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Audi Q5 Lease Questions

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Comments

  • Can you provide September terms for a 2010 Q5 Premium Plus -- 36 months, 15k/year? Also, does Audi have a MSD program similar to BMW? Thanks!
  • Please let me know what dealer and the saleperson you worked with for this deal.

    Thanks.
  • where are the 2010s? I am looking for a silver with black interior and there appears to be one in the whole of southern california. Seems the cars are selling/leasing just a little under msrp.... I am in the market for one now, or in the next few weeks. any advice?
  • I ordered a 2010 back in June and it's finally at port as of yesterday. Going to take delivery in 14-21 days. I ordered a premium plus, meteor grey with cinnamon interior, and 19" wheels. I haven't had much luck negotiating a super deal on this vehicle because of the demand and lack of inventory. The last quote I got was $3500 down, 15K per year, and a payment of around $675 per month. 36 month lease.
  • Hi tsol. Here's the info that you requested. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 Q5 3.2 Premium Plus with 12,000 miles per year are .00108 and 50%, respectively. If you were to lease this truck with only 10,000 miles per year, its residual value would be 1% higher.

    Car_man
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  • Hi telebump. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In answer to your specific questions, no the dealer does not really care whether you are leasing your new vehicle or paying cash for it. You should be able to negotiate an attractive selling price on any sort of deal. The only difference is that Audi may have some cash incentives that are not compatible with its special lease program.

    You can trade in your current vehicle when you lease a new one. However, since it is never a good idea to make a large down payment when leasing, you would be better off having the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a capitalized cost reduction for your lease.

    The articles that I linked above will explain what residuals and money factors are for, but in short monthly lease payments are made up of two parts, interest and depreciation. A vehicle's residual value is used to calculate the depreciation portion of a lease. The money factor is used to calculate the interest portion.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi womble. Here you go. Audi Financial Services' current buy rate lease money factor and residual value for a 2010 Q5 3.2 Premium Plus with 12,000 miles per year are .00108 and 50%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey Carman,
    Below is the advertised lease offer on a premium plus Q5. Tried to back out the numbers and with 0.00108 MF and 51% residual it looks like audi took $1250 off MSRP of $42,225.

    I will need to do 12K miles instead of 10K so I took residual down to 50% and the payment is about 12 dollars higher. How much better you think we can do here?

    Thanks for the advice on the Ford BTW, you were right on no lease there. Looks like father in law will go with the Tundra

    2010 Audi Q5 Premium Plus
    $549* lease per month for 36 months
    Now through November 2, 2009

    Down payment: $1,999
    Refundable security deposit: $550
    Acquisition fee: $625
    First month's payment: $549
    Amount due at lease inception: $3,724
    Excludes taxes, title and dealer fees

    *36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 11/2/2009. Rate based on $42,225 MSRP of 2010 Audi Q5 Premium Plus (includes destination charge). Purchase option at lease end for $21,535.

    Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end. See dealer for details.
  • Just came back from a Audi dealer & gave me the following

    2010 Q5 36 month/10 miles
    Premium pkg
    Panorama sunroof
    music interface
    Rear side airbags
    Heated front seats
    Bluetooth

    gave me $4000 dn. incl tax,sec,1 month & fee
    36/$575

    Is this a good deal?
  • You're welcome audimanhouston. The 2010 Q5 Premium Plus that you mentioned probably has a spread of around $2,800 between its full MSRP and its dealer invoice price. I wouldn't be surprised if you were able to do better than a $1,250 dealer discount on this truck. Aim for another $500 to $1,000 off on top of that ($1,750 - $2,250 discount) and see what happens. The worst a dealer can do is say no.

    Car_man
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  • Car_man

    I was just quoted for a premium plus with mmi 12K lease a money rate of .00125. I am in the audi supplier progam so the price was not negotiable (under invoice). Why would my rate be different? My credit is excellent but my $ due at signing seems to be below what people are posting.

    Thanks,

    Andy
  • Does anyone know if Audi program allows multiple security deposits? If so, by how much each reduce the money factor? Thanks.
  • Hey Andy. I'm not sure why the dealer quoted you a slightly different money factor for the car that you're interested in. The .00108 factor that I mentioned earlier was definitely correct and it is still available. It's not a huge difference, but it's worth asking the dealer about.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • tsol:

    I think $800 over invoice on that equipment on a car in low supply is pretty close to a steal. I'd say a steal would be about $500 over invoice. Audi does not have holdbacks, so the dealer made less than a 2% profit on that vehicle most likely. If they had to take that deal all the time, the sales department would go belly up fast.
  • I've called dozens of Audi Dealers in the NY, PA, CT, NH, RI, OH area. There were maybe 3 cars on the ground that met my specs (Deep Sea Blue (Brown or Beige), Premium Plus + Nav, 19" 5-Spoke wheels). I was ok with B&O or more equipment too, airbags, mats, etc... Let me just say that any dealer with that actual car was unwilling to trade to any other dealer and only willing to reduce the price by $750. Considering I would have to fly and drive home, that's hardly a discount. I'm trying to work with my local dealer now to get me that car and keep the money in our local economy and save me a trip. Is anyone else running into the same scenario? Oh, most dealers also wanted to charge me an additional $300 for their bogus "doc" fee that they print right into their contracts.
  • Hi Audimanhouston

    Where did you find this lease deal? I am also looking for a similar deal and if I get this one in my state, I would be first one to grab it. Which state are you from?

    Thanks
  • dpixdpix Posts: 7
    I'm currently in the market for a Q5 Premium Plus and this will be my first lease.... Although the price I was quoted for a 2010 Premium Plus was not attractive to me @ $628/month with 12k miles. I am currently requesting the price break down for how they arrived at this price and trying to lower it if possible.

    My question though is related to my trade in, edmunds.com calculators lists my trade in @ approx $6500. If for example $4000 is needed at inception of lease, can the trade-in be used and the dealer cut a check for the difference, as depending on how much there are willing to give on trade-in ofcourse?

    Is this possible? My guess is this should be worked out in advance, just wondering if this is standard or dealers require customer to come with some cash

    Thanks in advance
  • Use an auto lease calculator like this one: http://www.leaseguide.com/calc.htm to play with the costs and interest/mf, and residual.

    I'm not sure how your vehicle is equipped, so I don't know the MSRP. Use that leaseguide.com site (read the articles) to see what expenses are in a lease and how everything is calculated and what can and can't be negotiated. Put ZERO down on a lease, never pay cash to reduce the capitalized cost of the vehicle (the actual negotiated selling price). You'll learn the reasons for this if you read articles about leasing.

    Remember, there are 3 deals when buying/leasing a car and there are 3 distinct ways dealers make money. 1. The price of the new car, 2. The Financing, 3. The price they pay for your used car. Always ask for more of a discount on the car you are buying and more money for your trade-in. You will probably have a hard time getting a large discount on the Q5 but don't let them steal your trade-in. To get the best deal, always walk away from the deal the dealership is offering you and never call them back or inquire again. Let them come to you. If they don't call you back within a few days, you know they are at the best deal they are willing to offer you. You can always play dealers against each other too. Of course, you have to weigh out how much your time is worth to play these games.
  • Hi dpix. It is in your best interest as a consumer to put as little money down as possible when leasing. Consumers who make large payments at lease signing on vehicles risk losing part or all of that money if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you will be much better off going with a zero down lease.

    As far as your trade goes, you absolutely can have the dealer cut you a check for any equity that you have in it. I've don it before. That is a much better idea than using the proceeds from it as a capitalized cost reduction for your new lease. Just make sure that you tell the dealer that's what you want to do.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • dpixdpix Posts: 7
    Great....... Thank you sooo much
  • jayriderjayrider Posts: 3,602
    Car-man -- does gap insurance help if you put a chunk down and the car gets totalled?
  • I paid 500 over invoice after working on two dealers in new york city area. Love this car, it make me smile when i drive.
  • Guys - was offered the following - what do you think?

    2010 Audi Q5
    Premium plus Navigation and B&O Sound System Upgrade MSRP is $46,550
    15,000 Miles/year
    36 Month Lease
    Blue on Black (i.e. more expensive paint)
    $3000 down (nothing more, includes 1st payment)
    $698 per month (Includes everything, i.e. tax)
    Audi Care included
  • Hey - what was the MSRP for that offer? did it include Navigation? thanks for the info... have a similar offer after a whole bunch of back and forth...

    Love the car...

    if you bought already, what do you think?

    Check out post 206 and that is exactly what I got offered
  • What state did you get that deal offer from? I'm assuming that it isn't NY state where you pay tax up front and that your $3000 down is contributing to a capital cost reduction. If that's in NY state, then you are getting an amazing deal.

    I'm sure someone can get a deal on a car that is in front of them, but to get a dealer to seriously lift a finger, on a car they don't have, I doubt a $500 over invoice will cut it.
  • dssxxxxdssxxxx Posts: 69
    Well, again I will post that the Q5 w/prestige was 6% off list, which I was told was below tissue. This was for a car ordered in May/June and delivered in August. It was the 2010 Q5 Meteor Grey. This is a puruchase, not a lease.

    Dealer was JD in northern NJ.
  • Been working on this exact car all week. List price I'm looking at is $47,415. Has 19" tires, B&O, and Nav. Best deal until today was $713 NO money down except tax and inception fees- around $2300 total. Call BELL AUDI in Woodbridge. If you seriously want to take a car today, they probably will beat any offer. They have one Prestige in stock, black/black, was offered it today, 36mo, 10,000mi/yr, $49+ list for $717 with around $3200 out of pocket. Easily the best deal I found. But I just don't want a black car!!
  • what dealer? thats a good price and if i could get one with nav I would for for it.
  • I went ahead and signed a lease last week for the numbers shown in my original post..

    I signed the lease through BELL Audi in Edison, NJ.

    They had 15 Q5s in stock last week, but are down to 10 this week (end of month push I assume). By far they seem to have the most available in NJ.

    My specs were Dark Blue on Black (by far best colors in my opinion), Premium Plus, Navigation, B&O Upgrade... MSRP $46,550

    $3000 total due at signing (about $1100 went to Cap Cost reduction, the rest was 1st payment, Audi Bank Fee, Other fees).
    $698 per month (includes tax)
    36 months and 15,000 miles per year

    I love the car so far... but I only have 100 miles on it.
  • In my research, Bell Audi has been the MOST AGRESSIVE in their pricing. I would have leased m car from them had it not been black/black!!
This discussion has been closed.