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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: 38,518
    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
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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
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  • 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: 38,518
    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
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