rayli1107

Was able to buy S3 with a Daytona 1 Package. Adjusted capitalized cost is $44204 and estimated residual value is $28838. At about .00209 rate on my lease terms, this comes out to be $630 a month over 36 months.

Is this worth it?

Alternative is to finance at 2.9% interest rate at $830 a month over 60 months.

Thanks,
Ray

rayli1107

And also do people buy the different maintenance packages?

They suggested I buy the 60 months/45k miles maintenance ($920), tire/wheel replacement during the lease ($923) and $10k excess wear & tear waiver (for $900).

DennisMitchell

.00209 x 2400 = 5% interest rate

If that is the best rates you can find, then I would buy. You save not only on interest rate, but you can avoid the $695 lease acquisition fee.

I would get the Audicare prepaid maintenance for $920.

I would pass on the other two insurance policies. Chances are you will not have issues with your wheels / tires. You could consider excess wear and tear insurance if it covers tires that are worn below 5/32" (usual excess wear for tires). If not, pass it up.

That is my opinion.

D-Nice

if you financed how much would you put down for those figures?

gamegenie

always finance or buy with cash.

Never lease. Lease is the new gimmick way automakers push cars to consumers and then at the end of the lease of you pouring your money down the drain they stip you with a nice nasty disposition charge and fees.

Don't do it.

meestursparkle

I am considering the same vehicle.

Only considering the purchase price, after reselling it, in 5 years, for 50% depreciation , it would have cost me about $14 a day to own that same car. Your lease seems to work out to $25 a day for three years. That is about $300 a month extra. $3600 a year.

Fast and loose comparison by a finance no-nothing but still food for thought.

garlandpr

You may want to rithink your math... After 5 years you are looking at close to 70% depreciation not 50 %... Audi residuals for an s3 right now are around 53 - 56 % on a 36 month lease...

garlandpr

With that money factor it is not a good idea to lease it, but if you are self employed and can write off a big chunk of the lease then it is another story.... Maybe very close as buying it...

rayli1107

44204 is my amount after downpayment, regardless of finance or lease.

The way I see it, if I lease for 3 years and then buy the car I would pay
(630 * 36) + 28838 = 51518 total

If I finance for 5 years I'd have to pay
830 * 60 = 49800

Which is only a $1718 difference, not that much.

Is that how I should calculate it?

meestursparkle

Like I said I am not a financial or math whizz but are you saying that in 5 years my new S3 would be worth 70% less....15K?!

That sounds a little extreme to me....to say the least. Maybe those are the numbers the lease dept would want you to believe but........

Below is a link to 2010 Audis for sale in my area. Cheapest seems to be the A4 which sold new for around 31k.....they are for sale starting at about 15k to 20k (by sane people, there are some crazies asking almost new price).

2010 A3 sell for even more than the A4. And the 2010 S4 seem to hold there value at far better than 70% depreciation.....

I might be wrong but 45-50% seems about right to me. Especially seeing as it is brand new generation here in the US.


Used 2010 Audi cars for Sale in Washington, DC 20015 - AutoTrader.com