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

2016 Audi A6 Premimum Plus

asmassasmass Member Posts: 19
edited August 2015 in Audi
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?
Tagged:

Comments

  • Options
    MichaellMichaell Moderator Posts: 241,305
    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?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Options
    asmassasmass Member Posts: 19
    3.0 TFSI. Quattro
  • Options
    MichaellMichaell Moderator Posts: 241,305
    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?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Options
    asmassasmass Member Posts: 19
    Illinois. Tax rate is 6.25% for Illinois State Tax + 0.75% for Lake County= 7.00%
  • Options
    asmassasmass Member Posts: 19
    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?
  • Options
    MichaellMichaell Moderator Posts: 241,305
    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

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Options
    asmassasmass Member Posts: 19
    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
  • Options
    MichaellMichaell Moderator Posts: 241,305
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Options
    asmassasmass Member Posts: 19
    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
  • Options
    MichaellMichaell Moderator Posts: 241,305
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Options
    asmassasmass Member Posts: 19
    thank you very much for your advise and assistance it was very helpful!!!! I will let you know what the final outcome is shortly.
  • Options
    asmassasmass Member Posts: 19
    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
  • Options
    MichaellMichaell Moderator Posts: 241,305
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Options
    asmassasmass Member Posts: 19
    Thank you for your assistance, it's very much appreciated.
Sign In or Register to comment.