Ed more than likely did a 1 year, one-pay lease. The amount of upfront rebate money on the RS e-tron GT for a lease is $32,500. The one-pay lease component buys down the money factor. The residual value after 1 year (assuming 7,500 miles) and with the addition of Audi Care is 70%. When you discount the car heavily, and apply all rebates/incentives, you get a one-pay lease amount of around $3,000-$5,000 for the entire year (including tax/license fees). When he quotes a $250/month lease he is simply dividing the one-pay lease amount by 12 months to give an example of what his cost would be per month. There’s a little more to it, but everyone should now get the picture.
Even this doesn’t make any sense. Unless it’s an overly inflated residual even above your estimated 70%, there is no way you’re paying $250/mo for a $150,000 car. Listen, pretend I’m stupid because there’s a chance I am and don’t understand this bs scheme lease this friend of his worked out and type out all the numbers on an example lease summary because without those numbers in front of me, the math just doesn’t add up. TLDR… “Show your work.” Let’s see it. Lol (Edit) OK, never mind. What Ed forgot to mention is that HE MOST DEFINITELY traded in his wife’s AMG to get this deal. Without ~$25k of trade-in value, you’d be paying about a grand a month for the lease. With the trade-in, it’s in the $260 a month range. 🙄
My first thoughts were: 1. what’s wrong with it; 2. how many times has it be stolen; 3. how many times has it been written off; It can’t be all there for Ed to buy it.
I saw it coming. Every time someone tells me or I hear them say "I will never own an EV". Turns out very soon after they own one. And most of them love them. Get in one and drive it. I bet it's going to be much better than you ever thought.
I did a deal like this on a Niro EV for my daughter to drive a few years ago. $150/month all in on a car with a $46k sticker. I saved that much just in gas. Would definitely do it again.
I went to Audi Training in Atlanta last year with Nick. Awesome guy. Guy taught me a lot of insight when we went to lunch at the Irish Pub in the walking dead town. Kept brake checking me on the Horch challenge tho😂
I looked at a 2024 Audi E-Tron GT with 4000 miles that originally was $117,000 but at a Dodge dealership for sale for $51,000. I was shocked it plummeted that much in value in only 4000 miles
@@gregwasikwell this one wasn’t the RS model but it was crazy that something like an Audi that only had 4000 miles could go from $117,000 to $51,000 that quickly. I was tempted to buy it but I don’t think an electric car would work for me, especially when it comes to charging it.
@@itsnevo8757 yeah i'd consider one too at that price! just looked on carsguru adn cheapest today are 2022s just under $80K. i'd get the Porsche if I got one and they have depreciated like a rock also.
I can't count the number of people on the Audi Facebook groups that have bought or leased E-Tron GT's that couldn't get rid of them soon enough. Without exception, they all went back to gas powered vehicles.
Why's that? I see a good number of Porsche Taycans, and I've test driven one, but Audi were such snobby shits they wouldn't let me test drive one even lol.
@@Drunkenvalley Probably because even good EVs are boring as hell to drive. The kind of people that drop 160k on performance luxury cars want an experience like a 911 or an R8. Performance EVs are fun for a week and then 0-60 times get boring and you're stuck driving a golf cart around.
The most annoying thing about the „speeding“ warning, is that speedometers are always showing you going faster from the speed you are actually driving by 2-3 mph at least!
More likely is a future where speed limits are just pieces of information for your car to change speed when it drives itself, while you won’t care cause you read a book on the back seat or take a nap.
Interesting... Ed's new car was a Landrover. Curious what will motivate his next new car purchase, most probably for a guaranteed quick sale. Awesome YT channel as always Boss B.🎉❤
Have a Audi Q4 on loan for a year. Really like it as a daily driver, but it’s definitely not something that’s fun to drive. I just use it as a mobile battery on wheels that I listen to music in while driving with the cruise control on the outside lane.
Was given an brand new VW golf GTI as a hire car for work trip, I thought cool fun nippy little thing lets go. The damn thing beeped for over speeding, not being centred in a lane, it would steer away from the lines wouldn’t let you cross unless you indicated so going down UK country lanes was pure scary the car would steer you into a wall rather than cross the centre line . Took me about 20 mins to find how to turn all the “assists” off and to piss me off that little bit extra you had to turn them off every time you started the car
Its for your safety. You are too silly to take control of the vehicle. I am working on mandatory helmets for car drivers. And for safety reasons, you must drive five miles per hour. Its awesome. Govern me harder daddy. You Brits show us the way.
For 250$/m I wouldn't describe them as particularly shit. I could take two, maybe three. And let me guess that is the price they would lease me one car. 😂
I can understand when Nissan made the mistake of calling thier car pajero, they are half the way around the world to Spain. But Germany shares it's border with france.heck, vw employs a lot of French workers. Did they willingly ignored it.
My dad bought a 2022 audi Etron suv with 1k miles that was a buy back for 40k a couple months ago. Hes at 3k miles already and loves the thing. Definitely upset about the total milage but its a great daily commuter
Would love a video on what to do when this lease is up. The depreciation is unbelievable and will likely continue with the new one coming out with insane power. How cheap a deal could we swing from Audi?
I did the same deal at Audi Birmingham. It really does come out at $800 a month. Maybe he was subtracting the savings in gas tires and maintenance he’d have to do on the Mercedes she’s driving.
I mean, dealerships have these lease programs like this because these trash heaps are "staling" out on inventory overflow lots across the country. It loses it's novelty after about 6 months and just becomes another car you'll want to trade in sooner. Honestly, there's nothing "futuristic" about a series of magnets that spins around a stick, even resurrected and rhetorically propped up on our tax dollars.
Now if subsidizing oil and gas went into making a car, you'd have a point, but you're pushing a whataboutism that is about as sharp as a spoon. @@det_tf2
I’d like car advice from the VinWiki Community: My daily needs replaced. I have a manual Corvette for fun, my fiancée has a crossover and I have access to a pickup truck. I need something for going around town and commuting on the interstate with enough back seat room for a golden retriever. Under $60k. Thoughts?
@@isk1tz Lexus has been intriguing to me but a lot of their line up is coming up on a redesign. I’d love a used Macan, but my brain is telling me I need something that’s a dependable appliance.
@edbolian it's a sad sad day when you have an ev setting at your house. As many as there are that catches on fire, I hope you don't park them inside or next to the other cars. I wouldn't own an even before but especially if it beeps at me for speeding
Has the subsequent Vinwiki video with Nick Explaining his RS E-tron deals has been taken down after only being live for 6 hours? Maybe Audi or dealerships are shuttin' it down, does anyone know for sure? Great to be the first call like Ed. An RS Etron for a year for under 4K would be an amazing deal!!
Should be interesting to see what happens one year from now when all these Audis come off the 1 year lease. They are already hard to sell, as Ed noted. Having a ton of them with 15-20K miles on them should drive the market price into the basement.
I have a Tesla and I can so I love it. Never have to worry about turning it off, locking the car it auto locks when it senses you've left, when you're at a red light it pings you. The autopilot I throw on in traffic I don't even focus on the road. 4$ to fill my car my Porsche used to cost me nearly 100$ to fill. The real draw downs are there's no customization so that's why I wrapped it and changed some stuff interior with after market options. Otherwise love the car. Also it smokes like 99% of the cars around even rs5 amg e class etc
I have been looking for a 12 month lease an E Tron for a while now. Best I’ve seen is around $600. I don’t know how I got it down to $200, that’s crazy.
You have to pay the taxes on the price of the car. So $250 a month is probably the amount that goes towards the car the taxes and fees are likely another $600 or so a month.
@@somenygaardthe amount you actually pay on the car over the entire 12 months is only $1k. But the taxes, fees, etc bring the deal to between $11-$12k. I’m in GA so my taxes and fees would be similar to Ed’s. He might have got an advertising break, that dealership told me they’d usually sell four of these cars per year and since this video they’ve done over 40.
I've worked for Glasgow Audi in Scotland for 19 yrs and see plenty of RS GT's. And I have to say the American spec wheels are awful compared to the UK spec cars.
So the new type of deals are to trade an already luxurious SUV that you already own, pay $250/mo on top of that sonin return you can drive an etron fpr a year!
I'd see what it takes to permanently deactivate the silly alarms, they use a hand held device. If she ends up loving it, what's the residual? Anywhere close to reasonable? Can you lay it out in the comments? Thanks Ed!
We rented a 'regular' eTron on a trip a while back. The adaptive cruise control in the Audi is nothing short of brilliant. You just have to dig around in the menus a little bit, and you'll find that you can set an 'offset' from the posted speed limit. I set it to +5. So, we'd be cruising along doing 50 in a 45, come up on a section posted 35, and the Audi would see the speed sign - display the sign in the gauge cluster, then... ...automatically slow to 40 in a 35... When the limit went back to 45, it would *automatically* speed back up from 40 to 50. The ACC in our Volvo recognizes the speed signs, but doesn't actually DO anything about it, other than flash the sign in the gauge cluster... Audi can actually keep you at your typical "five over" speed 100% of the time.
@@jorgeantonini201 well for me no, was awesome for 7 yrs I had it..not a dime other than mods I did..but for the previous owner I think the maintenance bills added up to near $17k
As a lease broker for decades ,i think anyone whoever says " leasing is just dumb ,it's like renting" .They have no idea how leases work ,how to negotiate cap cost ,etc.While leases can be bad ,if you are educated they can be excellent options
".... My wife will maintain the AMG GL 63 if she needs to drive more kids around..." If you want to make an AMG car MORE unreliable, park it for long periods and only use it when needed. I guarantee that SUV will fail within a year.
Definitely a cool car, even though its an EV. the low monthly payment you talked about has me thinking about looking into one, i love the audis style. Another great vid Ed!!!!
EVs don't come into my radar when brand new, but when one loses 50% after 3 years with maybe 20k miles, the conversation really changes. At under 20k I'll take a 2021 Mazda MX-30, MINI electric, or Honda e. Any resistance about range anxiety suddenly disappears.
I had the chance of driving a 2021 Mini electric. Super fun car, truly loved it, but the range was really bad. Only good if you do short distances. Otherwise, you might wanna focus on the more recent models where the range got considerably better.
Comes out to about $10,000 one time lease payment. Ed is being a little fast and loose with the facts for engagement. I get it. Realistic numbers don't get good views. As someone stated, you are paying interest on the full price.
Got my p85d for 24k with a 4k tax incentives on top of that... the two downsized are tire costs (2k for a set of 4) and insurance is kinda through the roof (600+ hp I guess)
more like, insurance co's write off the cars at the slightest damage, because repair costs and parts availability. can't get a fender for more than 30 days? totaled. oh and don't forget $15k+ battery packs
@@johnhufnagelOne of the reasons for the outrageous repair costs from accidents is the huge giga casting parts of the car as well as battery packs that are structural parts of the car. This process saves money on the manufactures build cost it transfers added costs to the consumer by increased repair and insurance premiums. They are working on making the entire underbody from one single piece of cast aluminum. They claim to be working on a solution to more cheaply repair these large one piece castings but I’ve not seen any information on their progress.
Signs of the apocalypse nearing - Ed buys an EV right before the rapture! Lol, but serisouly, I was more surprised by Ed getting an EV than seeing my face unexpectedly in the video 0:23. Rapture time?
The monthly leasing cost of an EV is a sucker bet. My wife’s 2024 Audi Q8 eTron costs $3400 a year to insure and she is rated a “good driver” by the insurance company. My Ferrari Speciale costs $4500 a year to insure and I have a $525K guaranteed value policy. An EV is a disposable car and the insurance value will kill you. Don’t be fooled by the “good deals” on EVs.
Shop around for insurance, I know ppl are are paying under $150 a month for a Tesla model S plaid for insurance , and model 3 are around $100 a month , same as a Honda civic . Depending on how insurance work in your market , is extremely rare for a Tesla or most EV to be involved in a at fault accident .and with the camera coverage a Tesla , insurance tend to pay out less since they could just go after the other party's insurance to get their money back .
