Advice for a 2024 Audi Q8 E-Tron Sports back Lease

[JMV1210]

Hello,
I am looking for some insight on this lease deal:

Car: 2024 Audi Q8L Sportback S Line e-tron Quattro

Lease Deal:
MSRP: $89,420

Amount Due at Signing:
1st Month Payment: &1,018.00
Acquisition Fee: $895.00
Up Front Taxes: $3,760.88
Cap Reduction [Cash]: $1,326.2 [This is money down on car]
TotalInception fees: $7,000
Rebate as Cap Reduction: $12,500.00 [$7,500 Rebate, $1,500 Costco and $3,500 Dealer Incentive]
Total drive off: $19,500.00

Tax Information: All Pd Upfront
Cash-down Tax: Rate, 6.62500 $975.27
Supplmental Titling Fee Rate, 0,40000 $357.68
Upfront Tax Rate, 6.62500 $2,427.93

Payment Information
Term 36m Months
Miles a year: 12K
Monthly Payment: $1,018.00
Purchase Option: $50,075.20
Dispostion Fee: $495.00
Extra Milage Fee: .25 Cents

Money Factor is 0.00246 = 5.9%
Residual is 57%

I ran the money factor through edmunds and someone there confirmed it to be in fact 0.00246 / 5.9%.

However if I calculate the RV based on the MSRP $89,420 x .57 = $50,969.40

This lease deal is without any counteroffer on my part, it is the initial offer from the dealer. I haven’t negotiated the MSRP down before rebates / incentives.

Based on the lease deal I have here, presuming the money factor and RV is accurate, what do you suggest to modify and/or negotiate in a counter offer?

Note the $7,000 total inception fees includes $1,326 as a downpayment.

Location NY. 11733.

[sharksfan15]

What’s the sale price, looks like they gave you no discount. Did you look at marketplace to see what brokers are offering? Did you see the 12K off on a Q8 here (probably not a sport back but still)? If you learn to work the calculator people can help you more.

Audi Q8 etron Prestige Deal Check - 8.9 LH Years

I don’t quite understand exactly where to put everything in the calculator so hoping for some deal checking. Planning to sign docs tomorrow. Would love your insight, thanks! 2024 Audi Q8 etron Prestige MSRP $91,940 Discount off invoice 13% to $79,987 Incentives $14,800 (EV 7500, national cash 5000, Costco 1500, region rebate $800) Monthly payment $925 ugh includes 9.3% KS sales tax DAS $925 Doc Fee $799 Acquisition Fee $895 Residual 52% MF .00275 Link to calculator = CALCULATOR | LEAS…

Edit: Better yet, did you see this

[chief1203]

FYI…the deal I posted was not a Sportback as you assumed. I needed a taller trunk area to fit my son’s walker.

[sharksfan15]

@sharksfan15

Did you see the 12K off on a Q8 here (probably not a sport back but still)?

I assumed it’s not a Sport Back. But OP’s deal looks like no discount.

[chief1203]

Agree, every dealer offered me something off of MSRP most just 2-3% but that is still better than nothing. I would say I spent 6 hours working my opportunity and frankly if I didn’t mind color choices I would’ve been done in 35-45 minutes at 13% off with the additional $14,800 in incentives.

[Bluemkn57cars]

@JMV1210

Rebate as Cap Reduction: $12,500.00 [$7,500 Rebate, $1,500 Costco and $3,500 Dealer Incentive]

Isn’t there a $3k Audi National incentive? Check out https://www.audioffers.com/. Is the $3500 the dealer discount?

@JMV1210

Total drive off: $19,500.00

Yikes. Any reason you’re paying all taxes upfront? I get it that some of the drive offs includes the rebates, but that’s still $7k out of pocket.

@JMV1210

Cap Reduction [Cash]: $1,326.2 [This is money down on car]

Don’t do this. No need to put that much money down.

@JMV1210

Based on the lease deal I have here, presuming the money factor and RV is accurate, what do you suggest to modify and/or negotiate in a counter offer?

I wouldn’t counter with this dealer. Move onto another dealer or find a broker in the Marketplace.

[MuMu]

Yikes…

10% off plus all incentives and buy rate is the minimum deal you should sign on a Q8 etron.

[parkville]

Do you want a sportback? It is a more niche product than the regular one. Harder to find a good deal.

[ecrespo175]

I see mention of tax and the rate of 6.625% which is the NJ tax rate. Why is the dealer charging you tax on an EV?