2016 Audi A6 Premium Plus Lease Question
Hello,
I am considering leasing a 2016 A6 Pemium Plus with some options and a MSRP of 62,255. This includes a 925 destination charge. I have negotiated the car down to 58,619.15. I will add Audi care for 829 as it adds 1% to the residual.
I'm looking at a lease of 36 months and 12,000 miles per year. Money factor is .00087 (2.09%) and the residual would be 56% plus 1% for Audi Care or 57%. I also will get 2,000 rebate for loyalty plus 750 from Audi(current lease incentive). The dealer tells me my residual is 35,485. Is this correct? I live in NY and the tax rate is 8%.
I will put 0 down and my monthly payment is 856.
Help, they've confused me.
Thanks,
AudiGuy6
I am considering leasing a 2016 A6 Pemium Plus with some options and a MSRP of 62,255. This includes a 925 destination charge. I have negotiated the car down to 58,619.15. I will add Audi care for 829 as it adds 1% to the residual.
I'm looking at a lease of 36 months and 12,000 miles per year. Money factor is .00087 (2.09%) and the residual would be 56% plus 1% for Audi Care or 57%. I also will get 2,000 rebate for loyalty plus 750 from Audi(current lease incentive). The dealer tells me my residual is 35,485. Is this correct? I live in NY and the tax rate is 8%.
I will put 0 down and my monthly payment is 856.
Help, they've confused me.
Thanks,
AudiGuy6
0
Comments
Ask the dealer what the net capitalized cost is with the rebates subtracted out and any fees and taxes added in. I suspect that is the cause of the difference between the dealer quote and my calculation.
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Here are the following numbers from the lease sheet. The agreed upon value of the vehicle is 59,962.44 but the gross capitalized cost is 63,945.41. They subtract out the Audi money (2,000 + 750) and call the adjusted capitalized cost as 61,195.41
Residual value is 35,485.35 and depreciation and any amortized amounts is 25,710.06.
Rent charge is 5,081.46 and the total of base payments is 30,791.52.
So capitalized cost is 63,945.41 and the adjusted capitalized cost is 61,195.41. How do they come up with these numbers? I had agreed to paying 58,619.15 for the car and thgen added the Audi Care for 829.
Thanks,
One other suggestion is to get a second Audi dealer involved - the competition between them should help you get a better deal.
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige