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Audi Q7 Lease Questions

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  • Hi wantanewride. Audi Financial Services' February buy rate lease money factor and residual value for a 36 month lease of a 2010 Q7 3.6 Premium with 15,000 miles per year are .00175 and 49%, respectively.

    15,000 miles per year is the highest mileage allowance that AFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
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  • Car_man

    If i walk into an Audi dealership tomorrow and I tell them I want .00175 and 49% for 15,000 miles how do I justify it? I'm looking at a 2010 Q7 TDI though. I saw 45% and .0027x I think. I like your numbers but I'm not sure what I'd be justifying it with when I go in.

    Thanks!
    Dan
  • My Audi Q7 has 27k miles and residual value is $28,500. I spoke with Audi customer service and I was told to pay the residual value of the vehicle if I want to buy out my leased SUV. How is your experience with Audi? Can you negotiate with Audi to lower the buyout price? :)
  • Car_man

    I think I need to clarify my request -

    Looking for 2010 Audi Q7 TDI Prestige lease MF, residual (15K miles). I'll probably get Audicare - I think that adjusts the residual.

    What is common practice for dealerships to mark up the money factor? If AFS is offering it at .00175, what would be a reasonable mark up by the dealer - if any?

    Thanks!
    Dan
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited March 2010
    Hi Dan. The reason that you've seen different numbers for the Q7 that you are interested in is that Audi Financial Services' lease program varies by trim level. Audi is not currently providing any lease support on diesel Q7s. As a result, its program will be much worse than the one that I mentioned was available on the Q7 3.6.

    Audi Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 Q7 TDI Premium with 15,000 miles per year are .00192 and 50%, respectively for consumers who qualify for its top credit tier.

    This factor is still way better than the .00270 that you were quoted. You definitely should shop around or negotiate more with this dealer until they are willing to use the more reasonable factor that I mentioned.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey Dan. I see that you actually want the Prestige, not the Premium model. The money factor for the Prestige is the same...but unfortunately its residual value is much worse...44% for 36 months, 15k versus the 50% that I mentioned earlier.

    When I lease I refuse to allow dealers to mark up my car's money factor. When I don't buy through employee or supplier purchase programs, I shoot for $500 or so over invoice and no factor mark-up. This will work on some vehicles, but not all. I never fall completely in love with any one model. There's tons of great vehicles out there. If I can't get an amazing deal on one vehicle, I will switch to a comparable one that I can get a deal on.

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  • I am getting a money factor of .00214 on the 3.0 TDI Prestige Plus with 12000miles on 36 months- seems like its much worse than what you guys are getting????

    How do you get rates directly from AFS- when called them they said I must go through a dealer....my dealer who gave me 00214 said it wasn't marked up and showed me his sheet from AFS but it looks like it was???
  • tmorefitmorefi Posts: 6
    Mid-may will be the end of our 3 year lease of our 4.2 Q7. We love and am interested in buying it out but the buy-out price seems to be a few thousand higher then market value. Is this price negotiable and if so, whats the best process? Just like buying a new car? Thanks for the help. This is my first lease.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi norfolkaudi. The reason why the money factors that you have been quoted on the Q7 that you are interested in are higher than the ones that others have seen is you are interested in getting the TDI version. Audi is not currently providing lease support on diesel Q7s

    I believe that Audi Financial Services' March standard buy rate lease money factor for Q7 TDI models is around .00192 for 36 months.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited March 2010
    Hello tmorefi. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your Q7's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.

    As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".

    If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.

    Car_man
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  • Hi. Can someone provide me the new lease numbers (money factor and residual value) for a 36 month and 42 month lease on a 2010 Q7 3.6 Premium with 15,000 miles per year. Thank you in advance for your help.
  • BTW, I just heard Audi has a $1000 rebate for current BMW drivers on the lease or purchase of a new audi. I would like help on the lease rate (not marked up) on a premium plus Audi TDI Q7.

    I signed a contract but the dealer offered to provide a lease with no mark up and match the rate if it drops between now and when the car is delivered. I signed at end of Feb at .214 and it seems people are quoting .192 so if thats the case wanted to check-in with my dealer but Audi is so opaque with the rates and wont confirm what their current rate is so no way for me to check if the rate improved from Fed to march....anyone know?
  • My 3 year lease on my 2007 Q7 will be over on April 1. My buyout number is around $27,300 (the same as my mileage) I have someone who wants to purchase the vehicle for $29,500. The only catch is that I can't transfer the car to him on paper. I would have to buy it from Audi and pay the California sales tax. and then he would buy it from me and pay the sales tax again. How do we get around this. He is willing to pay my payoff amount and the sales tax and I would pocket around $2,000. Both of us are OK with this. But we don't want this deal to be double taxed.
  • car4carcar4car Posts: 2
    edited March 2010
    Car man, Is this a good deal? I am not sure if I should lease an audi 2010 Q7 premium plus, MSRP $53,725 or buick enclave CXL2 AWD,

    AUDI'S OFFER W/ 0 DOWN, JUST 1ST MO AND PLATES:

    Term: 42 Months 12,000 MILES/YR
    Payment: $874.60
    Purchase Option: $23,526.25
    MSRP: $53,725.00
    Sale Price: $51,717.00
    Money Factor: .00190 or 4.56%
    Total Drive Off: $1,052.10

    or BUICK'S $49,000 ROUGHLY SALE PRICE 12K MILES/YR
    -$2850 REBATES
    48 MO LEASE -- 0 DOWN , JUST 1ST MO AND PLATES
    $787/MO --- SAYS SHOULD GO DOWN BY DATE NEEDED
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings luv2research. Audi Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 Q7 3.6 Premium with 15,000 miles per year are .00170 and 48%, respectively.

    The numbers for an otherwise identical 42 month lease are .00190 and I believe 46%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi norfolkaudi. Audi Financial Services' March buy rate lease money factor for a 36 month lease of a 2010 Q7 TDI is indeed .00192.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi car4car. The money factor that you were quoted looks good to me. It's right in line with Audi Financial Services' March buy rate for this truck.

    Now let's look at this vehicle's selling price. The dealer invoice price of a 2010 Q7 3.6 Premium Plus is $50,022. That means that the price that you were quoted is $1,695 over invoice. That's not terrible, but if you are in an area that has a decent level of competition, I would not be surprised if you were able to beat this offer by several hundred dollars.

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  • Thank you for the info Car_man.
  • car4carcar4car Posts: 2
    Thanks so much Car man!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome, luv2research.

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