MDK993

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

habu987

I'd recommend checking out the Q5 forums on Edmunds.com. They are much more active in regards to financing questions.

dsackman

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%.


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Coolieman1220

Audi does have high lease rates....

Parsec

That's why many Audi owners tend to buy their cars, whereas BMW owners lease them.

Chuck2006

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

Bingo,

mjfloyd1

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.

MDK993

Thanks for the math, Ill check out Edmonds

MDK993

Thanks, never looked at that forum. Ill take a look tonight.

MDK993

I lease for tax purposes, I get to write a larger portion off.