SQ5 - Lease
07-12-2014, 04:42 AM
#1
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SQ5 - Lease
Anyone care to share your Lease Numbers, came across this boilerplate offer:
2014 Audi SQ5 3.0T quattro Premium Plus - $599 Lease per month for 36 months
Dealer Offer
$599 per month for 36 months
$4,893 cash due at signing
Offer only valid 7/02/2014 through 7/31/2014
$599 Lease Per Month for 36 Months, $2.999 Customer Down Payment, $600 Security Deposit, $4,893 Due At Signing
What have you gotten recently?
2014 Audi SQ5 3.0T quattro Premium Plus - $599 Lease per month for 36 months
Dealer Offer
$599 per month for 36 months
$4,893 cash due at signing
Offer only valid 7/02/2014 through 7/31/2014
$599 Lease Per Month for 36 Months, $2.999 Customer Down Payment, $600 Security Deposit, $4,893 Due At Signing
What have you gotten recently?
07-12-2014, 06:51 AM
#2
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It requires 2500 down AND 4893 at signing, or does that include the 2500 down? What was the residual and money factor? What is the sale price of the car? How many miles?
Last edited by Nick3753; 07-12-2014 at 07:09 AM.
07-13-2014, 03:59 AM
#4
It could be a 2014 model offer since the 2015 models are coming soon. Looks good. But check the small print.
On April I was looking to lease the SQ5 and the monthly payment did not come lower than 790 + tax with 10k miles/year and 5,000 cash at signing for 42 months. The car was the fully loaded one with a tag price of 61,000. I´m not sure about the residual.
On April I was looking to lease the SQ5 and the monthly payment did not come lower than 790 + tax with 10k miles/year and 5,000 cash at signing for 42 months. The car was the fully loaded one with a tag price of 61,000. I´m not sure about the residual.
07-15-2014, 01:01 PM
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Not an answer to your question, because I have not shopped the SQ5, but having driven leased Audi's for years, they have gotten ridiculously expensive as a lease. I love the brand, so let's not turn this into a brand contest folks.
In 2011, I was looking to lease an S4 sedan. The MSRP was 52,000. On a 36mo lease, no cap reduction, 12k, the payment with tax (in PA) was $785. I also shopped a BMW 335i sedan, MSRP $51,000, lease payment with the same terms was $620. I know the Audi salesman, so I asked him what was up. He laughed and said Audi doesn't want to lease you the car that badly, so they don't offer customer incentives (competitive money factor, good residual, etc). He said especially on the S models, Audi knows they have strong demand, and they take advantage of that in the way they price the lease. I leased the 335. Although I liked the S4 a bit better, it wasn't worth $165/mo. increase. Similar difference last spring when I replaced the '11 with a '13.
This comparison can get mind bending with leases, so I always keep all the lease terms the same car to car.
I also discovered you can look at the payment as a % of the MSRP, and have a really great yardstick to compare. If you mix cap cost in, it will make it complicated again. For this comparison, just simply divide the quoted lease payment by the actual MSRP of the specific car you are considering. A good deal is about 1.05-1.10% (in PA incl tax of 9%) If it is much higher than that, (besides the obvious that the deal is less favorable) it simply means something, or combination of things isn't going your way. Maybe the residual is lousy, maybe the money factor is high? If you can bargain your way to a 1.075% +/- payment, you have gotten yourself a fabulous deal.
For example, my current 335 had an MSRP of $54,500. The total payment is $585, a 1.07% of MSRP.
Your percentage will vary because of differences in local market taxes, as well as maybe you are not shopping the same length lease, or mileage. Either way though, this way of approaching it will carry over. Good luck, and I am watching too to see if others can help give you what deals they were able to negotiate.
In 2011, I was looking to lease an S4 sedan. The MSRP was 52,000. On a 36mo lease, no cap reduction, 12k, the payment with tax (in PA) was $785. I also shopped a BMW 335i sedan, MSRP $51,000, lease payment with the same terms was $620. I know the Audi salesman, so I asked him what was up. He laughed and said Audi doesn't want to lease you the car that badly, so they don't offer customer incentives (competitive money factor, good residual, etc). He said especially on the S models, Audi knows they have strong demand, and they take advantage of that in the way they price the lease. I leased the 335. Although I liked the S4 a bit better, it wasn't worth $165/mo. increase. Similar difference last spring when I replaced the '11 with a '13.
This comparison can get mind bending with leases, so I always keep all the lease terms the same car to car.
I also discovered you can look at the payment as a % of the MSRP, and have a really great yardstick to compare. If you mix cap cost in, it will make it complicated again. For this comparison, just simply divide the quoted lease payment by the actual MSRP of the specific car you are considering. A good deal is about 1.05-1.10% (in PA incl tax of 9%) If it is much higher than that, (besides the obvious that the deal is less favorable) it simply means something, or combination of things isn't going your way. Maybe the residual is lousy, maybe the money factor is high? If you can bargain your way to a 1.075% +/- payment, you have gotten yourself a fabulous deal.
For example, my current 335 had an MSRP of $54,500. The total payment is $585, a 1.07% of MSRP.
Your percentage will vary because of differences in local market taxes, as well as maybe you are not shopping the same length lease, or mileage. Either way though, this way of approaching it will carry over. Good luck, and I am watching too to see if others can help give you what deals they were able to negotiate.
07-16-2014, 05:25 AM
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I try to look at lease vs buy in terms of money out of pocket over x months. It may not be an ideal way, given there's a huge out of pocket cost, and its tough to compute present value of money vs expected car value in 3 years, but it's one way - and it might be wrong as well 
So If my lease is 2k down for fees, and $750 a month for 36 months = $29,000
If I purchase 54k car, drive for 36 months, and sell for 30k, my cost = $24,000
So If my lease is 2k down for fees, and $750 a month for 36 months = $29,000
If I purchase 54k car, drive for 36 months, and sell for 30k, my cost = $24,000
07-16-2014, 10:35 PM
#7
Here is a link to a lease calculator. It will also rate your lease (Deal Rater) based on the numbers you enter. It is a good tool to help you decide how good of a deal you are getting.
http://www.ridewithg.com/calculator/index.html
http://www.ridewithg.com/calculator/index.html
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07-24-2014, 06:31 PM
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It could be a 2014 model offer since the 2015 models are coming soon. Looks good. But check the small print.
On April I was looking to lease the SQ5 and the monthly payment did not come lower than 790 + tax with 10k miles/year and 5,000 cash at signing for 42 months. The car was the fully loaded one with a tag price of 61,000. I´m not sure about the residual.
On April I was looking to lease the SQ5 and the monthly payment did not come lower than 790 + tax with 10k miles/year and 5,000 cash at signing for 42 months. The car was the fully loaded one with a tag price of 61,000. I´m not sure about the residual.
07-25-2014, 06:40 AM
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I can't seem to justify a lease on a Q5 or SQ, it's purchase or nothing. Between the lease acq fee and Money Factor, it just doesn't make financial sense.