2015 Audi Q5 Lease Questions

ctchooey

Hello, I would greatly appreciate if you could share the MF and residual for the following 2015 Q5 models (all would be for 36 months and 12k/yr): 2.0 TFSI Premium Plus, 3.0 TFSI Prestige and SQ5 Premium Plus? Are there any other specials this month or another lease term that would have more favorable terms? Thank you so much for the help.

Michaell

ctchooey said:

Hello, I would greatly appreciate if you could share the MF and residual for the following 2015 Q5 models (all would be for 36 months and 12k/yr): 2.0 TFSI Premium Plus, 3.0 TFSI Prestige and SQ5 Premium Plus? Are there any other specials this month or another lease term that would have more favorable terms? Thank you so much for the help.

2.0T - .00123 and 55%

3.0T - .00116 and 53%

SQ5 - .00119 and 58%

blueline

I'm looking for a Q5 3.0 TDI with the Technology Package. I'm planning on paying $0 out of pocket (Sign and Drive) and making a monthly lease payment from $500 to $600 / month on a 36,000 mile 3 year lease. Has anyone out there been in that ballpark??? I know it would be an outstanding deal, but just wanted to see who came the closest.

Michaell

blueline said:

I'm looking for a Q5 3.0 TDI with the Technology Package. I'm planning on paying $0 out of pocket (Sign and Drive) and making a monthly lease payment from $500 to $600 / month on a 36,000 mile 3 year lease. Has anyone out there been in that ballpark??? I know it would be an outstanding deal, but just wanted to see who came the closest.

.00114 and 58% for TDI Premium Plus. We would need to know the MSRP and net cap cost (including any fees, taxes being rolled in) to model a payment for you.

blueline

.00114 and 58% for TDI Premium Plus. We would need to know the MSRP and net cap cost (including any fees, taxes being rolled in) to model a payment for you.

Not looking to have a payment model Michaell. Just wanted to see for the package I put out there, what the best monthly lease someone achieved with 0$ down on a 36 month (12,000 miles / year). Thanks

baratheon1

First time lessee here. I'm looking to lease the Q5 TDI Premium Plus 36mos/7500 mi, California sales tax 9%. It has the technology package and upgraded sound system. Here is what I've gotten it down to. I feel it is a good enough deal. But would appreciate some comments and have some questions before i head to the dealership.

M.S.R.P.: $ 53,825.00
Selling Price: $ 49,600.00
Audi Care: $ 860.00
Cash Cap Reduction: $ 62.63
Capped Fees : $ 775.00
Adjusted Cap Cost: $ 51,172.37

Residual %: 61.00%
Residual Value: $ 32,833.25
Term: 36
Rate: 0.00114
Upfront Fees (W): $ 37.75
Lic/Reg Upfrt (W): $ 436.00
Total Taxes (W): $ 1,911.68

Amount Due At Start: $ 1,200.00
down payment: $0

Base Monthly Rental: $ 605.19
Total Monthly Payment: $ 658.14

1. I got approved on B tier, don't know why but my credit score is 770. I said I can give a copy of my current Experian report ( all three bureaus have it at 770) but he replied by saying their bank check shows me at 690 and it wouldn't matter what kind of report I gave. They will stick with what they have. So the updated rate is now 0.00154. He never showed me a copy of THEIR credit report. How can that be? I believe he just marked it up using "their" credit report as an excuse to justify it .
2. What are capped fees usually? He said it is an acquisition fee. Isn't that supposed to be included in the MSRP and any selling price should thus include it or a portion of it?
3. I said $0 downpayment, but there is a silly cap reduction cost of $62.63. What the heck happened there?
4. Whatever that capped fee turns out to be, isn't it better to exclude it from the adjusted cap cost? Also just pay Audi care upfront? And keep the ACC basically at selling price.
5. So the final drive off price will be $1200 + Audi care (with sales tax) + that capped fee i am wondering about.
Is this acceptable to do? Most in this forum always say the less money out at the start, the better.

kyfdx

baratheon1 said:

First time lessee here. I'm looking to lease the Q5 TDI Premium Plus 36mos/7500 mi, California sales tax 9%. It has the technology package and upgraded sound system. Here is what I've gotten it down to. I feel it is a good enough deal. But would appreciate some comments and have some questions before i head to the dealership.

M.S.R.P.: $ 53,825.00
Selling Price: $ 49,600.00
Audi Care: $ 860.00
Cash Cap Reduction: $ 62.63
Capped Fees : $ 775.00
Adjusted Cap Cost: $ 51,172.37

Residual %: 61.00%
Residual Value: $ 32,833.25
Term: 36
Rate: 0.00114
Upfront Fees (W): $ 37.75
Lic/Reg Upfrt (W): $ 436.00
Total Taxes (W): $ 1,911.68

Amount Due At Start: $ 1,200.00
down payment: $0

Base Monthly Rental: $ 605.19
Total Monthly Payment: $ 658.14

1. I got approved on B tier, don't know why but my credit score is 770. I said I can give a copy of my current Experian report ( all three bureaus have it at 770) but he replied by saying their bank check shows me at 690 and it wouldn't matter what kind of report I gave. They will stick with what they have. So the updated rate is now 0.00154. He never showed me a copy of THEIR credit report. How can that be? I believe he just marked it up using "their" credit report as an excuse to justify it .
2. What are capped fees usually? He said it is an acquisition fee. Isn't that supposed to be included in the MSRP and any selling price should thus include it or a portion of it?
3. I said $0 downpayment, but there is a silly cap reduction cost of $62.63. What the heck happened there?
4. Whatever that capped fee turns out to be, isn't it better to exclude it from the adjusted cap cost? Also just pay Audi care upfront? And keep the ACC basically at selling price.
5. So the final drive off price will be $1200 + Audi care (with sales tax) + that capped fee i am wondering about.
Is this acceptable to do? Most in this forum always say the less money out at the start, the better.

1) The B-tier rate is .00040 over the A-tier rate.. I certainly wouldn't take a deal on B-Tier credit, if I was A-Tier.

2) Acquisition fee is $695 and CA dealer doc fee is capped at $80.. Those are normal.

3) Just rounding off your upfront money to an even number.

4) I like to roll everything that is taxable into the lease payment. It's not really "better", either way. But, there are reasons.

5) See answer to #4.

It looks like a good deal, but I would insist on A-Tier or shop elsewhere.

baratheon1

kyfdx said:

1) The B-tier rate is .00040 over the A-tier rate.. I certainly wouldn't take a deal on B-Tier credit, if I was A-Tier.

2) Acquisition fee is $695 and CA dealer doc fee is capped at $80.. Those are normal.

3) Just rounding off your upfront money to an even number.

4) I like to roll everything that is taxable into the lease payment. It's not really "better", either way. But, there are reasons.

5) See answer to #4.

It looks like a good deal, but I would insist on A-Tier or shop elsewhere.

Thanks for your inputs kyfdx.

And I learned a lot about leasing reading through the entire thread. Really helpful info- so I guess, thanks to all forum participants too.Took those ideas back with me to the dealership.

So we negotiated on the MF and ended up with 0.00118. Although they said I was still B-tier. Huh?! Anyway I was happy with that- whichever tier I was classified in.

Monthly is $586.61 pre-tax and $639.40. Great deal and thus signed the lease.

flightnurse

Ask to see the report they have on you.. If you are truly A tiered then do not settle for anything else.

Michaell

flightnurse said:

Ask to see the report they have on you.. If you are truly A tiered then do not settle for anything else.

Also, it might be time to consider working with a different Audi dealer.

gss0279

Is this a good deal:
Q5 3.0T List $51,625.00
15K miles a year
36 months
6% off list
$689.00 month. See the sheet below.

Michaell

gss0279 said:

Is this a good deal:
Q5 3.0T List $51,625.00
15K miles a year
36 months
6% off list
$689.00 month. See the sheet below.

My numbers work out the same ... $689/mo. Only way to make this better is to get more off the sticker price or use MSD to buy down the MF.

gss0279

How does MSD's work? I'm not familiar with that term. Thanks for the help.  

Michaell

gss0279 said:

How does MSD's work? I'm not familiar with that term. Thanks for the help.  

MSD - multiple security deposit. Each MSD, in the amount of the monthly payment rounded up to the next $25, lowers the MF by .00005. Audi allows 9 of them for any one transaction.

You get the money back at the end of the lease.

borusik83

Hello, looking for the RV and MF in Illinois for 2.0 Premium and premium Plus. 36/12.
Thanks.

kyfdx

borusik83 said:

Hello, looking for the RV and MF in Illinois for 2.0 Premium and premium Plus. 36/12.
Thanks.

.00123 MF and 58%/55% residual for Prem/Prem+

luckyduck369

Hello, newbie here. This is a fabulous thread. Thanks for the help in advance.

(1) Would you please tell me the residual and MF for 3.0T PP/ 2.0T PP/ TDI PP at 10k and 12k with 36 month and 42 month? (sorry, that's gonna be a lot of numbers)

(2) The dealer told me that in Illinois the rent charge is based on "adjusted cap + residual", which way exceeds the car price. Is this true or he's ripping me off?

(3) Using the MF .00123 as an example, if I make 9 MSD, I can get this down to .00078?

Thanks!

kyfdx

luckyduck369 said:

Hello, newbie here. This is a fabulous thread. Thanks for the help in advance.

(1) Would you please tell me the residual and MF for 3.0T PP/ 2.0T PP/ TDI PP at 10k and 12k with 36 month and 42 month? (sorry, that's gonna be a lot of numbers)

(2) The dealer told me that in Illinois the rent charge is based on "adjusted cap + residual", which way exceeds the car price. Is this true or he's ripping me off?

(3) Using the MF .00123 as an example, if I make 9 MSD, I can get this down to .00078?

Thanks!

12K/yr residuals. Add 1% for 10K/yr

3.0T P+: .00116 MF and 57%. .000136 MF and 53%
2.0T P+: .00123 MF and 55%. .00163 MF and 51%
TDI P+: .00114 MF and 58%. .00154 MF and 54%.

2) Yes.. the calculation is designed to get an average of (adjusted cap + residual). The money factor includes an adjustment to divide that number by 2.

3) Not that familiar with Audi's program.... but, if it's 9 deposits and .00005 reduction for each one, then yes, your calculations are correct.

luckyduck369

kyfdx said:

2) Yes.. the calculation is designed to get an average of (adjusted cap + residual). The money factor includes an adjustment to divide that number by 2.

Thanks for the quick reply kyfdx. Really appreciate it.

I didn't quite understand the part about adjust the MF to divided the number by 2. Does this mean the MF will be further divided by 2 or the MF you provided is specific for Illinois, in other words, for example, in another state where they calculate rent charge based only on adjusted cap, their MF will be double the numbers you provided?

Thanks again!

Michaell

luckyduck369 said:

kyfdx said:

2) Yes.. the calculation is designed to get an average of (adjusted cap + residual). The money factor includes an adjustment to divide that number by 2.

Thanks for the quick reply kyfdx. Really appreciate it.

I didn't quite understand the part about adjust the MF to divided the number by 2. Does this mean the MF will be further divided by 2 or the MF you provided is specific for Illinois, in other words, for example, in another state where they calculate rent charge based only on adjusted cap, their MF will be double the numbers you provided?

Thanks again!

No, the MF nor the rent charge change based on state. The (adjusted cap + residual) is used to determine the rent charge each month.

luckyduck369

Thanks for the clarification Michaell.

On a separate note, for msrp 49825, acquisition 695, doc 193.43, title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800. Total due at signing is 995.68 (ttl + 1st month pmt). Is it the right amount? My own calculation is around $30 off. Thanks for the help.

Michaell

luckyduck369 said:

Thanks for the clarification Michaell.

On a separate note, for msrp 49825, acquisition 695, doc 193.43, title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800. Total due at signing is 995.68 (ttl + 1st month pmt). Is it the right amount? My own calculation is around $30 off. Thanks for the help.

What is the cap cost?

kyfdx

luckyduck369 said:

kyfdx said:

2) Yes.. the calculation is designed to get an average of (adjusted cap + residual). The money factor includes an adjustment to divide that number by 2.

Thanks for the quick reply kyfdx. Really appreciate it.

I didn't quite understand the part about adjust the MF to divided the number by 2. Does this mean the MF will be further divided by 2 or the MF you provided is specific for Illinois, in other words, for example, in another state where they calculate rent charge based only on adjusted cap, their MF will be double the numbers you provided?

Thanks again!

The money factor is just a number that is a rough substitute for an APR. They could divide (CAP + residual) by 2, but then the MF would be .00232, instead of .00116. They are just saving a step by having that reflected in the money factor number.

luckyduck369

Michaell said:

luckyduck369 said:

Thanks for the clarification Michaell.

On a separate note, for msrp 49825, acquisition 695, doc 193.43, title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800. Total due at signing is 995.68 (ttl + 1st month pmt). Is it the right amount? My own calculation is around $30 off. Thanks for the help.

What is the cap cost?

They calculated the cap cost as acquisition + doc + msrp = $50713.43. It's interesting that they didn't include any tax or ttl into the cap cost.

Michaell

luckyduck369 said:

Michaell said:

luckyduck369 said:

Thanks for the clarification Michaell.

On a separate note, for msrp 49825, acquisition 695, doc 193.43, title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800. Total due at signing is 995.68 (ttl + 1st month pmt). Is it the right amount? My own calculation is around $30 off. Thanks for the help.

What is the cap cost?

They calculated the cap cost as acquisition + doc + msrp = $50713.43. It's interesting that they didn't include any tax or ttl into the cap cost.

No discount from sticker? You should be able to get 4-6% off MSRP before adding in any of the fees.

luckyduck369

Michaell said:

luckyduck369 said:

Michaell said:

luckyduck369 said:

Thanks for the clarification Michaell.

On a separate note, for msrp 49825, acquisition 695, doc 193.43, title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800. Total due at signing is 995.68 (ttl + 1st month pmt). Is it the right amount? My own calculation is around $30 off. Thanks for the help.

What is the cap cost?

They calculated the cap cost as acquisition + doc + msrp = $50713.43. It's interesting that they didn't include any tax or ttl into the cap cost.

No discount from sticker? You should be able to get 4-6% off MSRP before adding in any of the fees.

We haven't talked about that yet. I raised doubt about their lease calculation so I stopped talking with them.

They gave me 2 scenarios:

(1) msrp 49825, acquisition 695, doc 193.43, (which gives adjusted cap of msrp $50713.43 by adding those three together), title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800.

(2) msrp 49825, down 5000, rebate 1000, acquisition 695, doc 193.43, title&registration 196, (which gives adjusted cap of 45554 by 49825-5000-1000+695+193.43+196, I don't know why they didn't consider tax on the down payment here), mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $645.

Would you please help to verify the accuracy of the calculation? Based on my calculation, I found their calculation to be $20 higher.

Michaell

luckyduck369 said:

Michaell said:

luckyduck369 said:

Michaell said:

luckyduck369 said:

Thanks for the clarification Michaell.

On a separate note, for msrp 49825, acquisition 695, doc 193.43, title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800. Total due at signing is 995.68 (ttl + 1st month pmt). Is it the right amount? My own calculation is around $30 off. Thanks for the help.

What is the cap cost?

They calculated the cap cost as acquisition + doc + msrp = $50713.43. It's interesting that they didn't include any tax or ttl into the cap cost.

No discount from sticker? You should be able to get 4-6% off MSRP before adding in any of the fees.

We haven't talked about that yet. I raised doubt about their lease calculation so I stopped talking with them.

They gave me 2 scenarios:

(1) msrp 49825, acquisition 695, doc 193.43, (which gives adjusted cap of msrp $50713.43 by adding those three together), title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800.

(2) msrp 49825, down 5000, rebate 1000, acquisition 695, doc 193.43, title&registration 196, (which gives adjusted cap of 45554 by 49825-5000-1000+695+193.43+196, I don't know why they didn't consider tax on the down payment here), mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $645.

Would you please help to verify the accuracy of the calculation? Based on my calculation, I found their calculation to be $20 higher.

I would not recommend putting any money down on a lease .. if the car is stolen or totaled, you lose that money. And, it doesn't change the total cash outlay for the lease.

And, the MF is being marked up, which is a deal breaker.

tay8

Hey All,

These threads are incredible. Looking at a Q5 TDI Prestige, MSRP of $61,500. Assuming about 5% discount on MSRP, and based on current MF / Residual, what would a 36mo/12k per year lease look like? Also would like to assume some use of money upfront $3k (maybe towards MF?)

Thanks!
Matt

flightnurse

luckyduck369 said:

Thanks for the clarification Michaell.

On a separate note, for msrp 49825, acquisition 695, doc 193.43, title&registration 196, mf .00152, residual 58%, and a tax rate of 7%, on a 36 mo. lease, the dealer quoted me monthly payment with tax $800. Total due at signing is 995.68 (ttl + 1st month pmt). Is it the right amount? My own calculation is around $30 off. Thanks for the help.

Ouch, you are paying FULL MSRP for a Audi Q5, and the dealer quoted you $800/m I think you need to read up on leasing....

kyfdx

tay8 said:

Hey All,

These threads are incredible. Looking at a Q5 TDI Prestige, MSRP of $61,500. Assuming about 5% discount on MSRP, and based on current MF / Residual, what would a 36mo/12k per year lease look like? Also would like to assume some use of money upfront $3k (maybe towards MF?)

Thanks!
Matt

.00114 MF and 54% residual.

$61500 MSRP
$58425 selling price/cap cost
$805/mo.

tay8

kyfdx said:

tay8 said:

Hey All,

These threads are incredible. Looking at a Q5 TDI Prestige, MSRP of $61,500. Assuming about 5% discount on MSRP, and based on current MF / Residual, what would a 36mo/12k per year lease look like? Also would like to assume some use of money upfront $3k (maybe towards MF?)

Thanks!
Matt

.00114 MF and 54% residual.

$61500 MSRP
$58425 selling price/cap cost
$805/mo.

Thanks, forgot that I am in CA, does that make a difference on your calculation?

kyfdx

tay8 said:

kyfdx said:

tay8 said:

Hey All,

These threads are incredible. Looking at a Q5 TDI Prestige, MSRP of $61,500. Assuming about 5% discount on MSRP, and based on current MF / Residual, what would a 36mo/12k per year lease look like? Also would like to assume some use of money upfront $3k (maybe towards MF?)

Thanks!
Matt

.00114 MF and 54% residual.

$61500 MSRP
$58425 selling price/cap cost
$805/mo.

Thanks, forgot that I am in CA, does that make a difference on your calculation?

You'll have to add tax to the monthly payment at your local rate

attitudetalks

Hi kfydx,
Thanks for all the great info so far, a little more on the Audi Q5 too pls ? - Thanks

I plan to get a 10k mile lease for a 3.0 Q5 TFSI. Would you have the MF and RVs for :

3.0 TFSI P+
3.0 TFSI Prestige

for 36/42 mth plans ?

This is what I got from this thread so far :

MF : 0.00116 (same for both ?)

P+ RV : 58% (36 mth) / 54% (42 mth)
is this accurate for the P+ ?

Would like to know about the Prestige too.

Qs. 1 : Does the MF stay the same for the P+ and Prestige trims ? What about for the SQ5 line ?

Qs. 2 : I don't have the precise figures for the Prestige trim but does it hold its value better than the P+ or is it just the same ? i.e., RV

The reason I ask the second question is because I realized that there may be additional savings towards the end of the lease. Going back to the Lexus Rx 350 deal I got, the total outlay (including finance charges, taxes, fees, etc.) at the end of the lease works out to 38% of the MSRP. The RV is 61%. So in theory, I gain 1% of latent value at the start of the lease and if I come in significantly under the lease milage (10k) and keep it in good condition, I can increase this 1% and have the option of buying it at the 61% RV and flipping it for a profit almost immediately to realize that latent built in value. What do you think ?

Atti

kyfdx

attitudetalks said:

Hi kfydx,
Thanks for all the great info so far, a little more on the Audi Q5 too pls ? - Thanks

I plan to get a 10k mile lease for a 3.0 Q5 TFSI. Would you have the MF and RVs for :

3.0 TFSI P+
3.0 TFSI Prestige

for 36/42 mth plans ?

This is what I got from this thread so far :

MF : 0.00116 (same for both ?)

P+ RV : 58% (36 mth) / 54% (42 mth)
is this accurate for the P+ ?

Would like to know about the Prestige too.

Qs. 1 : Does the MF stay the same for the P+ and Prestige trims ? What about for the SQ5 line ?

Qs. 2 : I don't have the precise figures for the Prestige trim but does it hold its value better than the P+ or is it just the same ? i.e., RV

The reason I ask the second question is because I realized that there may be additional savings towards the end of the lease. Going back to the Lexus Rx 350 deal I got, the total outlay (including finance charges, taxes, fees, etc.) at the end of the lease works out to 38% of the MSRP. The RV is 61%. So in theory, I gain 1% of latent value at the start of the lease and if I come in significantly under the lease milage (10k) and keep it in good condition, I can increase this 1% and have the option of buying it at the 61% RV and flipping it for a profit almost immediately to realize that latent built in value. What do you think ?

Atti

3.0 TFSI P+
.00116 MF and 58% for 3610
.00136 MF and 54% for 42/10

3.0 TFSI Prestige
Same money factor, but subtract 4% from P+ residuals.

SQ5 P+
.00119 MF and 59% for 36/10
.00139 MF and 55% for 42/10
Again, subtract 4% from residual for Prestige


Audi obviously doesn't think the Prestige trim will hold it's value as well as P+, just from the residuals.

attitudetalks

Appreciate it kyfdx .... Thanks again.
Meeting Audi in a day or two; will come back with the deal that I get.

Atti

attitudetalks

Another question folks ...
What's the invoice price of the base Q5 3.0T P+ ?
Can/Would the dealer negotiate a price lower than invoice for the Q5 P+ ? I know there are the dealer roll backs from the manufacturer that ensure they aren't at a complete loss, but considering the demand would they negotiate lower than (or down/close to) invoice ?

Michaell

attitudetalks said:

Another question folks ...
What's the invoice price of the base Q5 3.0T P+ ?
Can/Would the dealer negotiate a price lower than invoice for the Q5 P+ ? I know there are the dealer roll backs from the manufacturer that ensure they aren't at a complete loss, but considering the demand would they negotiate lower than (or down/close to) invoice ?

Use the pricing tools at the top of the page (make / model / year) to help determine the invoice price. Use the "car research" tab to find any customer incentives.

Usually, 4-6% off sticker price, before any incentives, is good for Audi.

johnnyjuice

Whats the current MF and residual for the '15 Q5 Premium with 36/7.5k?

Thanks!

Michaell

johnnyjuice said:

Whats the current MF and residual for the '15 Q5 Premium with 36/7.5k?

Thanks!

.00123 and 60%

johnnyjuice

Michaell said:

johnnyjuice said:

Whats the current MF and residual for the '15 Q5 Premium with 36/7.5k?

Thanks!

.00123 and 60%

Thank you!

Would the P+ be the same?

Michaell

johnnyjuice said:

Michaell said:

johnnyjuice said:

Whats the current MF and residual for the '15 Q5 Premium with 36/7.5k?

Thanks!

.00123 and 60%

Thank you!

Would the P+ be the same?

Sort of .. MF is the same, but the residual drops 3%

hhg

Hi,

Yesterday i visited a well-known Audi dealer (at PA area). I was given this lease deal:

2015 Audi Q5 2.0T Quattro Tiptronic (with panoromic sunroof, heated front seats and etc..)
MSRP: $42,555 (including destination charge)

Original dealer offer:
36 months lease and 7500 mile per year
Total out of pocket: $3000
$471 pre tax monthly payment ($499 / month with tax)

After i told them that i still plan to test drive Mercedes GLK and BMW X3, they revised their offer to:
36 months lease and 7500 mile per year
Total out of pocket: $3000
$379 pre tax monthly payment ($413 / month with tax). They couldn't give me more detail but will hold firm on this offer.

Is this a good deal? I have other question i would like to ask the dealer such as disposition fees, residual value. Anything else shall i ask to make sure this offer is solid, no gimmick?

flightnurse

hhg said:

Hi,

Yesterday i visited a well-known Audi dealer (at PA area). I was given this lease deal:

2015 Audi Q5 2.0T Quattro Tiptronic (with panoromic sunroof, heated front seats and etc..)
MSRP: $42,555 (including destination charge)

Original dealer offer:
36 months lease and 7500 mile per year
Total out of pocket: $3000
$471 pre tax monthly payment ($499 / month with tax)

After i told them that i still plan to test drive Mercedes GLK and BMW X3, they revised their offer to:
36 months lease and 7500 mile per year
Total out of pocket: $3000
$379 pre tax monthly payment ($413 / month with tax). They couldn't give me more detail but will hold firm on this offer.

Is this a good deal? I have other question i would like to ask the dealer such as disposition fees, residual value. Anything else shall i ask to make sure this offer is solid, no gimmick?

For anyone to tell you if it is a good deal we need the following:

MSRP
Sales Price
Residual
money factor
Fee's
and how the down payment is being used. Just to state this again, putting money down on a lease is not a smart idea...

Michaell

flightnurse said:

hhg said:

Hi,

Yesterday i visited a well-known Audi dealer (at PA area). I was given this lease deal:

2015 Audi Q5 2.0T Quattro Tiptronic (with panoromic sunroof, heated front seats and etc..)
MSRP: $42,555 (including destination charge)

Original dealer offer:
36 months lease and 7500 mile per year
Total out of pocket: $3000
$471 pre tax monthly payment ($499 / month with tax)

After i told them that i still plan to test drive Mercedes GLK and BMW X3, they revised their offer to:
36 months lease and 7500 mile per year
Total out of pocket: $3000
$379 pre tax monthly payment ($413 / month with tax). They couldn't give me more detail but will hold firm on this offer.

Is this a good deal? I have other question i would like to ask the dealer such as disposition fees, residual value. Anything else shall i ask to make sure this offer is solid, no gimmick?

For anyone to tell you if it is a good deal we need the following:

MSRP
Sales Price
Residual
money factor
Fee's
and how the down payment is being used. Just to state this again, putting money down on a lease is not a smart idea...

We can run the numbers with just the MSRP and sales price; I can fill in the blanks with the MF and residual.

And I agree that putting money down (over and above the up front fees and taxes) is not something we recommend.

hhg

Thanks for the advise. Honestly i thought the deal is too good to be true. I will ask for a detailed lease quote breakdown from the Audi dealer.

hhg

Ok. So below is what the Audi dealer emailed me. I still try to get the sales price (cap cost) from Audi dealer. But based on information below and MSRP $42555, can we calculate and determine if this is a good lease deal? Please note i agreed to put down payment of $3000. So total out of pocket is $3000.

1. The payment for 10k miles and 36 months will be $ 429.00 with the residual value of $25,107

2. 7500 miles 36 months, with $413.77 per month payment. The residual value at the end of 36 months is $25,533.

3. Disposition fee after 36 months is $350.

hhg

Just heard back from Audi dealer that the net cap cost is $36454.17

kyfdx

hhg said:

Ok. So below is what the Audi dealer emailed me. I still try to get the sales price (cap cost) from Audi dealer. But based on information below and MSRP $42555, can we calculate and determine if this is a good lease deal? Please note i agreed to put down payment of $3000. So total out of pocket is $3000.

1. The payment for 10k miles and 36 months will be $ 429.00 with the residual value of $25,107

2. 7500 miles 36 months, with $413.77 per month payment. The residual value at the end of 36 months is $25,533.

3. Disposition fee after 36 months is $350.

hhg said:

Just heard back from Audi dealer that the net cap cost is $36454.17

With that CAP cost, I get $391/mo.+tax.. for 36/10. Lease tax in PA is 9%-10%, so that $429/mo. numbers seems right on the money...

That's a long way from their original quote.. funny how the price drops, once you start asking questions, huh?

hhg

Thanks, kyfdx. What is the MF and RV (%) that used for your calculation of 36/10 lease?

Also after reading so many leasing threads lately, it seem to me that the $3000 down payment is better used for the fully refundable MSDs and stay with $0 down for the lease. Do you know how the MSDs will impact the monthly payment?

This forum is great. Thanks for all the great advise. I am planning to pull the trigger on the lease this weekend but will try to save as much as i can. Certainly interested in the MSDs to lower the MF.

kyfdx

hhg said:

Thanks, kyfdx. What is the MF and RV (%) that used for your calculation of 36/10 lease?

Also after reading so many leasing threads lately, it seem to me that the $3000 down payment is better used for the fully refundable MSDs and stay with $0 down for the lease. Do you know how the MSDs will impact the monthly payment?

This forum is great. Thanks for all the great advise. I am planning to pull the trigger on the lease this weekend but will try to save as much as i can. Certainly interested in the MSDs to lower the MF.

.00123 MF and 59% residual.

If you take money out of the CAP reduction and put it towards MSDs, the payment will actually go up, but since you get the MSDs back at the end of lease (vs. CAP reduction, which is gone), it will lower your overall cost.