2016 Q5 Lease - Good or not so good?

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  akoolka Member Posts: 4

  May 2016

  Correction, MF: 0.00080

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  kyfdx Moderator Posts: 237,326

  May 2016

  akoolka said:

  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?

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  akoolka Member Posts: 4

  May 2016

  There is a cap reduction of 3819 (1750 rebate + 2069 equity with my current lease)

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  kyfdx Moderator Posts: 237,326

  May 2016

  akoolka said:

  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.

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  akoolka Member Posts: 4

  May 2016

  Thanks much. 575/month (or 537/month + tax) is the deal being offered. I'll go back back and check on the MF markup

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  manku Member Posts: 76

  May 2016

  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!

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  cooklaw Member Posts: 7

  June 2016

  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. 

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  Michaell Moderator Posts: 241,336

  June 2016

  cooklaw said:

  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.

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