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Leasing a new Q5 for the wife, need help on money factors....

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Old 04-15-2014, 03:47 AM
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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
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Old 04-15-2014, 04:12 AM
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I'd recommend checking out the Q5 forums on Edmunds.com. They are much more active in regards to financing questions.
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Old 04-15-2014, 05:02 AM
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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%.


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Old 04-15-2014, 05:10 AM
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Audi does have high lease rates....
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Old 04-15-2014, 05:23 AM
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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.
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Old 04-15-2014, 03:01 PM
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Prefer buying for 48 months, than leasing... Youcan get a low rate and Audis have good resale value.

Bingo,
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Old 04-15-2014, 04:35 PM
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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.
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Old 04-15-2014, 06:04 PM
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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%.


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Thanks for the math, Ill check out Edmonds
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Old 04-15-2014, 06:04 PM
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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.
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Old 04-15-2014, 06:05 PM
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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.
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