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Audi Q7 Lease Questions

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  • gt97gt97 Posts: 5
    The sales rep told me the money factor was .00015, which was a big drop from earlier this year. If you use that money factor, then it gets you to right around $725 per month, taxes included). I double-checked and it looks like those are the current money factors in place for Audi Financial. I have worked with this sales rep before and he has never done a bait and switch or anything shady. Thanks for your feedback.
  • trabd123trabd123 Posts: 37
    I will verify the money factor again from the dealer and let you know. If it's 0.00015, then, my dealer is mistaken when he said that Audi Q7 doesn't have a good money factor in May.
  • gt97gt97 Posts: 5
    I just saw that there is an Audi Conquest rebate program for the Q7 3.6 for $1,000 this month. As you can see in my previous post, the dealer is already including $1,500 rebate of Audi Loyalty cash since we own an A6.

    The car we are replacing is a BMW X5, so will Audi let us combine the Loyalty and the Conquest rebates for a total of $2,500?
  • danf1222danf1222 Posts: 11
    Car_Man, do you know what the current MF, Residual (12K/yr) for the Q7 3.0 and 3.6 for a 3 year lease. Is a 48 month lease available, and if so is it worth it to lease for 4 years. Is the $1,000 conquest still available for new customers.

    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, trabd123. You are much better off keeping the bank that you are leasing through in the dark about your car's mileage when attempting to negotiate your vehicle's end of term purchase price.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gt97. You can give it a shot, but unfortunately I do not believe that the loyalty and conquest cash promotions are compatible.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi danf1222. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 3.0 Premium with 15,000 miles per year are .00143 and 47%, respectively.

    The numbers for an otherwise identical lease of a 2009 Q7 3.6 Premium are .00015 and 42%.

    Audi is not currently providing support on 48 month leases, so you definitely do not want to lease either of these trucks for that long.

    Yes, the $1,000 conquest cash is still available on leases of both of these trucks.

    Car_man
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  • eetjweetjw Posts: 2
    Went to Pacific Audi today and tried to lease a Q7 Premium plus on a 33 month basis with: Panoramic roof, 20 inch wheels, hot weather package. Went back and forth and he finally asked me what it would take to make me want to close the deal.

    Originally, his best offer was $6000 first payment and 690 plus tax on monthly, then I told him $4000 first payment and 690 plus tax and then I remembered that Audi should pick up the first payment so I told him $3300 first payment and then $690 plus tax on monthly.

    He asked me for my information and did a credit check without letting me know if his manager had approved the numbers and then came back to me and told me that although my credit score was very high, but there isn't a lot, (I'm not sure what that means) so my lease may not get approved. I told him to send it through anyway and he mentioned that he will have an answer to me by tomorrow afternoon.

    Is this the normal procedure or is this some trick? And how is the deal? i asked him for residual value and money factor but he says that it would make more sense to work it back because working it the regular way may not come up with the down and monthly requirement that I want.

    Thanks for any help
  • jayriderjayrider Posts: 3,263
    Sounds like their working you. You should price the car with zero down then compute the sales tax after you get the money factor, residual and actual cost. Audi is advertising no payments at signing. What is the deal with 4k down. You can put down extra security deposits to lower your payments and get that back at lease end.
  • shapiro23shapiro23 Posts: 2
    First Post. Great Forum. Helped me a lot on my new Q7. Here is the Deal I just got.

    2009 Q7Premier Plus
    20” Wheels
    Sunroof
    MSRP: $54.5K
    Loyalty: $1,500
    Sale Price: 52.9K (Before Loyalty)
    Tax: $0.00 (Dealer Said they had Tax Credits they could use against)
    Residual: 45% (Originally 42% but add 1 Point for Maintenance, 2 for 10K miles)
    Money Factor: .00015
    Down Payment: $143.00 (Title and License fee)
    Audi Paid: 1st Month
    Dealer Paid: Remaining 2 months remaining on our RX350 Lease ($1197.24)

    My lease payments are $754.20 for 36months and 10k miles per year.

    I think I got a good deal, according to this forum. Love The Car. Would love to hear your thoughts. (Greater Chicago Area)
  • Car_man, would you please post the latest MF and Residual for 2009 Q7 Premium 3.6 10k/year 36-month lease? Thanks in advance.

    Also, it sounds like the residual value of the same car has dropped 7-10% from early 2008 with similar MF. I am wondering what Audi's strategy is. Do you see their lease program fully compensated by no payment drive-off and special lease supports? Or the car's residual value has really fallen off the cliff to low/mid 40s while the X5 is staying on the high 50s?
  • rbirns1rbirns1 Posts: 217
    My Q7 was rear ended. Small dent near the license plate. The other driver agreed to pay. I got 2 written estimates ($800 and $850), and the guy sent me a check for the higher. My lease is up in Sept. Should I have the repair now, or just turn the car in with the dent? I guess the question is, do you think Audi Financial will charge me more than $850 for the damage?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome shapiro23. I'm glad that you found this forum so helpful. Thanks for taking the time to give back and share the details of your recent lease with everyone. As you know, real world examples like this are always helpful for people who are in the market for similar vehicles.

    If you haven't already, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well.

    Enjoy your new ride :shades: !

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello fastandfaster. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 3.6 Premium with 10,000 miles per year are .00057 and 45%, respectively.

    Over the past several years manufacturers have been consistently overestimating vehicles' residual values. The chinks in the armor started to show when gas prices exploded last summer and the value of used SUVs fell off of a cliff. The low resale value disease spread to cars as the economy worsened. Now the vehicles that are coming back off lease are worth much less than banks were estimating that they would be worth several years ago, causing them to take millions of dollars in losses. As a result, most banks have become much more conservative in estimating vehicles' residual values for leases.

    It's not fair to compare any bank's residual values to BMW's. BMW Financial Services consistently, intentionally overestimates vehicles' residuals as a form of lease support to help its parent company sell more vehicles. Its residuals are not realistic.

    Car_man
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  • marcel4marcel4 Posts: 2
    What is the residual value on a new 2009 Q7 36 month lease with 12000 miles per year.

    Tks.
  • dmk42dmk42 Posts: 1
    I am able to get a Q7, premium package, 36 months, 12K miles per month, taxs due at signing (approx. $3800) - for $766/month. This is through a sales and leasing company and not through the audi dealership (although all warranties still apply) Is this a good value?
  • so i am getting a premium plus with panormaic sun roof with zero drive off, 10k miles for $700, 12k miles for $720. i was sooooo shocked at this price... my first questions to them what like, dude did you steal these cars or what???

    firstly, i don't think that i need confirmation from anyone that this is a cherry of a deal... but more importantly, is it something that i should consider since it is not from a dealership but from a lease broker... i mean, who knows what the reputation is of those guys and if i will get riped off or not... i mean, what about the vehicle warranty/condition/etc...

    any advice???

    p.s. the company is www.mandvleasing.com
  • jayriderjayrider Posts: 3,263
    Please post your experience with them after you get the car home -- all fees paid.
    The rate seems good -- no reason to expect problems. They advertise cars heavily on swapalease.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi marcel4. Here's the lease program info that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Q7 3.6 with 12,000 miles per year are .00057 and 42%, respectively.

    Audi is currently providing a $350 cash incentive on leases of this truck through AFS. It isn't much, but you might as well make sure to take it into account when negotiating your Q7's capitalized cost.

    Car_man
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  • jayriderjayrider Posts: 3,263
    You can always tell when a car company wants to move a particular vehicle. They put a price incentive to lure buyers -- just like audi did on the Q7. Better get there early or they will all be gone.
  • n4roninn4ronin Posts: 14
    has anyone used overstock com pricing? it seems to be pricing lower then invoice on different q7 configurations
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dmk42. I would be happy to give you my opinion on this deal if you provide me with the truck's full MSRP and approximate selling price.

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  • rbirns1rbirns1 Posts: 217
    Any difference for 3.6 Premium? What about 10K miles?
  • September Lease numbers and CASHCarman or anyone:

    Do you know the MF and residual on a 3.6 or 4.2 for 36 months and 15k per year?

    I have an audi now. Is there loyalty cash? non-loyalty cash?

    Please advise soon.

    Thanks
  • tlecotleco Posts: 34
    WOW The Audi lease is getting higher
    I leased my Q7 Premium last year for $630 A month NO $$ down 15K a year including Audi care.
    The deal was too good to pass up. I own and leased more than 30 Mercdes and BMW before and would never considered Audi until they have that promotion. The money factor was .00006.
    The lady next door has the only Q7 in the negiborhood..Now we have 10 Black Q7 at my daughter school.
  • Rbirns1, Audi Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 3.6 Premium with 10,000 miles per year are .00108 and 49%, respectively.

    Car_man
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  • Hello dpeck1. AFS' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 3.6 Premium with 15,000 miles per year are .00108 and 46%, respectively. The numbers for an otherwise identical lease of an '09 Q7 4.2 are .00171 and 43%.

    Audi is currently providing $1,500 owner loyalty cash on leases of the '09 Q7 3.2 and $2,500 on leases of the 4.2. It also has $4,000 dealer cash on these trucks, but it is not compatible with the lease program.

    Car_man
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  • Hi Car Man

    What are the MF and Residual for a 2010 Q7 3.6 and TDI ?

    How much profit does an Audi dealer have in a car? (in percentage) - I don't believe they buy at invoice, but they can sure sell at invoice or less.

    Thank you
  • Any tips on returning a Q7 off a 3 yr lease?

    Should you use an independent firm to inspect it or just trust local dealer to arrange inspection??

    Should I have scratches fixed, detail the interior and exterior, etc....

    Do they hit you with a smoker fee? cigars

    Anyone know of any surprise charges to expect ?

    My new dealer is saying just give it a quick $8 car wash and do not sweat it .

    Thanks !!
  • Ouch, my 2007 Audi Q7 Premium comes off lease early next year so looking to lease a new car. With market in such poor state, surprised AFS' current rates are so high now. I got my Q7 with .00009 and 56% residual (10K miles). A new Q7 will cost me much more now even if I add in the incentives that they are offering.
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