To put it lightly - 1% is just the rule of thumb.
In real estate investing that used to be the rule of thumb too but that expired a decade ago. Don’t go believing social media people promoting high returns-- these are usually places that are underdeveloped and never A if even B class neighborhoods.
Leased a used MY23 RS GT
Selling price<Residual 63% original msrp for 24/7500
MF.0044 standard rate maybe with markup
It was a return from one year lease with 6k miles
Took this unit more because the color matches kid’s sport team…
There would be 200-300 units RS GT and more GT return from one year lease in my area so new deals should be definitely better than mine.
Do you know how they figure out the residual on the used ones? Thats only 1% less than its showing in the rate finder for a new one. I wonder if its like porsche where each car has a different one or if its a standard one (not sure how it could be done with every car having different miles etc).
RV should be determined by AFS and assume that would be pretty close to 63% for a one year old car regardless it has 7500/10k/12k miles. The selling price should be around $80-95k when residual $100k+
I wonder if the Audi dealers that were leasing these RS Etrons are regretting it. I returned my car at the end of the lease with a $117k residual. Dealer tried retailing it for $80k and kept lowering the price until it hit $72k. It finally sold after 3 months…at least $55k below residual.
My understanding is that Audi dealers are required to take lease returns on cars they originally leased out. Even though AFS is likely selling the cars to the dealer for less than residual, I’m guessing the dealer is still losing out on the lease returns.
They may be required to take it, but what makes you think they’re required to sell it if it doesn’t make financial sense for them?
I’m not sure I understand your comment. If a dealer buys a car from AFS, then they will eventually have to sell it…even if it’s at a loss.
EDIT: Maybe you mean the dealer can accept the lease return on behalf of AFS but not actually buy the car from AFS. Yes, that can be true. I know BMW dealers are required to accept and purchase (at a market price, not full residual) a certain percentage of lease returns and I assume the same to be true of Audi.
The bath was taken by AFS on that one. The dealer probably took it in for 70 and their mistake was trying to flip it for 80.
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Even if they lost on the sale, they most definitely made it back on finance and other warranties.
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So far:
15 months into 24 month term
10,000 miles
1 cosmetic wheel repair ($125)
1 nail puncture / tire repair ($0)
0 replaced wheels
0 replaced tires
Any idea how much Audi Wheel & Tire Protection would have cost?
While OOP costs have been manageable, I’m going through life with no peace of mind. 
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W&T protection listing $2k+ and may end up around $1kish after negotiation.
Another option would be lease end protection that cover $10k damage but limit to $1k each item. Got mine around $800 for 24mo lease
Thank you for the reference point, that part was an honest question.
I followed that with some sarcasm, though, as I self insure for this stuff, and I’m way, way, way, way, way, way (way) ahead compared to buying coverage.
Others who drive more, regularly traverse worse roads, have lower profile tires, careless spouses, etc., may have different needs. 
Get a new car or get a new wife 
Mine did the same thing the other day lol. It did correct itself eventually 
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anyone calculate what new model designs (features, upgrades, etc.) impact lease terms (MSPR, residuals, maybe lower MF)? case in point, 24 vs 25 e-tron GT…
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What happened to the crazy good one-pays?
some long threads on that. sounds like AFS wound those down in the summer.
Does Audi lease come with gap coverage/waiver in case totaled?
Assume everyone here have residual $15-40k higher than fair market value
pretty much all luxury leases have gap insurance on leases so you’re covered.
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