Enjoy your Audi. The S5 is nice. Are you leasing it?
Thanks for your contributions during your time here.
Be well!.. John
Thanks John! Yeah, Iím excited for the S5-something special about that car. Audi leases donít have inflated residuals so they donít lease very well. When I did the math, purchasing and leasing were about the same and since I canít write off a lease any longer, Iím deciding if it makes sense to buy, accelerate the payments and keep the car for a longer period of time with no car payments at some point. We just did that with my wifeís Q5 and Iím happy with that decision. I use to fool myself into thinking I wanted a new car every few years but when I looked back at my past run of leases, I ended up re-leasing the same car multiple times so I think I disproved that theory for myself. I THINK the S5 will be the same.
One thing Audi does that I understand but donít like is that they hit the residuals for the Prestige trim cars extra hard so they are lower by 2-3% vs the standard dealer inventory Premium+ models. The added MSRP at first purchase attracts buyers to pay more then but once they hit the used market, Audi has found that people arenít willing to pay the premium for the higher trim so there is an additional hit for the residual on Prestige models. That can be offset by 1% with Audi care (separate purchased maintenance plan that is well worth the cost) but it still makes the lease payment very close to the monthly payment when financing.
The good news is that the buyout isnít too far off from the residual so I could look at a lease, make sure I like the car and then buy it out at the end without the $12k hit like my Q50 would have.
So Iím leaning toward a long term finance and prepaying extra each month(I like the flexibility of the lower payment each month in case I ever Ďneedí it). With the math, it looks like I would be about even after 3 and 5 years but ahead if I pay the car off early and keep it - a high likelihood in this case.
At least the Fed lowered rates last week so the finance rates came down by that .25% in most cases. Chalk one up for timing!
Decisions, decisions. . .
Relax. . . It's just a car
2014 Q50sAWD Graphite/Graphite: Nav, Touring, Tech and what the heck, throw in a spare tire
2016 Q50 RS400 with all option packages + illuminated kick plates and rear decklid spoiler.