Happy Easter!
I received some pretty good advice on a 2019 Porsche Macan a few days ago. I decided to walk away from the deal because of maintenance and a huge tax liability when we move to Texas. We decided on going with the the following deal on a 2020 Audi Q5 Prestige for my fiancee and would like to know how I did. Also, passing along the links/info on the Macans in case anyone is interested.
Thanks again for all of the help! I’ve been lurking for about a month and used what I’ve learned to find what I think are solid deals. Would love to hear your thoughts.
2020 Audi Q5 Prestige
- $55,745 MSRP
- $49,962 sale price
- $2,498 tax credit (in Texas)
- 54% RV
- .00079 MF
- 10k/year
- 36 months
- $2,476.77 out the door ($895 acquisition fee, $343 tag and title, $614 first month’s payment, $624.53 remaining Texas tax)
$55,745 MSRP (plus $887 essential package add for $56,632 total - I’ll admit I don’t know why this is broken out separately on the quote), $49,962 sale price (11.8% initial discount), 36 months, 10k, 54% residual value of $30,102.30, and .00079 MF.
The kicker is Texas taxes 6.25% on the full value of the vehicle up front at the beginning of the lease ($3,122), so the dealership worked in another 5% discount to cover a portion of the taxes. At pick up I’ll pay $624.53 (1.25%) in state tax, $895 acquisition fee, and $343 for license, registration, and fees and a first month’s payment of $614 for a grand total of $2,476.77 at pickup.
All in, think I’m getting an initial $6,670 discount off MSRP and an additional $2,498 to cover 5% of the taxes due at signing for a total $9,168.10 off.
Thought I did alright. Couldn’t find another dealership close to $614/month on the Q5 Prestige. Have a deposit down while I wait for the car to arrive from port, so can walk away and lose the deposit if I’m getting a bad deal. Would love to hear your thoughts.
2019 Porsche Macans
There are two 2019 loaners available at Tom Woods Porsche in Indianapolis (one with 7k miles another with 5k miles). I was quoted on the first one. $599/month with $811 due on delivery (includes $598.50 in advanced payments and $212.93 in upfront charges). They swore the acquisition fee was built into the price already and that would not be due at signing. The deal was $57,560 MSRP, $47,700 sale price, for 39 months, 10k, .0022% MF and $34,128 residual value.
Once I realized (i) they were over a year old and wouldn’t be candidates for the Porsche maintenance plan and (ii) I was going to get hit with a $3k tax the second my fiancee moved to Texas, we decided to walk away from what otherwise seemed like a good deal.