Leasing Question??
Thread Starter
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Joined: Mar 2000
Posts: 8
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Leasing Question??
So Ive found my car. Audi A4 1.8T Quattro.
Found the color, options and price I want. about 5% over invoice.
So now Im looking into paying for it, and the thought of 60 months of payments hurts.
So Im looking into leasing.. now I like the Cap. Cost and the Residual. But the
Rent Charge (lease charge) seems high. about 20 to 30 bucks over what I would have expected.
Is this due to higher interest rates?
Is this value negotiable?
AFS doesn't give an explantion of how its derived (no money facter or rate)
Anyone have any insight?
average lease cost for a 27.5k vehicle?
The faster I sign the faster I drive.. and I want to drive...
but all this chip talk has me rethinking the lease...
and I thought deciding on one car would end the anxiety.
Thanks for your help
Bill
Found the color, options and price I want. about 5% over invoice.
So now Im looking into paying for it, and the thought of 60 months of payments hurts.
So Im looking into leasing.. now I like the Cap. Cost and the Residual. But the
Rent Charge (lease charge) seems high. about 20 to 30 bucks over what I would have expected.
Is this due to higher interest rates?
Is this value negotiable?
AFS doesn't give an explantion of how its derived (no money facter or rate)
Anyone have any insight?
average lease cost for a 27.5k vehicle?
The faster I sign the faster I drive.. and I want to drive...
but all this chip talk has me rethinking the lease...
and I thought deciding on one car would end the anxiety.
Thanks for your help
Bill
New Member
Joined: Mar 2000
Posts: 141
Likes: 0
Try Edmunds Web Site (More)
I've found that the calculation formula on Edmunds web site is accurate for AFS leases.
I figured out several leasing plans and compared them with what the dealer quoted me, with excellent accuracy.
You will need to know the residuals and the interest rates.
For my car(2.8 Avant ~$34,000 15K mpy:
Term/Money Factor/Residual
36/.00340/57
39/.00340/56
42/.00340/55
46/.00340/54
48/.00340/53
Sense a trend? Note these numbers changed last Friday, so I have been told. I thing the Money factors went up.
Any way Audi figures out the lease payment in a pretty straight forward way.
email me if you want to know the particulers.
I figured out several leasing plans and compared them with what the dealer quoted me, with excellent accuracy.
You will need to know the residuals and the interest rates.
For my car(2.8 Avant ~$34,000 15K mpy:
Term/Money Factor/Residual
36/.00340/57
39/.00340/56
42/.00340/55
46/.00340/54
48/.00340/53
Sense a trend? Note these numbers changed last Friday, so I have been told. I thing the Money factors went up.
Any way Audi figures out the lease payment in a pretty straight forward way.
email me if you want to know the particulers.
Thread Starter
New Member
Joined: Mar 2000
Posts: 8
Likes: 0
Re: Try Edmunds Web Site (More)
In that Light..
I guess its not too bad
but edmunds examples gave me lower monthly pmnts...
I dont have the numbers here but I think its
A4 1.8T
39/.0034/.62
just seemed a bit high..
Thanks for you help
Bill
I guess its not too bad
but edmunds examples gave me lower monthly pmnts...
I dont have the numbers here but I think its
A4 1.8T
39/.0034/.62
just seemed a bit high..
Thanks for you help
Bill
New Member
Joined: Mar 2000
Posts: 21
Likes: 0
Lease Insights
I used a spreadsheet that brought me within $.01 of my final lease payment.
Monthly Payment = Monthly Depreciation + Finance Charge + State Tax
Monthly Depreciation = (Cap Cost - Residual) / # Months
Finance Charge = (Cap Cost + Residual) * Money Factor
Figure State Tax on the sum of above two calculations.
FYI: Approx. APR = Money Factor * 24
Email me if you have any further questions.
Good luck!
Monica
'00 S4
Monthly Payment = Monthly Depreciation + Finance Charge + State Tax
Monthly Depreciation = (Cap Cost - Residual) / # Months
Finance Charge = (Cap Cost + Residual) * Money Factor
Figure State Tax on the sum of above two calculations.
FYI: Approx. APR = Money Factor * 24
Email me if you have any further questions.
Good luck!
Monica
'00 S4
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