Audi Q5 in Atlanta, GA : Lease or Buy ?

attitudetalks

Hi everyone,
I have already cut my teeth on a car lease with a 2015 Lexus Rx350 and believe I got a decent deal out of it (msrp : $52k+, less discount $6,750 with the lowest recommended money factor - can't remember the invoice price off-hand).

At this point, I am in the market to replace my second car which has aged quite a bit. My question is, what makes a good buy vs lease argument ? I am leaning towards an Audi Q5, a BMW X5 and the Mercedes GLE/K.

At last count, it made sense to lease if we intended to keep the car less than 7 years, and buy if we planned to keep it more than 8.5 years (from 7 - 8.5 years being no man's land). Any other thoughts on this ? Of course price makes a huge difference, but if we take it out of the equation .... ?

Thanks in advance for your thoughts on this.

kyfdx

attitudetalks said:

Hi everyone,
I have already cut my teeth on a car lease with a 2015 Lexus Rx350 and believe I got a decent deal out of it (msrp : $52k+, less discount $6,750 with the lowest recommended money factor - can't remember the invoice price off-hand).

At this point, I am in the market to replace my second car which has aged quite a bit. My question is, what makes a good buy vs lease argument ? I am leaning towards an Audi Q5, a BMW X5 and the Mercedes GLE/K.

At last count, it made sense to lease if we intended to keep the car less than 7 years, and buy if we planned to keep it more than 8.5 years (from 7 - 8.5 years being no man's land). Any other thoughts on this ? Of course price makes a huge difference, but if we take it out of the equation .... ?

Thanks in advance for your thoughts on this.

I think anything over 5 years, you are probably better off buying.
Audis don't lease all that well, so that definitely tilts it towards the buy side.

The GLK has been replaced by the GLC.

attitudetalks

Thank you  kyfdx, and I see what you're saying. Even though I had originally liked the Q5 more than the RX350, the leasing terms were soo far off that the Q5 did not even make it onto the same playing field as the Lexus. This time we plan to buy this car as an anchor that stays with us for a while (8-10 years) while we keep flipping the other through car leases.