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Audi A5 Lease Questions

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  • kechal12kechal12 Atlanta, GAPosts: 26
    edited January 2013
    Car Man,

    What are the Jan MF and RV for an A5 Preimum Plus; 10,000 or 12,000 miles? Could you also provide the figures for Prestige? Do you believe they will change much for Feb? When do the Feb figures come out? Thanks for all of your help.
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  • CarMan@Edmunds[email protected] Posts: 38,515
    How's this for a timely response, kechal12 ;). Through April 2nd (wow this is a long program) Audi Financial Services' January buy rate lease money factor for a 36-month lease of a 2013 A5 Coupe Premium Plus with 12,000 miles per year are .00104 and 55% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 A5 Coupe Prestige are .00104 and 51%.

    If you were to lease either of these cars with only 10,000 miles per year, their residual values would be 1% higher.

    Of course, this assumes that Audi does not make any unscheduled changes to its programs for this car. You can always check back with me next week to see if there's anything new if you want.

    Car_man
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  • kechal12kechal12 Atlanta, GAPosts: 26
    your awesome, thanks
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  • CarMan@Edmunds[email protected] Posts: 38,515
    You're welcome :) .

    Car_man
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  • kechal12kechal12 Atlanta, GAPosts: 26
    are the RV and MF the same for the cabrio as they are for the coupe?
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  • CarMan@Edmunds[email protected] Posts: 38,515
    I think that they're different, kechal12. Through April 2nd Audi Financial Services' current buy rate lease money factor for a 36-month lease of a 2013 A5 Convertible Premium Plus FWD with 12,000 miles per year are .00060 and 52% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 A5 Convertible Prestige are .00060 and 49%.

    Car_man
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  • ktdrayktdray Posts: 3
    Hi Leaseman,
    I was told from dealer the published Audi rate for the A5 Cabriolet is .00070 for 36 months. Do you think there's room to get them to go lower?

    thanks!!!!
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  • mlinggamlingga Posts: 60
    Hi folks: in the market for an S5 Prestige. First offer had MSRP $62,870 minus $1500 discount. Add to that a service fee of $400, sales tax $4,324, and $42 misc fees. Assuming a $2500 down payment, for a 36 month lease with 15,000 miles/year, we are getting a monthly payment of $1,042. We are leasing newbies and would like to know if this is in the ballpark?
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi ktdray. The money factor that you were told is correct for the quattro version of this car. It's schedule to run through April 1st. It's difficult to say what the program for the A5 Cab will be like after that, but I don't anticipate it improving significantly. Again, time will tell.

    Car_man
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  • 1st_a5_buyer1st_a5_buyer Posts: 1
    Hi car_man,

    I want to lease audi a5 and got a quote of $590 over 42 month lease with 3k down on a5 premium plus MSRP 42,600. No other options aside from premium plus package. No Navi.

    I looked up ML and residual value on:

    http://www.ridewithg.com/index.php/2013/02/2013-audi-lease-rates-february-2013/

    So I did my lease calculation based on,

    36 Month – Residual 53% of MSRP – .00104 Base Rate

    got approx $514 monthly over 42 months. My question is why there is the quote that I got from dealer is so much higher than my calculation. Is $590 reasonable?

    My calculation:

    42600 x 53% = 22,578
    (42600 - 3000) - 22,578 = 17,022 (3k down)
    17,022 / 42 = 405.28

    (42600 + 22,578) x 0.00104 = 67.78

    405.28 + 67 = 473 monthly without tax
    473 + 8.75 tax (41.38) = 514.38

    While my calculation does not include other fee (acquisition fee etc) in a lease but I am also using MSRP pricing instead of negotiated pricing. Am I wrong on the calculation or the quote is just too high?

    Thanks for you help!
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  • abacusfinchabacusfinch Posts: 2
    My 2010 A5 lease ends in a few months and my payoff amount is almost $5k lower than the market value of the car. A pretty good problem to have except that I don't want to turn it in for a new Audi or buy it out. But I don't want to just lose the positive equity either. If I try to trade it in to a non-Audi dealer, Audi will give them a quote that is fair market value, not my residual. And I don't have enough cash on hand to buy the car without some financing, so re-selling it is still tricky because the title would have a lien on it. Is there any way for me to keep the positive equity or am I just out of options? Thanks very much and if this is better posted in another forum, my apologies. Please direct me there.
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi 1st_a5_buyer. The money factor and residual value that you found are correct, but you can't apply them to a 42 month lease....only a 36 month lease. The 42 month numbers for this car are .00124 and 51%. Using these numbers a lease of this car at full MSRP, $42,600, would result in a monthly payment of around $577.

    Car_man
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  • a5cabrioa5cabrio Posts: 3
    Hi all,

    Lease on an A5 cab is maturing and FL dealership is offering me another A5 cab with the following options and terms, what do you think...
    -----
    CAR
    -----
    2013 A5 Cab (Blk/Blk)
    Prem Plus, Advanced Key, B&O Sound, Fine Grain Ash Inlay, Audi Care
    MSRP $49,545 - Dealer is offering 'VIP/Loyalty Pricing' @ $45,995.61

    ---------
    TERMS
    ---------
    42 month lease, 12,000 miles
    Inception - $1,497.97 (1st month, tax, tag, title, bank acquis.)
    Payment - $636.76 (674.97 with tax)
    Money Factor - .000987
    Residual - 48% - $23,781.60

    Thoughts?

    Thanks!
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  • kechal12kechal12 Atlanta, GAPosts: 26
    edited March 2013
    Hello,

    Could you tell me what the MF and RV would be for a 2013 A5 Cabrio, prem plus, 36 mos, 12k miles? the dealer quoted me .0011, which seems high. The quoted RV was 54% (with AudiCare that is supposed to add 1% to RV). For a 42 mos lease the MF was .0013 and RV is 50% (again with AudiCare). Thanks! ;)
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  • shipsalesshipsales Posts: 1
    Looking at a new 2013 A5 Cabriolet Quattro Premium Plus Black/Black/Black
    Sport Package
    MMI Navigation Plus
    Dark Walnut inlay
    Advanced Key

    MSRP = 54495
    Sell price = 52000
    36 month lease
    12,000 miles annually
    MF 0.00119
    Residual 53%
    Tax rate 6.5
    Acquisition fee $695
    Down Payment = $1395 includes Dealer Doc fee, Acquisition fee,license and tag
    Dealer is offering $$915 a month
    My calculations are at $792.00 month

    Any idea of why there is such a large discrepancy?

    Thanks in advance
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  • ttyl123ttyl123 Posts: 5
    Hi Car_man,

    What are the March MF and RV for a 2013 A5 Premium 10,000 or 12,000 miles on 36 months lease?

    Thanks!
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi kechal12. Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 A5 Cabriolet Premium Plus without quattro with 12,000 miles per year and Audi Care are .00041 and 52% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 42-month lease are .00061 and 48%.

    Car_man
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi ttyl123. Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 A5 Coupe Premium with 12,000 miles per year are .00067 and 53% for consumers who qualify for its top credit tier.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    Car_man
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  • kechal12kechal12 Atlanta, GAPosts: 26
    Is this for March or April?
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  • kechal12kechal12 Atlanta, GAPosts: 26
    PJ,

    I would never put money down on a lease as it's just pre-paid rent. I wonder if you would do better selling the trade in on your own and keeping the $9k (maybe more if you sell it yourself). You could use the $9k to supplement your out of pocket monthly lease payment and you're not at risk of losing that value if something happens to the car.
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Those were the April numbers.

    Car_man
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  • audibillaudibill Posts: 1
    Car Man:

    I have a lease quote for a 2013 A5 coupe with Premium pkg., manual transmission quattro as follows:

    MSRP $41,045 (incl destination fee)
    Selling Price $39,207
    Loyalty Bonus $1,000
    MF of .00087 for 10K, 42 months
    Residual 51%
    Acq fee $695
    Trade in $3800
    State tax 6%
    Payment $409.28

    Any obvious problems?

    Thanks!
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi audibill. The money factor that you were quoted is right on the money. The acquisition fee isn't being marked up either. This car's selling price looks like it's around $1,000 over invoice. This looks like a good deal to me.

    Car_man
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  • cardude24cardude24 Posts: 1
    A5 premium plus, Bang&Olufsen, 39 month lease deal as follows:
    - MSRP: $47,945
    - Final Selling Price with tax/title and Audi care: $47,672
    - MF: 0.0010
    - Cash down: 5500
    - Monthly payment: $542/mo

    Can any one confirm how good/bad this deal is?
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  • kechal12kechal12 Atlanta, GAPosts: 26
    Carman,

    I am negotiating with a dealer for an A5 Prestige with S-Line package. I qualify for the $1000 New Customer Acquisition Rebate. The dealer is telling me Audi does not allow the rebate to be applied to the selling price (due to how it changes the tax) so he is using the $1000 rebate as a down payment. I think he may not be correct on the application of the rebate. After all, doesn't the dealer pocket the rebate check? All the "down payment" does is pre-pay my rent to reduce the monthly payment, which makes no sense to do. Your insights would be appreciated. Also, can you give me the MF and RV for a 2013 A5 cab, Prestige with S-Line package; 12k miles per year, 36 months. Thanks
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi kechal12. Why does it matter if the dealer uses the $1,000 to reduce the vehicle's selling price or as a down payment? Isn't the net effect the same? A capitalized cost reduction aka down payment lowers your vehicle's cap cost just like a dealer discount would.

    Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 A5 Cabriolet Prestige with 12,000 miles per year are .00032 and 48% for consumers who qualify for its top credit tier.

    Car_man
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  • kechal12kechal12 Atlanta, GAPosts: 26
    Car_man,
    You're correct. It doesn't matter. I gave it a bit more thought after I posted and came to the conclusion you did. Not sure why I was thinking it made a difference. Anyway, I'm back to looking at Premium Plus since the RV on Prestige is now only 48% :mad:

    Can you provide me with the current MF and RV for 2013 A5 cab, Prem. Plus; 36 months, 12k miles per year? Does it matter if it has the Sport package or the Comfort package? Can you confirm that having Audi Care adds 1% to the RV? Thanks again ;)
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  • delta737hdelta737h Posts: 606
    In most states, a rebate applied as a down payment is a taxable event. For that reason, I simply reduce the selling price by the amount of the rebate without specifically identifying the rebate in my lease proposals. This has the same effect as a dealer discount which is never taxable and is the way to avoid paying tax if the dealer allows it. The rebate is simply assigned to the Dealer as far as I know unless it's somehow waived which is probably a stretch. I haven't had a problem doing this, at least not yet. So, yes, it does make a difference in terms of tax.

    John
    TheAutoLeaseGeek
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  • CarMan@Edmunds[email protected] Posts: 38,515
    You're right, kechal12, the residual values for the Prestige are pretty rough.

    Audi Financial Services' May buy rate lease money factor and residual value for a 2013 A5 Cabriolet Premium Plus FWD with 12,000 miles per year are .00041 and 51% for consumers who qualify for its top credit tier. The addition of the Sport or Comfort packages does not make a difference.

    Adding Audi Care does indeed add 1% to vehicles' residual values.

    Car_man
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  • kechal12kechal12 Atlanta, GAPosts: 26
    that's a fair point about the tax. when I did the calcs there was a slight difference but not really enough to be material. Interestingly, the dealer insisted that Audi does not allow them to use the incentive cash to reduce the sales price. It must be used as a down payment. Makes me wonder how truthful they were being.
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