Go Back   AudiWorld Forums > Audi Models > Audi Q3 /Q5 / Q7 > Q5/SQ5 Discussion
Sign in using an external account
Register Forgot Password?


Q5/SQ5 Discussion Discussion forum for the Audi Q5 SUV
Sponsored by: Audi

Welcome to AudiWorld Forums!
Welcome to AudiWorld.com.

You are currently viewing our forums as a guest, which gives you limited access to view most discussions and access our other features. By joining our community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join the AudiWorld Forums community today!


Reply
 
 
 
 
LinkBack Thread Tools Search this Thread Display Modes
Old 04-15-2014, 03:47 AM   #1
Audiworld Junior Member
Account #: 281006
 
Join Date: Apr 2014
Posts: 44
Default Leasing a new Q5 for the wife, need help on money factors....

As the title states Im having a new Q5 built for my wife, it should be delivered in the next 2-3 weeks. My sales guy shot over the lease info last week and it seems a little high so I wanted to post here and see what you guys think.

Money Factor = .00246
retail price = 47,495,
paying = 45,000
residual = 24,697
Payments with 4500 down 42 mo @ 10K/ yr = 651.09

does this seem in line with what others have gotten lately? I feel its a little high but not sure. Thoughts? Thanks
MDK993 is offline   Reply With Quote
Old 04-15-2014, 04:12 AM   #2
Audiworld Junior Member
Account #: 243040
 
Join Date: Sep 2012
Posts: 33
Default

I'd recommend checking out the Q5 forums on Edmunds.com. They are much more active in regards to financing questions.
habu987 is offline   Reply With Quote
Old 04-15-2014, 05:02 AM   #3
AudiWorld Member
Account #: 28542
 
Join Date: Nov 2001
Posts: 461
Default

Quote:
Originally Posted by MDK993 View Post
As the title states Im having a new Q5 built for my wife, it should be delivered in the next 2-3 weeks. My sales guy shot over the lease info last week and it seems a little high so I wanted to post here and see what you guys think.

Money Factor = .00246
retail price = 47,495,
paying = 45,000
residual = 24,697
Payments with 4500 down 42 mo @ 10K/ yr = 651.09

does this seem in line with what others have gotten lately? I feel its a little high but not sure. Thoughts? Thanks

As he stated above - see Edmunds.com.

However that money factor works out to 5.9%. I would say a tad high.

Rate = Money Factor X 2,400 = .00246 X 2,400 = 5.904%.


.
dsackman is offline   Reply With Quote
Old 04-15-2014, 05:10 AM   #4
AudiWorld Senior Member
Account #: 167682
 
Join Date: Aug 2009
Location: NYC
Posts: 1,441
Default

Audi does have high lease rates....
__________________

09' Audi Q5 3.2 Premium + (Lease Return) 12' Audi Q5 2.0t Premium + 14' Audi Q5 TDi S-Line
09' Ducati Mosnter 696 (Upgraded to) 12' Ducati Monster 796
2013 BMW S1000rr
2010 BMW 335d
2010 VW Jetta TDI

Coolieman1220 is offline   Reply With Quote
Old 04-15-2014, 05:23 AM   #5
AudiWorld Senior Member
Account #: 226959
 
Join Date: Dec 2011
Location: New England
Posts: 884
Default

Quote:
Originally Posted by Coolieman1220 View Post
Audi does have high lease rates....
That's why many Audi owners tend to buy their cars, whereas BMW owners lease them.
__________________
Hers: 2012 Audi Q5 2.0T Ibis White/Cinnamon
Mine: 2006 Honda Ridgeline RTL
Parsec is offline   Reply With Quote
Old 04-15-2014, 03:01 PM   #6
AudiWorld Member
Account #: 278165
 
Join Date: Mar 2014
Posts: 173
Default

Prefer buying for 48 months, than leasing... Youcan get a low rate and Audis have good resale value.

Bingo,
Chuck2006 is offline   Reply With Quote
Old 04-15-2014, 04:35 PM   #7
Audiworld Junior Member
Account #: 243496
 
Join Date: Sep 2012
Posts: 89
Default

I wouldn't put $4500 down unless it is for multiple security deposits (MSD). If you total the Q, that $4500 is gone if it is a down payment. In the same scenario, you would get the MSD money back. You would also get the MSD money back at lease end. The MSD is used to lower your money factor.
mjfloyd1 is offline   Reply With Quote
Old 04-15-2014, 06:04 PM   #8
Audiworld Junior Member
Account #: 281006
 
Join Date: Apr 2014
Posts: 44
Default

Quote:
Originally Posted by dsackman View Post
As he stated above - see Edmunds.com.

However that money factor works out to 5.9%. I would say a tad high.

Rate = Money Factor X 2,400 = .00246 X 2,400 = 5.904%.


.
Thanks for the math, Ill check out Edmonds
MDK993 is offline   Reply With Quote
Old 04-15-2014, 06:04 PM   #9
Audiworld Junior Member
Account #: 281006
 
Join Date: Apr 2014
Posts: 44
Default

Quote:
Originally Posted by habu987 View Post
I'd recommend checking out the Q5 forums on Edmunds.com. They are much more active in regards to financing questions.
Thanks, never looked at that forum. Ill take a look tonight.
MDK993 is offline   Reply With Quote
Old 04-15-2014, 06:05 PM   #10
Audiworld Junior Member
Account #: 281006
 
Join Date: Apr 2014
Posts: 44
Default

Quote:
Originally Posted by Chuck2006 View Post
Prefer buying for 48 months, than leasing... Youcan get a low rate and Audis have good resale value.

Bingo,
I lease for tax purposes, I get to write a larger portion off.
MDK993 is offline   Reply With Quote
Old 04-15-2014, 06:05 PM
AudiWorld
Audi R8




Paid Advertisement
 
 
 
Reply

Tags
2014, audi, factor, forum, lease, leases, money, nyc, q5, tdi


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 04:49 AM.


Copyright 2014 AudiWorld.com Audi Enthusiast Community