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- SQ5 Prestige for 36/15 and 39/15
Thx
.00219 MF and 56% residual
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.00199 MF and 61%/60% residual for P+/Prestige
Add 1% for 10K/yr
The state won't matter
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Car is 2018 SQ5 Prestige 66,550 is MSRP, selling price is 59,000. Total out of pocket down payment is 3500 and the monthly price for a 36/12k lease is $775 a month.
This is in PA and the sales tax in 9%, although I'm buying the car in New Jersey, it will be registered in PA.
Let me know if the number match correctly with the new MF and residual.
Thanks
What does the $3500 up front cover?
With the prices given, I get a payment of $792/mo.
Therefore, I assume some of that $3500 is going to cap reduction.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Yes the 3500 is going toward the cap. So it's First Month(775), Destination charge($975) and then I believe tax and tags are roughly $225. So 3500-1975 leaves 1525 for cap reduction.
But shouldn't the $1525 reduce the monthly payment roughly $40 less a month?
Which is why you need to know the full breakdown of the $3500, and not guess.
And, understand the cap cost used for the dealer payment quote.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
So they are selling me the car under invoice at roughly 11.3 percent off the MSRP. How are they making money off the car? Maybe this is for another thread but the reason I'm asking is should I really be worried that the numbers don't match when they are taking so much off the car? I guess that's where my confusion would lie now.
As long as the payment calculations make sense, and you're happy with the selling price and payment, all is good.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I assume you mean that although they selling me the car at 59k my other up front payment isn't reducing that cap cost down from the 59k. So the extra 1525 I'm putting down is just going to the sales person I'm assuming and not reducing my cap cost to 57,475?
So that would in turn answer my question as to why the salesperson is doing the deal. Cause he's taking that extra money down for himself and he doesn't care how much they sell the car under invoice.
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May a please get the MF and RV for a P+ for both the San Diego county area and Las Vegas, NV area. Also, how does the tax work if I purchase the vehicle in San Diego but I’m a resident of Las Vegas?
Thanks in advance!
Both CA and NV tax the monthly payment, so it shouldn't be too big of a deal.
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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
.00199 MF and 61% residual
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Im looking for 36/12 in CA (Los Angeles)
MF & Resid for P+ vs Prestige. Is there a huge diff? The dealer is saying yes. Thanks!
$1000 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
After a few days of negotiating, arrived at the lease offer below on a 2018 SQ5 Prestige in Virginia. How does this lease deal look?
new 2018 SQ5
prestige package
S sport package
Driver assistance package
21 wheels
MSRP 68,490
36 months/12,000 mile lease
Total due at signing $5,090 - to cover 1st month, dealer fees and all taxes up front
Monthly payment $750
This offer included some incentives for conquest/loyalty/etc but dealer did not disclose MF or residual
Thanks
To get $750/mo, the cap cost would have to be around $60-61K
Why put so much up front cash? Better to roll the taxes and fees into the payment - if the car is stolen or totaled, youi think the state will refund you the sales tax you pre-paid?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for MF & RV on SQ5 P+ 36/12 in San Diego, California. Thank you.
$1000 Lease Bonus
Yes, purchasing AudiCare adds 1% to the residual value.
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.00199 MF and 61% residual
$1000 Lease Bonus
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Here is my deal for a 2018 Premium Plus (with Sport, leather, carbon, and Autopilot dash)
MSRP: 63,575.00
Negotiated price that is on contract $57,171.86
Miles: 10K
Term: 36 Months
Final buy out after lease end. $40,052.25
Monthly price including complete car protection, audio car and westchester NY taxes (7.375%) $743.78 a month
It will be $ 1,416.28 total due out of your pocket (first payment, DMV, Acquisition Fee).
Residual 63%
Money Factor .00250
Factory to dealer / loyalty program in place. $2,000 credit - into the payment
I am about to pull the trigger because this deal seems very strong towards my advantage. Amy missing something here?
Thank you
The money factor is marked up.
Did they give you the adjusted CAP cost?
$1416 upfront can't cover the items you list, as the acquisition fee is $895.
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I believe the math with upfront is this...
First payment
DMV, etc
half of my one month payment for my current 2016 ($932/2).
They are pulling a lot of levers, which makes it cloudy. Which I expected. They are reducing complete care (wheel/tire/dent repair) from $2,500 to $2,000 that is in the payment. Audi Care is in the payment too. The equity in the deal is less my two remaining payments ($932x2) since the audi program payments against the current lease only max out to a $1,500 allowance. So, we are applying loyalty and may incentive (below), since you can’t use all three together. Acquisition fee is in the lease. Won’t sign if it isn’t.
$2,773 applied toward deal from equity
1000 loyalty applied
1000 additional bonus applied for month of May.
Total due out of your pocket : $1,416.28
Thank you again. Overall, feels close to right, but I also suspect that there is leverage for me here, just can’t find it. Maybe money factor is it?I believe the math with upfront is this...
First payment
DMV, etc
half of my one month payment for my current 2016 ($932/2).
They are pulling a lot of levers, which makes it cloudy. Which I expected. They are reducing complete care (wheel/tire/dent repair) from $2,500 to $2,000 that is in the payment. Audi Care is in the payment too. The equity in the deal is less my two remaining payments ($932x2) since the audi program payments against the current lease only max out to a $1,500 allowance. So, we are applying loyalty and may incentive (below), since you can’t use all three together. Acquisition fee is in the lease. Won’t sign if it isn’t.
$2,773 applied toward deal from equity
1000 loyalty applied
1000 additional bonus applied for month of May.
Total due out of your pocket : $1,416.28
Thank you again. Overall, feels close to right, but I also suspect that there is leverage for me here, just can’t find it. Maybe money factor is it?I wouldn't pay $2000 for an insurance plan.
As you note, there is a mish-mash of numbers there, and it's not designed to be straightforward. Seems like they are taking your equity by selling you junk plans and marking up the money factor. I'd rather keep that money in my pocket, and pay for any issues on my own.
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$1000 lease bonus
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Add 1% for AudiCare
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Both ZIPs are in the Western region; no change to the numbers
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get the MF and Residual for Audi SQ5, 36 months, 7500 miles for Premium Plus and Prestige? This is for Virginia.
Thank you
$1000 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease cash
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I was assured I would be given the Base MF, but when it came time to sign the paperwork, the finance manager told me he has no way to know that information. So he said he didn't know Audi's Base MF, nor what MF was used in my lease. He said they just use a program they input information into, and it exports out the lease rental fee without the MF. So basically, he had no way to verify and show me that they did indeed use the current base MF, and didn't add to it (for more profit). Maybe I am wrong, bu this seems shady to me, and when I have leased prior through other manufacturers (Infiniti), they had always been extremely transparent about the MF being used. Since I already signed the papers, I'm not sure if there is even anything I could do if I was blatantly lied to about them using Base MF, and not actually doing that. Any current numbers, suggestions, etc for my situation would be helpful. Thanks you!!
My Adjusted Cap Cost is$68,869.19 and Residual is $42,523.10. If I am correct, I believe that (Adjusted Cap Cost + Residual) *MF is what is used to calculate the interest? If this is correct, when I work this backwards and solve for the MF that was used in my lease, I come up with a number much higher than most of the current MF's that have been listed in my region.
Assuming my calculations are right, I took the total Rental Fee from the paperwork ($9,985.47), and divided that by my 36 month term to get my monthly interest. Then used the monthly interest to solve for the MF (which is completely unknown since the dealer would not/could not tell me). If I calculated everything correctly, I am coming up with a MF used in my lease that is closer to 0.00249. Does this sound like I am on the right track? I want to make sure I know what I am talking about when I speak to the dealer again about how my lease was calculated. I assume someone at the dealership has to know the MF numbers Audi has available and uses for contracts. Maybe they try to hide these numbers from consumers, I don't know?
He lied to you. Since the dealer can mark up the rate, they have to know the base rate, even if it's pre-loaded into the program.
If you signed the deal and took delivery, then that's it.
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