Hi I'm looking to lease a Q5 with Premium Plus package in south Florida area. I contacted one dealer and they told me the RV for 12k m/year is 49% and the money factor is 0.00045. Is that right? I've seen recent posts in the forum saying the RV should be 51% and MF at 0.00022. I'm a little confused, any help will be greatly appreciated. Also if anyone can recommend a dealer (no need to mention name if that's against the forum policy) it will be greatly appreciated as well. Thanks,
Does your payment amoutn inlcude taxes? I was at an Audi dealership today and I'm looking at a premium plus with nav for around $650 per month. I'm in Washington state and our taxes are a bit higher, but your payment seemed pretty attractive.
Hi Jack. The numbers that you mentioned are a little different than what I have seen. Audi's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q5 Premium Plus with 12,000 miles per year are .00022 and 49%. Perhaps the dealer is attempting to mark your truck's money factor up slightly to add additional, hidden back-end profit to your deal. Another possible explanation for part of the difference is that AFS will waive its security deposit requirement in exchange for a .00015 money factor increase.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Bommarito or Plaza? If you are paying full msrp there may be some room to get the cap down using their money. Some dealers on the net are posting $1000 off on line.
Does your payment include any down payment? I am also in Washington state and there is not that much information on the web for Q5 leases here. I am totally new to this lease world and trying to get an idea of a fair lease deals... :confuse:
I was at the dealership again and was able to get the payment down to $680 with audi care, 15K miles, and 36 months. The down payment is $5K. I can't seem to find anything better. I bet it could be negotiated to $660.
Hi Car Man. How about this offer? I'm definitely sure he can come down but Iet me know if Getting the Prestige for $580 or Prestige SLine for $650 is realistic. I do have a voucher to get Audi Care for free so let me know if I should keep that in my back pocket in negotiating, or present it up front. I'm also a Costco member so I could get the Costco discount on it too..
I got the AudiCare Voucher by attending the Audi Driving Experience for the Q5 which was a 3 hour event where I beat up the Q5 in a closed driving course. Loved the way the car took the beating I gave it!
just got this offer...Q5 Premium plus 45125 Manufactures price 43985 Dealer discount price 36 months 15000 miles 3000 down 682.00 including tax per month
Hi Freedman, I just ordered a Blue Q5 with gray interior and 19in wheels .It is in transient from Germany. if it was not for this site and learning _I would not have gotten this deal. Blue prem. plus with nav and 19 inch wheels: agreed price is 45400 36 lease 15000 miles 659,- tax and audi care in cluded I am turning in my A6 Avant with 56000 miles and they are paying off my loan remainder. thought I did not want a new so soon-what a joke:) I have never had Audi issues and this is my 4th one. They are sound car if taken care. :shades:
Hi, I'm in Texas and am trying to understand the difference between a Premiere Purchase and a lease. If I understand correctly, with a lease I'll pay sales tax monthly, whereas with a Premiere Purchase I would pay upfront (because the title is in my name?) Am I understanding this correctly? Naturally, I'm not able to get a straight answer from the dealer finance guys..... Anything else I should be on the lookout for?
Also, I was quoted on a 36 month/15k lease a 47% residual and a 3.27% rate on the Premiere Purchase...but not exactly sure what this means.....
In Texas, you pay full sales tax on the selling price, either way.... buy or lease..
So... those that lease pay the full tax, then if they want to purchase the car at lease end, they have to pay tax, again...
That's why they offer (push?) the Premier program.. By putting the car in your name from the beginning, if you choose to keep the car at the end of the term, no further tax is due..
However, if you are leasing with then intention of turning the car in, then that isn't a concern.
Test drove Q5 today at the Audi Drive Experience. Was at the dealer yesterday as well, where they told me Audi was motivated to get these out on the street and was offering aggressive leasing options.
Then i asked him to run the numbers on a lease assuming i paid the taxes upfront and he was "in the 700s" and i was out the door. what a joke! This was a premier plus with nav.
I love this car and would be fine buying it, but i'm afraid of audi reliability if i were to keep it several years, and i also know from experience that they are relatively poor at holding their value.
Audi's super-low residuals don't instill much confidence. if all these cars coming off lease are so cheap for owners to buy out or dealers to flip, then what protects the value of my car?
At the 11th hour, I decided to buy. Wife and I decided that we didn't want to go thru this again in 3 years. Another issues is we were changing driving habits and I wasn't sure of mileage.
I will say that because the finance manager was pushing the Premiere Purchase on me so much, I felt a little better about buying!!! Maybe it's me, but I just don't trust those guys at all. I've gotten to the point where if they're pushing it as a good deal, I'm convinced I'm going to get screwed.
BTW, the dealer I worked with was pretty flexible on pricing. Paid a good % below MSRP. It was the last weekend of the month and they had 4 of the same models on their lot (Silver, Premium Plus.)
We LOVE the Q5, it's a blast to drive. Feel like it's much better than the 525i I just turned in.
Hey everyone, couples of things I wanted to check with you. For Q5, premium plus with navigation:
1. Does anyone know the accurate dealer invoice for this car? 2. What is the actual inventory situation with them? Either Audi has really messed up their distribution or the dealers have been instructed to build up the hype on the new vehicle. 3. My goals are: buy for around 41.5K or lease for under $600 with tax (up to 2K down). Realistic?
The Q5 is rated to tow up to 4,400 lbs. Has anyone here who's been shopping for a Q5 asked whether or not Audi has their towing accessorties developed and in stock? When I bought an Audi Allroad in 2001 after they had first come on the market, it took Audi months before the two hitch was available. Also if anyone has actually towed with a Q5 I'd be interested in hearing their comments - it just seems like a pretty small SUV to be rated at 4,400 lbs.
I got this offer today for a Q5 Prestige, this is in IL (you pay full taxes on the purchase price up-front):
MSRP: $49500 (selling price) Residual: 47% Terms: 36 Mo - 12Kmi/yr Money Factor: 0.00022 Due: $2,000 ($1000 from a trade and $1000 more at signing) Taxes are covered with the trade and dealer "contribution"
Montly Payment: $869 @ 36 Mo / $837 @ 39Mo
Given the low MF and that there is some money down, Does $850+ sounds a bit high)?
Premium w/moon roof, heated seats, bluetooth, and a couple of other options MSRP 41,350 Zero down ($1,460 due at signing) w/ Audi Care included (50% residual) $575/Month includes 6% tax 12,000 mile per year.
Went to three dealers and I know this is as good as a deal can get.
I put a $500 deposit down for a new Q5 lease from a dealer in the Los Angeles area. The car is at the port and supposed to arrive at the dealer on Monday or Tuesday. My only documentation is a handwritten summary of the lease terms on a copy of printout identifying the car and my credit card receipt.
Does this protect me if the lease terms change for May but I don't sign my lease before May 4 (when the April leases expire)?
Should there be any more formal documentation of a pending lease or other way to ensure the dealer delivers the car on those terms?
One Audi Dealership in NJ offered me the following for a 2009 Q5 Prem Plus w/Nav and SLine Package:
MSRP: $48,275 46% Residual = (47% (PremPlus residual - 2pts (SLine deduct) + 1pt Audi Care) Selling Price: $47,504 $5541 Down (NYS Tax included up front about $2,000) $657/mo
Is this a good deal or am I getting killed in with the down payment?
Picked up the new Q5 Premium w/ sunroof, heated seats (MSRP $41,350) today. during the signing process noticed some differences in the numbers from the original quote/offer. Monthly payment remained the same, but they played around with the numbers as follows:
Original quote: Monthly Payment tax included $575.00 ($0 down) Residual 50% (w/ Audi Care) or $20,625 Money factor 0.00037
Paperwork at signing: Monthly Payment tax included $575.00 ($0 down) Residual 52% (w/ Audi Care) or $21,502 Money factor 0.00075
I brought this up but got a BS answer. I then decided not to disrupt the sale, but I want to complain to Audi. Understand the only impact to me is $900 more at the lease end value, but it is a matter of not allowing a dealership to get away with dishonest practices. Any advice on how to go about this.
Your payments with 0 down are the same. Am I right in assuming that the only penalty you incur is if you buy the vehicle at lease end? If so wouldn't worry. You shouldn't buy it anyway. Nice car but it is an audi and the first model year. Just walk away and buy a fiat at the dodge store in three years.
At this point your only option is to report it to Audi. They increased the money factor on you which is pure BS. I know it would have been tough but walking away would have been the best way to make your voice heard.
Well since no one responded I eventually found my answer. Yes, I was getting killed on the down payment so I did not go with that dealership (in NJ). I ended up buying the car at another dealer (in CT) with the following...and I KNOW this was a great deal.
2009 Q5 Prem Plus + Nav & SLine Package (Brilliant Black on Black) MSRP: $48,275 (Invoice was about $45,600) Selling price: $46,000 + $625 destination charge Audi Care ($750) for free b/c I attended the Audi Driving Experience in NY Residual: 46% (47% (PremPlus residual - 2pts (SLine deduct) + 1pt Audi Care) Money Factor: 0.00022 Down Payment: $3,910 (includes NYS Tax which is about $2,100) $675.75/mo
Since the SLine package includes 20" summerline tires I'll be investing in some all season 20" tires to hold me over the winter. I'm a happy camper and can't wait to enjoy my summer in my new Q5!!
I just leased out a 3.2 Premium for $479/month including NYC tax with 0 down (just basic inceptions). I was surprised to see such a great deal for a car this new.I hope the May programs are even better...
Just called Audi. They seemed to wash their hands from this issue. They claim not to have any involvement with dealer transactions. This sounds like BS, since it is their reputation at stake. Anyway they promissed to call me back in couple of days.
Here you go, art234. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q5 Prestige with 15,000 miles per year are .00036 and 43%, respectively.
If you are a current Audi owner or lessee, you are eligible for a $500 cash incentive when leasing this truck. Audi is also waiving the first month's payment on it for all customers at this time.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi alvallejo. The money factor and residual value that you were quoted look good. Now let's look at the selling price.
The Q5 that you are interested in probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. You were quoted a discount of $3,110 on the first model that you mentioned and a discount of $3,020 on the second. Both of these selling prices look attractive to me.
If you are a current Audi owner or lessee you are eligible for a $500 cash incentive on the lease of this truck. Make sure that the dealer takes this cash into account if you qualify for it.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Can anyone tell me if there is conquest money being offered on the Q5? Also I know this isn't the Q7 board, but is it being offered for that model as well? Thanks.
HI max64. Edmunds.com has dealer invoice prices for most vehicles, including the Q5. Click on the following link to go to that section of this site: Edmunds.com New Vehicle Pricing.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi yvanh. Whether or not this payment is appropriate for this car, in terms of the best available deal, I have to say that there's absolutely no way that I personally would pay $850 per month to drive an Audi Q5. Don't get me wrong, the Q5 is nice, but that's just way too much money for a vehicle like this.
Back to this specific deal. The money factor and residual value that you were quoted look good to me. I'm confused about whether then $49,500 that you mentioned is this vehicle's MSRP or its selling price. It says both next to it. I assume that it's the latter, but I'm not positive. Either way, it would bee nice to have both numbers. That way I will be able to tell how large a dealer discount you are being given.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Comments
Jack
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks
I got the AudiCare Voucher by attending the Audi Driving Experience for the Q5 which was a 3 hour event where I beat up the Q5 in a closed driving course. Loved the way the car took the beating I gave it!
Q5 Prestige w/SLine package
MSRP: $51,650
Selling Price: $48,540
15K/36 mo. Lease
$768/mo w/$3,947 at signing.
42% Residual - .00022 Money Factor
Q5 Prestige w/20" Wheels
MSRP: $50,300
Selling Price: $47,280
15K/36 mo. Lease
$699/mo w/$3,947 at signing.
44% Residual - .00022 Money Factor
just got this offer...Q5 Premium plus
45125 Manufactures price
43985 Dealer discount price
36 months
15000 miles
3000 down
682.00 including tax per month
What do you think???THANKS!!
I just ordered a Blue Q5 with gray interior and 19in wheels .It is in transient from Germany. if it was not for this site and learning _I would not have gotten this deal.
Blue prem. plus with nav and 19 inch wheels:
agreed price is 45400
36 lease
15000 miles
659,- tax and audi care in cluded
I am turning in my A6 Avant with 56000 miles and they are paying off my loan remainder.
thought I did not want a new so soon-what a joke:)
I have never had Audi issues and this is my 4th one. They are sound car if taken care. :shades:
thanks for all your info, sounds like you did a great deal how much down did you give. They are asking me to put down 3000
thanks
Also, I was quoted on a 36 month/15k lease a 47% residual and a 3.27% rate on the Premiere Purchase...but not exactly sure what this means.....
So... those that lease pay the full tax, then if they want to purchase the car at lease end, they have to pay tax, again...
That's why they offer (push?) the Premier program.. By putting the car in your name from the beginning, if you choose to keep the car at the end of the term, no further tax is due..
However, if you are leasing with then intention of turning the car in, then that isn't a concern.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
So I think I'm going to go with Premiere Purchase as I'm not sure if I'll want to buy back or not...seems like a no-brainer.
Then i asked him to run the numbers on a lease assuming i paid the taxes upfront and he was "in the 700s" and i was out the door. what a joke! This was a premier plus with nav.
I love this car and would be fine buying it, but i'm afraid of audi reliability if i were to keep it several years, and i also know from experience that they are relatively poor at holding their value.
Audi's super-low residuals don't instill much confidence. if all these cars coming off lease are so cheap for owners to buy out or dealers to flip, then what protects the value of my car?
Audi Q5
Premium plus package
MSRP $41,500
TMV $40,140
zero down
$590 month (including tax)
36,000 miles
This seems like a good deal but I may not be asking the right questions. What do you think?
I will say that because the finance manager was pushing the Premiere Purchase on me so much, I felt a little better about buying!!! Maybe it's me, but I just don't trust those guys at all. I've gotten to the point where if they're pushing it as a good deal, I'm convinced I'm going to get screwed.
BTW, the dealer I worked with was pretty flexible on pricing. Paid a good % below MSRP. It was the last weekend of the month and they had 4 of the same models on their lot (Silver, Premium Plus.)
We LOVE the Q5, it's a blast to drive. Feel like it's much better than the 525i I just turned in.
1. Does anyone know the accurate dealer invoice for this car?
2. What is the actual inventory situation with them? Either Audi has really messed up their distribution or the dealers have been instructed to build up the hype on the new vehicle.
3. My goals are: buy for around 41.5K or lease for
under $600 with tax (up to 2K down). Realistic?
I got this offer today for a Q5 Prestige, this is in IL (you pay full taxes on the purchase price up-front):
MSRP: $49500 (selling price)
Residual: 47%
Terms: 36 Mo - 12Kmi/yr
Money Factor: 0.00022
Due: $2,000 ($1000 from a trade and $1000 more at signing)
Taxes are covered with the trade and dealer "contribution"
Montly Payment: $869 @ 36 Mo / $837 @ 39Mo
Given the low MF and that there is some money down, Does $850+ sounds a bit high)?
Premium w/moon roof, heated seats, bluetooth, and a couple of other options
MSRP 41,350
Zero down ($1,460 due at signing)
w/ Audi Care included (50% residual)
$575/Month includes 6% tax
12,000 mile per year.
Went to three dealers and I know this is as good as a deal can get.
Does this protect me if the lease terms change for May but I don't sign my lease before May 4 (when the April leases expire)?
Should there be any more formal documentation of a pending lease or other way to ensure the dealer delivers the car on those terms?
Thanks
One Audi Dealership in NJ offered me the following for a 2009 Q5 Prem Plus w/Nav and SLine Package:
MSRP: $48,275
46% Residual = (47% (PremPlus residual - 2pts (SLine deduct) + 1pt Audi Care)
Selling Price: $47,504
$5541 Down (NYS Tax included up front about $2,000)
$657/mo
Is this a good deal or am I getting killed in with the down payment?
Original quote:
Monthly Payment tax included $575.00 ($0 down)
Residual 50% (w/ Audi Care) or $20,625
Money factor 0.00037
Paperwork at signing:
Monthly Payment tax included $575.00 ($0 down)
Residual 52% (w/ Audi Care) or $21,502
Money factor 0.00075
I brought this up but got a BS answer. I then decided not to disrupt the sale, but I want to complain to Audi. Understand the only impact to me is $900 more at the lease end value, but it is a matter of not allowing a dealership to get away with dishonest practices. Any advice on how to go about this.
36 mo/ 12k lease $533 a month (includes 6% tax as i live in CT)
Money Down $1,708 (Bank fee $625, $550 Security, 1st mo 533)
Premium Dark beaige metallic w/ beige interior blue tooth
Is the above a good deal? I have been calling other dealers and they are not even close. Any way to get the bank fee waived?
2009 Q5 Prem Plus + Nav & SLine Package (Brilliant Black on Black)
MSRP: $48,275 (Invoice was about $45,600)
Selling price: $46,000 + $625 destination charge
Audi Care ($750) for free b/c I attended the Audi Driving Experience in NY
Residual: 46% (47% (PremPlus residual - 2pts (SLine deduct) + 1pt Audi Care)
Money Factor: 0.00022
Down Payment: $3,910 (includes NYS Tax which is about $2,100)
$675.75/mo
Since the SLine package includes 20" summerline tires I'll be investing in some all season 20" tires to hold me over the winter. I'm a happy camper and can't wait to enjoy my summer in my new Q5!!
Leases:
0.86% for 24 mo. --> M.F. (0.00032)
0.86% for 36 mo.
exp. 7/6/09
---or---
8.04% for 24 mo.
8.04% for 36 mo.
8.52% for 48 mo.
exp. 6/2/09
If you are a current Audi owner or lessee, you are eligible for a $500 cash incentive when leasing this truck. Audi is also waiving the first month's payment on it for all customers at this time.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The Q5 that you are interested in probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. You were quoted a discount of $3,110 on the first model that you mentioned and a discount of $3,020 on the second. Both of these selling prices look attractive to me.
If you are a current Audi owner or lessee you are eligible for a $500 cash incentive on the lease of this truck. Make sure that the dealer takes this cash into account if you qualify for it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Back to this specific deal. The money factor and residual value that you were quoted look good to me. I'm confused about whether then $49,500 that you mentioned is this vehicle's MSRP or its selling price. It says both next to it. I assume that it's the latter, but I'm not positive. Either way, it would bee nice to have both numbers. That way I will be able to tell how large a dealer discount you are being given.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum