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2016 Audi Q5 (Audi)
2016 Audi Q5 (Audi)

Deals of the Week

The best deals on Luxury SUVs for less than $600 a month Add to ...

With gas prices hitting an eight-year low earlier in 2016, the SUV and crossover segment is expected to continue on an upward trend with unit sales up by nearly 20 per cent year to date. This pace of growth is outstripping all other vehicle segments including passenger cars, pickup trucks, and minivans.

Smaller SUVs have seen a dramatic rise in popularity in recent years as they combine the fuel economy and driving ease of a car with the versatility of a truck. In particular, growth within the SUV segment was driven in part by a 29 per cent increase in sales of small luxury SUVs in 2015.

Attractive incentives and lease options have allowed luxury auto makers to make more entry-level models accessible to mainstream consumers. We’ve highlighted some of our favourite deals for small luxury SUVs that are available for lease for less than $600 per month below.

For consumers, leasing a new vehicle has many benefits including typically lower monthly payments as compared to financing and the ability to return the vehicle at the end of the lease term without worrying about negative equity (i.e., owing more on your car loan than the value of the vehicle). For auto makers, leasing tends to shorten the vehicle replacement cycle and brings consumers back into the showroom for an upgrade sooner.

If you are shopping for a new ride other than a luxury SUV, be sure to check out the rest of our featured deals for the month of May:

Acura

2016 Acura RDX

The recently face lifted 2016 RDX features Jewel Eye LED headlights and LED tail lights along with a 3.5L V-6 engine that produces 279 horsepower. Cash purchasers can take advantage of a $3,000 after-tax incentive on the 2016 RDX (compared to $1,000 in April), while finance and lease customers are entitled to a $500 after-tax rebate. Financing for 60 months and leasing for 48 months are available at 2.9 per cent.

2016 Acura RDX 4WD

  • MSRP: $41,990
  • Manufacturer incentive: $3,000 (after-tax)
  • Estimated dealer discount: $1,750
  • Freight, PDI, government fees: $2,185
  • Cash purchase price before tax: $39,425
  • Finance for 60 months at 2.9 per cent for $850 per month including tax (includes a $500 incentive applied after tax and assumes zero down payment)
  • Lease for 48 months at 2.9 per cent for $597 per month including tax (includes a $500 incentive applied after tax, assumes a 20,000 annual kilometre allowance and zero down payment)

Audi

2016 Audi Q5

With the re-designed 2017 Q5 scheduled to make its way onto showroom floors later this year, consumers willing to settle for a 2016 model will be eligible for big savings while still enjoying Audi’s legendary Quattro all-wheel drive and 220 horsepower from a turbocharged 2.0L engine. Cash purchase, finance, and lease customers can take advantage of a $2,000 manufacturer incentive on the 2016 Q5. Financing for up to 60 months and leasing for up to 48 months are both available at 2.9 per cent (compared to 3.4 per cent in April for lease).

2016 Audi Q5 2.0 TFSI Quattro Komfort Tiptronic

  • MSRP: $42,600
  • Manufacturer incentive: $2,000
  • Estimated dealer discount: $1,000
  • Freight, PDI, government fees: $2,235
  • Cash purchase price before tax: $41,835
  • Finance for 60 months at 2.9 per cent for $847 per month (includes a $2,000 manufacturer incentive applied before tax and assumes zero down payment)
  • Lease for 48 months at 2.9 per cent for $566 per month including tax (includes a $2,000 manufacturer incentive applied after tax, assumes a 20,000 annual kilometre allowance and zero down payment)

Volvo

2016 Volvo XC60

The Volvo XC60 comes well equipped with standard features including navigation, SiriusXM Satellite Radio, HD Radio, Bluetooth with audio streaming, 18” alloy wheels, paddle shifters, and a 2.0L inline-four engine that produces 240 horsepower. Cash purchasers can take advantage of a $4,000 manufacturer incentive on the 2016 XC60 (compared to $2,750 in April), while finance and lease customers can benefit from a $500 rebate. Financing for up to 60 months is available at 2.9 per cent and leasing for 48 months is available at 0.9 per cent (compared to 1.9 per cent in March).

2016 Volvo XC60 T5 Drive-E 2WD

  • MSRP: $42,000
  • Manufacturer incentive: $4,000
  • Estimated dealer discount: $1,400
  • Freight, PDI, government fees: $1,955
  • Cash purchase price before tax: $38,555
  • Finance for 60 months at 2.9 per cent for $852 per month including tax (includes a $500 manufacturer incentive applied before tax and assumes zero down payment)
  • Lease for 48 months at 0.9 per cent for $599 per month including tax (includes a $500 manufacturer incentive applied before tax, assumes a 20,000 annual kilometre allowance and zero down payment)

Lexus

2016 Lexus NX

The aggressively styled 2016 NX features Lexus’ first-ever 4-cylinder turbo engine outputting 235 horsepower. Cash purchase, finance, and lease customers can take advantage of a $1,000 after-tax incentive on the 2016 Lexus NX. Financing and leasing for 60 months are both available at 4.5 per cent.

2016 Lexus NX 200t

  • MSRP: $42,150
  • Manufacturer incentive: $1,000 (after-tax)
  • Estimated dealer discount: $1,750
  • Freight, PDI, government fees: $2,185
  • Cash purchase price before tax: $41,585
  • Finance for 60 months at 4.5 per cent for $878 per month including tax (includes a $1,000 manufacturer incentive applied after tax and assumes zero down payment)
  • Lease for 60 months at 4.5 per cent for $590 per month including tax (includes a $1,000 manufacturer incentive applied after tax, assumes a 20,000 annual kilometre allowance and zero down payment)

Andrew Tai is CEO of Unhaggle

Pricing and calculations are based on Ontario customers and subject to availability of inventory. Please note that while the information above is accurate at the time of publication, pricing, incentives, and discounts may vary and are subject to change or discontinuation at any time. Dealer discounts are estimates and may be given at the discretion of individual dealers. Consult your local dealership for details.

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