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Audi Q7 Lease Questions

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Comments

  • Charles,

    I do not represent Edmunds but I can say that the m.f. and residual for a Q7 3.6 Premium is .00033 and 50% based on 36 months/12k. I believe there is a loyalty rebate/discount from Audi. Price over invoice will depend on how the Q7 is selling in your area. I just ordered a Q7 4.2 Premium with some of the option packages and was able to negotiate $600 over invoice with the m.f. at .00085. The m.f. is the base rate for a 4.2 Premium.

    Regards,
    NHman
  • I am looking strongly at a 3.6 Premium with the following options:

    Towing Package
    > Panorama Sunroof
    > Luxury 6 Seater Configuration
    > 4 Zone Climate Control
    > DVD Navigation
    > Convenience Package
    > 20" Alloy Wheels
    > MSRP: $59,325
    > Invoice: $56,164
    > Purchase Price: $56,664 ($500 over invoice)

    With a 36 month lease it comes to $1,501.76 drive off fees (including first payment, acquisition fee and a few other small fees) and $867.07 per month plus tax. Audi money factor is .00075.

    What you everyone’s thoughts?
  • Car Man,

    You mentioned in a post " I see that you are on the West coast. You're in luck, Audi is currently providing $1,500 "due at signing assistance" on the '08 Q7 in its Western region. You should be able to use this incentive essentially as a down payment to reduce the capitalized cost of the Q7 that you want to lease."

    I am in Dallas but looking at Q7 in So Cal since it has the configuration that I want. I am working with the dealer there and would have the car shipped. Would this still hold true and it is still available?

    Thanks.
  • beopersonbeoperson Posts: 54
    Does anyone know if March numbers are different from February for Q7?
  • beopersonbeoperson Posts: 54
    Dealer quoted me 3.6 Q7 Premium with Conv, Nav, Panorama, 19" wheels

    MF .000060 and Residual 48% (36 month 10K)
    Are these March numbers?
  • loggieloggie Posts: 31
    your residual should be 53% at 10k, 54% at 10k with audicare
    this will drive down your monthly price compared to 48%
    MF appears to be correct

    from http://forums.audiworld.com/q7/msgs/23281.phtml

    Audi Financial Services (AFS) Lease Programs - Effective 3/2008

    This AFS lease data is provided by dealer partners of LeaseCompare.com and are for reference only. Rates may vary by region. Your dealer has the option of offering you a higher rate.

    Special bank lease programs for these models are available through AudiWorld Forum Sponsor LeaseCompare.com. Click on the vehicle name for more information and to see payments details.

    2008 Audi Q7 3.6 Base
    24 Month - Residual 58% of MSRP - .00006 Base Rate
    36 Month - Residual 50% of MSRP - .00006 Base Rate
    48 Month - Residual 39% of MSRP - .00294 Base Rate

    2008 Audi Q7 3.6 Premium
    24 Month - Residual 57% of MSRP - .00006 Base Rate
    36 Month - Residual 49% of MSRP - .00006 Base Rate
    48 Month - Residual 38% of MSRP - .00294 Base Rate

    2008 Audi Q7 4.2 Premium
    24 Month - Residual 55% of MSRP - .00044 Base Rate
    36 Month - Residual 47% of MSRP - .00044 Base Rate
    48 Month - Residual 38% of MSRP - .00294 Base Rate

    Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

    you might want to also check out :
    http://forums.audiworld.com/q7/msgs/23728.phtml
    concerning a mailer with "Additional incentives for Q7 in East (NY)"
  • loggieloggie Posts: 31
    carman, what can you tell us about these incentives ?
    who qualifies ?
    ending date ?
    what can applied for leases ?
    what can be combined in a lease ?
    loyalty + conquest + elite ?

    as listed at :
    http://www.forbesautos.com/options/2008/audi/q7/3_6_premium/

    $-1,500
    Audi "Due at Signing" Assistance Program Purchase - Western - 02/01/08

    $-1,000
    Audi 2008 AFS Conquest Bonus Cash Program (Premier Purchase) - National - 02/12/08

    $-1,000
    Audi 2008 AFS Loyalty Bonus Cash Program (Premier Purchase) - National - 02/12/08

    $-1,000
    Audi 2008 AFS Conquest Bonus Cash Program (APR) - National - 02/12/08

    $-1,000
    Audi 2008 AFS Loyalty Bonus Cash Program (APR) - National - 02/12/08

    $-2,000
    Audi 2008 Elite Purchase Bonus Program - CT, FL, NJ, NY, MA - 03/04/08
  • beopersonbeoperson Posts: 54
    There has to be a some kind of program going on on the East Coast.
    I have started getting quotes close to $1000 below invoice!
  • beopersonbeoperson Posts: 54
    Just found out from dealer:
    There is currently $2000 Customer Cash/Rebate program.
    At least in the Tri-State Area
  • loggieloggie Posts: 31
    are you still dealing with riverside audi ?
    are any other dealers matching them ?
  • beopersonbeoperson Posts: 54
    Yes,
    Jack Daniels and Paul Miller match them
  • towsonnctowsonnc Posts: 8
    any other details on the $2000 incentive... im being told $1000 by a dealer in south jersey. thanks in advance.
  • loggieloggie Posts: 31
    are you being told that you can apply the $2000 towards a lease and still get the march money factor of .00006 ?

    jack daniels has the largest inventory, about 80 Q7s,
    I would think they are quite motivated to reduce their inventory.
  • camy2079camy2079 Posts: 8
    .00006.... what the heck. I just signed on Feb 28th and the MF was .00033. It looks like the difference for me would be right at $20. I guess I should have picked up on this earlier, does anyone think I could call AFS and get the lower MF? I have not gotten my first invoice yet....

    Take care,
    Charles
  • beopersonbeoperson Posts: 54
    No I'm wrong - there is no incentive of $2000, Not in March anyway. I guess It's just they way present their discount on paper.
    I'm at $1200 below invoice on 3.6 Premium. Not sure if I should pull the trigger.
    I will still have about month on my old lease.
    But I realize that in April numbers may change.
  • loggieloggie Posts: 31
    I would wait it out till the very end.
    whatever works best for you.
    gas prices are rising, Q7 inventories are rising,
    not much good news on wall street,
    so any deal you have in-hand today,
    will most likely be available in april.

    have your salesman shoot me an email,
    just add aol.com to my screen name,
    I am ready to buy before the end of the month,
    maybe you can get something for the referral.

    good luck
  • antgonzantgonz Posts: 3
    Have an offer on an 08 3.6 Premium with Panoramic roof.

    MSRP 50,975
    Neg. Price: 47,795
    MF .00006
    1K down and 1K from Audi of America
    no security deposit
    $1225 in costs including Audi care
    52% residual
    36mo. 12k year
    654 per month including 7% tax

    Please let me know what you think.
  • mssurreymssurrey Posts: 48
    Thanks to all on Edmunds for your feedback. As I (think I) got a great deal, I want to share what happened with me this evening (only a couple of hours ago).

    Antgonz and others - you can get much more off the MSRP.
    I was invited into the Sales Manager's office directly today (forget about the salesman!) and offered coffee, mince pies etc!!!
    OK, he asks, what do I want?. I was thinking $1500 below invoice (invoice = $53,377). The monthly figure came to $669. I said I was looking for (random thoughts at this time!) a monthly figure of $650. So he starts putting in figures into his lease worksheet on his computer in front of me.
    First $52000, then $51,500, then $50,800 at which point the monthly lease hit $650.01). That was it. I put a deposit down there and then.
    Wow, never had a sales manager call me into his office and simply generate a figure to meet my 'target'.
    After this, I had a long chat with the manager for about half an hour - a really nice guy! If you want a Q7 NOW, he has 3 or 4 left and wants (NEEDS) to hit his quarter target befoe MONDAY 31st.

    CARMAN:-
    This is what i've just been offered.........
    Now, my only issue is whether to go with a 27 or a 36 month lease ????
    Please, please, please let me know before Saturday as I have to sign the lease for the car at that time....Much appreciated.

    MSRP $56,825 plus Audicare = $57475 (3.6 Premium with 20in wheels, dvd nav, sunroof, convenience pack, and cold weather pack).
    0 down other than Fees = $823.30 (acq fees, plate transfer, doc fees) plus first month upfront (see below).
    12K miles p.a.

    Adjusted Cap Cost = $50,800 inc Audicare (over $6,500 OFF the MSRP !!!!!!!!!!!!!!!!!!!!!!!)

    Residual = 52% (36m) or 58% (27m)
    MF = 0.00006
    Lease term = 36 or 27 months
    Payments Inc tax = $650 (36m) or 731.33 (27m)

    What's the better deal?

    Thanks once again to all at Edmunds !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, chrism124. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Q7 3.6 Premium with 10,000 miles per year are an amazingly low .00006 and 52%, respectively. The numbers for an otherwise identical lease of an '08 Q7 4.2 Premium are .00044 and 50%. I have not seen AFS' 42 month money factors for these models. Audi is not providing any cash incentives on the Q7 in the Northeast right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello awedio. Audi Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 Audi Q7 3.6 non-Premium with 15,000 miles per year are .00006 and 58%, respectively. The numbers for an otherwise identical lease of an '08 Q7 4.2 are .00044 and 55%. The 36 month numbers for the 4.2 are .00044 and 47%.

    The $1,500 die at signing assistance is still available on the '08 Q7, but it is a regional program that is only available in the Western U.S.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.