Leasing a 2018 Audi Q3, is it worth it?

mikehawk1

Looking to lease a 2018 Q3, heres a detailed quote i got. Was wondering if i should take it

MSRP: 38,615.00
CAP: 35,250.00
CAP REDUCTION: $1977.74
REBATE: $1250.00 (i think the applied the rebate in the msrp + some discount to get the cap $)
ANNUAL MILES: 10K
RESUAL: 62%
MONEY FACTOR: .00177
MONTH TERM: 36 MONTHS

(Lease Acquisition: $895
LICENSE AND registration fee: $289
Sales Tax: $1207.53
)


AMOUNT PAID IN CASH: $5000 < 1st month rent is free so its not included

Monthly rent: 323.53

kyfdx

mikehawk1 said:

Looking to lease a 2018 Q3, heres a detailed quote i got. Was wondering if i should take it

MSRP: 38,615.00
CAP: 35,250.00
CAP REDUCTION: $1977.74
REBATE: $1250.00 (i think the applied the rebate in the msrp + some discount to get the cap $)
ANNUAL MILES: 10K
RESUAL: 62%
MONEY FACTOR: .00177
MONTH TERM: 36 MONTHS

(Lease Acquisition: $895
LICENSE AND registration fee: $289
Sales Tax: $1207.53
)


AMOUNT PAID IN CASH: $5000 < 1st month rent is free so its not included

Monthly rent: 323.53

What is the adjusted CAP cost, after your upfront money and the rebate?

mikehawk1

Adjusted cap cost : 32,022.26

mikehawk1

kyfdx said:

mikehawk1 said:

Looking to lease a 2018 Q3, heres a detailed quote i got. Was wondering if i should take it

MSRP: 38,615.00
CAP: 35,250.00
CAP REDUCTION: $1977.74
REBATE: $1250.00 (i think the applied the rebate in the msrp + some discount to get the cap $)
ANNUAL MILES: 10K
RESUAL: 62%
MONEY FACTOR: .00177
MONTH TERM: 36 MONTHS

(Lease Acquisition: $895
LICENSE AND registration fee: $289
Sales Tax: $1207.53
)


AMOUNT PAID IN CASH: $5000 < 1st month rent is free so its not included

Monthly rent: 323.53

What is the adjusted CAP cost, after your upfront money and the rebate?

Adjusted cap cost : 32,022.26

kyfdx

mikehawk1 said:

Adjusted cap cost : 32,022.26

The calculations are good. Looks like a fair price, as well.
I wouldn't put $5000 upfront on a lease, though.

With just your license/registration of $289 upfront, the payment would be $462/mo.
That's how I would structure it. (and, basically, that's your true cost)

mikehawk1

kyfdx said:

mikehawk1 said:

Adjusted cap cost : 32,022.26

The calculations are good. Looks like a fair price, as well.
I wouldn't put $5000 upfront on a lease, though.

With just your license/registration of $289 upfront, the payment would be $462/mo.
That's how I would structure it. (and, basically, that's your true cost)

They would charge my cc $5,000. What i don't get is what exactly is the down payment i'm putting down, just trying to lower my monthly payments
Also the mf seems high.

kyfdx

mikehawk1 said:

kyfdx said:

mikehawk1 said:

Adjusted cap cost : 32,022.26

The calculations are good. Looks like a fair price, as well.
I wouldn't put $5000 upfront on a lease, though.

With just your license/registration of $289 upfront, the payment would be $462/mo.
That's how I would structure it. (and, basically, that's your true cost)

They would charge my cc $5,000. What i don't get is what exactly is the down payment i'm putting down, just trying to lower my monthly payments
Also the mf seems high.

$895 + $289 + $1207 come out of the $5000, leaving $2609 for CAP cost reduction.

You could put $10K down, and really lower the payment, but that doesn't actually make it any cheaper. Those are just mind games. The actual cost is about $460/mo, no matter how you slice it.

mikehawk1

kyfdx said:

mikehawk1 said:

kyfdx said:

mikehawk1 said:

Adjusted cap cost : 32,022.26

The calculations are good. Looks like a fair price, as well.
I wouldn't put $5000 upfront on a lease, though.

With just your license/registration of $289 upfront, the payment would be $462/mo.
That's how I would structure it. (and, basically, that's your true cost)

They would charge my cc $5,000. What i don't get is what exactly is the down payment i'm putting down, just trying to lower my monthly payments
Also the mf seems high.

$895 + $289 + $1207 come out of the $5000, leaving $2609 for CAP cost reduction.

You could put $10K down, and really lower the payment, but that doesn't actually make it any cheaper. Those are just mind games. The actual cost is about $460/mo, no matter how you slice it.

Is 460/month with 0 down worth it or that's still too high?

kyfdx

mikehawk1 said:

kyfdx said:

mikehawk1 said:

kyfdx said:

mikehawk1 said:

Adjusted cap cost : 32,022.26

The calculations are good. Looks like a fair price, as well.
I wouldn't put $5000 upfront on a lease, though.

With just your license/registration of $289 upfront, the payment would be $462/mo.
That's how I would structure it. (and, basically, that's your true cost)

They would charge my cc $5,000. What i don't get is what exactly is the down payment i'm putting down, just trying to lower my monthly payments
Also the mf seems high.

$895 + $289 + $1207 come out of the $5000, leaving $2609 for CAP cost reduction.

You could put $10K down, and really lower the payment, but that doesn't actually make it any cheaper. Those are just mind games. The actual cost is about $460/mo, no matter how you slice it.

Is 460/month with 0 down worth it or that's still too high?

The deal seems okay, given the parameters of the lease program. That doesn't make it a great vehicle to lease. You'll have to decide if it's worth it to you.