But smart? enough to do MSDs.
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Two deals stand out in my memory:
One was a 2007 base model Touareg in December on 07. almost $6k DAS/640 a month for 36 months. The guy who leased it had a monthly income of $100k and was getting it for his daughter as a wedding gift. I guess if you have money to burn.
second was an old guy (about 70 years old) trying to impress his younger girlfriend (about 40). He was upside down on an 06 Maxima that he was financing at 602 for 72 months. He said if I brought his payment down he’d make a deal on an 08. Traded in the Maxima, put 3000 down, and took delivery of his 08 maxima on a 60 month lease at 599. It was at that precise moment I decided the car business wasn’t for me anymore.
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Even with MSDs, the Benz guy was going to pay 36*2198=79128 dollars total lease cost. $80k for not owning a car with 115k MSRP, and who knows how much money he put down. That was really the stupidest deal.
Those are both terrifying.
How does it not occur to these people to simply calculate the total cost of the lease, and from that conclude that they’re paying almost the entire value of the vehicle except they have to pay to give it back in 3 years?
I recently signed my first lease which was a horrible deal. Should’ve known better… I felt like a sucker for a while after reading through these forums. Good thing is I do like the car. Next time for sure I will try to do wayyy better.
36/15k $0 down, $800 monthly (inc tax which is 10.3%) for a 53k MSRP 2018 XC60 T5 MOM. we really do live and learn. Expensive lesson right there.
ouchhh, you live and learn… right???
Yep. The problem was that I didn’t research enough, and that I was being emotional with lotta changes in life (new baby on the way, etc) and wanted to close the deal that weekend. I probably would’ve saved way more had I waited about two months. All i can do is just enjoy the car and move on.
for what its worth, XC 60 T5 MOM is a pretty awesome car
to make you feel better, let me share my story: I just leased a 2018 Audi S5 Sportback for $938 (w/ taxes + Audi Care) and Zero down, MSRP $69k, got lots of sh*t for it but I love the car and I am enjoying it. So dont worry, be happy 
Sometimes my wife gets bummed when she feels like we are spending a lot of money on something (cars, travel, eating out etc.) and I always tell her to be glad that we have the money to afford these things in the first place. After all you only get to live once 
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And you can’t take it with you!
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You can’t take it with you, it’s certainly true.
But you can shop smart and not take mediocre deals and have more whilst you’re here.
Money covers a lot of stupidity. “Money Play!” as they say in Vegas.
Thanks for the kind words man! I do enjoy the car a lot too. So much better with great adaptive cruise control and the pilot assist.
You will never overpay for a lease in the future! No one here started off getting unicorn deals.
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People make emotional decisions and the car salesman is trying to make a living. Bad combination.
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I was just quoted $995/mo for a $65k Range Rover Velar with $4500 down payment. I laughed at him.
http://www.swapalease.com/mobile/lease/details/2017-Audi-Q7.aspx?salid=1236573
Looks like a 36m/10k. Previous MY too, maybe 2 model years. dude drove 11k in 3 months. Yikes. How is this situation even possible? Who signs a lease like this, then proceeds to drive 100 miles a day, everyday.
Says he’s willing to offer incentive. Should I ask for $45k? I think that’s fair for 500 miles a month.
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That’s a 59k dollar lease. Even with the added mileage, he might actually come out with some positive equity if he stayed the course. At 59k dollars over 3 years, he basically bought the damned thing. What’s left on the residual? I’d be very interested in seeing the MF and RV for this thing at signing, absolutely one of the worst Audi deals of all time. I wonder if he put money down…
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