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Audi S5 Lease Questions

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  • rndchefrndchef Posts: 1
    edited August 2012
    I am debating on pulling the trigger on a new lease.

    2013 S5 Premium Plus
    Manual trans
    19" wheels
    Navi
    Keyless ignition
    Bang Olfsen
    $1750 over invoice $55750

    I have to eat $2500 on my MBZ lease so I am wondering if I should just wait it out.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pcullen1. Audi Financial Services' August buy rate lease money factor and residual value for a 36-month lease of a 2013 S5 Coupe Premium with 10,000 miles per year are .00161 and 60%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 42-month lease are .00181 and 56%.

    The down payment on a lease can be whatever you want it to be. I always advise consumers to put as little money as possible down when leasing. This means making $0 capitalized cost reduction. I say this because consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome kulaso. You're right, on this expensive a car $30 per month really isn't that big a deal.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rndchef. I personally would wait until I was closer to the scheduled end of my current lease rather than eat $2,500. Of course I have to add the disclaimer that no one knows for certain what a manufacturers' future incentives programs will be like, but I doubt that you're risking missing out on some outrageous deal by not pulling the trigger right now. The deals on the 2013 models will likely remain the same or possibly get better as the model year progresses.

    Car_man
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  • Hi Car Man,
    Could you post the most recent Money Factor's and RV's for a 2013 S5 Coupe 36 month lease with 10K and 12K miles per year? Thanks!
  • Here you go intubator4. Audi Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2013 S5 Coupe Premium Plus with 12,000 miles per year are .00140 and 58%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 10,000 miles per year would be 1% higher.

    Car_man
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  • Hi Car_Man,

    Are there any changes to the lease rates for a 2013 S5 Premium Plus Coupe for November? Can you provide me with the MF and Residual on a 36 month lease @ 12k/year? Thanks in advance!
  • Hey ttsmith. Audi Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 S5 Coupe Premium Plus with 12,000 miles per year are .00122 and 57% for consumers who qualify for its top credit tier.

    Car_man
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  • Car Man...

    Looking at either the 2013 S4 or S5 (Leaning toward S4 for practicality but S5 is dream car).

    Dealership is offering:

    MSRP $59100 on S5 (with discount).
    $4000 cash to start, 15KPY, OAC
    35 payments $806.31, 41 payments $788.47 residuals 58% and 54% resp.
    $5000 cash to start, 15KPY, OAC
    35 payments $776.34, 41 paymets $762.42 residuals remain the same

    MSRP $55200 on S4
    $4000 cash to start, 15KPY, OAC
    35 payments $735.39, 41 payments $717.90 residuals 57% and 53% resp.
    $5000 cash to start, 15 KPY, OAC
    35 payments $690.88, 41 payments $692.20 residuals remain the same.

    ALL PAYMENTS INCLUDE SALES TAX.

    I had asked for the money factor, they did not provide.... Looking at comparable dealerships (BMW, Mercedes, etc) their lease rates seem REALLY high. Without the money down I can drive away in a new C350 (loaded) coupe for a much lesser payment...

    Regardless, my questions are:
    1. Would it be enough money to consider a 12k lease program (I have two other new vehicles I can drive to help keep miles down) to get the payment down and then suck the fees up at the end?
    2. Is this a fair price they're offering - or with 4k down is it feasible (on the S4) to get the payment under $700?

    Thanks in advance!
  • Hi xtreems. In my opinion, the S4 and S5 are great cars, but not great deals. The high-performance variants of VW and Audi products always seem to cost way too much to me.

    I personally would never lease something with a lower mileage allowance than I thought I needed. In the grand scheme of things, particularly on a vehicle that's $700 per month, the difference in price between 12,000 and 15,000 miles per year is not worth the aggravation of having to avoid driving your vehicle to keep the mileage down or having to pay a tremendous excess mileage fee at lease-end.

    $4,000 to $5,000 is way too much money to pay at lease signing. I always advise consumers to put as little money down as possible when leasing. Consumers who make large down payments on leases risk losing part or all of the money that they laid out if their vehicle is totaled in an accident or stolen and never recovered.

    While you have these cars' MSRPs, it would be much easier to evaluate these deals if you had their selling prices. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling prices it is much tougher to determine how large a dealer discount you are being given and in turn if there's any room let to negotiate.

    Let us know what the selling prices are and we'll tell you what we think.

    Car_man
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  • Thanks again for the information Car_Man.

    Here's the deal I got in case anyone is interested:

    MSRP: $61,920
    Selling Price: $57,990 (6% Audi Supplier Discount, + Free Audi Care)
    Residual: 58% (57% + 1% for AudiCare)
    MoneyFactor: 0.00050 (I put down 7 Security deposits to lower the money factor)
    Monthly Payment: $719 (With all fees rolled in)

    I put $0 down, and the dealer took care of the first month's payment, so all I had to pay out of pocket were my security deposits, which should come back to me at the end of the term.

    Hope this helps someone out there!
  • topgun7topgun7 Posts: 409
    Dorkulo,

    What s the maximum number of security deposits Audi allow for lease and how much reduction in money factor will each deposit provide? I have done security deposit with Lexus lease before but didn't know Audi allow that as well..
  • Here's the info on MSDs,

    AFS offers reduced Rent Charge Factors when more than one security deposit is collected on the same contract.
    Reduce the rent charge factor .00008 for each additional security deposit. Collect up to nine additional deposits over the initial required security deposit for a maximum of 10 total security deposits.

    You also can't reduce the money factor below 0.0005. I believe I was only able to max out at 7 or 8 security deposits. Definitely worth it though...ended up saving ~$100 a month,
  • I am looking to lease (36 months, 36k total miles) an Audi 2013 S5 cabriolet, premium plus, with nav, 19” wheels, B&O Sound and advanced key. Do you know the December money factor (top tier credit) and residual? A local dealer gave me 47% and .0008. While I like the .0008, I think the 47% is wrong.
  • Car Man
    Was wondering if you had the Dec 2012 residual value and money factor?

    I have an MSRP $58,770 with sale price offer of $55,735 in southern california.
  • Can you get me the lease payment for a 36 month and 42 month lease (10k) for the RS5 with just drive off? I would love to know what the residual and money factor are for this car and if adding the Audi service plan increases the residual value? The msrp is $80520. I currently own the S5 and believe there is a $1000 loyalty incentive. Also, would how much would multiple deposits help lower the payment?
  • Here you go wanna_s5 (appropriate name BTW :)). Audi Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 S5 Coupe Premium Plus with 15,000 miles per year are .00122 and 55% for consumers who qualify for its top credit tier.

    Car_man
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  • Hi seanabian. In order to give you an idea of what this car's lease payment would be like I need to know what sort of discount you have been able to negotiate on its selling price. I am not all that familiar with the market for the RS5 right now, but I can work up a couple of different scenarios for you.

    According to my calculations, if you were to lease a 2013 Audi RS5 that has an MSRP of $80,520 and a selling price of full MSRP through Audi Financial Services right now for 36-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $1,275. Wow.

    A $1,000 discount to the car's selling price would drop the payment to around $1,245.

    $2,000 discount: $1,216.

    $3,000 discount: $1,187.

    $4,000 discount: $1,157.

    Multiple security deposits would definitely help to lower your car's payments some. Each additional deposit would drop the money factor by .00008, probably around $10/month or so.

    Car_man
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    Car_man
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  • Sorry. Forgot to mention I'm looking at 36month.
    Once I get my numbers I'll post them here to see what you think.
    Thanks
  • Oops. I meant 12k miles/yr
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