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Hey - Based in the Bay Area. I’ve been lurking on the forum for sometime before registering and posting my first topic. This is a great community! Here’s a deal I’m considering this week
Model: 2020 Audi SQ5 Premium+
Pre-incentive sale discount: 11% (with Costco)
Rebates: $750 (lease cash)
Residual: 59% w/audicare
MF: .00058 (butyrate)
DAS: $1600 (acquisition, first month, doc fee, license and reg less the $750 lease cash)
Monthly: $589 /month
Lease calc: leasehackr.com/calculator?make=Audi&miles=10000&msd=9&msrp=60395&sales_price=53752&months=36&mf=.00058&dp=0&dealer_fee=1085&acq_fee=895&taxed_inc=750&untaxed_inc=0&rebate=0&resP=59®_fee=640&sales_tax=8.5&demo_mileage=0&memo=&acqFee_check=true&monthlyTax_radio=true&dealerFee_check=false&govFee_check=false
Note on calc: the dealer is saying 633 / month with all these terms but I am assuming he didn’t correctly incorporate msds. Let me know if you see anything missing on my calc. I rolled the 999 audicare in to dealer fees.
Thoughts? I know this isn’t particularly stellar (just 1% contribution from dealer) but 11% seems to be about the max dealers are willing to do with the buy rate mf.
From my standpoint, I don’t need to make a move immediately (2 months remaining on current lease) but a few things have me considering pulling trigger now:
- Costco program going away next month - I know this will get replaced w/other discounts but seems unlikely given current environment that dealers would go beyond 11% discount and residuals seem to be at a high right now?
- there aren’t many low option 2020 premium + builds remaining in my area - this hits sweet spot of what I need for the price. I imagine when ‘21s come in they won’t be had at same discount?
- I’m going to have to deal with stuff in November and would prefer not to be negotiating leases. It also doesn’t seem that w/lower inventory in this segment holiday deals wont be what they used to be
What are folks thoughts here? Decent deal? Am I rushing this given I’ve got time remaining on my current lease?