S6 (C7 Platform) Discussion Discussion forum for the C7 Audi S6 produced from 2012 - 2017

Lease Rates

Thread Tools
 
Search this Thread
 
Old 01-17-2013, 06:16 AM
  #11  
AudiWorld Super User
 
HyperS4's Avatar
 
Join Date: Feb 2010
Location: Lawrenceville, NJ
Posts: 2,922
Received 139 Likes on 102 Posts
Default

Originally Posted by GiantEli
There is a flip side to this though...if at any point during your Audi lease, the exit value (residual+sum of remaining payments) is typically less than (or close to) the market value, which means that it's relatively easy to get out of your car and into a new one should you so choose. In a BMW, you're stuck...
This is exactly the part that most people dont get. They only focus on the initial payment structure per month. I cant tell you how many times I get someone who wants to get out of their BMW/Mercedes lease early to get into an Audi and they end up being upside down to the tune of $5,000+!

Because of the heavy discounts from BMW and Mercedes right now, they are completely devaluing their cars whenever it comes time to get out of them. Its not like years ago when they would hold significant value at time of trade.

You might pay more for an Audi lease but its extremely easy to get out of one if you need to.
Old 01-17-2013, 08:41 AM
  #12  
AudiWorld Member
 
terminal nonchalance's Avatar
 
Join Date: Sep 2003
Location: CA
Posts: 441
Likes: 0
Received 0 Likes on 0 Posts
Default

Yes, when i traded in my S4 there was a good amount of equity in the car at lease end. I think it is pretty smart of Audi... I only lease due to the car being business use and it is a good write off. I like knowing that i most likely wont have to come up with a down payment in 3 years as i can just roll the equity into the new lease and carry on making payments.

I am sure most think Audi leases suck... and while the payments may not be as low as BMW or Merc.... The upside is on trade in or buyout...

Mike
Old 01-17-2013, 03:48 PM
  #13  
AudiWorld Member
 
jmk1's Avatar
 
Join Date: Feb 2012
Location: southeast
Posts: 127
Received 7 Likes on 7 Posts
Default

I have a BMW X5 and my lease ends this November and although I would love to order/own the S6 now, I can not since I am about 10k upside down. So, I will keep as close as I can to lease end and then try my local carmax. I won't be leasing again no matter what the business write-off is. My accountant tells me I can write-off a portion of a purchase as well.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
SaintCrew
S6 (C7 Platform) Discussion
2
12-05-2015 05:33 PM
audijeff1983
Q5/SQ5 MKI (8R) Discussion
19
11-18-2015 01:13 PM
Millennium
Q7 MK 1 Discussion
3
08-17-2014 10:47 AM
DrGP
S4 (B6 & B7 Platforms) Discussion
3
11-24-2008 03:27 PM
phred
A6 / S6 (C5 Platform) Discussion
7
04-18-2000 12:30 PM



Quick Reply: Lease Rates



All times are GMT -8. The time now is 03:34 AM.