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Audi Q5 Lease Questions

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  • When I run the numbers, I get around $665/month based on the criteria you have provided. Not sure what the 1999 up front is for if you are rolling the taxes into the payment? First month payment plus something else? Is part of that money going towards reducing the cap cost? The money factor seems padded as well - 4.5%, seems high for this vehicle (think it is around 3.9% right now). The dealer is definitely hiding some fees in the monthly payment. Would get a complete breakout of all the numbers and re-nogiate the money factor. The actual price of the Q5 does not seem that bad (would never pay more than $500 over invoice).
  • Thanks a lot for reply eoghan27 :)
    Here is the breakdown I got,
    cap cost - 46743+695(acq)+80(doc)+414(lic) +437.75(cap fees) = 47261
    down = 1510 (755.67(1st month) + 754.94(???)

    Residual - 0.55
    rate/money factor = 1.9

    The monthly payment now has gone up to $755.67(w/ tax)

    What do you think?
  • Seems about right for 36 months - would definitely be in the mid -700s a month. Good luck - the Q5 3.0 is a great vehicle!
  • Thanks again eoghan27.

    How do these numbers look for a 2013 q5 2.0T premium plus + Nav + B&O + Rear entertainment+ sport interior+audi adv key = $50,570 (MSRP)
    $2000 drive off(dmv+fees+1st month)
    $652+tax

    still waiting for the MF and Residual.
  • The MF and residual on the above mention deal is
    MF = 0.00141
    Residual = 55
    selling price - $47535
  • The MF being 3.38% is definitely better than the 3.0T - most of the dealers have over stock of the 2.0T and limited quantities of the 3.0T - would see if you could get invoice price for the 2.0T. Not sure what is all in the 2K up front, seems high. Also, if you are a repeat Audi customer, you can get loyalty money which is what I will typically use as my down to cover all the fees which makes the deal a 0 down drive off. Not sure if the residual of 55% already includes AudiCare or not, but you should look at that - adds 1% to the residual which will just about absorb the additional cost of that service.
  • Hi Car Man

    I am a first time leaser and my first Audi. Had BMW, Benz, Caddy but never an Audi- i feel like im getting jipped. MSRP is $45,195 for the Audi Q5 2.0 prem plus I was told today 6000 down 36mos lease of $659.55 monthly payment. Can you tell me or help me with numbers. What should I get it for/ask for? I live in Seattle, WA
  • You are totally getting jipped. I got a quote on the exact car, 12K miles per year, NY registered for $663/month, but with only $1800 out of pocket (bank fee, first month and tags). This payment includes NY taxes rolled into the payments. The dealer gave me the car at invoice. Does not sound like your dealer is discounting the car at all.

    Hope this helps.
  • Hi jnew00. AFS' 10,000 mile per year residual values are 3% higher than its 15,000 mile per year residuals.

    Audi Care does indeed add 1%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome joline0727. Since you are new to leasing, 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.

    $6,000 is way too much money to put down on a leased vehicle. I always advise consumers to make no capitalized cost reduction when leasing. I do so because consumers who make large down payments on leases risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it's much safer to go with a zero down lease.

    Shoot for a selling price that's as close to dealer invoice as possible and make sure that the dealer uses Audi Financial Services' buy rate lease money factor of .00141 (top credit tier) to calculate your payment.

    Good luck and let us know if you have any other questions.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you so much for your response! This really helps. As mentioned before I am new to this and not sure how to handle the situation. How would you recommend I get my dealer to give me what I want/ what you have suggested.

    The Audi dealer I am working with claims that asking for a sale price of 43000 for a 46000 car is below invoice. BMW has recently quoted me a residual of 57% and MF of .00130 and I was using that as a base and asked Audi to do the same. He replied that the requested residual is low and the money factor is below buy rate. He also mentioned that discounts on the Q5 typically dont happen as the demand is higher than the supply and if and when they do its usually hundreds not thousands.

    Any suggestions? Thank you all in advance!
  • Picked up my new 2013 Audi Q5 last week, just wanted to share my deal:

    2013 Audi Q5 3.0 Premium Plus
    MMI Navigation Plus
    S Line package
    Sport Interior
    B&O
    Sale Price: $49,587
    Audi Care $800
    Wear and Tear $743
    Registration $425
    Doc Fee $350
    Disp Fee $350
    NJ Tax 7%
    42month with 10,000 miles/year
    MF=0.00163
    Residual Value=51%
    Money Upfront $4,000
    Monthly payment $650
    The dealer threw in genuine Q5 rubber mats and bike racks for free, and offered lifetime free oil change.

    Big thanks to Car_man and everyone posting suggestions on the forum, when I asked the dealer about MF and residual value they were the same numbers Car_man provided.
  • hit22hit22 Posts: 5
    Went to Audi dealer and got this deal from the grand wizard:
    Metallic Paint
    Audi Advanced Key

    10k
    36 months
    56 residual
    .0014 money factor
    $3,000 down

    $475 per month

    Do you think this is a good deal or keep negotiating?
  • I'm glad that I was able to help you out, joline0727. Ideally you are in an area that has a couple of Audi dealers. The increased competition usually leads to better prices.

    A discount of $3,000 probably puts you at right around dealer invoice. You can look up the exact invoice price of the truck that you want by clicking on the following link: 2013 Audi Q5 Pricing. Shoot for a selling price that's as close to dealer invoice as possible, going to multiple dealers if you have the time and have to to get a good deal.

    What the dealer is telling you about the Q5 pricing may indeed be true. I have not looked into the pricing for this model in a little while, but the late time I did supply was fairly low and as a result the discounts that dealers were willing to provide on them weren't great. In fact, I'd go as far as to say that if you want to get a good deal on a leased vehicle, the Audi Q5 probably is not the way to go. If you just really like the Q5 and want one regardless of whether it's the best deal, that's a different story.

    Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 2.0 Premium Plus with 15,000 miles per year are .00141 and 53% assuming that you qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi - my wife and I are looking at a Q5 2.0 Premium Plus to lease through Audit Financial and only need 10,000 miles a year. I spec'ed out my vehicle pricing on Edmunds.com True Market Pricing and Invoice comes to $39,936 and MSRP is $42,870

    What is best monthly payment I can get on this combo? And can you provide the money factor and residual. Want to put down as little money as possible since it's a lease and I'm just renting the vehicle.

    Troy
  • Hi Troy. Audi Financial Services' February buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 2.0 Premium Plus with 10,000 miles per year are .00141 and 56% for consumers who qualify for its top credit tier.

    Using these numbers, an MSRP of $42,870 and a selling price of $1,000 over invoice, or $40,936, I estimate that this truck would have a zero down, pre-tax monthly payment of around $562.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,

    Thanks for all the helpful info here - much appreciated! I just wanted to run this lease deal by you before I pull the trigger over the next few days...making sure I'm not missing anything ;)

    2013 Q5 3.0T Premium+, S-Line, Sport Int., MMI/Nav, B&O, Winter mats & Trunk Liner, Audi Care

    MSRP: $52,970
    Selling Price: $50,091
    Audi Care: $820
    PA Tax: 6%
    36 Months @ 15,000 miles/year
    MF: 0.00143
    Residual Value: 54%
    Money Upfront: $7468 (6000 down, plus 1st payment, taxes and fees)
    Audi Loyalty: -$1000
    Monthly payment $583

    I know very well that I am putting more down than most would choose to (and what I've seen you recommend against), but I just want to keep the monthly payment low. Also, the out of pocket money comes almost entirely from positive equity in my trade which I own outright - 2009 Q5 Prestige S-Line (bought out from a previous lease @ 21,900). Dealer is offering $29,000 on trade, so I have $7100 in equity to into new lease.

    Eager to hear your thoughts (or anyone else's) on this deal before I pull the trigger in a few days.

    Thanks in advance!
  • Hi,
    Just starting to shop for a Q5, have crunched some numbers with the current advertised 36 month 10K miles lease deal in San Francisco Bay area for a 2013 AUDI Q5

    MSRP $40495
    Includes: Premium Package, Convenience Package, Panorama Sunroof, Lighting Package, Heated Front Seats and Destination Charge.

    $3693 due at signing which includes ($725 Acq+$499 First month+ $2499 Cap Reduction)

    I figure Dealer Contribution:$400 (not sure it just fits)
    Money Factor: 0.00140
    Residual: 56% ($22677)

    Monthly payments $499+tax

    Deal Excludes Tax and title.

    This is what they are offering off the bat, how much more do you think I can get the dealer to chip in? Has anyone negotiated based on this?

    Thanks
    Sean
  • imjuspiayinimjuspiayin Posts: 6
    edited February 2013
    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.
  • kyfdxkyfdx Posts: 31,215
    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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • albert72albert72 Posts: 141
    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,
  • mlevinemlevine Posts: 228
    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.
  • albert72albert72 Posts: 141
    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.
  • mlevinemlevine Posts: 228
    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.
  • 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.
  • 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!
  • 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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Guys,

    I got the following figures for a new Q5 lease.

    2013 Audi Q5-Prem Plus
    MMI
    B&O

    MSRP-45495

    Lease Period-42 Months with 10000 miles per year

    Down Payment-0

    Monthly Payment - 670 USD (final negotiated price).

    Is this a good deal ???

    Any help is appreciated.
  • that sounds like a ridiculous/terrible deal to me. $670 for a q5 thats worth 45k?

    id suggest looking at the cadillac srx or the lexus rx
This discussion has been closed.