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Audi Q7 Lease Questions

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  • 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: 204
    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: 3,252
    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: 3,252
    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.

    Car_man
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  • rbirns1rbirns1 Posts: 204
    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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