Trying to understand what I’m doing wrong or missing or what the dealer angle is. In North NJ, MF = .00195, RV = 57%
Leasehackr:
Dealer:
Thanks!
This is a horrible deal regardless, do some more shopping, this can easily be beat!
Cash down $5k, I assume plus taxes and fees - like $8k DAS and $944 a month, ugh.
This is a new vehicle…so it won’t “lease well” for a while. If you don’t need the size, check out an SQ5.
Cargurus shows you have at least another 2 grand in the sale price. Also, that etching…make them reduce the price of the vehicle by another $195 to claw that back.
In terms of the calculator - put $66,635 as the sale price. See if they are marking up the acquisition fee. You should be using MSD’s instead of putting anything down. If the Q8 is totaled, you’re out that money…don’t put anything down other than tax, title, fees, and 1st month…some people recommend always doing $0 down $0 due signing for this very reason.
Did they tell you what MF they’re using or are you presuming they’re giving you the base rate? I don’t see what discrepancy would account for such a large difference if they’re using the base rate.
https://www.cargurus.com/Cars/new/searchresults.action?sourceContext=homePageNewCarTab_false_0&selectedEntity=d2792&zip=07470#listing=252008648
For what it’s worth I got ~13% off (with rebates) in July on a Year 1 Premium Plus with higher MSRP. Non “Year 1 Package” cars should get an even steeper discount IMHO
The NY Metro shops were tough to crack. I shopped further out (3+ hr drive), to find a great deal and then convinced a NYC area dealer to match. Focus first on cars that are sitting on lots (90+ days)
Thank you so much for all of your comments and advice. They are very helpful.
I currently have a Q5 but I have a size issue so I can go to the Q7 or Q8. I’m not crazy about the Q7 so it’s Q8 or go with a different make. Any suggestions on other cars to look at in the same class and size as the Q7/Q8?
What makes no sense to me is that the dealer’s monthly payment is widely off the Leasehackr calculator’s monthly payment. The #s are the #s: MF, RV, MSRP, Sell Price, Money down, Lease Months, Miles, etc. Is the dealer just calculating things differently behind the curtain?
I appreciate the link to car gurus and I will effort with that dealer and see where I get.
If you really want to figure out the calculator issue, you need to ask the dealer for the lease worksheet…that will allow folks to dissect the deal.
Another 2 or 3 grand off the purchase price is going to shave off $60 on the monthly. It’s definitely better, but you will absolutely be paying a premium to be in a Q8 vs. the Q7. There are lots of threads on 3 row SUV’s…just search the forum for it.
I had a similar issue with calculations not syncing. Make sure you also incorporate acquisition fees, document fees and taxes correctly (varies by state). At the end, our calcs were not syncing so I moved away from “Money Down” convos to “Due at Signing” convos (e.g. all in)
So it looks like the story has changed slightly. As I’m reading the breakdown of the offer, when I plug into the leasehackr calc the deal is $1000 down payment. Am I correct?
If I am correct it means that the leasehackr calc is working properly. I understand that is doesn’t mean it is a good deal. It seems the next thing to work on is the sell price.
Leasehackr:
Dealer:
Line 11 shows there isn’t any money down (Cash Cap Reduction)
You need to adjust the sale price to the adjusted cap cost - 66,635.
Line 25 shows Upfront Bank fee - so you’re paying the acquisition fee at signing - so you need to check that box in the calculator.
The monthly is right, but the due at signing is different…some of what’s up front is taxable and some of it isn’t, but I’m not sure. I haven’t done any leasing in NJ.
More like this:
Thanks! Makes me feel much better better to know the calc is working and the pricing can be modeled close to accurately.
Do you know if Audi can/does change the MF mid month? Or is that something that can only occur on a 1st of the month basis?
Just an FYI for anyone who might refer to this thread in the future, per moderator @ edmunds, very unusual for mid-month MF program changes.
Are you thinking about using MSDs? Play with the calculator to see the effects…$929/month to $876 a month moving the MF from .00195 to .00145 - refundable $9,000 saves you $1,908 over 3 years. You get the $9,000 back at the end of the lease…I would consider it a very safe investment in your portfolio with a strong guaranteed yield. If you can swing it, do it.
cool, thanks for the advice.
Got another offer from another dealer. What’s different about this offer is that the monthly payment squares with leasehackr but they have the final monthly payment going up after tax. I was under the impression that in NJ tax is paid up front and not on the monthly lease payment.
I also looked at my lease invoice paperwork for my current car with Audi and there is no mention of tax on the monthly payment. I also compared to the other offer I have in hand from a different dealer and they don’t include this.
Is the second dealer adding something else in?
2nd Dealer:
Leasehackrs:
Hire a broker, it will save you thousands, these two deals are abysmal. With what you’re paying, at a minimum you should be in a P+, maybe even a Prestige, although with their lower RVs, they lease even worse.
I sent you a PM