Need Advice on a potential first purchase 2016 A4 B8

[sr2002]

Hello,

This is my first post. (I am posting this again here, as I might have to make a decision this week and need some urgent words of wisdom)
I am a recent grad and this is my first ever car purchase.

I visited my local dealer which I was planning to initially buy a CPO 2015 A4 premium base with about 2k miles on it and only owned by the previous owner for 6 months.
The lowest I could get them on it was about $29k out the door after my tradein (tradein worth 2000$).

They then told me to instead look into leasing a 2016 model, they said since the 2017 model is out, they only have one 2016 A4 Premium Plus + Tech. package car left which the can offer some heavy rebates on.

So the final out the door price on that 2016 A4 was about $37k out the door after my $2000 tradin.
The lease numbers they gave me were about $352/month with a $5k down payment for 36 months with 36k miles. The residual they are saying would be about $20k after the lease term. These numbers were offered based on a 1.4% APR (I don't yet know what my APR is going to be, but I do have 'Good' credit)

Now my question was, is that really a good price they are offering for this model? They have advertised the lease as 'Balloon' lease, can you please explain to me if there are any traps involved with these types of leases? Do I need to look/ask them for any specifics so that I don't end up signing something unfavorable?
And, if this is not a good option, do you recommend me to look at any other models/brands that have better lease/finance deals? ( I am trying to keep my insurance+monthly payment under $600/month).
Any help would be appreciated !

[Project Quattro]

I'm not an expert on leasing, but without seeing specifics I think that sticker price seems relatively reasonable (assuming non-sport, automatic, Quattro, with tech package). If it isn't quattro, don't get it. If it has the sport package, even better. The lease payment also seems about right.

If you just graduated, take advantage of their college grad program. You get put into the top credit tiera free month

https://www.audiusa.com/content/dam/...web-spread.pdf

^ The payment thing isn't specifically called out, but it used to be the case anyway. Worth a shot. And the college grad program has benefits regardless.

Read the buyer's guide I put together... You definitely want a Prem+ or higher, and personally I'd advocate for a 2016 vs. a 2017 since new generation cars tend to have some teething issues.

[The Fat Kid]

Recent college grad? I would buy a CPO Corolla for $15k and save money. You will have plenty of time to get an expensive car, but you do not want to be hooked to a nice car if life throws you a curve ball. I believe it is a mega PITA to get out of an Audi lease (I don't think they can be assigned), so research that before you sign any paperwork.

Timing is EVERYTHING when it comes to car shopping. You generally want to shop at the end of the quarter/year since manufacturers give dealers incentives to move product. Call all the dealers in your area, tell them what the last dealer offered, and then just ask if they can beat it.

I am not a lease-math guy, but here are a couple tips I have learned on AZ:

Apparently you want to put as little down as possible; you would lose that $5k deposit if the car were totaled.

Audi leases usually suck. You should look at BMW if you want to lease; I don't know what 3-series lease for, but I know guys were getting F80 M3s for less than $700/month.

[Audi 4 Life]

since its your first post cut you some slack next time try searching....there is actually a buyers guide that has a sticky on the first page in this section.

And seriously you want to lease??!?!?! whatareyoustupidorsomething!?!!?!?!?!?!?!?!?
since nobody told you leasing is the biggest waste of money when it comes to cars. and the dumbest thing you could ever do. when it's over you still have no car and a lot less money. If you want an Audi I suggest you save up a few K and buy a B6 Ultrasport. They are a great generation with timeless look, plenty of mods available. And the best part is you will OWN the car!

Even if you had a good salary financing a new car is a poor choice from financial aspect. if you can save up a few thousand I highly recommend B6 1.8 or B7 2.0t. both are great choices.


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