robertsalem

What are peoples experiences with US Bank leases? Anyone know current Residuals and MF?

mwoc

I'd actually like to know the pros and cons of going with US Bank vs Audi Financial. I get that the MF with AF is horrible but I've also heard horror stories about US Bank when you go to turn your car in or try to trade it in. The savings in monthly payment due to lower MF may be somewhat offset at the end of the lease by bs 'excess wear and tear' charges. Anyone care to comment?

otteporihs

I did a lease on a new Q7 yesterday.

I investigated both AFS and USBank and ended up with AFS because although USBank had lower MF (0.00171) in compare to AFS (0.00260), USBank's RV was lower, 56% in compare to 60% from AFS. The monthly payment would turn out roughly the same, but I've heard turning in at USBank is such a hassle.

To clarify on AFS' RV, it's 59% on a Prestige, and bumped up to 60% when Audi Care is added.

Moewron

Just so I make sure I understand- does the 59% RV mean that your lease finances 41% depreciation? Or does that mean your lease finances 59% depreciation?

mwoc

You finance 41% of the depreciation - 59% of the car's MSRP is what the bank puts the value at the end of your lease term.

Moewron

Thanks!

Out of curiosity, how does that compare to other luxury brands? I'm sure there's a big difference within brands, like say between the depreciation of, say, an RS7, and an A4, but what about equivalent vehicles like the X5, LR, GLE/GLS?

Kennyr7

Otteporihs, What is your term & mileage?

snagitseven

Other advantages of leasing through AFS are they often offer early lease termination deals when leasing another Audi, a 1% residual increase if you roll Audi Care into the lease which by reducing the monthly paymemt, pays for a good chunk of the AC and a smoother lease return to an Audi dealer. AFS includes gap insurance, an absolute must have - not sure about other lease companies.

otteporihs

3 years & 36k miles.

asm777

FWIW, did 48mo & 10k/yr on a P+ @ .00176 and 56% residual with US Bank last month. 36mo & 10k/yr was .00171 and 63% residual.

Maybe on the Prestige the residual difference negated the MF savings, but on a P+, there definitely was a big financial difference between AFS and US Bank...