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Audi Q5 Lease Questions

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  • pddypddy Posts: 3
    Thanks very much, Carman. I went ahead with a lease of this vehicle due to rarity in the area, and the local dealer had the color I wanted. This deal was done at the end of September and I love the car. But was the money factor different then ? I was given a higher money factor than what you have listed for October. This was for top-tier credit. When I asked about it, I was told it was non-negotiable. They said the money factor was higher for our area due to demand here in the snow belt. I negotiated about 1500 off list. Is there anything I can/should do now if the dealer wasn't being honest about the money factor?
  • I'm looking at lease quotes for a Q5 3.2 with premium plus, MSRP of $46,875. Can you please help me with what I should expect for a monthly payment on a 36 month lease, $0 down, 10,000 miles/year? I'm trading in another Audi at the end of the lease so I think I qualify for discounts.

    Thanks!
  • Hello everyone! I'm an international student that will be graduating this December and am interested in by a new Q5 2.0T Premium Plus with the backing of Audi's college graduate offer. I currently do not have any credit history in the United States but according to what I've been reading, that shouldn't be an issue. I would be grateful if someone with experience can provide me with an idea of what the lease rates would be in the current market for someone using the college graduate offer.Oh and I am in the Chicago area( I don't know if that is relevant at all but anyways...).

    Looking for a 36 Month Lease
    2012 Q5 2.0 Premium Plus with NAV, B&O, Rear Side Airbags

    Thanks!!
  • Hello Car Man,
    We live near Cleveland Ohio and My wife is coming out of an 08 Lexus RX lease in December and would like to get into something new.
    We test drove a 2011 Q5 3.2 with Nav and the standard sound system and she loved it. (of course we didn't let him know how much...) We were Quoted $46,350 out the door. We want to lease for $0 down, 39 months, 15,000 mi per year. His monthly figure came to a total of $758 per month.
    Does this look like a good Quote? (seems a bit high to me) I'm not sure how to figure the money factor thingamajig that you often speak of, so I wonder I you could direct us to the area on the site that instructs us how to figure that out for future reference. Thank you for your help.
  • Can someone provided the MFs and residuals for the Audi Q5 for November?
  • Hello nilesd. This was a tricky one, I had to make some calls to find out the answer for you. Audi Financial Services does offer pre-paid leases. It provides a money factor reduction of 0.00050 for pre-paid 12 month leases, .00075 for 24 to 27 months, .00090 for 30 months, and .00100 for 36 to 39 months.

    Car_man
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  • Hi pddy. Audi's lease program is national, so its money factors should not vary by region. It sounds like the dealer may have marked up your vehicle's buy rate to add additional hidden, back-end profit to your deal. Even if this was the case, unfortunately, there isn't anything that can be done about this now that you've signed the lease and physically taken delivery of your vehicle. Don't let a little thing like this ruin the joy that a new vehicle brings. Chalk this up as a learning experience and enjoy your sweet new ride :shades: !

    Car_man
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  • Hi lacargirl. You definitely should be able to negotiate a dealer discount on the Q5 that you are interested in, regardless of whether you are a loyal customer or not. On top of any dealer discount that you are able to get Audi is providing a $750 loyalty cash incentive on leases of this car.

    Let's work up a payment on this truck for you and see what we come up with. According to my calculations, if you were to lease a 2012 Audi Q5 3.2 that has an MSRP of $46,875 and a selling price of 45,125 ($1,000 dealer discount - $750 loyalty cash) through Audi Financial Services right now for 36-months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $657.

    A $2,000 dealer discount would drop this car's payment to around $627.

    If you provide me with an exact selling price I'd be happy to use that in my calculations.

    Car_man
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  • Hi murphy24. What is this truck's full MSRP? That number will give me a frame of reference to see how much of a discount you are being given and will enable me to use Audi's lease program to work up a sample payment for you.

    One can't really calculate a vehicle's money factor. That is a number that is published by the bank that you are leasing through. It is important to know what your vehicle's money factor is and what the dealer is charging you though because dealers are often allowed to mark-up vehicles' money factors to add additional, hidden back-end profit to deals.

    Audi Financial Services' current buy rate lease money factor for a 39 month lease of a 2012 Q5 3.2 Premium Plus is .00188 for consumers who qualify for its top credit tier.

    Car_man
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  • Hi dave1129. The Q5's lease program varies by trim level, term, and mileage allowance. Please be as specific as possible about the information that you're looking for. For now, here's a representative sample of what this truck's current program is like.

    Audi Financial Services' November 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 .00157 and 52%, respectively for consumers who qualify for its top credit tiers.

    Car_man
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  • bbmasbbmas Posts: 1
    Hello,
    I've been quoted the following by 2 different dealers for Q5s, 2.0 PP w/nav.
    1) 44,250 msrp - 6% discount 41,650 net price. 10k miles, 36 mo prepaid lease. $24,196, 56% residual. Includes all taxes and fees. This dealer would have to order the car...2 month delivery.

    2) 45,570 msrp (slightly different eqpt). No discount on the price offered yet. 10k miles, 36 mos, $25,918. (didn't get residual quote yet). This car is on the lot.
    I should expect a greater difference in the prepayment amount for the 1st dealer based on $4k difference in msrp correct? How does the money factor math work for a prepay? Since this dealer has the car on the lot, wouldn't you expect a better price since they have inventory $ tied up?

    Finally, I noticed in another post you said that it is not advisable to put $ down on a leased car due to risk of car being totalled or stolen...does that apply to a prepay? If I prepay and my car is stolen or totalled, doesn't the leasing company have to either refund my $ or give me a replacement car?
    Thank you in advance!!
  • Car_man:

    The car I'm leasing is the Q5 2.0T Premium Plus, Nav, Smart Key, Tow Hitch, floor mats and exhaust tips. MSRP is $45980. I also want to include the $800 for Audi Care. Discount from the dealer is $1100. Tax in my state is 3.125%. Based on the numbers MF and residual you provided, I come up with a lease payment about $50 a month lower than than dealer. Dealer also shows a $695 aquisition fee that the say comes from Audi in addition to their $199 doc fees. Please advise. Many thanks.
  • Hi dave1129 According to my calculations, if you were to lease a 2012 Q5 2.0T Premium Plus that has an MSRP of $45,980 and a selling price of 45,680 (including Audi Care) through Audi Financial Services for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $678.

    AFS does indeed charge a $695 acquisition fee on every vehicle that it leases.

    Car_man
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  • 1) Trying to get a sense if this scenario is a good deal:
    42 mth lease. 10k/yr. 2000 down. 550/mth tax included for a 2012 Q5 2.0T Quattro with Premium Pkg(not premium plus). I would be turning in my current lease - I'm upside down about 2500.00. Should I shoot for a 36 mth lease instead?

    2) What are some key points that I should be focusing on in the negotiation? If I'm Tier 1 credit, what's the money factor? Can that be negotiated? Is the residual value negotiable? Finally, on a lease, should I get the price set before talking monthly payments and down payment? I'm in SoCal

    Thanks. Sorry, these seem like pretty rookie questions. Any input would be greatly appreciated.
  • My question pertained to a particular deal on a Q5 and wanted some info and thoughts on the deal itself.

    Here are the numbers presented to me by the dealer for 2012 Q5 2.0 with Premium package plus heated seats, panorama moonroof:

    3K down
    10K/yr mileage
    48mths
    599.00/mth tax included

    Car invoice is 39980
    I have a trade-in: I am upside down about 1900.00

    The dealer is going to get me the money factor and residual value.

    Questions I have:
    1) What is AFS november MF and residual on this car with those terms above?

    2) Is this deal solid or am I getting hosed? If there is a place or point to negotiate, would it be the mthly rate? Money down? Final sale price? Length of the lease? Or all of it?

    I will also post this to the Forum in case it is easier to respond there.
    Thanks Car Man.
  • bg10274bg10274 Posts: 1
    edited November 2011
    Hi -

    I'm in Dallas and have a 2012 Q5 2.0 Prestige with nav for sticker price of $46,450 plus $875 destination chg on order (gave $1K deposit). I currently drive a 2009 328i sport that's leased and have determined it's better to turn back at least end in december rather than trade it (i'm upside down). The car will be here in the next couple of weeks but I'll be on vacation, so the sales guy asked if I could come in this week to take care of the financial stuff and then pick up the car when I get back the second week in december.

    Can you give me any information on what I could be looking at payment-wise? Will be doing a 36 mo lease with 10K miles/yr. and looking to give as little down as possible. Should I be worried that there will be better incentives when I take delivery of the vehicle that I could miss out on?

    Any information is greatly appreciated. Thanks in advance!
  • Am I getting a line of BS here???

    Dealer quoted me 57% residual and .00159 MF last month for a Q5 PP. I called in to see if the latest advertised deal makes it more enticing. Salesman quoted me 55% residual and .00283 MF. He told me they buy the leasing for the former rate and sell it to me for the latter. Really?

    Am I getting a raw deal here? Is this the dealer trying to goose the rate. Salesman told me the financing was the least of my worries because the vehicle is difficult to acquire regardless. Seems like he is already setting the stage for a difficult sale. What do folks think of this?
  • nilesdnilesd Posts: 4
    edited November 2011
    Thank you for the reply. I appreciate your time and contributions to this board!

    When calculating this out, do I still calculate the monthly base rental + monthly finance charge and monthly tax OR do I drop the monthly finance charge since there isn't any money financed since it is prepaid upfront and add in the tax all upfront?
  • He is of course trying to "goose the rate" as you say. Lot of dealers try to do this, but in this case, his spread is absolutely atrocious: it will make the lease very unattractive. I have leased several times (never from Audi) but never agreed to pay the spread over the company rate. You have to negotiate it down preferably to zero. I think it will also create dead-weight costs for you in the event of early termination. The loan implicit in the lease is being provided by Audi Financial not by the dealer, and a spread of this nature, is totally unjustified and untransparent. You can agree on a fixed fee like $500 or something.
  • Ok, just a brief rant...
    WTF is up with vehicle sales people? I understand folks need to make a buck - that's fine and dandy and I fully support the concept - but are they so desperate to make a buck that instead of compromising a little profit to make a sale, they try to extract as much $$ as possible and risk losing the deal. As mdxlessee points out, the spread Audi is trying to make is atrocious. They just tack on another 78% (yes, seventy freaking 8 percent) to the finance rate and say to themselves, "Yeah, that seems about fair." Are they out of their f'ing minds? Do I seem mathematically challenged? Does asking for the MF and Residual make me sound stupid?

    It's not just Audi. I tried to buy a Hyundai a couple months back and contacted them via Costco for their *special* price. After 3 conversations via email where he denied that they have a Costco price sheet I showed him Costco's documentation on their website. Then he claimed he didn't know I was a "Costco customer." Really? Did you forget? Buddy, if you scroll down and read the email YOU started the conversation with "Welcome Costco Customer." All I asked for is the price Costco said you are required to give me. Anyways... arggg!

    Why is it so hard to spend 20, 30, 40 thousand dollars these day. Isn't there something about a bad economy I'm hearing about...something about people not spending. Will somebody PLEASE just take this money off my hands in a fair and equitable transaction.

    WTF?
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