2016 Audi S3 Lease Questions

kyfdx

jdiz3 said:

I was told that I can lock in the current rate, but if the rate is better when the car arrives, I can get the better rate. Audi Loyalty incentive will be based upon the current offer when the car arrives. Also, the residual could change. kinda nerve racking.

Usually, you can either lock the lease program, or you can't.

So, money factor and residual are locked, or they aren't. If they have to use the residual for the new program, then you can be certain they will have to use the money factor that goes along with it.

I've never heard that Audi lets you lock in a program (like BMW), but maybe they can. Over three months to get an ordered car? Shewwww... that's a long time.

jdiz3

It is a long time.  I confirmed and then reconfirmed that the lease term I accepted will be the worst case scenario.  Meaning if the rates and residual are better when the car arrives, I will get the better deal, if the current lease program is worse when the car arrives, then I get the lease program that I was offered originally. 

kyfdx

jdiz3 said:

It is a long time.  I confirmed and then reconfirmed that the lease term I accepted will be the worst case scenario.  Meaning if the rates and residual are better when the car arrives, I will get the better deal, if the current lease program is worse when the car arrives, then I get the lease program that I was offered originally. 

That's great.. but, I think the whole program has to be taken. They won't let you pick MF from one program and residual from another. But, as long as you can pick the program, you are covered.

Check back when it shows up and let us know how it goes.

jdiz3

Exactly.  I will get to choose the better program of the two.  And yes, the mf and resid are not interchangeable. Will definitely keep everyone posted. 

icon5585

Any changes for MF/Res in Nov for S3 PP 36mo/12k?

Michaell

icon5585 said:

Any changes for MF/Res in Nov for S3 PP 36mo/12k?

No changes - yet - for November.

.00091 and 57%

kyfdx

icon5585 said:

Any changes for MF/Res in Nov for S3 PP 36mo/12k?

.00091 MF and 57% residual.

nickben

jdiz3 said:

so I got my .000911 mf, I got my 10% off msrp. I have to order the car, car wont be here till February. Am I correct in my understanding that everything could change when the car actually arrives?

Any tips on getting 10% off MSRP? This was for a 2016? My local dealership is offering 6% standard, I suspect I could get 7-8% off, but we will see. I am coming from BMW too, but unfortunately no incentives on S3 for making the switch to Audi. Thanks!

jdiz3

I just asked for it.   I guess it was a mixture between my persistence and the dealers willingness at that particular time.  This is also my second car from this Audi dealership.  

jdiz3

2016 prem+.  Won't be delivered till February.  

nickben

So here is the offer from one dealer - I have another dealer who's going to try and beat it...will keep you guys posted.

2016 Audi S3 Premium Plus - 36 month lease / 7.5K miles
Monsoon Grey Metallic
Black Optic Package
Red Brake Calipers
Total MSRP - $45,475
Negotiated Sale Price - $41,377
Money Factor: .00091
Residual: 59%

Equity on trade-in - $2,000 (used as Cap Cost reduction)

Monthly Payment: $416.70 + $41.67 Tax = $458.36 total monthly payment

How does this look?

nyccarguy

Don't use that $2,000 equity as a cap cost reduction

Michaell

nickben said:

So here is the offer from one dealer - I have another dealer who's going to try and beat it...will keep you guys posted.

2016 Audi S3 Premium Plus - 36 month lease / 7.5K miles
Monsoon Grey Metallic
Black Optic Package
Red Brake Calipers
Total MSRP - $45,475
Negotiated Sale Price - $41,377
Money Factor: .00091
Residual: 59%

Equity on trade-in - $2,000 (used as Cap Cost reduction)

Monthly Payment: $416.70 + $41.67 Tax = $458.36 total monthly payment

How does this look?

I confirm the .00091 MF and 59% residual.

nyccarguy said:

Don't use that $2,000 equity as a cap cost reduction

I agree - but, there are other up front costs you will be responsible for (bank fee, dealer fee, first payment) - might as well use the trade equity for that, instead.

As is, I get a payment of $466.14/mo + tax with $0 down

redwing497

Any word on MF, residuals, and incentives for December 2015. In the NY/NJ area and looking for 36/12k. Thanks!

EDIT: This is for the Premium Plus

Michaell

redwing497 said:

Any word on MF, residuals, and incentives for December 2015. In the NY/NJ area and looking for 36/12k. Thanks!

EDIT: This is for the Premium Plus

.00091 and 57%

redwing497

Michaell said:

redwing497 said:

Any word on MF, residuals, and incentives for December 2015. In the NY/NJ area and looking for 36/12k. Thanks!

EDIT: This is for the Premium Plus

.00091 and 57%

Thanks, Michaell. So no holiday incentives for new Audi customers, huh?

Michaell

redwing497 said:

Michaell said:

redwing497 said:

Any word on MF, residuals, and incentives for December 2015. In the NY/NJ area and looking for 36/12k. Thanks!

EDIT: This is for the Premium Plus

.00091 and 57%

Thanks, Michaell. So no holiday incentives for new Audi customers, huh?

None that I'm aware of. Doesn't mean they don't exist.

marcr92

Can anyone update the forum on the current program for the 2016 S3 Prestige? 7,500 miles/yr, 39 month term I believe is the best program right now. Thanks in advance.

Michaell

marcr92 said:

Can anyone update the forum on the current program for the 2016 S3 Prestige? 7,500 miles/yr, 39 month term I believe is the best program right now. Thanks in advance.

36 months is better ... .00091 and 56% for 36/7.5

nedturner

Would anyone know the MF, residuals, and incentives for December 2015 on both the A3 Premium 1.3 and the A3 Premium 2.0 ? In Georgia. What's the maximum % off MSRP someone can expect to get right now?

Thanks for the info.

nedturner

sorry, meant "1.8" not "1.3"

nedturner

Looking for 36/12K on a 2016 model for either

Michaell

nedturner said:

Would anyone know the MF, residuals, and incentives for December 2015 on both the A3 Premium 1.3 and the A3 Premium 2.0 ? In Georgia. What's the maximum % off MSRP someone can expect to get right now?

Thanks for the info.

nedturner said:

sorry, meant "1.8" not "1.3"

nedturner said:

Looking for 36/12K on a 2016 model for either

1.8T Premium - .00068 and 57%
2.0T Premium - .00089 and 59%

nedturner

Thanks for those!

culbyg7

December mf and residual for 2016 Audi S3 premium + and A3 premium 2.0 36/10 and 36/12.
Thanks,
Scott

kyfdx

culbyg7 said:

December mf and residual for 2016 Audi S3 premium + and A3 premium 2.0 36/10 and 36/12.
Thanks,
Scott

S3: .00091 MF and 58%/57% residual
A3: .00089 MF and 60%/59% residual

jaxart

I know dealers monkey around with MF all the time but aren't the residuals non negotiable. I've been told the MF is anywhere from .00091 to .002 and the residual for 36/10k is 53 or 55. Just doesn't seem right

Does anyone know for sure what the MF and residual is for 2016 S3 Prem Plus 36/10k and 36/12k in Florida
Thanks,
Art

kyfdx

jaxart said:

I know dealers monkey around with MF all the time but aren't the residuals non negotiable. I've been told the MF is anywhere from .00091 to .002 and the residual for 36/10k is 53 or 55. Just doesn't seem right

Does anyone know for sure what the MF and residual is for 2016 S3 Prem Plus 36/10k and 36/12k in Florida
Thanks,
Art

Prestige and Premium Plus have different residuals, so even though you are looking for Premium Plus, a dealer might quote a Prestige unit, since that's what they have in inventory.
Also, the "base" residual quote is for 15K/yr, so some dealers may be quoting that.

Premium Plus residual is 58%/57% for 10K/12K, 36 months
Prestige residual is 55%/54% for 10K/12K, 36 months.

Base MF is .00091 for either model.

jaxart

Is the mf and residual the same for 39/10k and 39/12k for a Premium Plus - meant to ask in the last post

Thanks

jaxart

And how long is this mf good for - does Audi change them monthly?

Michaell

jaxart said:

Is the mf and residual the same for 39/10k and 39/12k for a Premium Plus - meant to ask in the last post

Thanks

Subtract 2% from the residual and add .00020 to the MF for 39 months.

jaxart said:

And how long is this mf good for - does Audi change them monthly?

Current Audi numbers are set to expire on 1/4/16

jaxart

Are the new numbers out for January?

2016 S3 premium plus

36mth 12k
39mth 12k

Thanks and Happy New Year

kyfdx

jaxart said:

Are the new numbers out for January?

2016 S3 premium plus

36mth 12k
39mth 12k

Thanks and Happy New Year

.00073 MF and 56% residual
.00093 MF and 54% residual

jdiz3

Anyone know the current loyalty bonus?

Michaell

jdiz3 said:

Anyone know the current loyalty bonus?

Nope .. use the 'Car Research' tab at the top of the page to link to current customer incentives.

germancarz

These are the numbers I just got from the local Audi dealer for a 2016 Audi S3 Premium Plus.

There is a $3k roll over from a car I am trading in and trying to get out of. These numbers were before me telling him I would put enough toward the lease to offset the rollover.

But other than that, I feel like the MF (.00227) is high for a 48/10k lease. The 51% residual seems fine though. And I I can't read what the label is for the $1,108 number on there, because this picture was sent to me.

Can any of you guys provide some insight on these numbers? Also, when I was doing some estimating with the lease calculator on Audi.com, the numbers were WAY different, is that normal? And can Audi dealerships do the 7,500mi lease since it is offered by Audi? I drive <5k miles a year.

Quick note, no credit history was pulled for these numbers.

Michaell

germancarz said:

These are the numbers I just got from the local Audi dealer for a 2016 Audi S3 Premium Plus.

There is a $3k roll over from a car I am trading in and trying to get out of. These numbers were before me telling him I would put enough toward the lease to offset the rollover.

But other than that, I feel like the MF (.00227) is high for a 48/10k lease. The 51% residual seems fine though. And I I can't read what the label is for the $1,108 number on there, because this picture was sent to me.

Can any of you guys provide some insight on these numbers? Also, when I was doing some estimating with the lease calculator on Audi.com, the numbers were WAY different, is that normal? And can Audi dealerships do the 7,500mi lease since it is offered by Audi? I drive

48 months is not a real good lease term for Audi .. the 36 month MF is .00073, and the 36/10 residual for S3 Prem + is 57%.

Using the MSRP and net cap cost from your deal sheet, I get a payment of $736/mo with 6% tax included for 36 months.

I'm guessing the $1108 are fees that are being added into the cap cost (dealer fee, etc.).

If you back out the $3000 of negative equity from the cap cost, the payment comes down about $80-90/mo for 36 months.

germancarz

Thanks for the fast reply! I really appreciate it. I figured the $1108 was extra fees of some sort.

What's the sweet spot right now for lowest payment? 39/7.5k?

Michaell

germancarz said:

Thanks for the fast reply! I really appreciate it. I figured the $1108 was extra fees of some sort.

What's the sweet spot right now for lowest payment? 39/7.5k?

MF for lease terms 36 months and shorter are .00020 less than the MF for terms 39 months and longer.

36/7.5 would be your sweet spot.

germancarz

Awesome thanks! So that should be MF .00073 and 59% residual? or is 10k to 7.5k only 1% difference?

Michaell

germancarz said:

Awesome thanks! So that should be MF .00073 and 59% residual? or is 10k to 7.5k only 1% difference?

1% delta on the residual between 10K and 7.5K, or 58%

lanameras

What date do January's rate expire? I know sometimes it spills into the first couple days of the next month. Thanks.

Michaell

lanameras said:

What date do January's rate expire? I know sometimes it spills into the first couple days of the next month. Thanks.

The current Audi numbers we have are set to expire on 31 March 2016. However, it's possible that Audi will release updates to the lease numbers next month.

happyphunn

Looking for numbers and incentives in Ohio for 15k miles and either 36/39 months. Thanks! 

kyfdx

happyphunn said:

Looking for numbers and incentives in Ohio for 15k miles and either 36/39 months. Thanks! 

.00073 MF and 54%/51% residual for Premium Plus/Prestige for 36mo, 15K/yr

blackknight4

Do 2015 s3's still on the lot have the same money factors and residuals as 2016? Can you tell me the money factor and residual on new 2015 s3 36 months/12k a year? thank you

Michaell

blackknight4 said:

Do 2015 s3's still on the lot have the same money factors and residuals as 2016? Can you tell me the money factor and residual on new 2015 s3 36 months/12k a year? thank you

.00145 MF, but no residual info on the 2015's

exj5000

Looking for the the residual and MF on 2016 A3 and S3, both Prestige in CA. 36mo/10k
Thanks,

Michaell

exj5000 said:

Looking for the the residual and MF on 2016 A3 and S3, both Prestige in CA. 36mo/10k
Thanks,

A3 2.0T Quattro Prestige 36/10 - .00109 and 54%
S3 Prestige 36/10 - .00073 and 54%

gotshotgun

I'm locking down a deal on an S3 after the VW guys would not budge on a $3k markup on one of their 15 Golf Rs on the lot. LOL.

Im in the home stretch but I know the Audi dealers are raising the MF on me, even though they are playing dumb. Can you confirm my pretax payment please.

MSRP: $45075
Cap Cost: $42058.62
MF: .00073
Residual: 57%

36 month/10k miles.

Do you get $518.22?

Thanks!