No change from last month. Incentives remain the same as well. There really isn’t much to say about Audis. I don’t really find their lease programs all that attractive right now so it’s tough to recommend as a lease. Sure, there is lease cash and loyalty cash available for retail purchases, but I think the residual is too low and the average sale price isn’t aggressive enough to turn a lease into a great deal. I’m not holding out a lot of hope for great Audi leases this month. However, if you are planning to lease an Audi this month, please drop in and leave a comment about the quotes you are getting. I am interested in seeing what kind of numbers you are getting.
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2012 AUDI A4 2.0T QUATTRO PREMIUM AT
MSRP – $35,475
Sale Price – $33,593 ($750 loyalty lease cash applied)
Monthly – $453+ tax
RWG Rating – 81.5
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2012 AUDI A3 2.0T QUATTRO PREMIUM AT
36 Month – Residual 52% of MSRP – .00089 Base Rate
2012 AUDI A4 2.0T QUATTRO PREMIUM AT
36 Month – Residual 53% of MSRP – .00080 Base Rate
2012 AUDI A5 2.0T COUPE QUATTRO PREMIUM AT
36 Month – Residual 53% of MSRP – .00122 Base Rate
2012 AUDI A5 2.0T CONVERTIBLE QUATTRO PREMIUM AT
36 Month – Residual 52% of MSRP – .00075 Base Rate
2012 AUDI A6 3.0L QUATTRO PREMIUM
36 Month – Residual 48% of MSRP – .00070 Base Rate
2012 AUDI A6 3.0L QUATTRO PREMIUM PLUS
36 Month – Residual 48% of MSRP – .00070 Base Rate
2012 AUDI A7 PREMIUM PLUS
36 Month – Residual 50% of MSRP – .00143 Base Rate
2012 AUDI A8 SEDAN
36 Month – Residual 44% of MSRP – .00057 Base Rate
2012 AUDI Q5 2.0L PREMIUM
36 Month – Residual 50% of MSRP – .00136 Base Rate
2012 AUDI Q7 3.0L PREMIUM
36 Month – Residual 51% of MSRP – .00162 Base Rate
2012 AUDI Q7 3.0L TDI PREMIUM
36 Month – Residual 53% of MSRP – .00160 Base Rate
2012 AUDI S4 PREMIUM PLUS AT
36 Month – Residual 55% of MSRP – .00062 Base Rate
2012 AUDI S5 COUPE PREMIUM PLUS AT
36 Month – Residual 56% of MSRP – .00099 Base Rate
2012 AUDI S5 CONVERTIBLE PREMIUM PLUS AT
36 Month – Residual 55% of MSRP – .00104 Base Rate
2012 AUDI TT 2.0T COUPE QUATTRO PREMIUM PLUS
36 Month – Residual 50% of MSRP – .00034 Base Rate
I was a little suprised to hear G’s negative comments on the current Audi leases. Although I do agree that these programs may be worse than some other marques, but when you compare to other German marques- the Audi numbers actually look good. And, compared to recent Audi programs, the current offers are great. Furthermore, I’d expect these offers to get worse in a month or two when the 2013 models arrive. I must confess that I put a premium on low MF, even if I need to sacrifice residual; I think this leaves more flexiblity if you want/need to get out of the lease.
Finally, I scored a great deal on an S4 last month. My sell price ended up being almost $3500 off MSRP, plus $1000 conquest money.
I have been researching an S4 lease, can you share your numbers?
The vehicle I was looking at was an S4 Prestige. It had some features that I did not want to pay for, so I held off. Below is a numbers estimate for your deal, is this close to what you came to?
REQUIRED
MSRP
Sale Price
Fees Rolled In
Term (in months)
% Residual
Money Factor
% Sales Tax
Miles Per Year
DETAILS
% off MSRP
% Interest Rate
Adj Cap Cost
Purchase Option
Depreciation
Rent Charge
Total Rent Charge
PAYMENTS
Base Payment
Base + Tax
Base + Tax + Fees
RwG DEAL RATING
90+ = GREAT!
Correction from previous post:
MSRP – 50,300
Sale Price – 45,800
Fees Rolled In – 1500
Term (in months) – 36
% Residual – 55%
Money Factor – .00062
% Sales Tax – 7.25
Miles Per Year – 12,000
% off MSRP – 8.946322067594437
% Interest Rate – 1.488
Adj Cap Cost – 47300
Purchase Option – 27665.000000000004
Depreciation – 545.4166666666665
Rent Charge – 46.4783
Total Rent Charge – 1673.2187999999999
Base Payment – 550.2282999999999
Base + Tax – 590.1198517499998
Base + Tax + Fees – 634.8073517499998
RwG DEAL RATING – 86.6582861453449%
Andre, your estimate is off. My MSRP was 55500. I gave you the discount and G gives you the MF and residual.
You should find the car you want and then shoot for 0.00062 MF, residual of 57% for 12k per year and then MSRP minus disount (whatever you can get).
The most important thing is to get the car you want, a few dollars this way or that way should not matter- get what you want. Even 3 years is a long time to live with a car.
As Chad mentioned, get what you want because the last think you want is to be leasing a car you aren’t completely satisfied with for 3 years. It is a long time and it is your money. Make sure it’s well spent.
Now lets review numbers here.
A couple of things to note is that discounts off MSRP will probably be based on a percentage rather than a fixed dollar amount. Chad’s discount is about 6.4% off MSRP (excluding the conquest cash), so lets use that instead of the actual $3500 discount.
MSRP – $53550
Sale price (6.4% off) – $50123
Minus Conquest – $49123
RES – 57% (12k miles per year)
MF – 0.00062 (1.49%)
Monthly (with tax 7.25%) – $607
RWG Rating – 88.9
Your inception fees due at signing – This will be far more than the $1500 you anticipated to roll into your loan. First payment will be $607 + Bank fee $695 + DMV (?) + Dealer Doc (?) + Sec Deposit (?). I’m thinking more like $2000 to $2500.
Now, if you don’t qualify for the conquest cash, things get uglier:
$638 per month.
RWG rating 85.7%
In summary, Chad is correct in that if you get an aggressive sale price and available incentives apply to you, you can actually get a pretty decent deal on an S4. This doesn’t apply to everyone one though. Plus, if you don’t have multiple Audi dealers to cross-shop with, you may not necessarily get 6.4% off MSRP. Factory Invoice is about 5% off MSRP. To get to 6.4% means you have to get the car at almost dealer cost, maybe slightly below that. Not easy, but not impossible.
My personal thoughts on Audi, MB and BMW leases right now is that they aren’t very aggressive. They may be in line with each other and perhaps Audis may be slightly better on certain models, but my analysis only focuses on the MSRP / Monthly payment ratio. You may find value in driving an Audi at $600 a month vs driving a BMW at $700 a month. But I would probably opt for an Infiniti at $500 a month.
@G
what a great response!
thanks for the great site. i’ve turned many people on to it and all love it. nice work. keep it up.
thanks chad! I appreciate the compliments and the referrals. It helps keep a good thing going. So I am going to see the S4 or what? send it to my “thewall” at “ridewithg.com” email. 🙂 Love to share it to everyone else.
how its going to look like lease numbers for 2013 RS5?
I dunno. I lost my crystal ball 😉
:)ok I know.Once the announce the MSRP will be easier to tel me..
Tony, they’ll likely not even have a supported lease. The best insight is likely gained from looking at TT RS numbers. I do not think there are supported leases right now. Without support from Audi Financial, the lease numbers are going to look dismal. You’ll be way better off buying, which may or may not be aoptions, but the lease numbers are going to look bad.
What is your suggestion then -to buy or lease RS5?I am planning to lease cause in 3 yrs I would like to turn it back and get another sick Audi hopefully RS7. But you scared me when you said the lease numbers are going to be bad.What do you think so Chad?
You can always sell the RS5 in 3 years if you finance (or lease for that matter). Without the numbers (MSRP, MF, residual and current finance rates), this is all conjecture. My only advice would be to look at both finance and lease options once the numbers are out and the car is available. Like I said, until then, we are just guessing.
Yeah, thats what I am going to do and once those numbers are posted I’ll ask you again…
Does anyone have the residuals for a 30 month S4 lease with 12K miles a year
Just got penciled for a Premium Plus A7 with rims and got a 42 month 0.00167 and a 49% residual value. Is it just me or do these numbers just seem wrong? The sales price looked great but a 49%? Help me out here G.
well it is a 42 month lease, so I’m not at all surprised. Audi is also known to have fairly low residual values.
May 2012 lease rates out yet? Thought they came out on the 2nd?
Yeah. They should be out by now.