395 messages,
Last post on May 20, 2013 at 6:33 PM
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Audi S4, Car Buying, Car Leasing, Sedan
#23 of 395 Is this a good deal?
by kstrike155
May 03, 2010 (11:39 am)
Here's what I'm looking at:
2010 S4 Premium Plus
42 month lease w/ 15k per year
AudiCare
Sports rear differential
Quartz Gray
B&O Sound
Carbon Fiber dash
19" wheels
Wheel lock kit
My trade:
2007 A4 2.0T Sline w/ 46k on the odometer
They are giving me $20,200, I owe $12,200 (supposedly only worth $18,500)
Down payment:
Using $4k from the trade down towards the lease, getting $4k cash back
$750 Audi loyalty
First month's payment
(so approximately $5350 down)
Total price: $629.28 per month after taxes
Thoughts?
Brian
#24 of 395 Re: Is this a good deal? [kstrike155]
by andysmd
May 04, 2010 (7:25 pm)
What is the purchase price, money factor and residual they are offering? Without this info hard to determine if deal is good or not.
#25 of 395 Re: Is this a good deal? [andysmd]
by kstrike155
May 05, 2010 (5:11 am)
I instead decided to do this:
$750 loyalty, plus $600 down
$8000 cash back
MF .00138 (could only get C tier credit w/ no money down)
Residual 48%
Sale price: $49224.21 (plus 625 acq. and 790 AudiCare)
42 months/15k miles
$743.99/month
I know the sale price is high, but they are giving me $1700 over normal trade value for my car. I saw their profit screen and they are losing around $700 on the sale when all is said and done. I'm sure they make it up elsewhere, and that the "normal" trade value is low. I signed the papers last night, though. I think it's a pretty good deal for no money down. Invoice on the vehicle is $47,890, MSRP is $50,630.
Brian
#26 of 395 S4 Premium Plus
by levessh
May 07, 2010 (8:02 pm)
Car_Man,
Could you post the money factor and residual for a 2010 S4 Premium Plus with 12K per year.
Thanks for your help.
#27 of 395 Re: S4 Premium Plus [levessh]
by Car_man HOST
May 10, 2010 (2:58 am)
Here you go, levessh. Audi Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 S4 Sedan Premium Plus with 12,000 miles per year are .00107 and 52%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#28 of 395 Re: S4 Premium Plus [Car_man]
by scooter260
May 15, 2010 (6:08 am)
Sorry, rookie leaser here. Can you tell me how I use the above cost of money data from Car_man? Thanks!
#29 of 395 Re: S4 Premium Plus
by scooter260
May 15, 2010 (6:17 am)
I have one more question, too! Is it reasonable for me to believe I will be able to lease a new 2010 Premium Plus S4 for 12,000 miles/yr for no more than $650/mo with $0 down? I could lower the annual mileage to 10,000 if I needed to. I live in Minneapolis (55424).
As you might presume, I have never leased (or bought!) a car before. I do know I want to lease though.
Thanks!
#30 of 395 Re: S4 Premium Plus [scooter260]
by dhamilton
May 27, 2010 (4:27 pm)
No
#31 of 395 Re: S4 Premium Plus [scooter260]
by Car_man HOST
Jun 01, 2010 (3:03 am)
There's no need to apologize, scooter260. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#32 of 395 Re: S4 Premium Plus [Car_man]
by redsushi
Jun 25, 2010 (2:51 am)
Hi Car_Man,
Can you please post the current money factor and residual for a 2010 S4 Premium Plus
10K per year 36 months? Thanks!