2017 Audi SQ5 Lease - did I get a good deal?

mutsydog

I have been shopping for a SQ5 lease for a week and finally pulled the trigger today.

MSRP: $62,940
36month/12k miles yr
I put $2600 down total out of pocket, and monthly payment of $622 including tax in Los Angeles.

I know my MF was .00160 and residual was 59%

Did I get a good deal? Or could I have gotten a better deal?

Michaell

mutsydog said:

I have been shopping for a SQ5 lease for a week and finally pulled the trigger today.

MSRP: $62,940
36month/12k miles yr
I put $2600 down total out of pocket, and monthly payment of $622 including tax in Los Angeles.

I know my MF was .00160 and residual was 59%

Did I get a good deal? Or could I have gotten a better deal?

I confirm the MF and residual amounts.

What was the selling price?

What was the breakdown of the $2600 up front?

mutsydog

Michaell said:

mutsydog said:

I have been shopping for a SQ5 lease for a week and finally pulled the trigger today.

MSRP: $62,940
36month/12k miles yr
I put $2600 down total out of pocket, and monthly payment of $622 including tax in Los Angeles.

I know my MF was .00160 and residual was 59%

Did I get a good deal? Or could I have gotten a better deal?

I confirm the MF and residual amounts.

What was the selling price?

What was the breakdown of the $2600 up front?

Gross capitalized cost - $55,183.68

Total due at signing - $4972.34
($3,454.17 cap cost reduction, first payment 622.34, 102 registration, 358 title fee, 80 doc processing, 8.75 tire fee, 29 tax, 7.20, 310.88 cap cost reduction )

Rebates that make it 2600 out of pocket
( 1000 bonus cash, 750 loyalty, 622.34 first month from Audi)

Adjusted capitalized cost $52,524.51
Residual $37,134.60

Michaell

mutsydog said:

Michaell said:

mutsydog said:

I have been shopping for a SQ5 lease for a week and finally pulled the trigger today.

MSRP: $62,940
36month/12k miles yr
I put $2600 down total out of pocket, and monthly payment of $622 including tax in Los Angeles.

I know my MF was .00160 and residual was 59%

Did I get a good deal? Or could I have gotten a better deal?

I confirm the MF and residual amounts.

What was the selling price?

What was the breakdown of the $2600 up front?

Gross capitalized cost - $55,183.68

Total due at signing - $4972.34
($3,454.17 cap cost reduction, first payment 622.34, 102 registration, 358 title fee, 80 doc processing, 8.75 tire fee, 29 tax, 7.20, 310.88 cap cost reduction )

Rebates that make it 2600 out of pocket
( 1000 bonus cash, 750 loyalty, 622.34 first month from Audi)

Adjusted capitalized cost $52,524.51
Residual $37,134.60

We don't encourage a cap cost reduction - that money is at risk if the car is stolen or totaled. And, it masks the true monthly payment - that reduction works out to almost $100/mo.

Might have been better off using the money for MSD to buy down the MF - the advantage is that you get the MSD monies back at the end of the lease.

MakesCentz

Am i being offered a good deal?  

MakesCentz

?