Could I get the MF, Residual, for a 3/10k, 3/12k, 3/15k in Oregon for a A3 2.0T. Also, is there currently any lease cash/or incentives available at the moment?
I am considering leasing a 2016 A3 1.8T premium, which has a MSRP of around $34,500. While the Dallas area Audi dealer is offering a special of $299 per month for a 36 mo/30K mile lease, with nothing down other than TTL, I am attempting to get the dealer to adjust their offer as follows: $279/month, 36 mo/36k mile lease, along with throwing in the approx $850 Audi Care scheduled maintenance. Can someone let me know if that is a good deal? Are there other aspects I should consider? I have not leased before. - Thanks
I am considering leasing a 2016 A3 1.8T premium, which has a MSRP of around $34,500. While the Dallas area Audi dealer is offering a special of $299 per month for a 36 mo/30K mile lease, with nothing down other than TTL, I am attempting to get the dealer to adjust their offer as follows: $279/month, 36 mo/36k mile lease, along with throwing in the approx $850 Audi Care scheduled maintenance. Can someone let me know if that is a good deal? Are there other aspects I should consider? I have not leased before. - Thanks
Well.. it's just an ad. You can expect the price to be higher, once you get there. To calculate a lease you also need the selling price and/or CAP cost. Along with the money factor and residual. (.00010 MF and 56% residual for this model) Adding AudiCare would add 1% to the residual.
Also, Texas charges tax on the full price of the car for a lease. So, your TTL down could be $2500 or so.
Your plan sounds good, but throwing in AudiCare and asking for a $20/mo. reduction is a $1500 difference. That's not a small amount for the cheapest car they have on the lot, on which they are already promoting a low price.
Maybe I'm missing the inputs to the lease, such as the sales price, residual, MF, etc., but it seemed like if I could get the $279, 36mo/36k miles, no costs at signing (other than sales tax) and the $850 Audi Care, the inputs would have to be reasonable. Is that an incorrect way to evaluate this? Also, do some states not charge sales tax on leases?
Maybe I'm missing the inputs to the lease, such as the sales price, residual, MF, etc., but it seemed like if I could get the $279, 36mo/36k miles, no costs at signing (other than sales tax) and the $850 Audi Care, the inputs would have to be reasonable. Is that an incorrect way to evaluate this? Also, do some states not charge sales tax on leases?
Our point is that the advertised deal is just that ... an ad.
You should be able to do better than that with some decent negotiation skills.
The only state I'm aware of that doesn't charge sales tax on a lease is Oregon.
If you register the car in Texas, you'll pay Texas sales tax.
So for a 2016 Audi A3 with a MSRP around $34,500, what would be considered a "good deal" in terms of monthly payments for a 36 mo/36k mile lease, with nothing down for someone with top tier credit. Would $279 per month not be considered a "good deal"? Maybe I should be shooting for a lower payment. I would welcome you thoughts on this. thanks
So for a 2016 Audi A3 with a MSRP around $34,500, what would be considered a "good deal" in terms of monthly payments for a 36 mo/36k mile lease, with nothing down for someone with top tier credit. Would $279 per month not be considered a "good deal"? Maybe I should be shooting for a lower payment. I would welcome you thoughts on this. thanks
It depends on the price you are able to negotiate and if you decide to add the fees and taxes to it or to pay it up front.
In terms of discount from sticker, we've always thought that 4-6% was appropriate for Audi.
So I found a nice lease calculator on line and put in the following inputs: Est. MSRP $34,500, Est Selling Price $32,800, Residual 56% (per your earlier response), MF .00010 (per your earlier response), Term 36 mo, Mileage 36k. The lease calculator calculated an estimated payment of $379. That sort of tells me that the $299 monthly payment (and if I can get $279 monthly payment), not to mention if I can get them to include the Audit Care, is a pretty good deal. Is that your conclusion? Am I missing anything in my analysis?
So I found a nice lease calculator on line and put in the following inputs: Est. MSRP $34,500, Est Selling Price $32,800, Residual 56% (per your earlier response), MF .00010 (per your earlier response), Term 36 mo, Mileage 36k. The lease calculator calculated an estimated payment of $379. That sort of tells me that the $299 monthly payment (and if I can get $279 monthly payment), not to mention if I can get them to include the Audit Care, is a pretty good deal. Is that your conclusion? Am I missing anything in my analysis?
Sure.. sounds like it would be a great deal. Depending on how much is due at signing.
If you pay sales tax at the time you begin a lease, if you elect to keep the vehicle at the conclusion of the lease, do you have to pay sales tax again on the lease acquisition price?
If you pay sales tax at the time you begin a lease, if you elect to keep the vehicle at the conclusion of the lease, do you have to pay sales tax again on the lease acquisition price?
If you pay sales tax at the time you begin a lease, if you elect to keep the vehicle at the conclusion of the lease, do you have to pay sales tax again on the lease acquisition price?
Yeah.. you pay full tax on the selling price in Texas, even on a lease. The problem is, the bank owns the vehicle, so if you want to buy it out at lease end, it's a transaction with a different buyer, and you have to pay sales tax on that used car.
Most luxury makes have a balloon program for states like Texas, which puts the car in your name, but is an actual loan with lower payments and a balloon note due in 36 months. Most of those still have an option to turn the car back into the bank, rather than buy it out. But, if you do buy it out, the car is already in your name, so in effect, you are just refinancing the balance, so no further tax is due.
Here is what I found from the Texas Administrative Code re: Tax on Leased Vehicles
(b) If, at the termination of a lease, a motor vehicle is sold by the lessor to the lessee and the lease contained an "option to purchase" at less than fair market value or a "must purchase" clause or if the vehicle is sold to the lessee at less than fair market value, the amount subject to the motor vehicle sales and use tax will be the total consideration paid the lessor by the lessee under the agreement, since the agreement will be considered a sale rather than a lease agreement. "Total consideration" means the amount paid or to be paid for a motor vehicle and all accessories attached to it at the time of the sale; total consideration does not include separately stated finance charges, carrying charges, service charges, or interest.
(c) If the transaction is considered to be a sale and not a lease, as described in subsection (b) of this section, no additional motor vehicle sales tax is due at the time the initial lessee/purchaser takes title to the vehicle, provided the correct amount of tax was previously paid on the total consideration. If the correct amount of tax was not paid on the total consideration, the lessee/purchaser must pay the difference when the vehicle is titled in his name.
Does this not seem to indicate that if the correct sales tax is paid on the price of the original lease, that if a lessee decides to keep the car at the end of the lease and pay the stated acquisition value, that sales tax was already paid at inception on the original lease transaction.
We looked at the Audi A3 today and instead of the sedan we really liked the convertible. Could I ask for the money factor and residual for the A3 convertible Premium 1.8t and 2.0t? We drove both but the 2.0 was like a rocket. We live in Florida. Thank you so much.
We looked at the Audi A3 today and instead of the sedan we really liked the convertible. Could I ask for the money factor and residual for the A3 convertible Premium 1.8t and 2.0t? We drove both but the 2.0 was like a rocket. We live in Florida. Thank you so much.
Sorry I left that info out about the A3 convertible 1.8t & 2.0t Premium.. We are looking at either a 3year/30,000 mile or 3 year/36,000 miles per year. The sales rep suggested the 3year/30,000 mile since we don't drive much. He also suggested Audi Care. Also, do you know the acquistion fee for this car? Thanks again!
Sorry I left that info out about the A3 convertible 1.8t & 2.0t Premium.. We are looking at either a 3year/30,000 mile or 3 year/36,000 miles per year. The sales rep suggested the 3year/30,000 mile since we don't drive much. He also suggested Audi Care. Also, do you know the acquistion fee for this car? Thanks again!
36/12 numbers:
1.8T Premium Cab - .00020 and 54% 2.0T Premium Cab - .00005 and 55%
Add 1% for 10K. Add 1% for AudiCare. Acquisition fee is $795.
Here is what I found from the Texas Administrative Code re: Tax on Leased Vehicles
(b) If, at the termination of a lease, a motor vehicle is sold by the lessor to the lessee and the lease contained an "option to purchase" at less than fair market value or a "must purchase" clause or if the vehicle is sold to the lessee at less than fair market value, the amount subject to the motor vehicle sales and use tax will be the total consideration paid the lessor by the lessee under the agreement, since the agreement will be considered a sale rather than a lease agreement. "Total consideration" means the amount paid or to be paid for a motor vehicle and all accessories attached to it at the time of the sale; total consideration does not include separately stated finance charges, carrying charges, service charges, or interest.
(c) If the transaction is considered to be a sale and not a lease, as described in subsection (b) of this section, no additional motor vehicle sales tax is due at the time the initial lessee/purchaser takes title to the vehicle, provided the correct amount of tax was previously paid on the total consideration. If the correct amount of tax was not paid on the total consideration, the lessee/purchaser must pay the difference when the vehicle is titled in his name.
Does this not seem to indicate that if the correct sales tax is paid on the price of the original lease, that if a lessee decides to keep the car at the end of the lease and pay the stated acquisition value, that sales tax was already paid at inception on the original lease transaction.
I read it the same way you do... but, I'm not a lawyer. The "at less than fair market value" clause worries me, as that is what happens in a lot of commercial leases. They structure them as a lease to get the full tax write-off, but in reality, the residuals are set really low, or they have a "must purchase" clause as described above. I'm not sure a normal consumer lease will qualify for that treatment. And, if your local DMV office says you have to pay the tax, you'll be stuck, either way. (I've hired a lawyer.. not cheap. lol)
Hello, Do the M.F.s change every month or more often than that? A month ago I was quoted a M.F. of .00034 on a 2.0t and now that has increased three fold to .00099. The monthly interest goes from approx. $20 to $ 60 per month resulting in an increase to the total interest charge of approx $1200 -$1600 over the life of the lease. The residuals also increase slightly but the change amounts to about about $350- $700. All of this results in a net increase to the buyer of about $900( $30=$40/mo] on 36 mo. lease. Is all this juggling of the M.F. and the residuals normal? Sorry for all the rambling. Can you please give me the most current M.F and Residuals on a Premium 2.0 t ,7500 mi.-10000 mi. 36 mo and 42 mo in N.Y.? Thanks
Hello, Do the M.F.s change every month or more often than that? A month ago I was quoted a M.F. of .00034 on a 2.0t and now that has increased three fold to .00099. The monthly interest goes from approx. $20 to $ 60 per month resulting in an increase to the total interest charge of approx $1200 -$1600 over the life of the lease. The residuals also increase slightly but the change amounts to about about $350- $700. All of this results in a net increase to the buyer of about $900( $30=$40/mo] on 36 mo. lease. Is all this juggling of the M.F. and the residuals normal? Sorry for all the rambling. Can you please give me the most current M.F and Residuals on a Premium 2.0 t ,7500 mi.-10000 mi. 36 mo and 42 mo in N.Y.? Thanks
.00034 MF and 59%/58% residual for 36 months .00054 MF and 55%/54% residual for 42 months
Audi's current program is effective from 04/01 through 06/30. Nothing has changed since April
Here is what I found from the Texas Administrative Code re: Tax on Leased Vehicles
(b) If, at the termination of a lease, a motor vehicle is sold by the lessor to the lessee and the lease contained an "option to purchase" at less than fair market value or a "must purchase" clause or if the vehicle is sold to the lessee at less than fair market value, the amount subject to the motor vehicle sales and use tax will be the total consideration paid the lessor by the lessee under the agreement, since the agreement will be considered a sale rather than a lease agreement. "Total consideration" means the amount paid or to be paid for a motor vehicle and all accessories attached to it at the time of the sale; total consideration does not include separately stated finance charges, carrying charges, service charges, or interest.
(c) If the transaction is considered to be a sale and not a lease, as described in subsection (b) of this section, no additional motor vehicle sales tax is due at the time the initial lessee/purchaser takes title to the vehicle, provided the correct amount of tax was previously paid on the total consideration. If the correct amount of tax was not paid on the total consideration, the lessee/purchaser must pay the difference when the vehicle is titled in his name.
Does this not seem to indicate that if the correct sales tax is paid on the price of the original lease, that if a lessee decides to keep the car at the end of the lease and pay the stated acquisition value, that sales tax was already paid at inception on the original lease transaction.
In TX if you decide to buyout the vehicle you will have to pay the Sales tax on the Residual Value, or AKA option to buyout. The reason is, when you have an ownership change you must re register the car and pay sales tax.
The only way to avoid paying the Taxes is to transfer the lease to another person, by doing so the owner stays the Leasor.
What is the current money factor and residual value for 2016 Audi A3 2.0 AWD Premium and Premium plus models? I am in Washington and looking at 10k miles per year for 3 years, if that helps. Thanks!
What is the current money factor and residual value for 2016 Audi A3 2.0 AWD Premium and Premium plus models? I am in Washington and looking at 10k miles per year for 3 years, if that helps. Thanks!
.00034 and 58% for the premium. Subtract 2% for the premium plus.
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To calculate a lease you also need the selling price and/or CAP cost.
Along with the money factor and residual. (.00010 MF and 56% residual for this model)
Adding AudiCare would add 1% to the residual.
Also, Texas charges tax on the full price of the car for a lease. So, your TTL down could be $2500 or so.
Your plan sounds good, but throwing in AudiCare and asking for a $20/mo. reduction is a $1500 difference. That's not a small amount for the cheapest car they have on the lot, on which they are already promoting a low price.
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You should be able to do better than that with some decent negotiation skills.
The only state I'm aware of that doesn't charge sales tax on a lease is Oregon.
If you register the car in Texas, you'll pay Texas sales tax.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
In terms of discount from sticker, we've always thought that 4-6% was appropriate for Audi.
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So I found a nice lease calculator on line and put in the following inputs: Est. MSRP $34,500, Est Selling Price $32,800, Residual 56% (per your earlier response), MF .00010 (per your earlier response), Term 36 mo, Mileage 36k. The lease calculator calculated an estimated payment of $379. That sort of tells me that the $299 monthly payment (and if I can get $279 monthly payment), not to mention if I can get them to include the Audit Care, is a pretty good deal. Is that your conclusion? Am I missing anything in my analysis?
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Most luxury makes have a balloon program for states like Texas, which puts the car in your name, but is an actual loan with lower payments and a balloon note due in 36 months. Most of those still have an option to turn the car back into the bank, rather than buy it out. But, if you do buy it out, the car is already in your name, so in effect, you are just refinancing the balance, so no further tax is due.
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(b) If, at the termination of a lease, a motor vehicle is sold by the lessor to the lessee and the lease contained an "option to purchase" at less than fair market value or a "must purchase" clause or if the vehicle is sold to the lessee at less than fair market value, the amount subject to the motor vehicle sales and use tax will be the total consideration paid the lessor by the lessee under the agreement, since the agreement will be considered a sale rather than a lease agreement. "Total consideration" means the amount paid or to be paid for a motor vehicle and all accessories attached to it at the time of the sale; total consideration does not include separately stated finance charges, carrying charges, service charges, or interest.
(c) If the transaction is considered to be a sale and not a lease, as described in subsection (b) of this section, no additional motor vehicle sales tax is due at the time the initial lessee/purchaser takes title to the vehicle, provided the correct amount of tax was previously paid on the total consideration. If the correct amount of tax was not paid on the total consideration, the lessee/purchaser must pay the difference when the vehicle is titled in his name.
Does this not seem to indicate that if the correct sales tax is paid on the price of the original lease, that if a lessee decides to keep the car at the end of the lease and pay the stated acquisition value, that sales tax was already paid at inception on the original lease transaction.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
1.8T Premium Cab - .00020 and 54%
2.0T Premium Cab - .00005 and 55%
Add 1% for 10K. Add 1% for AudiCare. Acquisition fee is $795.
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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
Thanks
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Packages don't matter. Just FWD/AWD and trim line.
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The residuals also increase slightly but the change amounts to about about $350- $700.
All of this results in a net increase to the buyer of about $900( $30=$40/mo] on 36 mo. lease.
Is all this juggling of the M.F. and the residuals normal?
Sorry for all the rambling.
Can you please give me the most current M.F and Residuals on a Premium 2.0 t ,7500 mi.-10000 mi. 36 mo and 42 mo in N.Y.?
Thanks
.00054 MF and 55%/54% residual for 42 months
Audi's current program is effective from 04/01 through 06/30.
Nothing has changed since April
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Could I get the money factor and residual on a 2016 A3 2.0T with Premium for 36month/10k miles?
I'm in northern California, would the money factor or residual value vary from state to state, or is it consistent nationwide?
Thank you very much
.00034 and 58%
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The only way to avoid paying the Taxes is to transfer the lease to another person, by doing so the owner stays the Leasor.
Trim level?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 A3 cab premium MSRP$42730
36mths & 10k/yr
395 cap cost reduction
399 per month
Thanks all.
Selling price or adjusted CAP cost?
Total amount due at signing?
State and tax rate?
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To get to that payment, with everything else paid upfront, the CAP would have to be about $38,000 after the CAP reduction.
That's about 9% off MSRP. Which is good, unless there are incentives on this vehicle (which we don't know). Is that about $3000 due at signing?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for some help on a 2016 A3 lease. The sticker price for the car is $33,183.47
The dealer is offering $1000 down, $331(audi care included all CA tax included as well)
Is this a good deal?
Thanks so much!!
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