Lease deal?
08-15-2012, 06:22 AM
#11
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08-15-2012, 07:00 AM
#12
Your overall deal still seems pretty good. Even with only 10k miles its better than the numbers I could get from the website.
08-15-2012, 07:10 AM
#13
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I have a order on a S4 right now and my payments are right at $500 a month with 9k down. If I didn't put any money down it was going to be around $800 a month.
It's a 36 month with 10k miles a year. I did go with the Prestige, Sports Diff, 19" wheels, Carbon Inlays, and Supercharged badging.
It's a 36 month with 10k miles a year. I did go with the Prestige, Sports Diff, 19" wheels, Carbon Inlays, and Supercharged badging.
I'm with moose_head on this one, why not hang on to the cash and pay this out over 3yrs?
08-15-2012, 07:27 AM
#14
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I have my own reasons, but also by reducing the price of the vehicle in theory will be less money Audi will be making on interest from me on the lease.
The S models are holding there value too, so the residual price will be higher at the end if the lease. Very good possibility I'll receive a 3-5k from Audi at the end of the lease.
The S models are holding there value too, so the residual price will be higher at the end if the lease. Very good possibility I'll receive a 3-5k from Audi at the end of the lease.
08-15-2012, 07:37 AM
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08-15-2012, 08:12 AM
#16
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How is that going to work? They get the car back and they don't refund you anything no matter how much more the car is worth than the residual that drove your payments.
08-15-2012, 09:23 AM
#17
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I have my own reasons, but also by reducing the price of the vehicle in theory will be less money Audi will be making on interest from me on the lease.
The S models are holding there value too, so the residual price will be higher at the end if the lease. Very good possibility I'll receive a 3-5k from Audi at the end of the lease.
The S models are holding there value too, so the residual price will be higher at the end if the lease. Very good possibility I'll receive a 3-5k from Audi at the end of the lease.
some banks (i know bmw does, not sure about audi) will give you much lower rate if you pre-pay the entire lease amount, but that is the highest risk to you.
p.s. about totaling, etc - nobody plans for it, you car can be parked and hit by a truck, or stolen and wrecked, etc...
take a look here for more info: http://www.ridewithg.com/index.php/2...s-august-2012/
right now with s4 (with 10k miles/year) the bank will buy the car back for 60% of msrp, so you will be paying (let's use $60k price for example):
$60K-6%-$500 = $55900
audi will buy the car back for 60% = $24000
so you're financing $31900 @ 3.384% interest (that is if you buy everything at "buy" rate with no dealer markup)
08-15-2012, 09:33 AM
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08-15-2012, 11:56 AM
#19
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Good summary...A leasee also needs to account for an upfront acquisition fee, termination fee, mileage overage, inspection damage, etc.
Most financial advisors highly recommend that you don't choose the option to lease a car if you cannot afford to buy it. Leasing is best for someone that can write-off all or part of their lease payment.
Most financial advisors highly recommend that you don't choose the option to lease a car if you cannot afford to buy it. Leasing is best for someone that can write-off all or part of their lease payment.
08-15-2012, 12:29 PM
#20
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OP, FWIW, I agree with Stereodude and igord, keep the capital in your bank account and pull from it each month to account for the difference in the lease payment. Only pay the required amount (acq fee, security and/or first).
I know BMW Financial allows for up to 7 multiple security deposits (MSD's). This will reduce the money factor and thus reducing the monthly payment. The benefit it that you get the cash back at lease end. You may want to inquire with the Financing Mgr to see if this is an option with Audi FS.
I know BMW Financial allows for up to 7 multiple security deposits (MSD's). This will reduce the money factor and thus reducing the monthly payment. The benefit it that you get the cash back at lease end. You may want to inquire with the Financing Mgr to see if this is an option with Audi FS.