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Audi Q5, Car Buying, Car Leasing, SUV
#634 of 1112 Newbie questions on Q5 lease
Nov 25, 2011 (11:15 am)
I'm new to leasing cars and am looking to lease our first car in December 2011.
We live in the NYC metro area (plenty of dealers to choose from!) and have zeroed in on a 2012 Model Year Audi Q5 2.0T Premium Plus, which will likely have an MSRP of approx. $42,000 based on the options we'd like.
Two questions -
1. We are looking for a 36 month 10,000 or 12,000 mile lease. What would be a good discount, money factor, and residual value to be quoted for a December 2011 purchase (of dealer inventory, not ordered car)? FICO in high 700s. What are the additional taxes and dues beyond what the dealer will quote? I take it that we will have to pay NY sales taxes on monthly lease payments? I'm tring to get a full picture of one time / month cash outflows.
2. My employer qualifies for the Audi Supplier Discount Program of 6% on MSRP (ex. destination charge). Does anyone know if I'd be able to negotiate additional discounts with the dealer (from the dealer's margin)? I assume that the 6% Supplier Discount is reimbursed by the manufacturer to the dealer so I should be able to negotiate further discounts. Is that right?
#635 of 1112 Re: the process of buying / leasing a vehicle sucks [nilesd]
Nov 26, 2011 (3:12 pm)
I experience this most every time I go to purchase a vehicle. And between my wife and I it's easily every 2-3 years.
I chalk this up to customers being better educated. The practice probably hasn't changed much since cars have been sold. Selling cars from what what I see in wanted ads doesn't require a college degree or experience of any kind and thus these are the results.
Find the car you want and search dealers in a specific radius, say 50 miles or so (I've gone out further), you'll find a good dealer with good people that will respect your time and theirs.
#636 of 1112 Q5 2.0 36 month lease
Dec 03, 2011 (1:36 am)
Carman, I'd really appreciate if you could evaluate what a local dealer quoted me:
Q5 2.0 with premium plus and nav, 36 month lease, 10k miles, MSRP of 44,590, negotiated price of 43,276 (invoice was $42,276.66). + Audi care, nothing down, but the acquisition fee is put on the loan, MF of .00157, residual 56%, the monthly payment is $717, which includes tax (which is 8.75 in my state). Is that a good deal? Thanks!
#637 of 1112 Re: November MFs and Residuals [Car_man]
Dec 04, 2011 (6:29 am)
What is the November 2011 Audi MF and residual for a 2012 Q5 2.0 premium plus with navigation and 19" wheels - 12k miles/year for 36 months? Thanks in advance.
#638 of 1112 Re: Q5 2.0 36 month lease [arund]
Dec 04, 2011 (3:32 pm)
Hi arund. The money factor that you were quoted is right on line with AFS' buy rate for it. That is obviously a good sign. A selling price of $100 over invoice is very attractive as well. While a payment of $717 isn't a great payment for a lease on an SUV, this is a good deal on this particular vehicle.
Prices Paid: Buying & Leasing Experiences Forum
#639 of 1112 Re: November MFs and Residuals [smyer]
Dec 04, 2011 (3:36 pm)
Here's the information that you're looking for, smyer. Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 Q5 2.0 Premium Plus with 12,000 miles per year are .00157 and 54%, respectively for consumers who qualify for its top credit tier.
Prices Paid: Buying & Leasing Experiences Forum
Dec 05, 2011 (6:00 pm)
I am getting Audi Q5 PP + NAV for $43775. The dealer is quoting me $1500 discount. Is this a good discount. What will be my lease price? I live in Illinois.
#641 of 1112 Re: Q5 2.0 36 month lease [Car_man]
Dec 06, 2011 (11:53 am)
Thanks Car_man! The selling price was actually $1000 over invoice (and about $1000 below MSRP), not $100. Do you still consider it a good deal? And, are you saying that, in general, SUVs are not worth such a high monthly payment, but with specific regard to the Audi Q5, it is worth it? Thanks!
#642 of 1112 Re: Q5 2.0 36 month lease [arund]
Dec 07, 2011 (5:05 pm)
$1,000 over invoice is a good deal. Not the best out there but damn good considering the limited supply. I dont believe the $717 makes sense tho. How much are you giving them due at signing? To be more clear what is the amount of cash/check you will give them when you pick up the car, which includes first month payment (which audi is paying for in december)?
#643 of 1112 Re: Q5 2.0 36 month lease [audisalesman1]
Dec 07, 2011 (5:16 pm)
$1150 up front, which includes the first payment and registration. So basically nothing down (which is a no brainer on leases right?). I believe Audi is only paying for the first month on A4s, A6s and A8s. $717 includes tax (which is 8.5% for me). Does $717 still sound off?