Ask the Car People.SM


Audi Q5 Lease Questions

949 messages,  Last post on May 20, 2013 at 3:16 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 67 of 95

#659 of 949 Audi leases not as bad a deal as you may think ... by tsol

Jan 19, 2012 (6:35 am)

An interesting aside to those looking at the relatively "poor" lease deals from Audi. We have owned seven Audis and leased several, the last being a loaded 2010 Q5 Prestige. We paid around $710 a month with zero down with cost about $400 over invoice. In our state sales tax is collected up front becoming part of the cap cost of the vehicle so no add'l sales taxes included in that payment.
 
What I find interesting is the last two leases have traded with very positive cash going toward the down payment on a new car. We just purchased a new 2012 Q5 that we ordered three months ago and paid $500 over invoice which included Audicare, taking advantage of the 1.9% financing from AFS. The 2010 Q5 had over $6k "equity" that I used toward the purchase of the new Q5. This effectively lowered our 29 month lease payment (we traded 7 months early!) to about $500/mo. The point being, the trade/resale value on a nice, clean, 12k miles/yr. Q5 is very high right now. A similar situation occurred when we traded a leased allroad back in 2006. No guarantees of course and to some this will seem like to much of a gamble, but has worked for us so far. Something to consider though I'd recommend buying an Audi over leasing in general.

#660 of 949 Re: Money Factor [asteinberg] by Car_man HOST

Jan 24, 2012 (7:14 pm)

Replying to: asteinberg (Jan 09, 2012 10:43 pm)
Hi asteinberg. This month it's tough because the awesome dealers aren't out there like they were in December. The BMW X3 and potentially even the X5 were better deals than the Q5 last month. They're still pretty close. The Acura MDX and RDX are likely cheaper as well. So is the Cadillac SRX and probably the Lexus RX 350, Lincoln MKX, & Mercedes-Benz GLK350.
 
The 2011 ML was a better deal, but certainly not the redesigned 2012 model. It's really expensive right now.
 
There's a ton of really nicely appointed SUVs out there that just don't have the "luxury" nameplates as well.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#661 of 949 Re: Money Factor [hakinet] by Car_man HOST

Jan 24, 2012 (7:17 pm)

Replying to: hakinet (Jan 12, 2012 6:17 pm)
Here you go hakinet. Audi Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2012 Q5 2.0T Premium Plus with 15,000 miles per year are .00155 and 51%, respectively for consumers who qualify for its top credit tier.
 
I suspect that the pricing for the Audi Supplier Purchase Program is 6% of of the vehicle's MSRP, including the destination charge and any factory-installed options, but I haven't looked into the program specifically.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#662 of 949 Re: 2012 Audi Q5 in Texas [oldfatslow] by Car_man HOST

Jan 24, 2012 (7:19 pm)

Replying to: oldfatslow (Jan 19, 2012 6:08 am)
HA, I love the username, oldfatslow. You're right, the money factor that you were quoted is way too high. Audi Financial Services' current buy rate for a 2012 Q5 2.0T is .00155 for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#663 of 949 Re: Money Factor [Car_man] by oldfatslow

Jan 25, 2012 (12:20 pm)

Replying to: Car_man (Jan 24, 2012 7:17 pm)
The way the supplier program was explained to me (and on the FAQ on the website) you simply take MRSP minus destination and mulitply by 6%. You then subtract that amount from the MSRP and you are good to go.

#664 of 949 Audi Q5 3.2 Premium Plus Lease by mineshg

Feb 06, 2012 (10:26 pm)

Hello,
 
I am new to leasing a car and this is my first time.. I really like the Audi Q5 and i live in Chicago where the taxes are pretty high. The tax is 9.75% and i have to pay taxes on the entire amount of the car. I got some quotes from a couple of dealers which I feel are ridiculous. For a Q5 3.2 Premium Plus with Navigation, 12,000 miles for 39 months with $5000 down, they are quoting me $700/month which I feel is too high. The MSRP of the car is around $46,500. After this the residual which they are claiming on the car is 53%. What would be the monthly cost which I should consider as a good deal for the above configuration of the car?? Also these dealers claim that they cannot negotiate anything on their offers since there are no Q5's in the market and there is a wait time of at least 1 month. Please advice.

#665 of 949 first time leasing help by hannasmomjo

Feb 10, 2012 (10:51 am)

Hi and thanks in advance. I am looking at one of the top 6 luxury crossovers to lease. Audi caught my attention. I read not to tell dealers I am leasing but to get a buy price. How does one negotiate a lease price. I am great at doing so for purchases. I don't unerstand, carman, the numbers and %I you have put out. Perhaps if I tell you my budget is 500/mo and though hubby would prefer 0the down, there wont be a car in this category for that. So let's say I put 5,000 down on the Audi Q5 premium, what would a dealer tell me and what would I expext to negotate to?
 
By the way I am in MA and am looking also at bmw X3 and the. Mercedes. Whichever one is iin the same range.

#666 of 949 Re: first time leasing help [hannasmomjo] by Car_man HOST

Feb 15, 2012 (5:44 pm)

Replying to: hannasmomjo (Feb 10, 2012 10:51 am)
Hi hannasmomjo. It sounds as though you are new to leasing. If so, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
As far as your down payment goes, you definitely should not put $5,000 down on a leased vehicle. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen or never recovered. Even though it means that your monthly payment will be a little higher it is much safer to go with a zero down lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#667 of 949 Re: first time leasing help [Car_man] by radoncgs

Feb 15, 2012 (8:48 pm)

Replying to: Car_man (Feb 15, 2012 5:44 pm)
Hi, Car_man, what should one do when leasing a new car but at the same time you have a trade-in? I assume one can just get the agreed trade-in value from the dealer but not put it as a down payment. Thanks.

#668 of 949 Audit 2.0T Residual Value/MF by westside4

Feb 15, 2012 (11:17 pm)

Hi Car Man,
 
What is the up-to-date Audi 2.0T adn 2.0T Premium Plus Q5 residual value and money factor? Please assume 10,000 miles; 36 months lease.
 
Also, is the Q5 particularly expensive (residual value, Money factor and even interest financing rates offered)? It appears that is particularly expensive relative to the X5 and the Mercedez ML.
 
Lastly, I have spoken to a car broker who tried to indicate that Edmunds pricing model wasn't accurate and led me to a pricing model on Overstock (yes, of all places) was more accurate for this particular car.
 
Thanks for your insight.
 
Thanks!

Messages Page 67 of 95

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement