2015 Audi SQ5 Lease Questions

Michaell

cocon said:

when dealer keeps telling me the cant get base MF and need to push it for small profit(in this case from .00155 to .00205) how I can convince them for base rate or to drop it around base??

 Tell them you will not sign a deal that uses an inflared money factor.  And contact other Audi dealers 

cocon

Michaell said:

cocon said:

when dealer keeps telling me the cant get base MF and need to push it for small profit(in this case from .00155 to .00205) how I can convince them for base rate or to drop it around base??

 Tell them you will not sign a deal that uses an inflared money factor.  And contact other Audi dealers 

Yeah..the problem is when I go to another dealer the try to get me deal with padded MF too. They all keep saying that this is their buy out rate and they cant give it at that rate since they will loose and wont make a profit..I guess everyone is doing it and is very hard to get base MF with any car brand!

jprado31

Please help
got an offer for a 2015 sq5 prem plus
"Msrp  of $62745

Your discounted price on the car is $57,432

 

 With $2500 Total down your payment for 36 Month lease and 12000 Miles per year is $$928 Tax included "


is this this way to high for a 2015 ? What should I ask for ? 

Any guidance would be appreciated 

Michaell

jprado31 said:

Please help
got an offer for a 2015 sq5 prem plus
"Msrp  of $62745

Your discounted price on the car is $57,432

 

 With $2500 Total down your payment for 36 Month lease and 12000 Miles per year is $$928 Tax included "


is this this way to high for a 2015 ? What should I ask for ? 

Any guidance would be appreciated 

36/12 lease numbers for the 2015 SQ5 Premium Plus are 55% and .00189. When I plug in your MSRP and selling prices, I get a payment of $810.50/mo plus tax. The relatively low residual and high MF are hurting you on this deal, though I suspect the MF may be inflated a bit by the dealer.

What state and tax rate is this? Tax obligations for leases vary based on where you live.

jprado31

Thanks for the response.

San Mateo, ca ...9.25% sales tax 

I see from previous posts that even some of the 2016's have a lower lease rate. 

Michaell

jprado31 said:

Thanks for the response.

San Mateo, ca ...9.25% sales tax 

I see from previous posts that even some of the 2016's have a lower lease rate. 

CA taxes the monthly payment, so 9.25% tax takes the payment to $885.47/mo.

My guess is that the MF is marked up on you.

bananaero

Hello,

Could I get lease rates for 36/10k for:

2015 SQ5 Premium+ and
2016 SQ5 Premium+?

Thanks!

kyfdx

bananaero said:

Hello,

Could I get lease rates for 36/10k for:

2015 SQ5 Premium+ and
2016 SQ5 Premium+?

Thanks!

.00189 MF and 56% residual
.00138 MF and 60% residual

mikewembley

Looking to purchase the following:

2016 SQ5 Premium Plus Sepang w/Magma Sport interior, black optics, multimedia package, carbon inlay

36 months / 10k miles
60% residual (assumed from previous posts)
.00138 money factor - aka 3.312% (assumed from previous posts)
6.25% local Massachusetts sales tax

I have the Friend and Family certificate, which states the price of "Invoice + $300" then subtract any incentives.

$60,675 MSRP on Audi configurator online
$57,344 Invoice + $300 (assuming invoice is 6% off MSRP)
$56,344 Cap Cost (Invoice+$300 minus $1000 loyalty discount)
$36405 Residual (60% of 60,675)
$19929 Depreciation payment ($56344 cap - $36405 residual)

$553/monthly depreciation payment ($19929 divided by 36months)

$127/month interest ((56344+36405)x.00138)

$680/month payment (depreciation payment + interest)

$722/month all-in with 6.25% tax



How do my calculations look? I think I've done everything right here.
Is this something to bring to the dealer and say I want these numbers, or are they making $0 on this deal?

Michaell

mikewembley said:

Looking to purchase the following:

2016 SQ5 Premium Plus Sepang w/Magma Sport interior, black optics, multimedia package, carbon inlay

36 months / 10k miles
60% residual (assumed from previous posts)
.00138 money factor - aka 3.312% (assumed from previous posts)
6.25% local Massachusetts sales tax

I have the Friend and Family certificate, which states the price of "Invoice + $300" then subtract any incentives.

$60,675 MSRP on Audi configurator online
$57,344 Invoice + $300 (assuming invoice is 6% off MSRP)
$56,344 Cap Cost (Invoice+$300 minus $1000 loyalty discount)
$36405 Residual (60% of 60,675)
$19929 Depreciation payment ($56344 cap - $36405 residual)

$553/monthly depreciation payment ($19929 divided by 36months)

$127/month interest ((56344+36405)x.00138)

$680/month payment (depreciation payment + interest)

$722/month all-in with 6.25% tax



How do my calculations look? I think I've done everything right here.
Is this something to bring to the dealer and say I want these numbers, or are they making $0 on this deal?

I confirm the .00138 MF and 60% residual for 36/10.

I get $724/mo using your numbers, which I can attribute to rounding issues.

I would present the prices to the dealer and see what they say. I wouldn't worry about whether they are making money or not - either they'll accept your numbers or they won't.

mikewembley

Audi is coming back to me with a 4.75% MF (.00197916) based on the numbers sheet that they sent over for the vehicle they are pricing out.

I have not approached them about this yet, but is the .00138 MF an exact number that all dealerships are using this week/month for the 2016 SQ5 36month/10k?

Can I save assume that anything over .00138 is a "dealer markup" ?

kyfdx

mikewembley said:

Audi is coming back to me with a 4.75% MF (.00197916) based on the numbers sheet that they sent over for the vehicle they are pricing out.

I have not approached them about this yet, but is the .00138 MF an exact number that all dealerships are using this week/month for the 2016 SQ5 36month/10k?

Can I save assume that anything over .00138 is a "dealer markup" ?

.00138 is the base rate for top tier credit. Anything over that is a markup.

If they are quoting APRs, then either it's not a lease, or they are trying to hide their money factor. Audi doesn't use APRs on a lease.

mikewembley

Removing post - numbers were wrong

Michaell

mikewembley said:

Attached is the deal sheet or whatever you call it

I have the Friend and Family certificate, which states the price of "Invoice + $300" then subtract any incentives, which is $1000 Audi Loyalty for me

36 months / 10k miles
61% residual
.00196 money factor - aka 4.704%
6.25% local Massachusetts sales tax

MSRP is $64210

$0 down

Payments are WAY too high in my opinion

Thoughts?

As noted by my co-host, the MF is marked up from the base of .00138; the marked up MF is adding about $60/mo to your payment.

Might be time to reach out to other Audi dealers ... only takes one to meet your terms.

mikewembley

Numbers listed above were slightly off on the 6% discount - Audi Care is still included at no cost

Here is the new sheet at MF .00176 - "best and final"

Michaell

mikewembley said:

Numbers listed above were slightly off on the 6% discount - Audi Care is still included at no cost

Here is the new sheet at MF .00176 - "best and final"

Have you reached out to another Audi dealer? Getting them to compete amongst themselves will get you the best deal.

I wouldn't sign any deal with an inflated MF .. but, that's just me.

mikewembley

Can the MF and residual numbers change for November 2015?

If I look around, it will take me into November.....

Michaell

mikewembley said:

Can the MF and residual numbers change for November 2015? If I look around, it will take me into November.....

Yes they might change. But, we don't know for sure...

...or which way the numbers will move. 

mikewembley

Are the November numbers out yet for the 2016 SQ5?

36 months / 10k / Premium Plus

Michaell

mikewembley said:

Are the November numbers out yet for the 2016 SQ5?

36 months / 10k / Premium Plus

.00138 and 60%

mikewembley

Michaell said:

mikewembley said:

Are the November numbers out yet for the 2016 SQ5?

36 months / 10k / Premium Plus

.00138 and 60%

Thanks, look like they're the same as last month.

songsu007

Please provide mf and residual for 36mo/12 k and 36/15k
Thanks

kyfdx

songsu007 said:

Please provide mf and residual for 36mo/12 k and 36/15k
Thanks

.00138 MF and 59%/57% residual for Premium Plus

mikewembley

December #s for 2016 SQ5 36/10?

Michaell

mikewembley said:

December #s for 2016 SQ5 36/10?

Audi numbers are valid until 1/4/16.

rnm_gs3

Any incentives available?

Michaell

rnm_gs3 said:

Any incentives available?

None that we are aware of.