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2017 Audi A4 Lease Questions

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Comments

  • dryehudadryehuda Member Posts: 44
    dryehuda said:

    got this deal today in florida
    2017 A4 Premium w technology, convenience and 18" wheel package
    MSRP $43,415
    36/12
    $430/month

    at signing only paid the $430.

    got about 12% off MSRP

    i used the MF and RV to calculate how much i wanted to pay and then got a few dealers to compete until they gave me the price i wanted.

    thanks for your help

    correction: Navigation package, not the technology package
  • srolle646srolle646 Member Posts: 18
    hello mods - when you get them, can you please post the november lease figures for quattro premium plus, 36mo/12k?

    thanks!
  • jrob8604jrob8604 Member Posts: 6
    Any changes to Audi A4 Lease Residual and MF, or lease specials for november?
  • kyfdxkyfdx Moderator Posts: 265,681
    dryehuda said:

    got this deal today in florida
    2017 A4 Premium w technology, convenience and 18" wheel package
    MSRP $43,415
    36/12
    $430/month

    at signing only paid the $430.

    got about 12% off MSRP

    i used the MF and RV to calculate how much i wanted to pay and then got a few dealers to compete until they gave me the price i wanted.

    thanks for your help

    Congrats!

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  • kyfdxkyfdx Moderator Posts: 265,681
    srolle646 said:

    hello mods - when you get them, can you please post the november lease figures for quattro premium plus, 36mo/12k?

    thanks!

    .00061 MF and 57% residual

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  • kyfdxkyfdx Moderator Posts: 265,681
    jrob8604 said:

    Any changes to Audi A4 Lease Residual and MF, or lease specials for november?

    Which model, term and mileage?

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  • srolle646srolle646 Member Posts: 18
    kyfdx said:



    .00061 MF and 57% residual

    thank you - any incentives this month for season of audi or otherwise?
  • kyfdxkyfdx Moderator Posts: 265,681
    srolle646 said:

    kyfdx said:



    .00061 MF and 57% residual

    thank you - any incentives this month for season of audi or otherwise?
    Complimentary 1st payment

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  • bluhmjobluhmjo Member Posts: 1
    edited November 2016
    I'm looking at leasing one of two cars... and i need the MF and residual to compare the two and the deals Audi is giving me.... both are 15,000 miles and i'm also deciding between 36 and 42 month terms....

    2017 Audi A4 Season of Audi w/Conv package and grey oak... MSRP 40,350
    2017 Audi A4 Premium Plus w/Tech package and grey oak... MSRP 44,700

    also any rebates, incentives, etc
  • dom8925dom8925 Member Posts: 34
    Could I get the MF and RV for a quattro prestige at 36/15k? Thanks.
  • MichaellMichaell Moderator Posts: 262,288
    bluhmjo said:

    I'm looking at leasing one of two cars... and i need the MF and residual to compare the two and the deals Audi is giving me.... both are 15,000 miles and i'm also deciding between 36 and 42 month terms....

    2017 Audi A4 Season of Audi w/Conv package and grey oak... MSRP 40,350
    2017 Audi A4 Premium Plus w/Tech package and grey oak... MSRP 44,700

    also any rebates, incentives, etc

    Quattro or Ultra?

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  • MichaellMichaell Moderator Posts: 262,288
    dom8925 said:

    Could I get the MF and RV for a quattro prestige at 36/15k? Thanks.

    .00061 and 51%

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  • talwar19talwar19 Member Posts: 5
    Can I please get the MF and RV for a 2017 A4 Quattro Premium Plus w/ tech package in Michigan?

    36mo/15k miles & 42mo/15k miles

    Also, are there any lease incentives for November?

    Thank you!
  • hpeezy23hpeezy23 Member Posts: 18
    Hello-

    Could I please get the current november MF and RV for
    A4 FWD Premium
    36 months
    10k / 12k miles

    Thanks!
  • MichaellMichaell Moderator Posts: 262,288
    talwar19 said:

    Can I please get the MF and RV for a 2017 A4 Quattro Premium Plus w/ tech package in Michigan?

    36mo/15k miles & 42mo/15k miles

    Also, are there any lease incentives for November?

    Thank you!

    Answered in the other thread you posted in.

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  • MichaellMichaell Moderator Posts: 262,288
    hpeezy23 said:

    Hello-

    Could I please get the current november MF and RV for
    A4 FWD Premium
    36 months
    10k / 12k miles

    Thanks!

    .00015 and 56% / 55%

    Complimentary first payment

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  • talwar19talwar19 Member Posts: 5
    The other thread I posted in was for the 2017 A3. I'm interested in the A4 as well, so was hoping I could get those numbers too. Thanks
  • MichaellMichaell Moderator Posts: 262,288
    talwar19 said:

    Can I please get the MF and RV for a 2017 A4 Quattro Premium Plus w/ tech package in Michigan?

    36mo/15k miles & 42mo/15k miles

    Also, are there any lease incentives for November?

    Thank you!

    talwar19 said:

    The other thread I posted in was for the 2017 A3. I'm interested in the A4 as well, so was hoping I could get those numbers too. Thanks

    Whoops, my bad. Too many discussions to monitor.

    36/15 - .00061 and 55%
    42/15 - .00081 and 51%

    Complimentary first payment.

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  • ashi218ashi218 Member Posts: 1
    Hi Can you tell me if this is a fair deal?

    2017 A4 Prestige quattro with cold weather package
    MSRP $48,500

    36months
    12k miles/year
    $562.41/month

    Due at signing
    1st month $562.41
    Acquisition fee $795
    Fees and insurance $745
    Upfront Taxes $2031.49
    Rebate as cap reduction $1,312.41
    Total $4,133.90
  • MichaellMichaell Moderator Posts: 262,288
    ashi218 said:

    Hi Can you tell me if this is a fair deal?

    2017 A4 Prestige quattro with cold weather package
    MSRP $48,500

    36months
    12k miles/year
    $562.41/month

    Due at signing
    1st month $562.41
    Acquisition fee $795
    Fees and insurance $745
    Upfront Taxes $2031.49
    Rebate as cap reduction $1,312.41
    Total $4,133.90

    What is the adjusted cap cost?

    .00061 and 53%

    What state and tax rate is this?

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  • dryehudadryehuda Member Posts: 44
    Michaell said:

    bluhmjo said:

    I'm looking at leasing one of two cars... and i need the MF and residual to compare the two and the deals Audi is giving me.... both are 15,000 miles and i'm also deciding between 36 and 42 month terms....

    2017 Audi A4 Season of Audi w/Conv package and grey oak... MSRP 40,350
    2017 Audi A4 Premium Plus w/Tech package and grey oak... MSRP 44,700

    also any rebates, incentives, etc

    Quattro or Ultra?
    Hi,
    I am not a moderator and not an expert at all.
    If i am not mistaken the first option with season of audi is the A4 ULTRA.

    if the numbers are the same as October the MF on ULTRA is 0.00049 which is significantly higher than the premium or premium plus which is 0.00015.

    I test drove both of these options. both are great. but you can definitely feel the difference between the ULTRA which has 50 less hp than the regular.
    so i recommend to test drive both before deciding which one you want.

    given the difference in drive and the lower MF, I did NOT get the ULTRA. see my posts above for what I got.

    the ULTRA has better mpg, but would only save you about $100/year in gas.
  • dom8925dom8925 Member Posts: 34
    Michaell said:

    dom8925 said:

    Could I get the MF and RV for a quattro prestige at 36/15k? Thanks.

    .00061 and 51%
    Am I correct in that this changed from last month which was .00079 and 52%?

    Does this qualify for the complimentary first month?
  • kyfdxkyfdx Moderator Posts: 265,681
    dom8925 said:

    Michaell said:

    dom8925 said:

    Could I get the MF and RV for a quattro prestige at 36/15k? Thanks.

    .00061 and 51%
    Am I correct in that this changed from last month which was .00079 and 52%?

    Does this qualify for the complimentary first month?
    No, same numbers last month.

    Yes, complimentary 1st payment.

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  • perfectdrunk55perfectdrunk55 Member Posts: 2
    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance
  • MichaellMichaell Moderator Posts: 262,288

    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance

    FWD P+ - .00015 and 56%
    Quattro P or P+ - .00061 and 58%

    $1000 marketing allowance and complimentary first payment.

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  • dom8925dom8925 Member Posts: 34
    Michaell said:

    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance

    FWD P+ - .00015 and 56%
    Quattro P or P+ - .00061 and 58%

    $1000 marketing allowance and complimentary first payment.
    What is marketing allowance? Does this also apply to a quattro prestige?
  • MichaellMichaell Moderator Posts: 262,288
    dom8925 said:

    Michaell said:

    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance

    FWD P+ - .00015 and 56%
    Quattro P or P+ - .00061 and 58%

    $1000 marketing allowance and complimentary first payment.
    What is marketing allowance? Does this also apply to a quattro prestige?
    Marketing allowance is an incentive - fancy name for rebate.

    Yes, the marketing allowance applies to the Prestige, as well.

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  • dom8925dom8925 Member Posts: 34
    Michaell said:

    dom8925 said:

    Michaell said:

    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance

    FWD P+ - .00015 and 56%
    Quattro P or P+ - .00061 and 58%

    $1000 marketing allowance and complimentary first payment.
    What is marketing allowance? Does this also apply to a quattro prestige?
    Marketing allowance is an incentive - fancy name for rebate.

    Yes, the marketing allowance applies to the Prestige, as well.
    So does that mean that I could apply the loyalty $750, the $1000 marketing allowance, and the first month complementary to a lease in November? Any idea when the marketing allowance expires? I can see that the first month complementary expires sometime in January. Not sure about the loyalty.
  • kyfdxkyfdx Moderator Posts: 265,681
    dom8925 said:

    Michaell said:

    dom8925 said:

    Michaell said:

    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance

    FWD P+ - .00015 and 56%
    Quattro P or P+ - .00061 and 58%

    $1000 marketing allowance and complimentary first payment.
    What is marketing allowance? Does this also apply to a quattro prestige?
    Marketing allowance is an incentive - fancy name for rebate.

    Yes, the marketing allowance applies to the Prestige, as well.
    So does that mean that I could apply the loyalty $750, the $1000 marketing allowance, and the first month complementary to a lease in November? Any idea when the marketing allowance expires? I can see that the first month complementary expires sometime in January. Not sure about the loyalty.
    The current lease program expires on November 30th
    Loyalty, marketing and complimentary 1st payment are good through 01/03/2017

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  • dom8925dom8925 Member Posts: 34
    kyfdx said:

    dom8925 said:

    Michaell said:

    dom8925 said:

    Michaell said:

    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance

    FWD P+ - .00015 and 56%
    Quattro P or P+ - .00061 and 58%

    $1000 marketing allowance and complimentary first payment.
    What is marketing allowance? Does this also apply to a quattro prestige?
    Marketing allowance is an incentive - fancy name for rebate.

    Yes, the marketing allowance applies to the Prestige, as well.
    So does that mean that I could apply the loyalty $750, the $1000 marketing allowance, and the first month complementary to a lease in November? Any idea when the marketing allowance expires? I can see that the first month complementary expires sometime in January. Not sure about the loyalty.
    The current lease program expires on November 30th
    Loyalty, marketing and complimentary 1st payment are good through 01/03/2017
    So does that mean I am able to apply all three (loyalty, marketing, and complimentary) or are there any restrictions? Since loyalty and marketing are not listed on Audi's website, how do I ask for it?
  • kyfdxkyfdx Moderator Posts: 265,681
    dom8925 said:

    kyfdx said:

    dom8925 said:

    Michaell said:

    dom8925 said:

    Michaell said:

    Can I get the MF and residual for:
    a4 premium quattro for a 36/ 10k
    a4 premium plus FWD for a 36/10k
    a4 premium plus quattro for a 36/10k

    thank you in advance

    FWD P+ - .00015 and 56%
    Quattro P or P+ - .00061 and 58%

    $1000 marketing allowance and complimentary first payment.
    What is marketing allowance? Does this also apply to a quattro prestige?
    Marketing allowance is an incentive - fancy name for rebate.

    Yes, the marketing allowance applies to the Prestige, as well.
    So does that mean that I could apply the loyalty $750, the $1000 marketing allowance, and the first month complementary to a lease in November? Any idea when the marketing allowance expires? I can see that the first month complementary expires sometime in January. Not sure about the loyalty.
    The current lease program expires on November 30th
    Loyalty, marketing and complimentary 1st payment are good through 01/03/2017
    So does that mean I am able to apply all three (loyalty, marketing, and complimentary) or are there any restrictions? Since loyalty and marketing are not listed on Audi's website, how do I ask for it?
    According to our information, yes.. those incentives all stack.

    "I want the loyalty and marketing incentives"

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  • dom8925dom8925 Member Posts: 34
    edited November 2016
    If I want to do a security deposit, what amount is it based on? Is it the depreciation cost plus the lease interest only or also including sales tax?

    Also, I know a down payment is not recommended but how about the fees and like the bank fee and doc fee? Is it recommended to roll into the lease payment or pay up front?
  • MichaellMichaell Moderator Posts: 262,288
    dom8925 said:

    If I want to do a security deposit, what amount is it based on? Is it the depreciation cost plus the lease interest only or also including sales tax?

    Also, I know a down payment is not recommended but how about the fees and like the bank fee and doc fee? Is it recommended to roll into the lease payment or pay up front?

    It's based on the total lease payment - depreciation plus interest.

    You can pay the fees up front, but any taxable fees you should roll into the lease. Up front, only the first payment and DMV costs should be paid.

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  • dom8925dom8925 Member Posts: 34
    Michaell said:
    If I want to do a security deposit, what amount is it based on? Is it the depreciation cost plus the lease interest only or also including sales tax? Also, I know a down payment is not recommended but how about the fees and like the bank fee and doc fee? Is it recommended to roll into the lease payment or pay up front?
    It's based on the total lease payment - depreciation plus interest. You can pay the fees up front, but any taxable fees you should roll into the lease. Up front, only the first payment and DMV costs should be paid.
    Thanks. Does that mean that I should add the fees to the cap cost in order to incorporate then to the sales taxes and interest costs? 
  • MichaellMichaell Moderator Posts: 262,288
    dom8925 said:


    Michaell said:

    If I want to do a security deposit, what amount is it based on? Is it the depreciation cost plus the lease interest only or also including sales tax?

    Also, I know a down payment is not recommended but how about the fees and like the bank fee and doc fee? Is it recommended to roll into the lease payment or pay up front?
    It's based on the total lease payment - depreciation plus interest.

    You can pay the fees up front, but any taxable fees you should roll into the lease. Up front, only the first payment and DMV costs should be paid.

    Thanks. Does that mean that I should add the fees to the cap cost in order to incorporate then to the sales taxes and interest costs? 

    Yes, that is correct. If something happens to the car during the lease, you won't have pre-paid those costs and gotten nothing in return.

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  • dom8925dom8925 Member Posts: 34
    edited November 2016
    My calculations are different from the online calculators. Could someone please check my math? I am in NJ

    MSRP 53625
    Selling price/cap cost 49000
    Residual 0.52
    Money factor 0.00071
    Term 36
    Doc 299
    Tire tax 7.5
    Bank fee 795
    NJ Tax 7%
    NJ Lux Tax .4%
    Tire Tax 7.5

    So I get a depreciation cost of 586.53. Lease interest comes out to 55.37. NJ tax 44.93. Lux tax is 5.44. I am getting 692.60. Is this correct?
  • tsprangtsprang Member Posts: 7
    hey can someone give me some insight on the lease below. just go these numbers from the dealer today was wondering if this is good or if i can haggle some more. i haven't gone in yet this has all been via email.this is in NYC. im hoping i could drop that monthly payment and/or invoice.

    2017 A4 quatrro, premium plus, technology and cold weather package. atlas beige interior with dark brown inlays and glacier white exterior.

    MSRP - 47,300 (this is msrp from audiusa website)
    Invoice - 44,684.92
    Bank fee - 795
    Taxes - 1733
    36mths\15k miles
    monthly payment - 536

    i am not putting anything down, only paying fees and taxes upfront, and audi of course makes first months payment.

  • MichaellMichaell Moderator Posts: 262,288
    dom8925 said:

    My calculations are different from the online calculators. Could someone please check my math? I am in NJ

    MSRP 53625
    Selling price/cap cost 49000
    Residual 0.52
    Money factor 0.00071
    Term 36
    Doc 299
    Tire tax 7.5
    Bank fee 795
    NJ Tax 7%
    NJ Lux Tax .4%
    Tire Tax 7.5

    So I get a depreciation cost of 586.53. Lease interest comes out to 55.37. NJ tax 44.93. Lux tax is 5.44. I am getting 692.60. Is this correct?

    That's probably close, though NJ taxes the sum of the payments and the amount would be added to your cap cost, thus subjecting it to the rent charge, as well.

    I get the same depreciation amount, but my monthly rent charge is $54.59.

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  • MichaellMichaell Moderator Posts: 262,288
    tsprang said:

    hey can someone give me some insight on the lease below. just go these numbers from the dealer today was wondering if this is good or if i can haggle some more. i haven't gone in yet this has all been via email.this is in NYC. im hoping i could drop that monthly payment and/or invoice.

    2017 A4 quatrro, premium plus, technology and cold weather package. atlas beige interior with dark brown inlays and glacier white exterior.

    MSRP - 47,300 (this is msrp from audiusa website)
    Invoice - 44,684.92
    Bank fee - 795
    Taxes - 1733
    36mths\15k miles
    monthly payment - 536

    i am not putting anything down, only paying fees and taxes upfront, and audi of course makes first months payment.

    .00061 and 55%. With your prices, I get $562/mo.

    Confirm the adjusted cap cost with the dealer - not sure why the quoted payment is lower than my calculations.

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  • abhishekyvabhishekyv Member Posts: 9
    Is the following a good deal?
    NEW York state
    Audi A4 Quattro Premium
    MSRP 45875
    Sale Price around 42500
    15000miles/36mo
    paying 2500 down
    audi care included
    Lease amount:
    580/mo
  • abhishekyvabhishekyv Member Posts: 9
    Is the following a good deal?
    NEW York state
    Audi A4 Quattro Premium
    MSRP 45875
    Sale Price around 42500
    15000miles/36mo
    paying 2500 down
    audi care included
    Lease amount:
    580/mo
    The 2500 includes the taxes and fees!
  • MichaellMichaell Moderator Posts: 262,288



    Is the following a good deal?
    NEW York state
    Audi A4 Quattro Premium
    MSRP 45875
    Sale Price around 42500
    15000miles/36mo
    paying 2500 down
    audi care included
    Lease amount:
    580/mo

    The 2500 includes the taxes and fees!

    .00061 and 56% for 36/15 with AudiCare

    If your selling price is the cap cost, I get $509/mo.

    Confirm the adjusted cap cost with the dealer; if higher than the selling price, find out what's been added.

    Dealer can also mark up the MF for extra profit.

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  • abhishekyvabhishekyv Member Posts: 9
    Michaell said:



    Is the following a good deal?
    NEW York state
    Audi A4 Quattro Premium
    MSRP 45875
    Sale Price around 42500
    15000miles/36mo
    paying 2500 down
    audi care included
    Lease amount:
    580/mo

    The 2500 includes the taxes and fees!
    .00061 and 56% for 36/15 with AudiCare

    If your selling price is the cap cost, I get $509/mo.

    Confirm the adjusted cap cost with the dealer; if higher than the selling price, find out what's been added.

    Dealer can also mark up the MF for extra profit.

    Thanks Michaell

    Here is the breakdown of the price. I asked for a copy. I should have negotiated on the Sale Price more. I assumed the sale price. I have attached an image. Can i still negotiate with them? I just gave a deposit yesterday and they are doing a credit check today. I have not signed any lease documents to confirm my lease.




    Abhishek
  • abhishekyvabhishekyv Member Posts: 9

    Michaell said:



    Is the following a good deal?
    NEW York state
    Audi A4 Quattro Premium
    MSRP 45875
    Sale Price around 42500
    15000miles/36mo
    paying 2500 down
    audi care included
    Lease amount:
    580/mo

    The 2500 includes the taxes and fees!
    .00061 and 56% for 36/15 with AudiCare

    If your selling price is the cap cost, I get $509/mo.

    Confirm the adjusted cap cost with the dealer; if higher than the selling price, find out what's been added.

    Dealer can also mark up the MF for extra profit.
    Thanks Michaell

    Here is the breakdown of the price. I asked for a copy. I should have negotiated on the Sale Price more. I assumed the sale price. I have attached an image. Can i still negotiate with them? I just gave a deposit yesterday and they are doing a credit check today. I have not signed any lease documents to confirm my lease.




    Abhishek

    What would be the best steps to take from here? And what would be the lease payments according to this breakdown?
  • MichaellMichaell Moderator Posts: 262,288

    Michaell said:



    Is the following a good deal?
    NEW York state
    Audi A4 Quattro Premium
    MSRP 45875
    Sale Price around 42500
    15000miles/36mo
    paying 2500 down
    audi care included
    Lease amount:
    580/mo

    The 2500 includes the taxes and fees!
    .00061 and 56% for 36/15 with AudiCare

    If your selling price is the cap cost, I get $509/mo.

    Confirm the adjusted cap cost with the dealer; if higher than the selling price, find out what's been added.

    Dealer can also mark up the MF for extra profit.
    Thanks Michaell

    Here is the breakdown of the price. I asked for a copy. I should have negotiated on the Sale Price more. I assumed the sale price. I have attached an image. Can i still negotiate with them? I just gave a deposit yesterday and they are doing a credit check today. I have not signed any lease documents to confirm my lease.




    Abhishek
    What would be the best steps to take from here? And what would be the lease payments according to this breakdown?

    If you have not signed the lease paperwork, you can still negotiate on the price.

    What state is this?

    The capped taxes, registration and doc fees do not total $2500.

    Ask the dealer for the adjusted cap cost - that should reveal where the disconnect is.

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  • abhishekyvabhishekyv Member Posts: 9
    Michaell said:
    Is the following a good deal?
    NEW York state
    Audi A4 Quattro Premium
    MSRP 45875
    Sale Price around 42500
    15000miles/36mo
    paying 2500 down
    audi care included
    Lease amount:
    580/mo
    The 2500 includes the taxes and fees!
    .00061 and 56% for 36/15 with AudiCare If your selling price is the cap cost, I get $509/mo. Confirm the adjusted cap cost with the dealer; if higher than the selling price, find out what's been added. Dealer can also mark up the MF for extra profit.
    Thanks Michaell Here is the breakdown of the price. I asked for a copy. I should have negotiated on the Sale Price more. I assumed the sale price. I have attached an image. Can i still negotiate with them? I just gave a deposit yesterday and they are doing a credit check today. I have not signed any lease documents to confirm my lease. Abhishek
    What would be the best steps to take from here? And what would be the lease payments according to this breakdown?
    If you have not signed the lease paperwork, you can still negotiate on the price. What state is this? The capped taxes, registration and doc fees do not total $2500. Ask the dealer for the adjusted cap cost - that should reveal where the disconnect is.
    THanks! It's in New York State! I will talk to them
  • gratkovgratkov Member Posts: 1
    Hi,

    Can I please get the MF & RV for the following Audi A4s:

    Ultra Premium FWD - 3 year/10K miles

    Ultra Premium Plus FWD - 3 year/10K miles

    Are there any incentives this month? I'm looking to lease this weekend!

    Thanks!!!
  • kyfdxkyfdx Moderator Posts: 265,681
    gratkov said:

    Hi,

    Can I please get the MF & RV for the following Audi A4s:

    Ultra Premium FWD - 3 year/10K miles

    Ultra Premium Plus FWD - 3 year/10K miles

    Are there any incentives this month? I'm looking to lease this weekend!

    Thanks!!!

    .00049 MF and 56% residual for either model.
    $1000 marketing allowance + complimentary 1st payment

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  • dom8925dom8925 Member Posts: 34
    edited November 2016
    Michaell said:

    dom8925 said:

    My calculations are different from the online calculators. Could someone please check my math? I am in NJ

    MSRP 53625
    Selling price/cap cost 49000
    Residual 0.52
    Money factor 0.00071
    Term 36
    Doc 299
    Tire tax 7.5
    Bank fee 795
    NJ Tax 7%
    NJ Lux Tax .4%
    Tire Tax 7.5

    So I get a depreciation cost of 586.53. Lease interest comes out to 55.37. NJ tax 44.93. Lux tax is 5.44. I am getting 692.60. Is this correct?

    That's probably close, though NJ taxes the sum of the payments and the amount would be added to your cap cost, thus subjecting it to the rent charge, as well.

    I get the same depreciation amount, but my monthly rent charge is $54.59.
    I think I did the tax math incorrectly.

    To get the rent charge I got, I added the fees to the cap cost. Your rent charge was based on the cap cost only. I thought we should be adding the fees to the cap cost? But to get the real rent charge, doesn't tax have to be added so that the calculation would be (cap cost + fees + residual cost + taxes)* money factor?

    I guess what I really need is a break down of how the math is done so I know I am doing the correct steps.
    It isn't 100% clear to me when the tax is calculated and when it is added to get the rent charge.
  • MichaellMichaell Moderator Posts: 262,288
    dom8925 said:

    Michaell said:

    dom8925 said:

    My calculations are different from the online calculators. Could someone please check my math? I am in NJ

    MSRP 53625
    Selling price/cap cost 49000
    Residual 0.52
    Money factor 0.00071
    Term 36
    Doc 299
    Tire tax 7.5
    Bank fee 795
    NJ Tax 7%
    NJ Lux Tax .4%
    Tire Tax 7.5

    So I get a depreciation cost of 586.53. Lease interest comes out to 55.37. NJ tax 44.93. Lux tax is 5.44. I am getting 692.60. Is this correct?

    That's probably close, though NJ taxes the sum of the payments and the amount would be added to your cap cost, thus subjecting it to the rent charge, as well.

    I get the same depreciation amount, but my monthly rent charge is $54.59.
    I think I did the tax math incorrectly.

    To get the rent charge I got, I added the fees to the cap cost. Your rent charge was based on the cap cost only. I thought we should be adding the fees to the cap cost? But to get the real rent charge, doesn't tax have to be added so that the calculation would be (cap cost + fees + residual cost + taxes)* money factor?

    I guess what I really need is a break down of how the math is done so I know I am doing the correct steps.
    It isn't 100% clear to me when the tax is calculated and when it is added to get the rent charge.
    The cap cost may already include the fees and taxes, so no need to add it in again. Dealer should be able to give you the number.

    Edmunds Price Checker
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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!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

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