Cap Cost, Residual Percentage and Money Factor
#51
According to my dealer the quote was based on excellent credit. I did not have a credit check done today (considering purchasing through my business to take advantage of the tax credit). I am in OH. Dealer mentioned the 2.9% was good up to 66 months, not sure about the 1.9% or the .0025 MF but definitely going to ask now!
#52
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Join Date: Dec 2018
Location: Coachella Valley, California
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That's crazy. A .0032 money factor is equivalent to a 7.68% APR (.0032 x 2400). I don't understand why there is such a huge disparity between the APR on a purchase and a lease. And, a 45% residual is not even worth talking about. Audi works with Ally Bank. You may want to ask you dealer to get quotes from Ally.
#53
Could anyone who has received a lease proposal for a Q8 post the details? And, could anyone with a lease proposal for the e-Tron? I'm wondering if there is any difference. AFS is crediting the Federal Tax Credit and that should reduce the lease payments. But, the residual for the Q8 "may" be higher, so the final payment could be a wash between the two. I'm comparing the Q8 with the e-Tron because I think they are close to equivalent for appointments, fit/finish, and cost. I ask because the Q8 has no "range anxiety" and my gasoline cost for 1000 mi/month would be about $150-$200/mos. If the lease payment for a Q8 is $200/mos less than the e-Tron, that could be very interesting. If it's equal, that's also intersting as one could get all the benefits of an equivalent EV, with no downside.
#54
AudiWorld Member
#55
AudiWorld Member
39/15k is coming out at 45%
#56
#57
Etron Lease
See attach lease deal. I didn’t get the details behind it but I got a recent lease with about the same numbers for an iPace. I am leaning towards getting the Model 3 on lease. However, none of the manufacturers are offering good lease deals but surprisingly the model 3 seems to be the best and I doubt I will keep the car more then 2 years. I just think the interior of the Model 3 is dull but the range, charger network, 0-60 and constant software updates is intriguing to a techie like me.
#58
AudiWorld Member
Ok, so Audi USA put the kibosh on getting the $1495 rebate for edition one owners that didn't actually pre-order one.
The dealer made it work by giving another $1500 on my trade..
Here's my deal 36/12k (there's no sales tax on EV's in NJ and I'm adding audi care which will bump up the residual to 50%)
The dealer made it work by giving another $1500 on my trade..
Here's my deal 36/12k (there's no sales tax on EV's in NJ and I'm adding audi care which will bump up the residual to 50%)
#59
Wow the no sales tax makes a huge difference. Jealous!
Ok, so Audi USA put the kibosh on getting the $1495 rebate for edition one owners that didn't actually pre-order one.
The dealer made it work by giving another $1500 on my trade..
Here's my deal 36/12k (there's no sales tax on EV's in NJ and I'm adding audi care which will bump up the residual to 50%)
The dealer made it work by giving another $1500 on my trade..
Here's my deal 36/12k (there's no sales tax on EV's in NJ and I'm adding audi care which will bump up the residual to 50%)
#60
Ok, so Audi USA put the kibosh on getting the $1495 rebate for edition one owners that didn't actually pre-order one.
The dealer made it work by giving another $1500 on my trade..
Here's my deal 36/12k (there's no sales tax on EV's in NJ and I'm adding audi care which will bump up the residual to 50%)
The dealer made it work by giving another $1500 on my trade..
Here's my deal 36/12k (there's no sales tax on EV's in NJ and I'm adding audi care which will bump up the residual to 50%)