S6 Lease Term Question
11-08-2013, 10:21 AM
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S6 Lease Term Question
Hello! I've been lurking here for a while and this is my first post. Sorry if it's not in the right section of the forum.
I've decided to go with a 2014 S6. For business reasons I'm going to lease rather than buy. I've been a BMW guy forever and don't have a relationship with the local Audi dealer. I recently received a lease quote from the Audi dealer and the money factor seems high at .00260
Here is what I've been initially quoted:
36 months
15k/yr
$75295 Cap Cost (this is basically MSRP, I haven't negotiated it yet)
$37647 Residual (50%)
.00260 Money Factor
I have excellent credit. Is that money factor too high? It sure seems like it is.
I've decided to go with a 2014 S6. For business reasons I'm going to lease rather than buy. I've been a BMW guy forever and don't have a relationship with the local Audi dealer. I recently received a lease quote from the Audi dealer and the money factor seems high at .00260
Here is what I've been initially quoted:
36 months
15k/yr
$75295 Cap Cost (this is basically MSRP, I haven't negotiated it yet)
$37647 Residual (50%)
.00260 Money Factor
I have excellent credit. Is that money factor too high? It sure seems like it is.
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