Last post on Dec 05, 2013 at 8:16 PM
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Audi Q5, Car Buying, Car Leasing, SUV
#878 of 1112 Q5 Lease & Acura RDX Trade-In
Feb 12, 2013 (8:50 pm)
So I have been reading through this forum and everybody seems to be VERY knowledgeable on these topics. I have kind of an intricate situation that I was looking for advice/opinions on.
I have a 2010 Acura RDX that is leased and the 36 month lease is coming to an end. I paid for 12,000 miles a year and am below my mileage by quite a bit. I have about 28,500 miles on the vehicle which is 7,500 miles below my lease. Of course I want to use this to my advantage rather than giving the vehicle back. The car is in 100% perfect mechanical condition and it has a few small wear and tear scratches/nicks in the paint but nothing major. NADA and KBB both have the Very Good trade-in value at $23,600 and I can buy the car out for $21,643, which includes sales tax. Without tax, I calculate the buyout at $20,227. Audi offered to buy the RDX and use the equity towards my Q5 lease. This sounds great, however, they estimated the equity at $1,500. I calculate the equity at $3,373 (The KBB trade-in value minus the tax-free buyout price). Is expecting to get the entire $3,373 equity toward my new lease something reasonable of me to expect?
Second, I am looking to lease a Q5 2.0T Premium Plus with the Glacier Metallic paint. The MSRP is $41,570 and Invoice is $38,725. Should I be happy if I can get them to offer about $1000 over Invoice? Also, from the forum I have read the residual is 56% and the MMF is .00141, are these figures correct? I am hoping to have payments right around $500/month (everything included) by putting zero down and using the equity from my RDX.
Thank you in advance for all your help. I have made poor decisions on leases in the past and hope to get a fair deal this time around.
#879 of 1112 Re: Q5 Lease & Acura RDX Trade-In [imjuspiayin]
by kyfdx@Edmunds HOST
Feb 13, 2013 (4:36 am)
Dealers use Manheim auction reports to base trade-in offers, which may (usually) vary from KBB... Plus, just like you are trying to buy their car for as little as possible, they want to spend less on yours..
Want to know the approximate auction value for your car?
Post the details here: Real-World Trade-In Values
Feb 13, 2013 (10:32 am)
car_man & kyfdx,
Need some info - can you give me the MF and residual for the vehicle below?
I am looking at a 3 yr 36k lease on a 2.0 Q5 Premium. The only upgrades on the unit I want are the metallic paint, lighting package and heated front seats.
Also - do you know what MSRP is for the Audi Care? As far as I can tell, it is basically 3-4 oil changes and some "inspections" that they typically do when the car is in for service and I am trying to find out if it is overpriced.
Lastly, are there any special incentives on the Q5 other than what is posted on Edmunds?
Thanks for your help,
#881 of 1112 Re: Basic Q5 [albert72]
Feb 14, 2013 (7:42 am)
I would go for audi care as it increases the residual value by 1%. On a 3 year lease, you will need only 3 scheduled maitenances for this SUV. It does not cover brakes or tires.
#882 of 1112 Re: Basic Q5 [mlevine]
Feb 15, 2013 (6:36 am)
Thanks. I did a bit of research. Looks like it covers 15k, 25k, 35k & 45k service. At 35k, they change the spark plugs and some other stuff. Interesting that they push it for people who are getting 3yr 36k leases as the 35k service basically preps the car for when it goes off lease and is sold so in some respects, I am absorbing the cost of Audi certifying the car.
Dealer quoted me an additional $300 for Audi Car spread out over the life of the lease so it is not unreasonable. I think at 2 years it covers brake fluid. Also, in the past, the 4 cyl engines had sludge problems for a variety of reasons not the least of which was owners not following oil change protocol.
#883 of 1112 Re: Basic Q5 [albert72]
Feb 15, 2013 (12:23 pm)
At $300 its worth it, plus the extra increase of the residual by 1%. I would check the price of the 3 services needed. Will be much more than audi care costs. I also believe it may not cover tire rotations, but I recommend you go to a tire place for this anyway.
#884 of 1112 Q5 2.0T Lease "Special" - is this a good number?
Feb 17, 2013 (11:09 am)
My local dealer in Long Beach, CA offered a "special" lease with the following:
2013 Q5 2.0T Premium
- No security deposit required
- $3,999 down, 1st payment, tax, & fees due at signing
- 10,000 miles/year
- 42 months
Must qualify for Audi Loyalty Incentive. $0.25/mile for every mile over 10,000 miles.
I am approved for Audi FS top-tier credit.
Feb 21, 2013 (7:15 am)
So I gave a check for $1500 after reaching a deal on a Q5. The exact vehicle was to be shipped from about 3 hours away and I would have it within a week. The next day the dealership called me and told me the car we had discussed was actually already sold. Shouldn't they have known this prior to taking my deposit and having me sign papers? The entire thing now seems shady and it's as if they just wanted my signature and deposit and would find the car later. Now they are saying there is one on a boat and it could be 10 days or maybe a month. This does not work for me. Am I able to get my $1500 deposit back since our original agreement terms have changed? I simply do not want to work with this dealership and want out of the deal. Thanks!
Feb 21, 2013 (5:02 pm)
Hi albert72. Audi Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 2.0 Premium with 12,000 miles per year are .00141 and 55% for consumers who qualify for its top credit tier.
I believe that the MSRP of Audi Care is $740. Ir provides service at 15,000, 25,000, 35,000 and 45,000 mile intervals. That's $185 per service, which seems fairly expensive to me for a leased vehicle where I personally would only change the oil and rotate the tires.
There is a $1,000 owner loyalty cash incentive on leases of this truck. That's the only cash that I'm aware of.
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