Hi. Thanks for all the lease info you give us! It's extremely helpful.
I'm looking to order a 2016 S3 Prem + for 36mths at 10K miles per year.
From what you've posted so far I get a residual of 59%, and MF of .00139. If I add Audi-care the residual goes up by 1%, thus on my lease it would be 60%.
I ran the numbers and by adding Audi-care the monthly actually dropped by nearly $3. So it seems that if one leases, then get Audi-care because even though it costs about $820-$850 more, the lease payment will actually go down, so it pays for itself literally because your monthly is less and then you don't have to pay for oil changes or other maintenance items.
What I find interesting though is that the MF is so high even though residuals are higher as well. Using the 2015 lease numbers the monthly payment would have been about $15 lower than with the 2016 lease numbers. Granted it's not much, but it is higher.
I will likely do the MSD as I did with my last 2 BMW leases. BMW does 7 maximum deposits for a total reduction of .00049 off the MF. Audi is not so generous as you have to do 9 deposits in order to get .00045 off of the MF. BMW leases seem to be the best in the business. I will be paying about $50 more per month to lease an S3 with an MSRP of $45,145 compared to a 2016 BMW 340i with an MSRP of nearly $51K. That's a big difference in MSRP and the higher priced BMW will actually have a LOWER monthly payment by about $50. Audi needs to do better with their leasing numbers if they want to be more competitive. I'd love to get a "competitor conquest" incentive around at least $1000 as it would go a good way towards closely the big gap in monthly payment for cars that look like they cost less, but for leases they don't.
Also, for 2016 the base price for the S3 has gone up as it looks like Audi added the "Drivers assistance package", which was a $1400 option for 2015 models. Those items are not added to the standard items for the Premium Plus S3. The base price is now the same as the base 2015 S3 with that package added. Rearview backup cameras will be required in US cars by 2017 I believe. Seems Audi has passed that cost onto it's customers, and at a premium price I must say. If I had the option to not add it, like for the 2015 model, I would not add it as I don't need it. So for people like me the 2016 is really a $1400 price increase.
Also, the B&O audio system, which is fantastic BTW, was an $850 option in 2015 and for 2016 it went up to $950. Same system but $100 higher price for 2016.
The one item that is an added cost option is "Homelink". It costs $295. Seems kinda high for a premium automobile that comes with leather seating areas standard, yet it's nearly $300 just to have a builtin button to be able to open a garage door.
Thanks again for your leasing information. Please correct me if I have the numbers wrong or if they change.
Hi. Thanks for all the lease info you give us! It's extremely helpful.
I'm looking to order a 2016 S3 Prem + for 36mths at 10K miles per year.
From what you've posted so far I get a residual of 59%, and MF of .00139. If I add Audi-care the residual goes up by 1%, thus on my lease it would be 60%.
I ran the numbers and by adding Audi-care the monthly actually dropped by nearly $3. So it seems that if one leases, then get Audi-care because even though it costs about $820-$850 more, the lease payment will actually go down, so it pays for itself literally because your monthly is less and then you don't have to pay for oil changes or other maintenance items.
What I find interesting though is that the MF is so high even though residuals are higher as well. Using the 2015 lease numbers the monthly payment would have been about $15 lower than with the 2016 lease numbers. Granted it's not much, but it is higher.
I will likely do the MSD as I did with my last 2 BMW leases. BMW does 7 maximum deposits for a total reduction of .00049 off the MF. Audi is not so generous as you have to do 9 deposits in order to get .00045 off of the MF. BMW leases seem to be the best in the business. I will be paying about $50 more per month to lease an S3 with an MSRP of $45,145 compared to a 2016 BMW 340i with an MSRP of nearly $51K. That's a big difference in MSRP and the higher priced BMW will actually have a LOWER monthly payment by about $50. Audi needs to do better with their leasing numbers if they want to be more competitive. I'd love to get a "competitor conquest" incentive around at least $1000 as it would go a good way towards closely the big gap in monthly payment for cars that look like they cost less, but for leases they don't.
Also, for 2016 the base price for the S3 has gone up as it looks like Audi added the "Drivers assistance package", which was a $1400 option for 2015 models. Those items are not added to the standard items for the Premium Plus S3. The base price is now the same as the base 2015 S3 with that package added. Rearview backup cameras will be required in US cars by 2017 I believe. Seems Audi has passed that cost onto it's customers, and at a premium price I must say. If I had the option to not add it, like for the 2015 model, I would not add it as I don't need it. So for people like me the 2016 is really a $1400 price increase.
Also, the B&O audio system, which is fantastic BTW, was an $850 option in 2015 and for 2016 it went up to $950. Same system but $100 higher price for 2016.
The one item that is an added cost option is "Homelink". It costs $295. Seems kinda high for a premium automobile that comes with leather seating areas standard, yet it's nearly $300 just to have a builtin button to be able to open a garage door.
Thanks again for your leasing information. Please correct me if I have the numbers wrong or if they change.
AudiCare won't lower the payment. Make sure you aren't adding AudiCare to the MSRP, when calculating the residual. If your payment is going down, then you aren't doing it right.
Hi. Thanks for all the lease info you give us! It's extremely helpful.
I'm looking to order a 2016 S3 Prem + for 36mths at 10K miles per year.
From what you've posted so far I get a residual of 59%, and MF of .00139. If I add Audi-care the residual goes up by 1%, thus on my lease it would be 60%.
I ran the numbers and by adding Audi-care the monthly actually dropped by nearly $3. So it seems that if one leases, then get Audi-care because even though it costs about $820-$850 more, the lease payment will actually go down, so it pays for itself literally because your monthly is less and then you don't have to pay for oil changes or other maintenance items.
What I find interesting though is that the MF is so high even though residuals are higher as well. Using the 2015 lease numbers the monthly payment would have been about $15 lower than with the 2016 lease numbers. Granted it's not much, but it is higher.
I will likely do the MSD as I did with my last 2 BMW leases. BMW does 7 maximum deposits for a total reduction of .00049 off the MF. Audi is not so generous as you have to do 9 deposits in order to get .00045 off of the MF. BMW leases seem to be the best in the business. I will be paying about $50 more per month to lease an S3 with an MSRP of $45,145 compared to a 2016 BMW 340i with an MSRP of nearly $51K. That's a big difference in MSRP and the higher priced BMW will actually have a LOWER monthly payment by about $50. Audi needs to do better with their leasing numbers if they want to be more competitive. I'd love to get a "competitor conquest" incentive around at least $1000 as it would go a good way towards closely the big gap in monthly payment for cars that look like they cost less, but for leases they don't.
Also, for 2016 the base price for the S3 has gone up as it looks like Audi added the "Drivers assistance package", which was a $1400 option for 2015 models. Those items are not added to the standard items for the Premium Plus S3. The base price is now the same as the base 2015 S3 with that package added. Rearview backup cameras will be required in US cars by 2017 I believe. Seems Audi has passed that cost onto it's customers, and at a premium price I must say. If I had the option to not add it, like for the 2015 model, I would not add it as I don't need it. So for people like me the 2016 is really a $1400 price increase.
Also, the B&O audio system, which is fantastic BTW, was an $850 option in 2015 and for 2016 it went up to $950. Same system but $100 higher price for 2016.
The one item that is an added cost option is "Homelink". It costs $295. Seems kinda high for a premium automobile that comes with leather seating areas standard, yet it's nearly $300 just to have a builtin button to be able to open a garage door.
Thanks again for your leasing information. Please correct me if I have the numbers wrong or if they change.
AudiCare won't lower the payment. Make sure you aren't adding AudiCare to the MSRP, when calculating the residual. If your payment is going down, then you aren't doing it right.
Really? I thought adding Audicare to a lease increased the residual by 1%? If so, then the monthly does go down as the residual is higher.
Even if I don't add Audicare to the MSRP the added 1% to the residual results in a monthly payment drop of $13. What am I missing? Does Audi not increase the residual with Audicare?
One more thing, I'm not adding Audicare to the MSRP, and I'm also not adding into the lease. My calculations are based on paying for Audicare up front along with acquisition and other fees, as I don't like paying interest on fees. I do my lease calculations based solely on the MSRP and actual selling price.
I'm trying to make a 2016 S3 lease work against a 2016 340i, but it's not good. The 2016 340i Msport MSRP is about $52,100, 2016 S3 equipped with same content has an MSRP of $45,245. A difference of $6855 dollars, not a small amount.
However, when I do the leasing numbers the S3 is about $68 MORE per month. BMW does much better on their leasing. They may subsidize their leases, but the end result is that the customer gets a much better lease deal. Actual resale on Audi's is higher than their lease residuals, which makes them a better purchase proposition imo.
The lease for a 2016 340i Msport looks darn great in comparison, . For $68 less per month, I get full maintenance during my 3yr lease. With Audicare maintenance there is an additional cost of about $850 more, paid up front. It raises the residual but the cost of the Audicare isn't calculated into the MSRP, so you pretty much pay full price for the added maintenance. Audi sales tells me that Audicare is good for 4yrs/50k miles, even though you may only lease for 3yrs and 30K miles. So you pay full price even though you will use a portion of it. I'd love to get back into an Audi, but they sure do make it hard to do so. I think I may stay with BMW.
One more thing, I'm not adding Audicare to the MSRP, and I'm also not adding into the lease. My calculations are based on paying for Audicare up front along with acquisition and other fees, as I don't like paying interest on fees. I do my lease calculations based solely on the MSRP and actual selling price.
I'm trying to make a 2016 S3 lease work against a 2016 340i, but it's not good. The 2016 340i Msport MSRP is about $52,100, 2016 S3 equipped with same content has an MSRP of $45,245. A difference of $6855 dollars, not a small amount.
However, when I do the leasing numbers the S3 is about $68 MORE per month. BMW does much better on their leasing. They may subsidize their leases, but the end result is that the customer gets a much better lease deal. Actual resale on Audi's is higher than their lease residuals, which makes them a better purchase proposition imo.
The lease for a 2016 340i Msport looks darn great in comparison, . For $68 less per month, I get full maintenance during my 3yr lease. With Audicare maintenance there is an additional cost of about $850 more, paid up front. It raises the residual but the cost of the Audicare isn't calculated into the MSRP, so you pretty much pay full price for the added maintenance. Audi sales tells me that Audicare is good for 4yrs/50k miles, even though you may only lease for 3yrs and 30K miles. So you pay full price even though you will use a portion of it. I'd love to get back into an Audi, but they sure do make it hard to do so. I think I may stay with BMW.
Yes.. it's cheaper to lease a BMW than a comparable Audi
I know you can put 10 MSDs down to buy down the MF by .00005 each time for a total of .00050.
Here's what I'm currently working with (need to make sure I'm on the right path).
2016 Audi S3 Premium Plus MSRP - $47,820 Cap cost - $42,820
36 month lease, 12k miles/yr
The current MF is .00091 The current residual is 57%
With these numbers and 8.475% sales tax (damn Missouri), I get a payment of $539.00 (assuming I pay all of the fees out of pocket). Of that payment, $42.11 is tax.
So, if I wanted to put down the maximum number of MSDs, would I Have to pay $550 x 10 or $500 x 10?
I know you can put 10 MSDs down to buy down the MF by .00005 each time for a total of .00050.
Here's what I'm currently working with (need to make sure I'm on the right path).
2016 Audi S3 Premium Plus MSRP - $47,820 Cap cost - $42,820
36 month lease, 12k miles/yr
The current MF is .00091 The current residual is 57%
With these numbers and 8.475% sales tax (damn Missouri), I get a payment of $539.00 (assuming I pay all of the fees out of pocket). Of that payment, $42.11 is tax.
So, if I wanted to put down the maximum number of MSDs, would I Have to pay $550 x 10 or $500 x 10?
I believe Audi allows 9 MSDs, not 10.
Each MSD is the total payment (with tax), rounded up to the next $50. So, $550 in your scenario.
Thanks. Does .00141 mf sound reasonable for 12k/36m?
No - the base MF is .00111; if you have top tier credit, that's the MF you should have the dealer use in your deal. Anything above that is profit for the dealer.
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?
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?
Not 100% certain you can "lock in" the lease numbers when you place the order. You may, or you may have to use the numbers in February when you sign the paperwork.
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.
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Thanks.
I'm looking to order a 2016 S3 Prem + for 36mths at 10K miles per year.
From what you've posted so far I get a residual of 59%, and MF of .00139.
If I add Audi-care the residual goes up by 1%, thus on my lease it would be 60%.
I ran the numbers and by adding Audi-care the monthly actually dropped by nearly $3.
So it seems that if one leases, then get Audi-care because even though it costs about $820-$850 more, the lease payment will actually go down, so it pays for itself literally because your monthly is less and then you don't have to pay for oil changes or other maintenance items.
What I find interesting though is that the MF is so high even though residuals are higher as well.
Using the 2015 lease numbers the monthly payment would have been about $15 lower than with the 2016 lease numbers. Granted it's not much, but it is higher.
I will likely do the MSD as I did with my last 2 BMW leases. BMW does 7 maximum deposits for a total reduction of .00049 off the MF. Audi is not so generous as you have to do 9 deposits in order to get .00045 off of the MF. BMW leases seem to be the best in the business.
I will be paying about $50 more per month to lease an S3 with an MSRP of $45,145 compared to a 2016 BMW 340i with an MSRP of nearly $51K. That's a big difference in MSRP and the higher priced BMW will actually have a LOWER monthly payment by about $50.
Audi needs to do better with their leasing numbers if they want to be more competitive.
I'd love to get a "competitor conquest" incentive around at least $1000 as it would go a good way towards closely the big gap in monthly payment for cars that look like they cost less, but for leases they don't.
Also, for 2016 the base price for the S3 has gone up as it looks like Audi added the "Drivers assistance package", which was a $1400 option for 2015 models. Those items are not added to the standard items for the Premium Plus S3. The base price is now the same as the base 2015 S3 with that package added. Rearview backup cameras will be required in US cars by 2017 I believe. Seems Audi has passed that cost onto it's customers, and at a premium price I must say. If I had the option to not add it, like for the 2015 model, I would not add it as I don't need it. So for people like me the 2016 is really a $1400 price increase.
Also, the B&O audio system, which is fantastic BTW, was an $850 option in 2015 and for 2016 it went up to $950. Same system but $100 higher price for 2016.
The one item that is an added cost option is "Homelink". It costs $295. Seems kinda high for a premium automobile that comes with leather seating areas standard, yet it's nearly $300 just to have a builtin button to be able to open a garage door.
Thanks again for your leasing information. Please correct me if I have the numbers wrong or if they change.
.00066 MF and 52% residual
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I thought adding Audicare to a lease increased the residual by 1%?
If so, then the monthly does go down as the residual is higher.
Even if I don't add Audicare to the MSRP the added 1% to the residual results in a monthly payment drop of $13. What am I missing?
Does Audi not increase the residual with Audicare?
TIA.
My calculations are based on paying for Audicare up front along with acquisition and other fees, as I don't like paying interest on fees. I do my lease calculations based solely on the MSRP and actual selling price.
Great info from you.
Thanks again.
The 2016 340i Msport MSRP is about $52,100, 2016 S3 equipped with same content has an MSRP of $45,245.
A difference of $6855 dollars, not a small amount.
However, when I do the leasing numbers the S3 is about $68 MORE per month.
BMW does much better on their leasing. They may subsidize their leases, but the end result is that the customer gets a much better lease deal.
Actual resale on Audi's is higher than their lease residuals, which makes them a better purchase proposition imo.
The lease for a 2016 340i Msport looks darn great in comparison, . For $68 less per month, I get full maintenance during my 3yr lease. With Audicare maintenance there is an additional cost of about $850 more, paid up front. It raises the residual but the cost of the Audicare isn't calculated into the MSRP, so you pretty much pay full price for the added maintenance. Audi sales tells me that Audicare is good for 4yrs/50k miles, even though you may only lease for 3yrs and 30K miles. So you pay full price even though you will use a portion of it.
I'd love to get back into an Audi, but they sure do make it hard to do so.
I think I may stay with BMW.
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I'm looking to close the deal in the next two days, so any help is greatly appreciated!
The current numbers state they are valid until 10/1, but Audi may alter the numbers next month.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 Premium Plus:
36/12
36/15
Thanks.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 S3 Prestige
2016 S3 Prestige
Thanks in advance!
2016 - .00139 and 63%
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Specifically for a 2016 S3 Prem Plus, 12K/36, thank you!
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Given that the 4 cylinder TDI models are not being sold, I suspect Audi is sweetening the pot with the other models to compensate.
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Thanks!
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Thanks!
S3 Premium Plus - .00091 and 58%
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I know you can put 10 MSDs down to buy down the MF by .00005 each time for a total of .00050.
Here's what I'm currently working with (need to make sure I'm on the right path).
2016 Audi S3 Premium Plus
MSRP - $47,820
Cap cost - $42,820
36 month lease, 12k miles/yr
The current MF is .00091
The current residual is 57%
With these numbers and 8.475% sales tax (damn Missouri), I get a payment of $539.00 (assuming I pay all of the fees out of pocket). Of that payment, $42.11 is tax.
So, if I wanted to put down the maximum number of MSDs, would I Have to pay $550 x 10 or $500 x 10?
Each MSD is the total payment (with tax), rounded up to the next $50. So, $550 in your scenario.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
And, reach out to multiple Audi dealers ... it only takes one to make a deal on your terms.
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