2020 Audi Sq5 lease, is it good?

Make : 2020 Audi Sq5
MSRP: $61645
Selling Price: $55213
10.4% off MSRP
LEASE NUMBERS
Months: 36
Miles/Year: 10k
Residual: 57 %
Residual value is $35,138.
Money Factor (MF) 0.00082
APR: 1.97%
Incentives : $2750
Zero Drive-Off

Is this a good deal?

They’re quoting you $665/mo after taxes and you don’t have to pay a single penny at signing? Then yes, that’s pretty good. But I’m not sure your calculator is correct since you didn’t select Audi, so I have questions.

For reference, here’s the 2020 SQ5 lease I just signed last week in CA:

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Also, make sure your MF is base/buy rate —mine in CA was .00042, so if they’re inflating it from that to .00042, then your payment is $1400 less good and therefore you’re at much less than 10.5% off MSRP

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  1. In NJ the tax structure is the second button

Tax is levied upfront on the total lease payment (e.g. NY, NJ, MN, OH, GA).

1b. And the rate is 6.625%

  1. Doc fee seems absurdly low for NJ

  2. Gov fees would be low $300s for plates/reg and luxury surcharge of 0.4% of the selling price since it’s above $45,000

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