S4 lease: $881.73 per month, no money down. But wait, there's more.
08-05-2003, 10:49 AM
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S4 lease: $881.73 per month, no money down. But wait, there's more.
That was the number given to me by my salesman on a 36 month, 15,000 mile a year lease with all taxes rolled into the payment. I was quoted a 54% residual with a .00155 money factor on a car with a MSRP (including gas guzzler tax) of $51,900.
If you can write a single check up front, the cost drops $90/month. The S4 will cost $28,609. Last year, an M3 (with a higher residual but higher money factor) was $31,326 for the same 36 month, 45,000 mile lease. That makes my old M3 about 10% more expensive than my new S4. Seems about right to me.
If you can write a single check up front, the cost drops $90/month. The S4 will cost $28,609. Last year, an M3 (with a higher residual but higher money factor) was $31,326 for the same 36 month, 45,000 mile lease. That makes my old M3 about 10% more expensive than my new S4. Seems about right to me.
08-06-2003, 02:47 AM
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Not necessarily true.
Unlike a cap cost reduction, a single pay lease results in a credit balance that shows on your monthly statement. In the event of a total loss, that money should be returned and insurance should take over. AoA leases also provide that AoA has the option of replacing the car. No New York court would look kindly on AoA trying to keep a large credit balance for a car they refused to replace in a ploy to get around the consumer's statutory protection from GAP liability. The sales manager also said the pre-paid lease credit balance would be returned in the event of a total loss. For a couple of hundred bucks, I would rather keep the money in my pocket. Saving $3,263 over 3 years (more than a 10% discount)seems like good deal to me.
Alan
Alan
08-06-2003, 04:27 AM
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That's in the case of a pre-paid lease...
in other words, you are giving Audi a loan, with the understanding that you will be paying less per month for the benefit of them having your money and being able to invest it. It's win-win for them and win-lose for you. If you just reduce the cap cost, then you do lose all the money. I have friends that are more affluent than me that pre-pay the ENTIRE lease, and yes they do get that money back, in case of total loss.
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