Audi is PRAYING that you BUY the Q3 instead of the X3
Audi Q3: The Perfect Entry-Level Luxury Compact SUV?
Are you in the market for a luxury compact SUV that won't break the bank? Look no further than the Audi Q3. This sleek and stylish vehicle offers a lot of bang for your buck, but is it the right choice for you? Let's dive into the details and find out.
The Audi Q3: A Brief Overview
The Audi Q3 got a much-needed redesign in 2019, and even though that feels like yesterday, it's been a solid five years. Despite the passage of time, the Q3 still feels fresh and modern. Here's what makes it stand out:
Perfect entry-level luxury compact SUV
Attractive price point
Not overly complicated
Looks more expensive than it is
One of the most appealing aspects of the Q3 is its price. Many models have MSRPs in the low 40s, which is quite competitive compared to rivals like the BMW X1 or Mercedes-Benz GLA that often push closer to $50k.
Sales and Inventory: How's the Q3 Performing?
Let's take a look at some numbers:
Q3 sales are up this year, but not dramatically
Audi has sold about 20,000 Q3s so far this year
Expected to reach 22,000-23,000 units by year-end
Outperforming BMW X1 (17,000 units) and Mercedes GLA (13,500 units)
Interestingly, Volvo XC40 leads the pack with 22,300 units sold
Inventory-wise, things are pretty even across the board. The Q3 sits comfortably in the middle with about 4,000-4,500 units available.
Pricing and Discounts: Getting the Best Deal
For this analysis, we're looking at a Quattro Premium Plus S Line Q3 with an MSRP of $45,240. Here's how you can get the best deal:
Target a 9% discount off MSRP
Aim for a selling price of $41,170
Take advantage of current incentives:
3.99% financing at 60 months OR
$1,500 credit if you don't take the promotional APR
$1,000 manufacturer-to-dealer incentive
If you use all available rebates and finance with a third party, you could bring your target price down to $38,670. Now that's starting to look attractive!
Leasing vs. Buying: What's the Best Option?
The lease program for the Q3 offers:
58% residual at 36 months and 12,000 miles per year
A high money factor of .00306
$2,500 in rebates available for lease customers
Plugging all this into a lease calculator, assuming a 9% discount off MSRP and paying inception fees upfront, you're looking at about $543 per month (not including tax).
The Verdict: Buy or Lease?
Here's my honest opinion: Buy it. The lease program's high money factor makes the monthly payments higher than they should be. By buying, you'll save on the acquisition fee, disposition fee, and interest on the lease. If you're worried about reliability, consider putting that saved money towards an extended warranty.
Conclusion
The Audi Q3 is a solid choice for anyone looking to enter the luxury compact SUV market. It offers a great balance of style, features, and value. While the lease options might not be as attractive as we'd hope, buying could be a smart move if you're in it for the long haul.
Remember, the car-buying process can be complex, but armed with this information, you're well-equipped to make an informed decision. Happy car shopping!
Did you find this information helpful? Don't forget to check out the original video for even more insights and details about the Audi Q3!
