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    VWVortex


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    Thread: Learn how to calculate a lease...

    1. 03-09-2005 09:34 AM #126
      can a dealer dictate the term of the lease? Like if I want a 36 month and they say I can only do a 48 is that a false statment?

    2. 03-09-2005 11:50 AM #127
      Quote, originally posted by Audi Finz »
      can a dealer dictate the term of the lease?

      No they cannot. Simple as that.....

    3. 03-21-2005 02:22 AM #128
      I must say this thread is a wealth of information. That said, I am hoping to get some info myself.

      Right now, I am looking at picking up the hot, new 2005.5 Audi A4. Equipped as such: 2.0T Q w/6 speed; sport package; prem. pack; light package; prem audio w/XM; cold weather pack; Audi DVD Nav+; Quartz grey w/Ebony interior and power rear and manual side sun shades. The dealer is quoting me $38084 vs. MSRP of $38995. The specs on the Premier Purchase are 39 mos @ 12k a year w/$2000 down + fees. (Oregon does not have any applicable taxes to this deal). Monthly payment is to $488 with A tier credit. Does this compute??
      I called the dealer and inquired more and they told me that the rate was 4.6% and a residual of $21447.
      Is this deal workable to more favorable numbers even though this model is brand spanking new? I have been wading through the advice in this thread and I want to think I can do better.
      I appreciate the help!
      Cheers.


    4. 03-21-2005 06:34 PM #129
      Quote, originally posted by A4Pass »
      An excellent source for residuals/money factors/etc, discussion on all makes...
      http://forums.roadfly.org/forums/financing/

      This is a great link, A4......I just finished browsing the messages that helped to clarify the balloon/lease implications (especially when the balloon is due) in the great state of Tax-us.

    5. 03-23-2005 01:16 PM #130
      Here's the easiest formula:
      (price + residual) x money factor = interest
      (price - residual)¸ ¸ term = depreciation

      add them togther for a payment.
      taxes are based on total of payments.

    6. 03-23-2005 01:17 PM #131
      , , was supposed to be a division sign

    7. 03-23-2005 01:20 PM #132
      they can quote a payment thatis only for 48 months and say that yuou can't do the same payment for 36.

    8. Member VT Passat's Avatar
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      03-26-2005 09:50 PM #133
      Why is the residual value added to the sales price to figure the interest?

    9. 04-13-2005 12:44 AM #134
      I apologize for taking this a little OT, but is there a similar post on Vortex or other site concerning financing the purchase of a car

    10. Member VeeDubDriver's Avatar
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      04-13-2005 10:08 AM #135
      Quote, originally posted by VT Passat »
      Why is the residual value added to the sales price to figure the interest?

      Because that is what the leasing gods demand!

    11. Member VeeDubDriver's Avatar
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      04-13-2005 10:09 AM #136
      Quote, originally posted by Tony@GKF »
      I apologize for taking this a little OT, but is there a similar post on Vortex or other site concerning financing the purchase of a car

      This might help: http://www.edmunds.com/finance...ce..2.*
      Otherwise, go ahead and create a new thread and we will see if we can get you questions answered.

    12. 04-21-2005 04:25 PM #137
      I am thinking of leasing my new TDI but the numbers I'm given by the dealership seem way too high. Here are the the numbers they give me:
      Selling Price: 23460
      Residual: .58 (13897)
      Interest Rate: 3.5%
      Georgia Sales Tax: 7%
      Lease Term: 36 months, 12K miles
      Lease Price: 420
      When I calculate it using your formula, I get 342.53.
      Am I doing something wrong or getting ripped off?
      Thanks.

    13. 07-12-2005 08:16 PM #138
      I want to lease a 2.0T A4 Avant. Black/black with prem, navi, lighting, sport, audio. 36 months, 12k miles, 3500 drive offs.. But you guys said I shouldn't put money down.
      The dealers gave me these numbers.
      Offer1:
      MSRP $39,745.00
      Invoice $37,563.16
      Selling price $38,063.16 ($500 over invoice)
      Adjusted residual value $23,052.10
      Drive offs $ 3,500.00
      Monthly Payment $ 454
      Offer 2
      OFFER 2:
      Selling price $35,498
      Money factor: 0.00135
      Residual 58%
      Monthly $420
      OFFER 3: (I originally requested one with just Prem, Navi, Lighting and this is what he quoted me telling me he'd do this if he could find one.. which he couldn't so he later called and offered $426 or something for the same car above)
      MSRP is $37995.00
      Invoice $34770.16
      Cap Cost $35770.00
      Out of Pocket $3500.00
      Residual 58%
      Monthly $410.40
      Should I expect better numbers? Since a base 2.0T sedan is going for $299 (but for a 24 month, 10k miles, with 2900 drive offs)


      Modified by pickuptyper at 5:17 PM 7-12-2005

    14. 08-11-2005 09:38 AM #139
      It's true. Especially given the current incentives being offered in North America on new vehicles, it does nothing to help maintain the resale price of a new car.
      Therefore, leasing is a great alternative to buying new if you have the cash flow. I'm not sure about the US, but in Canada, if you work for yourself, you can actually write your lease off as a business expense up to $750/month, which makes leasing even more attractive!

    15. 10-08-2005 03:51 AM #140
      OK, so I have a good car('99 Alero) that I want to trade in on a Golf (my virst VW). Right off the bat, lease payments are significantly lower than buying so thats my natural first choice. Driving to and from work (Surprise to Phoenix) would be 12k miles, I may be getting a new job that would add 2200 miles to what I already drive...so by the advice given I should not go with a lease right? Problem is that with a lease I can get a Golf for 220 a month and buying means like 350.
      Am I totally screwed here? FWIW, I would be trading in my car which is paid off to cover the initial down, most likely I would keep the vw and not turn it back in. For me the monthly payment is most important..like keeping it under 250 per month.
      Not sure what to do...help?

      Modified by nymike at 2:02 AM 10-8-2005


      Modified by nymike at 2:06 AM 10-8-2005

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      11-24-2005 07:02 PM #141
      Just wanted to say, "Thanks." My folks are looking to lease a CR-V and aren't really ones for reading the fine print, so I feel obliged to help 'em out. Reading this post made me feel prepaired.
      I really appreciate the time you took to make that spread sheet.
      Cheers!

    17. 11-30-2005 03:35 PM #142
      For this example, I would save up and put money down towards financing the vehicle if you really want to own it in the end. However, you could look for a lease transfer where someone has put several thousands down that would reduce the monthly costs of the lease. In addition, the buy-back might be even better than buying used.
      Just a thought.

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