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Audi Q7 Lease Questions
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Comments
hi, need your advise on the following "offer";
2007 Q7 3.6 Premium, S-Line, panorama sunroof, tech, convenience
MSRP : 56465
Selling price: 53577
36 mos/ 12 K
MF offered: .00129
residual: 49%
the payment that they gave me was 892 with 2K down.
why is it that I cant get the amazing deals down here in dallas on these cars?
should I go to Houston?
please do help, i'm looking to buy this week.
that residual looks way too low for an 08. i can get that residual for an 07.
and without tax too? no way.
what was the MSRP for that car? need to know that, in order to calculate depreciation.
oh, and as before, if ANYONE knows of any good deals in the Houston/Austin/Dallas area......pretty please tell.!
2007 3.6 premium Q7 with convenience pkg, 20" wheels, panorama sunroof, 6 luxury seating, 4zone climate control, infotainment pkg.
Invoice $53416
MSRP $56910
Residual 52% 12K miles w/Audi Care
Money Factor .00059
Payments 36 @769.35
Drive off $769.35 1st Payment
$ 51.15 Tax
$ 420.75 DMV
$ 1210.00 Acq fee/Audi Care
$ 2451.25 - TOTAL
What do you guys think? Should I go for it? Thanks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
You never mentioned exactly which Q7 you are interested in leasing, but the money factor that you posted is right in line with Audi Financial Services' current buy rate for a 36 month lease of an '08 Q7 4.2. If this is the model that you are getting then this factor is good.
I would be happy to share my thoughts with on the selling price that you were quoted, but in order for me to do so I need you to provide me with either this model's MSRP or dealer invoice price so that I can see how good a deal you are getting.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The selling price that you were quoted isn't bad for a lease of this truck through AFS, but you definitely should 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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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I dropped into a NJ Audi dealer today on my way home from looking at an 08' Highlander Limited. This dealer has a ton of 07's left on his lot and he was very eager to make a deal. Toyota quoted me 769. for a 36 mo./15K on a 42K Highlander Limited. Too much for this car I thought.
Could you give numbers for an 07' Q7 3.6 Premium, 36/15K, and numbers for the equivilent 08'? If I can get a Q7 for less than a Highlander (and it looks like I should be able to), it's a no brainer...
Also, any lease money/holdbackers attached to the Q7's?
Thanks again,
Bo.
Can somebody upload an excel spread sheet for the lease calculation and the complete set of input data?
Thanks.
vtraudt
MSRP: $54,450
Dealer invoice: $51,950
Residual: 51%
12k miles per year
rate: .00029
Payments would be $724 including tax.
It would not include Audi Care, I would have to pay a bank aquisition of $575 and paper work by the dealer of $175.
Your thoughts?
Here's the deal:
2007 3.6 Premium. Silver color, Infotainment Package, Technology Package, Convenience Package, 4-Zone Climate Control, 19" Alloy Wheels w/All-Season Tires, 3rd Row Of Seats and A.M.I.
MSRP $55,515
Invoice $51,217
Residual 53%
15K miles a year
MF: 0.00069
Traded in 2 cars worthed $55,000 ($10K upside down)
Included Acq fee, Title/ reg fee, Audi care as well.
Payments are $999 a month without Sales Tax (since I have trade ins)
Walk out with $3500 (that include first month lease).
Much a savings of over $500 monthly payments for me for the 2 cars.
I think we did good. Was really happy to be able to save some money and get rid of the older cars. Thanks all.
Good luck.
2007 Q7 Premium.
MSRP $50,110
Invoice $47,289
Selling Price $47,300
36 months/12k miles
Money Factor .00024
Residual $26,057
Doc fee-167
Bank fee-575
Sec deposit-675
Total out of pocket-$3000.00
Payment is $655 per month
This is right at their invoice price, but I wonder if I could get better due to the 2007 close out.
If I were you, I would insist more on the discount off the MSRP of the price. If they refused, you should get 0.00014 as MF the least. Hope this information helps. Good luck.
Monthly Finance Fee = Lease Charge ÷ Term
Money Factor = Lease Charge ÷ ( (Net Cap Cost + Residual) x Term )
Interest Rate = Money Factor x 2400
Total Monthly Payment = Depreciation Fee + Finance Fee
And check out this site if you have anymore lease calculation questions. Lease Calculation
2007 Q7 3.6 Prem tech pack comf pack
msrp $55,410, vehicle cost 51,612 sell price $53,500
0 down + first month + fees+ins $394 = 1212.61
794.97 month payment 36 months - 12k miles -
residual 28,813.20 - residual base 49.00
question 2
the guy gave me a printout that says
retention rate 0.00014
reserve rate 0.00015
disclosed rate 0.00029
what are these 3 #s - is the residual rate .00014?
thanks
Question 2, no clue about those #s. But I think that retention rate is Money factor. You should try to get that MF even if you don't get the $4K discounts. Hope this helps. Good luck.
it does include audi care - they say they put it in for free
the dealer disclosure form also says
residual (base) 49.00
residual (bump) 2.00
i assume this means 51% residual value
the disclosure they gave me also says
profit
markup 1888
back end 345.60
total profit 2233.60
he said they have to make a little profit or it is not worth it
do the dealerships buy the car at vehicle cost or less?
they say this is there last 2007 and if i get a 2008 it will cost alot more - will the money factor be higher on a 2008
he said the decision has to be made today
Garnet Red/Black int
Options include
-Tow pkg(6,600lbs)
-Panorama roof
-3rd row seats
-Audi music interface(ipod)
-Multifunction steering wheel
-19'' 7-arm wheels(standard on 4.2 premium
-Technology pkg(rearview camera, advanced key push button start, Audi side assist, Voice Recognition)
-Infotainment pkg(Navigation, Blue tooth prep, Sirius Sat radio)
$58,000
Here is what they are offering.
36/15
3500 total out of pocket which includes taxes
$696 per month
good deal can I do better? Are there any design differences in the 08 model I would hate to lease a 60,000 truck if the 08's are not the same ..
I am not saying that you are being ripped off, but that's not what others are paying for their 2007 Q7's.
If I were you, I wouldn't get the 2007 ones if I can't more discounts on them. Instead, I will look into the 2008 ones. Though the price on 2008s are higher, most of the features are standard. You are paying/getting the same price and features at the end. Hope this helps.
I think the quote is a good deal. Look at it this way, the special lease Audi have now is $550/month for 36/10 with $4000 down and plus TTL. And that was for a MSRP $50K Q7s.
Perhaps in order to get to that monthly payment, you might have to come up with another $3000 for the TTL.
That's probably close to $7K out of pocket.
Comparing to your quote, which is $8000 price difference in MSRPs. And the out of pocket $ difference is $4000. So you are looking at an appr. $12000 price difference.
Your out of pocket is only $3500. And even if the monthly payment is $150 more than the special lease ($550/month), with $1000 equals appr. to $30 more a month, you actually got a VERY handsome deal!!
Sorry for the lengthy explanation, but I hope you got my point through this. I'd said "What are you waiting for!!!" LOL. Good luck!
And yes, please get the full packages Q7, you will not regret it a bit even if u are paying more!! I absolutely enjoy and love driving my Q7.
Have an idea how much you should be paying first before heading to the dealership. If I were you, no harm haggle a little on lowering the out of pocket or lowering monthly payments. Good luck!
It looks like my truck might arrive early (before October). I want to be prepared, so I would appreciate it if you help me. Here are the specs on my car,
2008 Audi Q7 3.6 Premium, Calla White, Cardamon Interior, Technology Package, Convenience Package, Panorama Sunroof, 20” Alloy Wheels. MSRP $58,825. Invoice $54,229.
I am planning to lease for 36 months (or 33 or 39 if more advantageous) with typical 15,000 miles per year (or 12,000 if more advantageous)
Can you please provide me with:
MF
Residual
Cost of Audi Care (and if it is worth it in your opinion)
What I should expect to pay (base cap cost) for this car in Florida around this time of the year. I’m pretty good negotiating; I just want an educated opinion!
Ability to not pay an acquisition fee and/or security deposit (keeping in mind I am not a previous Audi customer)
Thanks in advance,
Jose
They have a 2007 Q7 (3.6 Premium) with the following options:
Sunroof, Infotainment Nav, 4 zone climate, 3rd row seating, 19" wheels, rear side airbags, convenience package. It says the MSRP is about $56000, invoice would be around 51700.
I read on here that there is an offer available for $4000 below invoice, bringing the cap cost to $47700.
I read on here the residual with Audi Care is 0.52, which would be $29154.
I read on here that if you take the $4000 below invoice, you can't get the low MF, so would a MF of 0.00165 (~3.96%) be a reasonable expectation?
Using an online lease calculator, I calculate the following:
Capitalized Cost: 47719 (56010 MSRP minus discount)
Residual Value: $ 29154.00 (after 36 months)
Depreciation Fee:$ 515.69 - part of lease payment
Lease Fee: $ 124.92 - part of lease payment
Monthly Payment :$ 640.61 without tax
Usage Tax: $ 19.22 over full loan (3.00 % of 18565.00)
Total Monthly Payment: $ 659.83 including tax
So is a $640/mo payment (without tax) a reasonable expectation for this vehicle? Were any of my assumptions wrong? Is it unlikely that I can reach this deal in Charlotte, NC where there are no other local dealers for competition?
If I take the 0.00014 MF and negotiate $500 over invoice, the payment would seem to be about $10/mo higher so I guess I could go that way too. I qualify for tier 1, but is $500 over invoice reasonable for the 2007s?
With either case, what would I be looking at for initial payment? First month payment + $590 audi care + $575 acq + one month payment security deposit?
Would this be 12k miles/year for these figures? 10k miles/year?
Thanks, there is a lot of information on here, but I can't tell what is still valid and what has expired. Is there anything on here that will be valid Sept 4, but not Sept 5?
http://www.costcoauto.com/research/incentives/default.aspx
I have read a lot about 1k below invoice PLUS the 4K deal, which in effect is 5K below invoice. There should only be a few '07s left over and the '08s are coming in. The dealer (competition or not) should be encouraged to move those cars.
If you need a good lease calculator, go to leasecalc.com, they have an awesome calculator!! :-)
Good luck!
And yes, if your area has move than 1 Audi Dealerships, it helps a lot to shop around and get a better deal. And yes, based on your calculation, it's safe to say that the monthly payment is as such. Give and take $20 per month. Since you have an idea on the number now, so go ahead and go negotiate based on that number in mind. Good luck!
Here are the details of what I got.
MSRP $56010
Cap cost $49525 (around $2200 below invoice)
Other financed charges ($575 acq, $590 Audi Care)
Gross cap cost $50690
Residual value $28005 (50%)
Money factor 0.00014 (0.336% interest rate equivalent)
Monthly payment (without sale tax) $641.16
Initial payment = first month + $675 security deposit + $69 title/license + $513.97 processing fee/tax
Anyways, I think it is a good deal, not sure if it is a great deal. But I hope this information is helpful to others trying to negotiate a deal. I know the info I got off the board about other deals was invaluable.
So based on my initial assumptions, I got more off invoice, but didn't get the 52% residual. I got the payment I wanted which is what I cared about, and having the lower residual will make purchasing the vehicle at the end more appealing (though I have never done so on a previous lease). I wonder if I could have gotten this cap cost and the 52% residual with better negotiating though. It is probably a goal for the next person!
I bought the car sight unseen and ended up a little disappointed. I've had voice activated bluetooth on my BMW for a couple years, so I thought it was going to be included in the bluetooth package for the Audi - wrong. Dialing via the MMI interface is going to be a pain versus just saying "Dial Home" or whatever. Likewise I didn't realize it didn't have a backup camera until I had already bought it (didn't back up during the test drive). It was on some of the cheaper vehicles I was looking at so I thought it was going to be included. I guess it is my fault for not looking closely enough at the different option packages. The other thing is the Sycamore Green is very much like my BMW and I wanted something different. Their website just said "green" and it's not what I expected. I really wanted IPod integration, but the '07s they had with that and the technology package were at least another $5000. They told me that will be available as a dealer installed option soon, although I'm not sure if they were just telling me what I wanted to hear.
Good luck everyone!
But please explain it to me, what does your Q7 equipped with? Mine is the 2007 Q7 3.6 Premium, Silver exterior and interior, Infotainment, Technology, Convenience Package, 4-Zone Climate Control, Ipod Interface ($300 more), 19" Alloy w/all season tires, 3rd row seats and it's pretty loaded except I don't have the sunroof which I didn't want it. I'm assuming yr car doesn't have the Technology package ($2400 extra). But u had the sunroof ($2800 more).
And my Q7's MSRP was $55,805. You might want to ask them is it possible to retrofit the Ipod interface, it seems to me that it's very reasonable. Anyway, I think you did VERY well on negotiating the final car price.
Check it out, good luck and congratulation again!
you were right
the price i just got on a 2008 Q7 3.6 prem - which now has ipod/sirius/bluetooth
pan roof audi care
msp 50,975
sell price 48,753
res 52% money factor .00075
726 month 36 months 12k miles inc tax
1761 due at signing for first mo/575 bank fee/110 doc fee etc
sound good?