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Audi S4, Car Buying, Car Leasing, Sedan
#253 of 448 #'s dont add up
Sep 26, 2012 (4:17 am)
Hi Car_Man. Wondering if you can help. I'm trying to buy a 2013 S4 Premium Plus - sticker at $56,570. Dealer is quoting me $54,136 (about $1500 over invoice as best I can guess). He's adding in Audi Care ($800ish) for a 42 month term (10K miles/yr) with $2k at signing. He's saying it's $759/mo. All my calc's are coming in around $650/mo. I believe he's using .00141 for MF and don't know Residual. Am I missing something?
Any help would be greatly appreciated.
#254 of 448 Re: #'s dont add up [parnelljw]
Sep 26, 2012 (8:22 am)
Sorry to jump in here ....
You're coming in a touch low, but how can you even make calculations without knowing the residual?
I just leased an S4 and my numbers were similar so hopefully I can give some context. My cap cost was similar to yours but MSRP was $57900. Residual is 31845. Audi care, too. I put more down, $3300 (more on that later). My monthly is $723. Reverse engineering that, looks like MF is .00141.
Verbal deal was $2800 down which included $1000 "conquest cash". I confirmed the availability of this incentive twice with the dealer before coming in to sign papers. Once I'm in his office "oops!" that's only for MY 2012 S4's. After a standoff we agreed to split the diff and I paid $500 more down. Bummer, but oh well. I f***ing luv this car.
#255 of 448 Re: #'s dont add up [agershon]
Sep 26, 2012 (9:02 am)
thanks agershon. I'm not worried about a few bucks here/there. I think I used 31800 (ish) for the residual. My point is why I'm SO far off from the dealer's numbers. $100/mo is approximately $3000+ on the price.
Glad to hear you love it - I'm excited to see if I can put this together.
Hope to hear from you car_man!
#256 of 448 Re: #'s dont add up [parnelljw]
Sep 26, 2012 (9:19 am)
Putting in your numbers, I get $782/mo. Taxes, registration and fees are almost 2k so you're essentially putting no money down. Be sure to include those in your calculations. Your residual (at 55%) is closer to 31100.
This calculator is very accurate for me. When I enter numbers right from my lease contract I get my exact pymt of $723.
OK I'll shut up now, I know you're waiting to hear from car_man
#257 of 448 Re: #'s dont add up [agershon]
Sep 26, 2012 (9:39 am)
Thanks agershon. Appreciate it. No state sales tax in NH - but registration is very high (probably $1000). I get $669 using that calculator.
#258 of 448 Re: #'s dont add up [parnelljw]
by Car_man HOST
Sep 30, 2012 (8:34 am)
Hi parnelljw. Using an MSRP of $56,570 and a capitalized cost of $54,936, I estimate that this car's 42-month, 10k, zero down, pre-tax monthly payment would be around $691. I used a money factor of .00143 and a residual value of 55% to arrive at this payment.
The dealer is likely adding sales tax to it. That would likely account for much of the difference between what I calculated and what you were quoted, but you still should probably have the dealer walk you through the numbers to find out exactly how they came up with the payment that they quoted you. Are they rolling any other fees into the cap cost?
EDIT: I just noticed that you're in a state that does not charge sales tax on vehicles, so there's definitely something wrong with the payment that the dealer quoted you. Make sure to have them explain to you why your car's payment is so much over $700 per month. They must be adding fees into the cap cost.
Prices Paid: Buying & Leasing Experiences Forum
#259 of 448 Re: #'s dont add up [Car_man]
Oct 01, 2012 (4:00 am)
thanks car_man. i knew the numbers simply weren't making sense. as such, i went elsewhere and found the same car for $75/mo less than I was being quoted. deal done. pick it up today! can't wait.
#260 of 448 October numbers
Oct 01, 2012 (12:59 pm)
Would you mind posting the October residuals and money factors for 36, 39 and 42 month terms with 12K miles per year.
Looking to order my S4 this month if the interest rates are begining to trend downward as they did last winter. Thanks!
#261 of 448 October rates
Oct 04, 2012 (7:34 am)
Would you have the residual and money factor for a S4 Prestige 24 and 30 month lease (15K miles per year)?
#262 of 448 Re: October numbers [isles1]
Oct 04, 2012 (7:39 am)
I neglected to put Premium Plus...
"Would you mind posting the October residuals and money factors for 36, 39 and 42 month terms with 12K miles per year. "