Last post on Dec 05, 2013 at 3:32 PM
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Audi S4, Car Buying, Car Leasing, Sedan
Feb 24, 2013 (6:55 am)
Excellent response daveg35. You are exactly right, consumers who order vehicles are usually able to lock in the program that is available at the time the order was placed and switch to the program that is available at the time of delivery if it's better.
Prices Paid: Buying & Leasing Experiences Forum
Mar 19, 2013 (9:08 am)
I'm scheduled to take delivery within a couple of weeks on a 2013 Premium Plus, 12k mi., 36 mo. Can you let me know the money factors for April. I ordered the car back in late January and I'm wondering what the best MF would be.
#342 of 559 Re: 2013 Delivery [quattrorings]
Mar 19, 2013 (9:23 am)
April numbers will not be released until probably the second week in April. For your trim package, term and miles per year, the Buy Rate MF is .00068 and the residual is 55% for January through April 6, 2013. I would not expect interest rates to get much better than the current program.
#343 of 559 Re: 2013 Delivery [isles1]
Mar 20, 2013 (10:29 am)
Do you think you could let me know the numbers if it was 10k miles/year?
#344 of 559 Re: 2013 Delivery [quattrorings]
Mar 20, 2013 (3:34 pm)
Residual changes to 56% 10K miles per year.
#345 of 559 2013 S4 Premium Plus S tronic
Mar 21, 2013 (11:30 am)
I need your help...
I'm considering leasing an S4: Monsoon Gray metallic, 19" whees, Carbon Atlas inlays, B & O Sound, and Audi advanced key - $53,200.00. Dealer is happy to let it go for $ 50,700.00 and I'm confortable with that price.
Now, here's what I think doesn't add up: 36 Mo/10K with 0 down: $766.05/month... Sure, I'm still waiting to hear on what the actual residual (I'd guess something around 55-56%?)/MF are, but that does seem a bit too high, right?
Also, I live in FL and their fees are: battery fee $1.50, doc fee $578.40 (I know there's padding here as I can't believe xferring tags costs that much), electronic filing $15.00 (related to the previous item), license $450.00 (again, if I'm xferring tags, why do I have to pay for this?), Lemon Law $2.00, tire fee $5.00.
I currently have a 2012 GTI that is also leased. I have leased other Audi/VW cars over the years. I'm pretty sure that given my history with Audi FS/VW Credit I can ask them to waive security deposit, right?
I would really appreciate your input. Thanks!
#346 of 559 Re: 2013 S4 Premium Plus S tronic [rx350lessee]
Mar 21, 2013 (9:16 pm)
Just heard back from the dealer... According to them, MF/Residual are: "36 month MR 0.00108 Res. 56% of MSRP".
So, residual seems to match what isles1 had already stated in the above thread, but what about that MF? Seems high compared to what I've seen posted here... I mean, 0.00108 (2.59% APR) x 0.00068 (1.63% APR)...
And numbers don't add up anyways...
36 MO/10K lease:
53,200 * .56 = 29,792
50,700 (negotiated price) - 29.792 = 20,908
20,908 : 36 = 580.77
(50,700 + 29.792) * .00108 = 86.93
580.77 + 86.93 = 666.93 + TAX (7%) = $713.61
$713.61 is $52.44 less than the $766.05/month he quoted me earlier today... That's a $1,887.84 difference over 36 MOs!
So, is the current MF really 0.00108?!?
Many thanks in advance for any thoughts you can share with me.
#347 of 559 Re: 2013 S4 Premium Plus S tronic [rx350lessee]
by kyfdx@Edmunds HOST
Mar 22, 2013 (3:33 am)
Acquisition fee? Doc fee? Title and registration?
#348 of 559 Re: 2013 S4 Premium Plus S tronic [rx350lessee]
Mar 22, 2013 (4:56 am)
The dealer is padding the MF or you do not qualify for top tier credit.
MF for 36 month term leases is .00068 through April 2, 2013 for MY2013 S4s.
You also need to have fees broken out of the equation. $695 acquisition fee is standard, as are title fees (max. $75 in NY State) which vary by state. Dealer prep and document fees are generally used to pad a deal for dealer profit. Will you pay license and reg fee at signing or roll into payment? Same question goes for acquisition fee and title fee.
If there is not a lot of dealer competition in your area, you may want to hang back until orders for MY2014 start being accepted. You may see incentives for dealers to move 2013 stock off the lot. Otherwise, shop around.
#349 of 559 Re: 2013 S4 Premium Plus S tronic [isles1]
Mar 22, 2013 (5:54 am)
Thanks for that, isles1...
This is most certainly padding as they have not run my credit yet.
Right. I'll certainly refuse to pay that much for fees like "doc fee" ($578.40) and "license" ($450.00). Sure, I can pay something, but not $1,028.40.
See, the title fee in FL shouldn't be more than 80.00. Since, I'll be xferring tags, it's my understanding that registration shouldn't be that expensive. Especially because I renewed it in January and the tag is being xferred from an RX350 to the S4, which is lighter, i.e., less money to register...
To be honest with you, the only fee I'd like to pay at signing is acquisition (as you stated, there's no way around this one), but since we're always stuck with those other fees, I was planning on also pay for them at signing.
Unfortunately there are not that many Audi dealers around... Only 2 in a 50-mile radius...