Considering leasing a 2016 S6, what rates did people get.

[Elderan]

I am considering leasing 2016 S6 and just getting an idea of the lease rates. I emailed my sales guy but not heard back yet. Looking for 3/36 and 4/48 with MSRP $85,000.

[MLee]

audi leases are the worst. expect to pay around $1200-1300 a month for 3y/36k.

[SunDevil]

4 yr lease does not make sense. Lease factor depends on your credit score. There is a formula for converting the lease factor into a more common interest rate. Also the lease rate depends on how much you put down.
Leases work if you write them off in a business. Not sure why anyone would lease for personal use.

[Djpeaksd]

I would go to edmunds to see what the current money factor is on an S6! If I remember correctly I negotiated my money factor down to .00067. You may already know this but you can times the money factor x 2400 and it will give you your rough interest rate. Also know you should get Audi care because it will give you a 1% residual bump so Audi care will only actually cost you a couple hundred bucks. If you want my specific lease details just let me know and I will share them with you.

[Djpeaksd]

Yeah the sweet spot for leasing audis seems to be at 3 years, any shorter or longer it just doesn't make sense.

[NewS6AudiFanNYC]

in NYC....I got .00058 MF which was locked in Feb. Took delivery this past Saturday. Sale price was 70,300 for Prem Plus, LED, Carbon, Comfort Seats, Daytona paint....42 months, 835 /month plus tax and fees up front for about $5100. Would have been 924 with 1800 upfront if I rolled taxes in. Included 1500 conquest cash. Deals are out there to be had. Believe residual was 55%.

[MVcycleart]

About a month from my deal, MSRP $91K, 39 months, 12K miles, put down $7500 to include first payment, and the cost of front bra and paying $1239 a month. In the lease is lowjack, gap insurance and audicare and $2K of negative equity on my S4. Hope that helps.

[Silent Drone]

I'm on my third A6 lease. Done via my business for tax benefits. As was said, go to the Edmunds.com subforum for Audi A6/S6 and post asking the moderator to give you this month's AFS money factor and residual for the specific trim (prestige or premium plus) and mileage you want. The premium plus usually has a lower money factor. Then insist that the dealer give you the AFS money factor with no markup. With that the only thing left to negotiate is the price you will pay below msrp. I think 6% off is respectable. That's it, from there your monthly payment is just a mathematical calculation using these variables. If the dealer will give you the AFS money factor and 6% off msrp or better that's a good deal imo. As was also said, buying the Audi care is also recommended because it bumps your residual up 1%.

Audi's leasing is not as favorable as BMW's. So if you want the best deal on an Audi and you don't need/use the tax benefits then paying cash is usually a better financial move.

Good luck!


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[andrewaw]

I would go to edmunds to see what the current money factor is on an S6! If I remember correctly I negotiated my money factor down to .00067. You may already know this but you can times the money factor x 2400 and it will give you your rough interest rate. Also know you should get Audi care because it will give you a 1% residual bump so Audi care will only actually cost you a couple hundred bucks. If you want my specific lease details just let me know and I will share them with you.

Great advice to OP. You HAVE to negotiate the money factor. I also got .00067 was was teh buy rate, which is what I would ask for. Teh selling price and the money factor are really the only thing negotiable. The residual is set, with the xception of the 1% additio. For Audi care. My recommendation: negotiate the selling price first (as you would for purchase or lease) then the money factor. Be prepared to walk. You should be able to get around 6% off MSRP IMO. DO NOT let them talk to you and get you to negotiate based on monthly payments, negotiate the selling price :)
Good luck

[andrewaw]

About a month from my deal, MSRP $91K, 39 months, 12K miles, put down $7500 to include first payment, and the cost of front bra and paying $1239 a month. In the lease is lowjack, gap insurance and audicare and $2K of negative equity on my S4. Hope that helps.

Only disagreement I have here is most will say not a good idea to put any cap cost reduction (money down) on a lease. You lose it as you have no equity at the end of the lease. It does reduce your cap cost and subsequently your lease payment, but not a wise use of your money if you do the break even analysis IMO.

[agent47]

Only disagreement I have here is most will say not a good idea to put any cap cost reduction (money down) on a lease. You lose it as you have no equity at the end of the lease. It does reduce your cap cost and subsequently your lease payment, but not a wise use of your money if you do the break even analysis IMO.

I agree. I wont put any money down on a lease I think. Purchase would be a different story.

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[Elderan]

in NYC....I got .00058 MF which was locked in Feb. Took delivery this past Saturday. Sale price was 70,300 for Prem Plus, LED, Carbon, Comfort Seats, Daytona paint....42 months, 835 /month plus tax and fees up front for about $5100. Would have been 924 with 1800 upfront if I rolled taxes in. Included 1500 conquest cash. Deals are out there to be had. Believe residual was 55%.

That looks like an really good deal. I am mostly seeing 51% residual value on 3/36 from the edmunds forums.

I am thinking of a 2016 prestiege, most of these are 85k msrp and hoping to get it down to 79k.

[Elderan]

I agree. I wont put any money down on a lease I think. Purchase would be a different story.

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My only issue with not putting money down on a lease it can balloon your debt to income ratio which can cause problems down the road.

[ronbars]

Any issue that having a higher outstanding lease balance would cause would more than adequately be backstopped by having the cash that was not used as a cap cost reduction on the lease available in liquid form. That said, if the difference between a lease balance with and without a cap cost reduction would put someone in jeopardy creditwise, a car this expensive doesn't make sense for them.

[Djpeaksd]

Only disagreement I have here is most will say not a good idea to put any cap cost reduction (money down) on a lease. You lose it as you have no equity at the end of the lease. It does reduce your cap cost and subsequently your lease payment, but not a wise use of your money if you do the break even analysis IMO.

Yeah that is good advice as well because if the car is totaled or stollen all that money down is gone! Me personally i rolled the dice and put a good chunk down because it was a mental thing for me. I just would feel weird having a $1,400 car payment, i know it is irrational thinking because I put that money down up front but I just couldn't get past it in my head, hahahaha.

[krayz]

For leases another thing to consider is MSD (multiple security deposits)

You can use MSD to bring your rate down and good thing is its a security deposit so you get it back at end of lease. Not many people know of this. It is not same as cap cost reduction.

However though it's not available in every state. I moved from ny to now in seattle and in Washington we can do MSD. For example I leased 2014 535xi with msrp of 67k. Selling price was about 10k less than msrp but with MSD my lease is $590 month 3yr 36k miles. I will get the $4200 I put down as MSD back at end of lease.

Long story short for anyone who leases if your state allows MSD, use those to bring money factor down on lease.

[Silent Drone]

For leases another thing to consider is MSD (multiple security deposits)

You can use MSD to bring your rate down and good thing is its a security deposit so you get it back at end of lease. Not many people know of this. It is not same as cap cost reduction.

However though it's not available in every state. I moved from ny to now in seattle and in Washington we can do MSD. For example I leased 2014 535xi with msrp of 67k. Selling price was about 10k less than msrp but with MSD my lease is $590 month 3yr 36k miles. I will get the $4200 I put down as MSD back at end of lease.

Long story short for anyone who leases if your state allows MSD, use those to bring money factor down on lease.

Audi doesn't offer MSD. At least not in my state. BMW does. In general, a BMW lease is going to be a better deal because of this and because of the way BWM subsidizes their leases. I still went with Audi though because Beamer, meh, and besides, in not a douche. Lol

[Djpeaksd]

Audi doesn't offer MSD. At least not in my state. BMW does. In general, a BMW lease is going to be a better deal because of this and because of the way BWM subsidizes their leases. I still went with Audi though because Beamer, meh, and besides, in not a douche. Lol

If by better you mean cheaper payment yes! But that is due to the fact that BMW has inflated residues on all their vehicles so basically you are stuck in it the whole term of the lease and you are forced a good amount of time to turn the car in and then have to deal with wear and tear (which BMW has been getting more picky on). Audi on the other hand has pretty underestimated residuals which does give you some options if you need to get out of your lease a little early, and what I have been seeing is that at the end of the lease a lot of Audis are worth more then the residual which puts you in a way better position for your next car. Based on what my residual is and what 2013's are going for, I should (knock on wood) be sitting pretty at then end of mine.