ArtWood

Hi All,

First time post.

I'm in the market for my first Audi - an S7.

Here's the spec:
2014 Audi S7
Base: 80,200
Cold Weather Package: +500
Driver Assistance: +2,800
LED Headlights: 1,400
Power Closing Doors: 500
All-Weather Floormats 195
Destination: 895
Metallic paint: 500

MSRP: 86,990
Negotiated Price: 86,000

Here's the lease the dealer is offering:
36 months
15,000 miles/year

$2,130.58 Due at signing (first payment plus 695 acquisition fee)
Residual Value: $46,001.35

Monthly Payment: $1,435.58

Doing the math, I think that makes my money factor .0025 or 6% APR. This seems really high to me and the residual value (53% of purchase price seems quite low). I'm not really experienced with car buying or leasing (but have done some homework) so not sure how accurate my hunch is.

I don't think the dealer is willing to negotiate much more on the cap cost of this car and I don't think dealers can negotiate residuals and money factors, as that's the leasing company's gig.

Any thoughts on whether this is a good deal or not?

Thanks!

jhebert

Check with a credit union they might have a better rate but sometimes they have a lower residual.The nice thing about a dealership finance is that if after 2.5 years you are tried of the car they can work a deal to get you into a new Audi verus having to wait till 3 years to get out. This what found when I leased my MB 2.75 years ago.

jhebert

Check with dealership yesterday was told for 2014 S7 a rate of .00181 or 4.344 % for 3yrs 15000 miles

jhebert

any news of lease rate on the 2014 S7 are?

jhebert

Talk to AFS today and their rates are staying the same as they were last quarter. 2.9 and .001991 for leases