benjrobins

I was just offered a 24 month 15000 mile lease on an A4 with a negotiated price of $29,947, a residual of $19,789 and a money factor of .00295 (7.1%). Does this look like a decent deal?

biodtl

what are the actual payments, with everything included?

Lone Starr (Ivan)

the cost of money or at least indicates it. Plus I thought money factors were lower on shorter term leases. Do I have it backwards?

Lone Starr (Ivan)

$569.91 monthly, btw not including tax 609.80 w/ tax

biodtl

Well, my lease for a 3.0 with premium, cold weather, tiptronic, basically everything except nav. This was a "demo" (I know...) with 5k miles. Payments are as follows:

48 month / 15,000 per month
$2500 down
$435 + $45 monthly lease tax

Total = $480 per month

benjrobins

Payments are $450 with a $2500 cap cost reduction.

DRG

Once you know the MF, residual, and money down (cap cost reduction) all that matters is the price of purchase that you negotiate. The monthly payment follows automatically by simple formula. You can make it anything you want by varying the cap cost reduction, hence its lack of value in determining if a deal is any good.

Noone should lease without learning this formula first:

Payment = (Cap cost - Residual)/Term + (Cap cost + Residual)*MF

Then, if you like, calculate "what ifs" based on various cap cost reductions to your heart's content.

mmccall

48 and 24 are NOT the same thing