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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
823 messages, Last post on Dec 03, 2009 at 11:37 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: anumolu (Jun 08, 2006 6:49 am) |
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Replying to: anumolu (Jun 08, 2006 6:49 am) My only feedback would be to not put down such a large deposit. There are many reasons for this which have been discussed many times on the numerous Edmunds 'Lease Questions' forums. I know it is nice to have lower monthly payments but it really is just an illusion since you are basically just 'prepaying' the incremental difference in payment compared to if you put $0 down. I have not driven the GL but my sister-in-law has one and thinks it is great. The GL styling does nothing for me however. It's just another boxy (but nice) SUV.
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Replying to: bwedotnet (Jun 08, 2006 7:51 am)
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If we assume agreed sales prices will drop in time, doesn't it make more sense to lease than to purchase at this time, and pay an agreed depreciation; then later renegotiate the residual value when the lease matures, and production has caught up with demand? Unless of course you have no interest in keeping the vehicle, in which case all that matters is the difference between the capitalized cost and the residual value. Please correct me if I'm mistaken. For example, does the predicted residual value change (higher percent) as the average captilized cost drops? This would result of course in equalizing RV across the sales period. Sorry if this is too confusing. |
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Replying to: anumolu (Jun 08, 2006 10:55 am) Take that $1400 and put it in an account somewhere (bank, mutual fund, whatever). Your lease payment will be about $40 higher. You can take the $40 from the account every month to make the car payment. At the end of the lease, the account should have a little left from the interest you earned. Main reason to do this is in case that lease doesn't go to maturity. If your car is stolen or totalled, that down payment is stolen with it. Same problem if you want to get out of the lease early. Never, ever, put money down on a lease. There is absolutely no good reason to do so. |
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Replying to: bwedotnet (Jun 06, 2006 6:57 am) Term/Miles: 36/15K MF: 0.00125 Residual: 56% MSRP/Price Paid: $54070 Inception Fees: $1929 Downpayment: $0 ($0 drive off) Monthly Lease Payment: $824.13 + tax (~$73/mo) It seems like a fair deal. I will post dealer details and recommendations after I close the deal.
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Replying to: bwedotnet (Jun 09, 2006 10:53 am)
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Replying to: rbirns1 (Jun 10, 2006 6:04 am) I had the dealer break down the inception fees, everything was inline with what it should be. Keep in mind it includes the first month payment. My drive off was $0 (the only way to go). Final deal details: Term: 36/15K MSRP/Price: $54070/$54070 (no discount off MSRP of course) Inception Fees: $2003 Residual: 56% ($30279) MF: 0.0125 (3%) Drive-off: $0 Total payment with taxes (7.75%): $888/mo All in all I am happy with the deal and the wife loves the car (it is an awesome vehicle).
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Replying to: bwedotnet (Jun 10, 2006 1:23 pm) |
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