Hi - I'm looking at a 2016 S3 with tech and upgraded radio with metallic paint. 36 months at 15000 miles per year. I have a quote of 603 a month with taxes rolled in (NJ). 1326 due at signing which includes dmv, document fees and the first month. Good deal? They're saying its at a .0001 mf and 50% residual.
Hi - I'm looking at a 2016 S3 with tech and upgraded radio with metallic paint. 36 months at 15000 miles per year. I have a quote of 603 a month with taxes rolled in (NJ). 1326 due at signing which includes dmv, document fees and the first month. Good deal? They're saying its at a .0001 mf and 50% residual.
Thank you!
I confirm the .00010 and 50% for S3 Prestige 36/15.
Need to know the MSRP and adjusted cap cost (with all taxes and fees rolled in).
Initially they gave me the car at invoice with MF of 0.0001, and then he massaged the numbers so the MF is marked up by 0.0005 with price of the car lowered to 46k, while keeping the monthly payment about the same. I asked if the MF could go down and he said no.
The "TMV" I got for a car with same configuration is $45,870 for my zip code.
Is this a decent deal? There are a few other similar cars in my area so I'm going to shop around today.
Initially they gave me the car at invoice with MF of 0.0001, and then he massaged the numbers so the MF is marked up by 0.0005 with price of the car lowered to 46k, while keeping the monthly payment about the same. I asked if the MF could go down and he said no.
The "TMV" I got for a car with same configuration is $45,870 for my zip code.
Is this a decent deal? There are a few other similar cars in my area so I'm going to shop around today.
Dealers are reluctant to offer both a nice discount from sticker and the base MF - either you get a good discount but a marked up MF or less discount and the base rate.
Personally, I'd continue shopping around until you find a dealer willing to offer you both. I wouldn't sign a deal with an inflated MF.
How is the trade equity being applied? We don't recommend using it as cap reduction - if the car is stolen or totaled, you lose that money.
Thanks for your help Michaell. I went to a different dealership and got about 1.4k under invoice and 0.0001 MF. Took your advice to only used trade in for fees and getting a check for the balance. It's toward the end of the month and dealer was willing to be more aggressive with pricing to meet their quota. Having the numbers from yesterday's dealer in hand also helped with negotiating a lot.
Thanks for your help Michaell. I went to a different dealership and got about 1.4k under invoice and 0.0001 MF. Took your advice to only used trade in for fees and getting a check for the balance. It's toward the end of the month and dealer was willing to be more aggressive with pricing to meet their quota. Having the numbers from yesterday's dealer in hand also helped with negotiating a lot.
Again thanks for your help!
Just looking for the Residual for Premium Plus 36/18yr
I assume the base Money Factor is still .0001?
MF for the S3 this month is .00010. 36/15 residual for Premium Plus is 53%. Additional miles will cost .15/mile, deducted from the calculated residual (9000 x .15 = $1350).
Looking for the best deal possible and at this point i feel like I can do better. The only savings i see on that confusing sheet is 18 dollars from the 2018.00 in "savings"
I thought tax was included in the monthly on a lease?
Looks to be 2,018 discount on car. MSRP to the ClearCut Price. There are no lease details other than the rates. Money factor they are showing is really high for A or B tier. Current real factor of .00010 is an interest rate of 0.24% where .000176 is 4.22% Big difference.
Depending on state tax is handled differently. In many states tax is on monthly payment amount and additive or you can pay that amount upfront.
While it will be recommended you don't do this, if you rolled equity into lease, essentially putting about 5000 down you would be well under your payment of 500. You may be better off taking equity in cash and using it to add to monthly payment each month for difference.
You'll need to ask for lease details from dealer to see whole story.
Hey guys - just wanted to share the #'s I got on my lease and as this forum has been extremely helpful for me. I used it to cross check residuals and MF on this lease and my last lease (2014 Lexus IS 250)
2016 Audi S3 Premium Plus w/ Black Optic and LED package
MRSP - $50,800 All-in cap cost $43,600 (including $680 previous lease buyout) 36 months/10K miles $0 down $499/month -> $508/month after I added Audi care, but I guess I get the pro rata portion of Audi care back (~$400) when I turn the car in at the end of the lease.
Base MF and residual applied according to what had previously been posted (.00010 and 56% I believe)
I bargained pretty hard for this and def think I pushed the dealership close to the limit. The financing paperwork guy had to call his boss 3 times because the computer would not allow him to discount the car to the price we worked out. According to my salesman the finance manager he worked the numbers with got yelled at the next day for letting an S3 go for this kind of deal. Could all be salesman fluff but at the end of the day I am very pleased with the deal I got and will definitely enjoy this beast of a car. Good luck everyone!
Hey guys - just wanted to share the #'s I got on my lease and as this forum has been extremely helpful for me. I used it to cross check residuals and MF on this lease and my last lease (2014 Lexus IS 250)
2016 Audi S3 Premium Plus w/ Black Optic and LED package
MRSP - $50,800 All-in cap cost $43,600 (including $680 previous lease buyout) 36 months/10K miles $0 down $499/month -> $508/month after I added Audi care, but I guess I get the pro rata portion of Audi care back (~$400) when I turn the car in at the end of the lease.
Base MF and residual applied according to what had previously been posted (.00010 and 56% I believe)
I bargained pretty hard for this and def think I pushed the dealership close to the limit. The financing paperwork guy had to call his boss 3 times because the computer would not allow him to discount the car to the price we worked out. According to my salesman the finance manager he worked the numbers with got yelled at the next day for letting an S3 go for this kind of deal. Could all be salesman fluff but at the end of the day I am very pleased with the deal I got and will definitely enjoy this beast of a car. Good luck everyone!
Hmmm ... when I plug your numbers into my calculator, I get $428/mo plus tax.
Methinks the cap cost you have and the cap cost used by the dealer are different ...
How much was due at signing? And, what did it cover?
Hey guys - just wanted to share the #'s I got on my lease and as this forum has been extremely helpful for me. I used it to cross check residuals and MF on this lease and my last lease (2014 Lexus IS 250)
2016 Audi S3 Premium Plus w/ Black Optic and LED package
MRSP - $50,800 All-in cap cost $43,600 (including $680 previous lease buyout) 36 months/10K miles $0 down $499/month -> $508/month after I added Audi care, but I guess I get the pro rata portion of Audi care back (~$400) when I turn the car in at the end of the lease.
Base MF and residual applied according to what had previously been posted (.00010 and 56% I believe)
I bargained pretty hard for this and def think I pushed the dealership close to the limit. The financing paperwork guy had to call his boss 3 times because the computer would not allow him to discount the car to the price we worked out. According to my salesman the finance manager he worked the numbers with got yelled at the next day for letting an S3 go for this kind of deal. Could all be salesman fluff but at the end of the day I am very pleased with the deal I got and will definitely enjoy this beast of a car. Good luck everyone!
Hmmm ... when I plug your numbers into my calculator, I get $428/mo plus tax.
Methinks the cap cost you have and the cap cost used by the dealer are different ...
How much was due at signing? And, what did it cover?
What state and tax rate is this?
Hmmm thanks for running the numbers for me - I can go grab my official paperwork to update the figures with final actuals.
I paid $0 at signing so all fees etc were rolled into the lease. I am in Southern California. If something looks fishy I'd love to get your feedback. It is of course the dealers job to make it sound like everyone is getting a crazy good deal.
thanks Michaell! i have another question. i drive more than 15k/year. is it better to include the additional mileage in the lease payment, or to pay the penalty at the end of the lease?
thanks Michaell! i have another question. i drive more than 15k/year. is it better to include the additional mileage in the lease payment, or to pay the penalty at the end of the lease?
Put the miles into the lease up front; they are cheaper that way. (.15 up front, .25 at the end).
let's say i need 18k a year, and i put the miles into the lease up front. how will that affect the residual and the payment? how does the calculation work? thanks!
let's say i need 18k a year, and i put the miles into the lease up front. how will that affect the residual and the payment? how does the calculation work? thanks!
The 9000 miles are charged at .15 per (total $1350) and subtracted from the calculated 15K residual percentage.
got it thanks Michaell! how much is the audi care for S3 premium plus? and what's the acquisition fee and capitalized initial fee? I want to get an idea of how much I need to add to the selling price in order to get the net cap value.
got it thanks Michaell! how much is the audi care for S3 premium plus? and what's the acquisition fee and capitalized initial fee? I want to get an idea of how much I need to add to the selling price in order to get the net cap value.
Comments
That is similar to bumping interest rate 2 points
36/12 - .00010 and 55%. Add 1% for 10K
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Thank you!
Need to know the MSRP and adjusted cap cost (with all taxes and fees rolled in).
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We would need to know the adjusted capitalized cost in order to model a payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP: $50,370
Invoice: $47,383
Cap Cost: $46,049.88
Customer Cash: $3500 (trade in)
7500 miles, 36 months
MF: 0.0006
Residual: 57%
Tax rate: 8.75%
Monthly payment: $528
Initially they gave me the car at invoice with MF of 0.0001, and then he massaged the numbers so the MF is marked up by 0.0005 with price of the car lowered to 46k, while keeping the monthly payment about the same. I asked if the MF could go down and he said no.
The "TMV" I got for a car with same configuration is $45,870 for my zip code.
Is this a decent deal? There are a few other similar cars in my area so I'm going to shop around today.
Personally, I'd continue shopping around until you find a dealer willing to offer you both. I wouldn't sign a deal with an inflated MF.
How is the trade equity being applied? We don't recommend using it as cap reduction - if the car is stolen or totaled, you lose that money.
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Again thanks for your help!
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I assume the base Money Factor is still .0001?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
42/15 - .00030 and 51%
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Can anyone explain to me what all this means?
16 Audi S3
36/12k
Trade 12,500
Payoff 7694.61
Payment 500 +-
Looking for the best deal possible and at this point i feel like I can do better. The only savings i see on that confusing sheet is 18 dollars from the 2018.00 in "savings"
I thought tax was included in the monthly on a lease?
Any help or advice would be greatly appreciated
Depending on state tax is handled differently. In many states tax is on monthly payment amount and additive or you can pay that amount upfront.
While it will be recommended you don't do this, if you rolled equity into lease, essentially putting about 5000 down you would be well under your payment of 500. You may be better off taking equity in cash and using it to add to monthly payment each month for difference.
You'll need to ask for lease details from dealer to see whole story.
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Can I get the MF and Residual for 2016 Audi S3 Premium Plus
36/10K
36/12K
Thanks in advance!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 Audi S3 Premium Plus w/ Black Optic and LED package
MRSP - $50,800
All-in cap cost $43,600 (including $680 previous lease buyout)
36 months/10K miles
$0 down
$499/month -> $508/month after I added Audi care, but I guess I get the pro rata portion of Audi care back (~$400) when I turn the car in at the end of the lease.
Base MF and residual applied according to what had previously been posted (.00010 and 56% I believe)
I bargained pretty hard for this and def think I pushed the dealership close to the limit. The financing paperwork guy had to call his boss 3 times because the computer would not allow him to discount the car to the price we worked out. According to my salesman the finance manager he worked the numbers with got yelled at the next day for letting an S3 go for this kind of deal. Could all be salesman fluff but at the end of the day I am very pleased with the deal I got and will definitely enjoy this beast of a car. Good luck everyone!
Methinks the cap cost you have and the cap cost used by the dealer are different ...
How much was due at signing? And, what did it cover?
What state and tax rate is this?
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I paid $0 at signing so all fees etc were rolled into the lease. I am in Southern California. If something looks fishy I'd love to get your feedback. It is of course the dealers job to make it sound like everyone is getting a crazy good 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
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$795 for acquisition fee
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Thanks!
Lease terms shorter than 42 months have a supported MF .. 51% and .00030 for 42/12, for example.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP : 47520
Selling Price : 42100
Monthly Payment : 490 w/ taxes rolled in at about 8.5%
Out of Pocket on pickup : 1500 made up of fees, first month and DMV
2016 Prem Plus S3 w/ Tech Pkg, Mythos Black, red Calipers, assorted other add ons.
Decent Deal?