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2015 Audi S3 Lease Questions

eddie_yvpeddie_yvp Member Posts: 27
edited May 2015 in Audi
To research local dealer inventory and pricing, reviews, features, and specifications, please visit Edmunds 2015 Audi S3 page.

Looking for residual and MF for 2015 S3 Premium Plus in Washington DC area (Northern Virginia). Thanks in advance.
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    eddie_yvpeddie_yvp Member Posts: 27
    ^ Sorry - forgot to mention - either 10K or 12K miles per year. Thanks
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    kyfdxkyfdx Moderator Posts: 238,939
    eddie_yvp said:

    Looking for residual and MF for 2015 S3 Premium Plus in Washington DC area (Northern Virginia). Thanks in advance.

    eddie_yvp said:

    ^ Sorry - forgot to mention - either 10K or 12K miles per year. Thanks

    .00155 MF and 58%/57% residual for 36 months.

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    eddie_yvpeddie_yvp Member Posts: 27
    What about the MF and residual for a 4 year lease at 10K miles per year? Thanks again.
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    MichaellMichaell Moderator Posts: 242,659
    eddie_yvp said:

    What about the MF and residual for a 4 year lease at 10K miles per year? Thanks again.

    S3 premium plus 48/10 is .00175 and 51%

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    eddie_yvpeddie_yvp Member Posts: 27
    Michaell said:

    eddie_yvp said:

    What about the MF and residual for a 4 year lease at 10K miles per year? Thanks again.

    S3 premium plus 48/10 is .00175 and 51%

    I know it's not unsual for the dealer to be quoting a higher money factor but is it unusual that they are quoting a 52% residual for 48 months and 59% for 36 months (both at 10K miles per year)?

    Thanks again.
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    kyfdxkyfdx Moderator Posts: 238,939
    eddie_yvp said:

    Michaell said:

    eddie_yvp said:

    What about the MF and residual for a 4 year lease at 10K miles per year? Thanks again.

    S3 premium plus 48/10 is .00175 and 51%

    I know it's not unsual for the dealer to be quoting a higher money factor but is it unusual that they are quoting a 52% residual for 48 months and 59% for 36 months (both at 10K miles per year)?

    Thanks again.
    Purchasing AudiCare adds 1% to the residual, so maybe that's it?

    Also, that .00175 MF is only good up to 42 months.... 48 month leases use the standard money factor.

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    eddie_yvpeddie_yvp Member Posts: 27
    kyfdx said:

    eddie_yvp said:

    Michaell said:

    eddie_yvp said:

    What about the MF and residual for a 4 year lease at 10K miles per year? Thanks again.

    S3 premium plus 48/10 is .00175 and 51%

    I know it's not unsual for the dealer to be quoting a higher money factor but is it unusual that they are quoting a 52% residual for 48 months and 59% for 36 months (both at 10K miles per year)?

    Thanks again.
    Purchasing AudiCare adds 1% to the residual, so maybe that's it?

    Also, that .00175 MF is only good up to 42 months.... 48 month leases use the standard money factor.
    Ah yes - I was looking at the AudiCare, so that would explain it. Thanks again.
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    emmazeus1emmazeus1 Member Posts: 2
    What about residual and MF in Washington DC area (Maryland) for 36 months, 15K miles per year? Thanks.
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    MichaellMichaell Moderator Posts: 242,659
    emmazeus1 said:

    What about residual and MF in Washington DC area (Maryland) for 36 months, 15K miles per year? Thanks.

    What trim level?

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    kyfdxkyfdx Moderator Posts: 238,939
    emmazeus1 said:

    What about residual and MF in Washington DC area (Maryland) for 36 months, 15K miles per year? Thanks.


    .00167 MF and 57% residual for Premium Plus.. 55% for Prestige.

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    rayainswrayainsw Member Posts: 3,192
    Is this still the case - for 10K and 12K miles / year?
    '.00155 MF and 58%/57% residual for 36 months. '
    Prem+
    Thanks!
    = Ray
    Nice car, not as nice lease terms as comparable BMW .....
    2022 X3 M40i
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    MichaellMichaell Moderator Posts: 242,659
    rayainsw said:

    Is this still the case - for 10K and 12K miles / year?
    '.00155 MF and 58%/57% residual for 36 months. '
    Prem+
    Thanks!
    = Ray
    Nice car, not as nice lease terms as comparable BMW .....

    Nope, the numbers have changed for October...

    S3 Premium Plus - .00167 and 59%/60% for 36/12 and 36/10.

    Audi doesn't provide as much support on their leases as BMW does.

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    rayainswrayainsw Member Posts: 3,192
    I see - thank you, Michaell!
    2022 X3 M40i
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    MichaellMichaell Moderator Posts: 242,659
    rayainsw said:

    I see - thank you, Michaell!

    FYI, I too like the S3. Someday....

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    lordmaul519lordmaul519 Member Posts: 10
    In the Los Angeles/Orange County area, what's the residual and MF for a premium plus S3 for 36 mos and 10K? How about for 12K?
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    kyfdxkyfdx Moderator Posts: 238,939

    In the Los Angeles/Orange County area, what's the residual and MF for a premium plus S3 for 36 mos and 10K? How about for 12K?


    .00167 MF and 60%/59% residual.

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    emmazeus1emmazeus1 Member Posts: 2
    kyfdx said:

    emmazeus1 said:

    What about residual and MF in Washington DC area (Maryland) for 36 months, 15K miles per year? Thanks.


    .00167 MF and 57% residual for Premium Plus.. 55% for Prestige.
    Is MF and residual for S3 Prestige still the same for November? Does Audi Care add an additional 1% to residual? Are rates you are quoting from Audi?
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    kyfdxkyfdx Moderator Posts: 238,939
    emmazeus1 said:

    kyfdx said:

    emmazeus1 said:

    What about residual and MF in Washington DC area (Maryland) for 36 months, 15K miles per year? Thanks.


    .00167 MF and 57% residual for Premium Plus.. 55% for Prestige.
    Is MF and residual for S3 Prestige still the same for November? Does Audi Care add an additional 1% to residual? Are rates you are quoting from Audi?

    Numbers are the same... yes, AudiCare adds 1% to the residual. Yes, numbers are from Audi.

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    kstarr719kstarr719 Member Posts: 15
    Could you please tell me the residual and MF for a premium plus and a prestige, both @ 10k miles and 24/36 months. Also, is there anything that adds or detracts from the residual for both trims? Thank you so much!
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    MichaellMichaell Moderator Posts: 242,659
    kstarr719 said:

    Could you please tell me the residual and MF for a premium plus and a prestige, both @ 10k miles and 24/36 months. Also, is there anything that adds or detracts from the residual for both trims? Thank you so much!

    Prem + - 67% or 60%

    Prestige - 65% or 58%

    .00167 MF for both. AudiCare adds 1% to the residual.

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    Blackace237Blackace237 Member Posts: 4
    edited December 2014
    Hello. Just checking in since it's December now. Do you have MF and residuals for a Premium Plus S3, 12k and 15k miles options?

    In terms of time frame, I'm unsettled on that. 24 would be the shortest, and 42 would probably be the longest, unless there are better rates for one of the more uncommon timeframes.

    Advice appreciated. I haven't leased in years, and typically purchase, but this is just a commuter car for my wife, so we are considering a lease again--particularly because this is a new, untested model.
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    MichaellMichaell Moderator Posts: 242,659

    Hello. Just checking in since it's December now. Do you have MF and residuals for a Premium Plus S3, 12k and 15k miles options?

    In terms of time frame, I'm unsettled on that. 24 would be the shortest, and 42 would probably be the longest, unless there are better rates for one of the more uncommon timeframes.

    Advice appreciated. I haven't leased in years, and typically purchase, but this is just a commuter car for my wife, so we are considering a lease again--particularly because this is a new, untested model.

    The numbers for Audi are good through 1/2/15 - .00167 and 57% for 36/15. Anything longer increases the MF to .00187.

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    Blackace237Blackace237 Member Posts: 4
    Thank you!
    Michaell said:


    The numbers for Audi are good through 1/2/15 - .00167 and 57% for 36/15. Anything longer increases the MF to .00187.

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    edtejedaedtejeda Member Posts: 1
    Hi I would like to know the residual value and MF on the 2015 premium s3 here in southern California. 36 months 10k and 12k
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    kyfdxkyfdx Moderator Posts: 238,939
    edtejeda said:

    Hi I would like to know the residual value and MF on the 2015 premium s3 here in southern California. 36 months 10k and 12k


    .00167 MF and 60%/59% residual for Premium Plus.

    Subtract 2% for Prestige

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    mojoe18mojoe18 Member Posts: 1
    Looking for residual and MF for 36/15k and 48/15k 2015 S3 Premium Plus in Westchester, NY area. Thanks in advance!
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    MichaellMichaell Moderator Posts: 242,659
    mojoe18 said:

    Looking for residual and MF for 36/15k and 48/15k 2015 S3 Premium Plus in Westchester, NY area. Thanks in advance!

    .00167 and 57% for 36/15

    .00187 and 50% for 48/15

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    mmlugarmmlugar Member Posts: 2
    Recently got this quoted on a 2015 S3 Premium Plus with several option packages -- this is in New England area

    MSRP: $50,400
    Negotiated price: 47,380
    Net Cap Cost (down payment offset by acquisition, dealer fees,etc) - $47,218
    36 months, 12,000 miles
    Money Factor: .00190
    Residual: $29,736
    Mo Payment (before tax): $632.24

    Is that the best they can do? Money factor seems elevated to me.
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    MichaellMichaell Moderator Posts: 242,659
    mmlugar said:

    Recently got this quoted on a 2015 S3 Premium Plus with several option packages -- this is in New England area

    MSRP: $50,400
    Negotiated price: 47,380
    Net Cap Cost (down payment offset by acquisition, dealer fees,etc) - $47,218
    36 months, 12,000 miles
    Money Factor: .00190
    Residual: $29,736
    Mo Payment (before tax): $632.24

    Is that the best they can do? Money factor seems elevated to me.

    You don't mention the lease term .. base MF is either .00167 (up to 36 months) or .00187 (longer than 36 months).

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    mmlugarmmlugar Member Posts: 2
    it is a 36 month lease. I should assume based on your comment then that the money factor the dealer is quoting me is higher than it should be, yes? Thanks.
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    MichaellMichaell Moderator Posts: 242,659
    mmlugar said:

    it is a 36 month lease. I should assume based on your comment then that the money factor the dealer is quoting me is higher than it should be, yes? Thanks.

    mmlugar said:

    it is a 36 month lease. I should assume based on your comment then that the money factor the dealer is quoting me is higher than it should be, yes? Thanks.

    Correct - the dealer is allowed to mark up the MF for extra profit.

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    mtruismmtruism Member Posts: 5
    Hello, would you mind providing the MF and residual for an S3, premium plus/prestige for 42 and 48 month leases with 10k and 12k miles/year? Thanks so much -- trying to work out a deal before the new year!
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    kyfdxkyfdx Moderator Posts: 238,939
    mtruism said:

    Hello, would you mind providing the MF and residual for an S3, premium plus/prestige for 42 and 48 month leases with 10k and 12k miles/year? Thanks so much -- trying to work out a deal before the new year!


    .00187 MF and 56%/55% residual for 42/10.

    Standard MF and 53%/52% residual for 48/10


    Subtract 2% from above numbers for Prestige

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    echostar119echostar119 Member Posts: 5
    Hello! Now that the holidays are over, I was wondering if I could get some help. Does anyone know the MF and residual for an S3 in Southern California? 10k/36 months.

    Also is there a difference in MF and residual in Northern California?

    Thank you!
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    MichaellMichaell Moderator Posts: 242,659

    Hello! Now that the holidays are over, I was wondering if I could get some help. Does anyone know the MF and residual for an S3 in Southern California? 10k/36 months.

    Also is there a difference in MF and residual in Northern California?

    Thank you!

    We hope to get the new Audi numbers sometime next week....

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    echostar119echostar119 Member Posts: 5
    Michaell said:

    Hello! Now that the holidays are over, I was wondering if I could get some help. Does anyone know the MF and residual for an S3 in Southern California? 10k/36 months.

    Also is there a difference in MF and residual in Northern California?

    Thank you!

    We hope to get the new Audi numbers sometime next week....
    Thanks for your help Michaell, I really appreciate it. Let's hope the new numbers get in soon!


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    echostar119echostar119 Member Posts: 5
    Michaell said:

    Hello! Now that the holidays are over, I was wondering if I could get some help. Does anyone know the MF and residual for an S3 in Southern California? 10k/36 months.

    Also is there a difference in MF and residual in Northern California?

    Thank you!

    We hope to get the new Audi numbers sometime next week....
    Hey Mitchell! Any update on S3 numbers? Thanks!
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    kyfdxkyfdx Moderator Posts: 238,939

    Hello! Now that the holidays are over, I was wondering if I could get some help. Does anyone know the MF and residual for an S3 in Southern California? 10k/36 months.

    Also is there a difference in MF and residual in Northern California?

    Thank you!


    Premium Plus model is .00102 MF and 58% residual.

    Numbers are nationwide

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    bijibo23bijibo23 Member Posts: 15
    Can you please provide the residual and MF for the following S3 scenario:

    36/7.5k premium plus

    Thank you!
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    kyfdxkyfdx Moderator Posts: 238,939
    bijibo23 said:

    Can you please provide the residual and MF for the following S3 scenario:

    36/7.5k premium plus

    Thank you!


    .00102 MF and 59% residual

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    waynerodwaynerod Member Posts: 1
    Hello everyone! My first comment/question...

    Test drove the S3 today in Southern California, I was shopping for a 36 month lease and 12K miles per year. Model was the premium plus w performance package (not sure if that matters?)

    What should MF and residual be?

    Dealer quoted 57% and a .00142 MF. Does that sound about right?

    Thanks sincerely!
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    MichaellMichaell Moderator Posts: 242,659
    waynerod said:

    Hello everyone! My first comment/question...

    Test drove the S3 today in Southern California, I was shopping for a 36 month lease and 12K miles per year. Model was the premium plus w performance package (not sure if that matters?)

    What should MF and residual be?

    Dealer quoted 57% and a .00142 MF. Does that sound about right?

    Thanks sincerely!

    S3 Premium Plus for 36/12 - .00102 and 57%. Dealer is marking up the MF for extra profit (which they are allowed to do).

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    bmwdreamer83bmwdreamer83 Member Posts: 31
    Looking to lease a 2015 Audi S3 Prestige in the Los Angeles area. What should the MF and residual be on a 36mo/10K and 36mo/7.5k lease?
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    MichaellMichaell Moderator Posts: 242,659

    Looking to lease a 2015 Audi S3 Prestige in the Los Angeles area. What should the MF and residual be on a 36mo/10K and 36mo/7.5k lease?

    .00102 and 56% / 57%

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    bmwdreamer83bmwdreamer83 Member Posts: 31
    How much below MSRP or above invoice can I hope to get on a 2015 Audi S3?
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    kyfdxkyfdx Moderator Posts: 238,939

    How much below MSRP or above invoice can I hope to get on a 2015 Audi S3?


    Generally, 6% off MSRP is good for Audi, aside from any possible incentives.

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    bmwdreamer83bmwdreamer83 Member Posts: 31
    Why is the residual on an Audi so poor compared to BMW or Lexus? Comparable cars carry 63% or 65% instead of 56%.
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    MichaellMichaell Moderator Posts: 242,659

    Why is the residual on an Audi so poor compared to BMW or Lexus? Comparable cars carry 63% or 65% instead of 56%.

    Audi does not inflate their residuals to make the lease payments more attractive.

    Very rarely is the actual value of a BMW or Lexus close to the residual value at the end of a lease; this is deliberate to get you into the next lease.

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    wilsons6wilsons6 Member Posts: 6
    I don't feel like that BMW raises their residuals to be exactly true. If you look at the current lease offer on BMW's website for a 335i it's MSRP is 51,400. The Purchase option at end of the lease is 32,382 which would put the residual at 63%. It's a 10k per year and 39 months. When looking around online 2012 335i's (2012 MY because 39 months in the past would put us at Nov 2011) seem to retail at around the 32k mark.

    Of course that's just an example and from what I've read kyfdx really knows his stuff! I've learned a lot about leasing just from lurking on this forum.
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    MichaellMichaell Moderator Posts: 242,659
    wilsons6 said:

    I don't feel like that BMW raises their residuals to be exactly true. If you look at the current lease offer on BMW's website for a 335i it's MSRP is 51,400. The Purchase option at end of the lease is 32,382 which would put the residual at 63%. It's a 10k per year and 39 months. When looking around online 2012 335i's (2012 MY because 39 months in the past would put us at Nov 2011) seem to retail at around the 32k mark.

    Of course that's just an example and from what I've read kyfdx really knows his stuff! I've learned a lot about leasing just from lurking on this forum.

    Agreed - my co-host is more knowledgeable with this ... he's leased premium cars in the past and knows their programs pretty well.

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