DEAL CHECK: 2023 Audi Q5

Looking to lease an 2023 Audi Q5 Premium Plus and as someone new to the world of leases, would love to lean on the community for its accumulated wisdom:

  1. is this a good deal?
  2. couldn’t get the lease hackr calculator to tie the numbers despite my best efforts - would appreciate some help here. My attempt at the calculator is here
  3. residual matches what i get from rate findr but dealer is quoting a higher MF (0.00289 vs. 0.00249 on rate findr)

Any help is very much appreciated!!!

Deal details below:
MSRP 57410
after 14% discount 49372
rebate 5500
optional protections: executive shield 399 + lease end protection 2130
doc fee 85
acquisition fee 895
registration fee 636
other fees 20+20+8.75
residual 0.63
MF 0.00289
24M lease, 10k miles per year, 2000 down

monthly payment quoted by dealer is 756.68, with “2000 due at signing, and 23 payments thereafter of 756.68”

No, hold tight that 14% includes $750 from Audi. I think the new rebate is $5500. Waiting on confirmation. This car is better on 36 month lease. Get a sport back if you can.

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If you’re actually getting 14% off before rebates don’t worry about the MF

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Most cars don’t actually lease well. They just don’t have the foundation (of favorable MF, RV and rebates) to do so.

There are just a handful of gas cars that do, and some EV and PHEV.

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Terrible deal

Get rid of these packages.

So $2k due at signing? What does it include?

Dealer is giving a higher discount in exchange for a marked up MF. Nothing wrong with that.

Share your best attempt at the calculator.

Something seems off with your quoted monthly and rebates. See my previous comment about the calculator

Would I pay $7xx/month for a $57k Q5? Probably not.

audioffers.com shows a $5500 rebate on the 2023 Q5.

Unless you’re very hard on your vehicles you don’t need lease end protection. That’s to cover dings/dents/scratches/excessive wear and tear to vehicle

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Thanks for chiming in! Can you share a short description of why you think this isn’t a good deal? Would love to learn as much as possible :slight_smile:

Appreciate the detailed response!

The $2k due at signing is the upfront deposit, but it includes the first payment of 756.68. So I would have 23 more payments to make after I drive off with the car.

My attempt at the calculator is here

To your point of not paying 7xx/month for a 57k Q5 - what would be a better monthly price in your opinion?

You’re asking the wrong questions. Can you get a better car for this money? Or a similar car for less money? Being fixated on one make and model is usually how people get destroyed on a lease.

When I am home I’ll run this on 36 month for you but with this much off even with those adds it should be decent.

Why does your calculator show a discount of less than 10%? It also shows a down payment of $2k.

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Is this you pre-incentive discount or does it include the $5500 rebate?

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