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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Please help with leasing - totally new to it and in addition to validating my match, need to understand what I am missing. I am getting a lower number than the dealer!
Looking at a 2016 A6, 3.0T Premium Plus for 36 mo at 12K miles per year
MSRP: $56,300
Prior car ownership - discount: $1,750
Cap Cost: $54,550
Down Payment: $3,000
Net Cap Cost: $51,550
MF: 0.00089
Residual %: 55
Quote:
$679.41 per month
$3,731 at signing in including initial payment
First service at 15K covered
1) Do I have any control over MF? I have tier 1 credit rating.
2) Is the Residual % decent for 12K per year - 3 years?
3) I get a lower cost of leasing. Not sure what I am missing. Here is my calculation: What am I calculating wrong?
4) They also came up with an initial payment of 3,731 which they said included my first payment too. Not sure how they came up with that number. I thought Audi made the initial payment.
5) Also, how are the taxes calculated? Is it off the entire lease amount or part of it (the residual amount)?
6) Are there any other incentives? For eg, BMW adds in all services free.
4) They also came up with an initial payment of 3,731 which they said included my first payment too. Not sure how they came up with that number. I thought Audi made the initial payment.
5) Also, how are the taxes calculated? Is it off the entire lease amount or part of it (the residual amount)?
6) Are there any other incentives? For eg, BMW adds in all services free.
1. .00069 and 55% are the lease numbers this month. Dealer is allowed to mark up the MF for extra profit.
2. Residual is set by the bank and cannot be altered.
3. My guess is that the entire $3000 cash at signing is not going to down payment - other fees and taxes are covered
4. I'm not aware of any incentive where Audi makes the first payment. You are responsible for the bank fee, dealer fee, first payment and any license or tag costs
5. What state is this? Sales tax obligation varies by where you live.
6. No incentives that I am aware of.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What do you think of the MSRP?
NY taxes the sum of the payments up front - you can choose to pay that amount at the beginning of the lease, or add it to the selling price.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
They are non-negotiable
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Don't have any info on 2016 model incentives.
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2016 Audi A6 3.0 TDI Prestige
MSRP $67,756
$66,756 Cap Cost
$168 Doc fee
$695 Acquistion Fee
$36062.50 Residual
.0014 Money Factor
$1,000.00 Incentive
36 Month Lease at 15K a year:
$6,193 Due at signing
$972.93 Monthly Payment
Also does a $4,330 rent charge sounds fair?
What is the breakdown of the $6193 due at signing?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Do you mind sharing the dealer name with me. I live in NJ (Morris County) and looking for a deal on A6 3.0.
Btw, did you get a color of your choice or whatever the dealer had in lot?
Thanks
ZeeKay
This is NJ state (where both cookieyh and I live, so I'm using 7% sales tax).
Please see the attached pic where I have put all the numbers in a spreadsheet and numbers in column A reference the calculations you mentioned in your link.
As per my calculations, monthly payments before tax = $721.03 and with tax = $765.87
What am I doing wrong?
Thanks
ZeeKay
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 A6 2.0 Premium Plus Quattro
10k/36
12k/36
Thanks!
NJ taxes are paid upfront, and note that the OP has already added that amount into his CAP cost. Use the full CAP cost including tax, and leave out the tax below, and hopefully the calculator comes up with the same amount.
The OP's numbers are correct.
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Not sure if I follow. I plugged in the gross cap cost with tax and the monthly payment shot way up. Attached is the screen shot.
I really want to figure this out as I want to start shopping soon.
Thanks for help!
ZeeKay
It's a "dumb" calculator. It doesn't know how to calculate tax, unless it's a straight monthly payment calculation (which doesn't apply to NJ).
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It's just math. Perhaps I'm missing something in my calculations here, I'd like to know what.
Thanks
ZeeKay
Can you share how you calculated it? Perhaps I'm missing something.
Thanks a lot!
ZeeKay
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks,
RM
The lease calculator is not transparent, and we don't use it to calculate the payments. I can't fix that.
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The numbers you quoted seem to be very close to those for the A6 Premium Plus....
Can you please double check if they also apply for the S6.
Thanks again.
RM
I'd love it if you can point out where I went wrong in my spreadsheet or show me an alternate way to calculate, esp for NJ state, given MF, MSRP, Cap Cost, Term.
And more importantly, I'm looking for a deal on A6 3.0 Prestige or PP for 12k or 15k miles/year within the range of ~$726/month as someone posted earlier. If you or anyone know of a dealer offering such a deal, I'd like to get that.
Thanks a lot!
ZeeKay
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Subtract 3% for Prestige
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I just recently leased an Audi A6 Prestige with the optional Black Optic package and the 20" 5-double-spoke design wheels. I am just wondering if you folks think I got a good deal (I thought I did, given that the MSRP after the various rebates and concessions I received was $58,000). I paid $2,500 to drive off the lot, which includes the first month's lease payment, tax, title, etc. I estimate that I put approximately $700 "down." My monthly payment is about $720, 42 month lease, $10K annually. I am located in Los Angeles.
Many thanks in advance for any thoughts/comments.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Logically, you would expect the residual to start out higher at the beginning of the model year and go down; however, manufacturers and their banks don't always use logic when setting their lease residual values. They might be artificially inflated to help sales.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
One last question: In negotiating, I have an uncle who works for Audi so I can get the "Friends and Family" discount (Dealer Invoice +$300 - any and all retail incentives) = Purchase Price. That's going to be the rock bottom price I would assume, probably not much I can negotiate from that?
Thanks again for all of your help and quick responses.
Generally, we believe 4-6% off sticker is a pretty decent discount for Audi. Any sort of supplier or 'friends and family' pricing will probably be in that ballpark.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Can you please provide me with the RV and MF for a 2016 S6 Premium Plus?
- 24/10
- 24/12
- 27/10
- 27/12
What is the maximum number of MSDs that one can use for Audi Financial? How much does each MSD reduce the MF?
Don't have info on a 27 month plan, but 30 month residuals are 4% lower.
Sorry, but I don't have the specific info for the Audi MSD program.
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I know thanksgiving day is coming. Should i wait to get a good leasing deal for the 216 A6 2.0T premium plus?
No guesses on what the future might hold.
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