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Audi Q5 Lease Questions

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  • jls008jls008 Posts: 3
    Hello. I just left the dealership and secured the following deal on a 2013 2.0 L prestige plus (Black exterior, black leather interior):

    3 years, 36,000 miles lease
    price of car, $800 above invoice (salesperson showed me the invoice:
    54% residiual
    $5000 towards my trade-in (2005 Hyundai Santa Fe)
    No other money down
    Total monthly payment $563.00 per month.

    I researched this page quite a bit before agreeing upon these terms. Please let me know your thoughts on the quality of this deal. Thanks!!!!!!!!!!!!!!!!
  • redline325redline325 Posts: 5
    Hello,
    Looking to lease a loaded '13 Q5 3.0T premium plus. I've negotiated price to $49,351. Based on the 54% residual and .00139 MF I'm coming up with a $633 after tax payment including 9% tax. I used $600 for doc/title fees. I am figuring this correctly (within a few bucks?). Thank you for the input

    Redline325
  • redline325redline325 Posts: 5
    OK, so I'm answering my own question here since I went by the dealer today. Car is a 2014 Q5 3.0T Black Pearl/Black, S-line, sport interior, MMI, B&O. MSRP is $52,670. I have an Audi Friends & Family cert so that gets me $300 over invoice. They initially tried to add in over $800 of advertising fees and I told them no after a lot of back and forth. Also they initially tried to use .00159 as the money factor. I wound up with .00139 and 55% residual on a 36 month lease 10k miles. $5,000 down and $646 a month after tax (9%)

    Is this as good as I can get? Or should I push a bit further?
  • jls008jls008 Posts: 3
    My message is right above yours. No one responded to mine, so I thought we could help each other! After being unsure about the deal I was offered, I emailed 5 other dealerships in the area. Over the past couple of days I have gone back and forth and the best deal I could find was only about $10 a month less than what I was offered. There are so many variables. I think the best thing to do is simply email other dealers and see if they can beat your price. If they cannot do much better, and you like the dealership, I would assume you got a good deal and stick with it.
  • redline325redline325 Posts: 5
    I think you have some room to move lower than $800 above invoice, shoot for $300 above. These dealers say the cars are limited and in demand but that's not true. I was looking at a V6 Cayenne and the Porsche dealer (same owner & attached to Audi dealership) told me that Porsche doesn't discount because the cars are in demand and the Audi's are "distressed inventory" They want to dump 2013's before the '14's come in. You don't need to buy a new car, but they need to sell cars.
  • russ495russ495 Posts: 1
    Hi,

    Please can you confirm the money factor and residual for both the 2.0L and 3.0L for 36month 30000 and 36000 mile leases assuming +720 credit and -720 credit?

    I am also being told that my 2000 downpayment will go towards license and registration etc with less than 10% going against reducing the cost of the vehicle.
    Is this normal?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi russ495. Audi Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 2.0 Premium Plus with 12,000 miles per year are .00139 and 54% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical '13 Q5 3.0 Premium Plus are .00139 and 54...interestingly exactly the same.

    The residual values for leases of this truck with 10,000 miles per year would be 1% higher.

    At lease signing consumers typically have to pay their vehicle's first month's payment (in this case say $500+) and the acquisition fee (AFS charges $695). Those two things alone will add up to $1,200. I'm sure that the dealer will have to charge you some sort of fees for license, title, tax etc. on top of that. They may try to slip some dealer fees in there as well to pad their profit.

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

    What would be the Residual and money factor on a Premium 2.0 on a 36 month, 20k per year mile lease? Thanks!
  • markcincinnatimarkcincinnati Posts: 5,088
    To anyone who can help:

    Audi financial allows 9 additional security deposits (a total of 10). Each deposit effectively reduces the money factor (interest by another name, of course).

    If the sec dep is -- for the sake of argument -- $600 (even if it is NOT technically required) how much of an impact does each additional deposit make (if it is linear) or, is there someplace to plug in the sec dep and "see" the mo payment drop?

    I read somewhere that the sec deps would drop a payment by $50. Is that ONE sec dep, SEVEN sec deps, etc?

    I would also gather that the most accurate answer is only correct for a maximum of 30 days -- so, what I would most like to know is the "formula" that is used.

    I still see people here on Edmunds wanting to (or at least planning on) making cap cost reductions out of pocket. Truth be told, we leased a new Infiniti FX in 2010 and our start up costs included about $3K as a "down payment." Of course that money is gone now. Had we made a $3K or more MSD instead, we would be getting a check back from Infiniti at the end of the year -- but the unknown is what the MSD's impact regarding LOWERING the mo pmt is.

    Thanks for your help.

    Confused in Cincinnati . . . .
  • chchoichchoi Posts: 37
    edited May 2013
    Carman,

    I would like to know the MF and residual for (3yr. 10k/yr):
    1. Q5 2.0T Premium Plus
    2. Q5 3.0T Premium Plus

    Thanks.
  • kyfdxkyfdx Posts: 29,370
    edited May 2013
    I don't have the specifics on Audi's MSD program, but I can give you general answers to your questions, as I've done MSDs with both BMW and Infiniti..

    BMW gives a MF reduction of .00007 per MSD, up to a maximum of 7...
    7 X .00007 = .00049 total reduction.. On a typical $50K car, this will save about $40+tax/month (for 7 MSDs)

    Infiniti allows up to 9 MSDs, and the reduction is .0001 for each one, for a total reduction of .0009.. Again, on a typical $50K car, this will save about $70+tax/month..

    So... the question is: How much of an MF reduction does Audi allow for each of the MSDs? I've seen mentions of .00005 and .00008.. a quick search didn't yield an answer...

    Hope that helps...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • roadrageeroadragee CaliforniaPosts: 70
    AFS offers reduced Rent Charge Factors when more than one security deposit is collected on the same contract.
    Reduce the rent charge factor .00008 for each additional security deposit. Collect up to nine additional deposits over the initial required security deposit for a maximum of 10 total security deposits.
    The total allowable security deposit(s) in New York is $749 Multiple Security Deposit Discounts are not available with a Pre-Pay Lease. The minimum Rent Charge Factor may not be less than .00005 and cannot exceed five decimal places.
  • kyfdxkyfdx Posts: 29,370
    Thanks!

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sebastian504. Audi Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 2.0 Premium with 15,000 miles per year are .00139 and 55% for consumers who qualify for its top credit tier.

    15,000 miles per year is the highest mileage allowance that I have seen residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited June 2013
    Hi chchoi. Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 2.0T Premium Plus with 10,000 miles per year are .00139 and 55% for consumers who qualify for its top credit tier.

    Interestingly, the numbers for the 3.0T Premium Plus are exactly the same.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • roadrageeroadragee CaliforniaPosts: 70
    Caman,

    Does AFS offer +1% residual with purchase of Audi Car for Q5 as well?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi roadragee. I believe that the residual value bump applies to all Audi models.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • lolo143lolo143 Posts: 4
    I'm about to lease this 2013 Q5, premium plus w nav.

    MSRP: $45,590
    Got them down to: $42,895 (I think- we left the dealership in a rush)
    $3,000 down
    36 months
    10k year
    $600 (including tax) a month

    Should I go for this? I"m new to this so any help I can get would be greatly appreciated.

    Thank you!!
  • hsnychsnyc Posts: 5
    Long time reader, first time poster.....

    I'm close to pulling the trigger on the Q5 or the X3. Truly a toss-up, although the wife wants the Q5 and you know what they say about "happy wife, happy life"! Anyway, when I asked my Audi sales rep "Other then the subjective 'feel of the drive,' why do you most often lose people to the X3," he said "our lease program for the Q5 isn't very strong compared to theirs."

    I appreciated his honesty, and after running his best-he-can-do numbers for a Q5 w PP+ and Nav vs the quote I got from BMW with virtually the same equipment, I found that he's right....about $50/mth more for the Audi ($650 vs. $600). FYI, each quote was for zero down, 10k miles/month, 36 month leases. In each case the numbers were worked up at $150 over invoice ($42,500 for the BMW, $41,300 for the Audi). Considering BMW bakes in maintenance so they can SAY they're giving customers all-in maintenance vs Audi's pay as you go, the gap on financials alone is even wider.

    The Audi sales rep says Audi makes up for its poor residual on the Q5 by letting customers out of their lease at the 30 month mark, but that assumes I stay in Audi, and the whole idea of a lease for me is the option to try something completely new (if I want) at lease end.

    So, what am I missing? Anyone hear any explanations about why Audi's program is so much worse than BMW?
  • fordrmfordrm Posts: 1
    Can anyone give me a good comparison of a regular lease vs. the Audi Premier Purchase program?

    I'm currently looking for a Q5 3.0 PP, with monsoon grey finish + MMI package. Through my wife's employer, we qualify for the 6% discount, so the numbers are coming out as follows:

    MSRP = $47925
    Final Sales Price = $45,049.50 + $895 destination fee, so my capitalized cost would be $45,944.50

    I've been quoted 42 months $675/month for 10K miles.

    Not knowing that it was a Premier Purchase quote, I built a spreadsheet for 36 months, using a Money Factor of 0.00139 (x2400 = 3.34%) and a Residual Rate of 55%.

    When I called them back to get an explanation for the difference (and the MF and RR that they're using), that's when I learned that it is a Premier Purchase that they're offering me. They also told me that they're using an interest rate of 5.5% (I'm not sure why that's so high.. we both have great credit, but they haven't run a credit check yet) and residual of 52%.

    Given that we've got good credit, is this a good deal, or could we do better?
  • dan303dan303 Posts: 3
    I want to buy new Audi Q5 but am wary that a generation change may happen in an year or so.

    Does anyone know when that is happening?

    Thanks!
  • roadrageeroadragee CaliforniaPosts: 70
    New Q5 won't be here until 2016. Next Q5 will be built at the new Mexican factory scheduled to be completed sometime in 2016. So, you should be just fine for 3 year lease.
  • glayfan40glayfan40 Posts: 27
    I was seriously considering the Q5 with the same packages as yours but the low residuals became a real deal-breaker for me. I ended up leasing the 2013 GLK250 BlueTec instead. The lease deal (24-mo, 12K mi/yr) I got for that car with an MSRP of $44,615 was just over 10% discount, $1750 out-of-pocket (TTL, 1st payment and acquisition), for $514/mo (6.25% tax included). The residual on the GLK was at 72%, considerably higher than a Q5 with the same term and mileage allowance. Just as you mentioned, the shorter term would also allow me to get into something different at the end of the lease. Hope this helps!
  • roadrageeroadragee CaliforniaPosts: 70
    Hi CarMan

    Do you have July AFS rate on 2013/ 2014 Q5 models?

    2.0T P+ 36 month 12k/year.

    Thanks!
  • roadrageeroadragee CaliforniaPosts: 70
    one more...

    Please also post same thing for 2014 Q5 TDI

    Thanks!
  • iamgortiamgort Posts: 21
    edited July 2013
    I'd like to know this month's residual/MF on 2013 3.0T premium plus please. :) (36mo/10K and 24mo/10K).
  • hoops25hoops25 Posts: 3
    Hello. What would be a reasonable lease payment per month for the following car in California?

    SQ5
    Monsoon Grey
    Prestige
    Comfort
    $2,500 down
    15,000 mi per year
    36 months

    Any advice or thoughts would be appreciated as I am in the process of negotiating the sales price and lease rate with a dealership.

    Thanks.
  • dfd3dfd3 Posts: 57
    Hi CarMan:

    I have ordered a 2014 SQ5 and am hoping for an August delivery. Can you provide the July 2014 residuals and money factors? I ordered a Premium + and am looking for 36 month 15K factors. Thanks!
  • lilalocalilaloca Posts: 1
    Hi. Its my first time leasing a car. When i'm at the desk negotiating, should I negotiate the final price of the car first or the monthly payments. And what else should I look for.
  • roadrageeroadragee CaliforniaPosts: 70
    edited July 2013
    I am no Car_Man.. but in his absence, I have some official info.

    AFS July MF & RV for Top tier customers

    2014 Q5 2.0T Prem/Prem+ 36month, 12k/yr ==> 0.00162 & 57%

    2014 Q5 TDI Prem+ 36 month, 12k/yr ==> 0.00160 & 59%

    for 15k/yr, subtract 2% RV.
This discussion has been closed.