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2017 Audi A4 Lease Monthly Payment Calculation
I would just like to know if I'm calculating the monthly payment correctly based on the lease terms I was given by the dealership. This is assuming I pay nothing down and nothing at lease signing, so all fees and taxes are rolled in to the lease.
This is for a 2017 Audi A4 Quattro AWD w/ Technology package (Brilliant black w/ black interior)
Lease period: 36 months
Miles per year: 12,000
MSRP: $46,450 + $950 Delivery fee = $47,400
Final negotiated price (6% off MSRP) = $44,556
Residual (58%): $47,400 * 0.58 = $27,492
Base Payment (Final negotiated price - Residual): $44,556 - $27,492 = $17,064
Sales tax (4.15% in VA): $1,963.04
Processing fee: $599
Lease Acquisition/Bank fee: $795
Plates / Registration: $60.75
Interest payment based on MF =
((Final negotiated price + Residual) * MF * Lease period) =
($44,556 + $27,492) * 0.00134 = $96.54 per month * 36 months = $3,475.44
Total loan amount = $23,957.23
Monthly payment = $23,957.23 / 36 months = $665.48
The dealership quoted me at between $670-$680 per month, so my calculated amount is not in this range.
The MSRP, final negotiated price, sales tax, and all fees were given to me in writing from the dealership, so I'm simply calculating the interest amount based on the MF they told me, and calculating the base payment, adding everything up and dividing by the lease term (36 months). Where am I going wrong?
This is for a 2017 Audi A4 Quattro AWD w/ Technology package (Brilliant black w/ black interior)
Lease period: 36 months
Miles per year: 12,000
MSRP: $46,450 + $950 Delivery fee = $47,400
Final negotiated price (6% off MSRP) = $44,556
Residual (58%): $47,400 * 0.58 = $27,492
Base Payment (Final negotiated price - Residual): $44,556 - $27,492 = $17,064
Sales tax (4.15% in VA): $1,963.04
Processing fee: $599
Lease Acquisition/Bank fee: $795
Plates / Registration: $60.75
Interest payment based on MF =
((Final negotiated price + Residual) * MF * Lease period) =
($44,556 + $27,492) * 0.00134 = $96.54 per month * 36 months = $3,475.44
Total loan amount = $23,957.23
Monthly payment = $23,957.23 / 36 months = $665.48
The dealership quoted me at between $670-$680 per month, so my calculated amount is not in this range.
The MSRP, final negotiated price, sales tax, and all fees were given to me in writing from the dealership, so I'm simply calculating the interest amount based on the MF they told me, and calculating the base payment, adding everything up and dividing by the lease term (36 months). Where am I going wrong?
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Comments
Sales tax (4.15% in VA): $1,963.04
Processing fee: $599
Lease Acquisition/Bank fee: $795
Plates / Registration: $60.75
then, you have to add it to your negotiated price, before calculating depreciation. Since you are financing that money, it's all subject to the money factor.
So it looks like this:
Base Payment (Adjusted CAP cost - Residual): $47974 - $27492 = $20,482/36 = $568.94/mo.
Finance: ($47974 + $27492) * .00134 = $101.12/mo.
$568.94 + $101.12 = $670/mo. approx.
Of course, if you are paying ZERO at lease signing, you have to roll in the first payment, as well. That will add another $18-$19/mo.
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With a single-pay lease, the money factor would drop to .00001
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Can you give me the money factor and residual value for 2017 A4 scuba blue with premium plus, tech pkg, cold weather package, and sport package in MA state?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The dealer said that the buyout rate is 0.00015 is this true?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks.
Complimentary first payment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
36/10
36/12
36/15
Thank you very much!
$1000 marketing allowance and complimentary first payment
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
http://www.bankrate.com/calculators/auto/auto-lease-calculator.aspx
Is that not a reliable source to calculate the lease payment on a desired car?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Also, how does the MF and Residual change if you do a 42 vs a 36? or a 7.5K Miles vs 10K?
42/10 - .00081 and 54%
Add 1% for 7.5K
$1K marketing allowance should be stackable with loyalty.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4