Lease vs Purchase Audi A5 Sportback Premium Plus

MichaelAaron1MichaelAaron1 Member Posts: 2
edited November 2018 in Audi
Looking to purchase a new 2018 Audi A5 Sportback Premium Plus:

MSRP = $53,375
Dealer Discount = $5,337
Manufacturer's Rebate = $1,750
MF = .00235
RV = 55%
IL Sales Tax = 8.25%
36 mo/12k mi

Lease quote from three different dealers is identical at $775/mo which to me seems like a horrible deal.
Or I can purchase for $48,035 after discount and rebates plus tax and borrow money at 1.99% for 36 mo or 2.19 for 48 mo which seems better than leasing with the high MF.
Or I can wait for the 2019's and hope the RV go up and the MF goes down.

Based on the three options above, what are your thoughts?

Thanks
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  • MichaelAaron1MichaelAaron1 Member Posts: 2
    Thanks Michaell. I’m thinking a purchase is better as well. Would you recommend taking the deal above as a purchase or wait to purchase a 2019 for better residual when I go to trade it in?
  • kyfdxkyfdx Moderator Posts: 261,596
    MichaelAaron1 said:

    Thanks Michaell. I’m thinking a purchase is better as well. Would you recommend taking the deal above as a purchase or wait to purchase a 2019 for better residual when I go to trade it in?

    Whatever you gain in trade-in, you'll pay for upfront. I'd try for the lowest price on a 2018, now.

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  • sgudivakasgudivaka Member Posts: 17
    To get the rebate($1000), you must finance/lease with AFS. So, factor that in to your Math :)
  • sgudivakasgudivaka Member Posts: 17
    and btw which bank did you go to?
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