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Audi S4 Lease Questions
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Car_man...help!
The dealer is likely adding sales tax to it. That would likely account for much of the difference between what I calculated and what you were quoted, but you still should probably have the dealer walk you through the numbers to find out exactly how they came up with the payment that they quoted you. Are they rolling any other fees into the cap cost?
EDIT: I just noticed that you're in a state that does not charge sales tax on vehicles, so there's definitely something wrong with the payment that the dealer quoted you. Make sure to have them explain to you why your car's payment is so much over $700 per month. They must be adding fees into the cap cost.
Car_man
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Would you mind posting the October residuals and money factors for 36, 39 and 42 month terms with 12K miles per year.
Looking to order my S4 this month if the interest rates are begining to trend downward as they did last winter. Thanks!
Would you have the residual and money factor for a S4 Prestige 24 and 30 month lease (15K miles per year)?
CTDW
I neglected to put Premium Plus...
"Would you mind posting the October residuals and money factors for 36, 39 and 42 month terms with 12K miles per year. "
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 39-month lease are .00143 and 55%.
The numbers for an otherwise identical 39-month lease are .00143 and 53%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 30-month lease are .00123 and 56%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP of $53,400 and a sales price of $50,562 ($836 over invoice) for:
8K254Y - S4 Premium Plus with 7-speed S-Tronic
P5P5 - Ice Silver Metallic
Q4Q - Eight-way power S Sport seats...
N7N - Leather
SU - Black with Lunar Silver Alcantara
PDU - Sport Differential
PQ6 - 19" 5-segment wheels with summer tires
9VK - B&O Sound System
Supercharged Badges
$500 deposit to order car. $820 for Audi Care. $695 bank fee. No document fee; no dealer set up fee. Only first month payment and DMV fees due at signing; $500 deposit will be applied to what is due at signing.
If ordered in October 2012, I can take advantage of the October 2012 lease programs -or- the programs in effect when I take delivery, which ever is the better program.
I have all of the above in writing from the dealership.
Comments? Thoughts? Anything sound fishy? I think it sounds like a pretty solid deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2013 S4 Premium Plus with 12K miles per year:
36 months - MF .00105, Residual 56%
39 months - MF .00125, Residual 54%
42 months - MF .00125, Residual 52%
Audi Care adds 1% to the Residual %.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP of $53,400 and a sales price of $50,562 ($836 over invoice) for:
8K254Y - S4 Premium Plus with 7-speed S-Tronic
P5P5 - Ice Silver Metallic
SU - Black with Lunar Silver Alcantara
PDU - Sport Differential
PQ6 - 19" 5-segment wheels with summer tires
9VK - B&O Sound System
Supercharged Badges
ETA is mid-February 2013. Hoping the programs get a bit better like last winter.
Thanks for all the help Car_man!
Can you post MF and residuals for 36 month 15K/year leases for both the S4 prestige and S4 premium plus?
thank you!!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for the '13 S4 Prestige are .00105 and 52%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
*PS - those are horrible Think I'm back to 335 shopping!
MSPR: $55,250
36 Months
10,000 miles
Fees Rolled In: $2128
Monthly Payments: $658
Premium Plus or Prestige? What was the sales price? Did you put any money down? Trade-in? What fees resulted in $2,128 being rolled into the payment? Sales tax in the payment? What was due at signing?
MF: .00105
Residual: 57% for 10K, 56% for 12K
As always, I defer to Car_man to confirm my information.
The residual value for a lease with 10,000 miles per year would be 1% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with 10,000 miles per year would be 1% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I really appreciate all your help in all of the leases I have committed to in the past. Unfortunately I did not accept the final offer for my most recent deal I was presented at the end of December on a 2013 S4. I will post more information in the near future on the final offer I had on an S4 that took a couple of weeks worth of negotiating. I declined the offer because they were hiding fees and did not show the Audi loyalty bonus in the final numbers of the lease. In the end the dealer and I could not come to terms and their offers seemed to hide fees and gave me the impression that they were attempting to increase their profit unfairly on my behalf.
I am a long time user of edmunds and really appreciate your assistance.
Antgonz
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
When the January numbers are released this week, would you mind posting the buy rate MF and residuals for 36 months / 12K miles and 42 months / 12K miles for 2013 S4 Premium Plus.
Thank you!
BTW....I've done that before on purchases, not leases. It works well. If they don't accept my terms, I move on to the next dealer.
In truth, you should let the dealer know the terms and pricing they have to hit to get your business.
Leases are more complex as there are bank fees, acquisition fees, disposition fees, mileage overage fees, etc that don't exist with a purchase. It can be a bit confusing if you're not used to negotiating a lease.
MF: .00068
Residual: 53% (add 2% for 12K; add 3% for 10K)
AudiCare adds 1%
Residuals seem low (down 3% from this time last year for MY2012)...perhaps I was given the residuals for Prestige. For that reason, I always defer to Car_man to confirm the numbers I obtain and post.
The numbers for an otherwise identical 42-month lease are .00088 and 51%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MF: .00105
Residual: 54% (add 2% for 12K; 3% for 10K)
msrp - 57050 premium plus with alcantara black, navi, advanced key, sports diff
with all taxes and audi care - 777 out the door, 15k 42 month, no money down?
It's really up to you. We find the Alcantara to be extremely durable. Of course, you never know until 5-6 years down the road. But, it sure does look and feel more durable.
Plus, the alcantara won't "crinkle" like the nappa leather will over time.
Depending on your sales tax rate, the monthly payment seems pretty good. Sounds like you may have qualified for a $1,000 conquest cash incentive.
The residual value is correct with AudiCare factored in.
Sales price seems okay based on MSRP of ~ 57K...but you should check the actual invoice here on Edmunds.com and aim for $500 over invoice (or less...start at or below invoice). That is not always possible depending on locale, but if this car is on the lot, you may have some leverage.
The payment you posted still seems low with that sales price and quoted MF, especially since sales tax in rolled into the payment. Are you sure that number is not based on money down? You need to get the MF lowered, then make sure dealer is not adding fees that you are expected to pay up front.
Estorial Blue Crystal Effect
Black Interior
Options:
- Audi Damping Suspension
- Audi Advanced Key
- Carbon Fiber Trim
- Bang & Olufsen Sound
- Quattro Sport Rear Differential
- Audi Navigation
- 19 inch Wheel
- All Weather Floor Mats & Trunk Liner
- Wheel Locks
MSRP $59,570
Internet Sale Price $55,955
36 month lease 10k miles per year
Residual value $31,572.10
Drive Off $3,500
Monthly Payment $699 + tax a month
What is the quoted money factor?
What fees are being charged in addition to the sales price?
Did you check invoice in the new car section of Edmunds.com? Shoot for a sales price about $500 above invoice for an in-stock car. So offer $1K under invoice and try to get AudiCare thrown in or discounted. Bumps residual value by 1%
$57,466 with all those options.
The price they offer is $55,950.
I dont know their MF and Residual, but with the numbers you provided last page:
MF: 0.00068
Residual: 56% (since it's 10,000mi/y, $31334.8 compare to their $31,572.10 )
DP: $3500
The lease calculator:
Total Loan Amount $52,455
Monthly Payment (tax included) $697
Security Deposit $500
I guess 699 w/o tax is a little high... about $62 more a month...
$3500 due at signing is not the same as a 3500 down payment.
I'm looking to lease a 2013 S4 Prestige for 36 months with 10k miles a year. The MSRP is $62,270.
The dealer gave me these numbers:
Selling price - $60,365
Title and registration - $221.65
Money Factor - 0.00098
Residual - 55% (10,000 miles)
Wear and tear insurance and Audi Care - $1,679
$4696.88 of negative equity rolled into the payments.
$0 out of pocket.
The dealer is quoting $1113.00 per month including tax (PA). Does this look okay? Is the residual and mf look normal?
Thanks for your help!
Money factor should be .00068 for a 36 month term if you qualify for top tier credit. Residual is spot on with AudiCare.
IMHO, drop the wear and tear insurance. AudiCare MSRP is $880; at best, you'll get $50 off that price.
Not sure where the negative equity is coming from, but you may want sell that car privately, or push for a better trade in value. When you start throwing trades in the mix, you muddy the waters and it is harder to tell what kind of deal you are actually getting.
With all that said, that monthly payment is downright scary.