2016 S3's - Lease Terms?

[sjh13]

Hey guys, I'm looking into a lease. Here's what I've been able to negotiate to thus far:

2016 Premium Plus
B&O
LED Pkg
Black Optic Pkg
Tech Pkg

MSRP: $51,880

Lease Offer:
3 Year / 15k Miles
$1,000 out of pocket (incl. all fees, this is drive off)
$575/month (incl. tax)

Has anyone else been able to get a lower monthly? I am trying to get it down to around $450/month.

[ChrisF1]

Couple of things:
- what's money factor
- residual
- I was able to negotiate 6k off a similar MSRP last Friday. no reason why you shouldn't be able to do the same for a lower capitalized cost.

[PRGRMMR]

I honestly don't think you're going to get much better than that. That's one of the best payments I've seen, especially for those packages. Did they give you the details on the Money factor and residual percentage? Lease rates can be manipulated by dealers and the number they increase is the money factor, along with doc/acquisition fees. Edmunds is a good source for finding the current money factor on a car. http://leasehackr.com/ is another good resource when it comes to leases.

I would also only put as much down as it takes to cover the fees, I wouldn't put any down toward the car itself.

[fhwang]

Lol that's a great deal man

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[sjh13]

Residual is 55%. I'd prefer a higher residual for a lower monthly. The Audi guy told me that "corporate sets the residual value at 55%" and there is no room to adjust. Anyone else hear of the same thing?

I am not sure what the money factor was for those terms.

[redwing497]

The Audi guy is right. If $1,000 is ALL you have to put out of pocket to lease that car, I'd take that deal and run away as quickly as possible! Honestly, on an MSRP like that and 15k per year it's a CRAZY good deal. You WILL NOT get an S3 down to $450 per month. It would be virtually impossible. I have a feeling, though, that the $1,000 is a down payment in addition to what's due at signing (i.e., first month payment, lease acquisition fee, motor vehicle fees, dealer doc fees, etc.)

[Faster444]

Sounds like a solid deal. I just picked up a 2016 Mythos Black Premium Plus S3 w/Tech/B&O/Black Optic/LED's/Super Sport seats.

My lease term was
3 Year / 10k Miles
$1,000 down + 1st month payment
$499/month (incl taxes)

MSRP: $53180

Considering you're getting 15k miles I'd say jump on it.

[sjh13]

The monthly's are actually $575/month including taxes. The $1,000 out of pocket includes all fees and first months. Audi has a 55% residual value on the terms.

Here's my dilemma:

A buddy just picked up a brand new Lexus IS 350 F Sport. Same sticker price ~$51,000. Here's the deal he got:
3 year Lease - 15k miles/year
$1,000 out of pocket (incl. all fees & 1st months)
$450/month (incl. taxes)
62% Residual Value

Considering they are similar MSRP, and the IS 350 F Sport is a (semi) competitor to the S3... wouldn't you think Audi could at least come a little closer on the monthly's?

[PRGRMMR]

Audi is known for not having the most attractive lease deals. Its mostly due to their residual percentage. I don't think you're going to get a Lexus or BMW level deal with with an Audi :/

[Michigan_Rings]

The monthly's are actually $575/month including taxes. The $1,000 out of pocket includes all fees and first months. Audi has a 55% residual value on the terms.

Here's my dilemma:

A buddy just picked up a brand new Lexus IS 350 F Sport. Same sticker price ~$51,000. Here's the deal he got:
3 year Lease - 15k miles/year
$1,000 out of pocket (incl. all fees & 1st months)
$450/month (incl. taxes)
62% Residual Value

Considering they are similar MSRP, and the IS 350 F Sport is a (semi) competitor to the S3... wouldn't you think Audi could at least come a little closer on the monthly's?

Probably not. You also have to take into consideration the Money Factor. Base Money Factor is: 00010 (if you have Tier A Credit).

Also need to factor in your Cap Cost as well. Use this for reference : http://forums.edmunds.com/discussion...e-questions/p5

To be honest, I think you're getting a great deal for $575 a month INCLUDING taxes. Residuals are set at 55%. But it's possible your dealership has inflated the money factor due so they can make more of a profit.

[Baggio]

To get the lease payment lower, you are going to have to negotiate a lower purchase price than the MSRP price you posted. You should be able to get that a little lower to offset the monthly payment a bit.

[gaogi]

With these numbers:

MSRP: 51,880
Residual: 55%
Sales Tax: 9%
Money Factor: .001
Monthly with Tax: 575.00

You're at a selling price of about 47,250.00. If you're able to get the selling price down to 6K under MSRP like another poster has said he was able to get, then you'll pay about 533.00 a month with tax.

[PbanyS3]

Hmmm face lifted 2017's should be here this summer with an extra 10hp. Deals on 2016's should be hot then...Yummy!

You should be below $45,880 or better at minimum!!

[sjh13]

Just thought I'd close this out, picked up my S3 on Saturday. Here are the packages and terms I got:

2016 S3 Premium Plus - Sepang Blue
Tech Pkg
B&O Sound
Black Optic
LED Lighting Pkg
Red Brake Calipers
Homelink
Cargo Box, Grocery Hooks, etc.

MSRP: $51,880
3 Year / 15k Miles
$2,000 Out of Pocket (incl. 1st month)
$530 (tax included)
Also got Audi Care

I think I did pretty good for a Sepang Blue, and very happy with the ride!

[RudyH]

man I m scratching my head on this....

Just using the Audi web site calculators, how is the MSRP $200 more in Canada vs US, but we are paying almost double for a lease over the same term and similar mileage $906 vs $560 respectively

Obviously there is some negotiation to knock a price down, but something ain't right...I was about to be like how did you get such a great deal, compared to Canadian costs

[ryanbeattie.me]

The monthly's are actually $575/month including taxes. The $1,000 out of pocket includes all fees and first months. Audi has a 55% residual value on the terms.

Here's my dilemma:

A buddy just picked up a brand new Lexus IS 350 F Sport. Same sticker price ~$51,000. Here's the deal he got:
3 year Lease - 15k miles/year
$1,000 out of pocket (incl. all fees & 1st months)
$450/month (incl. taxes)
62% Residual Value

Considering they are similar MSRP, and the IS 350 F Sport is a (semi) competitor to the S3... wouldn't you think Audi could at least come a little closer on the monthly's?

The monthly's are actually $575/month including taxes. The $1,000 out of pocket includes all fees and first months. Audi has a 55% residual value on the terms.

Here's my dilemma:

A buddy just picked up a brand new Lexus IS 350 F Sport. Same sticker price ~$51,000. Here's the deal he got:
3 year Lease - 15k miles/year
$1,000 out of pocket (incl. all fees & 1st months)
$450/month (incl. taxes)
62% Residual Value

Considering they are similar MSRP, and the IS 350 F Sport is a (semi) competitor to the S3... wouldn't you think Audi could at least come a little closer on the monthly's?

Audi is more of a boutique brand, the Lexus', and BMWs of the world are notorious for artificially inflating their residuals effectively locking you into your term. Audi on the other hand gives you a guaranteed, which makes it much easier to side step into another car before your lease ends. If you're going to the cheapest monthly payment - Audi is not the car for you.

I can't help but give a little sigh of frustration when this topic comes up.. there are so many more variables that people fail to mention.
- Sell price?
- Money factor
- Sales tax? (varies per state)
- Dealer/ bank and reg fees? (varies per dealer)
- Audi Care? (That bumps the residual up a point)
- Audi Incentives? (New owner aquisition, loyalty?)
- Credit score? (Not everyone qualifies for Tier I)

Short of sitting in the Business Office with you at the dealership, these threads on "Did I get a good lease deal?" are pointless...

[ryanbeattie.me]

The monthly's are actually $575/month including taxes. The $1,000 out of pocket includes all fees and first months. Audi has a 55% residual value on the terms.

Here's my dilemma:

A buddy just picked up a brand new Lexus IS 350 F Sport. Same sticker price ~$51,000. Here's the deal he got:
3 year Lease - 15k miles/year
$1,000 out of pocket (incl. all fees & 1st months)
$450/month (incl. taxes)
62% Residual Value

Considering they are similar MSRP, and the IS 350 F Sport is a (semi) competitor to the S3... wouldn't you think Audi could at least come a little closer on the monthly's?

Audi is more of a boutique brand, the Lexus', and BMWs of the world are notorious for artificially inflating their residuals effectively locking you into your term. Audi on the other hand gives you a guaranteed, which makes it much easier to side step into another car before your lease ends. If you're going to the cheapest monthly payment - Audi is not the car for you.

I can't help but give a little sigh of frustration when this topic comes up.. there are so many more variables that people fail to mention.
- Sell price?
- Money factor
- Sales tax? (varies per state, obviously)
- Dealer/ bank and reg fees? (varies per dealer)
- Audi Care? (That bumps the residual up a point)
- Audi Incentives? (Loyalty, New Owner Acquisition.. etc)
- Credit Score? (Not everyone qualifies for Tier I)

Short of sitting in the Business Office with you at the dealership, these threads on "Did I get a good lease deal?" are pointless...

[clerkpalmer]

The monthly's are actually $575/month including taxes. The $1,000 out of pocket includes all fees and first months. Audi has a 55% residual value on the terms.

Here's my dilemma:

A buddy just picked up a brand new Lexus IS 350 F Sport. Same sticker price ~$51,000. Here's the deal he got:
3 year Lease - 15k miles/year
$1,000 out of pocket (incl. all fees & 1st months)
$450/month (incl. taxes)
62% Residual Value

Considering they are similar MSRP, and the IS 350 F Sport is a (semi) competitor to the S3... wouldn't you think Audi could at least come a little closer on the monthly's?

I know this isn't directly on point but the Lexus is underpowered and the slush box in their awd is awful. I cross shopped these two cars extensively and the S3 is the better drivers car. I wanted to like the Lexus but I couldn't. I'm not surprised Lexus is having trouble moving those cars. Nice car don't get me wrong but until they upgrade the engine, it's not in the same league. BTW seeing these lease deals makes me crazy. A year ago a 2015 S3 was leasing in the high 600s. Times have changed.

[damdeez]

Just thought I'd close this out, picked up my S3 on Saturday. Here are the packages and terms I got:

2016 S3 Premium Plus - Sepang Blue
Tech Pkg
B&O Sound
Black Optic
LED Lighting Pkg
Red Brake Calipers
Homelink
Cargo Box, Grocery Hooks, etc.

MSRP: $51,880
3 Year / 15k Miles
$2,000 Out of Pocket (incl. 1st month)
$530 (tax included)
Also got Audi Care

I think I did pretty good for a Sepang Blue, and very happy with the ride!

I was looking at the exact same equipped car except in Florett Silver Metallic with the same specs and term deals. Except they were not going below $595 including tax. This was two months ago. You got a crazy good deal! Hoping to try again once my home refinance goes through later this month.

[forbiddenbeat]

Just an FYI, I got 11% off MSRP. Make sure you're getting roughly the same.

My payment is about that with CA taxes, but for 10k miles. You're getting a good deal, so either you got some incredibly low MF, or they are already giving you a good discount.

[2lo]

Hey I'm prob late to the thread but I got a similar deal.
16
White
B&O
Tech
Led
Performance package
HomeLink
MSRP of $51,790
MF .00073
CAP $45,460
$574 monthly
36 months 15k
PA


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[2lo]

$43,817 cap cost. Sorry I had re-check.


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[2lo]

Missing stuff left and right... $1000 total out of pocket


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[Blaine]

Only other way to drop the payment down any more than you have already is to get a 84 month loan with some $$ down instead of a lease. My bank was 2.49% for a 84 month loan with excellent credit. I was way under that payment, but I didn't have to pay sales tax, put 6k down, and I dropped the Audi care warranty since a Stage 3 is in my future.

Lease has never been an option for me due to the low miles allotted and I like to mod... a lot.