Lease Help!!!!
11-03-2018, 06:58 AM
#21
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Residual is 54% and MF of .00241 for 39 months in the central region (Midwest US) plus Audi will pay up to $750 for your first payment.
Using the numbers you gave, that works out to $630/mo and with $0 down it is $930/mo.
If I was putting down $10k, I would put it towards MSDs. Not a lot of customers do this, but it will probably save you $60/mo with 10 MSDs (about $10k) with $0 down since the money factor is high right now. Plus you get the money back at the end so you are saving an additional $2k in interest (that is like a 6% return over 39 months). Or if you are comfortable with a lower monthly, do that instead since there is a low likelihood you will total the car.
Using the numbers you gave, that works out to $630/mo and with $0 down it is $930/mo.
If I was putting down $10k, I would put it towards MSDs. Not a lot of customers do this, but it will probably save you $60/mo with 10 MSDs (about $10k) with $0 down since the money factor is high right now. Plus you get the money back at the end so you are saving an additional $2k in interest (that is like a 6% return over 39 months). Or if you are comfortable with a lower monthly, do that instead since there is a low likelihood you will total the car.
11-03-2018, 07:49 AM
#22
AudiWorld Super User
Residual is 54% and MF of .00241 for 39 months in the central region (Midwest US) plus Audi will pay up to $750 for your first payment.
Using the numbers you gave, that works out to $630/mo and with $0 down it is $930/mo.
If I was putting down $10k, I would put it towards MSDs. Not a lot of customers do this, but it will probably save you $60/mo with 10 MSDs (about $10k) with $0 down since the money factor is high right now. Plus you get the money back at the end so you are saving an additional $2k in interest (that is like a 6% return over 39 months). Or if you are comfortable with a lower monthly, do that instead since there is a low likelihood you will total the car.
Using the numbers you gave, that works out to $630/mo and with $0 down it is $930/mo.
If I was putting down $10k, I would put it towards MSDs. Not a lot of customers do this, but it will probably save you $60/mo with 10 MSDs (about $10k) with $0 down since the money factor is high right now. Plus you get the money back at the end so you are saving an additional $2k in interest (that is like a 6% return over 39 months). Or if you are comfortable with a lower monthly, do that instead since there is a low likelihood you will total the car.
1 MSD = 1 payment rounded up to the nearest $25. Buying it down to the floor will yield around a 4% savings, over 39 months, while of course losing use of the cash you're putting up front. All depends on your cash position, etc. I've done it once personally, out of 15 or so leases
11-03-2018, 07:16 PM
#23
+1. I mean, if you're not going to make the money work, then I guess it's not a bad idea. I can think of other ways to make that money grow though.
Those are some darn horrible numbers. Last December, I got my S5 coupe (36 months) for .00137 and 61% residual.
Residual is 54% and MF of .00241 for 39 months in the central region (Midwest US) plus Audi will pay up to $750 for your first payment.
Using the numbers you gave, that works out to $630/mo and with $0 down it is $930/mo.
If I was putting down $10k, I would put it towards MSDs. Not a lot of customers do this, but it will probably save you $60/mo with 10 MSDs (about $10k) with $0 down since the money factor is high right now. Plus you get the money back at the end so you are saving an additional $2k in interest (that is like a 6% return over 39 months). Or if you are comfortable with a lower monthly, do that instead since there is a low likelihood you will total the car.
Using the numbers you gave, that works out to $630/mo and with $0 down it is $930/mo.
If I was putting down $10k, I would put it towards MSDs. Not a lot of customers do this, but it will probably save you $60/mo with 10 MSDs (about $10k) with $0 down since the money factor is high right now. Plus you get the money back at the end so you are saving an additional $2k in interest (that is like a 6% return over 39 months). Or if you are comfortable with a lower monthly, do that instead since there is a low likelihood you will total the car.
Last edited by -=Hot|Ice=-; 11-03-2018 at 07:34 PM.
11-04-2018, 04:55 AM
#24
AudiWorld Super User
those are SB not coupe (coupe may not differ much don’t have it handy). But keep in mind, it’s a year ago. Residuals naturally drop, and interest rates have been climbing all year. But, you also now have incentive $, which there may not have been much last year. All that stuff in the mix and I bet one can do a similar net deal as they could a year ago. Similarly though, I haven’t sold a coupe since last December....demand just isn’t there on them and even less on cabrios. Sportbacks continue to do very well though.
11-04-2018, 05:36 AM
#25
AudiWorld Super User
In that case, shouldn't residuals be lower on the coupe than the sportback, unless Audi is artificially inflating them to move the coupe inventory off the lots?
11-04-2018, 06:07 AM
#26
AudiWorld Super User
audi and afs operate separately - like related divisions of a business. It’s all going to be down to inventory levels, geographic demand, competition car programs etc. I don’t have residual figures in front of me I’d have to look tomorrow. Sometimes residual stays up but they have no incentive $ beyond loyalty; sometimes residual drops but they do have incentive $. Sometimes money factor is lower than other times, etc. it’s a constantly changing landscape on a monthly basis
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