UPDATE ON LEASING
Thread Starter
Junior Member
Joined: Aug 2015
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From: DFW, Texas
2016 AMG C63S
UPDATE ON LEASING
Hey there, still waiting on my C63s and have been reading about the leasing for this car. All I have seen are nightmares, but they are all from april-june time frame. Does ANYONE have an update to what I may expect come late october? I've always been a finance guy, but after working for Audi I saw how awesome leasing can be.
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Joined: Apr 2015
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From: St. Louis, MO
2021 GLE53; 2018 Audi R8 V10 Plus
I'd be interested in hearing what others are paying now as well on a lease. Trying to avoid a lease payment equivalent to my mortgage payment - if that is what you are referring to as a nightmare. When I talked to dealer a couple months ago, they quoted something absurd - like $1,800/month on a 3 year lease with minimal down payment. My gut says nothing has changed though.
Thread Starter
Junior Member
Joined: Aug 2015
Posts: 15
Likes: 0
From: DFW, Texas
2016 AMG C63S
I'd be interested in hearing what others are paying now as well on a lease. Trying to avoid a lease payment equivalent to my mortgage payment - if that is what you are referring to as a nightmare. When I talked to dealer a couple months ago, they quoted something absurd - like $1,800/month on a 3 year lease with minimal down payment. My gut says nothing has changed though.
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Joined: Feb 2013
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From: NJ
17 C63 S Coupe
The residual on the 16 is 1% higher than the 2015. AMG vehicles never have any special interest rate on the lease. It all depends on how long you want to keep the vehicle for. I leased mine just because I like to change cars and do not have much to worry about.
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2014 Porsche Boxster S, 2016 C63S
I am buying my C63S. Loan rates here in NY are 1.45% for 60 months. I figure I will keep the car for at least 5 years. With about $30,000 down and a $50,000 loan my payments will be $865/month. Yes, $30,000 is a lot to put down and I know there are arguments on both sides, but you save the lease bank charge ($895?) termination fees, the hassle of fixing curb rash on tires and minor cosmetic issues that many leasing companies hassle you over. And the interest rate is much lower buying vs. leasing. I just can't stomach a lease payment of $1,800, if that is in fact accurate....let the leasing vs buying debate begin...
Senior Member
Joined: Apr 2015
Posts: 326
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From: St. Louis, MO
2021 GLE53; 2018 Audi R8 V10 Plus
I am buying my C63S. Loan rates here in NY are 1.45% for 60 months. I figure I will keep the car for at least 5 years. With about $30,000 down and a $50,000 loan my payments will be $865/month. Yes, $30,000 is a lot to put down and I know there are arguments on both sides, but you save the lease bank charge ($895?) termination fees, the hassle of fixing curb rash on tires and minor cosmetic issues that many leasing companies hassle you over. And the interest rate is much lower buying vs. leasing. I just can't stomach a lease payment of $1,800, if that is in fact accurate....let the leasing vs buying debate begin...
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From: ATLANTA
R Nine T
But if you take a money factor in a lease at say .022 on an 80,000$ capitalized cost vs financing at 1.45% your saving ~$5000 in interest over 5 years.
I think the residual really makes a difference if capitalize cost is under 30000 say on an accord or Camry.
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From: SoCal
2016 C63S Sedan
[QUOTE=ROMEO550;6543508]I would tend to disagree hear that residual really sets the payments. Even if the residuals may be 2 or 3% higher doesn't really Translate to much over 3-5 years.
But if you take a money factor in a lease at say .022 on an 80,000$ capitalized cost vs financing at 1.45% your saving ~$5000 in interest over 5 years.
I think the residual really makes a difference if capitalize cost is under 30000 say on an accord or Camry.[/QUOT
It is a combination of all I think.
Most leases charge a Acquisition fee of about $8-900 and a fee at end- Disposition fee of maybe $4-500 that a fin doesn't have. Then if the residual is not high enough you pay too high a precentage of the car value over time. The .0022 example you give is a 5.28 percent interest rate and can be higher. If they give you the Money factor just multiply by 2400 to get the interest rate as it is easier to understand for most. Leases can be ok with a low money factor and high residual if you don't want to get a 6year fin.
But if you take a money factor in a lease at say .022 on an 80,000$ capitalized cost vs financing at 1.45% your saving ~$5000 in interest over 5 years.
I think the residual really makes a difference if capitalize cost is under 30000 say on an accord or Camry.[/QUOT
It is a combination of all I think.
Most leases charge a Acquisition fee of about $8-900 and a fee at end- Disposition fee of maybe $4-500 that a fin doesn't have. Then if the residual is not high enough you pay too high a precentage of the car value over time. The .0022 example you give is a 5.28 percent interest rate and can be higher. If they give you the Money factor just multiply by 2400 to get the interest rate as it is easier to understand for most. Leases can be ok with a low money factor and high residual if you don't want to get a 6year fin.
Last edited by RDOCA; Sep 1, 2015 at 10:10 AM.
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From: Houston
2014 C63 Coupe
Lease rates tend to be a good indicator of anticipated future worth of a vehicle. The finance company attempts to anticipate the market value at lease termination. This does not address the possible sub-venting by a captive finance company. That's the Residual. MF is just the cost of the money. I know it's been discussed in other threads, but the lease rates on a M4 are in a different universe. From my experience, this is directly related to the superior value of an M car in the secondary market. Please understand, I am not an expert in this stuff, passing along what I've learned over the years.
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Cars.
BMW's Employee discount was Invoice + 7% which was equivalent to almost 17% off their cars.
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a UFO
you guys making this overly complicated.
lease is always the loser of the two in terms of savings, but always better option if you can write off some of the payments.
finance is always the more difficult route due to credit, capital, rates, but the advantage is obvious.
so the logic should be
1) can i write off some payment? yes = lease, no = next question
2) can I afford finance? yes = finance, no = lease
AMG will never have some of those crazy incentives like other manufacturer so, above is final.
now pick your poison. If you are comparing rates with other cars, that's a whole different discussion.
lease is always the loser of the two in terms of savings, but always better option if you can write off some of the payments.
finance is always the more difficult route due to credit, capital, rates, but the advantage is obvious.
so the logic should be
1) can i write off some payment? yes = lease, no = next question
2) can I afford finance? yes = finance, no = lease
AMG will never have some of those crazy incentives like other manufacturer so, above is final.
now pick your poison. If you are comparing rates with other cars, that's a whole different discussion.
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From: NJ
17 C63 S Coupe
A low residual results in a higher payment period. Yes, my discount did help. However, it isn't as cheap as everyone may think. I will refrain from further discussion on this thread.
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From: ATLANTA
R Nine T
you guys making this overly complicated.
lease is always the loser of the two in terms of savings, but always better option if you can write off some of the payments.
finance is always the more difficult route due to credit, capital, rates, but the advantage is obvious.
so the logic should be
1) can i write off some payment? yes = lease, no = next question
2) can I afford finance? yes = finance, no = lease
AMG will never have some of those crazy incentives like other manufacturer so, above is final.
now pick your poison. If you are comparing rates with other cars, that's a whole different discussion.
lease is always the loser of the two in terms of savings, but always better option if you can write off some of the payments.
finance is always the more difficult route due to credit, capital, rates, but the advantage is obvious.
so the logic should be
1) can i write off some payment? yes = lease, no = next question
2) can I afford finance? yes = finance, no = lease
AMG will never have some of those crazy incentives like other manufacturer so, above is final.
now pick your poison. If you are comparing rates with other cars, that's a whole different discussion.
You see calling it a lease or finance contract is a trap. You're forgetting the fact that it's just a financial contract and the terms are the interest rate or money factor and the Capitalized cost or sales price. THEY ARE THE SAME OTHERWISE
The only difference being that you can walk away from a lease after a specific term. That's it gentleman.
The write off is per mile Sir which is the same if you lease it or finance it......
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a UFO
^ah.. didn't see it that way, but yeah, I agree now.
However, I remember someone on here said that he always leases because of his business reasons. There must be some finer tax reasons making one process easier than the other.
However, I remember someone on here said that he always leases because of his business reasons. There must be some finer tax reasons making one process easier than the other.
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From: SoCal
2016 C63S Sedan
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I am buying my C63S. Loan rates here in NY are 1.45% for 60 months. I figure I will keep the car for at least 5 years. With about $30,000 down and a $50,000 loan my payments will be $865/month. Yes, $30,000 is a lot to put down and I know there are arguments on both sides, but you save the lease bank charge ($895?) termination fees, the hassle of fixing curb rash on tires and minor cosmetic issues that many leasing companies hassle you over. And the interest rate is much lower buying vs. leasing. I just can't stomach a lease payment of $1,800, if that is in fact accurate....let the leasing vs buying debate begin...
Senior Member
Joined: Apr 2015
Posts: 326
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From: St. Louis, MO
2021 GLE53; 2018 Audi R8 V10 Plus
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a UFO
10 years is a LOOOONNGGG time!
