Jason Teller

Has anybody worked out #'s for a 36 month Premier Purchase deal on the S4. Assume it's gonna cost you MSRP -- somewhere in the $42k range for a loaded one. Do I use the 36 month lease residual of 56% to make my calculations and just finance the difference over 36 months at, say, 8.5%?

I'm desperately trying to figure out a price range that I'll be looking at per month. Also, how is sales tax handled? Added to the purchase or part of the monthly payments?

Jason

Jon Shafer

Jason-
A "Balloon Note" contract cannot be calculated vis-a-vis conventional formulas... In other words, you need a deal computer that can figure balloon payment structures. Finance charges are calculated not only on the "amount financed", but the "Fixed-Value" (i.e. residual) amount as well. How much down payment are you going to use?

Another Drew

8.5% ??? You should be able to find better. Me..6.9%

Michael

Just use the balloon payment calculator.<ul><li><a href="http://hotfiles.zdnet.com/cgi-bin/texis/swlib/hotfiles/info.html?fcode=0000Z2&b=">http://hotfiles.zdnet.com/cgi-bin/texis/swlib/hotfiles/info.html?fcode=0000Z2&b=</a</li></ul>

robfox

6.9% on straight financing or balloon? The rates are usually higher w/ balloon.

Bruce K

Re: Robfox............... Where did you get the 6.9 % ???

Bruce K

Re: Another Drew............... Where did you get the 6.9 % ??? (nt) Apologies Rob and Drew

Another Drew

Sorry, my credit union 4 yrs, simple interest. NationsBank has 6.95%

Adam T

Members Credit Union in Winston-Salem, NC has 6.9 for 72 months - no down payment.

mjhorwitz

The way I understand Audi's Premier plan, you get the reduced monthly payment of a balloon payment with the guaranteed resale protection of a lease. During the term, you amortize the outstanding balance ($42m to start) down to the guaranteed value at the term's end (maybe the 56% residual value of the comparable lease). The guaranteed value and interst rate are disclosed by the Audi dealer (only the purchase price is a variable), so you can play with an amortization calculator (Lotus, Excel, QuattroPro) by extending the TERM (in months) out until the 36th month ending principle balance is close to the residual value. If you have equity in your home, a home-equity line-of-credit may give you the same flexability with payments that may be deducable, yielding an effective rate in the low 6's (consult your tax advisor.