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What are lease numbers for August 2015? (MF/Residual) Dealership wants to close the deal before the 31st.
2016 Audi Q5 3.0 TDI Premium Plus (Technology Package, S Line Plus Package,Sport Interior Package) with AudiCare
MSRP: $55,995
Zip: 90815 (Los Angeles County)
Sale Price Per Edmunds Online Calculator: $48,330 (Hoping to negotiate this price with the dealer)
Lease Term: 36 months
Miles/Year: 12,000
Down Payment: $3000
I'm being told I'm Teir 2 with my credit score from Audi Financial. How does this affect the MF?
Thank You.
I don't have credit scores, but tier B adds .00040 to the MF.
What is the breakdown of the $3000 due at signing?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$48,330 (selling price) + $724.95 (tax/reg) - $3000 (Down Payment) = $46,055
$48,330*60%=$28,998 (from selling price?)
$46,055-$28,998=$17,057
Money Factor:
.00184+.00040 = .00224
.00224*2400 = 5.376%
$17,057 (payments based of this?)+(3*(17,057*5.376%) [<---- interest] = so.....
$17,057 + 2751 =$19,807
$19,807/36 (months) = ~$550/month payment
I'm missing the 9% sales tax in my math. Not sure if that's calculated of the selling price, or...?
Residual is a percentage of MSRP, not selling price.
The money factor is used to calculate the finance charges. No need to convert it to an APR. Also, it's applied to an average of the CAP cost and residual, not the depreciation amount
I'm not sure how you got your selling price, but $7600 off MSRP on a Q5 doesn't seem very realistic...
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I am trying to lease 2016 Audi Q5 2.0T Premium Plus quattro AWD with Technology and Sport Package. I am based in NJ which has 7 % tax.
Car MSRP – 50135
Dealer ready to sale car for 47000 OTD which includes taxes, doc and reg.
For lease he gave me quote for 570 pm for 10K miles for 36 months with 1st monthly payment as down. 570 includes taxes as well. Any mileage above 10K is 0.40 cents.
No Audi care connect. Dealer did not gave me MF but I believe residual was 62% but not sure.
Is this a good deal. What should be my Residual and MF.
I get $645/mo with your numbers. $570 looks quite aggressive by comparison.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Are you paying anything down or trading anything in, that seems like a great price..
Thanks!
Neel
MSRP - 44,570.00
Selling Price - 37,885.00
Dealer Fee $590
Tax $2,695
Tag $40
Total OTD $41,210
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm in Walnut Creek (close to San Francisco, Ca) and this is what I'm looking for
10-12,000 mi/year
Lease 36mo
Down: $0
Colors: White preferred but open to options
2016 Audi
Q5 3.0T Premium Plus quattro
272-hp 3.0L Supercharged V6
8-speed Shiftable Automatic
All-Wheel Drive
COLOR & TRIM
Glacier White Metallic
Black Leather
PACKAGES & OPTIONS
Technology Package
Sport Interior Package
Luxury Package
- What is the money factor for this?
- Could I also get the MF for the 2015 of similar specs?
I'm working on the dealer with an invoice price now.
Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 - .00160 and 55%
2016 - .00178 and 59%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015: .00086 MF and 53% residual
2016: .00165 MF and 57% residual
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Thanks
ZeeKay
http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2016 - .00207 and 56%
No incentives.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What lease term are you looking for?
use the pricing tools at the top of the page - make model year - to help get price targets.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Not sure I'd ask my insurance rep about lease/buy decisions, but he does have a point about rates. Audi lease rates aren't that great. On another vehicle, a lease might be a smart move, but on an Audi Q5 it is pricy.
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1. Do you have MF rates for A, B and C tier with Audi Financial for 2016 Audi Q5 2.0 Prem Plus for 36mo/10k mi? and same question for 36 mo/12k mi?
2. If we have $4k and don’t want to make a lease downpayment, could we do MSD’s? If so, how many can you do and what does that reduce the MF to?
This is in Texas. THANKS!
Three cars in one day has to get me a big discount.
Add .00040 for B-tier or .00065 for C-tier.
2) Not real familiar with Audi's MSD program. I think it's .00005 reduction per SD, with a maximum of 10.
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Thanks so much, just trying to understand it all
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2016 Audi Q.5 quattro Premium Plus 36/12k
48670 MSRP
Residual .57
MF .00165
Price 42759
quoted $4000 down, $525 month - let me know what you think of this deal.
Need a CAP cost to truly evaluate the deal.
$533/mo. just using the MSRP and selling price.. So, what's the $4000 for? (1st payment, acquisition fee).. but, what else?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Net Cap Cost - $42, 241
MF - .00165
Res - 60%
36/12
$3257 down which includes first month, bank fee, taxes (NYC), DMV, etc.
$543 a month
From what I can gather, it seems like a very good deal. Can you please confirm? Thanks in advance!
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If that is the residual they are using for a Premium Plus, I think it will get kicked back, or they will catch it beforehand.
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Net Cap Cost - $42, 241
MF - .00165
Res - 60%
36/12
$3257 down which includes first month, bank fee, taxes (NYC), DMV, etc.
$543 a month
From what I can gather, it seems like a very good deal. Can you please confirm? Thanks in advance!
They have the residual wrong. That's the correct money factor, but the residual is 57% for the Premium Plus. 60% is the 2.0T Premium residual for 36/12
So are you saying that the price won't be honored if I decided to go through w the lease?
If that is the residual they are using for a Premium Plus, I think it will get kicked back, or they will catch it beforehand.
So if the residual gets knocked down to 57%, what would the payment turn into according to your numbers?
What is the MSRP? The difference in the payment will be 3% of that number, divided over 36 months.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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