MDK993

I agree, usually dont put much down if any. I still have a couple weeks before delivery to negotiate with them.

MDK993

Ive actually done the opposite, leased from Audi and MB but purchased a BMW.

Dustin Fennell

Here is a link to a good lease calculator that gives your lease a rating. You can play around with the figures to see how it affects your payment.

http://www.ridewithg.com/calculator/index.html

tdifan

This is only if you really return the car at the end, otherwise, it evens out over period of time, but you still have the car after that with the buying option.

Getting back to the original topic, right now - lease programs are good (better than 3 years ago) in case you really want to get rid of the car at the end. The residuals values are higher than 3 years ago and it wouldn't benefit the customer to actually buy off the car at the end. Just my 2 cents, after my original RV was set at 20,400 and the car was selling for >30K.

Zcobra1

Pentagon Federal CU has a payment saver program, a purchase with a balloon
at end of term. This is not a lease, I got my Q5 for 1.24% for 36 months back in January, with a balloon due in 3 years.
Best way to have low payments, very low cost of money, and unencumbered
by lease conditions. Gap is included.

You can go 24 to 60 months. Anyone can join Pen Fed.

acadapter

How in the world did you get the Payment Saver Loan at PenFCU on the Q5?! It excludes SUVs and Trucks. I know it allows you to put a VIN in for a Q5, but I was too afraid to actually apply and get struck down with the hammer for not following the rules. If it's possible, I would surely use this as I did the same with my G35 and I actually made money back on the sale to the dealer instead of incurring the balloon at the end.

Zcobra1

They consider it a "wagon" ......I thought the same thing, would not
approve the Q5. I applied and literally minutes later my loan was approved
and check to purchase the car in the mail....

acadapter

You sir, are my new best friend.

93illini

Zcobra1,

Interesting feedback on Pen Fed. I spoke to them a few weeks ago specifically on the Pmt Saver for a Q5 and after they looked up a VIN was told it didn't qualify. Maybe I should just apply online and see what happens - want to do a short term deal on a Q5 TDI and flip when the redesign comes out in a couple years.

Below is current info from Pen Fed website

"Trucks, Vans, Crossover Vehicles, Smart cars and SUVs are not eligible as Payment Saver Loan vehicle types. This restriction includes hybrid trucks and SUVs as well.

Pre-approved drafts no longer available for Payment Saver loans."

USAVAGEU

The money factor is similar to interest. To get the equivilant interest rat you're paying, multiply the MF X 2400.....Conversely, to change an interest rate to a MF, divide the interest rate by 2400 ( example 4.5% /2400 = .001875).
BTW, this was the best MF I could get my dealer to offer. I won't do it...I'll just have to buy my SQ5.