2020 Audi Q5 Hybrid PP Lease

norcaldocnorcaldoc Member Posts: 2
edited August 2020 in Audi
Hello! Our previous car was totaled and we are scrambling to find a replacement. We are interested in leasing the Q5 hybrid, 3 yr / 12k, and there seems to be a reasonable deal with Costco that would put the price at ~$1700 under dealer invoice, plus the $6700 federal rebate. Despite coming out around $11k under MSRP the monthly payments seem quite high to me. I don’t have the exact MF they offered but they said interest rate was a little over 5%, which may explain the high payments. Can anyone share the MF / RV info for 94939 and 94501? Thank you.

Answers

  • MichaellMichaell ColoradoModerator Posts: 209,755
    norcaldoc said:

    Hello! Our previous car was totaled and we are scrambling to find a replacement. We are interested in leasing the Q5 hybrid, 3 yr / 12k, and there seems to be a reasonable deal with Costco that would put the price at ~$1700 under dealer invoice, plus the $6700 federal rebate. Despite coming out around $11k under MSRP the monthly payments seem quite high to me. I don’t have the exact MF they offered but they said interest rate was a little over 5%, which may explain the high payments. Can anyone share the MF / RV info for 94939 and 94501? Thank you.

    .00079 and 49%
    $7212 lease cash (in lieu of the tax credit)

    If the dealer is quoting above 5%, they are marking up the MF (.00079 is approximately 1.9%).

    Shop another dealer.

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  • norcaldocnorcaldoc Member Posts: 2
    Thank you for those numbers. It looks like the residual they used was 53%, I don’t know the money factor yet. I am checking with another dealer now.
  • kyfdxkyfdx Moderator Posts: 210,272
    norcaldoc said:

    Thank you for those numbers. It looks like the residual they used was 53%, I don’t know the money factor yet. I am checking with another dealer now.

    Dealers may not alter the residual. Make sure they are quoting you for the hybrid.

    For 36/12, the residual has to be 49%

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