jsmbi

The money factor the dealer quoted me for a 3yr/36k S6 lease from Audi finance calculated out to an 8.5% interest rate (55% residual). Other models carry 6%-7% rates. Does this sound right? Anybody find another lease company with better rates?

tinmanwpk

Shop around. There are many listed in your phone book, or try your bank and credit union. They will lease cars. 8.5% does sound high.

gk1

Not that I blindly trust everything the dealer says, but he seemed ok.

He said the high end cars like the S6 and S8 depreciate so fast as to almost make leasing not worthwhile. Hw said it's better to simply finance a vehicle like that.

At $76k MSRP and 55% residual what did the monthly come out to with zero down? Something like $1400-$1500?

Inocent Bystndr

there won't be any "miracles". I just leased an S6 and found that the AFS deal was beaten by US Bank. The 36 month payment was almost $70 cheaper. The key to my deal was that I was able to negotiate about $4k off the MSRP for the cap cost.

And, 24 hours later.....I love this car!

Sentinel

What was your money factor? And I assume US Bank determined the residual? The lease on my C5 is ending in 3 months and I am beginning to shop for another.

Inocent Bystndr

.0028. Still not great, but better than AFS for this car. The residual was 54% for 36 mos./12K per year. That is the shortest and lowest mileage lease they will do (so I'm told). The residuals still stink for Audis, especially the higher end ones so it is all in the money factor. I think the AFS money factor was .0033 for similar deal. The good news (relatively speaking) is that it is "only" $.18 per mile to go over your allowed mileage on the US Bank deals compared to $.25 (i think) on AFS leases for S6 or A8.

These cars are still relatively ugly to lease, so it was helpful that my dealer was able to reduce the cap cost about $4K from MSRP for me. I run the lease through my company so I keep reminding myself that Uncle Sam is shouldering some of the load of this payment!

Sentinel

Thanks for the response. This is very helpful. Hopefully Audi will have a special during March & April with more favorable rates and residuals. I met with a BMW dealer last week. Their money factor was incredible low - around .0012; but I decided to wait and see if can lease another A6.

jsmbi

I've found banks/CU's with better money factors, but the residuals suck. I guess nobody is taking chances on what the S6 will be worth in 3 yrs...

For 36mth, 12k.
S6: .00357 money f, 55% res. $1,422/mo and $2,226 due
A8: .00289, 55% $1,294/mo and $2,098 due
A6: 4.2 .00180, 54% $894/mo and $1,698 due

gk1

That S6 price is just sick. I'd sooner get the A8 and that A6 4.2 price looks very nice.

When I got my A4 the stealer wanted $850 + $4000 for an A6 3.2 S-Line.