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You are in the Prices Paid - Buying & Leasing Experiences
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Audi Q5, Car Buying, Car Leasing, SUV
#118 of 947 Summer deal of Audi
May 28, 2009 (11:25 pm)
I am new to this leasing and would like to know if the following is a good deal.
I am not a numbers guy but trying to find out what all i have to look for a good lease deal.
The Summer of Audi Event - No Payments at Signing Now through July 6, 2009.
$0 Down payment
$0 1st month payment
$0 Security deposit (waived)
$0 Due at signing*
Now, for a limited time, Audi is offering exceptional leases through Audi Financial Services on nicely equipped 2009 Audi Q5 3.2 models for $569 per month for 36 months with $0 due at signing including the 1st month payment from Audi Financial Services. Examples exclude taxes, title, other options and dealer charges.
Or 2.9%** APR for 36 months on all 2009 Audi Q5 models.
These offers good through July 6, 2009 so hurry into your local Audi dealer today to take advantage of these special savings.
#119 of 947 Down Payment
May 29, 2009 (11:45 am)
Not sure if anyone has thought about the down payment in a much more broad sense. My suggestion is to not provide a dealership a down payment. Obviously you must consider what works best for you but logic says a down payment isn't the best option. Let's do some math:
- Dealer Quote
Get them to quote you both with a down payment and another without.
1. monthly quote w/o down - monthly quote w/ down = difference
2. difference x term = down payment (does it equal or does it not equal your down)
Most of the time it works in the dealerships favor. The amount of the down does not get applied 1:1 by lease end. Usually there is a couple hundred dollars difference that you could have had on the plus side and in your pocket. Sure, you could probably negotiate it so that it gets applied as logic would have it but there is another caveat.
You just gave up a substantial chunk of money (usually $2k or $3k). This is what I would do (and have done for my Q5):
Put the money you would have given them as a down payment and put it into a high interest savings account (such as ING Direct 1.5%). Each month just take the small difference out of the ING account and use it towards the higher monthly. You'll continue to earn interest on what would have been the down. By lease end you'll be out on top with a tank or two of gas. In addition, during the lease term that money can be used for other emergencies that may arise instead of tapping your other reserves.
In the end, it's all about squeezing every last penny in your favor.
#120 of 947 Q5 deal
May 29, 2009 (12:04 pm)
I don't have exact numbers in front of me but here are some key stats:
Ibis White w/ beige
Selling price: $43k (and change)
Monthly: $720 - 36/mos.
I may have been able to negotiate it down to $710-$715 (maybe even lower) but I still feel like I got a good deal. A great car buying experience and the Q5 is phenomenal.
#121 of 947 audi summer lease event in atlanta area
May 29, 2009 (2:10 pm)
For the Summer Audi Sales Event in the Atlanta District they have have the following lease until July 6th, 2009.
Basically it is a 36 month lease fora PremiumPlus at $599/month with 10K miles including destination charge MSRP $42,800 with a purchase option at end for $20,972. It also has a turn in charge of $350 if you decide to bring the car in at the end of the lease.
Considering that "PC23" above has a lease based on $43K and change for $720/month, this is a much better deal. One could probably get a $47,000 Q5 at around $725/month in the Atlanta district.
Q5 Example Lease:
(See your Audi dealer for lease terms on other models)
2009 Audi Q5 Premium Plus
$599* lease per month for 36 months with NO PAYMENTS AT SIGNING
Now through July 6, 2009
Down payment: $0
Refundable security deposit: $0
Acquisition fee: $0
First month's payment: $0
Amount due at lease inception: $0
Excludes taxes, title and dealer fees
*36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 7/6/2009. Rate based on $42,800 MSRP of a 2009 Audi Q5 3.2 Premium Plus (includes destination charge). Purchase option at lease end for $20,972.
Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end. See dealer for details.
#122 of 947 Re: Q5 deal [pc323]
May 29, 2009 (3:21 pm)
I should have specified that the "Selling price" does not include taxes, title, and doc fee. It is the agreed upon price not including the upgraded wheels and Audi Care which added an extra $5/month ( 36/months = $180).
The Atlanta deal sounds really good for those who can do without the Nav.
#123 of 947 Re: NYC Q5 [ipipip316]
May 30, 2009 (2:33 pm)
The 2010 models are identical to the 2009 models. I think there may be a few slight changes in options/packages. From what I understand, the model year was changed to keep in line with the model years of competitors.
#124 of 947 Audi Summer Sales Event
May 31, 2009 (2:22 pm)
The Atlanta area summer deal event seems to have a residual of 49%. The MSRP $42,800 X 0.49= $20,972, which is the price you can purchase the Q5 after the 3 year lease is done. The financed part if one takes the full MSRP $42,800 - $20,972 = $21,828, which is the amount depreciated and financed. $21,828 divided by 36 months = $606.333. Since I'm sure they aren't financing at less than 0%, it is likely the sales price of the vehicle is at least $1,000 less then the MSRP.
#125 of 947 To car man: current Q5 money factor and residual value?
Jun 03, 2009 (2:23 pm)
Hello car man,
Could you please let me know the current money factor and residual value for Q5 Premium and Premium Plus available for June (the Summer Event), 10k or 12k miles/yr, if you have the information? I am in CT, if they vary by region. Thanks in advance.
#126 of 947 Re: Summer deal of Audi [rafisy]
Jun 04, 2009 (7:41 pm)
Can you give more specifics please. How much and what were the options?
#127 of 947 Q5 lease-best lease for june?
Jun 04, 2009 (7:50 pm)
I am looking at the Q5 premium with heated seats, sun roof, homelink, symphony radio 12,000mi/yr, 6.5 % tax 3 years no money down. How much is the best lease out there?
Currently live in Ohio.
Also, would prefer the latest unit with the softer A4-steering. Also would consider a premium plus.