Lease rate on Q50 Red Sport 3.0t 400 AWD Black Ops

thonitu

I got the following rate on a 2016 Q50 Red Sport 3.0t 400 AWD Black Ops:

Includes tech package, Direct Adapt Steering, Maple Trim, Driver Assist, Premium package, spoiler, splash guards, kick plates, all weather and cargo packages.

Includes tax, title and license of $3400

$1058 due at signing, $694/mo, 39 mo, 12k miles per year

Is this good deal? What should MF and Residual be?

Thanks much

kyfdx

thonitu said:

I got the following rate on a 2016 Q50 Red Sport 3.0t 400 AWD Black Ops:

Includes tech package, Direct Adapt Steering, Maple Trim, Driver Assist, Premium package, spoiler, splash guards, kick plates, all weather and cargo packages.

Includes tax, title and license of $3400

$1058 due at signing, $694/mo, 39 mo, 12k miles per year

Is this good deal? What should MF and Residual be?

Thanks much

Assuming the Black Ops version is the same as other RED Sports:

.00003 MF and 54% residual.

To evaluate the deal, need to know the MSRP, selling price and/or CAP cost, and state and tax rate.

thonitu

More info per your request:

MSRP- $62620
Sell price -$57120
Taxes-$2259 (cook county, Illinois)
Fees-$169
Net price- $60484
Residual-$33815
Up front $1058, includes 1st month
12k miles, 39 mo
$694/mo

Michaell

thonitu said:

More info per your request:

MSRP- $62620
Sell price -$57120
Taxes-$2259 (cook county, Illinois)
Fees-$169
Net price- $60484
Residual-$33815
Up front $1058, includes 1st month
12k miles, 39 mo
$694/mo

Using your prices, I get $600/mo - before local taxes are applied.

My guess is that the taxes and other fees are being added into the selling price, as the $1058 up front isn't enough.

Ask the dealer for the adjusted cap cost, and make sure you understand how they got to that number from the selling price.

thonitu

Yes, they are adding the taxes and fees into the sell price- it is $60484 with residual of $33815