Very bad lease deal...?
#1
Very bad lease deal...?
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).
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).
#2
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.
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.
#3
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.
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.
#4
Banned
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
#5
AudiWorld Senior Member
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
39 months, 10k miles yr, 60% residual and MF of .0017
With $2k down came out to $725/month incl. 7% sales tax
#6
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
I already put 18% carbon tints and changed all the interior lights to LED. I'll post pictures later :-)
#7
Compared to that one my lease seems fine. My MSRP was higher plus the negative equity. Thanks for the info.
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#8
AudiWorld Member
Join Date: Mar 2012
Location: New Hampshire
Posts: 344
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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.
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