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Audi Q5 Lease Questions

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  • This sounds like a very expensive deal to me. I like the Q5, but eight hundred bucks per month is just way too much money to pay for one, IMHO.

    If I was offered this deal, I personally would shop around with a different dealer or more likely go with a different vehicle.

    Car_man
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  • CarMan -- What better deals would you recommend in the SUV world over the Q5? Please be specific. We did a new Lexus hybrid and had to return the car. Mercedes 350 and BMW X5 both seem good but pricy. Volvo XC-60 doesnt' seem to lease well. Love to hear your input.
    Thanks.
  • Hi Car_man,

    You mentioned earlier that Audi was set to release a new lease program this week. Any details?

    I'm specifically looking for the MF and residual on a 2012 Q5 Premium Plus lease.

    Also - I qualify for the Audi Supplier Discount of 6% off of MSRP. Do you know if that's just 6% off of the base, or if that would include any features (nav, etc) in the MSRP price as well? Does Audi reimburse the dealer for the difference? Just curious if it's worth doing or if it's better to negotiate my own deal. Details are a little difficult to come by.

    Thanks!
  • I am intereted in the new lease information too. Thanks.
  • I am about to purchase an 2012 Audi Q5.

    On a three year lease the money factory quoted to me was .00205 and residual of .53.

    Assuming I should qualify for Audi's top credit tier the money factor seems way out of bounds with market (car loans are available at 2.5-3%).

    What is the actual money factor currently for an 2012 Audi Q5 for a well qualified buyer via Audi Financial Services?
  • tsoltsol Posts: 40
    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.
  • 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
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  • 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
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  • 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
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  • oldfatslowoldfatslow Posts: 2
    edited January 2012
    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.
  • mineshgmineshg Posts: 6
    edited February 2012
    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.
  • hannasmomjohannasmomjo Posts: 1
    edited February 2012
    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.
  • 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
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  • 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.
  • 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!
  • Car_man, can you please advice..
  • I would like to get your thoughts on purchasing a Q5 at the end of a lease. My 2009 Premium Plus Quatro 3.2 Audi's lease ends next month, and I have the option to buy it or turn/trade it in. Apparently it maintained its value at 33,600 miles and is very well kept. I could pay the balance off and keep the car as it's been a great car. My hesitation is that it's an older car, it will continue to depreciate, and I will need to purchase an extended warranty (about 2K), tires, and $100 every time I take my car for service to the dealership. I will also need to pay tax on the price of the vehicle, and I am not sure if in general purchasing a car at the end of a lease is a good idea. The good thing is that I was the only owner, took good care of it and I know it's been in good hands. It would also be nice not having car payments (although dishing out 28K would be a bit painful).

    The other scenario is using its "equity" for a new lease/purchase. If I add the Audi loyalty rebate ($750/$1500 - Lease/Purchase), supplier program discount (6% off MSRP) and dealer incentive (additional $1000) I get about 10-12K worth of a discount for another CPO/brand new Audi. Perhaps a smaller engine or diesel and also newer technology would be nice perks as well. This is tempting, as I could get a more updated car with relatively less worries, and not paying the tax on my previous Audi.

    Let me know your thoughts!
  • Early Q5s have held their value, very well...

    Using the equity in your vehicle as a trade-in on another new vehicle isn't a bad way to go.... assuming you can find a dealer that won't try to steal your trade-in.. It's no different than trading in a car that you own, except you'll have a time pressure aspect to the deal (in other words, you can't keep it for a few months and try again, as your lease will be up).

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  • I am interested in a 2012 Q5 3.2, Daytona Gray Pearl, Prestige with S line and S line plus and all weather mats for a sticker price of approx $53,500. What should I expect to pay over invoice? I want to do a 36 month lease with 15,000 miles per year and also want the lease to include Audi Care Maintenence. The car is due in mid march 2012. What should I expect the residual and lease factor to be from Newport Auto Center in Newport Beach. Shoudl I wait for the Hybrid?
  • You're absolutely right radoncgs. There's nothing wrong with trading in a vehicle when leasing a new one, just make sure to have the dealer cut you a check for any equity that you have in your vehicle rather than using the proceeds from it as a down payment for your lease.

    Car_man
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