This is what I was offered.
MSRP $47960
CAP $38960
Residual Value $27337.20
MF .00147
Term 36 months
7500 miles/year
Down payment $3495
Expected payment is $410
Is this a good deal?
I am in the Atlanta area
Why are you putting such a massive down payment? That is a poor idea
That was what was offered.
Isnt it the same as paying a higher monthly for the period of the lease?
If you stop at 7/11 on the way home from the dealer to get a Big Gulp, and the car is stolen–you’re out $3,495. And you didn’t even make one payment which was lowered by that lump sum.
Keep your cash. Take the higher payment. Probably about $110 or so higher with nothing due at signing.
There’s about $85/mo unaccounted for if using the CAP, residual, and MF rate you listed. Prob tax but should be that high. Ask for fees and taxes break down.
Thanks. I will ask and post the update here. Does the residual seem low?
Residual is set by the finance company and is not negotiable. The only moving pieces are sales price and MF, and, to be fair, MF has a firm floor.
Just make sure you’re getting the buy rate and throwing max MSD at it to mitigate today’s higher interest rates.
I am currently in market for Audi Q5 premium plus ,the deal that I got is
MSRP before discount : 51985
Money Factor : 0.00231
12000 miles a year for 36 months
Residual : 55%
He gave 15% off MSRP
Monthly payment inclusive of all fees ,taxes - 599$ per month.
Location Orlando, FL.
Is this a good deal ?
Thanks,
JJ