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Audi A7 Lease Questions

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  • Thanks again Car_man!
    That extra 3% in residual of the S7 over the A7 will make the decision all the more difficult.
  • You're welcome again alexgr :).

    Car_man
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  • Car_Man

    I received this information at dealer for A7. I think it's high, can you provide feedback

    A7 Prestige 15k miles, 36 mth
    MSRP $68,745
    Sell price$67,245
    Residual 52%
    Rate 2.6 (I think something is off here. Shouldn't I be seeing .00xyz. When questioned he told me it was .00266 or about 6.3% and they said that rates assume a+ credit)

    Acq. fee - $695
    Doc Fee $489
    taxes - $181.13
    Maintenance upgrade (optional) $820 (covers preventative maint)

    Monthly payment $1,250
  • Hi rsingleton. Your intuition was correct, a money factor of .00266 is way too high. Audi Financial Services' current buy rate for a 36-month lease of a 2013 A7 Prestige with 15,000 miles per year is only .00141 for consumers who qualify for its top credit tier.

    Surprisingly though the acquisition fee that you were quoted is not being marked up. $695 is correct.

    Also, while I am not intimately familiar with what the market is like for this car right now, I personally would want a larger discount than $1,500 if I was in the market for one.

    Car_man
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  • I am thinking of leasing an Audi A7 Prestige. What are the current (November 2012) money factor rates (assuming top credit tiers) and residuals with a 10,000 mile a year lease ( or whatever is the lowest amount of miles a year) for 36, 42 or 48 month lease? Also, what are any Holiday incentives if you purchase before 1/1/2013?

    Thanks. I really appreciate it.

    Graycar1
  • Hi Car_man ,

    To start off, im 23 years old, with horrible credit, and understand a lease in this situation is not smart to 99.9% of the world. BUT, thats why everyone is different, and am choosing to make personal decisions. I do not qualify for the top tier credit, and will be putting down $13k on a lease. (once again, I understand the feelings from everyone on how stupid it is). I was looking for a 36 month lease, 15k miles a year. What is the money factor/residual I will be looking at?
  • First of all, I really want to thank you guys for the help you have provided over the years with buying and leasing several cars. I am now looking to lease a fully loaded 2013 S7 with MSRP of around 95k in Southern California. I hope to close before the end of the year to take advcantage of the deals and incentives.

    Lease Details: 15k/year, 42 months

    Can you please provide the moneyfactor and residual?

    Thank you again for your help.
  • Hello Graycar1. Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 A7 Prestige with 10,000 miles per year are .00141 and 54% for consumers who qualify for its top credit tier.

    The numbers for otherwise identical 42- and 48-month leases are .00161 / 50% and .00184 / 47%.

    The only cash incentive that I am aware of on this car right now is $1,500 owner loyalty cash.

    Car_man
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  • Hi j1j3b7. I realize that you already mentioned this, but it bears repeating that it's definitely a bad idea to make such a large down payment on a lease and you would be much better off getting a less expensive vehicle until you get your credit issues resolved.

    Having said that, it is difficult for me to say what sort of money factor you would be looking at without knowing what your credit score is like. Audi Financial Services' buy rate lease money factor for a lease of a 2013 A7 is .00141 for consumers who qualify for its top aka "A" credit tier. The last time I checked (and it's likely still the same, but I cannot guarantee it) its rates for higher tiers were as follows: Lease Rates above reflect A Tiers up to 42 months. B Tier = A Tier + .0004, C Tier = A Tier +.00065, D Tier = A Tier + .00075.

    If your credit is in really bad shape, it is possible that you would not qualify for the "D" tier and could not lease through AFS. Again, it's difficult for me to say for certain without knowing more specifics.

    Car_man
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  • Wow, nice car archie2010. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 42-month lease of a 2013 S7 with 15,000 miles per year are .00141 and 54% for consumers who qualify for its top credit tier.

    Car_man
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  • Wow Car_Man is that right? The S7 has the same residual and money factor for 42 months as it has for 36 months (assuming nothing changed since the Nov rates)? That could make for an attractive lease. Could you confirm?
  • There were no discussions for the S7 so I have posted here.

    What should I expect on the lease of a new 2013 S7 with 15K/year for 24 months?
    1. Discount from MSRP
    2. Residual
    3. Money Factor
    4. Acquisition Fee
    5. Any other information you would deem important

    Thank you
  • Hi Car_Man

    Can you provide the money factor and residuals for a 24 month lease of a 2013 S7 with 15,000/year?

    Thank you
  • Good catch, alexgr. I'm so used to providing consumers the 36-month numbers that I posted that residual by mistake. Sorry about the confusion. The 42-month residual value is 50%.

    Car_man
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  • Greetings sevenaway. Audi Financial Services' December buy rate lease money factor and residual value for a 24-month lease of a 2013 S7 with 15,000 miles per year are .00141 and 61% for consumers who qualify for its top credit tier.

    AFS' base acquisition fee is $695.

    I am not intimately familiar with what the S7 is like right now, but I can run some payments on the exact one that you are interested in for you if you provide me with its MSRP and dealer invoice price. You can find that data over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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  • Hi sevenaway. Please see my previous post for the information that you're looking for. Thanks and Happy Holidays!

    Car_man
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  • bbaimbbaim Posts: 8
    Hello Car_man,

    What about the same car but (2013 A7 Prestige, 36 mos lease) but with 15,000 miles per year? How does this affect the money factor and residuals? And the 42/48 mo if possible.
  • I am wondering if my current deal is good and would like to know current money factor and residual for Audi a7 premium plus. Thanks.

    My deal
    MSrp: $68,770
    Residual: 37,782 or 54.9% of msrp

    Bank fee plates, first month: $2k at signing
    Monthly: $970 a month for 36 month 12k miles.
  • janeh8janeh8 Posts: 5
    edited January 2013
    Getting ready to negotiate lease on 2013 A7 premium plus. MSRP $68,320. Can you please provide updated January money factor and residual numbers for A+ credit? 36 months, 12,000 miles per year. Thanks!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited January 2013
    Hi bbaim. The money factors for all mileage allowances are the same. Audi Financial Services' residual values for leases with 15,000 miles per year are 3% lower than its 10,000 mile per year residuals.

    Through January 7th, AFS' buy rate lease money factor and residual value for a 42-month lease of a 2013 A7 Prestige with 15,000 miles per year are .00161 and 47%.

    The numbers for an otherwise identical 48-month lease are .00182 and 44%.

    Car_man
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  • Hi timok71. Through January 7th, Audi Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2013 A7 Premium Plus with 12,000 miles per year are .00141 and 55% for consumers who qualify for its top credit tier.

    Car_man
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  • Hi janeh8. Audi isn't scheduled to introduce its new January lease program until next week. Through January 7th, Audi Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2013 A7 Premium Plus with 12,000 miles per year are .00141 and 55% for consumers who qualify for its top credit tier.

    Car_man
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  • janeh8janeh8 Posts: 5
    Hi all...especially Car_man-

    Any advance intel on Audi financial lease #s after Season of Audi expires today? Wasn't able to secure the exact car i wanted...probably will have one in roughly two weeks...any big changes on the horizon?
  • Hey janeh8. Audi Financial Services' new buy rate lease money factor and residual value for a 36-month lease of a 2013 A7 Premium Plus with 12,000 miles per year are .00130 and 55% for consumers who qualify for its top credit tier.

    Car_man
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  • janeh8janeh8 Posts: 5
    Thanks as always Car_Man. Your knowledge is so helpful to us all!!

    Assume money factor the same for 42 month lease, but do you know the new residual? Still 2013 A7 Premium Plus.

    Also, what are the chances of getting the dealer to include some of the Season of Audi incentives such as waiving security deposit and first months payment?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited January 2013
    Hey janeh8. The money factor for a 42-month lease actually is not the same, it's slightly higher at .00150. The residual value for a 42-month, 12k lease is 51%.

    Audi's offer of waiving the first month's payment is over, but I believe that they are still waiving the security deposit requirement on leases. There is $1,500 owner loyalty cash still available on the A7.

    Car_man
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  • Can anyone share some information on a fair price that I can expect to pay for Audi A7 Premium Plus? I am in Vegas and there are a couple of 2012 models left over, there are certified 2012 cars for mid $50k but with 10 k miles, I like the certified warranty but a new car appeals.

    Thanks in advance.
  • janeh8janeh8 Posts: 5
    Thanks again!
  • Car_Man

    Can you tell me the Residual Value and Money Factor for 2013 S7?

    Also, whats the chances a dealer will lease this car at invoice?
  • No problem janeh8.

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This discussion has been closed.