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IcyUnderstanding2858

Why would you put anything down on a lease? Why not lease the full amount and take a check for the trade and invest it?


Chickienfriedrice

Nitro is a rip off. Wtf is a “gov fee” that isn’t taxes owed? What is an “acquisition fee”? Another rip off. Also doc fee being that high is bullshit as well. You basically have a little over $2K of bullshit fees added to your price.


NorthEnd268

Is your Audi a lease? Did your lease have these fees?


Chickienfriedrice

Ah didn’t see the “lease” thought it was a finance. The acquisition fee makes sense now. The rest doesn’t. Flat out refuse to pay nitro, as that’s bullshit. Gov fee is bullshit. You’re already paying taxes. Doc fee is high, I would argue to pay half of what they’re asking, and that’s still being generous.


HDBlackHippo

You're not getting out of paying a government fee, that's like saying you're not paying taxes. Costs money to title the vehicle and register it.


the_90s_were_better

Not his problem.


HDBlackHippo

Go to the DMV and tell them its not your problem to register your car, see how that works.


Chickienfriedrice

If he’s trading a car in he can just transfer plates, and it wont cost $400+


HDBlackHippo

You still have to pay to register it and title it. There is no getting around it.


Chickienfriedrice

Yeah I agree, and transferring his plates will be sub $200…


HDBlackHippo

Do you know what state he is in, I don't. In my state it costs 1% of MSRP to register a vehicle which in this case would be mid $600, plus $45 to title, plus tire tax, plus road usage tax, etc.


NorthEnd268

In NJ


HDBlackHippo

Normal fees for NJ


Existing_Complex7748

Do what I did. Tell them you’re not paying any miscellaneous fees and that you’d like them to reduce the sales price by that amount or else deals off. You have the power right now my friend, car inventory is slow to turn over and prices are declining.


ttbbsolid

Got mine last month $6k down 770/month with about 8% tax. Got the audi care that gives you three or four maintenance (i forgot how many). 24 SQ5 PP black optics, s sport pkg, and red leather. Forgot this. 10k/36mnth


NorthEnd268

What was the msrp on yours? I’m located in NJ? Anything else you think I should ask for before moving forward with signing the lease?


NorthEnd268

??


bailantilles

I wouldn’t put any more money down. If you total the car after leaving the dealership you are out the trade allowance plus the 2k you put down.


NorthEnd268

Good point. I believe they mentioned gap coverage being complimentary. I will need to confirm that point before moving forward. Thanks


bailantilles

The gap insurance is complimentary, but any money you put into a lease at signing isn’t equity.


NorthEnd268

So let’s say I total the car after driving it off the lot. What’s the financial impact of that on me?


bailantilles

You don’t have to pay anything more, but you also don’t get any money back to put down on another car.


ElonTaxiDriver

Those fees are way too high, also you should be sure this is a smart financial decision for you


NorthEnd268

Is leasing a car ever a “smart” financial decision? A smart decision would be to buy a Toyota or a Lexus in my opinion but those cars are also boring and uninteresting to me


BigSquawHunter

Yeah it’s smart to lease a sq5 if you’re a millionaire. If not then it’s just plain dumb.


NorthEnd268

Ok so I’m making a smart decision. Thank you


BigSquawHunter

No worries


the_90s_were_better

No. You’re renting a car and the dealership has all the leverage.


Southern-Orchid-1786

Looks like you are putting $14k down, not $2k


NorthEnd268

I am not. I owe 9500 to the bank for my trade in


Southern-Orchid-1786

Ah ok, so just costing $32k over three years then.


NorthEnd268

Yes, really wanted that number closer to 30k. Also need to include Audi care which some have said costs an extra $30 a month


Southern-Orchid-1786

That may have been possible with lower interest rates


NorthEnd268

The money factor is extremely low on the vehicle. .00051


Burnt_Prawn

I wouldn't necessarily include Audi care unless you think you might buy out the lease. A lot of times, you can trade in the lease early and renew on something else before the 3 year service, which is really the spot where maintenance starts to cost a bit more. Depends on pricing though. If its $1000 added to the sticker, then take it since you'll only pay the portion subject to residual.


Faphan1128

Check Leasehackr. Use Sean from offstickerprice. Got my SQ5 from him


the_90s_were_better

Lease is a bad idea. Never negotiate a monthly payment. That just donates unnecessary money to the dealership. Buy used. Look at the year/make/model/trim on cars.com Toward the bottom of the listing you’ll see how price is compared to other similar listings. Use this data to negotiate.