Thanks everyone for this wonderful forum. I continue to learn a lot from here. I wanted to share my leasing offer and seek your expert opinion:
2018 Audi Q7 2.0 TFSI Premium Plus
Selling Price 51,400 (~10% off MSRP)
36 months; 12K miles p.a.
Monthly Payment: ~670 p.m. including tax @ 7.25% (~1.17% of MSRP)
Drive off (Excl. first month payment): 1,798 (895 Bank Fee; 475 Registration; 340 cap cost reduction to round the selling price; doc fee 80 and 8.75 Tire fee).
Who is your dealer - 10% off is a good discount. I got this quote for a premium 2.0T. Also did your lease have disposition fee per below and am using US Bank instead of Audi Finance. They mention about giving over $ 3000 discounts (6% off). I simulated it using leasehackr calculator and numbers make sense overall
Lease: 42 Months/ 10 K per year
Base Payment: $475 p.m
After taxes @ 8.5%: $ 513 p.m.
Disposition Fee 395.00
Excess Mileage Charge 0.25
1st Month Payment 513
Acquisition Fee 695.00
Fees & Insurance (documentation, license & Registration) 597.75
Upfront Taxes 450.29
Cap Reduction (Cash downpayment) 4,092.96
Total Inception Fees 6,354.69 << Will have to pay this to close the lease
Money factor is .00105
Residual is 57% or $31,275.90