11% off and base MF is close to as good as you’ll get on a Q5. We’ve seen some people get SQ5’s in the $600’s p/m, it’s been a few months since I compared residuals though. Target older stock on cargurus.com and ~15%+ seems easier to get on the SQ5.
2018 Audi Q5 - Premium +, Navarra Blue, Trading in a civic with $1500 less than the payoff.
Is this a Good deal?
Leasing for 48 months, vehicle will be registered on your name.
MSRP: $51,600
Net Cap Cost: $44,700
$1750 Down
Residual: $25,800 (50%) - after 48 months
Depreciation Per Month: $393.75
Finance Per Month: $162 (APR looks to be 5.53%)
Sales Tax Per Month: $56.00 (6.25% in tx)
Inquire about tax credits, that’s an easy way for them to knock another ~$2k off and it doesn’t cost them anything. Double check the APR 5.53% and make sure it’s base for 48 months. 36/39 won’t be that much more but will save you more on servicing/tires/brakes/etc.
Why wouldn’t you purchase it and get Audi car and extended warranties? The cost over 5/6 years may be better compared to a lease especially considering you may be able to get a lower interest rate this way.
I was thinking this as well… there may be different incentives for a purchase as well over a lease. Leasing for 4 years and then purchasing after it doesn’t seem to make much sense since you’re making no principal payments and only paying on depreciation.
In Texas you should definitely not lease to buy unless you get tax credits as you’ll pay 100% tax on the lease, and then tax again on the buyout price, effectively ~150% tax.
It’s a pretty good deal, obviously the Texas sales tax and your negative equity is bumping the cost up. Tax credits or MSDs are about the only way to improve this deal.
If you do want to have a lower lease like payment but with the option to hand the car back, only BMW have a financial product called Owners Choice that does that.
2018 Q5 Premium Plus Tech 36/10
MSRP: 52075
DAS: 925.12 (sales use tax 178.75 + 1st month 582.37 + title/registration 164.00)
monthly including taxes and AudiCare: 582.37
I know not the best deal on here but local dealer couldn’t get close to this and had to travel 90 miles to pick the car up. All done over the phone with the internet sales manager.