Back of napkin math makes this look like it is 16k down.
116,000*0.58 = 67,280
67,280 - 16k down = 51,280
51,280 / 36 = $1424 (monthly)
My blessings to you.
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58% residual, so shouldn’t it be:
116000 * 0.42 = 48720
48720 / 35 = 1392 + tax, fees, fun stuff
Blessed be your day
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Nice car! I am enjoying my '19 etron prestige.
-May the bless be with you
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Hope you get a $16k check in the mail. Otherwise… bless your heart, just enjoy the car.
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lot of blessings here lol did I get hosed?
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what should/could I have done better?
Would help to post the full breakdown or picture of contract. Otherwise we are just guessing. If you really had your $16k in equity rolled into your new lease, then you are effectively paying about $2k/mo for an etron, which is pretty wild.
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What are '19 etrons going for? 60k?
I got 63k.
Did the dealer cut you a check for the $16K equity, or did that equity get applied directly to your lease?
Used for down pay / cost reduction
I dont know if hosed is the right word but what you did was kinda stupid. Imagine if the car gets totalled right now. You know what happens to that equity you were talking about? Audi keeps it.
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Ya well that’s not really the issue at hand, the issue is op basically is paying almost 2k for a etron (and said bye bye to all his equity in previous etron).
Blessed be your hearts
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Why is it bye bye? If I did true 0 down wouldn’t the cost be around 2k anyway? So I just reduced with the equity and got to drive the suv free for 2 years basically?
I’m not really in the market for a etron but I’m almost positive that you in fact did get hosed. The equity went bye bye because you should’ve been able to get the same deal without ever mentioning you have a car to trade
Many bless
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Ur already paying 2k a month right now. You just made a very large upfront payment that is reducing your monthly to 1400 but in reality you are still paying 2000
how did you turn a win into a head scratcher? That dealership employee getting lots of back pats
you could not lease this car for 0 down 1400 month. Were talking the GT here not the suv. They are in fact leasing around 2k or higher with 0 down. MF is high on it. bless thing is obnoxious.
Factoring in the large downpayment, this becomes a 2k a month deal. Since you had so much equity and the mf is marked up, you could have at least done MSDs to reduce the interest charge and added audi care to increase the residual.
Agreed you can’t get this car for less than 2k with 0 DAS, but you could have done MSDs
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