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Looks like a solid deal, given the lease program that is available.
Congrats, and enjoy!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Residual value, MF and incentives for a 2018 SQ5 Premium+ with 36/12k in Miami??
Thanks!
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Could you please look at this deal and let me know if I am getting a good deal or not? Based on some of the numbers I am seeing here, this dealership's MF/RV are way off than what you are showing. This is from a metro Atlanta dealer on a prestige SQ5.
What are some incentives that are going on that I could use to counter this offer in negotiations?
Dealer is marking up the money factor by .00100
$1594 in Total Add CAP Costs is the $895 acquisition fee, and most likely a $699 dealer fee.
I'm surprised they require a security deposit, but that's okay.
1) Discount is less than 4% off MSRP. I'd want 5% off, at least. That's another $1000 lower
2) Money factor markup is adding over $115/mo. to the payment. Insist on the base rate.
3) $699 dealer fee? Ask for another $500 off price to make up for it. (down to $64,500 now)
$64,500 price and .00171 MF results in approx payment of $850/mo. (vs. $1009 quote)
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But, we don't have any information about incentive applications.
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I found a left over 2017 SQ5.
Do the 2018 MFs and Residuals transfer over to that car if I want to lease?
I'm in NY. Looking for 36M/10k per year this is a P+ Car.
Please ask about it, here:
https://forums.edmunds.com/discussion/42752/audi/sq5/2017-audi-sq5-lease#latest
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.00171 and 60% (Premium Plus) or 59% (Prestige)
$1000 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Audi SQ5 Premium Plus. MSRP is 61,190. Down payment is $2750 and the monthly lease payment is 740 a month for 36/12k. In working thru the deal they were showing me the adjusted cap cost and MF. The MF I questioned cause it was a little over 5% and .00171 is 4.104. They also had the residual at 63.75 I believe I saw.
Any feedback on this deal is greatly appreciated
Let me know
Thanks
What state and tax rate?
What is the adjusted CAP cost?
Is $2750 the full amount due at signing, or is that plus 1st payment, etc, etc..?
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The 2750 was all in with drive off.
Also, the residual is always a round percentage of MSRP, and in this case, that's 62%.
Adjusted CAP of about $56,550 to get to that payment.
$2750?
$895 acquisition fee
$740 first payment
$350 DMV/dealer fees.
That leaves about $750 for CAP reduction, making the selling price $57,300.
That's a little better than 6% off.
So, nothing looks out of place.. but, your recollection of the numbers seems different.
Get the actual numbers:
Selling price
Adjusted CAP cost
Money factor
Residual
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MSRP: $62,480
Selling price: $58,705
Discount prep: $80
License title: $510
Tire/Battery/VTR fee: $8.75
ELF/Weight: $29
Acquisition fee: $895
Tax on collected items: $360.52
Total cap cost: $56,346.91
Their quote included a marked up MF and down payment of over $4k. I’m not planning to put any money down on a lease. Assuming I could get the dealer to give me the base MF of .00171 or whatever the current MF is, and no money down, what should my monthly payment come out to be? I’m in CA and my city’s sales tax rate is 9.75%.
Many thanks!
*** Edited to ask if the fees above are appropriate and standard, or if they’re tactics to increase dealer mark up on the vehicle.
.00171 MF and 62% residual
With the acquisition fee rolled into the CAP cost, and the other fees paid upfront...
$747.69/mo.+tax = $820.59/mo.
Due at Signing:
$820.59
$627.75 DMV/doc (no tax on collected items, as all taxable items rolled into the CAP)
$1448 total.
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I had a friend that spoke to the owner of the dealership I went to and he said the deal was $1250 under invoice. The owners feedback was basically that's the best they could do on the deal.
That being said I went on TrueCar today to check the deal out. On there it seems that almost 7.5% off is the average deal. How much should I rely on TrueCar info? I also went on TrueCar cause I wanted to see if I could find a car with the warm weather package added to the car to see how much more it was.
I do know and understand that the Money Factor isn't stated in terms of interest rate. However, when I was looking at the info on the lease quote I just knew to multiply the MF by 2400 to figure an interest rate to try to be able to figure out how much more they were upcharging me on the MF that was quoted.
The residual was definitely at 63.75 thou on the one particular quote, it could be different on the final number(740mth number) cause I just never saw that final quoted number. However, I immediately thought was weird that is was .75 in general.
What's your thoughts on the TrueCar info?
Thanks
No insight as to how other websites determine their pricing, other than to say that most pricing quotes are for purchase, not leasing, and may include incentives that aren't valid if you lease.
Regarding the MF upcharge, why not subtract the number we gave you from the number the dealer quoted? Converting to an APR just confuses things.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
With those prices, I get $666/mo with tax. Looks like the MF is bumped up a bit.
We'd recommend that you roll the acquisition and doc fees into the cap cost and make them part of the payment - less cash out of pocket, but a higher payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
SQ5 Prestige w/ Warm Weather, Cold Weather, Driver Assist, Fine Grain Ash Gray, Hitch, Audi Guard, Audi Beam, Cargo Cover
MSRP $58,580
Auto Nation Price $52,761.54
Illinois, Dupage County, I think tax rate is 8%.
Trade should be $3500
Want 15,000 / year miles
3 year lease w/ option to buy.
I want to get the payments close to $500 a month. No clue what the MF and residual would be, trying to learn.
Help please!
PURCHASE OPTION
Vehicle Price: $58,580.00
AutoNation Savings: - $5,818.46
AutoNation Price: $52,761.54
Sales Tax (estimate): + $4,236.99
Title Fee: + $95.00
Documentation Fee: + $175.94
Tag/Registration Fees (estimate): + $101.00
Electronic Filing: + $25.00
Balance Due (estimate): $57,395.47
No Trade-In
Don't use the trade equity on a lease - that money would be lost if the car is stolen or totaled.
And, the lease programs on Audi are not that great - highly unlikely you'll get to $500/mo on an SQ5.
.00171 and 58% for 36/15 on Prestige.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
You can trade it in - just have the dealer cut you a check for the equity. Of course, if CarMax makes you a better offer, you can take it, or use it to drive up the trade value from the dealer.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The cap cost is 56,395.38
Ask them how they got to that number from the selling price.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It's a Q5 not SQ5 my mistake, and you are saying to just sell my car at CarMax or something vs trading it in? And 36/12
You can trade it in - just have the dealer cut you a check for the equity. Of course, if CarMax makes you a better offer, you can take it, or use it to drive up the trade value from the dealer.
Here is what I finally got them down to. Let me know if this looks OK. The idea is to keep the payment at $700 or under.
Thanks for your help. They wanted to give me $3000 for the Equinox to start, which is what I was quoted elsewhere.
You can trade it in - just have the dealer cut you a check for the equity. Of course, if CarMax makes you a better offer, you can take it, or use it to drive up the trade value from the dealer.
Here is what I finally got them down to. Let me know if this looks OK. The idea is to keep the payment at $700 or under.
Thanks for your help. They wanted to give me $3000 for the Equinox to start, which is what I was quoted elsewhere.
They marked up the money factor from .00169 to .00204.
With the base money factor, the payment would be $35/mo. less.
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They have similar lease programs.
But, it seems the pricing is more aggressive on the SQ5.
Given that the SQ5 generally has a higher MSRP, I'd say the lease payments might be comparable.
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SQ5 - .00171 and 60% (Prem Plus) or 59% (Prestige)
S5 SB lease thread is here:
https://forums.edmunds.com/discussion/46783/audi/s5/2018-audi-s5-sportback-lease-deals-and-prices#latest
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Let me know
Thanks
No insight as to what may change with the numbers in April.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Appreciate all you do. Located in Utah, looking for SQ5 36/12 Prestige rates and available rebates. I used the Edmunds lease calculator and assuming I negotiate the deal below with RV and money factor based on what I'm seeing in prior posts, does the below calc look correct with only bringing in the first month's payment? Am I missing anything?
Thanks again
MSRP of Vehicle 67,050.00
Residual Value 62% 41,571.00
Negotiated Price (-6%) 63,027.00
Dealer Doc Fee 399.00
Registration 232.50
Acquisition Fee 895.00
Gross Cap Cost 64,553.50
Rebate (Loyalty) -1,000.00
Adjusted Cap Cost 63,553.50
Depreciation Amt 21,982.50
Lease Terms_Months 36
Base Payment 610.63
Money Factor 0.00171 179.76
Pretax Lease Payment 790.39
Tax Rate 6.85% 54.14
Total Lease Payment 844.53
Your residual is off by 1%
Changes the pretax payment to $807.87
The rest looks correct.
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Can I please get April RV/MF numbers for 36/10k leases on 2018 Q5/SQ5 premium plus and prestige? Located in CA.
Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2018 SQ5 Prestige, 36/15k, AudiCare, NY.
Thanks!
SQ5 - .00199 and 62% (P+) or 61% (Prestige)
$1000 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
42/10 - .00209 and 57%
48 month term not viable
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