Specs and details please...

.00187 is money factor which is 4.49% I believe. The residual on 12k miles for 3 years is 59% which is decent. I looked at the volvo v50 which has a residual of 46% after 3 years. Insane.

So on the audi, even if you get into the 39k range, its still going tocost you $650 or more to lease the car. There's no getting around the crappy residual.

Todays wisdom from everywhere says buy instead of lease and hold the car for more than 5 years.

Nobody wants to lease cars because they get all these cars back onto their lots and they have too much inventory of used cars.

Premium 2.0TQ, $3500 down, 10k, 36mths, $398 a month. Am I missing something?

It's a base model.

It's only 10k a year.

Seriously...

The only person who would jump on that deal is someone who wants to rent a luxury namebrand for the lowest monthly payment possible regardless of actual terms.

$650/mo including AudiCare, Tire/Wheel protection
P+ w/Nav
36 mo / 12 mos.
$0 down ($2k due at signing for fees, etc.)
Picked it up 9/5 so had it for over a month already, prices may be better now.

I have never leased-so after the 3 yrs you turn it in and they sell the A4 for ~40K-25K=$15,000?

I must be missing something but that would be a great car to pickup after the 3 yr lease is up.

Can anyone elaborate a bit using these numbers so I can get a better idea? Thanks

So I'm paying about $21k over 3 years and residual is $22k. I know I didn't get a good deal...couldn't care less. :)

The residual in this case is $22K which is the projected "value" at end of lease date and the price you would pay for the car at the end of the lease if you want to buy it. If you turn it in, they sell it for whatever the market will actually bear at that time. (They're guessing at no less than your residual).

A lease is nothing more than a "short" term loan with interest on the amount of the car's selling price less the residual (essentially the anticipated depreciation). If you "buy down" the lease with cash, you are buying down the payment but many feel this is not a good idea for several reasons. You're paying cash up front for their car (Audi finance owns the car).

If you're someone who plans to keep a car for 6-7 years, it's probably best to buy it with a longer term loan if the interest rate is close to the lease rate (the money factor is the interest rate used in leases; multiply the money factor percentage times 24 for the equivalent annual interest rate). If you plan on keeping it for three years, say, and getting another car, a lease might be the best option.

There's a wealth of info on the internet about leases and how they compare to a loan.

That's a lot better than what you'd have to pay to lease in Canada.

With a 2.0T Premium ADS, NAV, Wood, they offered $1000+/month + 5% tax for 36 mo (without audicare or wheel protection).

That's just a little too much for leasing a car and they said it'd only go down in maybe 6 months or so..pretty ridiculous lol

Our Acura lease is up next month. But they offered to extend it for up to two years at the same payment with a 30 day notice to terminate. The TL has less than 27k miles. So, we'll just stay with it until we see where the economy & lease rates are going. We'll save the down payment and at least $100/month.

car companies are having a hard enough time selling what they already have. Anything they can keep off the lots is desirable. It would definitely be worth asking about.

the only thing I didnt ask them about was extension.

Basically they say 'closed end lease', no deals.

The dealer says they can't make deals on the car and what they offered is what they offered to sell it to me for CPO'd which I think is too high but they know they can stick it on their lot and sell it because its an Avant and they cant keep them on the lot for very long.

$486 per month (inclusive of 6.8% tax and AudiCare)
$748 Out of Pocket (first pmt + registration/license fees)
36 months / 12,000 miles per year
Appx. 58% Residual
2.0Tq Premium with Symphony + iPod + heated seats

means the car was around 33k?