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Audi Q5 Lease Questions

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  • gericogerico Posts: 23
    Thanks for the link.
    I actually had found that one before I posted.
    What I'm hoping to find out is if anyone knows if it can be done now since Audi is not requiring a security deposit.
    That's what this dealer is telling me.
    And I'm hoping it's not true since the MSD's can reduce the monthly lease payment by over $50/month.
  • kyfdxkyfdx Posts: 27,671
    Some dealers are weird about MSDs, and others don't care... I wonder if it cuts into the finance reserve that gets kicked back from Audi Finance?

    While I have no actual knowledge of the program that doesn't require a security deposit, it doesn't seem likely that it would affect the MSD program... After all, the MSDs are extra security deposits..

    It sure doesn't work that way with BMW... like most brands, loyal customers don't have to pay a security deposit... but, they can still do MSDs....

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go ljcdclakerfan. Audi Financial Services' May buy rate lease money factor and residual value for a 24-month lease of a 2013 Q5 3.0 Prestige with 12,000 miles per year are .00139 and 58% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00139 and 51%.

    The money factors for the 2013 Q5 3.0 Premium Plus are the same, but its residual values are 3% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi beachybumm. Audi Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a base 2013 Q5 with 10,000 miles per year are .00139 and 55% for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome roadragee :) .

    Car_man
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  • kennethzkennethz Posts: 1
    edited May 2013
    Hi Car_man,

    I'm new to this forum.....planning to buy a Q5 in a month.
    Received an offer from a local dealer today:
    Car: Q5 2.0T Premium Plus MMI,B&O,19.5 wheels
    MSRP:$46845
    Price: $44288 +tax +audi care+fee = out the door $49594
    Out of Pocket:$3000
    Term: 36 month 12000 miles/year
    Lease payment:$648.57/month

    I know this may not be a reasonable but just wondering what should be the rignt leasing price for this car...

    Thank you!
  • unionwunionw Posts: 1
    Hi Car_man,

    Close to a lease purchase and want to see if I'm in the ballpark.
    Can you help provide money factor and residual on Q5 2.0T Premium Plus - MM nav, B&O, 19.5,
    42/month, 10k/yr?
    And what portion, if any of the cash on delivery are generally negotiable?
    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome kennethz. The selling price that you were quoted for this truck actually looks pretty good to me. I'd eyeball it at probably around $500 over invoice. Just make sure to ask for a complete breakdown of what is being added to that price to come up with the capitalized cost.

    Once you are comfortable with that, have the dealer calculate your payment using Audi Financial Services' buy rate lease money factor of .00139 (for top credit tier customers).

    $3,000 is a lot of money to pay at lease signing as well. How does that break down? I always advise consumers to pay as little as possible at lease signing.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure unionw. Audi Financial Services' May buy rate lease money factor and residual value for a 42-month lease of a 2013 Q5 2.0T Premium Plus with 10,000 miles per year are .00159 and 51% for consumers who qualify for its top credit tier.

    You really don't have to pay anything, or much other than your vehicle's first month's payment at signing if you don't want to. In most areas things like sales tax, the acquisition fee, etc can all be rolled into your vehicle's capitalized cost to make them part of your monthly lease payment.

    Car_man
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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
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  • 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: 5,069
    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.
This discussion has been closed.