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for prestige sq5 and premium plus, and I assume add 1% with audi care?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Looking for MF/RV on 2018 Audi SQ5 Prestige for 36/10 in Texas. Also, if you can advise what should an ideal monthly lease look like with 2K down payment.
Appreciate your help !
Would need to know the MSRP and adjusted cap cost in order to calculate a payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP is 68500, with sale price of 64000. Not sure if its a good discount.
That's 6.5% off MSRP, which is decent for Audi.
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We suggest you target 6% off MSRP...
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
As the document notes, that's the Purchase option.
To get to the lease payments below, you need the money factor, and the numbers above adjusted for a lease.
The tax number will be lower, and there will be an $895 acquisition fee added.
The rest of it should be the same.
Be sure to get the money factor being used. I'll guess there is a big markup, there.
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You don't pay sales tax on the full price on a lease (that sales tax number is for a purchase)
I see the lease payments... but, there is no detail for how the numbers were calculated.
You have to ask them for the adjusted CAP cost (for the option you select), and the money factor being used.
I'll refer you back to my last reply.
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The good news is that they are using the base MF of .00171.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Let's assume your $1500 pays for the first payment and those four fees listed (about $400). That's only about $1350, but close enough..
So, the adjusted CAP will be your sale price, plus $895 acquisition fee, less $1000 loyalty rebate, + tax.
We will have to estimate the tax, since they haven't given you the actual tax for a lease, on any of these documents. I'm estimating it at $2400.. assuming a rate of 7.2%.
$64598
+$895
+$2400 sales tax
-$1000
= $66,893 adjusted CAP
.00171 MF
59% residual
$906.46/mo.
Their price is $960/mo.
Why the difference? We don't know, because they haven't disclosed the adjusted CAP cost, or how they've calculated it. And, even though he gave you the money factor, there is no guarantee that they didn't mark it up when they calculated the lease payment.
Possible explanations:
Undisclosed fees
Marked up money factor
Incorrect sales tax calculation (unlikely)
We won't know, unless they give you the adjusted CAP, and an accounting of how they calculated it.
Did you notice? In the last document, they subtracted the $1000 rebate, but the tax amount went down by over $1400? That seems weird. And, the lease price went down by $183/mo!!! So, looks like they were at least marking it up to begin with.
Just by asking questions, your price has gone down by $183/mo..
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See the new tax number? (pretty close to my estimate)
Did you notice that the money factor isn't disclosed? Do you know why? They've marked it up. If it were .00171 base, the payment would be $919.86, and the "Rent Charge" would be $6663.60, not $7832.36
The money factor is marked up to .00201.
I have to say, you are doing a great job, and they are very responsive... .but, it's like pulling teeth..
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If they say that's their best offer, then that might be it.. It's only about $500 total from where you were trying to get. Wasn't their first offer about $1140/mo?
$918/mo. with $1500 upfront looks decent.. If this is the car you want, might be time to pull the trigger.
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But, heck, if you can get $895/mo, with $1500 out of pocket, instead of $918/mo. with $1500 OOP, then go for it.
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Dealer is showing $69,540 MSRP & $68,149 sale price online... any advice on where it should be would be appreciated also.
I'd look for 5%-6% off MSRP (might be hard to get.. the SQ5 is popular)
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You might read back a few pages (or a dozen), to see what other forum members are reporting.
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MSRP is $62,150, negotiated price including AudiCare is $55,644 or a 10.5% discount . Tax is $3,399 with Doc Fee of $697.50 and Tag and Registration Fee of $805. My total out of pocket is $973 (includes 1st payment of $719 plus $254 in other fees) and 35 payments of $719 on a 36/12K lease. My residual is 63%.
.00171 MF
Must be Premium Plus trim for a 63% residual?
CAP cost would have to about $57,400 to get that payment.
Looks like a pretty good deal.
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Thanks for your input. I feel more confident!
2018 SQ5 Prestige, 36/12
Thanks again for offering this incredibly useful service and information.
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$1000 loyalty
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How did I do?
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