Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

Money factor and residual on lease

rhiannonfl1rhiannonfl1 Member Posts: 3
edited August 2015 in Audi
A3 Sedan 1.8T FWD S-Tronic
MSRP 34095.00
residual 19775
36 months 7500 miles per year ( I have a short commute)
348.48 per month before tax - 369.86 total payment
they covered the first month payment
$1500 down
Selling price 31255.48
Gross cap cost = 33577.48

I think I got jerked on the fees/add ons - hoping at least the money factor is reasonable.

Comments

  • kyfdxkyfdx Moderator Posts: 236,959

    A3 Sedan 1.8T FWD S-Tronic
    MSRP 34095.00
    residual 19775
    36 months 7500 miles per year ( I have a short commute)
    348.48 per month before tax - 369.86 total payment
    they covered the first month payment
    $1500 down
    Selling price 31255.48
    Gross cap cost = 33577.48

    I think I got jerked on the fees/add ons - hoping at least the money factor is reasonable.

    Premium? .00013 MF and 57% residual.

    If the $1500 is all for CAP reduction, I get a payment around $358/mo.+tax.. so, it looks like you did okay.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • rhiannonfl1rhiannonfl1 Member Posts: 3
    edited August 2015
    Yes, Premium. They added in 798 doc fee, 695 acquisition fee ( which I understand is pretty standard for Audi, and $896 for Audi Care
    Not sure if the $1500 was all CAP reduction - in the 'Itemization of Amount due at Signing " the CAP cost reduction is listed at $1503 then various other fees ( sales tax, first payment, elec filing, battery fee etc) for a total of $2250 which equals the $1500 plus the $750 incentive.
    Upon further review of the docs Adjusted CAP cost is 32073.71 accounting for the $1503.77
    All of this is mindboggling, but I am learning
  • rhiannonfl1rhiannonfl1 Member Posts: 3
    @kdfdx thank you . I feel better
Sign In or Register to comment.