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Horrible money factors

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Old 07-17-2014, 07:38 PM
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Originally Posted by Transfer
I was all set to lease my SQ5 back in the fall but when I started getting lease info, there was no way in hell it made any financial sense. Audi doesn't lease well so I ended up financing through my credit union
Same. Audi leases have been awful for years. I just put down enough so I'll have equity at every point in the 60 mo, and financed the balance at 2.09%.
Old 07-17-2014, 09:46 PM
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Pretty much the same story for me...the lease money factor worked out to be equal to 6% and I just wouldn't do that so I scraped together a bigger down payment and financed at my credit union for 1.85% I got pre approved and went into negotiations with cash in hand, which is a pretty potent bargaining tool. It takes that financing card out of the dealership's hand and they know you are a serious buyer. I highly recommend the practice for anybody shopping for a car.




Originally Posted by big residual
Same. Audi leases have been awful for years. I just put down enough so I'll have equity at every point in the 60 mo, and financed the balance at 2.09%.
Old 07-18-2014, 04:32 AM
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I'm at 500 over invoice on price (with either lease or buy), figured that's about as low as I'm going to get on a custom built 2015. Anyone hear of any better deals? Or acquire one themselves firsthand?
Old 07-18-2014, 11:51 AM
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I also looked at leasing and the numbers just did not make any sense. So... I financed it at 1.9%.
Old 07-18-2014, 12:12 PM
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Those are some pretty low financing rates. Really large DP or short loan term?
Old 07-18-2014, 11:16 PM
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1.85% for 60 months. (My credit union and my credit rating is golden)

Originally Posted by laakness
Those are some pretty low financing rates. Really large DP or short loan term?
Old 07-18-2014, 11:36 PM
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Originally Posted by laakness
Those are some pretty low financing rates. Really large DP or short loan term?
Mine was for 72 months $6k down. However, I pay almost $300 extra each month, so I plan on having it paid off in less than 5 years.
Old 07-19-2014, 04:44 PM
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$500 over invoice seems pretty good. $1K over invoice was the best I could get down to when I bought, but I'm not the best negotiator.
Old 07-20-2014, 06:48 AM
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Originally Posted by Munchpup
I'm at 500 over invoice on price (with either lease or buy), figured that's about as low as I'm going to get on a custom built 2015. Anyone hear of any better deals? Or acquire one themselves firsthand?
I got a dealer savings of 4% off MSRP. Not sure how that applies to invoice. Couldn't do any better, talked to three different dealers in Alabama and finally realized that if I wanted a Q5, that was the best deal I was going to get. Had to order 2015 to get that. Not much discount on Q5 in Central Alabama.
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