Hello, please tell me if this is a good deal.
I currently lease a 2019 Audi Q5 with 3300 miles on it. As per the dealer, they are offering me 2200 equity on it
I am getting 1500 lease incentive.
RV is 60%, MF is 0.00232
The car has tint etc on it - which dealer is charging me 1764. He lowered the sales price by 827 to meet me halfway
Bad. Dealer add ons with an audi and minimal discount? Pass.
Dealer said his invoice to msrp was 4.5% markup
$776 for $52k for a 40 is terrible.
3300 or 33000? Horrible deal.
He forgot to mention dealer holdback, reserve, Audi volume incentive etc etc… Tell this dealer you need the “pencil”. That will be fun! I think he meant he has 14.5% in the car with the addons.
How much in the $1,747 in adds?
14% is an employee deal so fairly close to the bottom line.
Nah it’s terrible, Q5’s should be around 10% off without rebates or trade.
The sales manager said his invoice cost from Audi and sales price has only 4.24% markup
Ouch this is bad on so many levels- discount is super low and addons seem high, MF likely marked up. I would check with other dealers but do some homework first.
We like you to read on here for a few hours including the helpful articles on the main LeaseHackr page, then post your own question.
You would want to research the “Shared Deals” section and a search for Q5 and then you would want to go into the marketplace and see what dealers and brokers are offering on Q5’s. While doing this, go over to Edmunds and create a post asking for the MF / RV for your model and term desired, as well as any incentives. Once you have this information begin to formulate your target deal off all the aggregate data points you have collected.
Thanks! I did that and used rate h ke still got this crappy deal
Have you reached out to any of the dealers or brokers on here that have a relationship w/ Audi, perhaps see what they can do for you first?
Offer $46,580 as adjusted cap cost and buy rate MF. Call it a day.
Thank you. I reached out to Drew over email as well!!
Thanks everyone. I couldn’t work with Drew because I had contacted the dealers already but his advise was invaluable. Finally signed the following lease
2023 Q5 45 Premium Plus
MSRP: 53,935
Selling Price: 50,500
1500 rebate
61% residual
0.0239 MF
Trade-in equity on 2019 Q5 premium with 33,000 miles at 2500
$696/month with 695 down
