Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Audi Q5 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
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.
By the way I am in MA and am looking also at bmw X3 and the. Mercedes. Whichever one is iin the same range.
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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!
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!
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).
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a Q5 2.0T Premium Plus are exactly the same.
I have always found that Audi's SUVs, the Q7 and Q5, were a little too expensive when compared to some of the luxury SUVs that are on the market. Apparently the reason for this is that Audi can sell as many of them as it can overseas so it is not allocating that many to the U.S. market and in turn dealers don't need much support to sell the ones that they do get.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
At a whopping $700 per month with $5,000 down, you would be much better off going with a BMW X5 than an Audi.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Could you provide the March money factor and residual for a 2012 Audi Q5 2.0T with the Premium package with 10k miles per year?
Thanks!
Can you please help by providing current March MF and Residual for Audi Q5 3.2 Prem + for a 10k Mi / Yr, 24-Month lease.
Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I am planning to buy a 2009 Q5 CPO and need some advice on price to pay if the car has between 30k and 35k miles on it. Also in general how much off the list price for a CPO should one look for to get a "really good deal".
Thanks
I have to admit - this forum has helped me a LOT in my previous negotiations and today I got my quote on leasing a new Q5. Below are the details and I will be really happy if you can help me get a better deal.
The MSRP on a 2012 Q5 2.0T with navigation is $43,775. This is with a non-metallic paint (Ibis White or Brilliant Black). If I choose a metallic paint it will add $475 to the price. My selling price on this would be $42,890. If I do the 24 month loan the payments come to $833 per month and if I do 36 month they come to $668 per month.
I am using 12,000 miles per year and just taxes, fees, and first month payment due at signing.
I am planning on using the Audi loyalty rebate - besides that anything else? This is in Chicago.
The amount due at signing broken down:
$ 695.00 Lease Acquisition Fee
161.38 Documentation Fee (electronic paperwork)
3,568.80 Tax for registration in Oak Park
219.00 IL State Fees (plates, registration, title)
And first month's payment is also due at the time of paperwork signing.
does that tax make any sense? she was saying that if I roll that up into the monthly payment - the payment goes up and also that I will be paying interest on that.
What is your monthly lease payment?
although this dealership is a "participating" dealer for the supplier program (which will entitle me to 6% off of the MSRP) - they are saying they dont accept it.
Can they do that?
i was looking into the exact same equipment - and it was in downtown Chicago - I had a supplier certificate - but they are not even honoring that... so not sure what else works. how much downpayment were they asking to get you to 670/month? and is that including tax? IF your payment is with tax included and the downpayment is decent - maybe it is worth considering. not sure - hope someone on this forum can confirm if thats a decent price to pay.
I am moving from Miami to Chicago and I really want to get a Q5. I went to a dealer in Miami and they were willing to give me a Q5 Premium Plus w/ Nav at Invoice price (I had a supplier certificate).
now - does it make any sense to lease it here in FL and then move to Chicago along with it? (given that the tax is higher in IL - does it make sense to lease it here and transport the car up to Chicago?)
secondly - if I am getting it at invoice price ($42,300) - then what should my monthly payment look like considering that I am only paying the inceptions (which I am assuming shouldnt be more than $1200 or so)
Yes I went to Prestige too. if you have a costco membership - then ask for Sabestian and talk to him - with no further negotiation you get Invoice + 750 price.
can you please give the money factor and the residuals for this month on the Audi Q5 2.0 with 10K or 12K per year?
thank you.
I received the below quote after a lot of negotiation... but still doesnt feel right. Please advise. This is in Chicago.
MSRP: 46980
Negotiated Price: 44213
Service Contract: 1000
DMV: 194
Doc Fee: 160
Taxes: 3660
TOTAL: 49228
Based on these numbers: he gave me the below:
with just first month payment and inception: for 10K miles per year he is quoting $834 per month. Residual ($25369)
for 1000 Cap reduction - the monthly payment comes down to 805.
does that seem right to you?
I calculated $757.11 assuming you were paying $1k cap reduction assuming 36 months.
Could you give me the lease rates for a Q5 3.2 Premier Plus, 36 months, 12k miles? We've been quoted 0.00208 and 50%, which is way off what appears to be the right rate.
Thanks
Ben
I would be happy to work up a payment for you if you provide me with both this vehicle's MSRP and selling price.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with only 10,000 miles per year would be 1% higher.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
As you can see, the factor that you were quoted is too high.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Today I got 0.00132, 53% (+1 for Audi Care package), $0 down on a Q5 3.2L Daytona Premier Plus S-Line today. I'm basically paying the same monthly fee that I pay for my A5 So very happy.
Thanks, we'll talk in 3 years!
Ben
if you are working for one of the companies that is a "supplier" for Audi - I guess your HR should be able to give you a company number - that you can input at www.audisupplier.com and then you get the supplier certificate.
I have moved recently to USA and I dont have any credit history here. I saw audi's foreign business professional program and went and checked that with a dealer in Englewood, New Jersey. I got the below quote. Looks ok to me but I just want to make sure its not a bad deal.
Q5 premium plus package + Nav Invoice price= 42993
Lease months = 42
Mileage = 10,000/yr
Money factor = 0.00176
Residual Value = 21596 or 48.13%
Monthly payments = $623.11
Initial Charges = $3871.63(First month+$399 for registration+$695 bank fee+$249 documentation fee+$7.50 tire tax+$1898.02 Sales tax)
Regards
Deepan :confuse:
Note: I also have weather mats worth $300 in the cost above and spoke to the dealer and negotiated for Audi care as well for the same price.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
2012 Q5 3.2
42mos/10k per year $727 w$1750 down
2012 Q5 2.0
42 mos/10kper year $705.11 w/$1750 down
Money factor for 3.2 is .00194 and the 2.0 is .00173
Includes discount of $1250 + $750 for loyalty
1st month $597.89
Tax $1987.55
Inspection $10
Tire Tax $12.50
Doc Fee $75
Bank Fee $695
Total due at signing $3,377.94
Residual 52%
Buy Back $23,160.80
Money Factor .00134
MSRP 44,550
Sell price 42,317.13
Does this sound like a good deal or should I wait for 2013s to be delivered? This deal includes the $750 loyalty rewards. I am on Long Island, NY. Thanks for your help!!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
What do you think? Really would love to hear your opinion.
Having said that, the selling price that they quoted you for this truck looks great.
Just make sure to get the money factor straightened out and you'll be in good shape.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Looking for the money factors and residuals on an Audi Q5 3.2 PP - 12K and 15K for 36 months.
Thank you!
Also is anyone willing to share some experience dealing with Audi, when their Q5 lease came to an end? Are they willing to buy the car back, or did they even lower the set purchase price. For the latter, I assume not, as the cars value is in high demand and value is holding up.
If anyone can share their experience, I would really appreciate!
Cheers
Don't think I've seen a 3.2 model below $30K...
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator