7.38% pre-incentive discount. I had another deal with greater than 10% at the #2 Audi sales dealership, but only $1000 rebates and by the time we got things sorted out with AFS (lease extension was not allowing Lease Loyalty) on weekday- car was sold. No big loss since it had the Tow so overall payments were pretty close to my deal.
I presented my deal proposal, but the SM wouldn’t be that aggressive- esp since this rare optioned had only been on their lot 3 days. (Manufacture date 11-30-22). But my guy found $2000 additional rebates that other dealers didn’t have that they were able to apply so it got us to the finish line.
Then your numbers in the title are a bit misleading. Your actual DAS should read $4,576. $2680 cash, which you paid out of pocket, and $1896 in form of equity. Your equity, those funds belonged to you. You could have taken it as a check instead of rolling into the deal, and deposited into your bank account, no? How’s that different from cash portion?
I don’t think that’s correct either. I was also under impression that since only max of 9 deposits are actually reducing MF, you could just pay 9, but it appears AFS does this +1 deposit thing, so to get credit for 9 deposits, you still need to put 10. Credit to @DonnyAudi for providing the info.
So if you put 9 MSDs, only 8 are counted towards actually reducing MF. If you build the calculator, you can see it clearly. That was my mistake too in december, when I got my Q5 Sportback
I provided this signed deal as another data point to help out LH community.
I know you got your $499 Q5 SB deal and congrats. But, it feels a bit over the top with RE to my deal.
I corrected the cash due by adding the $6.50. My numbers don’t make sense? Sorry that I’m not allowed to mistakenly omit $6.50. And since you are asking- selling price + AC= Gross Capitalized Cost. These numbers are irrevelant to most on this forum. I deleted the alternative MF calculation since you caught an error- so thank you. I don’t think 99.9% of LH are hand-calculating MF.
I also indulged you on hand calculating the MF since you didn’t believe that I got 9 credits- not that it matters since it’s my deal.
I understand wanting to be as precise as you can, but I don’t see most users wanting/needing that detail.
Thanks for bringing up different ways of calculating things. Even the LH calculator is an estimate.
It’s Pre-incentive discount, cash for driveoffs, rebates, +/- equity, term/mileage, net MF. Then, it’s up to the individual to make their judgment on their own respective deal.
I thought that’s what this community was about- sharing and learning from each of our experiences. And I did learn something here- how to hand calculate MF.
This has nothing to do with my deal, nor do I care whether you put 9 or 10 or none MSDs at all. In the grand scheme of things it has little bearing on the quality of the deal overall. You’re right - this community is about sharing and learning.
The point is - we want to share and learn correct, precise and truthful information. Your claims about number of MSDs and how many are actually credited go against what others report, and against my own experience. Prove me wrong, I’d be happy to admit it. Just don’t make erroneous claims that could potentially lead to complications with someone else’s negotiations. “But I read on LH that you only need to put 9 MSDs to get max deduction”. “What do you mean contract was rejected by AFS?”.
So, lets cut the BS: did you put 9 MSDs and got max deduction of 0.00045 from the base MF or not?