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2017 Audi A4 Lease Questions
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Obviously, you don't want to do a 48 month lease with Audi.
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Thanks
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Hi Mitchell,
I have been lurking here for a while and finally got to see that dealer and got a lease quote on an A4. I happen to think these leasing numbers are ridiculously high so I figured I would run it by you to see what my lease should be vs their quote.
Configuration:
2017 A4 Prestige
Quattro
Moonlight Blue
Driver Assistance Package
MSRP: $ 50,375
Dealer Price: $ 48,360
Long Island, NY
The lease pricing I was given for 15k miles and $2k down is as follows:
"The following 3 deals will all be 15K miles per year. The "Due at signing" does not include DMV (estimated 175.00)
36 mos $1988.73 / 789.73 per month
39 mos $1999.03 / 762.03 per month
42 mos $1999.48 / 738.48 per month "
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When I told him I thought the price was high and asked for the MF and RV and this is what I got back:
"The money factor & residual are dictated to us from Audi--on 36 mos the residual is 51%, on 39 mos it's 49% & on 42mos it's 47%. The Money factor is .00106 The prestige has the lowest residual & you are leasing with 15k -these factors drive up your cost. What is it about the prestige you want?"
------
What do you think a fair lease price would be for me to go back to him with?
Thanks so much!
Rob
.00099 is the base MF for 39 or 42 month terms.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Anyhow, looking for MF and RV for A4 Prestige Quattro 36 mo / 10K. Would consider 42 or 48 mo, but I gather that's less attractive, correct?
If it matters what state I'm in... Massachusetts.
Thanks!
42 months isn't bad
.00099 MF and 51% residual
But, Premium Plus model residuals are 4% higher.
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Did you change the term to 42 months, when entering the numbers?
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Also, any idea what the "Acquisition Fee" might be? Distinct from the Document and Registration Fees? Is that a cap cost reduction?
Thanks much for your help!
Thanks, in advance for the help.
I'm looking at a 2017 Audi A4 Quattro, Premium Plus (Moonglight Blue w/ Nougat Brown).
I'm getting an offer that sounds too high to me, was wondering if I could get an accurate counter on the payments based on these terms, and if the selling price is competitive .
MSRP: $49,635
Selling Price: $46,178
Money Factor: 0.00079
Residual Value: 59%
Lease: 36 months, 10,000 miles per year.
Trade in Value: $12,000 for 2013 Hyundai Sonata Limited 2.0 Turbo - loaded, 41k miles, great shape and has all the options but has been in accident w/ $12k in repairs(Kelley Blue Book puts trade in values between $12-14k).
Payoff on Trade in Vehicle Loan: $9,300
Doc Fee $115
Other Fees $330
Lease Payment offers:
(All at 36 mo's, and all include sales tax)
1 - $2k down, $560.90 per month
2 - $3k down, $533.76 per month
3 - $4k down, $506.61 per month
Now, I do want to trade in the car because due to the accident history, it will be a pain for me to sell, but I don't want to put more than $2k down in addition to that and would rather put nothing down besides my trade in. These seem very high to me, when I use the Edmunds lease calculator, I'm getting low $500's with the trade in equity only and no other down payment. Am I missing something or doing the calcs wrong?
Oh, and the sale will be in Portland, OR, but since I live in Washington, I will have to pay the tax since I'll register it there.
So how far off am I from what I should be paying?
Assuming no money down and 7% IN sales tax, does this seem to add up? Even with the added $2900 it seems very high. Thanks!
Acquisition fee is imposed by the bank - cannot be waived or negotiated.
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Using your prices, as is, I get a payment of $581/mo assuming 9.8% sales tax, with $0 down. Now, $0 down is not the same as $0 out of pocket - you will have to pay the first payment, dealer fees, acquisition fee and DMV costs when you sign the contract. If you add them into the selling price, your lease payment goes up (about $28/mo before tax for every $1000 you add in).
I would suggest you get a good sense of what your trade in is worth - there is a great forum here called "Real World Trade in Values" with some experts on-hand to help. Knowing if you have positive or negative equity in your car will help you make the best deal.
If you have any positive equity, use it to pay those up front costs I mentioned, but anything beyond that, get a check from the dealer.
If you have negative equity, then you'll have to decide if you want to add that amount to the selling price or cover that cost out of pocket.
Don't put money down on a lease - as noted, you will lose that money if the car is stolen or totaled.
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And, get the adjusted cap cost - this is the selling price plus any taxes and fees you are not paying up front.
.00079 and 58% for 36/12.
Look at the last page or so of posts, to see what others are paying.
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Thanks so much! You are awesome. This forum has been incredibly useful.
If may follow up with a question - I'm somewhat new to Washington State, but it was my understanding that the sales tax rate here is 8.25% where I live in Vancouver, WA. Am I wrong with regards to a different tax rate is higher on autos or leases? If I am correct, any chance I could get a figure on monthly payment with 8.25% tax rate?
And thanks for the tip on getting the dealer to cut me a check. I didn't realize you could do that! And I will be sure to check the real world trade in values forum
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Thanks for your help!
I was under the impression that sales tax there was in the 9%-10% range, though
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$519/mo.+tax (with acq.fee rolled in)
Due at signing:
1st payment
DMV fees
Don't offer to give a big round number upfront. It just lets them fill that number with garbage fees.
Tell them you don't want to make any CAP cost reduction and you want the acquisition fee rolled in.
Then, when you get the "Due at Signing" number, they should be able to break it down and tell you exactly how they got that number.
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They did say that the MF and res could change slightly by the time the car is here, but I figured if they change them drastically, I'll just pass on the deal and get my deposit back.
Thanks again for helping out!
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I tried doing my own calculation with and got something closer to $543/mo
Thanks again
$49K MSRP
$46,385 CAP cost (selling price + $795 acq.fee)
.00079 MF
58% residual
$499.03 monthly depreciation
$59.10 monthly finance
$558.13 payment
Sorry.
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quattro Premium Plus w/ Tech Package, Cold Weather, paint
MSRP: 48,475
Agreed-upon Price: 44,000 (9.2% discount!)
$0 down
Capitalize the $795 acquisition fee
Drive-off: ~$530 in fees plus 1st month payment
Lease: 36/10
I was offered $537/mo before taxes ($584/mo after taxes).
Unfortunately do not have the Adjusted Cap Cost nor MF being used for the lease calc. I assume there might be some markup of the Adjusted Cap Cost and/or MF since there's a pretty big discount off the MSRP? That being said, the lease quote didn't feel too bad - do you agree?
Thanks!
59% and .00079 are the 36/10 numbers; MF may be marked up as well.
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Thanks for the quick reply. As a follow up question - given the "better than expected" 9% discount off of MSRP, I wouldn't be surprised if they marked up the MF and/or Adj Cap Cost somewhat to offset that. However, wouldn't this be fair since a 6% discount off MSRP is considered a good deal? In terms of the monthly cost vs the MSRP, any thoughts on whether this feels like a pretty good deal?
Keep us posted.
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Audi 2017 A4 Prem AT
Retail Price: 40,820
Discounts: 5,224
Adjusted selling price: 35,595.61
lease: 36 mo/12K miles
Monthly lease payment with taxes included and AudiCare: $413
State and tax rate?
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Florida (Dade- County)
Tax rate: 7%
.00034 and 57% for 36/12 with AudiCare.
Confirm the adjusted cap cost and MF with the dealer.
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How much due at signing?
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What term and mileage?
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