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2014 Audi S4 Lease Questions

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Comments

  • kyfdxkyfdx Posts: 130,616

    Most of the "supplier discount" programs only get you 6% off on an Audi. Check the incentives tab above under "Car Research" to see if there are any extra incentives on your model. But, 7% off MSRP seems pretty good from what I've seen in the forums.

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    Edmunds Moderator

  • farazafaraza Posts: 30

    Just an update went to the dealership verified from two different dealers actually AFS is allowing dealers to lock in rates at the time of agreement... both dealers confirmed that in the event at the time of delivery the terms of lease are beneficial to the leasee than the terms can be updated however not vice versa if they are not.. will update once the car is delivered sounds like it will be in early april... Thanks kydx this forum certainly taught me a lot...

  • kyfdxkyfdx Posts: 130,616

    That's good to know about locking lease rates.. .thanks!

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    Edmunds Moderator

  • farazafaraza Posts: 30

    does anybody know what inception and assignment fees are?
    I know AFS charges 695 which I suspect is the assignment fee but dealer is charging a 1250 inception fee which I can't quiet understand

  • farazafaraza Posts: 30

    sorry one more question does any body know if audi has multiple security deposit program to lower the MF further?

  • kyfdxkyfdx Posts: 130,616

    Inception fees are a garbage term that dealers use to indicate the amount due at signing, in addition to the 1st payment and any down-payment.

    So, if your dealer is giving you an "estimate" of inception fees, then the $1250 should include the acquisition fee, dealer doc fee, title and license fees..

    If these are specific numbers, and inception fee is a $1250 line item, then I would be worried...

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    Edmunds Moderator

  • kyfdxkyfdx Posts: 130,616

    And, yes... Audi has an MSD program.

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    Edmunds Moderator

  • farazafaraza Posts: 30

    kyfdx how does the msd work? And what is the lowest money factor you can get down to?
    The only fees listed are the inception fees and assignment totaling 1945 so i guess thats ok

  • kyfdxkyfdx Posts: 130,616

    If the total fees are $1945, you want a breakdown of that amount.. I assumed the "inception fee" included the acquisition fee (acquisition fee is the term... not assignment). Dealers can hide a lot of crap in there, without a breakdown..

    I'm not certain of the Audi program.... At one time it was .00008 reduction for each deposit, up to a maximum of 8 deposits (.00064 total reduction). Each deposit is your payment rounded up to the next $50 increment..

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  • farazafaraza Posts: 30

    MSRP 51,095
    Sale Price 47,518
    Residual 55%
    36 month 12 k
    MF 0.00051
    5000 due at signing

    Cap reduction: 3812.88
    Cap reduction tax: 238.31
    Admin fee: 295
    Plate fee: 125
    1st payment: 528.81
    Acquisition fee 695

    Asked them they said it will be up to a max of 10 deposits each decreasing the MF by 0.00005.
    Thought the SA will get back to me on monday she wasn't sure what would it mean for me to switch from no security deposit lease ( I am not sure why this makes any difference to them since they are offering base MF to me any way)

    Do the above numbers look ok to you? They are without any buying down of the MF.

  • kyfdxkyfdx Posts: 130,616

    I get $489/mo. plus tax... Looks like the acquisition fee is rolled into the lease payment, not part of the upfront due at signing.

    The minimum money factor for AFS is .00005, so if the MSD program is, as stated, you could only do 9 MSDs, taking the rate to .00006. That would decrease your payment by about $32/mo, pre-tax.

    I'm not a fan of making cap cost reductions on leases. If you roll the $3812 into the lease, your payment goes up by $108/mo. pre-tax. I'd use the money that freed up to do the MSDs. Yes, your payment will be higher, but you'll be better protected in case of total loss to theft or accident, and overall, your cost will be the same (well.. less because of the MSDs)

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  • farazafaraza Posts: 30

    Thank you for reviewing the numbers. Is there a calculator that you use?

  • kyfdxkyfdx Posts: 130,616

    Just a simple excel spreadsheet... My 10-yr old helped me set it up about 10 years ago... lol

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    Edmunds Moderator

  • isles1isles1 Posts: 116
    edited February 2014

    @faraza said:
    Just an update went to the dealership verified from two different dealers actually AFS is allowing dealers to lock in rates at the time of agreement... both dealers confirmed that in the event at the time of delivery the terms of lease are beneficial to the leasee than the terms can be updated however not vice versa if they are not.. will update once the car is delivered sounds like it will be in early april... Thanks kydx this forum certainly taught me a lot...

    Yes. That is my experience too. And keep a look out for Lease Cash offers in March and April. I got a $750 check from my dealer after delivery for a Lease Cash program that was in effect, but not announced, at the time I took delivery in March 2013. Yes, I had to ask for the Lease Cash to be applied to my lease after the fact...props to my dealer (Audi of Smithtown) for doing it.

  • zjk91zjk91 Posts: 1

    hey @[email protected].com

    I am being offered 6% off INVOICE as a result of a corporate partnership with audi, and I am looking at a Premium Plus S4 with simply Nav added.

    what is the invoice price on that car? and what would the MF and residual be for leases this month

    Thanks in advance!

    -Z

  • kyfdxkyfdx Posts: 130,616

    @zjk91 said:
    hey [email protected]

    I am being offered 6% off INVOICE as a result of a corporate partnership with audi, and I am looking at a Premium Plus S4 with simply Nav added.

    what is the invoice price on that car? and what would the MF and residual be for leases this month

    Thanks in advance!

    -Z

    .00051 MF and 53% residual for 36mo, 15K/yr lease

    You can find invoice prices by clicking on the Car Research tab above, then choosing New Cars.

    I'd verify your price on the corporate partnership. My company has that, as well, and the price is 6% off of MSRP.

    Good luck!

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    Edmunds Moderator

  • farazafaraza Posts: 30

    @[email protected] said:
    Just a simple excel spreadsheet... My 10-yr old helped me set it up about 10 years ago... lol

    Thanks..lol.. Just did that.. is the 1 percent bump in residual still in effect with purchase of audicare ?
    Is that worth getting?

  • kyfdxkyfdx Posts: 130,616

    @faraza said:

    Yes... 1% higher residual for adding AudiCare. I think that makes it a bargain.

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    Edmunds Moderator

  • This is such a great forum. Thanks Edmunds.

    I am still having trouble figuring out the correct lease payments for a 2014 S4 I want. Can you calculate and let me know what you get?

    MSRP is $57,240 - I qualify for an Audi supplier discount (-6%) and Audi Loyalty Discount (-$1,000) new total is $52,805

    Looking at 36 months with 15k miles. I don't what to put anything down. Thoughts?

    Also, I am being told that the total due at signing would be $4,300 includes tax, tags, docs, fees etc. That seams really high with $0 down payment included. Would love some insight on those costs as well.

    Thank you so much

  • kyfdxkyfdx Posts: 130,616

    @robby28 said:
    This is such a great forum. Thanks Edmunds.

    I am still having trouble figuring out the correct lease payments for a 2014 S4 I want. Can you calculate and let me know what you get?

    MSRP is $57,240 - I qualify for an Audi supplier discount (-6%) and Audi Loyalty Discount (-$1,000) new total is $52,805

    Looking at 36 months with 15k miles. I don't what to put anything down. Thoughts?

    Also, I am being told that the total due at signing would be $4,300 includes tax, tags, docs, fees etc. That seams really high with $0 down payment included. Would love some insight on those costs as well.

    Thank you so much

    .00051 MF and 53% residual for the Premium Plus model, 36mo, 15K/yr.

    $4300 looks high to me, too, but a lot of that depends on how your state taxes leases. Is it an upfront state or a monthly payment state? Even in a state where they collect the tax upfront, you can still have them roll that amount into the CAP cost.

    At your quoted price and using the base rates, the payment would be approx. $666/mo. But, you are going to need a breakdown of that $4300. That's a big number to not know where it is allocated.

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    Edmunds Moderator

  • farazafaraza Posts: 30

    Trying to break out my excel sheet that kyfdx had me set up..lol.. this is without taxes, title and doc fee not sure if Acquisition Fee is already included in your gross cap cost.

    MSRP $57,240
    Base Cap Cost $52,805
    Acquisition Fee $695
    Audi Care $-
    Gross Capitalized Cost $53,500
    Cap Reduction $-
    Net Capitalized Cost $53,500
    Residual Value $30,337 (53%)
    Money Factor 0.00051
    Term of Lease 36
    Sales Tax -
    Depreciation $23,162.80
    Finance or Rent Charge $1,539.25
    Total of All Payments $24,702.05
    Monthly Lease Payment $686.17
    Sales Tax on Lease Payment $-
    Total Monthly Lease Payment $686.17

  • farazafaraza Posts: 30

    Another couple of things which I learned from this forum are the utility of multiple security deposits to buy down you money factor essentially for making a refundable deposit of 6750 you could reduce the rent charge by 1355 over the lease term. I don't know about you but about a 7% return on investment seems pretty good to me...lol.. of course if you can spare the additional cash.

    Secondly sounds like buying audi care will increase the residual by 1% ( this I am yet to verify from my dealer)

    MSRP $57,240

    Base Cap Cost $52,805

    Dealer Acquisition Fee $695

    Audi Care $880

    Gross Capitalized Cost $54,380

    Capitalized Cost Reductions

    Cap Reduction $-

    Net Capitalized Cost $54,380

    Residual Value $30,910 (54% ..1% bump due to audi care)

    Money Factor 0.00006
    (Multiple security deposits payment rounded to the next 25 so essentially 675*10 will drop the the money factor to 0.00006)

    Term of Lease 36

    Sales Tax 0.0%

    Depreciation $23,470.40

    Rent Charge $184.23

    Sales Tax on Lease $-

    Monthly Lease Payment $657.07

    Sales Tax on Lease Payment $-

    Total Monthly Lease Payment $657.07

  • wow! that is great info guys. Thank you very much. Especially on a weekend.

    I will ask my dealer for a break down of the total due at signing and share with the forum.

    Last question. I understand the MSDs but are they 100% refundable at the end of the lease? Just not clear on that.

  • MichaellMichaell ColoradoPosts: 124,377

    @robby28 said:
    Last question. I understand the MSDs but are they 100% refundable at the end of the lease? Just not clear on that.

    Yes they are.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Are MSDs in jeopardy if your car is stolen or totaled during the lease term?

  • MichaellMichaell ColoradoPosts: 124,377

    @robby28 said:
    Are MSDs in jeopardy if your car is stolen or totaled during the lease term?

    Nope - they are deposits, not down payment money.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • @[email protected]

    So here is the breakdown of my "due at signing costs" for a 2014 S4 - Dealer is in NJ

    MSRP is $57,240

    1st Monthly Payment
    $752 - from MSRP - un-negotiated
    License
    $371
    Vehicle Prep Fee
    $349
    Acquisition Fee
    $695
    NJ Sales Tax
    $2,039 - again from MSRP
    Suppl Titling Fee
    $224.96
    NJ Tire Tax
    $7.50
    Total due at signing - $4,439

    Obviously the vehicle prep fee is ridiculous. $350 to deliver a clean car. What other padding do you see?

    Thanks in advance

  • On an MSRP $54340 S4 with 0 capital reduction I was quoted $875/mo on a 24 mo term. Is that fair? Thanks

  • kyfdxkyfdx Posts: 130,616

    @robby28 said:
    [email protected]

    So here is the breakdown of my "due at signing costs" for a 2014 S4 - Dealer is in NJ

    MSRP is $57,240

    1st Monthly Payment
    $752 - from MSRP - un-negotiated
    License
    $371
    Vehicle Prep Fee
    $349
    Acquisition Fee
    $695
    NJ Sales Tax
    $2,039 - again from MSRP
    Suppl Titling Fee
    $224.96
    NJ Tire Tax
    $7.50
    Total due at signing - $4,439

    Obviously the vehicle prep fee is ridiculous. $350 to deliver a clean car. What other padding do you see?

    Thanks in advance

    While $349 is pure padding, it's a typical dealer fee for NJ... The rest of it look legit.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 130,616

    @USCmagnacumlaude said:
    On an MSRP $54340 S4 with 0 capital reduction I was quoted $875/mo on a 24 mo term. Is that fair? Thanks

    I don't know if it's fair, but the 36 month term would be a lot less...

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    Edmunds Moderator

  • farazafaraza Posts: 30

    @robby28 said:

    Don't think you are getting the base money factor only way I am getting the payment of 752 is with money factor of 0.00095 (with 7% tax).

    I would ask them the money factor offered as well.

    kyfdx do you agree?

  • kyfdxkyfdx Posts: 130,616

    I'm sorry.. I didn't run the calculations

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    Edmunds Moderator

  • kyfdx, could you please provide MF, residual for 36 Month 12k.yr lease? S4 Premium Plus

  • kyfdxkyfdx Posts: 130,616

    @awdofnothing said:
    kyfdx, could you please provide MF, residual for 36 Month 12k.yr lease? S4 Premium Plus

    .00051 MF and 55% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • One more question. Are there any incentives or conquest offers from Audi? I have a BMW 535 in trade.

  • @awdonothing

    My dealer in NJ is offering a $1,000 (competitive) conquest bonus for my BMW. There is also a loyalty conquest bonus if you currently own or lease a another Audi.

  • kyfdxkyfdx Posts: 130,616

    @awdofnothing said:
    One more question. Are there any incentives or conquest offers from Audi? I have a BMW 535 in trade.

    I don't have any incentive information..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • farazafaraza Posts: 30

    @robby28 said:

    did your dealer comment on the money factor sorry was just curious..

  • 14is414is4 Posts: 5

    kyfdx, do you have the MF and Residuals for a Premium Plus - 36 & 42 months both @ 10k miles/yr

  • kyfdxkyfdx Posts: 130,616

    @14is4 said:
    kyfdx, do you have the MF and Residuals for a Premium Plus - 36 & 42 months both @ 10k miles/yr

    .00051 MF and 56% for 36/10

    .00071 MF and 52% for 42/10

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    Edmunds Moderator

  • 14is414is4 Posts: 5

    @[email protected] said:
    .00051 MF and 56% for 36/10
    .00071 MF and 52% for 42/10

    Thanks!

  • robby28robby28 Posts: 15

    Don't want to jinx my deal but it looks like NJ audi dealers are lowering their prices dramatically to move cars. Jan/Feb have been difficult months in our area. will report back after I pick up my new S4 next week.

  • robby28robby28 Posts: 15
    FYI for the forum. I was able to secure a price $1,500 below invoice on a lease for a 2014 S4. I paid additional MSDs totaling $5600 dropping my payments by $43 per month or an additional $1500 over the life of the lease (36 months). I hinted earlier that the weather in the NE has put the dealerships well behind sales goals.

    Good luck
  • kyfdxkyfdx Posts: 130,616

    Congrats on the new ride!

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 2014s4guy2014s4guy Posts: 3
    edited March 2014

    @kyfdx - do you have current MF and residuals for a 2014 Premium Plus for 3/36k lease? Thanks!

  • MichaellMichaell ColoradoPosts: 124,377

    @2014s4guy said:
    kyfdx - do you have current MF and residuals for a 2014 Premium Plus for 3/36k lease?

    Thanks!

    S4 Premium Plus - 53% and .00155

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Wow, big jump in MF. Thank you.

  • kyfdxkyfdx Posts: 130,616

    @2014s4guy said:
    Wow, big jump in MF. Thank you.

    Typos... sorry...

    .00051 MF and 55% for 36mo, 12K/yr.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thanks for the update. Dealer is telling me residual is 53%; I'll hold firm for 55%.

  • kyfdxkyfdx Posts: 130,616

    @2014s4guy said:
    Thanks for the update. Dealer is telling me residual is 53%; I'll hold firm for 55%.

    The S4 Prestige model has a 53% residual for 36mo, 12K/yr.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

This discussion has been closed.