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Hello, I have been quoted the below numbers for Audi S5 sportsback prestige 2018
Trade in - $10,500 for 2011 bmw 528i
Negotiated price for S5- $59,212
Down payment- $10,000
Residual for 36 months- 60%
MF- 0.002114
Per month - $377
Includes Audi care, sales tax and acquisition fee of 895 and other fees
Can you please tell me if this is bad deal? Zip code is 53704 Wisconsin
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Optionskyfdx Moderator Posts: 237,331
.00190 MF and 60% residual for 36/12 w/AudiCarekirnik1 said:Trade in - $10,500 for 2011 bmw 528i
Negotiated price for S5- $59,212
Down payment- $10,000
Residual for 36 months- 60%
MF- 0.002114
Per month - $377
Includes Audi care, sales tax and acquisition fee of 895 and other fees
Can you please tell me if this is bad deal? Zip code is 53704 Wisconsin
Money factors only go out five digits. You should verify the money factor they are using.
Are you putting a total of $20,500 down on a lease? (trade + cash?)
That seems like a bad idea. And, if accurate, this is a terrible deal.Edmunds Price Checker
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As your deal sits now, your average cost is $965/mo. Whether you put a lot upfront, or nothing, it doesn't change that math.
What is the MSRP on this car?
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$63,240 MSRP
$59,212 Selling price
$869 AudiCare
$895 Acquisition fee
$60,976 Adjusted CAP cost.
$828/mo.+ 5% tax = $870/mo.
Due at signing = 1st payment and DMV/dealer fees. $1500 maximum
$10,500 for your trade - $1500 = $9000 check back to you.
Drive-off: Minus -$9000 (check to you)
35 more payments of $870/mo.
The total cost the way I structured it is $2120 less over the full term of the lease than their quote.
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“The money factory they are using is both for returning customers and using a security deposit, neither of we are using.
IL Doc fee is 175.94
I am using a WI use tax rate of 5.6% which is $19.62 per month
Total sales taxes are $1196.35
Plates, title and registration are $221
I understand you are trying to get the very best deal, however this is one of our best selling models.”
is that true what is he saying for MF? Again thank you for your patience much appreciated!!
However, the money factor you listed before isn't a valid number, so it's hard to know what money factor they are using. Ask them to disclose the actual money factor being used. It will only have five digits, after the decimal point. It's possible they are marking up the money factor enough to add $50/mo.+ to your payment.
The difference in tax rates is $5/mo. I estimated about $600 in fees vs. their $400, so that pretty much covers the $5/mo.
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$827.73/mo.
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The dealer came back to me with below numbers after negotiations. Can you tell me if this looks good?
estimating $11,000 for the trade
Using $3,000 cap reduction
First Payment, plates and doc fee
2 refundable security deposits
$6,000 total ($5,000) check back to you
Audi Care
Destination
Acquisition
Included
36 Month lease
12,000 miles per year
$760.33 plus $41.82 use tax $802.15
money factor is .001981
residual $37,221
adjusted cap $57,815.30
Two refundable security deposits that you get back at lease end ($1700 total?)
35 more payments of $802/mo?
Yes.. this is a good price for this vehicle.. The one thing they were honest about: This is one of their most popular models.
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Unfortunately the car that I wanted to lease is sold off...The other car which is available now has sticker price 65,345 includes prestige and sports package. Can you please let me know what is the good numbers on this like mf, residual, discount etc...for zip code 53705
For Audi, we always recommend 6% off sticker, if you can get it.
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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
msrp-65,375
estimating $11,000 for the trade
Using $3,000 cap reduction
First Payment, plates and doc fee
2 refundable security deposits
$6,000 total ($5,000) check back to you
Audi Care
Destination
Acquisition
Included
36 Month lease
12,000 miles per year
$833.25 plus $45.83 use tax $879.08
money factor is .001981
residual $39,225
adjusted cap $61,996
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MSRP is just $2100 more, but the payment is $75/mo. more?
If it was a comparable deal, the payment would be $30/mo, more, max.
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