First time lease of 2015 or 2016 Q5
I am in chicago area and not familiar with bargains involved in leasing. Since there is sales tax benefit in IL for leasing I am planning to lease this time instead of purchasing. I am shopping for
2016 Q5 Premium plus 2.0 AWD with Tech package MSRP 47,950 (with Tech credit of 600$)
2015 Q5 Premium plus 2.0 AWD with Tech package and other accessories MSRP $49,300.
I have excellent credit rating and 36/10k miles is good for me.. I know how to get purchase price , for leasing what would be the best offer for above configuration.
If I trade-in would it be helpful for leasing ? Otherwise I would just sell to private party.
Any help provided is much appreciated. Thanks.
2016 Q5 Premium plus 2.0 AWD with Tech package MSRP 47,950 (with Tech credit of 600$)
2015 Q5 Premium plus 2.0 AWD with Tech package and other accessories MSRP $49,300.
I have excellent credit rating and 36/10k miles is good for me.. I know how to get purchase price , for leasing what would be the best offer for above configuration.
If I trade-in would it be helpful for leasing ? Otherwise I would just sell to private party.
Any help provided is much appreciated. Thanks.
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Trade-ins work the same way... Selling private party will likely net you more money than trading in.
.00112 MF and 57% residual for 36mo, 10K/yr
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Thanks for quick response. What are different unwanted fees that a dealer can add ?
Extended warranty
Accessories that can't be residualized.
Anything that they try to sell you in the finance office.
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Residual and base MF are set by AFS; dealer cannot alter the residual but can mark up the MF for extra profit.
Lease vs. buy - I suppose it depends on how long you plan to keep the car.
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If the extras are on the factory sticker, they will be part of the MSRP and will be residualized. $800 of options would add about $10-$12/mo. to your payment, assuming the selling price was $800 more. Accessories that aren't on the government sticker add a lot more to the payment, as they usually aren't residualized. That's the key: Are they included in the MSRP, or not? Of course, mats and cargo nets can be removed.... or, thrown in for free, if they are added at the dealership. I certainly wouldn't pay for anything that was added at the dealership, and not on the sticker.
My recommendation is to avoid the 19" wheels. They look great, but if you have to replace the tires, the cost is staggering. Plus, they may come with summer performance tires. If you are in Chicago, and have to deal with winter weather, then 19" is not the way to go.
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If the accesssories are on the Monroney sticker, and not some additional sticker the dealer added next to it, then the cost is sort of minimal.. As mentioned before, $800 on the MSRP will add $10-$12/mo. to the payment. It's hard to find a car on the lot with the exact equipment you want.
The acquisition fee is standard on every lease.
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.00112 and 57% for 36/10. Add 1% for 7500 miles.
.00132 and 55% for 39/10
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That's substantial. If you have the cash available, that's not a bad way to go.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Take the $800 increase in price, multiply it by the residual, then divide by the lease term. You've asked about both 36 and 39 month terms with different miles per year, so the residual varies.
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You can make your lease payments early, but that won't save you any money, or let you turn in your vehicle early
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2016 Q5 PP + Tech +19 inch with AudiCare
MSRP 48,995
CAP cost 41645
Term 36/10K
Purchase Option 28,417.10
Sales Tax : 8.25% = $1804.84
Dealer Doc fee 169$
Title+License = 221$
Cap Reduction (Cash) 3,700.00
Rebate as Cap Reduction 1,000.00
Monthly Payment 500.87
Disposition Fee 350.00
It seems I have to put down 3700$ to get down to 500$ monthly payment. Does monthly payment looks correct for listed CAP cost and other list fees ? Can you please help ?
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1. Sticker Price of the car + options = 48995
2. Times the residual value percentage X 0.58% equals the residual value = $28417
3. Invoice price of car minus incentives (net capitalized cost) $41645
4. Minus the residual (from line 2) equals the depreciation over 36 months = $13228
5. Depreciation (line 4) divided by term in months ÷ 36 equals the monthly depreciation payment = $367
6. Net capitalized cost (From line 4) + Acq fee + Audi care + Dealer fee= $41645 +795+849+169 = 43458
7. Plus the residual (From line 2)+ $28417 equals = $71875
8. Times the money factor X .00112 ( percent) equals money factor (interest) payment portion = $80.5
9. Monthly depreciation payment (from line 5 $367 )+ money factor payment portion (from line 9 $80.5)
10. Equals bottom-line monthly lease payment = $447.5
11.Dealer calculated tax for lease period= $1804.84
12. Tax divided by 36 = 50.13 $
13. bottom-line monthly lease payment with tax= $447.5 + 50 .13 = 497.5
Line 11: That tax is collected upfront. Rather than dividing by 36, just add it on to Line 6, and proceed from there. (It will result in a slight difference.. a couple dollars more per month).
Your calculations are correct, other than the way the tax is accounted for.
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I only did the calculations using the info you provided on lines 1-13. Nothing about any further cap reductions is included in that information.
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You can get a .00100 reduction with AFS, for a single-pay lease, but you can't negotiate that with AFS. You have to go through the dealer. AFS won't give out any MF information, because they might let it slip that the dealer has marked up the rate on you.
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