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Car Buying Advice-leasing a used 2017 Audi A4 Premium Plus Quattro 2.0T in PA
leasevirgin
Member Posts: 5
The car does not have nav or the virtual cockpit, has 6,179 miles
MSRP 41,575 (was originally 45,575 new), was being advertized as CPO
Discounted price 40,575
Gross Capitalized cost 41,370 (includes 795 acquisition fee)
Capitalized Cost reduction 37,09.86 (broken down below)
Adjusted cap cost 37,660.14
Residual value 25,492.15
Depreciation and any amortized amounts 12, 167.99
Rent charge 3,410.29
Total base payments 12,167.99+34,120.29=15,579.28
Lease term 36
Base payment 432.73
Sales/use tax 43.27 (comes up to .10 for my county)
Total monthly payment 476
Itemization of Amount Due at Lease Signing:
First Monthly payment 476
Registration fee 74
Title Fee 51
Doc fee 138
sales tax 200.99
Tire Tax 5
Notary fee 30
Online fee 15.15
Trade in allowance 1,700 (used car trade in)
Amount paid in cash 3,000
Amount due at lease signing 3000 + 1700= 4700
When returned:
Disposition fee 350
Thanks. Now having some remorse I should have leased new with virtual cockpit, nav and blind spot detection. Looks like they gave around 62% residual and .00151 MF and not much discounts.
MSRP 41,575 (was originally 45,575 new), was being advertized as CPO
Discounted price 40,575
Gross Capitalized cost 41,370 (includes 795 acquisition fee)
Capitalized Cost reduction 37,09.86 (broken down below)
Adjusted cap cost 37,660.14
Residual value 25,492.15
Depreciation and any amortized amounts 12, 167.99
Rent charge 3,410.29
Total base payments 12,167.99+34,120.29=15,579.28
Lease term 36
Base payment 432.73
Sales/use tax 43.27 (comes up to .10 for my county)
Total monthly payment 476
Itemization of Amount Due at Lease Signing:
First Monthly payment 476
Registration fee 74
Title Fee 51
Doc fee 138
sales tax 200.99
Tire Tax 5
Notary fee 30
Online fee 15.15
Trade in allowance 1,700 (used car trade in)
Amount paid in cash 3,000
Amount due at lease signing 3000 + 1700= 4700
When returned:
Disposition fee 350
Thanks. Now having some remorse I should have leased new with virtual cockpit, nav and blind spot detection. Looks like they gave around 62% residual and .00151 MF and not much discounts.
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NathanCrumback
Administrator Posts: 508
@leasevirgin, The residual I see for February was 58% for 36 mo/ 7,500 miles. Also, it looks like top tier Money Factor was good for 0.00063 but they definitely are using somehting around .00151. I think the discounts are reasonable on this used A4. Overall, its not too bad but I think there was room for improvement. Or like you mentioned, you could have gone with a brand new one. I wouldn't be too worried about it though.Edmunds Moderator5
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I would be happy to evaluate the lease, what zip code are you in?