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Audi Q7 Lease Questions

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  • ody02tjkody02tjk Posts: 66
    Sorry for the delay in responding, a long weekend of lacrosse games & tournaments.... The sales price on my Red Q7 3.6 Premium was $53318 (1% over invoice), + 2671 taxes (MD) and $229 tags/fees. I put down $3500, and lease pmt is $704. I maybe could have gotten a bigger discount, but I needed a car (my lexus was totalled) and they had the color and options I wanted, and it was month end. I do not knw if the residuals and money rates apply to the base modelss, but I would think so.
  • baxterdownbaxterdown Posts: 36
    Hi everyone,

    Could someone please look at these numbers? I’m looking to lease a Q7. Based on the June numbers above, here’s what I’m coming up with (assuming that I am able to negotiate invoice as selling price)

    3.6 Premium

    - Convenience
    - Infotainment
    - Technology
    - 3rd Row
    - 20” wheels
    - iPod integration
    - Second-Row comfort
    - Panorama

    MSRP 58,620
    Invoice 54,068
    MF 0.00019 (0.456%)
    Residual 52%

    PAYMENT $671.23 + 40.27 (6% tax) = $711.50

    4.2 Premium

    - 20” wheels
    - iPod integration

    MSRP 60,990
    Invoice 56,852

    MF .00050 (1.2%)
    Residual 47%

    PAYMENT $825.73 + $49.54 (6% tax) = 875.27

    If these are correct. Would I be better off waiting for the ’08? These numbers looking kinda bad to me…

    Also, would I have any sales tax advantage negotiating a trade in with the Audi dealer vs. leasing outright? I prefer clean deals and can always get rid of the other car on my own…

    Thanks in advance. You guys are always so helpful! ;)

    Jose
  • araskinaraskin Posts: 4
    Hi all,

    Does anyone have residuals/money factor, etc on a 3.6 Premium with 10K miles/year over 36 months?

    I want to check that the dealer isnt padding the repayments.

    Regards,
  • sb07sb07 Posts: 6
    Can anyone advise me on a Audi Q-7 Premium
    24-36 Month
    $2,500 Down
    Money Factor
    Monthly Payments
    Thank you
  • tke822tke822 Posts: 2
    What should I expect from my dealer regarding a lease on a pre-driven "factory executive car"? Do they offer any lease incentives? I am considering a Q7 3.6 Premium w/ s line. MSRP was $58,300. The vehicle has almost 8k miles on it and Edmunds is calculating invoice at $53,800. (It carries the Audi certified warranty) What is a fair selling price for this vehicle? (Dealer is asking 52k)
    Thanks!
  • hspderhspder Posts: 13
    For all intents and purposes, that's a used car. Don't pay a cent over $48k for it.
  • Also, keep in mind that those factory exec cars are driven pretty hard. The sales people pound on them and the customers that get them as loaner cars pound on them.

    I personally wouldn't touch that car for more than $47k and then only if it included the CPO warranty on top of the factory warranty.
  • fliptradefliptrade Posts: 3
    araskin - - did you ever find the residual percentage for 10k miles? I was wonder the same thing. Hopefully that residual moves up a little. Only thing on this website quotes 12k miles at 52%.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you're looking for, araskin. Through July 31st, Audi Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2007 Audi Q7 3.6 Premium with 10,000 miles per year are .00014 and 52%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sb07. I can give you an idea of what this truck's lease program is like right now and if you provide me with its MSRP and approximate selling price I would be happy to use it to estimate what your monthly payment should be for you. Through July 31st, Audi Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2007 Q7 3.6 Premium with 15,000 miles per year are .00014 and 57%, respectively. The numbers for an otherwise identical 36 month lease are .00014 and 49%.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tke822. The problem that I personally have with demo vehicles is that dealers never seem to be willing to provide enough of an additional discount on them for me to justify purchasing or leasing one over an otherwise identical brand new vehicle. I personally would want a selling price that at least $2,000, probably more, below what it would cost to purchase a brand new Q7 to convince me to go with a demo that has 8,000 miles on it.

    Car_man
    Host
    Prices Paid Forum
  • araskinaraskin Posts: 4
    Hi Fliptrade,

    No I never did. The funny thing was that when I went into the dealer to sign the lease they wrote up the lease as a 12K/year even though we negotiated it as a 10K. I did the right thing and pointed it out to the dealer but he said 'not to worry about it'. So I now have signed up my Q7 as a 12K/year... should give me plenty of breathing room. I have had my Q7 for about a week now and so far I couldnt be happier...
  • baxterdownbaxterdown Posts: 36
    Hi Car_Man,

    Thanks for the info on the Q7 lease numbers! If you happen to be around the Infiniti forum, I posted a question regarding IFS July numbers for the '08 QX56. I'd appreciate it if you could head over ther to get me those numbers. I'm hoping to make a decision this weekend and go lease either a Q7 or a QX56. :)

    Thanks!

    Jose

    P.S. To everyone else, PLEASE no comments bashing either car. This is the lease questions thread. :P
  • aephemeaepheme Posts: 48
    Wow... Audi has really low residual values across the board. Any idea why that is? Others (BMW and Infiniti) are in the 70% range for 24 months. Audi's at:

    57% for the Q7 (24 mos, 15k)
    54% for the A4 (24 mos, 12k)
    56% for the A3 (24 mos, 15k)

    I guess they have low Money Factors, but that usually isn't as significant a factor...

    What do you guys think? Is it just tough to lease an Audi? Or are this just due to the upcoming 2008 lineup?
  • Can someone look this over and tell me if it's a good deal? I'll be taking a test drive tomorrow afternoon, and will most likely get it. This seems like an incredible deal compared with what I was getting quoted last year.

    Audi 3.6 Premium. Silver w/ black interior. Panorama Sunroof, 3rd Row Seat, 19" wheels. The MSRP is $50,015 and because I am using the special finance and lease rates the selling price is $46,631 plus tax, license and dealer fees.

    On a 36 month lease at 12k miles per year with $1120 drive offs you have a payment of $641.39 plus tax. The residual value is 26007.86 and it does include the Audi Care scheduled maintenace program.
  • araskinaraskin Posts: 4
    YOu are right. I dont know if its the money factor, residuals or both but the repayments are so low compared to BMW and Merc Bens. I love my Q7 and I got such a good price for it compared to the other brands.
  • tsmacktsmack Posts: 1
    Orange Bang,

    You should double check with your dealer as I dont think your numbers are accurate. The residuals have changed on the 3.6P and the $4,000 Ad money is only good if you don't use Audi financial. You dont get both. I have been looking really hard and then the good residual on the 36 changed to 50 from 53.

    Let me know if I am wrong but i dont think i am. I have been dealing with audi MV in cali.
  • you might be right. I didn't include the bottom part of his email where he quotes me prices for an actual purchase.

    I probably won't be buying it today. I was originally going to this dealer near my inlaws, which is where my appointment is at, but I found out last night that they made a quick trip to vegas. ;)

    This will give me another week to think about it.

    I haven't had a car payment in 3 years. That's pretty much what is holding me back. :confuse:
  • I am looking at leasing the following:

    3.6 Premium
    Infotainment
    Tech
    20 inch wheels
    iPod
    Convenience

    MSRP: 52720
    Selling: 51500

    Sales Tax 6%

    I am looking at 27 months and 36 month (would do 39 if favorable).

    Would add the audicare on as well.

    Thanks...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi orangebang. The Q7 that you described probably has a spread of a little over $3,800 between its full MSRP and its dealer invoice price. The $3,384 discount that you are being given probably puts you at around $500 over dealer invoice, which is a very good price for a Q7 that is leased through Audi Financial Services right now. Just make sure that the dealer that you are working with uses Audi Financial Services' current buy rate lease money factor of .00014 to calculate your monthly payment and you're all set.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings jasonrhcastle. If you are in an area that has a decent level of competition, there is a decent chance that you will be able to negotiate a larger discount than $1,200 on the Q7 that you are interested in. I personally would shoot for $1,000 to $1,500 over invoice, which probably amounts to a discount of $2,800 to $3,300. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "Audi Q7: Prices Paid & Buying Experience".

    When you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using Audi Financial Services' current buy rate lease money factor of .00014.

    Car_man
    Host
    Prices Paid Forum
  • rctoonrctoon Posts: 2
    Hey Guy's I really Enjoy reading this forum. CarMan you are awsome! Can you please take a look at the numbers below and let me know what you think. I would be getting 2 of these Q7's for my company. Thanks

    MSRP $60865
    Invoice $56795
    Sale Price $56995

    36 Month Lease 10k per year milage.
    $2k down
    $760/mo plus tax = $823

    You pay $400 each for trucking.

    Q7 3.6 Mugello Blue
    - S-Line with 21"
    -Towing package
    -Panorama roof
    -Rear side airbags
    -6 seat configuration
    -4 zone climate control
    -Convenience package
    -Technology package
    -Infotainment package
  • rctoonrctoon Posts: 2
    Just got a quote on the same car above for 5k down out the door. 36 months 10k miles.
    700 per month including tax. Good deal?
  • 3.6 Premium in Quartz Grey
    Panorama Sunroof
    19" wheels
    3rd row
    Convenience Package

    MF .00014
    53% Residual

    36 month lease at 10K year for $650 per month (which includes tax).

    $1200 drive off + $675 deposit + $590 audicare.

    The guy even took off the charge for the premium color.

    It was a great deal, and I couldn't have been happier. I got the car I wanted with the options I wanted, at a very good price.
  • arm_janarm_jan Posts: 13
    Anyone knows July's money factor and residual for a 36 months 12k a year lease? Much appreciated.
  • money factor is .00014, regardless of 10K or 12K. that only affects the residual. i just got mine 2 days ago.
  • baxterdownbaxterdown Posts: 36
    Hey Car_Man,

    Thanks for all your help with MF and residuals! I ended up ordering an '08 Q7 as there were no 07's with the options I want. It is scheduled for delivery at the end of September or begining of October. So, I'm gonna request your help again with numbers in a couple of months ;)

    Thanks again!

    Jose
  • prionprion Posts: 1
    I appreciate you listing the MF and LEV%. My question is what if the dealer is unwilling to reduce the MF from 0.00054 to 0.00014? I have one dealer quoting a MF of 0.00094. Am I correct is stating that I am being taken to the bank?

    I have two quotes as below - which one should I take? Both are 3.6 Premium models with identical options. Should I walk away from both dealers?

    MSRP 55403 55403
    Discount 4107 2000
    Term 36/10000 36/10000
    Payment 671.54 680.00
    Amt Due 3526.34 6696.45
    MF 0.00054 0.00094
    LEV% 53% 46%
    LEV 29420 25122

    I'm new at this leasing thing, so I appreciate your help.
  • baxterdownbaxterdown Posts: 36
    Hi Prion,

    I am not a host, but have learned a fair amount from this forum. Your numbers don't add up. I ran them through a lease calculator (www.leaseguide.com/calc.htm) and for the $4,107 discount, (assuming you pay 6% sales tax), the payment should be $586.11 including tax. The payment on the $2,000 discount car comes out to be $775.61.

    So, in both cases, dealers are not giving you real numbers.

    Lease Guide (leaseguide.com) has all the information you need to learn how leasing works. I suggest you go an read it.

    But, in a few words, this is the skinny:

    - MSRP (is set by the manufacturer)
    - Miles, Term, MF and LEV (are set by the finance company)
    - Sales tax (is set by the government)

    All you have to negotiate is the price of the car and any money you want to put down to reduce your monthly payment (this is called the "cap cost reduction"). Once you have the price of the car negotiated, simply plug everything into the lease calculator mentioned above and your lease payment comes out. What you come up with should match your dealer's number or at least be very very close.

    I strongly suggest that you buy the Lease Guide package (20 bucks). Also, if you have a laptop with an internet card, take it to the dealer with you! That way you can run YOUR numbers parallel to the dealer's.

    Good luck!

    Jose

    P.S. Remember that cap cost reduction (money down) is money you would loose should your car ever get stolen or totaled. The consensus out there is to never give a down payment on a lease. Keep your cash!
  • Okay, so I am getting ready to order my Q7 tomorrow. Below are the options I want.

    I am looking at leasing the following:

    3.6 Premium
    Infotainment
    Tech
    20 inch wheels
    iPod
    Convenience

    MSRP: 52720


    Sales Tax 6%

    I am looking at 27 months and 36 month (would do 39 if favorable).

    Would add the audicare on as well.

    What are the specials (money incentives) on the remaining 07's currently? I know the MF is .00014. Residual on 27 and 36 months with AudiCare included?

    Thanks....
This discussion has been closed.