Located in CA and looking for an A3 for the kid. Came across $0DAS for the first time in ages, and the sales person was adamant that the manufacturing rebate including Costco which total to $3000 would cover my remaining payment on my current Audi which is $1293.31 + TTL and I wouldn’t even have drive offs which I’ve never experienced.
MSRP - $43990
Selling Price - $39823.05
Remaining lease payment - $1293.21
Total Cap Cost - $41116.26
Cap Cost Reduction - $715.45
Adj Cap Cost - $40400.81
Re: deal - The MF seems ok but can definitely do more discount on the MSRP (targeting 13%+ based on the LH pre-negotiated deal). Still stumped with the structure……any help would be greatly appreciated!!
There is a $2000 national credit on FWD models, and a $3000 national credit on Quattro models. So you should be getting at least $3500 in rebates. I do not know if the $1500 loyalty credit is combinable. If it is, you should be getting at least $5000 in credits.
You need to see the lease structure, not the calculator output… inputs don’t justify the end result. Anyone can rig inputs to achieve a desired outcome.
Okay, here we go…
A3 doesn’t have strong lease programs this month. Your dollars would go a lot further or you’d save a ton of money by choosing a better candidate such as those in Signed Deals & Tips and Marketplace
There’s nothing special about a $0 DAS lease.
The DAS tells you nothing about profit to the dealer.
I saw that but when I went to the dealer (& spoke with 2 more), they mentioned that the national offer applies to the standard MF which according to the LH calculator is 0.0038 or 9.12%.
Thank you for the guidance. I had originally thought that with the $1500 Costco rebate; $1500 current customer rebate, Costco member pricing + the national $3000 Audi cash offer that it would be the perfect time to lease - not so!!
And thx about the profit comment - this was my stupidity and incorrect use of terms!
Will look into other models but we’re looking at Audi or Volvo which has crappy lease deals too.
Spend time in the Wiki and learn how to use the calc. As long as credit is good any lease ever can be configured as $0 DAS. People just don’t put the time in to learn how the numbers work. If you don’t just find and use a broker here as you will leave thousands on the table.
Prof, I have my own spreadsheets too but the general public that comes here is pretty adverse to math…just getting them to use and manipulate the calc, which is ‘good enough’, should be the goal…most of them reading your posts full of numbers and equations stop reading after the first sentence…heck, I do and I’m an engineer and numbers guy! LOL
Yeah, I know. but what bugs me is that the calculator inputs, in some instances, can be misleading. For example, checking the zero drive off box (capitalize all payments) just to achieve a zero drive-off is misleading especially when those payments aren’t capitalized but instead are paid upfront. The LH calculator is the best online calc I’ve seen hands down. However, I think it needs more fields that are appropriately labeled.
Knowing how to do the calculations goes a long long way in understanding leasing.
Look at the DAS fees in my first post above. The reality is that the 3000 rebate is used to pay those upfront fees resulting in zero DAS. But here’s the rub… those upfront fees are not capitalized in OP’s lease yet @sharksfan15 checks the zero drive-off box (capitalize all payments (excl. MSD)) that does not mirror reality. In @sharksfan15 defense, he really didn’t have much choice.
No where do I see the capped fee of 1293.21 or the 715.45 CCR. Talk about my math being confusing. I think the LH calc is even more confusing especially to a novice. They may wonder where the 715.45 CCR goes or where the 1293.21 capped fee goes. We’ve seen several instances of where posters ask how to populate some of those fields… they’re obviously confused and understandably so. Again, perhaps the LH calc needs to add more fields with appropriate labels and maybe change some of the wording in the existing fields. I think it begs for more clarity and there is no denying that.
