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Audi Q7 Lease Questions
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Car_man
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Car_man
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The selling price that you were quoted is probably around $3,000 over dealer invoice. I'm not sure what the market is like for this truck right now, but that is a lot of room to play with. Make sure to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Audi Q7: Prices Paid & Buying Experience".
Car_man
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Car_man
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Car_man
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Car_man
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First let me say that without this forum I would be totally lost...I have bought/financed a lot of cars over the last 25 years, but, as a newbie to leasing, the postings here have been invaluable, especially in learning about the appropriate buy-rate money factors and residuals that helped in my negotiations the last few weeks.
Here is my question...exactly what tool are you using to compute lease payments? I have used the lease tool on Edmunds, but it doesn't match the dealer's numbers even with all the same inputs. I have also tried other lease calculators found on the internet, and none match the dealer's.
I have negotiated the following deal on a Q7 4.2 Premium, and maybe you can help me compute the proper monthly payment:
MSRP $62,360 (incl Side Assist, Towing, and Wood Steering Wheel Option)
Disc $1,500 (seems in line based upon other postings)
S/P $60,860+2,500 for aftermarket Headrest DVD's = $63,360
Fees $550 for Maint Program,
$632.33 for Acq/Cap Fees, and
$80 for Lic, Reg, & Title
Term 36 Months
Miles 10,000
RV 56% x MSRP = 34,921.60
MF .00107
Tax * 6.5% sales tax rate in Illinois suburb
* Illinois only computes taxes on the difference between the S/P and the trade-in. I am trading in a vehicle for which they are giving me $21K, and plan to apply the full amount to the lease.
I computed my monthly lease payment with the Edmunds tool to be approximately $350, but Audi is at $410 (fyi, without the trade-in the monthly pmt Audi gave me is $1,080 per month). Audi is attributing the difference between their monthly payment and Edmunds is due to Illinois being one of only three states in the U.S. that handles lease taxes in a different manner. Is this true? If yes, do the lease payments they are giving me sound right. If not, what should my monthly payment be (with and without using the trade-in funds)?
I have put down a $1,000 deposit to hold the vehicle and plan to pick it up this Saturday as long as the numbers check out.
Thanks for your help, and sorry for the long message!
Can you provide the November money factor and residual figures on a 36 month, 12K per year lease on a Q7 3.6 Premium?
As always...thanks for your help!
Bumping this message hoping you can reply soon. I've seen your posts on other boards, but no response to the questions here. I could really use your help with the Nov. Q7 3.6 Premium lease residual and money factor for 36 month, 12K per year lease.
Thanks!
Here are the November rates for the Audi Q7 3.6 Premium.
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms.
2007 Audi Q7 4dr Wagon 3.6 Premium / (11)
12 mo/15k mi – Residual Value 69% of MSRP – .00113 Base Money Factor Rate
24 mo/15k mi – Residual Value 65% of MSRP – .00113 Base Money Factor Rate
36 mo/15k mi – Residual Value 56% of MSRP – .00113 Base Money Factor Rate
48 mo/15k mi – Residual Value 46% of MSRP – .00344 Base Money Factor Rate
Car_man
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Car_man
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I believe that Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Q7 4.2 Premium with 10,000 miles per year are .00107 and 55% (not the 56% that you mentioned). One of the reasons that you may not be able to come up with the same monthly payment that you were quoted when calculating this truck's monthly payment on your own is that Audi Financial Services may not allow consumers to fully residualize the aftermarket DVD system. Most factory installed options can be residualized, but this is not always the case with aftermarket options. You will have to pay for the entire cost of any option of the DVD system that cannot be residualized over the length of your lease (i.e. divide the cost of it by the number of lease payments). Perhaps this is why the payment that you came up with is different than the one that you were quoted.
Car_man
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Car_man
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You seem like one of the most knowledgeable guys re: Audi Q7s, and I have a few questions you may be able to help me with.
I am interested in leasing a 3.6 Premium (MSRP $53,230 including infotainment; technology, third row, wood steering and sycamore paint)as a x-mas gift for my wife, for 36 months, 12K miles.
What do you think is reasonable discount off the MSRP? Have you seen any dealers eliminating the disposition fee ($350)? How 'bout the security deposit (assuming very good credit)?
Last question, do you think it is better to wait 'till the weekend before x-mas to get a better pricing, as it approaches month end sales boggies?
Really appreciate feedback. Trying to decide soon.
Please advise. Thx.
Also when they try to show you their invoice should I trust to that # or it's a fake?
based on MSRP $49,270... admands invoice $45,529. is $47,500 do you think reasonable?
thanks in advance
MSRP $49270, selling price $47500, $656.81 per month with NYC sales tax in the payment, $2205.31 due at signing including refundable security deposit of $675. If security is waived due to excellent credit, total due at signing is $1530.31.
it's for 3.6 premium with sunroof and 19" wheels 36m 10k 59% res and .00113 MF
what do you think? please advise
thank you
I'm having a hard time justifying the cost differential between the premium and standard models.
Car_man
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Car_man
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Individual dealers do not have the authority to waive the disposition fee that you would have to pay if you leased this truck through Audi Financial Services, but if you lease another Audi through them when your Q7 lease expires you will not have to pay this charge. Individual dealers do not have the authority to waive AFS' security deposit requirement either. It will waive your vehicle's security deposit in exchange for an increase of .00015 in the money factor that is used to calculate your vehicle's monthly payment if you want.
Generally speaking, the later in the money one purchases or leases a new vehicle the more willing dealers seem to be to negotiate.
Car_man
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Car_man
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Car_man
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Car_man
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Here is the specific information on this truck's current lease program that you're looking for. Through January 2nd, Audi Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2007 Audi Q7 3.6 non-Premium with 15,000 miles per year are .00074 and 66%, respectively. The numbers for an otherwise identical 36 month lease are .00074 and 56%. Audi is supposed to introduce its new January lease program tomorrow. Please feel free to post a reminder in this discussion for me in a few days and I will gladly give you an idea of what its new program for this truck is like.
I don't believe that dealers are allowed to mark-up the price that Audi charges for additional miles purchased at lease signing, but I don't know exactly how much it charges per mile.
Car_man
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Too bad their residual is so low.
But the car gets good reviews.
We're trying to find a V6 with what we want, without a lot of other stuff. Gets very pricey.
Looking for convenience, infotainment and technology packages.
(2) Wife originally focused on new BMX X5, but BMW service on my 2006 530i is obnoxious, she re-focused on Audi Q5, despite its lack of free oil-lube-brakes-etc.
(3) How does dealer make money on sale? Three dealers yesterday (Jan 2) easily offered invoice + $1,000, along with Audi subsidizied lease; I inferred I could get it for still less. But there are no Audi holdovers, and $1,000 for dealership+salesperson doesn't see much. What am I missing? Does Audi give dealership a big check at year end based on meeting a sales quota?
money factor, residual, 2yr&3YR for Audi Q7
V6 premium, V8 premium.
Better terms with increased security deposit?
Attractive pre-pay for 3-year service?
(Any other info to know? Are mpg's dependable?
Also, can you put regular gas in these cars?)
Also, I don't understand-- with attractive terms last week, dealer still offered invoice+$1000. How do they make any money, if this is split between salesman and dealership? Does Audi give dealership a big bonus at end of year based on cards sold? If so, can you do less than invoice+$1,000?
Car_man
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Car_man
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As far as this truck's selling price goes, $1,000 over invoice sounds like a reasonable deal to me. In fact, I personally would not be surprised if community members in areas that have a lot of competition were even able to get one for slightly less than that. Make sure to stop by the following discussion to see how much others have paid for similar trucks lately: "Audi Q7: Prices Paid & Buying Experience". In today's competitive automotive market, consumers are often able to purchase new vehicles for $1,000 over invoice or less. Dealers just don't seem to make as much money as they used to on new vehicle sales. In many instances, used vehicle sales and service departments are much more profitable for dealers than new vehicle sales.
Car_man
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Car_man
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