Lease payment - Ouch!
#1
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
I just got a call from my dealer - good news, my car is in port (SD) should be here in 7-10 days! Bad news - lease payment.....2001 TTQ, premium, audio....Total invoice is about $39,300. My down payment was $1000. Dealer says lease payment will be $656/mo (including taxes) and I will owe about $1000 up front (I'm assuming 1st + security). Does this sound OK?
#2
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
Let me know the cap cost, residual, lease period, money factor and tax rate - I have a spreadsheet that calculates the lease cost (it produces exactly the same result as the computer at my audi dealer). Are you leasing through Audi finance or another company?
Andy
Andy
#3
Eighth Member of AudiWorld. God-like, glorious and all-knowing.
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
Of course I did a 3 year loan to keep the rate down (6.9%), and I've paid down a ton of principal. So I currently only owe about $11,500. Still, that monthly payment is a bear.
#6
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
I 'backed into it' using a lease calculator I found on the web - I left a voice mail for my saleswoman to get me the true figures. Adjusted Cap Cost is #38,600, Money factor has to be around .004 (9.6%), Tax rate is 3.8, residual (guess) at 60% or $23,700. These numbers give me the payment I was quoted, so I guess I'm close.
Thanks for the help anyway!
Thanks for the help anyway!
Trending Topics
#8
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
Mine was a 180 roadster with a couple options: total price was $36,400.
I Put down $8000: 5-year financing works out to $650 a month.
If you've got $10,000 extra you could BUY your TT and finance it over 5 years for the same monthly payment. Trust us: once you get it, you'll wanna keep it forever, rather than give it back to the dealer!
cheers
I Put down $8000: 5-year financing works out to $650 a month.
If you've got $10,000 extra you could BUY your TT and finance it over 5 years for the same monthly payment. Trust us: once you get it, you'll wanna keep it forever, rather than give it back to the dealer!
cheers