2023 Audi Q8 Advice on Lease or Finance

Ask the Hackrs Buy/Finance
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1

I am picking up my brand new Audi Q8 2023 Premium Plus for $85,000 this Saturday. I ordered the car 9 months ago at my dealership and it has finally been delivered to the lot. I am wondering if I should lease or finance the car. My credit is phenomenal and I have been offered a 60 month loan for 3.8% interest through my bank or if I lease I would be at around 7.4% on a 00.00312 MF. Just trying to see what I should do? Also can I negotiate below MSRP since I ordered 9 months in ahead.

2

  1. 7.4% on a lease? Ick…just ick, finance it ! There is no incentive to lease it so you lose on Acq and Dispo as well.

  2. Order? Doubtful UNLESS they have a ton of them on the lot.

3

I think that you have a chance to get a discount. Brokers seem to have around 4% off. Someone just had 10% off on everything in stock. If they have something in stock close to your build you could save 8K. I’ve been keeping an eye on the 2021-2022 Q8 and it doesn’t seem to have a bid at all.

4

Inserts self plug here Interior could get you to 3.5% on a 60 month loan.

5

Did you discuss any discounts with the dealer when the order was placed? Are there any incentives you might qualify for?

I believe it was a broker’s Black Friday sale from last month.

6

Here’s an idea for you. If your dealer has any 2023 Q8s in stock reach out with a different email and phone number and see if they will agree to give you an X% discount based on your research here. Then you will have your answer and you can go to your dealer and tell them that the market has changed a lot since you placed your order and you’ve heard that now people are getting X% discount.

7

Any negotiating should have been done at the time of ordering (or just prior to it). In a sense, you had already agreed to a “deal”, so it is a rare a dealer would budge much.

In terms of lease vs finance, the rate difference is obviously apparent. Have you asked yourself how long you anticipate to keep the vehicle in comparison to have the Q8 will potentially retain value? Some German cars will lose value rather quickly the first few years.

8

If he walks away the dealer will have to offer a discount to someone else. That’s why I suggested he reaches out separately to see what’s their current market discount.

1 Like
9

The dealer doesn’t have to discount at all. What’s the say that location even has any ‘23 Q8s, or if they do, that they are discounted? It is possible, but we can’t jump to assuming because someone was offering a discount with their units.

10

Looks like OP is in So Cal. I just checked Audi Fletcher Jones and they seem to have 5 in stock with around the same MSRP.

11

And what are the sales prices in comparison with the MSRP’s?

Either way, that doesn’t necessarily change the situation with the OP’s dealership because that is where the vehicle was ordered.

12

If you plan on driving the car past 50,000 miles make sure to get warranty. The interest for lease is too high.

13

Here is my simple answer - see what is the % off you are getting on the LH marketplace , if you see discounts , then you can ask . But if you dont see any discounts for this model , then it might be tough . Only other imp criteria is - you said you ordered , is there anything unique or was it more or less a common configuration , if you picked lot of specifics then the dealer will take his chances and wont budge

But if its a common configuration - then you definitely should not pay msrp - the discount might not be as heavy as a q5 or q7 but you will get some