Ok folks, my turn to share a new one. The getting is good on SQ5s so if you are considering one, now is the time. I broke my current Audi lease early to upgrade so there is ~$1k of negative equity rolled into this deal. You should be able to do even better without that factoring in.
2018 Audi SQ5
**MSRP: $63.5K
**Selling Price: $53.9K + $869 Audi Care (this has the $1k neg equity in it, stripped out the total discount is ~17%)
**Monthly Payment: $626
**Incentives: $3,750 - $1k Audi loyalty, $2,750 SQ5 lease cash + Season of Audi
**Dealer discount : 11%
**Cash Due at Signing: $1,300 (1st month, doc, tax/title) + $6,500 MSD
MSD: $6,500
Months: 39
Annual Mileage: 12K
MF: .00164 (base rate)
Residual: 58% (1% from Audicare)
Region: New England
THINGS TO KNOW - This deal is replicable even without Audi loyalty given my $1k neg equity element. If you have loyalty, this deal (with my tax rate) is literally sub $600. If you put 0 MSDs down you would still barely be above the 1% rule. Shoot for 10% - 12% in dealer discount before incentives, it is doable.
When deciding on 39 vs. 36 month terms, factor in what your state/local registration fees and cycles are. For me, registrations are every 2 years so adding 3 months to a normal 36 month term doesn’t change much for me. If you pay yearly however, be sure to think about that cost vs. the benefit of 3 extra months into year 3.
Special thanks to @mikem @IvanAudi and @Jonathan, oh and @Ursus for some calculator mentoring