Salespeson wouldn't give me the residual and MF, but this is crazy on an MSRP with options: $77,480.00.

No money down $1424.00 per month 36 month - 12,000 miles/year

 

You could prolly reduce that monthly with a good-sized down-payment

 

Rule number one for anyone leasing, NEVER put any money down.

All you are doing is paying up front for your monthly payments.

It's as if I was renting you a house for 12 months at $1,000.00 per month ($12,000.00 for the year)andtold you that if you put down $6,000.00, I'll make the rent $500.00/month.

The whole idea about leasing is to take out as little money as possible and just pay for what you are using on a monthly basis. Keep your money in the bank or invested.

Not to mention that any money you put down will disappear if your car gets totaled in an accident.

You could drive it off the lot after putting $10k down on the lease, get whacked by a semi and if the car is totaled by insurance, your $10k you will never see again.

 

I was a finance manager for car dealerships for ten years including a stint at bmw. What do you mean the salesperson wont give you the residual and LMF? They have to give you that info and the residual amount will be on the lease agreement. Were you there in person?

 

This was all done by email, I guess I should have stated that.....sorry.

 

Base Money Factor: .00095 / Residual: 41% of MSRP

 

By the way I think there is special lease deal on 04/05 CPO according to audiusa website. Anyone have detail?
thanks.

 

That residual would make you think you're looking at a Hyundai. [:-]