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I need urgent help with money factor!
by baxterdown on Fri Sep 28 14:58:54 PDT 2007
Dealer gave me "1.2" as money factor. That doesn't make sense. AFS's MF for september is .00075 which translates to 1.8% interest rate. 1.2% interest rate equals to 0.0005 MF which I know is not AFS's september lease rate. Any thoughts? I'm heading to the dealership tomorrow Saturday to do the deal! :P Here are the initial numbers they gave me: 36months at 12k yearly $2,129 due at signing $829 plus tax MSRP $58,825 Selling price is $56,625 MF 1.2% Residual 53% $2,129 breakdown- $399 bank fee- $575 acquisition fee- $145 license fee- first month payment- taxes- and florida surcharge for the lease of about $70.00 The 829 is without tax. With tax the payments are $879.16. Besides the MSRP, Aquisition Fee, and Residual, the rest of the numbers are a bunch of BS! I ran them through leasecalc and they come out to $795 X month with tax! Here are a few questions, - as I understand it, "bank fee" and "aquisition fee" are the same. Am I mistaken? - Isn't the aquisition fee included in the calculation of the lease rather than paid at inception? - What the h*ll is a "Florida Surcharge"?! Thanks in advance for your help Jose
Re: Message for Car_Man :-) [houstontxmob]
by baxterdown on Tue Sep 25 09:36:38 PDT 2007
Hey, still waiting! Dealer said the car was arriving to port and the end of last week so I'm sure they'll be calling me soon... I'm really worried about September's MF and Residuals. The numbers really went to h*ll this month, which effectively have bumped the payment by about $70 x month. That times 36 months is 25 hundred bucks!!! With a little bit of luck, my car will get delayed and not arrive until October when the rates will be better :-) I'll keep you posted j.
Re: Message for Car_Man :-)
by baxterdown on Thu Sep 20 16:59:00 PDT 2007
Hi Car_man, I hope you're still around to offer some insight... This month's lease rate numbers for the Q7 3.6P do not make sense... According to your numbers, the MF jumped 500% (from 0.00014 to 0.00075). That alone represents an average $80 to $100 jump on a monthly payment. I went back and looked at MF and residuals you so kindly posted from June 2006 through August 2007 and calculated a payment using leaseguide.com's calculator for each month. The payment remained consistent within a few dollars every single month with the exception of Nov/Dec 06 when Audi Financial Services had a program and the payment dropped by about $50. Other than that, as residulas were adjusted through out the model year, so were money factors, thus keeping the monthly payment consistent. Naturally, I'm alarmed to see that the MF all of a sudden jumped so much this month! If you could offer some insight as to why you think MF jumped so high this month I would appreciate it. Of course, it would also be great to hear your prediction :-) I'm heading to the dealer this weekend and I'm afraid its not going to be pleasent... :( Thanks in advance! Jose
Re: Car_Man Where Art Thou??? :-)
by baxterdown on Mon Sep 17 19:25:07 PDT 2007
car_man, where are you??? Please look at my post on page 24. I got a call from the dealer today. My car will be here at the end of this week! I'm in desperate need of MF and Residual numbers. PLEASE HELP!!! :-) Thanks in advance Jose
Re: Lease negotiation [woolooloo]
by baxterdown on Tue Sep 04 04:05:41 PDT 2007
Woolooloo, there is some information about the $4000 deal and special lease rates on the Costco Auto website. Here's a direct link (click on Audi and Q7): http://www.costcoauto.com/research/incentives/default.aspx I have read a lot about 1k below invoice PLUS the 4K deal, which in effect is 5K below invoice. There should only be a few '07s left over and the '08s are coming in. The dealer (competition or not) should be encouraged to move those cars. If you need a good lease calculator, go to leasecalc.com, they have an awesome calculator!! :-) Good luck!
HELLO CAR_MAN!
by baxterdown on Fri Aug 31 18:38:25 PDT 2007
HELLO CAR_MAN! :) It looks like my truck might arrive early (before October). I want to be prepared, so I would appreciate it if you help me. Here are the specs on my car, 2008 Audi Q7 3.6 Premium, Calla White, Cardamon Interior, Technology Package, Convenience Package, Panorama Sunroof, 20” Alloy Wheels. MSRP $58,825. Invoice $54,229. I am planning to lease for 36 months (or 33 or 39 if more advantageous) with typical 15,000 miles per year (or 12,000 if more advantageous) Can you please provide me with: MF Residual Cost of Audi Care (and if it is worth it in your opinion) What I should expect to pay (base cap cost) for this car in Florida around this time of the year. I’m pretty good negotiating; I just want an educated opinion! Ability to not pay an acquisition fee and/or security deposit (keeping in mind I am not a previous Audi customer) Thanks in advance, Jose

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