fell in love with a 2021 audi RS5. sticker is 87k.
dealer told me with 3k down it would be a $1500/month payment for a lease with 10k miles/36m.
i am blown away. i know audi residuals are terrible, but i was looking at the jag f type r for 110k that leases for less than that and their residuals are just as bad.
i assumed $900/month would be a reasonable payment. am i way off base?
Did you get the numbers from Edmunds, plug them into the calculator, and estimate an aggressive but doable pre-incentive % discount based on other RS deals/data points? That’s how you come up with a target deal. That deal you were given could be the going rate, or it could be selling at sticker+tons of adds+marked up MF
Yes, most likely. Gotta run the numbers on it to see, but RS models typically lease poorly.
If you got to $900/mo because you read about the 1% rule somewhere, forget you’ve ever heard of it. It’s a poor metric of what something should lease for.
all your down payment disappears in the event the car is totaled.
Ask here for the program numbers if you need, the mods will give you the #s in your region for the term and miles (EDIT: I had no idea there was an RS5 specific forum)
If we just quickly play with the numbers based on some previous postings on edmunds, it looks like RV/MF is somewhere around 60% and .0016 for 36/10 (this is subject to change by region).
Plugging that in to the calculator looks like a deal at MSRP would be somewhere around $1200-1300 with $5k DAS.
Also, keep in mind that lease taxes are pretty painful in VA with the tax on the entire vehicle price upfront AND annual property tax.