Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Audi Q7 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP = $58,825
36 months
10,000 miles
$0 down payment
Monthly: $768 ex tax / $832 inc tax
For that price, I also got an extra $1500 worth of extras included - first car payment $830, full maintenance plan (it will cost me nothing to service for the life of the lease), and 2 full tanks of gas.
What do you think - did I get a good deal?
I'd love to know what dealer you went to? ...and when?
What was your residual at lease end?
Bay Area dealer I saw last night offered up a ridiculous lease on a loaded Q7 3.6:
Cap Cost $54661
Residual .43
Lease Rate Factor .00350
Monthly Payments $1144
Drive Off $2283 (includes 1st payment, tax, 1st year fees & "other" upfront..)
Also, anyone have an ear to the ground @ the 3.0 TDI?
Thanks,
I really appreciate all your input for the Audi Q7 leases. How are the August lease programs going to be designed with the 2009 Models coming out. Is the money factor going to be any better?
Thank you
Do you think current lease deals are better than the summer event? should I act now or wait for august deals.
Thanks
You should be able to negotiate a very low cap cost, but the rates/residuals are pretty poor right now on the 08 models.
-Jerry
Is this a deal? My husband is upside down in a 2004 Tahoe worth 6k, owe 12 k (his first car out of the military) bad judgment??!!! Anyway we are basically trying to get out from up under this truck ASAP. So we thought leasing because we can recup some negative equity at the same time when the lease is over we can walk away owing nothing. So here it is: Q7 3.6 premium MSRP 54,175 Sale 49,175 3500 down (includes audi care for term of lease, first mos payment, taxes, fees) 42/16k $889/mos tax included
Also Q7 4.2 MSRP 64K Sale 54K 3500 down includes same 42/16k $899 (not really interested in a V8 engine thought)
So what do you think I really want the Q7 3.6, but do you think I can get a lower monthly payment and term mayber 39 mos/15 K for $799
Keeping in mind our 6k of negative equity, are these good deals, or should we wait until the 2009 hits the lot next month?
Thanks Car_man, you rock!!
2009 Q7
36-month lease
12K Miles/Year
Premium Package
Cap Cost: 46K
Lease end value: 24,339 (assumes 51% Residual)
Total Inception Fees: $3500
Monthly Payment: $650
The dealer indicated to me that 2009 Lease rates are more favorable than 2008 models, but buying a 2008 model may actually lead to a better deal. I'm primarily interested in leasing. I was wondering if anyone out there has received similar quotes or even better ones.
2009 Q7, Prestige Package+Pana roof+Warm Pack
MSRP: 58500
36 month/15K
Lease-end buy price: 27460
Monthly Payment (plus Audi care): $750
Initial Down payment (include everything): $3500
Is that a good deal? Thanks!
Anyways, come to find out that transferring a lease through Audi does not get you off the hook, so if the person I transfer to defaults or otherwise screws over the lease, I would still be liable. I saw an article on lease default protection that is basically an insurance policy in case this happens, but besides Swap A Lease dot com, I can't find anyone selling it (maybe I'm googling the wrong terms). Unfortunately with Swap A Lease you need to input the information for yourself and the person taking over the lease and such a person doesn't exist yet - I just want to find out how much it costs before deciding to move forward with this. Anyone have any experience with this and could tell me where I could buy this insurance and about how much it costs?
Thanks!
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I have been offered the following deal:
Q7 Premium Plus
msrp 54,425
purchase 49,500
3.6 Premium plus
pano sunroof
bicolor wheels
36mo/10k
mf .00066
Residual 49%
1250 out the door
682 or 735 includes tax
Does anyone have any deals to compare?
Thanks.
I ended up with this deal:
3 year/15K miles, 3000 down, 769/mon (include tax and audi care)
The car is 58K, 3.6 L, prestigious option, plus sunroof and 20 wheel.
The problem is that while the policy would help cover the costs if the person who picks up the lease defaults, it would not help my credit if they make late payments and my credit score gets dinged by the late payments. I'm not sure if I want to take that risk with the economy as it is where even a good intentioned person with great credit could find themselves in a position where they couldn't make the payments.
They do offer another alternative. Basically, you find someone who wants to take the lease, they buy out the old lease, and re-lease it through one of their banking partners. That way the old lease is satisfied and I would no longer be on the hook. The problem there is the terms of the new lease are not that generous and I was told that basically the new person would have to take the vehicle with a 3 year lease that would be basically $900/mo, a heck of a lot worse than the $660/mo for 2 years that I was hoping to entice someone with. Plus it seems people could get that sort of deal right now on a new vehicle, so I don't think I want to spend the $500 they charge to advertise the vehicle for re-lease. I guess advantages of the re-lease are that you don't need a down payment and she said they would accept anyone with a credit score over 680 and I'm not sure what Audi's threshold is.
Anyways, not sure what I'm going to do. I'd like to get out of the lease but it looks like I'm stuck with it.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
BMW and Mercedes do release you from obligation if you re-lease. If someone would like to find out about other lease companies, they can check the link below - however obviously terms may change so make sure you check the lease documents you actually have to sign rather than rely solely on that link. I for one will not lease from Audi again or any other company that has this rule.
Lease companies
2008 Q7 Premium
MSRP 52,000.00
First and Plates Only - Drive Off
$709.00 per month
That being said, there are quite a few things that drive me crazy with this car. First, I have had to take it into the shop at least 6 times since March for a recurring programming error with the ESP and Adapative headlights. The display will give me a ESP fault, followed by the Adaptive Headlight fault, and stay lit from 2 minutes to a few hours. It is now at the dealer AGAIN as I write this comment for the same problem. The dealer's service department are consulting with Audi in Germany because they cannot figure out the problem here. When coming to any slow stop, the brakes SCREECH loudly. This also occurs with every one of the loaner Q7s my dealer has provided. Audi needs to do something about its brakes. In addition, I had to replace the front brakes on my Q7 (at a cost of nearly $800) at ONLY 15K miles (my old Lexus LX would go 40K miles before needing brakes). There is a very irritating rattle with the 2nd row seats any time we hit a bump of any sort (Audi Service claims not to hear it). The parking brake release must be pulled at least 3 times before it releases (not fun when you have carpel tunnel in your left arm). Every few days, with no rhyme or reason, the display screen between the gauges goes completely blank. It will work the next time I start the car. The gas mileage on the 3.6 engine is only 14.5 running around town, but I have gotten a consistent 23 MPG on the highway cruising at 70MPH. At this point, I only have 20K miles on the car, and I can truly say I am glad I leased it. I will not be keeping it when the lease ends.
IF you are going to get an Audi, my recommendations would be to lease the car (if you are willing to live with the annoying issues). With Audi's spotty reliability record, you may want to bail out of any unreliable car in a few years. Also, if you can wait, I would recommend getting the 3.0 Diesel engine to get better fuel mileage.
If you are purchasing, I would recommend getting the Acura MDX, or Lexus RX (if you do not need the 3rd seat). Also, when I was looking 19 months ago, I was quite impressed with both the Buick Enclave and Mazda CX9. Judging from what I have read in Consumer Reports, I would go for a Mazda, Lexus, or Acura.
36 months -- 15k miles/year
$795/month
$1370 inceptions
1st month's payment waived
MSRP $53,325
Invoice $50,109
Sales Price $50,109 plus $650 Audi Care N/C Maintenance Program
Money factor .00036
Residual 47%
Can I do much better?
Anyone looking at comparable SUVs offering better lease deals?
Thanks.
That seems like a very good deal on a premium plus - can you tell me where you were able to get that deal? Contact me directly if necessary. Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
09 Q7 premuim with Pana roof and Nav
39 month lease 619 per month with 1K down ( 300 fees and 700 cap cost reductions), includes Audi Care
Vehicle "cost" 37259
Acq fee 625
Gross cap cost 37884
Residual 19946
MF 0.00026
After I bought the car, I asked if the car was a loss leader. The salesperson said, "no, they're able to do the deal because Audi is offering them $3k for each car as long as they sell 20 Q7s and they're passing this on to the customer".
42 months 15k miles per year
1K down 609 a month with tax...
Thank you in advance.
I am in the market for a car based out of NJ. I am looking to see if you know a fair deal on a 2009 Audi Q7. 36 month lease, 10k a year. for either engine.
280-hp, 3.6-liter V-6
350-hp, 4.2-liter V-8
Navigation.
Thanks,
MM
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Prem Plus
Panoramic Sunroof
20" bi-color
cold weather
54925 msrp
52041 invoice
50591 sell px
44% res w/ $650 audi care (was 43% w/o)
0.00056 mf
51241 gross cap cost (incl the audi care)
No cap cost red
2037 drive off - no security dep - incl. 1st mo / 625 AFS acq fee / CA lic & fees / 45 doc fee
Pmt: 860/mo
The numbers seem right to me ... anything look weird here? Bad deal?
Thanks
What kind of price might I be able to negotiate to buy it at end of lease?
Also had some significant mechanical issues early on (in the shop 30+ days), so they probably can't resell it as Certified Pre Owned, which may plan in my favor.
Trying to decide whether to start new car shopping or to buy the Q7 at end of lease.
Thanks!
There are a million little things that annoy me about this vehicle, from the inexcusably loud beep it makes if you are low on gas or windshield wiper fluid to having to walk around to the other side of the vehicle to refuel only to realize I forgot to hit the button to unlock the gas tank (on the BMW I had previously, the tank was automaticaly locked when the doors were locked - brilliant). As much as the mags rave about Audi build quality and aesthetics, I liked my BMW much better.
I'd get rid of this thing in a minute if I could, but Audi has terrible rules governing their leases and you basically cannot let someone take over the lease because you are still on the hook for the payments if the other person doesn't make them - who is willing to take that risk? Certainly not me. By the way, BMW and Mercedes do not have this rule and will let you sign the lease over to someone else cleanly. Just another reason I will never lease/purchase another Audi.
I tried to trade it in a couple days before New Years, at a time when that dealer really wanted to make a deal and sell a remaining '08 before the end of the month/quarter/year. But I was offered less than $30,000 for a 15 mo old Q7 with < 12,000 miles that had a sticker of $56k. My lease payoff was $40,000, so I was over $10k in the hole. As much as he wanted to make a deal, he couldn't budge on the trade-in price - these things have no value used! I listed it in the local paper for $38,000, willing to pay a few grand to get out of the lease, and never got a single phone call.
So this is something of a warning to anyone looking to lease one of these things. Understand the implications - you will have this vehicle for 3 years whether you want it or not. The various websites that give used car values (including Edmunds) are WAYYYY off on the Q7, overestimating by thousands both the dealer trade in values and private party values. If you insist on having a Q7, you should definitely look at buying a used one since the resale values are so poor, just check EBay.
I guess the TDI numbers will also be different. I'm hoping it's a little bit better.
I visited an Audi dealer back in March and the lease for a Q7 was ridiculous. I love the car but may have to look at alternatives.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'll be off an Audi A6 2006 lease in four weeks and only have 17,000 miles on it after three years The residual value of the A6 2006 is $26,500 so is it worth it to buy it or return it?
I'm also thinking of leasing a Q7 so what is the loyalty incentive, money factor and residual value of a premium package, 36 months and 10,000 miles per year should be for April?
Thanks in advance.
What kind of deal did you get? Can you state the details?
Thanks.
Do you have the May lease numbers (money factor/resid) for the Q7? Specifically, a 2009 3.6 Premium 36 months/15K per year? Any other incentives on this vehicle that you are aware of?
Thanks!
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 car's purchase option price is in line with or less than its current market value, which unfortunately is doubtful given the overinflated residual values that were available several years ago, you may want to buy it. If the price is too high, just walk away.
As far as the Q7 that you are considering leasing as a replacement goes, Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 Premium with 10,000 miles per year are .00015 and 45%, respectively.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Audi is currently providing a $1,500 loyalty or $1,000 conquest incentive on leases of the '09 Q7. In addition to that, it is waiving the first month's payment on leases of this truck right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks very much for your reply. I already spoke to the bank and the dealer and since the mileage on the car is only 17k, nobody wants to negotiate.
The residual value for my car is 26,5k but the purchase price on the Used Vehicle pricing site is around 26,3k (dealer retail) and 24,6k (private party). I guess both prices are almost inline with the car residual value but I'm just afraid that a year from now, major issues with the car could come up that will make regret buying it.
Audi A6 is a great car but I'm a 6'2" man so the in and out of the car operation was such a pain so I was avoid using it most of the time and use my wife's car instead.
The Q7 new purchase offer sounds attractive. 3k loyalty incentive, first two month payments, 4.9% finance for 60 months and around 3k below MSRP.
Regards.
2009 Q7 3.6 with Premium Plus Package and Panoramic Sunroof
MSRP = 52,825
Invoice = 49,642
Sales Price = 48,825
In addition, Deal is putting in $1500 of loyalty cash-back as cap cost reduction
Lease 36 months w/ 10K miles / year
Audi Maintenance Pkg included
Money Factor = .00015
Residual = 45%
First payment paid by Audi Financial
And, dealer is paying the last two lease payments on current car ($1200 total)
No out-of-pocket money for down payments, etc.
Monthly payment = $725 per month including local taxes
The money factor is 0.0015 and not 0.00015 and it should make a big difference in the monthly payment.
Here's what I found based on your numbers:
MSRP = 52,825
Selling price = 48,825
Loyalty Incentive = 1,500
Residual Value = (52,825 * 45%) = 23,771.25
Leased portion = (47,325 - 23,771.25) = 23,553.75 /36 = 654.27
Money factor = (47,325 + 23,771.25) * 0.0015 (not 0.00015) = 106.65
Total monthly payment = $760.92
Taxes = ???
So I'm not sure why your payment is only $725 a month including taxes?