S4 Prestige Sedan with 12,000 miles per year are .00168 and 54%, respectively.

    I am not aware of any conquest cash for current owners of competitive models on the S4 right now. Perhaps this was a direct mail piece that someone received. Automakers send out this sort of offer directly to consumers all the time.

    Car_man
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  • Here you go mm91.

    Audi Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 S4 Premium Plus Sedan with 12,000 miles per year are .00168 and 58%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings abudoggie.

    Audi Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 S4 Premium Plus Sedan with 15,000 miles per year are .00168 and 56%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 42 month lease are .00188 and 52%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Interesting. I did get the car, but I ended up not leasing. The lease base he quoted me was 48% and he said that was set by Audi. I got a loan for 3.75%/60mo which I am happy with. The payments are a bit more ($60) than the lease quote they gave me. But the residual is 4k less so by my math that works in my favor :). He gave me 3% off the retail price of the car. Not great, not bad. He did say that Prestige versions were rare, and my searches online seemed to prove that out.

    Thanks for getting back to me with the numbers. I wonder why my dealership quoted such a low residual.

    ~derek
  • mm91mm91 Posts: 5
    So I am about to lease a MY11 S4 and had a question on Audi's invoice pricing. I am working with a car broker (family friend) so he doesn't have a piece of paper with the actually invoice on it. He is telling me that the S4 doesn't have a whole lot of mark up between invoice and MSRP and the car I want is MSRP $55,825 and the invoice price is ONLY $53,000. Does this seem right? I looked on yahoo cars and it said invoice should be $51,000 and change. Is he trying to pull a fast one or is this accurate?

    -Thanks
  • Hi mm91. You can look up the exact dealer invoice price of this car right here at Edmunds.com over in the New Vehicle Pricing section.

    Car_man
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  • Great forum. Very helpful.

    I'm looking at a 2011 S4 Prestige Automatic with the following options:
    Nappa Silk Leather, Side Assist, Titanium Package, Stainless Steel Inlays, Aluminum Optic Kit, Sport Rear Differential

    MSRP = $59525, Invoice = $55423
    Negotiated Price = $56423

    The lease I'm being offered is 42 month, 12K miles, $875 including CA tax/month with no cap cost reduction. That is a residual of 50% and Money Factor of 0.00203.

    I was ready to do the deal until I saw on this forum that perhaps the residual is too low and the MF too high.

    Please help!

    Thanks.
  • daman92daman92 Posts: 7
    edited October 2010
    Here is the complete list of all lease rates for the A4/S4 line up.

    2010 Audi S4

    2010 Audi S4 Premium Plus Sedan.
    24-month | 15k miles | residual 60% | .00187 base money factor
    36-month | 15k miles | residual 53% | .00187 base money factor
    48-month | 15k miles | residual 46% | .00270 base money factor

    2010 Audi S4 Prestige Sedan.

    24-month | 15k miles | residual 57% | .00187 base money factor
    36-month | 15k miles | residual 50% | .00187 base money factor
    48-month | 15k miles | residual 43% | .00270 base money factor
    :surprise:
  • mm91mm91 Posts: 5
    I am leasing a 2011 S4 premium plus 12k/yr, 36 mos. Its an stronic brilliant black with black nappa leather, rear sports differential, nav, B&O stereo, carbon atlas inlays, and 19" rims. MSRP $55,980. $5,700 drive off. 735/mo. Includes Ca tax, registration, first month's payment, and everything else. Residual is 58% and money factor is .00168 Is this a decent deal?
  • I'm glad that you like this forum so much, kkdinla. $1,000 over dealer invoice seems like a reasonable selling price for this car to me.

    The money factor that you were quoted is slightly high though. Audi Financial Services' current buy rate for a 42 month lease of a 2011 S4 Prestige is only .00188 for consumers who qualify for its top credit tiers. If your credit is in good shape, try to get the dealer to use this factor to calculate your payment.

    The residual value looks about right.

    Car_man
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  • Hello mm91. The money factor that you were quoted is right in line with Audi's current buy rate for this model. That's a good thing.

    You never mentioned this car's selling price though. This is a very important number to know when leasing. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a dealer discount you were given and in turn if there is any room left to negotiate. Let us know what this car's selling price is and I'm sure that either myself or another helpful community member will gladly let you know what they think.

    Car_man
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  • rkdiddyrkdiddy Posts: 13
    I was looking at an S4, ready to make a purchase and was examining the additional 'fees' added to the invoice side (missing from the MSRP side).

    - Destination Fee - $875
    - LA DAG - $446.40
    - SCADA2 Audi DAA - $270.53
    - Prep and Inspection - $195

    Invoice was stated at $52,105 and MSRP at $54,980

    Then,

    - Bank Fee - $695
    - License Fees - $707.75
    - Other Fee - $45

    Does this seem right? I'm hoping to find out soon so I can move on a purchase/dealer selection.

    Cheers!
  • This does not seem right to me. I just purchased a 2011 S4 last Thursday. The only fees I had besides the actual vehicle were a destination fee of $875 and a "doc fee" from the dealership of $199. The rest of the cost was pure MSRP sticker for the car. I think the "license fee" might be that in your state maybe the dealer is required to collect that for the state? Other than that, I have no idea what those other fees might be. The "prep and inspection fee" is probably them taking the wrapping off the car and doing the checklist inspection of the car to make sure nothing was damaged in shipping, but my dealer did not charge me anything for that. It sounds to me like your dealership might be tacking on some fees to increase their profit margin! Hope that helps. If you need, I can send you my exact numbers...just let me know.
  • rkdiddyrkdiddy Posts: 13
    This is exactly what I was thinking. The dealer advertised how they would show you the invoice and give you a deal of X over invoice. I did a lot of homework before going in so I wasn't getting why my invoice price was $1000 less than their stated invoice. Upon further inspection, it appears to be these random fees. Ugh!
  • Hi rkdiddy. The license fee that the dealer mentioned is likely charged by your state and has nothing to do with them. The same goes for the bank fee. Audi Financial Services charges a $695 bank fee on every vehicle that it leases. You can either pay this fee at lease signing or have it rolled into your vehicle's capitalized cost to make it part of your monthly payment, but it cannot be waived.

    Car_man
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  • zarusszaruss Posts: 1
    edited November 2010
    I'm looking to possibly lease an S4. Based on the numbers I've worked out with the dealer- they look very attractive. I'll be putting 4-5K down to ease the monthly payment. I have not had my credit ran by Audi Financial yet, but last time I checked (few weeks ago) I was in the Mid 700's. I recently graduated college and qualify for Audi's Grad program so I may use that. I wonder if that program is to be less restrictive when approving leases loans?

    Question:
    Hypothetically thinking, if I do not qualify for their top tier of credit, what sort of money factor would I be looking at. Are we talking $5-15/ month (based on a $540/monthly payment) or something like $30-50 more per month. I really don't want a co signer, so would just more money down help anything. Is there a chance they can deny me all together?

    How much can money factor change, based on credit?
  • Hi Zaruss: The S4 is an amazing car. I actually just picked mine up on Sunday. I couldn't be happier.

    Since I did a lot of research prior to purchasing (including lease options), I thought I would help provide some information for you.

    I actually didn't find the lease rates very attractive compared to Audi's competitors.

    Example (October's rates):
    For a 3-year lease @ 12k miles the residual is 58%. If you look at the 335i, the residual is 61%, on a $55k car for 36-months that is roughly $50 extra a month.

    I would also caution you there is a 4% penalty on the residual for lease the Prestige package over the Premium plus (roughly $100/month).

    The last 'pearl of wisdom' I have - many will agree, for numerous reasons, you should never put money down on a lease. On the S4, the minimum down was roughly $1600 (first month's payment and license) - some dealers tried to lump the dealers fee on top of that. Trust me I know, a large monthly payment isn't very appealing, especially when you have cash to put down on the car. You would be much better off, finding out there multiple security deposits (MSD) program. Basically you put your money towards security deposits that 'buy down' your Money Factor (lease interest rate) - you are then returned this money at the end of your lease.

    When I went in last weekend, my intention was to do the 36-month lease on a 2011 Premium Plus. They ended up having the exact car I wanted as a 2010, that they were eager to get rid of. With 1.9% financing for 60 months and a significant discount under invoice, it made sense to purchase over leasing.

    I hope that helps!

    Cheers,

    R :shades:
  • At a Audi dealer today I was given a quote on a 36 month lease for an S4 with about $2,500 down. My price was about $52,000 with monthly payments about $780 a month with one month free. He said that Audi currently wasn't giving the best lease deals. He indicated that a BMW 335XI with the same list price would cost about $200 a month less. Does this sound right?
  • In regard to the previous post i wish to clarify that the cash due on signing was for the first month's lease payment and for license fees etc. and the amoumt is 2,100 not 2,500.
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