Hey all, wondering if you could give me some advice on a potential lease on an Audi A3.
The car’s MSRP is $43,705 - it’s a 2017 Premium Plus 2.0T Quattro w/ additional options: technology package ($3K), Bang & Olufsen sound system, Homelink, and stainless pedal caps + all-weather floor mats + USB cables (couldn’t get them to take the homelink/pedals/mats/cables out of the deal for a bigger discount).
I got the sale price to $38,900 (9% discount), but there are no incentives that apply to me. The only one they are running right now is a conquest deal for people who own/lease a few brands, but unfortunately I don’t own/lease a car and am not on any of the insurances of family members who do. He said the selling price took into account the new grad and first car purchase programs Audi offers, but they don’t show up as incentives.
Local tax on cars is a hefty 9.9%. I used the max # of MSDs (which he said is 9, not 10, because something about the first one going toward drive off – anyone know if this is true?)
According to Edmunds, the residual this month for a 36/12 lease (what I was trying to do) is 55%, or $24,037.75. The money factor he quoted me was 0.0008, but with the max # of MSDs (9 apparently), that brought it down to 0.00035.
Monthly comes to $506 with tax, $460 without. With $6594 drive off ($4725 in MSDs, $350 registration + $125 doc fee, $94 tax, $795 acquisition fee, and first payment of $506) and 36 months x $506, it comes to $19,595 over 3 years.
I sorta feel like it’s an alright deal considering pre-tax it’s 1.053% of MSRP, but $506 seems like a lot for an A3, even if it is pretty much loaded…What do people think? Should I wait until next month to see if there will be any better incentives? I’m worried the MF and residuals will change for the worse.