2021 Audi A5 Sportback Premium Plus Quattro Lease (Northern Virginia)

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Hello -

First post here. Usually I am very aggressive in my negotiations with car dealers (leased several Mercedes in the past) but decided to switch it up and grab a Audi. Unfortunately, during my car buying process, some life things came up and I was not in tune as I usually am and couldn’t put the process on hold as I needed a new car ASAP. I can’t help but think I got taken for a ride but would like the communities feedback on my deal. It also doesn’t help that I live in Northern Virginia which is especially expensive for car ownership (taxes must be paid up front and property tax accessed semi-annually). Something feels off on the deal as I have seen some folks on here get 450ish so I am curious how mine compares.

2021, Audi, A5, Sportback Premium Plus Quattro
MSRP: $48,810
Selling Price: $43,915.05
Monthly Payment: $ 495
Drive-Off Amount: $ 4995 (payment goes towards taxes (1799), title (73), acq fee (895), doc fee (695), gross receipts tax (74), first payment (495), and 964 towards cap cost reduction
Months: 36
Annual Mileage: 10K
MF: 0.00116

Residual: $26,842.75
Incentives: 1250 (Costco)
Region: Vienna, VA (NoVa)

Love the car but love it less if the deal sucks. Any advice that can be provided would be greatly appreciated.

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Did you verify rv/mf/incentives with Edmunds?

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it’s not that great of a deal but I have seen a lot worse. Enjoy the car and post pics!

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Never used Edmonds before. Only incentive I was aware of was the Costco cash down. Believe my MF equates to about 2.8% which seems high.

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the deal is signed- no looking back now- just enjoy your new ride

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How bad is it?

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Stop looking for ways to ruin the enjoyment of your new ride

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8

Only way to know if it’s higher than it “should” be is to verify buy rate mf and compare.

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9

Actually you pay PPT on cars once a year.

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That makes sense actually. I am just used to Mercedes collecting semi-annually to lessen the burden at the end of the year.

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Looks like I got the right residual 55% (assume its based on msrp and not sale price) vs. recommended 55% but a bad MF - should of been in apr terms .8% vs. 2.8%

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RV only changes based on lease term. Decent discount but marked-up MF. Not a terrible deal, but it is a nice car so enjoy!

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Just enjoy your car, if it puts the smile on your face each time you drive. If it helps, think about that poor sap who didn’t have Costco and paid close to MSRP with inflated MF on this car somewhere. Seriously, I’m sure there is one, if not couple, currently sitting in finance office signing papers. You didn’t do that bad.

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14

To contextualize this, a mark up from .0003 to .00116 represents about a 4% pre-incentive discount off MSRP on a 36 month lease.

Assuming your $43915 selling price doesn’t include the $1250 Costco incentive, your adjusted selling price here is about $45900, putting you around 6% pre-incentive. I think you’ll find that while that isn’t amazing, and may have room for improvement, it’s definitely not in the “getting taken for a ride” category.

Use this as a learning experience to make sure you do your homework fully next time and not rush into anything.

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Thank you for that explanation. I will be ready next time!

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