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Prices Paid: Buying & Leasing Experiences Audi Q5 Lease Questions
228 messages, Last post on Nov 23, 2009 at 3:20 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Sorry - some newbie questions here on leasing. I've got a 2010 Q5 on order with my dealer with delivery expected in a few weeks. I've always been a buy and hold kind of car buyer, but am now more inclined to keep a car a few years and then trade in to get the newer, better technology that will inevitably come with time. I've never leased a car before but am thinking that may be a better option for me now. My questions are: 1. Does the dealer care if I am leasing or buying? In other words I was planning on buying but if I move to lease will they care? 2. I have a trade in with blue book of about 8K. How are trade-ins factored in, or do you not do a trade in with a new lease? 3. What is "residual" and "MF"? Thanks for all the info.
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Hi Car Man, yes, can we please have the money factor and residuals for the Q5, premium plus with nav. 36 months, 12,000. Thank you!
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| Can you provide September terms for a 2010 Q5 Premium Plus -- 36 months, 15k/year? Also, does Audi have a MSD program similar to BMW? Thanks! | |
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Replying to: number1leasing (May 06, 2009 7:07 am) Thanks. |
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where are the 2010s? I am looking for a silver with black interior and there appears to be one in the whole of southern california. Seems the cars are selling/leasing just a little under msrp.... I am in the market for one now, or in the next few weeks. any advice?
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Replying to: womble (Sep 09, 2009 1:09 pm)
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Replying to: tsol (Aug 29, 2009 8:15 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: telebump (Sep 02, 2009 6:57 am) In answer to your specific questions, no the dealer does not really care whether you are leasing your new vehicle or paying cash for it. You should be able to negotiate an attractive selling price on any sort of deal. The only difference is that Audi may have some cash incentives that are not compatible with its special lease program. You can trade in your current vehicle when you lease a new one. However, since it is never a good idea to make a large down payment when leasing, you would be better off having the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a capitalized cost reduction for your lease. The articles that I linked above will explain what residuals and money factors are for, but in short monthly lease payments are made up of two parts, interest and depreciation. A vehicle's residual value is used to calculate the depreciation portion of a lease. The money factor is used to calculate the interest portion. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: womble (Sep 02, 2009 10:58 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Hey Carman, Below is the advertised lease offer on a premium plus Q5. Tried to back out the numbers and with 0.00108 MF and 51% residual it looks like audi took $1250 off MSRP of $42,225. I will need to do 12K miles instead of 10K so I took residual down to 50% and the payment is about 12 dollars higher. How much better you think we can do here? Thanks for the advice on the Ford BTW, you were right on no lease there. Looks like father in law will go with the Tundra 2010 Audi Q5 Premium Plus $549* lease per month for 36 months Now through November 2, 2009 Down payment: $1,999 Refundable security deposit: $550 Acquisition fee: $625 First month's payment: $549 Amount due at lease inception: $3,724 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 11/2/2009. Rate based on $42,225 MSRP of 2010 Audi Q5 Premium Plus (includes destination charge). Purchase option at lease end for $21,535. 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.
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