i am an expat in the US - just moved in and still don’t have a credit history, so i had to go with the German companies that have a plan for that
Signed a deal for 2 Audi’s - 2016 Q5 and 2017 A4.
thought that it was a good one, and now after browsing the site i am not so sure…
i am more upset that i didn’t ask for the data that you are showing here
2016 Audi Q5 2L Premium Plus + Technology pack - MSRP 48,525
payed 2,100 + 485p/m including all (taxes, acquisition, registration, interest, etc.)
2017 Audi A4 Quattro + convenience package - MSRP 42,295
payed 3,000 + 440p/m including all (taxes, acquisition, registration, interest, etc.)
is this at least a decent deal, or a bad one?
as said, the prices include all
what was the negotiated selling price for the two? Audi has specials running at the moment as far as I know. for a q5 you have a 1k lease bonus.
if you really want an opinion on your situation and see how you would have done in comparison to someone with a good credit score and a fair understanding of car leasing then you’ll have to post the underlying numbers.
here’s what i’d say from a distance:
if the msrp was 48k and selling price was 43k after a 10% discount and after the lease bonus etc you’d be looking at 470 per month inc taxes. and this would have been with a 0 down payment (not 2100). MF used 0.00030 and Residual 58%
About to make the move from the UK to the US (CA). Currently have an Audi RS4 on PCP (Personal Contract Purchase) which does not seem to exist in the US. A shame as I have money for a deposit on a new car and it can make the payments very cheap.
I would be interesting to know what the expat program is like with Audi even if they don’t have any decent cars in the US for my needs. I spoke to IAS and they were trying it on. Tiguan R for $550 month with $3k down. I laughed out loud when they told me.
I think the BMW M4 is where I will be going but I am interested to know a bit more about BMW’s Select program (basically the same as PCP in the UK).
On a side note, what an amazing forum this is, full of exceptionally helpful people all trying to make eveyones life easier.
10yr expat here, welcome stateside! MF usually isn’t negotiable to my knowledge but with places like Audi/bmw and some others you can put down multiple security deposits (MSD’s) to lower the MF. Security deposits are fully refundable at the end of your lease, you just put up more money up front.
As for the A4 and even Q5 can you provide some #'s off your contract/agreement, or even better a photo of the bit with all the $ values?
Also, yes this forum is awesome, its one of the newer resources but its always my first stop.
Q5 Premium Plus + Tech package
MSRP 48,585
Sale price 42,682
Nitro add on - 250 - they’ll remove that now that i see it
Documentation 490
License / Title 395
Acquisition fee 795
Rebate -1000
Due on delivery 2100 (485 1st payment + 1615 down payment)
Residual 55%, 12K miles
sales tax 7%
MF 0.0003 because of my status in the company
total monthly w/o the nitro add on, including tax - 478 p/m (+the 2,100 due on delivery)
Hi Jmac63 - Thanks for the feedback - turns out it’s not done yet
i’ve talked to the sales person this morning and he told me that it’s not done yet because they are waiting for an approval from Audi - due to the expat program i am in. that means they can also come with slightly different terms as well (they assumed MF according to the highest status in the program)
that means i can probably still back away - and i want to understand whether i should (if they screwed me), or if i got a decent deal, which i’ll go ahead with it with these terms.
With PCP you own the car so you are paying off the debt. So as a result there is nothing wrong with putting down a big deposit and reducing your montly. BMW Select is exactly that, it is like a hybrid between leasing and straight finance.
Also International auto source deal exclusively for expats and claim they will beat any lease quote you give them. Might be worth calling them…
Isn’t PCP just putting a down payment + monthly payments for 24-48 months, then at the end of that period paying the remaining amount or turning the car in?
No, you are responsible for the final payment. Yes you can trade in the car, hope you have equity and roll the money over to the next car or just hand the keys back but you are the registered keeper and the dealer does not have to buy the car off you unlike a lease where you always can hand it back.
It is basically like straight finance but you differ part of the financing based on residuals which is called a balloon payment. BMW select is not exactly the same as PCP because it has unlimited mileage whereas PCP is limited.
If you crash your car you don’t loose your deposit because you get paid the money directly because it is your car. You are then responsible to pay off the finance. GAP insurance is always a good idea.
So similar a lease, just slightly different. I always buy cars with a big deposit so it seems to make more sense than a lease.
IMO the monthly number is ok if you abs do not put anything down. pls see the breakdown below. i am in the market for a q5 so that the only one i can give you my opinion on.
for some reason i see that they added the tax to my cap cost! why is that? is it something they do in NJ (again, new to the US)?
is the residual even negotiable? i thought that this is a given thing and can’t be influenced… maybe it’s lower because it’s a premium plus + a tech pack?
in NJ there is no limit to the Doc fee unfortunately… so my Cap cost additions, on top of the tax which i don’t understand, are 1,685 - which is another ~10$ a month (350 difference from your table)
were you able to get an offer like that? (~475$, nothing down?)
