biador619

Good morning all. I just wanted to get opinions on my recently leased B9S4. I recently leased a 2018 audi s4. amazing car! well msrp was at 6100 and they dropped it down to 5600. purchase price at the end of the lease is set at 37000. I pay 800 monthly which already includes tax and this is for 36 months. I put upfront was 1500 was for the first months lease along with title/registration/fees. I wanted to get opinions on all this even though I signed the papers. thanks so much in advance.

carys4

The numbers sound reasonable although I'm sure you're missing zeros in the 61000 and 56000. $800 is typical for a car like this. Is it a premium+ or a prestige?

seven-six-two

I suspect your numbers are not exact and perhaps rounded up/down for convenience? I don't know how sales tax is applied or the rate where you are. With that said, it looks like a good discount of around 8% which from what we have seen of dealer documentation would be below invoice (7%).

We'd need exact numbers (MSRP, cap cost, MF, residual, etc, acquisition, lease end fee, actual payment, doc/title, sales tax etc) to determine how good the deal really was. Sales taxes and how they are applied also make it difficult to gauge.

markcincinnati

Getting $5K off is pretty impressive -- as a stand-alone data point, certainly. I'm wondering if the miles are 15K and if the car is a prestige configuration, which is certainly not out of the possibility of having a $61,000 MSRP.

Was this leased through AFS or some other lender?

Finally, who gives a flip if "we" think it is a good deal? If you're pleased with the deal, that counts a lot more than the folks (and they know who they are) who claim -- no matter what -- they could do it better.

I got 6.5% off and I'm fine as wine with mine.

biador619

Thanks for the replies fellas. I wont be able to get the exact numbers just yet as I just flew out to Mississippi to meet my ship. Hopefully I'll be back in a few weeks and get you guys the numbers. Markcincinnati, you are right though... I shouldn't give a flip. I was just wondering and trying to get some info out there to people who are in the market for one. The car is amazing though!

biador619

so maybe just a lil more info...
Premium Plus Package. MSRP $60,500.00 includes (tech package, sport package, dynamic steering package, 19" wheels, carbon fiber inlays, and in metallic black)


Invoice was about $57,300 or so.
Selling price as right about $56,000.
$740.00 per month (or $800.00 with californias 8% tax)
10k miles per year
36 month lease
price of car at end of loan $37,000
$1,500 upfront ($800 for the first month / $700.00 for registration, tax and title)


From what I remember this was about it....

aj6

I don't wanna flame anyone, but each one of these "great deals" I see with more than 7% MSRP discount it's always a lease. It's not apples to apples with ouright purchase discounts.

Think about it this way... take out taxes, registration, etc. In order to own the car, you pay $740 for 36 months, total of $26,640. Then you pay the $37k to buy it at the end of that period. Total purchase price of $63,640. $3,000 OVER MSRP!

I understand the benefits of leasing vs buying in certain situations and particularly if you are going to move into another new vehicle in less than 5 years. Unless I'm missing something, every one of the lease posts claiming large MSRP discounts is not considering the total purchase cost.

So what am I missing?

seven-six-two

Nothing as far as I can see.

If you bought the same car for a standard ACNA 6% discount (S4's are eligible) in cash, you'd pay $56,870. After three years, you sell it for the agreed residual of $37,000, and so would have paid the equivalent of $552 a month instead of $740 a month. That's about a $7000 difference over 3 years. There's a reason the auto industry calls it a "Flease". The customer has to come back to get shorn again and again, and again.

RedKloud

You already got it so doesn't matter if it was a great deal or not... just enjoy the car.

gravi

The argument is flawed because you are ignoring the cost of money when purchasing. Most people do not pay cash, and some Finance people will tell paying cash for a depreciating asset is not always a good idea. If you finance the total cost of the vehicle you need to add in those finance charges. Even if you pay cash there is an opportunity cost of the capital invested. It may be smaller but not zero.