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Audi Q7 Lease Questions
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Oh well, life goes on. I'm dealing with a bunch of noises coming from the back now, and I'm going to check out the other Q7 forums to see if it is common. Take care.
I have had 4 dealerships telling me that you are lying. :confuse: Can you please tell me where you bought your car at the above price? I have been shopping for 4 days and found nothing even close to your deal.
Thank you!
I appreciate your help!
I'm in the market to lease a 07' Q7. I've been reading this forum and feel that I am ready to request a quote from my local dealers.
I was wondering if anyone can share how they first approach the dealers in their email? I don't know what to say except "Please provide your best quote for a 07' Q7 3.6."
Any input is greatly appreciated.
Thanks you guys!
If that doesn't work, you should just call them up or go to the dealership in person. Good luck.
I'm looking at an MSRP of around $66175 (getting conflicting data on MSRP of Tech Package on the 08 Q7) and will lease for 36mos @ 10K miles per year.
Is it true that I will not be able to lock in lease terms until the vehicle arrives since residuals and money factors change over time?
Given current data and rates, what should I expect for the residual value and money factor assuming lease through AFS and top tier credit. Am willing to pay security deposit and acquisition fee if it postively impacts money factor. What about negotiated price?
What is fair dealer profit on an ordered 08 that would arrive towards the end of the year?
I'm getting the idea that the party is over as far as cheap Audi Financial Services leases go, now that the special ended on the 4th. The last 2 dealers I talked to in South Florida were quoting MFs of .00229 and .00213, which seems a LOT more than what I've seen here. (From 6/1/07 through 9/6/07, I've seen MFs quoted from .00014 to .00140. One dealer basically said that AFS is too high, so they recommend US Bank, which is where they got the .00229. Sounds fishy.)
Originally, I was looking for a 2007 4.2L non-Premium, and even found a great candidate right after the 4th, but they quoted a residual of 46% with the MF of .00212.
Thanks in advance,
jph
Thanks in advance
Jose
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I'm not sure exactly how much Audi Care would cost for this truck, but it is usually worth it to get it on Audi Financial Services leases. AFS will boost the residual values of vehicles that are leased with Audi Care by 1%, which helps to offset the cost.
I am not personally all that familiar with what the market is like for the 2008 Q7 in Florida right now. If I was personally in the market for one, I would shoot for a selling price of $500 to $1,000 over dealer invoice and see what happens. You may be able to get an idea of how much you will have to pay by visiting the following discussion: "Audi Q7 Prices Paid and Buying Experience".
AFS will probably waive its security deposit requirement for free for returning lessees, but I doubt that it will waive its $575 acquisition fee.
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I am not intimately familiar with what the market is like for the 2008 Q7 in your area, but if I was shopping for one right now I personally would shoot for $500 to $1,000 over dealer invoice. You may be able to get an idea of how much you should pay by visiting the following discussion and seeing how much other community members have paid lately: "Audi Q7 Prices Paid and Buying Experience".
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You told Midnightblue that "Audi Financial Services, current buy rate lease money factor and residual value for a 36 month lease of a 2008 Q7 4.2 Premium with 10,000 miles per year are .00140 and 52%, respectively assuming that you pay a security deposit and acquisition fee." Could you please tell me how much that changes for 15,000 miles?
Thanks!
jph
Lastly, what is the fee for AudiCare?
Appreciate your guidance. I'm heading to the dealer next week.
I hope you're still around to offer some insight...
This month's lease rate numbers for the Q7 3.6P do not make sense... According to your numbers, the MF jumped 500% (from 0.00014 to 0.00075). That alone represents an average $80 to $100 jump on a monthly payment.
I went back and looked at MF and residuals you so kindly posted from June 2006 through August 2007 and calculated a payment using leaseguide.com's calculator for each month. The payment remained consistent within a few dollars every single month with the exception of Nov/Dec 06 when Audi Financial Services had a program and the payment dropped by about $50. Other than that, as residulas were adjusted through out the model year, so were money factors, thus keeping the monthly payment consistent.
Naturally, I'm alarmed to see that the MF all of a sudden jumped so much this month!
If you could offer some insight as to why you think MF jumped so high this month I would appreciate it. Of course, it would also be great to hear your prediction :-)
I'm heading to the dealer this weekend and I'm afraid its not going to be pleasent...
Thanks in advance!
Jose
So how's the trip to the dealership? Did you get the car? Keep us posted!
D.
I'm really worried about September's MF and Residuals. The numbers really went to h*ll this month, which effectively have bumped the payment by about $70 x month. That times 36 months is 25 hundred bucks!!!
With a little bit of luck, my car will get delayed and not arrive until October when the rates will be better :-)
I'll keep you posted
j.
Hope everything works out well for you. Don't worry, you have 5 more days before Oct. Most likely u will do alright if they really wanted to sell the car to you. Good luck.
Can't wait to have u discussing about yr new ride in Audiworld forum
D
I just want to verify that these cost adjustments are legit. They did show me an invoice from Audi (although from a vehicle transferred from NY) that did in fact include about $400 for dealer advertising fees.
Can anyone confirm or repudiate that these fees are indeed legit?
1.2% interest rate equals to 0.0005 MF which I know is not AFS's september lease rate.
Any thoughts? I'm heading to the dealership tomorrow Saturday to do the deal! :P
Here are the initial numbers they gave me:
36months at 12k yearly
$2,129 due at signing
$829 plus tax
MSRP $58,825
Selling price is $56,625
MF 1.2%
Residual 53%
$2,129 breakdown- $399 bank fee- $575 acquisition fee- $145 license fee- first month payment- taxes- and florida surcharge for the lease of about $70.00
The 829 is without tax. With tax the payments are $879.16.
Besides the MSRP, Aquisition Fee, and Residual, the rest of the numbers are a bunch of BS! I ran them through leasecalc and they come out to $795 X month with tax!
Here are a few questions,
- as I understand it, "bank fee" and "aquisition fee" are the same. Am I mistaken?
- Isn't the aquisition fee included in the calculation of the lease rather than paid at inception?
- What the h*ll is a "Florida Surcharge"?!
Thanks in advance for your help
Jose
lease options: 36 months, 10,000 miles, at $1,045 a month, plus $2,300start up, $399delivery fee, 6.9%taxes and $590Audicare.
Would love to own this car seven years. Would you buy outright or select lease option? Is Audi a car that lasts?
thank you
Leasing the car for 36 months will give u a good picture if you would want to own that car for 7 years or not. I'd say give it a try.
Worst case scenario, you can return the car is 3 years and walk out with no strings attached. Or you can pay off the residual value of the car to keep it. The latter one seems good if you are indeed serious about enquiring that vehicle. Either way, you will be driving the car first.
IIRC, it's 49% at 15K miles per year. Add 2% for 10K miles per year and add 1% for Audi Care.
This was a rare car given it did NOT have a sunroof, which we did NOT want anyway. Only other option that we would have preferred would have been the 6-seater configuartion, but there didn't seem to be very many in SoCal, at least in our desired color combo.
MSRP: $55,425.00
Invoice: $52,066.25
Cap cost: $52,566.25 ($500 over invoice)
MF: .0009 (2.16% APR)
Residual: 53% w/o Audi Care 54% w/ Audi Care
Terms: 36mo,10k/yr (minimun drive-offs - ~$2k)
Total: $770.65 (includes 7.75% tax rate)
Dealer was Audi of Mission Viejo. Great service and even got a better deal working with a retail salesman over Fleet!
Standard fleet deal was $1000 over at all dealerships I contacted., and probably could have got the same deal in that department, but decided to give the kid who demo'd the car for us a shot. Just had to tell him what I wanted and he worked to get it done. Awesome customer service!
I did all my negotiating via phone, e-mail and fax.
We had almost $9K upside down with our trade and we are paying about $998 a month for 36 months with 15K miles a year. And the out of pocket was only $2000, which included first month payment. The whole test drive, negotiation and paperwork signed took only 2 hours. Great experience, absolutely loving the car!
Thanks!
Ask your dealership what the residual value is on that vehicle. Probably about 52% with 12k-mi/yr. Get Audi Care and that will add 1% to the residual. Find out November's buy rate money factor and then I can run the numbers.
Don't take the following numbers as exact, but I'd estimate your lease payments would be around $670/mo. for 36 mo. at 12k-mi/yr. (Drive off fees only)
*Numbers are based loosley on an approx. MSRP, adding Audi Care and assuming a 53% residual with the above mentioned MF.
Appreciate your help. Any idea what the other cars lease for using the same parameters? Also, I assume your number didnt include tax, is that correct?
Thanks again!
Now, as for the other vehicles, the MDX, by far, will have the best residual value. That combined with a low MF (if available) will net you a great lease. As for the GM products, big rebates and being able to cap the cost at/or near invoice will help, but not sure how strong their residuals are? I can look.
Call or e-mail a few dealers and tell them that you are interested in leasing and ask them what the residual and buy rate money factor are for a 36/36 lease? Running lease numbers is very simple math, but dealers want you to think it's tough. If you want, e-mail me directly at ocautoseeker@yahoo.com and I'd be glad to help you further.
Panaroma Sunroof, 4-zone climate control & Convenience Package.
The MSRP on the car is $53,875 and I worked the dealer down to $50,500. The invoice price as per Edmunds is $49,725. The dealer said that this is not the real invoice to them and showed me an invoice which was almost $1,750 more ($51,500). Could you please comment if this is a good deal. I am scheduled to go do the deal the day after tomorrow.
Also what is the current buy rate money factor if I were to lease it (10K/36 mo) and what would the monthly payments work out to? What fees are typical ( Acquisition fee - $575, Doc Fee - $299, Audi Care - $590)
If I were to buy it (60 mos) what is the current APR with AFS. I have a 740 credit score.
Any help would be greatly appreciated.
Thanks!
Thanks in advance.
The alternative to this would be buying on a 60 mo APR of 7.59% which would work out to $1,090/mo with $1000 down.
Can anyone comment if this is a good deal. I am scheduled to sign and pick up the car on Friday.
Thanks!
PS: The car has a MSRP of $53,875 ('08 Q7 3.6 premium with sunroof, 4 zone climate control and convenience package) and an invoice of $49,725. Essentially got this at $775 above invoice.
If you can still find an '07, AFS is offering 3.9% APR for terms ranging from 12-60 mo.
I am considering a 15k/36month lease that would occur in December. Does anyone know money factor and residual being offered by Audi. I would select Audicare to gain the extra residual point. It is true the S-line package decreases residual by 1%?
Your assistance is appreciated.
thanks
Thanks!