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Audi Q5 Lease Questions

237 messages,  Last post on Dec 04, 2009 at 10:03 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Audi Q5, Car Buying, Car Leasing, SUV


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#187 of 237
Re: where are the Q5's? [womble] by myleaseisup
Sep 09, 2009 (3:10 pm)
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Replying to: womble (Sep 09, 2009 1:09 pm)

I ordered a 2010 back in June and it's finally at port as of yesterday. Going to take delivery in 14-21 days. I ordered a premium plus, meteor grey with cinnamon interior, and 19" wheels. I haven't had much luck negotiating a super deal on this vehicle because of the demand and lack of inventory. The last quote I got was $3500 down, 15K per year, and a payment of around $675 per month. 36 month lease.
#188 of 237
Re: Car man lease questions 2010 Q5 [tsol] by Car_man HOST
Sep 11, 2009 (2:10 am)
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Replying to: tsol (Aug 29, 2009 8:15 pm)

Hi tsol. Here's the info that you requested. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 Q5 3.2 Premium Plus with 12,000 miles per year are .00108 and 50%, respectively. If you were to lease this truck with only 10,000 miles per year, its residual value would be 1% higher.
 
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#189 of 237
Re: General Leasing Questions [telebump] by Car_man HOST
Sep 11, 2009 (2:27 am)
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Replying to: telebump (Sep 02, 2009 6:57 am)

Hi telebump. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
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
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Prices Paid: Buying & Leasing Experiences Forum
#190 of 237
Re: september lease info [womble] by Car_man HOST
Sep 11, 2009 (2:48 am)
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Replying to: womble (Sep 02, 2009 10:58 am)

Hi womble. Here you go. Audi Financial Services' current buy rate lease money factor and residual value for a 2010 Q5 3.2 Premium Plus with 12,000 miles per year are .00108 and 50%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#191 of 237
Q5 Lease Offer by audimanhouston
Sep 18, 2009 (7:44 pm)
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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.
#192 of 237
Lease Q5- by xmona
Sep 18, 2009 (8:03 pm)
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Just came back from a Audi dealer & gave me the following
  
2010 Q5 36 month/10 miles
Premium pkg
Panorama sunroof
music interface
Rear side airbags
Heated front seats
Bluetooth
  
gave me $4000 dn. incl tax,sec,1 month & fee
36/$575
  
Is this a good deal?
#193 of 237
Re: Q5 Lease Offer [audimanhouston] by Car_man HOST
Sep 25, 2009 (2:23 am)
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Replying to: audimanhouston (Sep 18, 2009 7:44 pm)

You're welcome audimanhouston. The 2010 Q5 Premium Plus that you mentioned probably has a spread of around $2,800 between its full MSRP and its dealer invoice price. I wouldn't be surprised if you were able to do better than a $1,250 dealer discount on this truck. Aim for another $500 to $1,000 off on top of that ($1,750 - $2,250 discount) and see what happens. The worst a dealer can do is say no.
 
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Prices Paid: Buying & Leasing Experiences Forum
#194 of 237
Re: september lease info [Car_man] by njandy
Sep 29, 2009 (1:23 pm)
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Replying to: Car_man (Sep 11, 2009 2:48 am)

Car_man
 
I was just quoted for a premium plus with mmi 12K lease a money rate of .00125. I am in the audi supplier progam so the price was not negotiable (under invoice). Why would my rate be different? My credit is excellent but my $ due at signing seems to be below what people are posting.
 
Thanks,
 
Andy
#195 of 237
Multiple Security Deposit by nomatter
Oct 02, 2009 (11:22 am)
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Does anyone know if Audi program allows multiple security deposits? If so, by how much each reduce the money factor? Thanks.
#196 of 237
Re: september lease info [njandy] by Car_man HOST
Oct 06, 2009 (2:03 am)
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Replying to: njandy (Sep 29, 2009 1:23 pm)

Hey Andy. I'm not sure why the dealer quoted you a slightly different money factor for the car that you're interested in. The .00108 factor that I mentioned earlier was definitely correct and it is still available. It's not a huge difference, but it's worth asking the dealer about.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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