eyeatl

The dealer quoted me a fairly high lease payment of $951/month on this deal:

4.2 Premium, S-line

36 month/12K lease
68210 MSRP discounted down to 64650 Cap Cost.
Money factor 0.00085
Residual of 49% if I added $590 for Audi Care
(they claim S-Line models are put at 48% residual rather than the 50% for non-S-Line models, but you can "buy back" the 1% with Audi Care purchase according to Audi finance.

Total payment of 950/month with $5000.00 cash down.

What do you guys think of this deal, considering it is towards the end of the model year?

temoore

Sorry, this does not copy well, but here is what it calculates to using your info:

Lease April 19, 2007

Vehicle:
Invoice MSRP
Base Price............................................. ......................... $64,650.00 $68,210.00

Options:
No Options

Destination....................................... ..............................
Margin over Invoice....................................... 0.00%
Agreed Upon Value of Vehicle (Purchase Price)................. $64,650.00 $68,210.00
Capitalized StartUps (w/o Trade Equity)............................. $590.00
Other Adjustments....................................... ......................
Gross Capitalized Cost .............................................. $65,240.00
Less Cap Reduction Cash.............................................. .... - $5,000.00
Less Trade Equity .................................................. ...
Adjusted Capitalized Cost.............................................. ..... $60,240.00


Lease Terms:
Months 36.0
Residual $33,422.90 49.0% of MSRP
Factor .0008500
APR 2.05%
Ford APR N/A
GMAC Rate

Base Payment $824.53
Monthly Sales/Use Tax
Total Monthly Payment $824.53

Mileage:
Miles per Year 12000
Years 3.0
Total Miles 36000
Additional Pre-Paid Miles 0
Total Miles 36000

Cents per Addtl Pre-Paid Mile 0
Cost of Addtl Pre-Paid Miles

eyeatl

Temoore, thanks for the breakdown. I forgot to include the 575 acquistion fee. My calculations led to roughly the number you did, but they kept coming up with 951/month including my 7% tax(840.99 + 58.87). They claim they are going by Audi Finance numbers. Where are they playing with the numbers? They claim my lease calculator is "incorrect."

mksap11

end of the model year?

doubletwins

It came with Adaptive air, Side Assist, Ipod ready, 20's, 6 seater config, clear bra (front and rear), front window tint, Audi care AND two 7 inch screens/DVD in the rear headrests.
Sorry I don't remember all the numbers though.
I heard the sales manager complaining to our salesman that he's never sold a $70K vehicle in his 30 years of car sales and only made $300 off of it. :P

BTW: WE love the truck.

AntzE60

eyeatl,

My lease numbers are pretty similar to yours. I made a mistake of closing the deal too soon. Shop around and you're able to do better on the numbers!

Gd luck!