Lease vs Purchase Audi A5 Sportback Premium Plus

MichaelAaron1

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

Michaell

MichaelAaron1 said:

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

The lease program on the A5 SB is just not that great.

And, I don't expect it to improve anytime soon.

With those interest rates, it may be better to purchase it outright.

MichaelAaron1

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?

kyfdx

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.

sgudivaka

To get the rebate($1000), you must finance/lease with AFS. So, factor that in to your Math

sgudivaka

and btw which bank did you go to?