If you’re in the market for a new vehicle, or maybe your lease is expiring soon, you might be considering an Audi Q5. They are stylish, luxurious, and comfortable cars that deliver on performance.
The Audi Q5 comes in various packages and options that allow you to customize it exactly how you want it. The Audi Q5 is an excellent option if you’re considering a lease.
The average price to lease a 2022 Audi Q5 is $700/ Month. The cost to lease a Q5 will range from $600 to $900 depending on the model, options, and credit score.
Their MSRP ranges from $44,000-$65,000, but you can find them for less if you do a little research and shop around.
The Audi Q5 comes in 3 different packages: Premium, Premium Plus, or Prestige. Each package contains various features, so you can choose the Audi Q5 that works for you. Audi also offers luxury packages, allowing new paint colors and trims to be added to your Q5 lease.
Let’s deep dive into this fantastic mid-size SUV.
- Audi Q5 Overview
- Cost to Lease An Audi Q5
- Cost Of Maintaining My Lease
Audi Q5 Overview
The Audi Q5 is a luxury SUV that was first released in 2009. Either a 2.0l four-cylinder turbo engine or a 3.0L V6 supercharged engine powers the Q5. There are also different versions of the Q5, including Standard, Premium, Premium Plus trims, and the more expensive Prestige trims.
The Audi Q5 is known for its speed, design, technology, performance, fuel efficiency, and interior luxury. It’s categorized as a crossover utility vehicle with seating for up to five people. It also offers plenty of cargo room for those living on the open road.
The Audi Q5 is available in many different color options for exterior and interior trim.
Cost to Lease An Audi Q5
If you’re ready to sign a new lease for an Audi Q5, expect to pay $700/month on average.
This price can range from $600 to $900, depending on the trim level and options you choose. It is also important to note that your credit history will also be a factor in determining how much your base lease price will be.
Our average lease price is for a 36-month lease with 12,000 miles a year. You can choose to do a shorter or longer lease, increase your yearly mileage, or decrease your annual mileage.
Choosing different yearly mileage and lease duration will also affect the cost of your lease. If you decide to have more annual mileage, your lease price will increase. Having less yearly mileage will typically decrease your lease price.
If you opt for a shorter lease duration, your cost will typically go up. A longer lease duration will usually decrease your price. This is primarily because the vehicle’s depreciation is spread over a more extended period.
It is also important to consider any down payment or trade you’re making. The standard rule of thumb is that every $1,000 you put down on your lease saves you $20 on your monthly payment.
If you’re considering a lease on an Audi Q5, remember that the price can change depending on package, mileage, and credit score.
It is essential to know everything about what you want in a vehicle and how much you can afford before going into a dealership. This will help ensure you get the best deal.
Price to Lease a 2022 Audi Q5 Premium
If you choose to go with the premium trim level for your Audi Q5, expect your lease to average $670/month. This price can range from $600 to $830, depending on the options you choose and your credit score.
Price to Lease a 2022 Audi Q5 Premium Plus
The premium plus package will typically cost you around $730/month for a 36-month lease with 12,000 miles per year.
Price to Lease a 2022 Audi Q5 Prestige
If you want to get the high-end trim level, the Audi Q5 prestige will be on the more expensive end of your options.
This trim level will come with the v6 supercharged engine and seating for up to five people. It will typically cost you around $830/month for a 36-month lease with 12,000 miles per year.
Options That Will Affect Your Lease Price
Once you have decided what trim level and duration you want your lease to be, there are still some options that will affect the total price of your lease.
They won’t offer these options most of the time until you’re signing your lease and you’re 90% committed to the vehicle. These final additions will vary by the dealership and are not required for your lease to go through.
These options include but are not limited to maintenance plans/packages, gap insurance, paint protection, extended warranties, etc.
A maintenance plan will typically add $15-$30/month to your lease.
Gap insurance will typically add an extra $10-$15 a month in addition to the cost of your comprehensive insurance.
Paint protection will add about $8 to $15/month to the cost of your lease.
These are not required to get your lease but are usually worth the cost if they’re available. When deciding if these extras are worth it or not, you will want to compare your out-of-pocket expenses over the life of your lease to see if it’s worth it.
Charges When Turning Your Lease In
Once you turn your lease back in, you could have additional charges beyond your regular monthly lease payments.
Any excess wear and tear will be subtracted from the value you can expect to receive when turning in your vehicle. This may surprise some people, but this is common practice in the leasing industry. They have a benchmark for what a good condition vehicle should be at the end of a lease.
If you decide to take a penalty to turn it in early, it will typically be between $1000 and $2500. You also may incur charges if you go over your mile allowance.
It usually will cost you $0.20 to $0.60 for each mile you go over the allowance you set out at the beginning of your lease.
Are there any additional fees I should know about?
Some fees will add to your lease’s overall price, including sales tax, documentation, and registration fees.
The documentation fee will be a flat amount charge, usually between $400 and $600, depending on the value of your vehicle. This is an industry-standard fee that the dealership will add at the signing of your lease agreement.
The sales tax rate you pay for leasing a car is typically the same as you would pay for purchasing a vehicle. Sales tax will depend on the value of your car and your state/local tax rate.
This means that your monthly payments may not all go toward paying off the value of your car over time. Expect to pay anywhere from $1000 to $3000 for this.
This will be a flat fee that varies by the state and city you live in. It is calculated based on the value of your vehicle and typically starts at around $195 and goes up to $700.
You will not be held accountable for any additional fees not included in your lease agreement. That’s why it’s crucial to read the contract before signing carefully.
Cost Of Maintaining My Lease
Now that you have your lease, it’s time to think about any cost that could arise throughout your lease.
Leasing provides you with minimal out-of-pocket expenses for maintenance. Many cars will include some free maintenance package that will expand, part of, or your entire lease.
If you purchased a maintenance package, this will also keep the out-of-pocket expenses down.
Audi’s typically need an oil change every 10,000 miles. The price of an oil change will vary depending on your dealership and local area prices.
Your Audie Q5 oil change will cost anywhere from $120 to $150. This price will vary depending on the type of oil you get and where you have your vehicle serviced. This cost will be covered by a free maintenance plan, a paid maintenance plan, or out of pocket.
Depending on how much you drive, your tires may need replacing before your lease is up. Your Audi Q5 tires can cost anywhere from $140 to $280 per tire, depending on the type you choose.
A list of potential costs you may incur during your lease
Oil changes – $120 to $150
Tire replacements – $140 – $280
Wiper blades – $14 to $45 per wiper blade
Wiper Fluid – $5 to $20 per gallon
Air Filter – $30 to $65
Oil Filter – $9 to $17
Extra costs will make up an average of around $2,500 throughout your lease. You need to figure these additional costs into your budget when preparing for your lease. Knowing what is included in your lease is also essential, so you are not surprised.
Before signing your lease agreement, it is important to know all the terms and conditions. Leasing can be complicated, but it can be very beneficial if you know all the factors that come into play before you decide to lease.
When comparing your needs and wants, leasing an Audi Q5 may not be for everyone. If having a new car every three or so years interests you, leasing may be right for you. Just make sure to do some research, shop around, and calculate your monthly payments before signing the dotted line.