Hi, My 80 year old mother just contacted me looking to replace her 2015 Q5 Premium with a new one (Premium Plus) with 3 payments left on her current lease. She prefers to work with the current dealer but if I can get it substantially less (I’ll gladly pay for a broker) she’ll switch. I live in Chicago so I’m doing it long distance. If it’s close I know she wants to stay with him. Below is the information from the worksheet he sent to me, on her behalf. Her current car had some damage to the bumper and I believe a panel (getting out of her garage) and even though she had it fixed he said Audi will charge her for it if she returns it to them so he will buy it – hence the negative payment in the totals. Please give me your feedback – I’m not discounting that this could be an excellent dealer that is trying to do a fair deal for her. I know not everyone is super-greedy!
36 months/15K miles
Cash DAS: $2000. (includes first payment, NJ taxes, etc)
MSRP: $49,550
Discount: $5946
Sale price: $43,604.
Payments: $555.61
Allowance: $22,500
Payoff: $23,860
Money Factor: .00165
Residual: 54% ($26,757)
Net trade allowance: -$1360.00
Customer Cash: $2000
Total rebates: $4,055.61
Total Cash and Rebates: 6055.61
Security Deposit: 0.00
Acquisition fee: $895.00
Advance payments: $555.61
Total Cap Reduction: $5500
Residual: $27,757
Due on Delivery: $2000.00
Is the car you’re trading in really a 2018? Are you losing the £1360 on trade in, why are you trading in a Q5 Premium for a Q5 Premium Plus? Is it just to switch to the new version and get better tech?
I’m not sure about Audi but I’d assume as long as any damage is repaired properly then you wouldn’t be penalised on lease return. Was it repaired correctly? If not take it to get fixed now and it’ll be far cheaper than what Audi will charge and will simplify the lease end period.
Does your 80 year old mother really need 15k miles? If you can reduce that it will lower the cost a bit. 11% off looks very healthy. Might want to check out the brokers in your area as they will be able to tell you very quickly if they can better it. Have a look here: https://forum.leasehackr.com/c/reviews
I’ll go back and fix it – trading in a 2015 (I thought I triple checked for typos). My mother is in New Jersey – I’m in Chicago so I’m doing it long distance. She does need 15,000 miles. She’s active and takes quite a few trips. She is bordering going over miles right now on her current lease (But she’ll be just under). I’ll also go to the calculator – I don’t know why I forgot! And yes, she basically wants something new (I’m trying to talk her out of it until her lease is up)
She drives to Philly (60 miles) once a week and Long Island 100+ miles a couple of times a month. Love her…I hope I’m as active (I hope I’m alive) at her age!
Wow, that really is great to read and good that you’re assisting her.
With you being a distance away I think a broker would really make your lives easier. You could contact one of the well established ones like @nyclife and very quickly decide if it makes sense to go that route. For a car like a Q5 he’ll know if he can better that deal.
The standard safety kit on the new Q5 Premium Plus is good to have as well with:
Audi side assist and Audi pre sense® rear with Rear cross traffic assist & Vehicle exit assist
