Had a lease setup where I trade in a 2018 G550 for $72,500 with $43,000 still owed. If I put $10k down on top they were going to do $1860 a month 10k miles 36 months including audi auto and audi care warranites.
I had similar quotes and they resdiuals were different. Car depreciates at like 56% and msrp is $195k. The resdiual on my deal was $137k and the other residuals were around $109k. When i asked to have the residual in wrting they would matched the other. Then came back and said they depreciated wrong…
Questions:
Did I have a good deal? Others had payments about $200 more a month and did not incluce the around $6k in warranties.
Also, would that offer had gone through had i not asked about the residual?
Additonally, any other advice with trying to lease one?
Yes thats correct. I think it might have been a good deal if it were leasing at a better interest rate. I was hoping to take it and start a luxury car rental LLC and put it on turo for like $1000 a day (assume it would get very few rentals). Then around beginning of year three of the lease look at the value and wear and tear of the car and either buy it out or whore it out on turo and turn it in.
But yeah I take it most of those vehicles arent going to lease well. Just didnt see anyone going after the 2023 audi r8s that came off the line Q1 of 2024
Agree. I told my guy i had a quote for the same deal but his car was closer to me so i am wondering if he changed the depreciation thinking he was doing it wrong. Kind of thinking that with previous years models all the controls might not be in place to where you can get them to make a mistake. Have a feeling the salesman just through in whatever numbers spit out the highest commission.
The residuals are set by bank and cant be changed by dealerships. The money factor are set by bank but can be bumped higher by dealerships.
@jananth1 is spot on that if you want to Turo it out, avoid a new leased vehicle. Im sure Audi Financial Lease contracts spells something out to restrict vehicle rental even if in ur business name.
Well alot of times they leave the residuals off and just have the payments. Take it the system would flag it but the guy told me they had the right to request the vehicle back up to like 45 days or something in the state. And that if my offer didnt get flagged then it would have messed up sales bonuses as they were losing like $27k
