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Audi Q7 Lease Questions
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Do you know why dealers claiming that they have only few Q7s in stock?
Is it true that it is in high demand? is it hard to believe with this economy
Car_man
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Mercedes and BMW have better programs and incentives.
Their rates are telling me that they are not interested to sell their cars. I drive 07 model and I like the car but not in the position to jump from $570/month to $800. What are they smoking? Are they in the survival mode? This is my 3rd leased Audi and I do not have a choice other then to switch to Mercedes or BMW.
I do believe in what you just mentioned Q7s are NOT in high demand their production was slashed
Simple example this Q7 forum is NOT moving as it used to.
Can a vehicle be leased through different bank other then AFS?
I think they gave away the cars the last 2 years to get the business.
I've owned more than 25 Mercedes and BMW etc - never thought I would get an Audi.
My Mercedes lease came up and I was going to get the GL series. My next door neightbor happned to have a Q7. The only Audi in our neugborhood of ancy cars.
I went to Audi and got a great deal $630 a month - 15K a year audi care no $$$ down for a $55K car. The MF was .00006 plus heavy discount. The same deal for the Mercedes ML would be around $800 Plus. So I decided to give Audi a try.
Guess what - When I oull up to pick up my daughter from school - there are 5 Black Q7 and 1 white 1 silver back to back. It remind me of the Audi Q5 commercail.
Anyway - within 4 miles radius of my house - I would see at least 3-5 black Audi running around on any given time.
The point is they gave away the lease to get the business and now they have it - they are not lowering the price.
My lease is up within 12 months. I like the Q7 but would not pay $800 vs $630. I definitely will replace with a Mercedes again
Question: Why Mercedes financial rates are much lower compare to Audi??
MBW offers $4500 insensitive on their X5 model. I'm sure I'm missing something but what??
alakrsfan,
Also there is another option at least for me. Not sure if I should keep/finance my Q7 07. I have low millage of 14k and my lease is up in December
Also, Hope to see better rates in this month.
Car_man,
any good news on 36m 10k 2010 Q7 prim plus 3.6 L ?
About to lease a 2010 3.6 s-line and need the lease rates, resid and MF, for 36 and 42 month, 15k per year.
Much thanks.
Snow26
Could you confirm whether this is correct for a 42 mth lease of a 2010 Q7, 3.6 premium plus, 47% residual, .00183 MF?
Many thanks,
Eric
It seems like there are a lot of people who are nearing the end of their original Q7 leases. I bought one in March of 2007 (36 month lease, 12K/year) and got what I thought was a solid deal (no money down, $630/month, Audi Care included, on a $57K 3.6 premium with all the gadgets). The residual value is $31K.
Does AFS move at all on the residual? I would pay $25K for it.
How strict are then on the returns? Tires, brakes, small nicks, etc.
I am worried as I have 5 mm left on the brakes and don't want them to wear out as I am told they are VERY expensive to replace. I did find front brake pads online for $65 for a pair which would be a bit less than the $1200 the dealer wants for them (I won't be putting new rotors on if I were to return it.
Any insight would be great.
Audi is scheduled to introduce its new January programs on the 6th. Please feel free to check back with me then and I'll gladly give you an update.
Car_man
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Please feel free to check back with me later this week for an update on what Audi's new January programs are like.
Car_man
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The pad is around $65 x4 plus 4 sensors and labor. Around $450 is the total.
Also, the car has condensation in the lights. dealer say that is normal???
Thanks.
I think my situation is similar to yours...my Q7 lease ends on 3/31 and with the '10 model lease rates so unattractive coupled with the low residual value on my Q7, it make sense to buy the Q7 and hang on to it for awhile. My miles are low (21K) and I have audicare, so other than the inevitable brake/rotor replacement sometime soon as well as tires, my cost to own looks to be better than I could get on any other vehicle.
Car_man
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Do you happen to know if Audi's January rates are still the same for February? And, what they would be for 20k/year?
I am debating between the Enclave and the Q7.
Thank you.
15,000 miles per year is the highest mileage allowance that AFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
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If i walk into an Audi dealership tomorrow and I tell them I want .00175 and 49% for 15,000 miles how do I justify it? I'm looking at a 2010 Q7 TDI though. I saw 45% and .0027x I think. I like your numbers but I'm not sure what I'd be justifying it with when I go in.
Thanks!
Dan
I think I need to clarify my request -
Looking for 2010 Audi Q7 TDI Prestige lease MF, residual (15K miles). I'll probably get Audicare - I think that adjusts the residual.
What is common practice for dealerships to mark up the money factor? If AFS is offering it at .00175, what would be a reasonable mark up by the dealer - if any?
Thanks!
Dan
Audi Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 Q7 TDI Premium with 15,000 miles per year are .00192 and 50%, respectively for consumers who qualify for its top credit tier.
This factor is still way better than the .00270 that you were quoted. You definitely should shop around or negotiate more with this dealer until they are willing to use the more reasonable factor that I mentioned.
Car_man
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When I lease I refuse to allow dealers to mark up my car's money factor. When I don't buy through employee or supplier purchase programs, I shoot for $500 or so over invoice and no factor mark-up. This will work on some vehicles, but not all. I never fall completely in love with any one model. There's tons of great vehicles out there. If I can't get an amazing deal on one vehicle, I will switch to a comparable one that I can get a deal on.
Car_man
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How do you get rates directly from AFS- when called them they said I must go through a dealer....my dealer who gave me 00214 said it wasn't marked up and showed me his sheet from AFS but it looks like it was???
I believe that Audi Financial Services' March standard buy rate lease money factor for Q7 TDI models is around .00192 for 36 months.
Car_man
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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 vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.
Car_man
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I signed a contract but the dealer offered to provide a lease with no mark up and match the rate if it drops between now and when the car is delivered. I signed at end of Feb at .214 and it seems people are quoting .192 so if thats the case wanted to check-in with my dealer but Audi is so opaque with the rates and wont confirm what their current rate is so no way for me to check if the rate improved from Fed to march....anyone know?
AUDI'S OFFER W/ 0 DOWN, JUST 1ST MO AND PLATES:
Term: 42 Months 12,000 MILES/YR
Payment: $874.60
Purchase Option: $23,526.25
MSRP: $53,725.00
Sale Price: $51,717.00
Money Factor: .00190 or 4.56%
Total Drive Off: $1,052.10
or BUICK'S $49,000 ROUGHLY SALE PRICE 12K MILES/YR
-$2850 REBATES
48 MO LEASE -- 0 DOWN , JUST 1ST MO AND PLATES
$787/MO --- SAYS SHOULD GO DOWN BY DATE NEEDED
The numbers for an otherwise identical 42 month lease are .00190 and I believe 46%.
Car_man
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Car_man
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Now let's look at this vehicle's selling price. The dealer invoice price of a 2010 Q7 3.6 Premium Plus is $50,022. That means that the price that you were quoted is $1,695 over invoice. That's not terrible, but if you are in an area that has a decent level of competition, I would not be surprised if you were able to beat this offer by several hundred dollars.
Car_man
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Car_man
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Please fill me in on the following lease rates for a 2010 Audi Q7 Premium Plus, based on 15,000 month and 36 or 42 month terms. Thank you
The numbers for an otherwise identical 42 month lease are .00171 and 41%.
Car_man
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Car_man
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How about the same as above, but for 15,000 miles?
Thanks!
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Do you have any information on the current rates for 2011 models? Delivery won't be for a couple months, but the MF I was given today seemed a little high. It is for a 2011 Q7 TDI Prestige 15K miles 36 months. Thank you very much.
This program is fairly irrelevant though because Audi's program for this truck will likely be very different several months from now.
Car_man
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I realize the MF will change, but I wanted to get a calibration point. I was told the MF would be 0.00269, which seemed high. I believe you have confirmed my suspicion. The residual is the same. Thank you very much.