Audi Q5 Lease Questions

we were at an audi dealership friday and they were pushing the new incnetives for the q5Premium. $499mo. for 36mos 10K miles per year. This was the ballon with none of the upfront or turn in lease costs.
I believe the premium plus was about $569 for the same term.
I asked them several times about leasing and they never really answered my question. Oh yeah, we still do leasing but it seemed like from what i could determin it was higher.
I think they were using 50% as a residual on the 36month 10K ballon deals.

#5 of 949 $589 PER MONTH by oceanman2

Mar 20, 2009 (4:37 pm)

Black, Premium plus with Nav, 36 month lease, 15k miles per year, $3,300 total up front out of pocket, including first month's payment, title, tax, etc. etc. in NJ, $589 per month. Don't know if I did well or not, but about the same as an MDX or Infiniti FX 35 w.o nav. Just thought car was perfect size, and I can put a trailer hitch on it after market.

Replies to this message:

clams (Mar 21, 2009 1:35 pm)
myleaseisup (Apr 20, 2009 10:29 pm)
- sanana (Apr 22, 2009 12:13 am)
  - myleaseisup (Apr 22, 2009 12:22 am) and 1 more...

#6 of 949 Re: $589 PER MONTH [oceanman2] by clams

Mar 21, 2009 (1:35 pm)

Replying to: oceanman2 (Mar 20, 2009 4:37 pm)

Oceanman2, what dealer in NJ has this deal? What selling price and residual value did you get?

#7 of 949 Test Drive and Lease quote by ny_matt

Mar 21, 2009 (1:49 pm)

Drove the Q5 and A4 today at a dealer in SW CT...came away loving the Q5. Drove the prestige trim line Q5 but am considering either premium with a few add-ons or premium plus. Lease quote I received:

MSRP 42325 (Prem Plus W/AMI, I think...we used a car from inventory for the quote)
Cap Cost 40785 (salesman stated it is $1000 over invoice and he has some room to move when I am ready...for an off the cuff invoice price he takes 6% of MSRP and subtracts from MSRP)
Resid: 50%
MF: .00022
$625 cap cost reduction (bank fee?)
Audi Care $750, built into the monthly payment
Quoted 579.42/mo, which is $20 more a month than I calculated it should be, but then adding in the Audi care at $750/36 it comes out right...

Up front costs
First Month payment 579.49
DMV fees 185
DOC fees 399
Tax on cap reduction 52
Upfront taxes 1746
Bank fee 625
total up front 3587

These forums have been extremely useful to me over the years...hope others find this useful...

Replies to this message:

Car_man (Mar 27, 2009 3:07 am)
- clams (Mar 27, 2009 1:19 pm)
  - thollywood (Mar 28, 2009 5:52 pm) and 6 more...
  - reddingrooster (Mar 31, 2009 4:45 pm)
  - reddingrooster (Mar 31, 2009 4:52 pm) and 3 more...
  - ipipip316 (May 18, 2009 8:21 pm) and 1 more...
reddingrooster (Mar 31, 2009 4:44 pm)

#8 of 949 by oceanman2

Mar 21, 2009 (2:08 pm)

I think my Cap cost was $41,894, but with tax, Gross cap cost $43,434. My buyout at end of lease I think is

$21,300. Leased car from jack Daniels in Fair Lawn. I just looked at total up front out of pocket and monthly nut, not good with the other stuff, not a numbers guys. I hope to be able to put a trailer hitch on this car, have to see if that is possible from Uhaul or Pepboys. But now my "check engine" light is on - weird.

Replies to this message:

clams (Mar 22, 2009 4:09 am)
edwyun (Mar 26, 2009 7:52 am)

#9 of 949 Re: [oceanman2] by clams

Mar 22, 2009 (4:09 am)

Replying to: oceanman2 (Mar 21, 2009 2:08 pm)

The invoice on a Prem Plus with nav is $ 42,210 if your cost was $ 41,894 you bought below invoice. I have not heard of any other deals like that.

#10 of 949 Re: [oceanman2] by edwyun

Mar 26, 2009 (7:52 am)

Replying to: oceanman2 (Mar 21, 2009 2:08 pm)

"I hope to be able to put a trailer hitch on this car"

Oceanman2. Does Audi have an OE hitch available? I am also considering the Q5 but definitely need a hitch. One that's integrated into the rear/bumper would be preferable for me than an aftermarket add-on that hangs below.

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