2016 Audi A6 Premimum Plus

asmass

I'm looking at buying an Audi A6 via a 36-month lease 15k/yr. Can someone confirm the residual % and money factor their using for this month.

The car built with Drivers Assistance, LED Headlights, Bose Stereo, 19” wheel package, and Cold weather Package.
The list Price is $64,750. They gave me $4000 off and some credits for the BMW and additional savings that amount to $2000, making the price $58,750 with a lease payment of $857 per month. Please advise if this is a good deal?

Michaell

asmass said:

I'm looking at buying an Audi A6 via a 36-month lease 15k/yr. Can someone confirm the residual % and money factor their using for this month.

The car built with Drivers Assistance, LED Headlights, Bose Stereo, 19” wheel package, and Cold weather Package.
The list Price is $64,750. They gave me $4000 off and some credits for the BMW and additional savings that amount to $2000, making the price $58,750 with a lease payment of $857 per month. Please advise if this is a good deal?

Which engine? FWD or Quattro?

asmass

3.0 TFSI. Quattro

Michaell

asmass said:

3.0 TFSI. Quattro

.00069 and 53% for 36/15 on the 2016 A6 3.0T Quattro Premium Plus.

Using your MSRP and selling price, I calculate a pre-tax payment of $741/mo.

What state is this and what is the tax rate?

asmass

Illinois. Tax rate is 6.25% for Illinois State Tax + 0.75% for Lake County= 7.00%

asmass

After adding in the state and county tax the monthly payment is $855.24 which is within $2.00 of what they quoted me. Do you think they are offering me a fair deal or is their room negotiate the monthly payment down some more?

Michaell

asmass said:

After adding in the state and county tax the monthly payment is $855.24 which is within $2.00 of what they quoted me. Do you think they are offering me a fair deal or is their room negotiate the monthly payment down some more?

I'm not sure how you are calculating the tax .. if I tax the monthly payment I calculated above, the payment only goes to $795/mo.

So, one of two things could be happening:

1. MF is marked up
2. Net cap cost is higher than the selling price

asmass

List Price: $64,750.00
Less Incentives: -$6,000
Net Price: $58,750.00
State & County Tax 7%: $58,750 x 7%= $4112.50/36-months= $114.24
Pre-Tax Monthly Payment= $741.10
IL State & Connty Tax= $114.24
Total Monthly Payment= $855.24

Michaell

asmass said:

List Price: $64,750.00
Less Incentives: -$6,000
Net Price: $58,750.00
State & County Tax 7%: $58,750 x 7%= $4112.50/36-months= $114.24
Pre-Tax Monthly Payment= $741.10
IL State & Connty Tax= $114.24
Total Monthly Payment= $855.24

Nope, so far as I know, IL taxes the monthly payment only, not the entire purchase price.

They used to, but the law changed on 1/1/15.

asmass

Your absolutely correct.... So based on your calculations, I should go back to the dealer and try to get my monthly payment down to $795 per month, using your MF and Residual %.... correct

Michaell

asmass said:

Your absolutely correct.... So based on your calculations, I should go back to the dealer and try to get my monthly payment down to $795 per month, using your MF and Residual %.... correct

Yes. Negotiate the lowest selling price you can, then ensure that the dealer doesn't mark up the MF. That will get you the lowest monthly payment.

Also look out for extra fees that are added into the selling price. Some are legit - dealer fee, bank fee - and some aren't.

asmass

thank you very much for your advise and assistance it was very helpful!!!! I will let you know what the final outcome is shortly.

asmass

Michaell, Please see the email response I just received from the Audi dealer. It sounds likes their done negotiating with me and offered their best price. Please let me know your thoughts:

Andrew,
Sorry for the delay, I was off yesterday. I have an interest factor of .00089 as buy rate on this model. Also there is an additional $878 in acquisition fees from Audi. It includes Gap insurance and fees for them. Lic and title fees, doc fee add another $254. As I said before. We are actually selling the car for $500 under cost with the addition of another $2000 in factory incentives. This car does not get any cheaper.
Bob

Michaell

asmass said:

Michaell, Please see the email response I just received from the Audi dealer. It sounds likes their done negotiating with me and offered their best price. Please let me know your thoughts:

Andrew,
Sorry for the delay, I was off yesterday. I have an interest factor of .00089 as buy rate on this model. Also there is an additional $878 in acquisition fees from Audi. It includes Gap insurance and fees for them. Lic and title fees, doc fee add another $254. As I said before. We are actually selling the car for $500 under cost with the addition of another $2000 in factory incentives. This car does not get any cheaper.
Bob

If you are getting the buy rate on the MF and their rock bottom price, I don't see how you can do any better, other than to use MSD to buy down the MF.

asmass

Thank you for your assistance, it's very much appreciated.