Audi Q5 Lease Questions

yankees338 · September 2013

Hi,

We're looking at a 2014 Q5 Premium Plus from a dealer in NJ. The quote was through Sun East Credit rather than Audi Financial as the dealer claimed they were offering better rates. However, we've heard of issues with early trade-ins/vehicle assessment at the end of the lease with Sun East, so any feedback on them would be great.

Here is the offer:

MSRP: $46,475
Adjusted Vehicle Price: $41,750
36 Months
Money Factor: .00147
Residual: 60%
12,000 miles/year
Due at Lease Signing: $1,238 (includes 1st month)
Payment: $524.36/month

Again, any feedback would be appreciated!

Thanks,
Ryan

q5audi · September 2013

Ryan,

I am also looking for buying Q5 in NJ. Looks like you got the best deal. Please let me know the dealer name and sales person name. i have to finish the deal by next week.

Thanks
Ragow

DIMNJ · September 2013

Ryan,
Your deal looks great, given the high MSRP.
What options did you add on to the Premium Plus?
I do have many friends in a tri-state area using leasing brokers, like grandprixmotors.com, they experienced no issues upon returns.

vision_tx · September 2013

Is the MF for a SQ5 Prestige the same as the Q5 Prestige at .0017 for 36mo and 15k/yr?

Thanks...again.

kyfdx · September 2013

Q5 is .0017

SQ5 is .00167

A very, very small difference..

q5audi · September 2013

Ryan,

My dealer in NJ quoted Selling price as $43709 for MSRP $48050 and inception price as $2477 which includes 1st month payment + MV(411) + Doc(299)+tire tax(7.5)+supp(184)+bankfees (995) and residual as 60% of MSRP with 0.00147 as money factor.

Please let me know is this a good deal.

theeegod · September 2013

Anyone know the MF and Residual value of a 2013 2.0T Q5 premium plus 12k miles/year, 36 months, for Sept?

kyfdx · September 2013

.00151 MF and 53% residual..

zcpierremd · September 2013

I just ordered a 2014 premium plus TDI at a local Houston dealer. He told me the lowest he could go is 3% off MSRP and that no dealer in TX would go any lower. He also asked me to leave a fully refundable $1K check deposit, but told me he would not cash it, and once the car arrived I could just use the check towards the purchase price.
So my question is, has anyone recently ORDERED a q5 in TX and gotten it for less than the True Market Value Price?
Also, if you left a check for deposit, did the dealer really just hold on to it, or did they cash it?
I am asking because I may change my mind and I do not want any problems if I do.

vision_tx · September 2013

kyfdx...quick question, what would the MF and residual be for a 2013 Q5 Prestige, 36 month 15/year? How bout 12K/year?

capemaypoint · September 2013

Does anyone have MF and residual rates for a 2014 SQ5 Premium Plus. Would be interested in #s for both 36m and 42m lease with 12k miles.

Thanks in advance.

Also, does the inclusion of Audi Care increase residual rates?

kyfdx · September 2013

.0015 and 48%.. add 2% for 12K/yr

kyfdx · September 2013

2014 SQ5 Premium Plus

36mo/12K ... .00167 and 59%

42mo/12K... .00187 and 55%

iloveipods · September 2013

kyfdx - mind sharing the MF and Residual value of a 2013 2.0T Q5 premium plus 10k miles/year, 36 months (and MMI, though doesn't matter I believe) for sept? thank you!

kyfdx · September 2013

.00151 and 54%

infinito · September 2013

kyfdx,

What's the MF and RV for a 2014 Audi Q5 Premium Plus with 12K/year and 36 month term in Austin, TX? Looking at MSRP of $48,445 and per Audi Sales, they have a deal with my employer where I get price of Invoice, so $45,122, is this a good deal? We have not spoken about financials yet but planning on leasing.

kyfdx · September 2013

2.0T model? .00162 MF and 57% residual..

regards,
kyfdx

infinito · September 2013

Yes for a 2.0T model. Thanks. Something seems wrong here because I went to the dealership yesterday and got my car appraised for $8,000 (2007 Honda Civic EX with 65K miles) and got an estimate back for 2014 2.0T Premium Plus Q5 with 12K miles/year for $573.97 per month. They are taking the full $8K as down payment for the calculation. With the .00162 MF and 57% residual I get a much lower number, wonder if I'm calculating this correctly.

kyfdx · September 2013

With no Cap Cost reduction, and no allowance for upfront costs, I show $604/mo.. So, yeah... there is a lot going on there..

Let's assume they think the invoice is $750 more than you do (advertising charges, BS charges, etc..) Then, add the acquisition fee ($700 or so).. Now, let's add a dealer doc fee of $600 (more BS).. So, now we are up about $2000 more than you thought... Subtract that, plus the first payment, plus about $500 in registration/title fees.. So, that eats up about $3000 of your $8000... Now, lets subtract the $5000 from my previous calculation.... as a CAP cost reduction... New payment = $457/mo....

Of course, you have to account for sales tax... What state do you live in?

(you can see where I'm going here, right? Selling a car at invoice means nothing, if they don't specify what that number is, and add in a lot of extra bogus fees..) I might be a little cynical.. ;-)

regards,
kyfdx

nator1 · September 2013

KYfdx,

What do you have for Prestige for 36 and 42?...i saw one post that the residual is usually 4% less but is the money factor the same?

Thanks..Mike

kyfdx · September 2013

Residual for the SQ5 Prestige are 53% and 49% respectively, for 15K/yr leases for 36 and 42 months..

And, yes... those are 4% lower than for the Premium Plus model.. The money factor is the same for both models at .00167

carbtx · September 2013

To infinito - I am in a similar situation, same area, similar model, supplier disc.
You might want to ask for the MF they've quoted you with.
Sounds like in the area they start with 0.00262 and not 0.00162.
This might explain some of the difference seen.

john_locke · September 2013

I'm looking at a loaded 2.0L Premium Plus Q5 in Northern NJ, which will be registered in NYC (8.875% sales tax). The MSRP is $47,275, the negotiated price is $44,277. What am I looking at in terms of MF and RV? And does that seem like a good deal (Moonlight Blue, Navigation Plus, 19" wheels, Audi protection kit)?

y1981 · September 2013

Hi,

I am looking at a Q5 2.0T Premium model with Panorama sunroof and lighting package in SF Bay Area (8.75%). The MSRP is $41,440, (with metallic color and heated front seats) the negotiated price is $39,500. The proposed MF is 0.00192 and RV 57%. With no money down (except standard charges and fees) this translates into a pricey lease in my mind at about $636.
Is this a good deal?
Seems to me I can get a better MF (around 0.00151) assuming excellent credit, which in my calculator translates to about a $535 monthly payment (incl' tax).

Would greatly appreciate your comments and thoughts

kyfdx · September 2013

" 2.0L Premium Plus Q5"

2013?

.00151 MF and 51% residual for 36mo/15K/yr..

kyfdx · September 2013

Is that a 2014? Base MF is .00162

john_locke · September 2013

It's a 2014 actually. We'd probably only drive it 10,000 to 12,000 miles a year too, pretty much on weekends only; does that change the residual?

kyfdx · September 2013

" 2.0L Premium Plus Q5"

2014..

.00162 and 57% residual for 36mo, 12K/yr.. add 1% for 10K/yr...

regards,
kyfdx

audistar1 · September 2013

whats the money factor and residual value thats reasonable for AUDI TDI premium plus for 42 month lease, 2,500 down with excellent credit history. thank you in advance.

audistar1 · September 2013

for 15,000 miles per year thanks.

jatsmdx · September 2013

looking to lease audi Q5 premium plus with navigation.
I live in Central NJ. Any recommendation on dealer with good deal in NJ ?

kyfdx · September 2013

2014 Audi Q5 TDI for 42 mo, 15K/yr..

.00166 MF and 53% residual for the Premium Plus model.. 49% for Prestige.

regards,
kyfdx

nickg22 · October 2013

Hi guys:

Thanks for spending the time to assist us clueless purchasers. This thread is a fantastic source if information. Can you please advise as to the MF and RV for the following vehicles on a 36 month lease with 12k/year

1. 2014 Q5 TDI 3.0 premium plus

2. 2014 Q5 3.0 premium plus

One other question, would the inclusion of any other options such as navigation effect either of these numbers.

Thanks,

Nick

kyfdx · October 2013

2014 Q5 TDI Premium Plus 36mo, 12K/yr lease
.00166 MF and 59% residual

2014 Q5 3.0T Premium Plus 36mo, 12K/yr lease
.00163 MF and 58% residual

Once you settle on engine model and trim line, options have no effect on residual percentage

regards,
kyfdx

nickg22 · October 2013

Thanks kyfdx. Sorry for my cluelessness but are these fixed numbers, best deals or negotiable numbers? Just wondering if these are figures I would have to negotiate to and whether I could do any better with good credit on the MF.

Thanks again,

Nick

nickg22 · October 2013

Sorry kyfdx--last question, I promise. I read in one of the Edmunds leasing guide articles that the MF should not be higher than the interest rate I could get on a loan to purchase the car. With my credit score, according to bankrate.com, I should be able to get a new car loan at a figure under 3%. This would equal an MF of .00125 or lower. Is this unrealistic?

Thanks,

Nick

kyfdx · October 2013

The base money factor I supplied is the lowest that the dealer can offer you. They may try to mark it up for more profit (likely, in fact). You may have to negotiate, just to get the base rate. The residuals are set by the bank, and the dealer cannot change them..

The bankrate.com advice would be pertinent, if you were deciding between buying or leasing... but, if leasing is your only option, then you are stuck with the program that is offered.

IMO, Audi lease programs are not that great. But, the Q5 is a very popular vehicle, and seems to command prices within 5% of MSRP, generally. If they can lease them with this program, then they will continue to do so. Your only choices are to negotiate the lowest price possible, make sure they stick to the base rate, and don't let them add on extras and fees.. Or, look to competitor vehicles that may have better lease programs.

Two years ago, when we were shopping for a luxury SUV, I happened to make contact socially with an executive of a large local dealer group, who happened to have an Audi dealership... Even with the special "friend of boss" price and a direct introduction to the sales manager, the cost of the Q5 lease was too high, relative to the sticker price for us... (just a personal value judgement).

The Q5 was our favorite vehicle... we just couldn't afford to lease it..

Good luck!
kyfdx

nickg22 · October 2013

Thanks again for the info. Looks like a may be reaching with the other two cars I identifed previously. Can you advise as to the MF and RV for a 2014 2.0 Premium Plus with a 36 month lease at 12k/year.

Thanks,

Nick

kyfdx · October 2013

2014 Q5 2.0 Premium Plus 36mo, 12K/yr lease
.00162 MF and 57% residual

regards,
kyfdx

robercik72 · October 2013

Hi,
I have never leased a car before, but now that I have a very small business, apparently leasing is a way to go.
Can anyone tell me what should the expected monthly payment be for SQ5 with Premium Plus package be? I live in Chicago area, tax 8.25.
Not sure what the numbers you post mean, so I you have a formula to plug them into, that would be nice.
I have found a link to lease page for Audi, but not sure if the numbers are correct.
http://www.audiusa.com/myaudi/finance
I'm getting $587 per month with almost $5,200 down. Is that correct, or is that just the number to get you in, and I should expect much more once I get to the dealership?
Tx
:confuse:

kyfdx · October 2013

Try here: How to Calculate Monthly Lease Payments
http://townhall-talk.edmunds.com/direct/view/.f1f993d.f1f890c/0#MSG0

Here is Edmunds Lease Calculator, as well:
http://www.edmunds.com/calculators/car-lease.html?sv

regards,
kyfdx

ryangad · January 2014

Can anyone help me with the January 2014 MF and residual for the Q5 2.0T Premium Plus (3 year lease / 10k miles per year)?

Kirstie_H · January 2014

Please continue in our 2014 Audi Q5 Lease Questions discussion.

Audi Q5 Lease Questions

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