Hi - got the following lease deal. Any thoughts on if this is a good deal? Thanks!
Q5 Premium
MSRP: $49,605
Sell Price: $45,608
Term: 36 months - 10,000 miles/yr
Monthly: $699/month
Due at signing: $999 total due at signing (DMV + first month)
Money Factor: .00247
Residual: $29,266.95
How does it compare to the Marketplace ?
You can do quite a bit better. Marketplace has deals up to 12% off MSRP.
Terrible man. Try @OffStickerPrice.com
Thanks for the heads up Mike.
I can handily beat that deal. Q5 40 premium will be 11%+ discount vs the 8% you were quoted.
Bad. I pay less a month for an $83k Q8 e-tron
The MF is too high! Is this based on Tier 1 credit? Also you can do better on the selling price. See if you can get it down to $40K with 4% MF. If you can lease it for the low $500s I think you’ve got a good deal.
Finally, shop around by calling different dealers (up to 200 miles) and asking for their best OTD (out-the-door pricing) before you get into lease numbers. Once you get the best OTD go back to each dealer and use that to get lease numbers. Also check how long the car has been sitting on the lot b/c the greater the number the better OTD you can negotiate. Again use the OTD to get the lease number. Good luck!
Nobody gets deals here by calling and asking for their best OTD price. Dealers get this question 50 times a day from non-leasehackrs and know you are just taking it to the next dealer. Figure out a target and make offers.
To get a good deal you need to me much more flexible on make and model. The Q5 doesn’t have enough lease incentives considering how uncompetitive it now is. So pursuing a good deal on this is likely to be futile.
That’s not entirely true. Some dealers that are transparent will share the best OTD and id they don’t then its a red flag and you need to move on and look for one who is willing to play ball.
Lol wut? I leased 1 and 2 for friends 23 Q5 P+ for less than $480 before tax with only drive offs no MSDs. Get a 23 for the discounts they have. Mf went up, haven’t calculated new prices
Your best chance of getting a good deal is to do your homework, be thorough, be prepared, and be in control of the deal. Don’t let the dealer control by chasing after them. Leave no stone unturned. And, above all, you better know leasing as well as anyone. Finally, submit a one-page lease proposal, like the one below, to the dealer. It speaks volumes. I promise you it will get their attention. Most likely, the SM will be calling you, not a floor salesperson. I always deal with the SM. You want a decision maker.
