Q5 Premium Lease terms

2016 Q5 Premium w/Nav, heated seats
36 mo./10k miles
MSRP: $45,520
Sell Price: $39,500
Fees: $313.65
6% Finance Tax: $2,375
Net Sales Price: 42,188.65
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$0 down
$0 due at signing ($1,000 rebate)
Base monthly payment: $436.20
9% monthly tax: $39.26
Total monthly payment: $475.46
Residual value: $27,312.00
Thanks!
Best Answers
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Michaell Moderator Posts: 218,502
.00126 and 60%.manhattanmugz said:Hi, I'm hoping you can let me know if this is a good lease deal, at least consistent with others in the Philadelphia suburbs:
2016 Q5 Premium w/Nav, heated seats
36 mo./10k miles
MSRP: $45,520
Sell Price: $39,500
Fees: $313.65
6% Finance Tax: $2,375
Net Sales Price: 42,188.65
--------------
$0 down
$0 due at signing ($1,000 rebate)
Base monthly payment: $436.20
9% monthly tax: $39.26
Total monthly payment: $475.46
Residual value: $27,312.00
Thanks!
PA taxes the monthly payment (at 9%, there is a 3% lease surcharge applied, I've heard). So, the $2375 shouldn't be included.
Using the MSRP and sell price you've provided, I get $423/mo + tax, or $461 with tax.
Dealer may be marking up the MF on you, or the net cap cost is higher than the sell price you've provided.Edmunds Price Checker
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Michaell Moderator Posts: 218,502
That was it - now my calculations are within pennies of the dealer quote.manhattanmugz said:Looks like they added $695 for acquisition fee, then backed out $231.39 as a customer rebate. This, on top of the $39,500 gives a total capital cost of $39,963.61
If you're comfortable with the selling price, no reason not to pull the trigger.Edmunds Price Checker
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL45 -
kyfdx Moderator Posts: 216,306
Congrats!manhattanmugz said:Thanks for your help. We ended up buying a used 2015 q5 premium plus. The long-term financials and 1.84% interest rate were to good to pass up.
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Answers
36month 12k per year
Just fees down
Including MA taxes
I'm thinking no more than 530-550 given year end
Would need to know the net cap cost in order to model the payment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4