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What is the residual and MF on a Q5 Premium & Premium Plus for 36/12k in Arizona?
Thank you!
$1000 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Do you have MF / RV for P+ at 36/(7.5, 10, 12) in 94568?
Also: how long are these numbers good for and are there any incentives beyond the $1000 lease bonus?
58%/57%/56% residual
$1000 lease bonus
Through July 2nd
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Prem Plus
MSRP 48,850
Cap Cost 43,800
MF .00155
RV 58%
PMT $548/mth
+$800 to buy out of one lease pmt left on another car
is this a good deal? Seems like the discount and RV is solid. Thanks!
What is the amount due at signing?
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$1000 lease bonus
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What does the $3525 cover?
With your numbers, I get $541/mo
Yes, ~10% discount from MSRP is quite strong for an Audi, plus the base MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What does the $3525 cover?
With your numbers, I get $541/mo
Yes, ~10% discount from MSRP is quite strong for an Audi, plus the base MF.
Thank you - $541 is right, I had a typo. $3525 covers first pmt, sales tax, bank fee, and "other" fees - need to get breakdown on other fees
With your numbers, I get $541/mo
Yes, ~10% discount from MSRP is quite strong for an Audi, plus the base MF.
Thank you - $541 is right, I had a typo. $3525 covers first pmt, sales tax, bank fee, and "other" fees - need to get breakdown on other fees
Our recommendation is to only put up the first payment and any registration costs when you sign the paperwork. Taxes and non-government fees should be added into the monthly payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for all of your hard work! It is MUCH appreciated! I was using Edmunds calculate your own lease payment and cannot for the life of me make the numbers here add up to their lease payments for $0 down and 36months. They say they are using the base MF for AZ of .00155. I was wondering if you could tell me if the numbers DO add up and also if it is a good deal. Thank you so, so much!
.00155 MF and 56% residual
$1000 lease bonus
What isn't itemized is the "upfront charges" of $1233.
I'll assume that is DMV and dealer fees.
That, and the first payment come out of the rebate, leaving $106 for CAP reduction.
$42646 selling price
+$1179 aftermarkets
+$895 acquisition fee
= $44720 adjusted CAP
That gives me $616/mo.+tax
Assuming 7% tax, the payment is about right.
Transport
Window Tint
Dealer fee (undisclosed within the "upfront charges")
Those all add up to $40-$50 mo. extra.
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1. upfront charges being so high?
2. The first payment coming out of the rebate?
3. Is this a good deal?
Thank you so much for your help! It is MUCH appreciated!
2) No issues with that. Unless you want to make the first payment at signing.
3) It's an average deal for a Q5.
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36 mo/15k
MSRP 50,325
Discount 6,378
Rebates 2,000
selling price 41,947
Residual Value 27,175
Base mf = .00254
Acquisition fee 895
Doc fee 100
Thanks.
What payment are they quoting?
How much is due at signing?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36 mo/15k
MSRP 50,325
Discount 6,378
Rebates 2,000
selling price 41,947
Residual Value 27,175
Base mf = .00254
Acquisition fee 895
Doc fee 100
Thanks.
MF is marked way, way up - base rate is .00155
What payment are they quoting?
How much is due at signing?
After reading the forum I was wondering if it was possible the MF here could be so much higher, and you have answered that question. It seems the "discount" isn't really a discount after all. I wasn't sure how to calculate how much more that is costing me over the 36 months to see what the final "discount" really is.
They were saying 5000 down including first payment making a monthly payment of 552 thereafter. Then after pulling credit because I've only been back living in the US for 1.5 years following many years abroad, they increased the MF to .00304 which now makes the payment 590/month. After reading your forum I would now not put down any more than first payment and document fee. I also would offer them the differential in MF for my lack of credit history as a security deposit to be returned to me at the end of the lease. But the biggest issue remains the base MF. Do you have an idea how to calculate what the actual discount is that they're giving? That alone makes me think I should walk away.
Here is the lease number page they sent me.
What payment are they quoting?
How much is due at signing?
After reading the forum I was wondering if it was possible the MF here could be so much higher, and you have answered that question. It seems the "discount" isn't really a discount after all. I wasn't sure how to calculate how much more that is costing me over the 36 months to see what the final "discount" really is.
They were saying 5000 down including first payment making a monthly payment of 552 thereafter. Then after pulling credit because I've only been back living in the US for 1.5 years following many years abroad, they increased the MF to .00304 which now makes the payment 590/month. After reading your forum I would now not put down any more than first payment and document fee. I also would offer them the differential in MF for my lack of credit history as a security deposit to be returned to me at the end of the lease. But the biggest issue remains the base MF. Do you have an idea how to calculate what the actual discount is that they're giving? That alone makes me think I should walk away.
Here is the lease number page they sent me.
Before the incentive, you are getting close to 13% off sticker price, which is very good for Audi (we generally suggest that 6% is a decent discount). I suspect they are marking up the money factor to take back some of that discount.
Do you know your credit score? There could be an additional markup due to that, as well.
Ask the dealer for a breakdown of the "estimated fees".
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Had a few more discussions with the dealer and I'd appreciate a sanity check.
Re: your previous question. They get the adjusted cap cost from MSRP +acquisition fee + dealer fees - discount - rebate - cash down.
The dealer is quoting a monthly fee of $752, but I when I run the numbers I get $707 (I want to establish the starting point for further negotiation). The attached capture shows the numbers as I ran them. They are still insisting on the high .00235 MF because the car has "different packaging pricing and has a different MF from others".
The blue highlights on the sheet are the numbers from the deal. I think I have all the calculations correct.
I did include $1000 cash down, and I will pay the license fees up front. All other costs are rolled in, such as acquisition fee and dealer handling/documentation.
Thanks for your help.
The residual is lower, too, at 57%.
I agree with your math - what you need to find out is the CAP cost the dealer is using for their payment quote, and what they've added to get there.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36m/10k lease in 94123 for Q5 P+
MSRP - 49630
Sale price (think this includes tax) - 41500 (seems like a massive discount on MSRP?)
Rebate - 1000
Service contract - 1169
"Upfront" charges (assume this means acquisition, doc, dmv) - 1616.50
Total due on delivery - $21,313
Single payment lease drops the money factor to .00095
MSRP of AudiCare for this model is $869.
California taxes the payment, so it's doubtful that tax is included in your sale price.
$1616 looks about right for acq.fee, DMV, doc fee and tax on the acq.fee.
Assuming 10% sales tax rate
If I add the $1169, deduct the $1000, add $100 for tax on the rebate...
I get a payment of $428/mo.
$428 X 36 = $15408
$15408 X 1.1 (10% tax) = $16950
$16950 + $1616 = $18,566
$2750 less than your quote
I'll guess that $41,500 might already include the rebate... and, that they've marked up the money factor.. a lot.
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When I apply the 58% residual to the sale price + AudiCare - rebate (so $41500 + 1169 - 1000 = 41669) to get the depreciation charge, (so 42% to 41669), I get $17,500.
Then I apply the 0.00095 MF to get the pre-tax cost/pre "upfront" charges of $17516
Add in tax (8.5%) and acq fee/doc/dmv and I end up with $20621 for the total.
Clearly I'm missing something...
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP: $51,425
RV: 57%
MF: 0.00155
Initial Cap Cost: $46.936.38
Cash Cap Red: $707.84
Rebate: $3,000
Adj Cap Cost: $43,228.54
NY Sales Tax: #1,875.66
Initial Fees: $992.50, Acq Fee $895, Doc Fee $75, Waste Tire $12.50, NY Inspection $10)
Total Cap Red: $3,707.84
Due at Start: $4,075
Monthly Payment: $499
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And any additional rebates.
Thank you!
Original offer on ’18 Q5 Prem+ 36/10:
MSRP: $51,425
RV: 57%
MF: 0.00155
Initial Cap Cost: $46.936.38
Rebate: $3,000 (includes a $1,000 loyalty fee from Audi Financial Services)
Cash Cap Red: $707.84
Total Cap Red: $3,707.84
Adj Cap Cost: $43,228.54
NYS Sales Tax: $1,875.66
Initial Fees: $992.50 (for $895 Acq Fee, $75 Doc Fee, $12.50 Waste Tire Fee, $10 NYS Inspection)
Monthly Payment: $499
Due at Start: $4,075 (for $499 1st Month, $707.84 Cap Cost Red, $1,875 NYS Sales Tax, $992.50 Initial Fees)
New offer on same car, 36/10, NYS taxes added in, no cap cost reduction fee:
Initial Fees: $992.50 (for $895 Acq Fee, $75 Doc Fee, $12.50 Waste Tire Fee, $10 NYS Inspection)
Monthly Payment: $558.77
Due at Start: $992.50 (Audi covers 1st month)
Dealer also offered same car, 36/10, for $475/mo if I pay a $1,500 cash cap reduction:
Due at Start: $2,492.50 (for $1,500 cash cap red, $895 Acq Fee, $75 Doc Fee, $12.50 Waste Tire Fee, $10 NYS Inspection, Audi covers 1st month)
Thoughts? Thanks!
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$1500 lease bonus
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But, new programs just came out, today.
What is your ZIP?
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57%/56%/55% residual
$1500 lease bonus
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Seems that would put you about $500 ahead.
I'm not sure how $1500 extra upfront can drop your payment by $83/mo.
That really makes no sense. But, if that's the offer, I would jump on it.
($1500 / 36 mo = $41.66/mo.)
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Thank you!
.00158 MF and 56% residual
$1500 lease bonus
Complimentary 1st payment
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$1500 lease bonus
Complimentary 1st payment
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It's in addition to the lease bonus
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.00158 MF and 56% residual
$1500 lease bonus
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