Never leased a car before. Does it make sense to lease an S4?
11-04-2003, 08:26 PM
#11
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It is 30%,
Car is $53,090.00 plus GG for $54,790.00, plus tax,tag, destination, prep, for a total of $56,700.00 approx.
30%= $16000 plus the taxes/fees, dealer will fudge it alittle to get a round number, it's the way I do the math, keep it simple.
30%= $16000 plus the taxes/fees, dealer will fudge it alittle to get a round number, it's the way I do the math, keep it simple.
11-04-2003, 09:47 PM
#13
1-2%? Gotta do more with your money than savings/money market account!
Putting large sums of money down on a lease to buy down the monthly pmt is nuts IMO. Even in times of small investment growth, you can never regain the compounding effect lost over the term of the lease ... nevermind the periods/growth beyond that. Moreover, with lease programs at interest rate equivalents of 2.9%, you could surely recover more than enough to offset finance charges over the term of the lease - and then some - even with moderately safe investment vehicles.
11-05-2003, 12:05 AM
#14
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Audi allows multiple security deposits to lower the money factor....
by doing this you give 10 security payments, it cuts the money factor in half. My car was 54,400 and my payment 756.00 with taxes. But I had to give them $7500 for a security deposit, which is refuned at the end assuming you have normal wear and tear. This saved me about $80-90 a month.
I think its the best way to lease if you have some cash to outlay, its like making 10-12% interest.
I think its the best way to lease if you have some cash to outlay, its like making 10-12% interest.
11-05-2003, 03:02 AM
#15
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Don't make your decision to lease because you can't afford to buy.
If that is your rational don't do it. I did this many years back and regret doing it. If your going to lease do it for other reasons.
11-05-2003, 08:50 AM
#18
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hedge against 1st model year
I chose to lease because it was the first model year for the car, and I had seen some of the issues on the board.
This way Audi not only bears warranty risk but resale risk.
If terminal value is > residual I will pocket it by flipping or exchanging on a new Audi, if not, I turn the car back in and Audi eats it.
My thinking anyway...
This way Audi not only bears warranty risk but resale risk.
If terminal value is > residual I will pocket it by flipping or exchanging on a new Audi, if not, I turn the car back in and Audi eats it.
My thinking anyway...
11-05-2003, 09:52 AM
#20
Nope ... on a lease, your cap cost reduction is nothing more than a payment buydown
Easy example ... if you have a 36 mos lease and put $3,600 down, your payments will be exactly $100 less each month.