Hey guys, looking at a lot of SUVs, but narrowed down to 3. Looking for lease rates on the 2019 Audi Q7 Prestige 3.0T, MSRP is $78,760.
42/12
42/10
39/12
39/10
Thanks again!
What ZIP code?
94121
Sorry about that.
39/12 - .00141 and 49%
42/12 - .00161 and 47%
$2000 market allowance
Thank you again! :-)
Hey guys just wanted to follow up. Got a 2019 Q7 Prestige with dynamic suspension, lux, Murillo design pack, winter etc., SUV is absolutely gorgeous and drives like a dream! Thank you guys so much for the numbers, I got an amazing deal!
Hey guys, looking at a lot of SUVs, but narrowed down to 3. Looking for lease rates on the 2019 Audi Q7 Prestige 3.0T, MSRP is $78,760.
42/12 42/10
39/12 39/10
Thanks again!
What ZIP code?
94121
Sorry about that.
39/12 - .00141 and 49% 42/12 - .00161 and 47% $2000 market allowance
Thank you again! :-)
Hey guys just wanted to follow up. Got a 2019 Q7 Prestige with dynamic suspension, lux, Murillo design pack, winter etc., SUV is absolutely gorgeous and drives like a dream! Thank you guys so much for the numbers, I got an amazing deal!
Can you please provide the March MF, RV and lease incentives for Q7 Prestige in 32224. Thank you!
36/15 .00141 and 49% $1000 lease credits
I probably should look at how that compares to the Premium Plus version. Can you please provide the March MF, RV and lease incentives for the Q7 Premium Plus in 32224. You can thank the poor lease support from BMW on all my questions on Audi. Thank you.
Can you please provide the March MF, RV and lease incentives for Q7 Prestige in 32224. Thank you!
36/15 .00141 and 49% $1000 lease credits
I probably should look at how that compares to the Premium Plus version. Can you please provide the March MF, RV and lease incentives for the Q7 Premium Plus in 32224. You can thank the poor lease support from BMW on all my questions on Audi. Thank you.
I’m in the market for a Q7 3.0 Premium and 36/10 with 56% residue and MF 141. After everything was agreed upon by phone, the dealer pulled a bait and switch by using MF 170 when I back tracked the numbers. How can we make sure the right MF was used in the purchase contract as it doesn’t show in the purchase agreement?
I’m in the market for a Q7 3.0 Premium and 36/10 with 56% residue and MF 141. After everything was agreed upon by phone, the dealer pulled a bait and switch by using MF 170 when I back tracked the numbers. How can we make sure the right MF was used in the purchase contract as it doesn’t show in the purchase agreement?
Reverse engineering the money factor isn't that straightforward. Do you have the rent charge from the contract?
I simply used the going 141 money factor shared here and reached the payment amount. When I was shown a payment that's $30 higher a month. I used trial and error to reach the same amount by using money factor 170. Dealers don't show us the calculator used. They claimed their system to be superior and that's the only number that their bank would accept. That's complete BS.
Anyone with a finance background knows how to calculate the periodic payment of a loan. A lease simply has two components:
1. The monthly interest on the residue value. Basically multiple the money factor by 24 the reach the annual interest rate. Divide it by 12 to reach the monthly interest. 2. The periodic payment on the lease. Which is the difference between your purchase price minus your cap cost reduction(down payment beyond min drive off), which is called adjusted capitalized cost. Use excel function, pmt(monthly interest, term of the lease ie 36 for 36 months, adjusted capitalized cost) to reach the month rent.
Combine 1 + 2 + sales tax is your actual monthly total payment.
I simply used the going 141 money factor shared here and reached the payment amount. When I was shown a payment that's $30 higher a month. I used trial and error to reach the same amount by using money factor 170. Dealers don't show us the calculator used. They claimed their system to be superior and that's the only number that their bank would accept. That's complete BS.
Anyone with a finance background knows how to calculate the periodic payment of a loan. A lease simply has two components:
1. The monthly interest on the residue value. Basically multiple the money factor by 24 the reach the annual interest rate. Divide it by 12 to reach the monthly interest. 2. The periodic payment on the lease. Which is the difference between your purchase price minus your cap cost reduction(down payment beyond min drive off), which is called adjusted capitalized cost. Use excel function, pmt(monthly interest, term of the lease ie 36 for 36 months, adjusted capitalized cost) to reach the month rent.
Combine 1 + 2 + sales tax is your actual monthly total payment.
That's assuming the rest of the numbers are as you were told or assumed. (MSRP, discount, incentives, adjusted CAP, etc, etc.).
You are correct that the calculation is simple. The dealer doesn't use a different method. But, a lease has straight line depreciation, and the finance charge is static, each month, not declining like with a loan. If you are converting to an APR, and using a finance calculator for a loan, then you are doing it wrong. As soon as you convert to an APR, you are going to come up with the wrong result.
The finance charges on a lease are applied to an average of the adjusted CAP and residual amount. Not just the residual amount.
If you have a copy of the deal sheet or lease contract, we can look at it, and check the results.
Just wanted to check on residuals for 78746 - 2019 Q7 Prestige, 36/12k and 36/10k. From my math my dealer has it at 49% for the 36/10k, which seems kind of low. Thanks!
Just wanted to check on residuals for 78746 - 2019 Q7 Prestige, 36/12k and 36/10k. From my math my dealer has it at 49% for the 36/10k, which seems kind of low. Thanks!
36/10 .00141 and 52%
49% is the 36/15 residual, or the 39/12 residual $1000 lease credit
Comments
.00173 and 55%
.00193 and 53%
No lease incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you.
$1000 market allowance
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Money factors and incentives might vary
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Congrats!
Care to share your deal numbers with us?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00141 and 51%
$1000 lease credits
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00141 and 49%
$1000 lease credits
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
All else is the same
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.00161 and 50%
$1000 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
can you please let me know what the March rates and incentives are for the Q7 premium plus, 36mo & 39mo, 10k/yr.
zip code: 10538
thank you very much!!
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58%/56% residual
$1500 lease bonus
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.00173 and 58% / 56%
$1500 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease bonus
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Anyone with a finance background knows how to calculate the periodic payment of a loan. A lease simply has two components:
1. The monthly interest on the residue value. Basically multiple the money factor by 24 the reach the annual interest rate. Divide it by 12 to reach the monthly interest.
2. The periodic payment on the lease. Which is the difference between your purchase price minus your cap cost reduction(down payment beyond min drive off), which is called adjusted capitalized cost. Use excel function, pmt(monthly interest, term of the lease ie 36 for 36 months, adjusted capitalized cost) to reach the month rent.
Combine 1 + 2 + sales tax is your actual monthly total payment.
(MSRP, discount, incentives, adjusted CAP, etc, etc.).
You are correct that the calculation is simple. The dealer doesn't use a different method. But, a lease has straight line depreciation, and the finance charge is static, each month, not declining like with a loan. If you are converting to an APR, and using a finance calculator for a loan, then you are doing it wrong. As soon as you convert to an APR, you are going to come up with the wrong result.
The finance charges on a lease are applied to an average of the adjusted CAP and residual amount. Not just the residual amount.
If you have a copy of the deal sheet or lease contract, we can look at it, and check the results.
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2.0T - .00173 and 55%
3.0T - .00141 and 53%
$1000 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Q7 2.0 premium 36month 12k
Q7 2.o premium plus 36 12k
$1000 lease credit
both trims
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease bonus
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.00141 and 52%
49% is the 36/15 residual, or the 39/12 residual
$1000 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12k
$100 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you!
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$1500 lease bonus
For either 36 or 39 months
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2.0T or 3.0T?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease credit
Same numbers for 39/12, which will give you a slightly lower payment
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2.0T - .00173 and 57%; $1500 lease credit
3.0T - .00141 and 55%; $1000 lease credit
Both P and P+
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