lipak23

Looking to lease an A4 Season of Audi with MSRP $45,925. Live in NYC. Best offer: $2700 at signing (NYS tax, all fees, 1st payment) and $399/month thereafter. 12k/36 months. First time leasing - does this sound like a reasonable deal? Thanks!

VipinLJ

No matter what. Do not put money down. Mine down is money gone (salvadors words, not mine).
Go to edmunds.com, register there and check out the Audi A4 forums. Ask the experts there for the best MF right now. Give them this MSRP and ask them what you should be paying with zero down.
And then go talk to the dealer.

HyperS4

That's actually a good deal. He's not putting any money down, just inceptions. There's a difference, money down is cap cost reduction, which isn't recommended typically, but inceptions(taxes and fees) are normal. I personally did a lease with just first month out of pocket but that's only because I didn't have the ability to to put the fees and taxes up front too.

SYMAWD

What is the selling price of the car?

salvadorsantana

Sounds like a solid deal. In NYC tax gets collected at the beginning so those $2,700 are going towards tax and inceptions (dealer fee, bank fee, etc). You can roll the $2,700 onto your monthly payment and should go up by...like $65.

Exactly, money down is money gone lol. But in this case NYC collects taxes at the beginning...in this deal I'm gonna speculate that at least $1,200 are going towards taxes and the rest towards inceptions like dealer fee, bank fee, tag, etc, etc. Here in Miami when we get zero down offers that means any cash put down besides inceptions, so one goes ready to at least pay $2K in inceptions or roll the inceptions into the lease payment.

Correct, great deal given the whole deal of tax and inceptions upfront.

srolle

good deal.

sounds like you got >10% off MSRP and an RV of around 60% with a standard MF. maybe some incentives were applied with SoA to help out.

VipinLJ

You are right. I thought he was putting money down.

It looks like an excellent deal to me!!!

lipak23

Thank you all for your advice. I had the dealer email me the contract and these are the numbers for my 2017 Season of Audi A4:

.00043 MF, 58% residual, adjusted cap cost is $39,280, $399/month

As for the $2700 due at signing, it covers all New York taxes, lease acquisition fee, title and tag fees, admin/doc fees, and the 1st monthly payment.

As for incentives, I received $750 cash back (which is why I am paying $2700 at signing instead of $3450).

Per Vipin's advice, I confirmed on Edmonds that the MF and residual is correct.

VipinLJ

With zero money down, it looks like a really good deal to me!! $400 for an A4 is an excellent deal.

anyc

Its a good deal. Im in NYC also , am leasing a season of audi a4 and im paying $10 more a month. No money down