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2016 Audi S4 Lease Questions

cchan383cchan383 Posts: 8
edited July 2015 in Audi
Hello,

I was hoping someone could tell me if the money factor and residual figures for 2016 Audi S4 Premium Plus models have been released by Audi? I currently have a 2016 S4 arriving at the dealership that I had on order and would like to know the money factor and residual figures before negotiating the lease terms with the dealership. Thank you!
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Comments

  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    cchan383 said:

    Hello,

    I was hoping someone could tell me if the money factor and residual figures for 2016 Audi S4 Premium Plus models have been released by Audi? I currently have a 2016 S4 arriving at the dealership that I had on order and would like to know the money factor and residual figures before negotiating the lease terms with the dealership. Thank you!

    .00122 MF and 55% residual for 36mo, 15K/yr

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • cchan383cchan383 Posts: 8
    edited July 2015
    Thank you very much for the information. I was actually debating between 10k and 12k miles for 36mo (should have mentioned in original post), could you tell me how that would affect the MF and residuals?
  • MichaellMichaell ColoradoPosts: 121,294
    cchan383 said:

    Thank you very much for the information. I was actually debating between 10k and 12k miles for 36mo (should have mentioned in original post), could you tell me how that would affect the MF and residuals?

    Add 2% for 12K and 3% for 10K. MF stays the same.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • cchan383cchan383 Posts: 8
    Thank you
  • eman1977eman1977 Posts: 4
    Would I add 1% for 7.5K miles per year? So, it would be 0.00122 MF and 59% residual?
  • MichaellMichaell ColoradoPosts: 121,294
    eman1977 said:

    Would I add 1% for 7.5K miles per year? So, it would be 0.00122 MF and 59% residual?

    Add 1% to the 10K residual for 7.5K miles per year, yes. MF stays the same at .00122

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • eman1977eman1977 Posts: 4
    Just wondering if anyone has any insight into the 2016 incentives on the S4. Do the 2016 models qualify for the $750 Summer of Audi Sales Event incentive. I don't see the 2016MY listed on the Audi promotions website, but I don't know if that is because the website hasn't been updated with the latest models, or if the 2016's are specifically excluded.

    Also, I'm assuming the lease rates haven't changed since earlier in the month...but please correct me if I'm wrong about that.
  • MichaellMichaell ColoradoPosts: 121,294
    eman1977 said:

    Just wondering if anyone has any insight into the 2016 incentives on the S4. Do the 2016 models qualify for the $750 Summer of Audi Sales Event incentive. I don't see the 2016MY listed on the Audi promotions website, but I don't know if that is because the website hasn't been updated with the latest models, or if the 2016's are specifically excluded.

    Also, I'm assuming the lease rates haven't changed since earlier in the month...but please correct me if I'm wrong about that.

    We don't have any incentive information .. use the "Car Research" tab at the top of the page to link to the Edmunds' info.

    No change to the rates since the beginning of July.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mc23mc23 Posts: 1
    Do you have updated MF information for august on 2016 S4's? Thanks
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    mc23 said:

    Do you have updated MF information for august on 2016 S4's? Thanks

    .00137 MF and 55% residual for 36/mo, 15K/yr. for premium plus.

    Subtract 3% for Prestige

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • e92tob8e92tob8 Posts: 3
    edited August 2015
    Hi all - I'm considering leasing an S4. I went for a test drive today and got the initial numbers from the dealership. No negotiations yet, but the dealer seems to be no-BS, and openly said they'd adjust the numbers as needed. This would be my first Audi, so I am not sure on the "normal" numbers I can expect. I have an E92 M3 that they are also offering to buy out; details on everything below.

    I'd appreciate any feedback on the numbers below, and how much lower you think I can expect to get a deal for.

    -2016 Audi S4 Prem+
    -Daytona Grey
    -Tech Package
    -Black Optic Package
    -Fine Nappa leather package
    -Quattro sports diff
    -Carbon Atlas inlay
    -Audi Guard protection kit
    -SC badges

    -MSRP - $58,590.00
    -Purchase Price - $54,642 was agreed over e-mail ($250 above invoice). This is what I got my M3 for. Is this good for an S4?
    -Incentives - $750 for being a BMW customer. Anything else I should be aware of here?
    -Residual - 59% for 36/mo and 55% for 42/mo. The 42 mo lease sounds appealing; what are the downsides vs the 36/mo?
    -Money factor - ?? Not sure, hoping someone here can provide the current info on MF for August 2015. Anyone know the credit score "zones" for qualifying MFs? I recently moved and had some huge medical bills, so am currently carrying a couple thousand more on the credit cards (normally pay down to 0 every month). I just started working again, so those will be paid off in just a month or two. My CapitalOne app has my credit score at 725 right now; it was 780+ back when I got the M3. The decline is simply the current balances held.
    -Tax Rate - 7.85% in my home county
    - Doc fee - $495
    - Fees $37.20

    2013 BMW E92 M3
    - 16,700 miles (3yr/10,000/yr)
    - 3 more payments of $907.73/mo (last payment in Nov)
    - Buyout: $48,812.28
    - Audi dealer offered to buyout @ $47,000. I plan on asking them to cover the entire BO price, so the last payments aren't rolled into my new deal.
    - MSDs: I put two MSDs down on the M3, to lower the money factor. My buyout quote subtracts these from the original buyout price, lowering it about $2,000. I assume this is normal and the MSDs are just paid to BMWFS then, instead of me getting them back, if I were to ride out the lease?

    Thanks in advance for any info on this. I look forward to having my first Audi in the garage!




  • MichaellMichaell ColoradoPosts: 121,294
    e92tob8 said:

    Hi all - I'm considering leasing an S4. I went for a test drive today and got the initial numbers from the dealership. No negotiations yet, but the dealer seems to be no-BS, and openly said they'd adjust the numbers as needed. This would be my first Audi, so I am not sure on the "normal" numbers I can expect. I have an E92 M3 that they are also offering to buy out; details on everything below.

    I'd appreciate any feedback on the numbers below, and how much lower you think I can expect to get a deal for.

    -2016 Audi S4 Prem+
    -Daytona Grey
    -Tech Package
    -Black Optic Package
    -Fine Nappa leather package
    -Quattro sports diff
    -Carbon Atlas inlay
    -Audi Guard protection kit
    -SC badges

    -MSRP - $58,590.00
    -Purchase Price - $54,642 was agreed over e-mail ($250 above invoice). This is what I got my M3 for. Is this good for an S4?
    -Incentives - $750 for being a BMW customer. Anything else I should be aware of here?
    -Residual - 59% for 36/mo and 55% for 42/mo. The 42 mo lease sounds appealing; what are the downsides vs the 36/mo?
    -Money factor - ?? Not sure, hoping someone here can provide the current info on MF for August 2015. Anyone know the credit score "zones" for qualifying MFs? I recently moved and had some huge medical bills, so am currently carrying a couple thousand more on the credit cards (normally pay down to 0 every month). I just started working again, so those will be paid off in just a month or two. My CapitalOne app has my credit score at 725 right now; it was 780+ back when I got the M3. The decline is simply the current balances held.
    -Tax Rate - 7.85% in my home county
    - Doc fee - $495
    - Fees $37.20

    2013 BMW E92 M3
    - 16,700 miles (3yr/10,000/yr)
    - 3 more payments of $907.73/mo (last payment in Nov)
    - Buyout: $48,812.28
    - Audi dealer offered to buyout @ $47,000. I plan on asking them to cover the entire BO price, so the last payments aren't rolled into my new deal.
    - MSDs: I put two MSDs down on the M3, to lower the money factor. My buyout quote subtracts these from the original buyout price, lowering it about $2,000. I assume this is normal and the MSDs are just paid to BMWFS then, instead of me getting them back, if I were to ride out the lease?

    Thanks in advance for any info on this. I look forward to having my first Audi in the garage!

    2016 S4 Premium Plus:
    36/10 - .00137 and 58%
    42/10 - .00157 and 54%

    We don't have the credit score values for the different MF, but I suspect that a 725 score will get you the best MF.

    Use the "Car Research" tab at the top of the page to link to current customer incentives.

    You should get the MSD monies back from BMWFS; it may be that the Audi dealer is "taking" that money and applying it to the new deal. I would call BMWFS and get an exact payoff amount. Also, head over to the "Real World Trade in Values" discussion here to get an honest appraisal of your M3.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • e92tob8e92tob8 Posts: 3
    edited August 2015
    Thanks for the info, Michaell - very much appreciated.

    Here's the "final" quote I am working on. Everything seem OK? They are buying out the current lease 100% and I've contacted BMWFS to determine how the MSDs will be returned to me.

    - MSRP: $59,1745.00
    - Cap Cost Reduction/Savings: $2597.75
    - Money Factor: .00137 - 42/7.5K
    - Rebate: $750
    - Cap Cost: $55,872.25
    - Dealer/State Fees: $502.20 ($7.20 State Fee and $495 Doc & Lease Acq Fee)
    - Aftermarkets: Left blank on this sheet, but should include Audi Care @ $829. Was told they would add this when I came to sign...not sure how it's factored in (monthly payments or paid in drive-off fees)
    - Customer Cash: $1,000 (Asked to put $0 down, but said this was to cover the reg/lease fees, as well as the Audi care. I think this is to cover the $502.20 (dealer/state fees) + $829 AudiCare = $1,331.20, minus $750 incentive = $581.20
    - Drive Off: $481.53 - not sure why this and the above number ($581.20) don't match?

    I've emailed and asked for clarification on the Customer Cash and Drive Off differences. I think the $1,000 may have been a place-holder they put in there on the initial bids, as they weren't sure what the drive-offs would be with AudiCare.

  • MichaellMichaell ColoradoPosts: 121,294
    e92tob8 said:

    Thanks for the info, Michaell - very much appreciated.

    Here's the "final" quote I am working on. Everything seem OK? They are buying out the current lease 100% and I've contacted BMWFS to determine how the MSDs will be returned to me.

    - MSRP: $59,1745.00
    - Cap Cost Reduction/Savings: $2597.75
    - Money Factor: .00137 - 42/7.5K
    - Rebate: $750
    - Cap Cost: $55,872.25
    - Dealer/State Fees: $502.20 ($7.20 State Fee and $495 Doc & Lease Acq Fee)
    - Aftermarkets: Left blank on this sheet, but should include Audi Care @ $829. Was told they would add this when I came to sign...not sure how it's factored in (monthly payments or paid in drive-off fees)
    - Customer Cash: $1,000 (Asked to put $0 down, but said this was to cover the reg/lease fees, as well as the Audi care. I think this is to cover the $502.20 (dealer/state fees) + $829 AudiCare = $1,331.20, minus $750 incentive = $581.20
    - Drive Off: $481.53 - not sure why this and the above number ($581.20) don't match?

    Add 1% to the residual to go from 10K to 7.5K per year; MF stays the same.

    I'd make sure I understand every number - and the math behind them - before signing.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gregw5gregw5 Posts: 62
    edited September 2015
    What are the Sept lease rates for 2016 S4 P+ 36mos/10k miles per year?
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    gregw5 said:

    What are the Sept lease rates for 2016 S4 P+ 36mos/10k miles per year?

    .00137 MF and 58% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi there are the oct residuals and money factors for 2016 s4 out yet??
    I have been able to negotiate 7250 off a 54k s4 but waiting for updated money factor before i pull the trigger
    Thanks in advance
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    baltazaar said:

    Hi there are the oct residuals and money factors for 2016 s4 out yet??
    I have been able to negotiate 7250 off a 54k s4 but waiting for updated money factor before i pull the trigger
    Thanks in advance

    .00119 MF and 54% residual for 36mo, 15K/yr (Premium Plus)

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • I currently have a deal for a base s4, my lease structure is as follows i am getting 7500 miles per year on a 36 month lease, all im paying out of pocket is the first months payment and dmv fees, they are also eating my two payments on my mercedes e350 which all together comes out to 1000. They gave me 663 a month. Just wondering if that is a good deal considering the car is base?
  • Looking for the October MF and Residual for...

    2016 S4 - Premium Plus - 12K miles - 36 months

    Thanks
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    speconerr said:

    I currently have a deal for a base s4, my lease structure is as follows i am getting 7500 miles per year on a 36 month lease, all im paying out of pocket is the first months payment and dmv fees, they are also eating my two payments on my mercedes e350 which all together comes out to 1000. They gave me 663 a month. Just wondering if that is a good deal considering the car is base?

    MSRP?
    Selling price?
    State/tax rate?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Everywhere, USAPosts: 127,900

    Looking for the October MF and Residual for...

    2016 S4 - Premium Plus - 12K miles - 36 months

    Thanks

    .00119 MF and 56% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 121121 Posts: 8
    edited October 2015
    Hey, this is what a CA dealer offered:

    2016 S4, 15k miles year, 36 mts

    MSRP: $55,425
    Selling: $53,505
    MF: .00119
    Residual: 54% ($29,929.50)

    Payment: $760/ month + tax
    Does this sound like a good deal ?
    Thanks
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    121 said:

    Hey, this is what a CA dealer offered:

    2016 S4, 15k miles year, 36 mts

    MSRP: $55,425
    Selling: $53,505
    MF: .00119
    Residual: 54% ($29,929.50)

    Payment: $760/ month + tax
    Does this sound like a good deal ?
    Thanks

    Premium Plus? Those are the correct numbers.

    I get $754/mo.+tax, so pretty close.. Less than 4% off MSRP doesn't seem so good. 6% off is usually considered a good deal on a new Audi. $1300 more off would be $38/mo.+tax less on the payment.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • michael1000michael1000 Posts: 16
    edited October 2015
    This is a pretty phenomenal site that gives us mere mortals visibility to leasing which has been all smoke and mirrors for me in the past. Thank you for keeping current with this.

    I'm looking at an S4 prestige:

    MSRP: 59340
    Sale Price: 56731
    with AudiCare
    Residual - 30,856,80 for 36 month
    28,483.20 for 42 months
    I asked for both a 36 mo and 42 mo /15K
    Giving me a MF of .00149 and .00169 respectively
    I asked if that was the base MF and he responds that the base is .0003 less on both for A++ credit, which I don't have at the moment...so

    Am I missing something

    Saying $1600 down:

    892+tax for 36mo/15k
    853+tax for 42mo/15k

    The sale price is $1000 over invoice (per sales person).

    I also asked about taking advantage of MSD and he says Audi doesn't do that. Can anyone confirm?

    Thanks in advance and I'll plug in the outstanding numbers when I receive them.
  • MichaellMichaell ColoradoPosts: 121,294

    This is a pretty phenomenal site that gives us mere mortals visibility to leasing which has been all smoke and mirrors for me in the past. Thank you for keeping current with this.

    I'm looking at an S4 prestige:

    MSRP: 59340
    Sale Price: 56731
    with AudiCare
    Residual - 30,856,80 for 36 month
    28,483.20 for 42 months
    I asked for both a 36 mo and 42 mo /15K
    Giving me a MF of .00149 and .00169 respectively
    I asked if that was the base MF and he responds that the base is .0003 less on both for A++ credit, which I don't have at the moment...so

    Am I missing something

    Saying $1600 down:

    892+tax for 36mo/15k
    853+tax for 42mo/15k

    The sale price is $1000 over invoice (per sales person).

    I also asked about taking advantage of MSD and he says Audi doesn't do that. Can anyone confirm?

    Thanks in advance and I'll plug in the outstanding numbers when I receive them.

    Base numbers for 2016 S4 Prestige (with top tier credit - tier A)

    36/15 - .00119 and 51%
    42/15 - .00139 and 47%

    FWIW, S4 Premium Plus numbers are 3% better, which will help on your payment.

    Add 1% to the residual for AudiCare.

    Tier B (don't know what credit score that is), adds .0004 to the above numbers.

    So, either the dealer is inflating the MF on you and you do have top tier credit, or they don't know how to mark up the MF for tier B. Something for you to look into ...

    Running the numbers you've provided (and using the base MF and AudiCare adjusted residuals), I get the following $0 down pre-tax payments:

    36/15 - $823/mo + tax
    42/15 - $791/mo + tax

    Adding the .0004 to the MF changes the payments to $858 / $825

    What does the $1600 represent? Bank fee, first payment, dealer fee, etc?

    As far as we know, Audi does have an MSD program ... up to 9, each of which lowers the MF by .00005

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michael, thanks for the quick response and explanation providing some clarity on this. The $1600 is money down I will get clarification on this but I agree with you on the trim level, where a premium plus would work perfectly. I just want the B&O audio, nav, really. don't need the adaptive cruise control or rear sun shade. I will continue to look around.
  • Hi Michael, please take a look at this one. I ran the calculations through the edmunds lease calculator and come up with different numbers for monthly payment. What am I missing here? Theirs is $805 while mine came up with 780. If you can clarify the numbers for me, it would help. Don't know if I'd be getting a decent deal here.
  • MichaellMichaell ColoradoPosts: 121,294


    I get what the dealer gets .. within a few pennies, that is.

    Can't help you with your calculations - I built my own spreadsheet. On-line calculators often make assumptions we know nothing about.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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