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That paragraph you just wrote is where I begin to get lost on leases.
I guess I need to google definitions of Cap Reduction to start.
The payoff at any time is the residual value plus remaining lease payments.
Most people confuse depreciation with cash value. Those are actually two different things.
Depreciation is an accounting concept. Depreciation attempts to spread the cost of an asset over the expected useful life less any residual value, a different residual value than on a lease. When computing depreciation, the residual value is the amount at which the asset can reasonably be expected to be worth at the end of the period.
Take an asset, say a car, which cost $33,000 and has an expected useful life of 5 years at which time it will have a residual value of $3,000. In this example, the depreciable amount is $30,000 ($33,000 less $3,000). With straight line depreciation, 5 years, the annual depreciation would be $6,000 ($30,000/5 years).
If a buyer makes a down payment on the vehicle in the above example, neither depreciation nor cash value is impacted. The cost of the vehicle is still $30,000 and the cash value is not impacted by how much a person puts down on the purchase or lease of the vehicle. The cash value depends on the market.
At any given time the depreciated value will be different than cash value. There are different cash values. For a car you have private sale value, sale to a dealer. value, wholesale value, etc. At any given time the cash value may be different than the depreciated value.
Also, with a lease buyout the leasee generally does not have to pay any disposition fee nor any over mileage or condition fees.
This is not always exact or true. Many banks reduce the payoff to account for reduced finance charges, because the lease is being paid off early. So, depreciation matters.. to the bank, and may affect the payoff.
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2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Me, I'm still hoping for a sport turbo legacy by MY 2018.
The SC could work for you though. But guessing, not cheap.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I would say trade in the 4 banger for a used 6 banger and get your power bump that way. Plus a CPO warranty, and more features!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
I wonder if the designer from Audi has a say so in engineering design as well as aesthetics. Seems like it as it is odd Kia of all companies has joined the ranks of Porsche, Ferrari, and Audi/VW with a dual clutch transmission in a major model line trim (not just an M-model say with BMW or Ford's dabbling unsuccessfully so far.). Acura I think blew it by not offering the transmission with both engine options, and their version didn't seem like it was performed quite right either (I know they still use a power sapping torque converter).
pawngive her the Legacy, & see if she'll allow me to get a GTI Sport.2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Some of mine do keep the RDX as the spare car. Some replace it totally.
She likely divorces me by the time this is all over.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2017 Cadillac ATS Performance Premium 3.6
Wife wants another SUV, but does not want bigger than the Escape. Options are to try and lease something again like the Escape (CR-V, CX-5, Tuscon etc.) or find a CPO Audi Q5/BMW X3/Acura RDX. My preference is for something German, but ultimately wife is going to have some say.
Another wildcard is my Dad's 2014 Touareg TDI. Currently has 67k miles on it and by June will likely have 77k-80k miles on it. That is around the time he'll be looking to get rid of it. He bought it with the 7 year/100k mile bumper-to-bumper VW extended care warranty on it and given the mileage we drive, would give us at least 2-3 years of driving before coming anywhere near running it out. If he is willing to part with it, it could be a good option for us, mostly because I know the history.
Of your other options, CX5 and Q5 are my favorites. Though the RDX is nice also!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
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25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
She did point out over the weekend that she thought our neighbor's new GTI was 'cute'...
25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0
2017 Cadillac ATS Performance Premium 3.6
I've been trying to sell the station wagon concept (specifically a V60 Polestar), but she wants to sit higher off the ground.
I like the CX-5 as well, sans the less than stellar dealer experiences I've had in the Seattle area and the more practical fact that I think it is incredibly slow.
All I know is I like the smaller size vehicle and want to sit up a bit higher. The Tiguan fits the bill perfectly. And once retired again, I want to travel around the U S and see places we've never been to. So I'd like to get in and drive around the country for 3 to 4 months, if not longer. The Tiguan could work for this plan as it would just be the two of us plus luggage and things we pick up along the way. And buying a CPO 2017 unit with low miles could be just the ticket, let someone else take the depreciation.
But right now, this is the current plan, Plan A. Am sure they'll be a Plan B, Plan C, maybe more, just don't know at this point. But after talking with one of my kids and my wife, this is what I would like to do once I retire again given that we're able to. Am figuring once I finish working, I'll be feeling better and well enough to do more, again something the wife and I discussed this weekend. After working the days I do, I'm down on many of my n/s days and not up to doing much. Once work ends, I should feel better and be more ready, willing and able to go do things. Another big reason why I want to retire sooner than later, my chronic pain is so much more under control after being off a bit, I hurt much less!
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Oh well. Someone else will get a pretty darn good well kept 9+ year old TL with almost no miles on it. It is gold/beige with beige interior. Oh, the sound system does degrade over 9 years. It was pretty average for an "upgraded" system. The '13 I looked at blew it away.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
but who's counting.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2013 LX 570 2016 LS 460
That's why I was curious. The TTRS has 354 ft lb with the DSG and your APR tuned TTS is rated by APR at 409 ft lb of torque. Hopefully no issues. Pretty close to the torque of the S6 so I bet it's ok assuming the same build.
Either way more recent R8's use a dual clutch DSG. Early versions used some odd ball single clutch system that people didn't like.
I think I had an over-performing A3 so the stage 1 Unitronic tune was underwhelming. I think I had a good performing stock S4 too, and it was well broken in and trained, so the REVO stage 1 while not underwhelming, was not quite an eye opening experience. The APR tune on the TTS seems to live up to the marketing hype better, but then again, I would say I definitely didn't have an over-performing TTS whereas on the A3 I did. I feel like the Tune woke up the car and makes it perform as intended by the engineers at Audi (before regulations got in the way).
So it might not come down to the software so much as Audi under-rated the A3 and S4 more drastically than the TTS. I'd say the TTS felt like the power was right about as rated, whereas the A3 felt about 20% more HP, and the S4 at least 10%.
2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
But that is partially why I stuck to my guns and low number on the Kia, and the Kia dealer and sales manager met my number. Can't complain. I'd of left more money on the table for Kia if I didn't have used options on the table waiting in the wings (mentioning a new Passat was cheaper probably helped too).
2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
The new facelift is growing on me - it seemed a bit busy at first, but I'm liking it.
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
There is no "S" mode on the transmission, but sport driving mode makes everything (but gas mileage) better, so that's no bother.
Get this though, you can put it in manual mode with the stick/lever (no paddles).
Even crazier, and this made me actually literally LOL when I was by myself in the car yesterday on a curvy twisty road. Not only is there an ESC/TSC off button, but just like in an Audi where the driver can have full control, if you hold that ESC button down for 3 or 4 seconds instead of just pushing it briefly, you get everything to shutoff (vs. partial nanny shut-off)! I was impressed and pretty surprised that KIA is still letting the driver choose their medicine..
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD