JohnMustaparta

So I recently got a Certified Pre-Owned S4 with 4k miles on it. I'm pretty sure I got a really bad deal and didn't noticed till I read other peoples rates here in the forum...

Car has: Premium Plus, 7-Speed Auto, B&O, Sports Diff, Nappa Leather, MMI, Gloss Black Package, Side Assist.

MSRP $54k
42 month lease
7,500 miles per year
Trade-in: -$5k (I was very upside down).
$4k down + First month
Dealer didn't charge me acquisition fee, and other fees. All my down payment when to cancel the trade-in
Residual: $29-30k
$820 month

I know there's nothing I can do about it, I love the car though (My first audi).

RickFLS4

I didn't realize you can lease a used car from an Audi dealer. I wouldn't be surprised if used MF is higher and not sure what type of discount you got off ask price so difficult to compute MF.

Negative equity killed you but pretty high monthly payment to lease a used car with only 7,500 miles / year. Solve for the MF and if it is high, consider buying it out of the lease if you can finance at a lower interest rate.

JohnMustaparta

Yeah, Audi Financial let's you lease a Certified Pre-Owned as long as the car has less than 10k miles.

DrGP

Generally you do not get a great deal leasing a used car. Common practice is it is better the buy used and lease new. Always exceptions. BTW, did you get a 2014? Also, never have seen a lease before with under 10K miles per yr. I've ben leasing for 20 yrs. You probably would have done better leasing a new S4

audi40

Co-worker just got a 2015 S4 prestige, 6 speed manual. MSRP was $56,500+/-, less 6% supplier discount was $52,XXX.

39 months, 10k miles yr, 60% residual and MF of .0017

With $2k down came out to $725/month incl. 7% sales tax

JohnMustaparta

Yes, it's 2014. I thought about get in a new one but I really like the 2014 Black Optic Package 19" wheels, they are my favorite. Yeah it was weird to get 7500 miles. I'm loving the car so much that I'll probably keep it after the lease.

I already put 18% carbon tints and changed all the interior lights to LED. I'll post pictures later :-)

JohnMustaparta

Compared to that one my lease seems fine. My MSRP was higher plus the negative equity. Thanks for the info.

doobs41378

I have a 2012, my MSRP was $56,400. I put no money down, 12k miles a year for 42 months and mine is $639 a month with Audicare. I do think your price is high but I also think I got a great deal.