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2016 Q5 Lease - Good or not so good?

akoolkaakoolka Member Posts: 4
edited May 2016 in Audi
We are currently leasing a 2013 Q5 and nearing the end of the lease. We're looking to lease a Q5 again.

This is what the dealer is offering us. Is this a good deal?

Model: Audi Q5 2.0T quattro tiptronic
Package: Premium Plus, Technology Package, 19" Wheel Package
Audi Care: 3 yrs
Lease terms: 36 mon / 12K miles
MSRP: $49,535
Invoice: $46,581
Sales Price: $46,820
Gross Cap Cost: $48,464 (sales price + bank fee + audi care)
Net Cap Cost: $44645
Residual: $27,739 (56%)
MF: 0.0080
Total initial payment due on delivery: $1459
Monthly payment: $577 (including tax)

State - CA

Comments

  • akoolkaakoolka Member Posts: 4
    Correction, MF: 0.00080
  • kyfdxkyfdx Moderator Posts: 187,489
    We are currently leasing a 2013 Q5 and nearing the end of the lease. We're looking to lease a Q5 again.

    This is what the dealer is offering us. Is this a good deal?

    Model: Audi Q5 2.0T quattro tiptronic
    Package: Premium Plus, Technology Package, 19" Wheel Package
    Audi Care: 3 yrs
    Lease terms: 36 mon / 12K miles
    MSRP: $49,535
    Invoice: $46,581
    Sales Price: $46,820
    Gross Cap Cost: $48,464 (sales price + bank fee + audi care)
    Net Cap Cost: $44645
    Residual: $27,739 (56%)
    MF: 0.0080
    Total initial payment due on delivery: $1459
    Monthly payment: $577 (including tax)

    State - CA
    The money factor is marked up from the base .00030 MF.

    How is your net cap cost $3800 under your gross cap?

    Edmunds Lease Calculator
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    Edmunds Moderator

  • akoolkaakoolka Member Posts: 4
    There is a cap reduction of 3819 (1750 rebate + 2069 equity with my current lease)
  • kyfdxkyfdx Moderator Posts: 187,489
    There is a cap reduction of 3819 (1750 rebate + 2069 equity with my current lease)
    I get $527/mo.+tax

    The MF markup is adding $36/mo.+tax to the price.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • akoolkaakoolka Member Posts: 4
    Thanks much. 575/month (or 537/month + tax) is the deal being offered. I'll go back back and check on the MF markup
  • mankumanku Member Posts: 75
    FWIW, a few months back I was offered a Q5 (I think MSRP was about 48.5) for 590/month and zero drive off, for 36/10, including audicare.

    I didn't really haggle (had bought from salesperson before), and ended up passing - saved $8K and bought a Ford Edge instead - which, amazingly, I like better than the Q5!
  • cooklawcooklaw Member Posts: 7
    Just did a q5 premium plus @ $48.5k sticker + $850 for prepaid maintenance. I did a balloon loan 2,500 down and 500 month. Like a lease, they will buy it back for the agreed residual in 42 months. 12k mi /yr. anyone have experience on this type of deal vs a traditional lease?   I wish I would have got one w the lux package for the ventilated seats but it was several thousand more. 
  • MichaellMichaell ColoradoModerator Posts: 182,714
    Just did a q5 premium plus @ $48.5k sticker + $850 for prepaid maintenance. I did a balloon loan 2,500 down and 500 month. Like a lease, they will buy it back for the agreed residual in 42 months. 12k mi /yr. anyone have experience on this type of deal vs a traditional lease?   I wish I would have got one w the lux package for the ventilated seats but it was several thousand more. 
    What state is this? In selected states, a balloon note makes more sense based on the tax implications.

    If you've signed the paperwork and taken delivery, don't stress too much over the numbers. If you're happy, that's all that really matters.

    And, you're driving an Audi! Enjoy the next 42 months.

    Edmunds Lease Calculator
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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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