Opinions please…currently have a Audi S4 lease with 7 payments remaining. Current lease is 36/15 and I’m over miles now by 3500. I will be out of warranty soon too. Contemplating an S5 premium + sportback lease as they are aggressively being discounted (14+%). Audi will “forgive” 3 payments I have to eat 4 either up front or rolling into a new lease. Current excess miles are my responsibility. Quoted numbers for the new lease - 36/18 with my 4 payments in would be mid $8’s incl tax. If i go to term I will be 15000 over miles and owe $3000.
Better to terminate early of wait until EOY and hope that those discounts will be as aggressive?
Thanks.
There is way too much going on in your post.
No way to forecast this.
Are you set on the S5? Not open to other brands?
To figure out if the mileage and payments are worth rolling into the lease, we need the numbers to see what the deal is. Having a roll-forward on 3 of the payments might help you, but it could also help finding a highly discounted loaner that you can roll your current car into.
i am… just thinking “staying in the family” would make it work easier…but as long as the performance equation was equal, not stuck on Audi.
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I would drive the that S4 thru the summer and turn the keys and walk away. Over $800 for an S5? You’re nuts. Plenty of nicer, faster cars that are even cheaper… the perks of leasing is you get to drive a brand new (different) car every 2-3yrs.
I’m a big VAG guy but something about Audi doesn’t do it for me anymore . Maybe their RS line but that’s about it. I still miss my 2004 Audi A4 Ultrasport 3.0 with 6MT… Leased that brand new back then…
Look elsewhere.
thanks…need to get them to send in writing.
What is your current payment?
thanks…that what I was thinking but that seems to be around the going rate for one. I’m leery of going out of warranty )which was another motivator) as repairs on Audi’s tend to be very expensive…
So new lease would be 56.67 cents per mile (1500miles/mo divided into $850 payment) for the next 3 yrs. I’ll take a WAG that you are $600 now. Add 25 cents per mile overage, and you would pay 65 cents per mile, but only for the next 7 mos. You then reset to about 40 cents per mile (likely even better). So, pay 8 cents more per mile for the next 7 mos by riding out your lease, or save 8 cents per mile for 7 mos and then pay 16.67 cents more per mile for the 29 mos that follow by rolling into a new one now.
Just one way to look at it.
$678 including tax
Didn’t think of it in cost/per mile…+ not obligated to stay with Audi…
What repairs are you anticipating? Is not a Honda by any means, but the B9 S line of cars are actually more reliable and cheaper on maintenance than the B8s.
Using preexisting engines and a ZF torque converter instead of a dual clutch will do that.
So you can walk away now and be responsible for $3300 in charges (overage on your current miles plus 4 months payment) or you can wait until the end and be responsible for $3000 in charges.
Sounds like it’s cheaper to wait at least 4 more months.
I had a '99 A4 that came off warranty and it ended up being a money pit, so it took me while to go back to Audi, so once bitten twice shy…so far its been very reliable but… and I agree the B9’s have been more reliable than the 8’s. Just weighing my options with the potential “deals” and wanted the hackrs pov
Other than the over miles my costs are pretty equal - 4 payments vs. post mileage. But I go back to full warranty and get a car that I am familiar with and have enjoyed driving, but the new monthly seems higher then I would have expected given the big discount. The MF is .00151 and the residual is 53%
Don’t forget that that $3300 you’d be rolling in then gets hit with .00151 mf and taxes. It quickly turns in to about $4k by the time you add getting taxed and pay interest for the second time.
True that!
Seems like the smartest play for now is stick with what I have and see how the rest of the year plays out with the industry. Thanks for your input.
That’s actually not all that aggressive considering Audi had trunk money on these cars.
so far that is the discount I’ve been getting…availability (tri-state) is getting scarce especially the way I want it equipped. A couple of dealers told me that employees are grabbing them with the additional incentives, which means even less to go around. Wondering what the May programs will look like…better MF for a lower residual? More trunk money?