I’m looking to lease a P+ or Prestige 2021 Audi SQ5. Preferably in Blue or Black exterior and black interior.
I’m looking for 36/15 in CA. I’ve verified the:
residual is 56% (with Audi Care Bump)
MF is .00021
$1k lease cash for CA dealers/residents
Audi Care is $1199
After emailing a few dealers about my target deal of buy-rate and 9% off, the best I’ve received is about 6% off and buy-rate.
Wondering if folks have advice on whether it’s an okay deal given market conditions on supply? How much better would you think it gets in 4 months? I could try and find a loaner for like $600/mo, so not ideal - unfortunately need a car these 4 months too
What is your target based on? If brokers can get you 9%, but the best you’ve been able to do is 6%, then why not go the broker route?
That said, to answer your question, yes this is an okay deal given market conditions and supply, and no one knows what things will look like in 4 months.
Like most cars it’s not near as good as you could’ve done a few months ago, but also not near as bad as some things we’re seeing.
Also, if you’ve emailed dealers asking for 9%, and they said sorry 6%, then there still might be some room to work there, especially as we’re close to end of month.
If you can wait, you should wait. I’m not even sure how a P+ can run up to just shy of $70k but paying $900 a month for this unit is robbery…even if good by the standards of shortage and deals being worse overall. I would not bank on a Prestige as you will take a further residual value hit, probably 2% to get a few bells and whistles that won’t matter in the long run.
Thanks for the candid feedback @Siejammy, appreciate it - any advice on what a similarly spec’d SQ5 would go for in 3-4 months? I was considering Costco $2k and maybe $3k more off MSRP (10% instead of 6%). All together, that would be $150/mo cheaper, which is an appreciable total of $5k out of $30k over the lease.
I wish I could tell you but these are totally abnormal times due to the car shortages. Typically with Audi, the best time of year IMO is December when they have the holiday sales event. The incentives are better, the RV’s have typically not dropped a great deal more and 10-12% on an SQ5 was achievable pretty readily. The choice you have now is if you want to take a bad deal due to circumstances in case things continue to get worse, or wait it out if you have that luxury, and hope things improve. If you have the luxury of waiting, I personally would.
