Wimped Out On New Rs4 Lease

[stinsy]

:cry: okay, as you may have read I have been inquiring about what people have been negotiating on RS4 leases. I can only lease (company) so that's all I've been thinking about. Today I got a call from my dealer that my RS4 was delivered (2 months early) and I went to have my come to Jesus on what the lease price was. I saw the new Avus Grey RS4 right in front of my eyes and it was gorgeous.

My current S4 is 850 a month but my company will only cover 1100 but the reality was that it was 1400. So there you have it: 1400 lease for 12k 36 months RS4 with the luxury package for 73K purchase price. I think the loan rate was 3.65 %, not terrible. But holy crap, 1400 is getting into M5 territory. So I left the dealership with no RS4 just my lowly B6 S4.

What do you think? Is 1400 ridiculous to pay for this thing? It's the answer to the question I've been pondering for months and I don't like the answer. The A8L is only 1200. WTF?:cry:

[jasaretta]

3.56% !!!! Wea re paying around 7% - why not lease it over a longer period. ? 36 months you will just start loving the car.

[MR USER]

Just go for it, it's worth every penny.
THere is no other car with similar power and performances for the same price tag.

Take it!!!

[exE46M3]

$1400/mo is a bit of rip off IMO... I mean, that's almost like saying that the car will depreciate 69% in 3 years... Sure, when you lease you're not only paying for depreciation, but that's definitely a good chunk of it.

Anyway, if you like the car and $300/mo won't hurt you, why not? :thumb:

[stinsy]

The other little detail is they're charging me 3500 to get out of my S4 lease early. I've got 6 mos left on it, but I'm so jacked up on the RS4 that I wanted to get it the minute it came to the US.

Truth is I'll probably still do it. I couldn't sleep last night with the image of that thing that I sat in, started up and stared at for 2 hours while we negotiated.

The US spec interior is VERY similar to mine so that is not as exciting a difference. But the look of the exterior is insane in person. The 911's at the dealership looked weak next to the RS4.

Audi's got me wrapped around their finger.:rs4kiss:

[exE46M3]

Yeah, they won't let you out of it earlier... Paying $3.5K for something that you won't use sucks... :(

But I know the feeling... You get hooked the minute you see the new car you've been longing for...

:0:

[India Whiskey Charlie]

Originally posted by jasaretta
3.56% !!!! Wea re paying around 7% - why not lease it over a longer period. ? 36 months you will just start loving the car.
What he means is that the lease money factor is 0.00356 which is the equivalent of 8.5% APR.

0.00356 x 2400 = 8.544

[stinsy]

Goddam you know leases! 8.5% seems like a crappy rate, no? Think I should try to hammer it down? What's normal these days?

If I could get them down to 1300-1350 I'd do it. Something about that 1400 mark seems crazy. Can't I get a new M5 for that? That's a 90K car and I'm pretty sure it's in that lease territory, right? Not that I'm sure I'd prefer an M5 to an RS4, but it's the concept of a much more expensive (and still very desirable) car for that same lease price that burns me up.

thanks for any advice.

:vgrumpy:

[India Whiskey Charlie]

Originally posted by stinsy
Goddam you know leases! 8.5% seems like a crappy rate, no? Think I should try to hammer it down? What's normal these days?
Lease figures may change monthly. Normally, residual rates do due to depreciation as time goes by. As of this month (through 7/5/06), Audi Financial figures are as follows:

Money factor buy rate of 0.00307 for 12-36 months lease

Money factor buy rate of 0.00327 for 39-48 months lease

An Audi dealer is allowed to add up to and no more than 0.00125 to the above buy rates as profit. You may, depending on various sale factors, negotiate the lease rate with your dealer. They don't have to make a profit on this if they feel they're making good money on the sale of the car.

The set residual values are as follows:

78% for 12 months, 68% for 24 months, 62% for 27 months, 59% for 30 months, 56% for 36 months, 51% for 39 months, 48% for 42 months and 46% for 48 months.

The residual value is a percentage of the MSRP not counting gas guzzler tax.

Alternately, ask your dealer for lease rates and conditions going through other banks. Dealers normally have access to other leasing company and some may have lower money factors.

[jasaretta]

Thanks for clarifying ;)

[rheudabaga]

I was right there with you, Stinsy. Walked away with a B7 S4 Avant instead.

[rado2rs4]

for anyone that works at a dealer is this true...my friend's dad works for nissan he told him that if u walk in there and say u have a 720 or higher credit score that they have to take ur word for it so it is as of u have that credit score??? fact or fiction? :vhmmm:

[stinsy]

Got a voicemail from the Dealer this morning. "there's something I think we can do for you", he said. Interesting. Never underestimate the power of walking away from a negotiation. We'll see. I'll keep posting about my progress. Maybe I will be in that RS4 afterall... :vhmmm:

[exE46M3]

Originally posted by stinsy
Interesting. Never underestimate the power of walking away from a negotiation.

That's true... If they let you out of your lease, that's already something...

Plus, it's not like they sell 73K cars every day...

Best of luck!