Michael and Sixsence, Thank you for your valuable feed back. We dont drive much and thats the reason I choosed 10k miles. Now I am not opting for audi care. RV 58%, MF 0.00091, MSRP 49k, Cap Cost 47k(Includes 750 Acquisition fee), . Had to pay $584 before taxes and 634 after taxes(9% sales tax) for a 36mo/10k. Good or a bad deal?
Michael and Sixsence, Thank you for your valuable feed back. We dont drive much and thats the reason I choosed 10k miles. Now I am not opting for audi care. RV 58%, MF 0.00091, MSRP 49k, Cap Cost 47k(Includes 750 Acquisition fee), . Had to pay $584 before taxes and 634 after taxes(9% sales tax) for a 36mo/10k. Good or a bad deal?
I'm just a buck off with the calculations. MF markup is costing you about $25/mo.
You can also get a 7500 miles per year lease - add 1% to the residual.
Hi. Can you please share October lease numbers for a 2017 A4 Quattro prestige, 7.5K and 10K miles, for 36, 39 and 42 months? I'm also considering a single-pay lease, which I have never done before. Presumably there is a tax savings (I'm in Texas), but also something called an L&M fee. Can you guide me in how the single pay lease should work, and share MF and reside numbers if they are different from a standard lease?
Thanks.
10K/yr.. add 1% for 7.5K/yr
.00061 MF and 58% residual .00081 MF and 56% residual .00081 MF and 54% residual
Single Pay: Deduct .00060 for 36 months Deduct .00075 for 39 months Not available for 42 months
What is single pay?
One payment at the beginning of the lease - it's the sum of the calculated monthly payments; you get a discount on the MF if you do that.
Thanks a bunch for the MF and residual information.
I have a follow-up question regarding the answer to "what is a single pay." I had thought that in a single-pay lease, you pay the depreciation up-front, and finance only the residual amount. If you compute a standard monthly lease, and multiply that by the lease term, aren't you paying interest on money you aren't borrowing?
I would think that the lower MF compensates for the decreased risk from not having a monthly payment. But you should not have to pay the MF on an amount that was paid up-front. If the single-pay is computed by multiplying the standard lease's monthly payment, you can't determine the cost of capital from the MF.
The lease payment is calculated as normal, just with a reduced MF, then you make all the payments at one time. You don't avoid the 'rent charge' with a one-pay lease, it's just a reduced amount due to the lower MF.
You are still borrowing the same amount of money, either way.
Think of the discounted MF as an incentive for making the payments up front. Similar to MSD - you give the bank money up front for a reduction in the MF.
You aren't borrowing any money if you are paying everything up front...
The point of a lease is that you only pay for the part of the car you are using. However, the bank has to buy the whole car, and you pay for the privilege of borrowing it from them for a specific amount of time and for a specific number of miles.
There is still a rent charge, albeit reduced, in a one-pay lease. That rent charge is the equivalent of interest on a traditional loan.
In a single pay lease, in a sense, you could look at it as if you are borrowing the residual amount and returning that amount to them at a later date. There's the opportunity cost of the bank not being able to liquidate that residual until a later date. So in that sense, that rent charge on that part of the lease could be considered interest on a loan.
However, you are not borrowing the same amount of money in a single pay lease as you are in a traditional lease, since you are paying for the part of the car you are using up front. So you aren't borrowing that amount, and thus you shouldn't be charged interest on that amount. However, as long as the MF is low enough so that the total rent charge is less than or equal to the rent charge in a traditional lease if you paid the capital cost up front and were only charged the regular MF on the residual amount, I guess it doesn't matter.
Hi. Can you please share October lease numbers for a 2017 A4 Quattro prestige, 7.5K and 10K miles, for 36, 39 and 42 months? I'm also considering a single-pay lease, which I have never done before. Presumably there is a tax savings (I'm in Texas), but also something called an L&M fee. Can you guide me in how the single pay lease should work, and share MF and reside numbers if they are different from a standard lease?
Thanks.
10K/yr.. add 1% for 7.5K/yr
.00061 MF and 58% residual .00081 MF and 56% residual .00081 MF and 54% residual
Single Pay: Deduct .00060 for 36 months Deduct .00075 for 39 months Not available for 42 months
What is single pay?
One payment at the beginning of the lease - it's the sum of the calculated monthly payments; you get a discount on the MF if you do that.
Thanks a bunch for the MF and residual information.
I have a follow-up question regarding the answer to "what is a single pay." I had thought that in a single-pay lease, you pay the depreciation up-front, and finance only the residual amount. If you compute a standard monthly lease, and multiply that by the lease term, aren't you paying interest on money you aren't borrowing?
I would think that the lower MF compensates for the decreased risk from not having a monthly payment. But you should not have to pay the MF on an amount that was paid up-front. If the single-pay is computed by multiplying the standard lease's monthly payment, you can't determine the cost of capital from the MF.
The lease payment is calculated as normal, just with a reduced MF, then you make all the payments at one time. You don't avoid the 'rent charge' with a one-pay lease, it's just a reduced amount due to the lower MF.
You are still borrowing the same amount of money, either way.
Think of the discounted MF as an incentive for making the payments up front. Similar to MSD - you give the bank money up front for a reduction in the MF.
You aren't borrowing any money if you are paying everything up front...
The point of a lease is that you only pay for the part of the car you are using. However, the bank has to buy the whole car, and you pay for the privilege of borrowing it from them for a specific amount of time and for a specific number of miles.
There is still a rent charge, albeit reduced, in a one-pay lease. That rent charge is the equivalent of interest on a traditional loan.
One last point ... I just leased a car a couple months ago. On my credit report, the balance due is the sum of the payments I'm expected to make.
What I don't know - and would like to find out - is if there is any amount due on your credit report if you do a 'one pay' lease.
You wouldn't have a loan (no monthly payment) in a single pay lease correct? You paid your entire cost up front. In a traditional lease the loan amount on your credit report is equal to the sum of all your monthly payments. Well in a single pay lease the sum of your monthly payments is $0. So even if it showed up on your credit report as an installment loan somehow, it would be a closed account because you have paid it off.
How is a 42/12k better than 36/10k if you dnt drive much? For a 42month I will paying 600 for an other six months which is $3600 which can be used probably for an other audi. The way technology is changing , 2020 models might be lot better and I prefer less time to be on lease. Thank you for letting me know though.
MSRP $49125, Adjusted CAP cost is 47K including the acquisition fee. He said if I agree to pay $634 month for next 36 months, I can sign for 36mo/10k lease and only first month payment is due at time of lease signing. He said his numbers are based on 58% residual MF 0.00091 and 9% (state+ city+county taxes). I am seeing a $25 dollar difference with a MF of 0.00061 which i felt is okay as I am not doing any down payment. Please share your thoughts on this michael . Thank you for all your help.
The adjusted cap cost doesn't look that bad as long as it includes all fees (dealer processing fee, dmv fee, acquisition fee, etc) and does not include taxes.
If it's 58% residual I'm assuming you didn't get audi care. If you did, it should be 59%.
There is absolutely no reason you shouldn't get the base MF (.00061) unless you have less than good credit. How much you pay up front shouldn't have anything to do with the MF. They will give you all kinds of reasons that seem to make sense, as to why they need to mark up the MF. When I first went to the dealer with MF numbers they tried to convince me that they were losing money on the car by giving me the discount off MSRP so they had to make up for that by marking up the MF. It sounded logical and it would only cost me about $9 a month and $300 overall, so I was about to agree to it. I did more research and found that people were getting much better deals then what I got. One person got 12% off MSRP, base MF, and $1,000 lease rebate. It became clear that either the dealer is paying Audi much less than what I thought invoice was, or there were other backend rebates and quota incentives that made it possible for the dealer to profit more than I thought. I went back to the dealer and said if they wouldn't give me the base MF I was going somewhere else, and they instantly gave it to me. For the exact car you are getting with a similar MSRP I got base MF and 8.3% off MSRP, and that isn't even near as good as the deals I've seen other people get.
TL;DR: You can and should get base MF, you just have to fight for it. If you are ok with spending more than you need to, and basically getting ripped off, then go for it. If I were you, I wouldn't settle for anything less than base MF and 7% off MSRP. Also, you should compare the 36/10 numbers with the 42/10 numbers. 42/10 is probably a much better deal.
The deal you got is not a good one. I chose 42/12 for my lease of the same car you are getting with same MSRP, but I have the numbers for 36/12. If I were to do the 36/12 without audi care, and paid just the monthly payment up front, my monthly payment would be $610. You are getting 2,000 miles less a year than me for the same car, and your monthly payment is $634, I hope that puts it in perspective.
How is a 42/12k better than 36/10k if you dnt drive much? For a 42month I will paying 600 for an other six months which is $3600 which can be used probably for an other audi. The way technology is changing , 2020 models might be lot better and I prefer less time to be on lease. Thank you for letting me know though.
42/12 is what I chose for my lease. I was suggesting you look in to 42/10, because at one point I thought you said you would be willing to go to 42 months if it was a better deal. It depends on what your goal is. If you care more about reducing the monthly payment than having the car for 6 more months, I believe 42/10 is the sweet spot minimizing the monthly payment. (you could also consider a 7,500 mile lease). If you really think 6 months is going to make a huge difference, by all means get the 36 month. For me, considering you get audi cockpit and android auto/apple car play, all of which can receive software updates in the future, I'm not really worried about the tech becoming obsolete.
Michael and Sixsence, Thank you for your valuable feed back. We dont drive much and thats the reason I choosed 10k miles. Now I am not opting for audi care. RV 58%, MF 0.00091, MSRP 49k, Cap Cost 47k(Includes 750 Acquisition fee), . Had to pay $584 before taxes and 634 after taxes(9% sales tax) for a 36mo/10k. Good or a bad deal?
If you want, I can calculate a near exact monthly payment for your lease. I need the exact MSRP, negotiated price, and all fees (dealer processing fee, dmv fees, etc). I also need to know how your state taxes are calculated. Are the state taxes calculated as one lump sum on the full sales price of the car or is it a percentage of the depreciation amount you are paying? This varies between states.
What you telling really makes sense and now I feel I could have negotiated better. With an MSRP of 49125K and Adjusted cap cost of $47K( Including Acquisition fees plus everything), Basically I am paying $634*36 =$22884 for 3 years/30k Miles With a base MF of 0.00061 and 58% residual, Considering Sales Tax of 9%,
With 6% discount of MSRP=$609 With 7% Discount of MSRP=$594
I am paying $634 which is about $40 more considering the best deal, or $25 dollars more considering a fair deal. I could have saved anywhere from $900-$1440 which is okay I guess as the initial price quoted is 613 per month with a 5k down. I dont mind paying $40 a month more compared to a best deal as it was a little urgent to have a car for us. Also, I am not getting AUDI care for an oil change for two times. I felt its not required. Anyways thank you for all your feedback.
What you telling really makes sense and now I feel I could have negotiated better. With an MSRP of 49125K and Adjusted cap cost of $47K( Including Acquisition fees plus everything), Basically I am paying $634*36 =$22884 for 3 years/30k Miles With a base MF of 0.00061 and 58% residual, Considering Sales Tax of 9%,
With 6% discount of MSRP=$609 With 7% Discount of MSRP=$594
I am paying $634 which is about $40 more considering the best deal, or $25 dollars more considering a fair deal. I could have saved anywhere from $900-$1440 which is okay I guess as the initial price quoted is 613 per month with a 5k down. I dont mind paying $40 a month more compared to a best deal as it was a little urgent to have a car for us. Also, I am not getting AUDI care for an oil change for two times. I felt its not required. Anyways thank you for all your feedback.
No problem. It seems like you have plenty of room in your budget so the monthly payment isn't that much of a concern. The fact that you took the time to understand leases and negotiated the MF puts you way above most buyers already. Enjoy your new car!
Guys, Actually the lease didn't go through. We went to sign all the paper work and they told us we are responsible for all the property tax of vehicle for three years. May be that's how it works as it depends on state but that is something I was totally unaware off and I should have done my research better. I told I will be visiting back on Monday after doing some research as it will be an added $50 to my monthly payments. May be I asked them about 100 times about any other charges other than the monthly payments and they never mentioned about the property taxes. Now there is no way I am going to agree for an MF of 0.00091. I will say MF 0.00061 and residual 58%. If they agree , will go for it or else I will keep my options open and look for something else. I am a little disappointed now. Please share your thoughts. Thank you.
Guys, Actually the lease didn't go through. We went to sign all the paper work and they told us we are responsible for all the property tax of vehicle for three years. May be that's how it works as it depends on state but that is something I was totally unaware off and I should have done my research better. I told I will be visiting back on Monday after doing some research as it will be an added $50 to my monthly payments. May be I asked them about 100 times about any other charges other than the monthly payments and they never mentioned about the property taxes. Now there is no way I am going to agree for an MF of 0.00091. I will say MF 0.00061 and residual 58%. If they agree , will go for it or else I will keep my options open and look for something else. I am a little disappointed now. Please share your thoughts. Thank you.
I'm not that familiar with Arkansas, but I do live in a state that charges personal property tax on vehicles. In my state, it doesn't matter if you own or lease, you have to pay annual property tax on any vehicle registered in your name. If the leasing bank gets charged the tax, because their name is listed as the owner, then you have to reimburse them.
In the market for an A4 lease, please share this month's rates for all three trim levels (Premium, Premium+ and Prestige) assuming Quattro and 36/10 & 12.
In the market for an A4 lease, please share this month's rates for all three trim levels (Premium, Premium+ and Prestige) assuming Quattro and 36/10 & 12.
Thanks in advance
.00061 and 57% (P and P+) or 53% (Prestige) for 36/12. Add 1% for 10k
In the market for an A4 lease, please share this month's rates for all three trim levels (Premium, Premium+ and Prestige) assuming Quattro and 36/10 & 12.
Thanks in advance
.00061 and 57% (P and P+) or 53% (Prestige) for 36/12. Add 1% for 10k
Guys, Actually the lease didn't go through. We went to sign all the paper work and they told us we are responsible for all the property tax of vehicle for three years. May be that's how it works as it depends on state but that is something I was totally unaware off and I should have done my research better. I told I will be visiting back on Monday after doing some research as it will be an added $50 to my monthly payments. May be I asked them about 100 times about any other charges other than the monthly payments and they never mentioned about the property taxes. Now there is no way I am going to agree for an MF of 0.00091. I will say MF 0.00061 and residual 58%. If they agree , will go for it or else I will keep my options open and look for something else. I am a little disappointed now. Please share your thoughts. Thank you.
Good choice. Don't budge on the MF. They will give you base MF. I would suggest getting base MF and trying to get 7 or 8% off MSRP.
Thank you Sixsence, I told them I can go only with the base MF and waiting to hear back from them. The sales rep said he will get back to me but never called. If they agree I will sign if not I will find an other dealer
First of all, thanks so much for your input a couple of weeks ago, it helped me big time in getting what I think is a good deal on factory order A4 P+ w/ Tech & Sport Packages. Here are the details as they stand right now, any input would be super helpful. If the dealer confirms these numbers I'm going to put a deposit within the next couple of days:
First of all, thanks so much for your input a couple of weeks ago, it helped me big time in getting what I think is a good deal on factory order A4 P+ w/ Tech & Sport Packages. Here are the details as they stand right now, any input would be super helpful. If the dealer confirms these numbers I'm going to put a deposit within the next couple of days:
First of all, thanks so much for your input a couple of weeks ago, it helped me big time in getting what I think is a good deal on factory order A4 P+ w/ Tech & Sport Packages. Here are the details as they stand right now, any input would be super helpful. If the dealer confirms these numbers I'm going to put a deposit within the next couple of days:
Please share rates for all Premium+ with and without Tech package assuming Quattro and 36/15 & 42/15 with Audi care. Also rates for Premium+ FrontTrak.
Please share rates for all Premium+ with and without Tech package assuming Quattro and 36/15 & 42/15 with Audi care. Also rates for Premium+ FrontTrak.
Thanks in advance!
FWD - .00015 and 53%; .00035 and 49% Quattro - .00061 and 55%; .00081 and 51%
2017 A4 Premium Plus Quattro w/ Tech and Cold Weather packages Brilliant black w/ black interior Options: Gray Oak Inlays, All-weather floormats, USB cables
42 months/12k miles per year w/ Audi Care Money Factor: 0.00081 (base MF) Residual: 54%
Sales tax (4.15% state + 0.2% local on full sale price of car): $1,963.04 Acquisition fee: $795 Dealer processing fee: $599 Registration/tags: $60.75 Audi Care: $849
Monthly payment: $599.60 (Only paid first month's payment up front, everything else rolled into lease)
Based on my experience, you can always get the base money factor no matter what they say, and you shouldn't accept a marked up MF. You should also try to get at least 7% off MSRP. I've seen people get up to 12%. Also if you are trying to minimize the monthly payment, the 42 month leases seem to be the sweet spot, at least for 12/15k miles for premium plus quattro, at least for the past couple months. Don't get any of the add on stuff except maybe Audi Care. Audi Care adds 1% to the residual but also adds $849 to the cost, so it still adds several hundred dollars overall to the cost. Think about the length and mileage of your lease. Audi care only covers regular service starting at 20k miles, every 10k miles. For example, if you have a 36 month lease for 7,500 miles a year, you are only using roughly 22,500 miles, so it would only cover one service, which isn't worth $849. It's when your mileage goes past 40k that Audi Care adds true value.
Interested in knowing the MF and Residual for 2017 A4 Sedan Quattro Premium Plus in NY, for 36 and 39 months. Cold Weather and Technology package. Also what is Audi Care about? Please also mention if there is any other way to reduce payment e.g. Autopay.
Interested in knowing the MF and Residual for 2017 A4 Sedan Quattro Premium Plus in NY, for 36 and 39 months. Cold Weather and Technology package. Also what is Audi Care about? Please also mention if there is any other way to reduce payment e.g. Autopay.
I read an Edmunds article a while back about leasing used vehicles and apparently AFS does this. I've come across a few used 2017 premium plus with < 5k miles. Any idea about AFS leasing terms? Thanks!
I read an Edmunds article a while back about leasing used vehicles and apparently AFS does this. I've come across a few used 2017 premium plus with < 5k miles. Any idea about AFS leasing terms? Thanks!
Most likely, those are service loaners/demos or Audi employee lease vehicles. In that case, they would probably be eligible for the new car program, with the residual adjusted lower to account for the current mileage.
I read an Edmunds article a while back about leasing used vehicles and apparently AFS does this. I've come across a few used 2017 premium plus with < 5k miles. Any idea about AFS leasing terms? Thanks!
Most likely, those are service loaners/demos or Audi employee lease vehicles. In that case, they would probably be eligible for the new car program, with the residual adjusted lower to account for the current mileage.
Maybe so although the vehicles are listed as used and the Carfax reports show they've been titled
MSRP $48,550.00 for Premium, Tech and Cold Packages
Selling price $42,000.00
Residual $25,731.50
$5k down has a $629.47 monthly payment
This seems high to me after reading here, can anyone please let me know what I should be looking to get, I know that dealers get enough incentives that they could probably lease closer to dealer invoice + destination fee
I read an Edmunds article a while back about leasing used vehicles and apparently AFS does this. I've come across a few used 2017 premium plus with < 5k miles. Any idea about AFS leasing terms? Thanks!
Most likely, those are service loaners/demos or Audi employee lease vehicles. In that case, they would probably be eligible for the new car program, with the residual adjusted lower to account for the current mileage.
Maybe so although the vehicles are listed as used and the Carfax reports show they've been titled
Employee leases might show that on a Carfax. I can't speak to Audi specifically, but we leased a BMW executive lease once, and qualified for all the new car programs (and, that car had 11K miles).
They almost have to be part of some sort of Audi corporate program. Can't find many 2017 used cars, otherwise.
I read an Edmunds article a while back about leasing used vehicles and apparently AFS does this. I've come across a few used 2017 premium plus with < 5k miles. Any idea about AFS leasing terms? Thanks!
Most likely, those are service loaners/demos or Audi employee lease vehicles. In that case, they would probably be eligible for the new car program, with the residual adjusted lower to account for the current mileage.
Maybe so although the vehicles are listed as used and the Carfax reports show they've been titled
Employee leases might show that on a Carfax. I can't speak to Audi specifically, but we leased a BMW executive lease once, and qualified for all the new car programs (and, that car had 11K miles).
They almost have to be part of some sort of Audi corporate program. Can't find many 2017 used cars, otherwise.
In the market for an A4 lease, please share this month's rates for all three trim levels (Premium, Premium+ and Prestige) assuming Quattro and 36/10 & 12.
Thanks in advance
.00061 and 57% (P and P+) or 53% (Prestige) for 36/12. Add 1% for 10k
Please confirm the values for the same above but FWD (instead of Quattro), thanks.
In the market for an A4 lease, please share this month's rates for all three trim levels (Premium, Premium+ and Prestige) assuming Quattro and 36/10 & 12.
Thanks in advance
.00061 and 57% (P and P+) or 53% (Prestige) for 36/12. Add 1% for 10k
Please confirm the values for the same above but FWD (instead of Quattro), thanks.
.00015 and 55% P or P+ or 52% Prestige 36/12. Add 1% for 10k
Comments
You can also get a 7500 miles per year lease - add 1% to the residual.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
However, you are not borrowing the same amount of money in a single pay lease as you are in a traditional lease, since you are paying for the part of the car you are using up front. So you aren't borrowing that amount, and thus you shouldn't be charged interest on that amount. However, as long as the MF is low enough so that the total rent charge is less than or equal to the rent charge in a traditional lease if you paid the capital cost up front and were only charged the regular MF on the residual amount, I guess it doesn't matter.
Thank you for your help.
SixSence,
How is a 42/12k better than 36/10k if you dnt drive much? For a 42month I will paying 600 for an other six months which is $3600 which can be used probably for an other audi. The way technology is changing , 2020 models might be lot better and I prefer less time to be on lease. Thank you for letting me know though.
42/12 - .00035 and 51%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If it's 58% residual I'm assuming you didn't get audi care. If you did, it should be 59%.
There is absolutely no reason you shouldn't get the base MF (.00061) unless you have less than good credit. How much you pay up front shouldn't have anything to do with the MF. They will give you all kinds of reasons that seem to make sense, as to why they need to mark up the MF. When I first went to the dealer with MF numbers they tried to convince me that they were losing money on the car by giving me the discount off MSRP so they had to make up for that by marking up the MF. It sounded logical and it would only cost me about $9 a month and $300 overall, so I was about to agree to it. I did more research and found that people were getting much better deals then what I got. One person got 12% off MSRP, base MF, and $1,000 lease rebate. It became clear that either the dealer is paying Audi much less than what I thought invoice was, or there were other backend rebates and quota incentives that made it possible for the dealer to profit more than I thought. I went back to the dealer and said if they wouldn't give me the base MF I was going somewhere else, and they instantly gave it to me. For the exact car you are getting with a similar MSRP I got base MF and 8.3% off MSRP, and that isn't even near as good as the deals I've seen other people get.
TL;DR: You can and should get base MF, you just have to fight for it. If you are ok with spending more than you need to, and basically getting ripped off, then go for it. If I were you, I wouldn't settle for anything less than base MF and 7% off MSRP. Also, you should compare the 36/10 numbers with the 42/10 numbers. 42/10 is probably a much better deal.
The deal you got is not a good one. I chose 42/12 for my lease of the same car you are getting with same MSRP, but I have the numbers for 36/12. If I were to do the 36/12 without audi care, and paid just the monthly payment up front, my monthly payment would be $610. You are getting 2,000 miles less a year than me for the same car, and your monthly payment is $634, I hope that puts it in perspective.
What you telling really makes sense and now I feel I could have negotiated better. With an MSRP of 49125K and Adjusted cap cost of $47K( Including Acquisition fees plus everything), Basically I am paying $634*36 =$22884 for 3 years/30k Miles With a base MF of 0.00061 and 58% residual, Considering Sales Tax of 9%,
With 6% discount of MSRP=$609
With 7% Discount of MSRP=$594
I am paying $634 which is about $40 more considering the best deal, or $25 dollars more considering a fair deal. I could have saved anywhere from $900-$1440 which is okay I guess as the initial price quoted is 613 per month with a 5k down. I dont mind paying $40 a month more compared to a best deal as it was a little urgent to have a car for us. Also, I am not getting AUDI care for an oil change for two times. I felt its not required. Anyways thank you for all your feedback.
Michael , Appreciate all your feed back which helped me to determine and get to a point where I am not getting ripped off.
Keep up the good work guys and again thanks a lot.
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Agreed . Now my only option is to renegotiate the MF back to standard rate of 0.00061 which will compensate a little. Thank you though.
Thanks in advance
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
First of all, thanks so much for your input a couple of weeks ago, it helped me big time in getting what I think is a good deal on factory order A4 P+ w/ Tech & Sport Packages. Here are the details as they stand right now, any input would be super helpful. If the dealer confirms these numbers I'm going to put a deposit within the next couple of days:
MSRP $48500
8.5% discount
Acq fee rolled-in
36mo/12k lease
0 down
0 security deposit
57% residual
0.00061 MF
My calculations had the monthly payment before tax at $531
Out the door cost: Fees ($443) + $531 + 10% tax = $1027
Did I miss anything or make some huge mistake?
Thanks again this forum's the best
I get $531/mo before tax, as well.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks in advance!
Quattro - .00061 and 55%; .00081 and 51%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 A4 Premium Plus Quattro w/ Tech and Cold Weather packages
Brilliant black w/ black interior
Options: Gray Oak Inlays, All-weather floormats, USB cables
42 months/12k miles per year w/ Audi Care
Money Factor: 0.00081 (base MF)
Residual: 54%
MSRP: $48,550
Negotiated price: $44,556 (8.23% discount)
Sales tax (4.15% state + 0.2% local on full sale price of car): $1,963.04
Acquisition fee: $795
Dealer processing fee: $599
Registration/tags: $60.75
Audi Care: $849
Monthly payment: $599.60
(Only paid first month's payment up front, everything else rolled into lease)
Based on my experience, you can always get the base money factor no matter what they say, and you shouldn't accept a marked up MF. You should also try to get at least 7% off MSRP. I've seen people get up to 12%. Also if you are trying to minimize the monthly payment, the 42 month leases seem to be the sweet spot, at least for 12/15k miles for premium plus quattro, at least for the past couple months. Don't get any of the add on stuff except maybe Audi Care. Audi Care adds 1% to the residual but also adds $849 to the cost, so it still adds several hundred dollars overall to the cost. Think about the length and mileage of your lease. Audi care only covers regular service starting at 20k miles, every 10k miles. For example, if you have a 36 month lease for 7,500 miles a year, you are only using roughly 22,500 miles, so it would only cover one service, which isn't worth $849. It's when your mileage goes past 40k that Audi Care adds true value.
39/10 - .00081 and 56%
Add 1% for 7.5K
AudiCare is prepaid maintenance. The cost is $849, but it adds 1% to your lease residual.
Audi does not have AutoPay, but they do allow MSD and they have a one-pay option that lowers the MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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First pass from dealer
MSRP $48,550.00 for Premium, Tech and Cold Packages
Selling price $42,000.00
Residual $25,731.50
$5k down has a $629.47 monthly payment
This seems high to me after reading here, can anyone please let me know what I should be looking to get, I know that dealers get enough incentives that they could probably lease closer to dealer invoice + destination fee
Thanks so much
Employee leases might show that on a Carfax. I can't speak to Audi specifically, but we leased a BMW executive lease once, and qualified for all the new car programs (and, that car had 11K miles).
They almost have to be part of some sort of Audi corporate program. Can't find many 2017 used cars, otherwise.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Are they the same as regular Premium FWD?
Thanks!
.00049 and 56%
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