Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Audi Q7 Lease Questions
CarMan@Edmunds
Member Posts: 38,514
in Audi
Hi everyone. Please use the following discussion to post any questions that you have about leasing an Audi Q7. Thanks.
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
0
This discussion has been closed.
Comments
The Audi dealer in NY faxed me the following lease numbers two months ago for an Audi Q7 4.2:
12k/36 months: $735.13
10k/36 months: $720.61
MSRP: $54,520
The initial payment includes: $575 Bank Fee, 1st Month Payment, MV Fees and NY taxes.
NOTE: AUDI HAS WAIVED SECURITY DEPOSIT OF LEASES CONTRACTED BY 5/31/06.
This car has the Technology package, 4 zone climate control and XM Satellite Radio.
I think he came up with the numbers above based on the A6 3.2q lease numbers. Do these numbers make any sense to you and am I getting a good deal here?
Thanks,
TARBD123
Car_man
Host
Smart Shopper / Prices Paid Forums
Thanks,
trabd123
Having said all that I would still buy the Q7 over any other model in it's category. I have been to the Audi mountain, and the mountain is good. I suggest trying to extend the lease on your X5 and see what things look like in 6 months. I have driven both the Q7 and the escalade and their is no comparison IMO.
Whatever you do, good luck and let us know how you did.
Thanks,
TRABD123
Car_man
Host
Smart Shopper / Prices Paid Forums
I am no expert but $599/mo seems optimistic. I ran the numbers on a $55K purchase price 0.00117 money factor, $3000 down, 56% residual (36mo/15K). The monthly rate was approx $790 including tax. $733 before taxes.
NOTES:
1. Assumes MSRP = Purchase Price. I doubt you'll get a discount off of MSRP right now
2. Money Factor assumes 2.8% Audi special lease rate is still valid for June
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Thanks a lot for confirming. I am scheduled to pick my Q7 up in a week or so. I'll let you know how it goes.
Also, what would be the best way to negotiate on 3.6 pre-orders at this point?
The 3.6's may indeed be more popular than the 4.2's in some parts of the country with the way gas prices are, and just overall cost of the 3.6's probably being 5-6k less expensive.
It's hard to say as nobody has driven a 3.6 yet, and how they'll be in power department. I think that's the biggest factor in how they'll sell.
Now comming to test drive experience and looks, I enjoyed the driving feel of Mercedes GL450 than this Audi Q7. However the interior, exterior, pickup of Audi while changing lanes on highway seemed lot better to me. Overall based on the deal I got from the dealer I am inclined for the Audi Q7 deal. Before I go ahead, Can one you give me your final suggestion pls, will highly appreciate it.
My only feedback would be to not put down such a large deposit. There are many reasons for this which have been discussed many times on the numerous Edmunds 'Lease Questions' forums.
I know it is nice to have lower monthly payments but it really is just an illusion since you are basically just 'prepaying' the incremental difference in payment compared to if you put $0 down.
I have not driven the GL but my sister-in-law has one and thinks it is great. The GL styling does nothing for me however. It's just another boxy (but nice) SUV.
Please correct me if I'm mistaken. For example, does the predicted residual value change (higher percent) as the average captilized cost drops? This would result of course in equalizing RV across the sales period. Sorry if this is too confusing.
Take that $1400 and put it in an account somewhere (bank, mutual fund, whatever). Your lease payment will be about $40 higher. You can take the $40 from the account every month to make the car payment. At the end of the lease, the account should have a little left from the interest you earned.
Main reason to do this is in case that lease doesn't go to maturity. If your car is stolen or totalled, that down payment is stolen with it. Same problem if you want to get out of the lease early.
Never, ever, put money down on a lease. There is absolutely no good reason to do so.
Term/Miles: 36/15K
MF: 0.00125
Residual: 56%
MSRP/Price Paid: $54070
Inception Fees: $1929
Downpayment: $0 ($0 drive off)
Monthly Lease Payment: $824.13 + tax (~$73/mo)
It seems like a fair deal. I will post dealer details and recommendations after I close the deal.
I had the dealer break down the inception fees, everything was inline with what it should be. Keep in mind it includes the first month payment. My drive off was $0 (the only way to go).
Final deal details:
Term: 36/15K
MSRP/Price: $54070/$54070 (no discount off MSRP of course)
Inception Fees: $2003
Residual: 56% ($30279)
MF: 0.0125 (3%)
Drive-off: $0
Total payment with taxes (7.75%): $888/mo
All in all I am happy with the deal and the wife loves the car (it is an awesome vehicle).
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Term/Miles: 36/12K
MF: 0.00115
Residual: 57% ($36377)
MSRP/Price Paid: $63820/$62820
Total Up-fronts: $1935.97 (including 1st month's payment
Downpayment: $0
Monthly Lease Payment: $849.10 + tax (~$60/mo)
Also, my dealer said the the residuals are 1% lower on the Premium (would have been 58% on the non-Premium). Not sure if he's just trying to make more money, but I'm still happy with the deal.
He won't have an ETA until the actual order confirmation is received, but he was guessing mid-September. I'll know more next week and keep everyone posted.
Thanks for all of the good info on this site, it's makes the process go so much smoother.
I occasionally tow a boat of about the same weight and have never had an issue with our V8 Touareg. In general I'm towing a large utility trailer with 4-wheelers and bikes. I think it's spec'd to tow around 7000 lbs, whereas the Q7 is spec'd to tow 6500 lbs. However, with the additional torque and HP, maybe the Q7 will actually be a better tow vehicle.
If you go to the Audi UK site, you can see the S-Line in a multiple colors (though not Daytona Gray - arrgghh!!). The site is not as elegant and simple as the US site, but it will give you a look at different colors, albeit in lo-res.
I think the MF and residuals are good through July 5th. I doubt they'll change the residuals much, but they could very well change the MF. Good luck and let everyone know how you make out.
Term/Miles: 36/12K
MF: 0.00115
Residual: 57% ($38058)
MSRP/Price Paid: $66770/$65670
Total Up-fronts: $1973 (including 1st month's payment
Downpayment: $0
Monthly Lease Payment: $887 + tax (~$62/mo)
Term/Miles: 36/12K
MF: 0.00115
Residual: 57% ($38058)
MSRP/Price Paid: $66770/$65770
Total Up-fronts: $2000 (including 1st month's payment, tag, dealer fee, etc...)
Downpayment: $0
Monthly Lease Payment: $888.31 + tax (~$62/mo)
Gave the $2000 up-fronts as a deposit. Put it on my Amex to get Delta Skymiles (as well as added protection). The order and pricing is in writing, and they provided me with the Audi commission number, which is the order number.
PLEASE don't tell me that Audi started offering better rates or higher residuals today!! I'm happy with the deal.
Personally, I would like to see a higher residual than 57%. These luxury 7-seat SUV's have held their value very well, particularly the Volvo XC90 and Lexus GX. Many affluent families are looking for an alternative to the minivan, and they have the money to spend, but there are just not many options out there. That's why Audi put the third row in the Q7, why BMW is adding one to the X5, and why Mercedes introduced the GL.
Audi has a real opportunity here. Along with the GL, the Q7 is the new kid in town, and it seems to have the goods to compete. With the new Acura and BMW coming out in a few months, Audi should do what it can to get the Q7 on the streets in noticable numbers. They should run a high residual, short term, low mileage lease program. Lexus did this when they first introduced the 1990 LS sedan. They offered a 2 year lease with an 81% residual. People traded in their S-class, 7-series, and other high-end cars to try the Lexus. It was a huge success. Word of mouth spread among the wealthy that this new Lexus was outstanding. The rest is history. Audi has that same opportunity now. If they offer a 2 year low mileage lease with, let's say, 75% residual, they will move a lot of Q7's. These wealthy folks will spread the word of how great the Q7 is, and when other buyers are looking for this type of vehicle in the coming months, Audi will be ahead of the Acura and BMW rollouts. In two years, Audi will have a supply of low mileage 2-year-old Q7's, which will certainly be attractive on the pre-owned market.
Where did you read that about the 21" wheels? I REALLY want them, but they just became available in the UK - no word on US. I wish I could wait for the iPod/MP3 too, but that's not as important to me.
The dealer is guessing mid September delivery.
If you can lease a premium 4.2 model Q7 (low 60's MSRP) with practically every option and be in the low 800's payment wise with not much mony down, I don't think that's a bad deal.
MSRP $54,660
Cap cost $53,346 (note that is below sticker)
36 month lease, 10K miles (my request)
61% residual
.00155 money factor
Bank fee and 8.625% sales tax rolled into payment
Monthly payment $777.34
Due at signing only first payment and DMV fees. There is a $749 security deposit, but he believes Audi will waive it for me as an existing customer (I have a current VW loan for my wife's Passat). He said no guarantee, but worst case I'll have to come up with the deposit. No big deal.
This seems to me like a great deal. A 61% residual is very generous, and that MF works out to only 3.7%. And the deal is for $1300 less than sticker. All for the 3.6 Premium, which I expect will be in even higher demand than the other models.
I put down a $500 deposit, got it all in writing, and I have about 2 months to think it over (estimated arrival September). I have been assured that not only is that money fully refundable, but if the lease terms improve, I will get the better deal. If they get worse, I am guaranteed to get the terms above. In short, I have nothing to lose, and I have locked up first dibs on that car. By the way, it is Condor Gray with Limestone Gray interior.
Any comments or questions?
http://www.audiworld.com/features/tests/d3s8.shtml
http://forums.audiworld.com/lrqc/msgs/51454.phtml
http://pictureposter.audiworld.com/19478/dsc01112.jpg
http://www.pbase.com/shauncox/rs6
I'm in the process of negotiating to buy a pair of Audi Q7 Premium's loaded to the gills. I've talked to several dealers. One just offered to sell the cars for $500 over "invoice" each.
When it came time to begin writing up the contracts, 2 new charges miraculously appeared. One is called “NY Upstate Dealer Advertising Group” for $300, and the other is called “Preparation and Inspection” at $195.
I’ve searched here and Consumer Reports and can not find either of these charges listed. The dealer is insisting that these are both charges that the dealership pays and that they are billed by the manufacturer. He even gave me a copy of another Q7’s invoice that does in fact show both charges. That invoice carries a notice on the bottom that reads “Prices illustrated above are subject to change prior to drafting and final shipment”.
I had arrived at a price by simply adding up the wholesale price of the car and each option selected and then adding the “Destination Charge”. I thought that by simply adding another $500 I’d have the price of the car. These "extra charges" adds another $495 to the deal.
Re these charges for real – or is it a scam?
Does the manufacturer rebate this to the dealers to allow them more profit – beyond invoice – in a manner like holdback?
By the way, I’m told that Audi does not do “holdback”. Edmund’s site shows none. There appear to be no promotions available for Q7’s yet. Does anyone have any knowledge of this?
Thanks!