I have ordered a 2014 SQ5 and am hoping for an August delivery. Can you provide the July 2014 residuals and money factors? I ordered a Premium + and am looking for 36 month 15K factors. Thanks!
Hi. Its my first time leasing a car. When i'm at the desk negotiating, should I negotiate the final price of the car first or the monthly payments. And what else should I look for.
Yeah, pretty good isn't it? With TDI, the residual value is now comparable with what BMW/M-Benz offer for gasoline X3/GLK. Still, the not as favorable rent charge rate (MF) makes the Q5 a bit more expensive with higher payment than those.
So, just to clarify, the 57% and .00161 are for the SQ5, not the Q5, correct? Is the residual and/or MF any different on the SQ5 Prestige? And, I'm assuming that AFS still adds 1% to the residual for purchasing Audicare, right?
Hi roadragee. Audi Financial Services' July 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 .00120 and 53% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical lease of a 2014 model are .00162 and 57%.
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Ah ha. The TDI as well. OK, AFS' July buy rate lease money factor and residual value for a 36-month lease of a 2014 Q5 TDI Premium Plus with 12,000 miles per year are .00160 and 59%.
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Certainly iamgort. Audi Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 Q5 3.0T Premium Plus with 10,000 miles per year are .00121 and 61% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36-month lease are .00121 and 54%.
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I'd be happy to help you out, dfd3. Through August 5th, Audi Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2014 SQ5 Premium Plus with 15,000 miles per year are .00160 and 57% for consumers who qualify for its top credit tier.
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In short, to me 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.
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Hi gort. Audi Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2014 Q5 3.0 Premium Plus with 10,000 miles per year are .00163 and 59% for consumers who qualify for its top credit tier.
The money factor for the Prestige model is the same, but the residual value is much less attractive...4% lower.
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From the information you provided and current Audi Financial Services's MF & RV, it looks like you are leasing the car at MSRP and more.
MSRP $62000 Downpayment $2500 Net Cap Cost $59500 Acquisition Fee $695 Registration $504 MF 0.00161 RV 53%
The lease payment based on above criteria is $1008.24 including tax, fee, registration. So your monthly payment of $1025 is certainly looking quite high.
SQ5 is a new vehicle in demand, thus dealers may not want to discount much. However, If you already own Audi, you get automatic $1000 off. and there is always a room for negotiation, especially in CA where there are many dealers (Greater LA by any chance?)
Hi gb47. If you provide me with this vehicle's MSRP and dealer invoice price I can work up a payment for you. You can find that information in the New Vehicle Pricing section of this site.
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What should I expect to Pay/Lease for a 2014 Q5 2.0 - MSRP Price 47325 - Dealer Discount - 954 = True Price $46371.
How much lower can a Dealer get to invoice Price?
Thanks
Options Below
Premium Plus Package Audi Advanced Key Lighting Package Auto-Dimming & Power-Folding Outside Mirrors Auto-Dimming Interior Mirror w/Digital Compass 3-Step Heated Front Seats 2-Position Driver Side Memory Deep Tinted 2-Panel Panorama Sunroof Power Opening/Closing Tailgate Aluminum Trunk Edge Trim & Door Sills Audi Xenon Plus Headlights
Additional Options Audi Guard Protection Kit Audi MMI Navigation Plus Package 8-Color Driver Information Display Audi Parking System Plus w/Rear View Camera Audi Connect w/Online Services Bang & Olufsen Sound System
I'm being quoted between $570 and $580 per month for a 36 month lease, 15k miles, $5,000 out of pocket for a 2014 q5 premium plus with nav, MSRP around $46,500. The payments seem high to me? What would a good price be for this lease?
The dealer showed me a printout with a payment of $633/mo with $6,000 paid out of pocket (incl. 1st payment, security deposit, tax on down payment, license, title, and documentation). Is this a fair payment? If not, what should it be based on whatever latest lease numbers you have.
You should be able to get much closer, if not below the invoice, the negotiated price seems too high. Additionally, why would anyone want to pay $6K up front, it's way too much, especially considering the resulting monthly payment. Take a look at the earlier posts for better deal numbers. Good luck!
You're essentially agreeing the car will lose 60% of its value (not the case), and you're still only getting 10k miles per year.
You may be able to negotiate the purchase price lower, but mainly you're getting killed on a totally wack estimate of the car's residual value after 3 years.
I haven't begun my own negotiations yet – but I would not agree to those terms.
My 2014 SQ5 is due at the dealer later this month. You were kind enough to share AFS August 2013 lease factors several weeks back. Do you have their September 2013 SQ5 lease factors? Looking at 36 month, 15K miles, SQ5 Premium Plus.
Still trying to understand what is possible in a lease. These 36mo/10k lease offers are from 09/03 - 10/01 at a dealer in St. Louis. Are they good deals?
1) 3.0T Premium Plus, MSRP $45295, $2000 down, $3163 due at signing, security deposit waived, $519/month, purchase for $26724 at end of lease.
2) 3.0TDI Premium Plus, MSRP $47395, $2500 down, $4273 due at signing, security deposit $550, $529/month, purchase for $28437 at end of lease.
The total due at signing includes an acquisition fee of about $695. Does the rest of the amount due at signing go towards the price of the car? For both options, the purchase price at the end of the lease is within $100 of the original purchase price (MSRP) plus the total monthly payments over the lease term. I don't know if that is coincidence. How is the ending purchase price actually calculated?
I used the Edmunds lease article to create a spreadsheet for estimating monthly payment for a lease. It includes an estimate for monthly interest and sales tax. For option 2, it estimates a monthly payment of $567. Does that mean the original price paid was less than MSRP?
It was an interesting day in the process of trying to lease a Q5. The salesman at the local Audi dealer said they require 10% down on a custom build order and that the sales price is MSRP i.e. there is no negotiation. Based on what I have read here I can get a better deal so I have expanded my search to include the nearest cities... I'll keep you posted and thanks for the feedback.
Hoping to negotiate down about 6-7% off MSRP. I'm also curious how much the RV and MF vary from region of the country to the other as well. Thanks in advance.
drryl, that information is definitely not accurate. I have an A5 and was going to order it, they said same terms as one that was on the showroom. I was going to put $1,000 down and purchase price would have been same markdown as one on the lot. If they aren't willing to budge I'd find a different dealer.
Thanks kyfdx! I notice that apparently the MF and residual are better for the SQ5 than they are the Prestige. Is that typically the way it runs? That 5% difference between 52% and 57% is significant....significant enough to help me reach up for the SQ5 which is the one I actually want. I'll have to run the numbers but that's a pretty big delta...the money factor is better to apparently, though barely so.
Thanks kyfdx. One more question....a dealer in my area is trying to say marking up the money factor (from .0017 let's say to well over .002) is standard practice for a dealer. I would think it's standard practice to try, but isn't reasonable to expect that I should be able to get the MF down to the numbers quoted here? My credit is outstanding. Thanks!
It happens more than it doesn't.... With Euro import dealers, it almost is standard practice...
But, you notice how the story has changed? First, the dealer says it's because of the higher mileage allowance.... now, it's because everybody does it..
The reality? When you were finalizing your lease, he was trying to win your business.... Once he had it, and you wanted changes, he sees you as being committed, and uses that to his advantage... Ever build a house? Upgrades are cheap when you are finalizing your contract, but change orders all come at full price...
Tell him you are disappointed that he would try to extract extra profit from you, when what you asked for doesn't cost him anything.. and, then... ask for the base rate that he agreed to, previously... even with the higher mileage allowance...
Comments
Please also post same thing for 2014 Q5 TDI
Thanks!
SQ5
Monsoon Grey
Prestige
Comfort
$2,500 down
15,000 mi per year
36 months
Any advice or thoughts would be appreciated as I am in the process of negotiating the sales price and lease rate with a dealership.
Thanks.
I have ordered a 2014 SQ5 and am hoping for an August delivery. Can you provide the July 2014 residuals and money factors? I ordered a Premium + and am looking for 36 month 15K factors. Thanks!
AFS July MF & RV for Top tier customers
2014 Q5 2.0T Prem/Prem+ 36month, 12k/yr ==> 0.00162 & 57%
2014 Q5 TDI Prem+ 36 month, 12k/yr ==> 0.00160 & 59%
for 15k/yr, subtract 2% RV.
Anything on the 2014 SQ5 Premium +? 36 month, 15K miles/year.
Thanks!
AFS MF & RV for 2014 SQ5 P+ 36 month, 15k/yr for Top Tier customers are (July)
0.00161 & 57%
2014 Q5 3.0T P+, 36month, 15k/yr ==> 0.00163, 56%
2014 Q5 3.0T Prestige, 36month, 15k/yr ==> 0.00163, 52%
2% higher for 12k/yr
Many thanks for your assistance!!!!!!
The numbers for an otherwise identical lease of a 2014 model are .00162 and 57%.
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The numbers for an otherwise identical 36-month lease are .00121 and 54%.
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In short, to me 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.
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The money factor for the Prestige model is the same, but the residual value is much less attractive...4% lower.
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What purchase price and/or lease payment would be reasonable for a
SQ5
Monsoon Grey
Prestige
Comfort
I am looking at the following lease in CA and have negotiated the following lease:
$2,500 down
15,000 mi per year
36 months
$1,025 Monthly payment including taxes, fees, etc.
Thanks in advance.
Much appreciated.
And, I assume that AFS will still add 1% to the residual for purchasing AudiCare, correct?
What lease payment/terms would be reasonable for a Q5 premium plus?
Thanks!!
MSRP $62000
Downpayment $2500
Net Cap Cost $59500
Acquisition Fee $695
Registration $504
MF 0.00161
RV 53%
The lease payment based on above criteria is $1008.24 including tax, fee, registration. So your monthly payment of $1025 is certainly looking quite high.
SQ5 is a new vehicle in demand, thus dealers may not want to discount much. However, If you already own Audi, you get automatic $1000 off. and there is always a room for negotiation, especially in CA where there are many dealers (Greater LA by any chance?)
Good luck~ SQ5 is going to be awesome Q5!
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What should I expect to Pay/Lease for a 2014 Q5 2.0 - MSRP Price 47325 - Dealer Discount - 954 = True Price $46371.
How much lower can a Dealer get to invoice Price?
Thanks
Options Below
Premium Plus Package
Audi Advanced Key
Lighting Package
Auto-Dimming & Power-Folding Outside Mirrors
Auto-Dimming Interior Mirror w/Digital Compass
3-Step Heated Front Seats
2-Position Driver Side Memory
Deep Tinted 2-Panel Panorama Sunroof
Power Opening/Closing Tailgate
Aluminum Trunk Edge Trim & Door Sills
Audi Xenon Plus Headlights
Additional Options
Audi Guard Protection Kit
Audi MMI Navigation Plus Package
8-Color Driver Information Display
Audi Parking System Plus w/Rear View Camera
Audi Connect w/Online Services
Bang & Olufsen Sound System
Would appreciate your insight into the following lease options (considering both cars)
Q5 2.0 and TDI
10K Miles / Year
36 month term
Stellar credit
Audi Supplier Discount (MSRP-6%)
Would you please share with me the latest MF and Residuals?
Thanks!
I am considering two cars. Both 2014 Q5. Can you tell me the MF and Residual for each @ 12k/mi at 36 and 39 months?
Config 1:
2.0T Prem Plus
Sport Package
B&O
sticker price 43745
Audi Supplier Price 41120
Audi Loyalty -1000
Selling price 40120
Config 2
3.0T Prem Plus
Sport Package
B&O
sticker price 46645
Audi Supplier Price 43846
Audi Loyalty -1000
Selling Price 42846
regards,
kyfdx
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I'm being quoted between $570 and $580 per month for a 36 month lease, 15k miles, $5,000 out of pocket for a 2014 q5 premium plus with nav, MSRP around $46,500. The payments seem high to me? What would a good price be for this lease?
Thanks very much
MSRP: $47,845
Invoice: $44,564
Tentative Negotiated price: $46,845
The dealer showed me a printout with a payment of $633/mo with $6,000 paid out of pocket (incl. 1st payment, security deposit, tax on down payment, license, title, and documentation). Is this a fair payment? If not, what should it be based on whatever latest lease numbers you have.
Thank you!
cb4
Additionally, why would anyone want to pay $6K up front, it's way too much, especially considering the resulting monthly payment. Take a look at the earlier posts for better deal numbers. Good luck!
$6000 + ($633 * 36 months) = $28,788
You're essentially agreeing the car will lose 60% of its value (not the case), and you're still only getting 10k miles per year.
You may be able to negotiate the purchase price lower, but mainly you're getting killed on a totally wack estimate of the car's residual value after 3 years.
I haven't begun my own negotiations yet – but I would not agree to those terms.
My 2014 SQ5 is due at the dealer later this month. You were kind enough to share AFS August 2013 lease factors several weeks back. Do you have their September 2013 SQ5 lease factors? Looking at 36 month, 15K miles, SQ5 Premium Plus.
Thank you, sir!
1) 3.0T Premium Plus, MSRP $45295, $2000 down, $3163 due at signing, security deposit waived,
$519/month, purchase for $26724 at end of lease.
2) 3.0TDI Premium Plus, MSRP $47395, $2500 down, $4273 due at signing, security deposit $550,
$529/month, purchase for $28437 at end of lease.
The total due at signing includes an acquisition fee of about $695. Does the rest of the amount due at signing go towards the price of the car? For both options, the purchase price at the end of the lease is within $100 of the original purchase price (MSRP) plus the total monthly payments over the lease term. I don't know if that is coincidence. How is the ending purchase price actually calculated?
I used the Edmunds lease article to create a spreadsheet for estimating monthly payment for a lease. It includes an estimate for monthly interest and sales tax. For option 2, it estimates a monthly payment of $567. Does that mean the original price paid was less than MSRP?
Thanks,
cb4
cb4
Thanks for all the assistance you give in this forum. Much appreciated.
I'm curious about the MF and residual factor for:
2014 Q5 Prestige
S-line package
Driver Assist Package
MSRP = $59,750
Hoping to negotiate down about 6-7% off MSRP. I'm also curious how much the RV and MF vary from region of the country to the other as well. Thanks in advance.
.00167 and 57% for 2014 SQ5 Premium Plus
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2014 Q5 Prestige
S-line package
Driver Assist Package "
.00170 and 52% residual... 36 mo., 15K/yr
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Appreciate the assistance.
The spread is about 4 percentage points, with either the Q5 or the SQ5..
Q5 3.0T Premium Plus = 56%
Q5 3.0T Prestige = 52%
SQ5 Premium Plus = 57%
SQ5 Prestige = 53%
(36mo/45K)
So... skip the Prestige package and get a loaded up Premium Plus, and you'll save a lot on an Audi lease..
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But, you notice how the story has changed? First, the dealer says it's because of the higher mileage allowance.... now, it's because everybody does it..
The reality? When you were finalizing your lease, he was trying to win your business.... Once he had it, and you wanted changes, he sees you as being committed, and uses that to his advantage... Ever build a house? Upgrades are cheap when you are finalizing your contract, but change orders all come at full price...
Tell him you are disappointed that he would try to extract extra profit from you, when what you asked for doesn't cost him anything.. and, then... ask for the base rate that he agreed to, previously... even with the higher mileage allowance...
regards,
kyfdx
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