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Audi Q5 Lease Questions

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  • mlevinemlevine Posts: 203
    I believe paying so much money up front is not the way to go. When trying to get to a certain lease payment, one must come up with money up front to lower the cap cost. My opinion is that the Q5 lease deals are not that good, but certinly wait for December. You may want to look at other SUVs where you are spending less money and can still enjoy the ride.
  • Thank you all for the replies. The wife and I haven't decided yet but we are leaning toward leasing the Acura RDX 2013 which is priced lower and has better lease terms.

    The Q5 was our favorite however paying an extra $7000 out of pocket for the same monthly payment of $550 did not make sense to us.

    We are signing a 3 year lease so when those terms our up I told my wife she can get whatever car she wants, probably a Q7 or Infiniti JX35 as we will have two kids at that point.

    Thank you all again for your help and time, if you hear of any changes to lease terms for December please let me know.
  • For what it's worth, we were also looking at leasing the Q5 but was told from the dealer that Audi doesn't really make leasing affordable or attractive. Our dealer wouldn't budge on the sales price so there was no negotiation.

    We had also test driven the Acura RDX a number of times but we didn't like the handling when taking clover leaf exits off the freeway.

    On a whim we test drove the BMW X3 and found it to be a much nicer ride (on par with Q5). We ended up with the xDrive28i model loaded with Convenience package, Cold Weather Package, Premium package and Technology package for $550/mo 12kmi/year and only paying the TTL fees at drive off. BMW is throwing in $1,000 holiday cash which comes off the price you negotiate with the dealer, so it really helps lower the payments. A way better deal than the Q5 and a nicer ride than the RDX.

    I'll admit the navigation and technology of the Q5 is superior to the X3 IMO but I really couldn't see spending $100 more/month for it. The X3 has park assist which shows the sides and the rear - which is what completely sold my wife since she is not so great at parking in tight parking spots.

    Good luck - either way you've selected some good vehicles.
  • mlevinemlevine Posts: 203
    I believe you will find the same problems leasing a Q7 as you did with the Q5. I also looked into the Volkswagon tourag and it was a great drive just like the Q5. Problem is terrible lease numbers. Great deal can be done on the infiniti JX, but as I have said in the JX posts great exterior and inferior features with a disappointing drive. Good luck with your leasing venture, I am also working on leases. So far it has been frustrating.
  • Hi npanitsas. If the dealer won't tell you what selling price and money factor they used to calculate the lease payment on the vehicle that you want, find a different dealer. As a consumer, you are entitled to know that information.

    I always mention that the rates I talk about here are banks' "buy rates." This means that they are the lowest possible money factors that dealers are allowed to charge on a vehicle. Dealers can, and often do, mark up vehicles' money factors to add additional hidden, back-end profit to deals. Savvy consumers who know what their vehicle's money factor should be and are in areas that have a decent amount of competition are usually able to get dealers to use the buy rate to calculate their vehicles' payments, but dealers are not obligated to do so.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hello scfamily. Audi Financial Services' December buy rate lease money factor and residual value for a 42-month lease of a 2013 Q5 3.0T Premium Plus with 10,000 miles per year are .00181 and 53% for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi ken954. 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 15,000 miles per year are .00159 and 54% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited December 2012
    You're very welcome lgq5. Thanks for noticing.

    It's difficult to predict exactly what manufacturers will do with their future incentives programs, but if I had to make an educated guess I'd say that you would be better off getting a Q5 in December than you would be waiting until January. Go in at the end of the month and strike a deal. Dealers will be anxious to lock in sales before the end of the month and the end of the year. If history repeats itself, the deals will be slightly worse in January. That's what happened last year.

    Audi Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 3.0T Premium Plus with 15,000 miles per year are .00161 and 54% for consumers who qualify for its top credit tier.

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

    Can you tell me what the December money factor and residual is for a 2013 Audi Q5 2.0T on a 36 month/12000 lease?

    Thanks
  • Wanted to share my deal with you, plus some extra information I was able to get from them: 2013 Audi Q5 2.0 - Premium Plus + MMI Nav Plus + Audi Smart Key + Bang & Olufsen + 19 inch Wheels MSRP: $46845

    Brought them down to invoice: $44054.75

    Audi Care: $820 (Highly recommend, scheduled service cost is crazy expensive you get the first service for free though)

    Acq Fee: $695

    Doc Fee: $595 (way to high!)

    Money Upfront: $2200

    About $385 on License and Registration Fees

    36 months/10k miles per year
    Residual: 57%
    Money Factor: 0.00199 (tier B - Sub 680 auto enhanced score)
    Payment $699 and change.
    I'm in Miami, FL

    Here's how it went down, first the dealer came back with a MF of 0.00279 and a 39 month lease, I just laughed and told them to be serious, they came back at 0.00234 at 39 months, at which point I told them: "I am your worst nightmare, an educated consumer (thanks to this forum I knew that Tier A MF should be around 0.00159), I am full aware that I am not Tier A credit, that doesn't mean you can steal from me and if you don't stop playing games, I will take these numbers and go to another of the many Audi dealers in Miami" thanked them for their time and started to stand up to leave (all with a big smile, not angry or anything).
    The finance manager told me to hold off and shows me the AFS Bulletin with the Money Factors and shows that for Tier A for 12 to 36 months it is 0.00159 and for 39 to 42 months it is 0.00179. Also it showed that for Tier B the MF is Tier A + .0004, For Tier C is Tier A + .00065 and for Tier D is Tier A + .00075 (this will be until 01/07/13).
    So I question him about his .00234 MF when if I am tier B it should be .000219 ( .00179 + .0004) and has the stones to tell me that there's a .00015 markup because it's the first time I am leasing through VW Leasing. I got very serious, and since he had shown me the buy rates, I told him: "Here's what you need to do, make my deal a 36 month lease at 0.00199 MF (Tier A buy rate + .0004) or I am walking"

    I guess he got it and I saved a lot of money, imagine if I had done a 39 month lease with a 0.00279 MF? So if you can, make sure you stay at 36 months, it will save you .00020 on the MF.

    Knowledge is power guys, thanks to CarMan and all the people that collaborate to this forum, without it I would have been easy prey for this finance people.
  • Hi Car_man and kydfx,

    Could you provide December money factor and residuals for a 2013 Audi Q5 3.0 T Premium Plus for 10,000 and 12,000 miles/year for 36 and 42 mos?

    What are the typical acquisition and doc fees?

    Thanks,

    Lee
  • Hi Car_man

    Apologies for redundant question but can you post December numbers on a 2013 Q5 2.0 premium plus 42mo lease at 12k/yr.

    Thank You
  • This is what the salesman sent tonight.... I replied with "is there any negotiation in this price" and he said that there is "a little flexibility". Any opinions? Im thinking about the lease option as I LIKE having a new car.

    46,070 MSRP
    44,980 Sell Price
    250.00 Doc Fee
    33.50 30 day tag and title
    2,939.95 Tax @ 6.5% tax, medina co.
    48,203.45 Total

    832.98 x 60 x 1% w/ $0 due at delivery

    36/15k lease 670.96 plus tax / 713.61 tax in
    42/15k lease 646.16 plus tax / 688.16 tax in

    Due at delivery,
    First months payment
    Audi Bank fee $695
    Dealer doc fee $250
    30 day tag and title $33.50
    Refundable security deposit
  • I've been in your position with the Q5 and we ended up with an X3 with much better rates and monthly cost. With the BMW $1000 holiday cash you should be able to have monthly payments around $575 with 0 down - well equipped.

    Check it out.
  • I am definitely driving the BMW but I think I'm going to drive the x5. One of the inky sticking points I have with the q5 is the trunk space. I currently have a Volvo XC 90 to go with my 2 small children in safe eats as well as my mammoth double jogging stroller. I also have 2 large dogs (Rottweiler and Great Dane) that go in my car to the vet. The q5's trunk space just seems micro.
  • my score is in the high 700's, oldest account is about 6 years old.
  • Season's Greetings delnole. Audi Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 2.0T Premium Plus with 12,000 miles per year are .00159 and 56% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Lee. Audi Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 Q5 3.0T Premium Plus with 12,000 miles per year are .00161 and 54% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 42-month lease are .00181 and 50%.

    AFS charges a $695 acquisition fee on every vehicle that it leases. Doc fees vary from dealer to dealer, but they're basically all fluff, so the lower the better.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • No need to apologize spinfunky. Audi Financial Services' December buy rate lease money factor and residual value for a 42-month lease of a 2013 Q5 2.0T Premium Plus with 12,000 miles per year are .00179 and 50% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jaeg,
    Good job catching the finance guy, but he still ripped you off. I recalculated your monthly payment and it should only be $675/month. Car buyers don't know how to calculate their lease payments so it's easy for the dealer to make-up numbers without the buyer knowing they've been fleeced which happens 99% of the time. I've seen finance guys manipulate the monthly payment without changing any of the variables of the leasing formula simply by overriding the monthly payment amount.
This discussion has been closed.