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Audi Q5 Lease Questions

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Comments

  • allchemieallchemie Posts: 6
    The Atlanta area summer deal event seems to have a residual of 49%. The MSRP $42,800 X 0.49= $20,972, which is the price you can purchase the Q5 after the 3 year lease is done. The financed part if one takes the full MSRP $42,800 - $20,972 = $21,828, which is the amount depreciated and financed. $21,828 divided by 36 months = $606.333. Since I'm sure they aren't financing at less than 0%, it is likely the sales price of the vehicle is at least $1,000 less then the MSRP.

    Greg
  • yueluyuelu Posts: 3
    Hello car man,

    Could you please let me know the current money factor and residual value for Q5 Premium and Premium Plus available for June (the Summer Event), 10k or 12k miles/yr, if you have the information? I am in CT, if they vary by region. Thanks in advance.
  • rpr2rpr2 Posts: 2
    Can you give more specifics please. How much and what were the options?
  • rpr2rpr2 Posts: 2
    I am looking at the Q5 premium with heated seats, sun roof, homelink, symphony radio 12,000mi/yr, 6.5 % tax 3 years no money down. How much is the best lease out there?

    Currently live in Ohio.

    Also, would prefer the latest unit with the softer A4-steering. Also would consider a premium plus.

    Rich
  • womblewomble Posts: 28
    hi, looking for money factor and residuals on Q5 with premium plus, 12,000 miles, 36 mths, tier 1 in southern cali. And the $599 a month summer event, that payment doesn't include tax, right? thanks! Anyone bought a Q5 recently and loved driving it? my lexus rx400h is at the end of its lease term. Drove the Q5 and it felt less powerful, but the rx350 does not appeal to me and who knows when the much pricier rx450h will make it to the dealerships.
  • markd4markd4 Posts: 1
    Just picked up a Premium Plus with Nav, black/beige. $592/month for 36 months with 12K/year, includes Audi Care and ski rack. 3000 trade-in and 1500 down (total 4500 down). Lots of fun to drive - hope this helps. Lease was done in the Dallas-Ft Worth area. Good luck.
  • lakeshow1lakeshow1 Posts: 6
    I think you overpaid unless you paid drive off costs. I got the same offer for $675 including tax with only drive off down. I am also being offered car at invoice.
  • Congratulations on getting your new Q5, dellyson. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi martin76. Audi Financial Services' current buy rate lease money factor for a 36 month lease of an '09 Q5 is indeed .00036. As you mentioned, this is equivalent to an interest rate of around 0.864%...less than 1%.

    Audi is waiving the first month's payment on leases of this truck right now, but I don't believe that it is currently providing any conquest cash on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello yuelu. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q5 Premium with 12,000 miles per year are .00036 and 50%, respectively. The numbers for an otherwise identical lease of an '09 Q5 Premium Plus are .00036 and 48%. This is a national program that does not vary by region.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ipipip316ipipip316 Posts: 14
    Hi Carman:
    Got a quote from NYC Dealer which claim there are out of stock on all 2009 Q5. And they have one from customer canceled order. Q5 Black with Premium Plus +Navigation package.
    36 Month
    10K/year
    $630.00 per month
    $2700 due at signing (NYC 8.375% and bank fee up front)

    Is it a good deal or should I wait for 2010 Q5?

    Thanks
  • lakeshow1lakeshow1 Posts: 6
    I got same deal for about 50 less a motnh. $675 including tax,
  • Hello womble. Audi Financial Services' 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 .00036 and 48%, respectively.

    Manufacturers' official advertised lease payments never include sales tax. In fact, savvy consumers who are in areas that have a decent level of competition are usually able to beat manufacturers' advertised leases by negotiating a lower selling price.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • womblewomble Posts: 28
    Thanks, car man. Is there generally a "good" month to buy or lease a car in? I'm in no hurry and could wait as long as september to lease...
  • ipipip316ipipip316 Posts: 14
    Hi Car man:

    Do u know what is the different on monery factor for Tier A and Tier B credit?

    thanks
  • psu1226psu1226 Posts: 17
    Hi Car man:

    Do you know if similar MF and Residuals will be offered by Audi Financial Services in the 2010 Audi Q5s? I heard that they will be available some time in August. I am very interested in leasing one with Premium Plus and S-Line package but I am not sure if it is smart to wait for the 2010 or not.

    Any input would be appreciated.
  • ibush01ibush01 Posts: 6
    How does this deal sound?

    09 Q5 Premium Plus

    MSRP 42325
    Sale 40425
    resid 46%
    MF .00036

    36mo/15k for $603.66 (plus tax)

    With 625 acquisition fee and 150 tags only due at signing.

    Tax brings this truck to 657.99/mo.

    Seems like a good price -- but I'd like Audi Care, too. Should I push to add at quoted price? Or can I do better?
  • I'm currently negotiating to lease a Q5 Premium with a few standalone options, and thanks to this forum, i felt like I had the upper hand (or at least was getting a fair deal). Until the salesperson mentioned $2k in "drive-off fees". I know there are some fees associated with a lease, but this seems awfully high. Am i being taken for a ride?
  • psu1226psu1226 Posts: 17
    @ibush01:

    I think you got a nice deal. Maybe could have been a bit better in the next month or 2 as I hear that the 2010 will be coming in, but inventory on 09 could be running low.
  • lakeshow1lakeshow1 Posts: 6
    I think you can get $625 including tax...that is what I was offered for that deal.
  • psu1226psu1226 Posts: 17
    That is probably with 12,000 miles a year
  • aquaman2aquaman2 Posts: 7
    I live in State of California(Los Angeles) and looking to lease a 2009 Audi Q5 with Premium Pkg for 36 months at 10K per year. So far, the best deal I have got is $569/month for 35 months(Audi' rebate takes care of first month) with Zero down and drive off is at $1,200. How does this deal sound?
  • briguy8briguy8 Posts: 1
    I want to lease a 09 Q5 prestige package. I got a quote of the following and think I am getting ripped off, please help me:

    MSRP: 50240
    Selling Price: 49540
    Rebate: 1000
    Residual 45%
    12k/36 months

    I don't know what the money factor is but the financing would be through Audi.
  • You're welcome, womble. It's tough to generalize about when the best time to lease is. We are rapidly approaching the end of the 2009 model year. Vehicles' residual values gradually fall as the model year progresses. Manufacturers usually offset this drop in residuals by lowering the money factor that they charge on vehicles. However, it eventually gets to the point that it is too expensive to offer an attractive lease payment on leftover models and they pull the plug on leasing.

    If I had to make an educated guess, I'd say that Audi's lease program on '09 models is probably about as good as it is going to get right now. It still has a window of another month or two where it could crank up lease support on certain models if it wanted to, but I'm not sure that it will.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi ipipip316. I'm sorry, but I have not seen Audi Financial Services' money factors for any credit tier other than its top one. If I am not mistaken, I believe that AFS is actually fairly lenient about what credit scores it allows to qualify for its top tier anyhow.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi psu1226. Is your username a reference to Penn State? If so, go lions. I'm a big fan. Audi has not introduced a lease program for 2010 models yet. I don't think that the '10 Audis have even started to arrive at dealers yet. AFS probably won't launch a lease program on them until they do. It is difficult to say what the '10 Q5's lease program will be like when it launches.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I;m glad that you have found this discussion so helpful, ddyouandme. Normally at lease signing, Audi Financial Services charges a security deposit, acquisition fee, and first month's payment at lease signing. However, as part of the "Summer of Audi Event," which coincidentally is currently being advertised in the ad box to the right, Audi is waiving its security deposit requirement and the first month's payment on all Audi models, including the Q5. As a result, $2,000 sounds like an awful lot of money to have to pay at lease signing. You definitely ask the dealer to break it down for you. When you get an explanation of what it includes, let us know. I usually advise consumers to put as little money down as possible when leasing.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • That doesn't sound like a great deal at all. I just leased a 09 Q5 with a MSRP of 41650 ( a little less than yours) for 12k for $505.00 with $1500 down and Audi waived the first months payment as part of The Summer of Audi event. I didn't get the Premium plus with navigation but I am sure that feature can't be $200 more a month. It is an amazing vehicle but that price is way too high!
  • Does anyone know the mythical credit score requirement for Tier 1 credit? I already picked up my car but am now starting to wonder if I was told I didn't make tier 1 just for them to add some money back onto a really good deal they were matching from another dealer. I am suspicious now because I was told 720, but then some people at that score in different forums were told 830 so I am wondering if they use that as leverage to add to the payment. I was tier 1 no problem with BMW and am just under 700.
  • edwellsedwells Posts: 1
    Los Angeles area lease under "Summer of Audi" program

    Brilliant Black w/ Cardamon Interior
    Premium Plus w/ MMI Nav (MSRP $45,325 includes $825 destination fee)
    $638 drive off (CA license fee, CA DMV electronic filing, CA tire fee)
    $678 mo (excluding tax)
    36 month/10,000 miles
    Audi Care maintenance pkg
    $100 gift certificate for parts/accessories

    MSRP $45,325
    Vehicle Capital cost $44,425
    Gross Capital cost $45,835 (incremental cost over vehicle is maintenance plan, acquisition fee, document fee)
    TMV $42,733
    Invoice $42,210

    Residual increased by 2% with the Audi Care maintenance pkg
    $400 charge at end of lease if all scheduled maintenance has not been performed by an Audi dealer and stamped in the maintenance book
    $350 charge at end of lease to buy the car

    I've had previous leases for Toyota, Lexus, and BMW. Used a broker on all previous leases.

    Key Points

    Didn't know about the dealer quotes off Edmunds. Use them to start the negotiation process.

    If the dealer has a couple of cars (color etc) that meet what you want, take the lease info and leave the dealership. Study the info and you return later in the day or the next day.

    If you don't take the Audi Care pkg, does the $400 charge at end of lease for scheduled maintenance still apply.

    If you know of someone who has leased a vehicle recently, ask for a copy of their lease agreement so that you can see how the numbers come together.

    Key is to bring the capitalized cost down as low as possible through negotiation asking for free maintenance plan (the other offset to capitalized cost is your money down)

    Bottom Line

    Don't beat yourself up about the price you pay, learn from the experience. If the lease decision was all about price, you wouldn't be looking at an Audi.
This discussion has been closed.