2015 Audi Q7 Lease Questions

135

Comments

  • dkalbsdkalbs Member Posts: 8
    Hi Michaell,

    That's correct, its $618/month with out tax and The Is the $618 you mentioned didnt include the Audiocare and the Excess/wear and tear fees.

    The audiocare was $24/month but they're giving it for $12 as I cant see the actual price online.

    Yes I live in NJ so I rolled the tax into my monthly payment which is the $667 with audicare n excess/wear warranty.  Is this still good or do you think I should still negotiate?
     I'm coming back this Monday to finalize

    thanks again
  • Audiq7buyerAudiq7buyer Member Posts: 2
    What are the MF and residuals for a 2015 Q7 TFSI (gasoline engine), Prestige trim, 48 month lease, 12,000 miles per year?

    Dealer is offering, on a MSRP of $69,360, to discount by $8,138 and then apply $2,000 in factory rebates for a net capitalized cost of $59,222. I would have to pay $2,500 in drive off payments (did not detail breakdown of the drive off payments, but would include lease fee, paperwork fee, title, etc and presumably some profit for them or a cap cost reduction for the leftover) with a MF of 0.00174 and a residual of 43% for a 48 month lease with 12000 miles per year. 8.00% tax rate in California. Monthly payment (inclusive of taxes) of $840.21.

    Based on my calcs, assuming the $2,500 does not go toward cap cost reduction, those inputs should arrive at a monthly payment of $828.77. Not sure why his numbers are higher than mine, unless he is using a different MF.

    Any sense of whether this is a good deal? Thank you for any feedback!
  • kyfdxkyfdx Moderator Posts: 262,068

    What are the MF and residuals for a 2015 Q7 TFSI (gasoline engine), Prestige trim, 48 month lease, 12,000 miles per year?

    Dealer is offering, on a MSRP of $69,360, to discount by $8,138 and then apply $2,000 in factory rebates for a net capitalized cost of $59,222. I would have to pay $2,500 in drive off payments (did not detail breakdown of the drive off payments, but would include lease fee, paperwork fee, title, etc and presumably some profit for them or a cap cost reduction for the leftover) with a MF of 0.00174 and a residual of 43% for a 48 month lease with 12000 miles per year. 8.00% tax rate in California. Monthly payment (inclusive of taxes) of $840.21.

    Based on my calcs, assuming the $2,500 does not go toward cap cost reduction, those inputs should arrive at a monthly payment of $828.77. Not sure why his numbers are higher than mine, unless he is using a different MF.

    Any sense of whether this is a good deal? Thank you for any feedback!

    Your calculations are correct, but that's only off by $12/mo. We are just guessing on whether the $2500 covers everything, or if there is CAP reduction left over. Unless they break it down, you really won't know for sure. But, that's only $550 total. Get an exact breakdown of the numbers and the answer will probably be apparent.

    I'll note that the 42 month MF is .00131 and 46% residual. If you want the shorter term, it only adds about $2/mo. to the payment.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Audiq7buyerAudiq7buyer Member Posts: 2
    I figured out the difference. The dealer was adding $595 to the capitalized cost for a LoJack add on. I found out that this is an add on that you can opt out of by just checking a box in the finance office. The sales guys will tell you that you can't take the LoJack out which is true but you can opt out of activating it.
  • kyfdxkyfdx Moderator Posts: 262,068

    I figured out the difference. The dealer was adding $595 to the capitalized cost for a LoJack add on. I found out that this is an add on that you can opt out of by just checking a box in the finance office. The sales guys will tell you that you can't take the LoJack out which is true but you can opt out of activating it.

    It pays to be vigilant.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MichaellMichaell Moderator Posts: 259,878
    dkalbs said:

    Hi Michaell,

    That's correct, its $618/month with out tax and The Is the $618 you mentioned didnt include the Audiocare and the Excess/wear and tear fees.

    The audiocare was $24/month but they're giving it for $12 as I cant see the actual price online.

    Yes I live in NJ so I rolled the tax into my monthly payment which is the $667 with audicare n excess/wear warranty.  Is this still good or do you think I should still negotiate?
     I'm coming back this Monday to finalize

    thanks again

    My response may be too late, but the deal seems pretty solid now that I know you are adding tax to the cap cost.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • radicalforce1radicalforce1 Member Posts: 10
    edited October 2015
    Hi,

    Received this quote. Please share your thoughts. Dealer in NJ

    2015 Q7 Premium plus - MSRP -$58775
    Selling Price - $52000
    12K/36 months

    Down Payment - $0
    Title & Registration - $391
    Doc Fee - $399
    MF - 0.00131
    Residual - 54%
    Tax Rate - 7%

    Monthly payment initially quoted - $760

    I asked for a one time lease payment quote. Was initially offered $25832 but then negotiated that to $24700 (including tax, doc fee, title and registration and all payments)

    Please advise.
  • kyfdxkyfdx Moderator Posts: 262,068

    Hi,

    Received this quote. Please share your thoughts. Dealer in NJ

    2015 Q7 Premium plus - MSRP -$58775
    Selling Price - $52000
    12K/36 months

    Down Payment - $0
    Title & Registration - $391
    Doc Fee - $399
    MF - 0.00131
    Residual - 54%
    Tax Rate - 7%

    Monthly payment initially quoted - $760

    I asked for a one time lease payment quote. Was initially offered $25832 but then negotiated that to $24700 (including tax, doc fee, title and registration and all payments)

    Please advise.

    Gas? .00079 MF and 54% residual.

    Pretty big markup on the money factor.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • radicalforce1radicalforce1 Member Posts: 10
    Thanks Kyfdx. Is the MF on Q7 0.00079? Wasn't it 0.0031 in September? Thanks. 
  • markderekmarkderek Member Posts: 28
    Hello,

    I'm about to begin negotiating a lease on a 2015 Audi Q7 3.0T Premium Plus (Tiptronic) in Maryland. Looking for the latest MF and Residual for a 36 month/15k deal. Can you help?

    Thanks.
  • kyfdxkyfdx Moderator Posts: 262,068

    Thanks Kyfdx. Is the MF on Q7 0.00079? Wasn't it 0.0031 in September? Thanks. 

    Yes.. and no. it was higher in September

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Moderator Posts: 262,068
    markderek said:

    Hello,

    I'm about to begin negotiating a lease on a 2015 Audi Q7 3.0T Premium Plus (Tiptronic) in Maryland. Looking for the latest MF and Residual for a 36 month/15k deal. Can you help?

    Thanks.

    .00079 MF and 52% residual

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • markderekmarkderek Member Posts: 28
    Thanks @kyfdx. Appreciate the info.
  • radicalforce1radicalforce1 Member Posts: 10
    Thanks kyfdx. Could you please help me calculate payment both monthly and one time lease?

    2015 Q7 Premium plus - MSRP -$58775
    Selling Price - $52000
    12K/36 months

    Down Payment - $0
    Title & Registration - $391
    Doc Fee - $399
    Tax Rate - 7%

    Thanks!
  • kyfdxkyfdx Moderator Posts: 262,068
    edited October 2015

    Thanks kyfdx. Could you please help me calculate payment both monthly and one time lease?

    2015 Q7 Premium plus - MSRP -$58775
    Selling Price - $52000
    12K/36 months

    Down Payment - $0
    Title & Registration - $391
    Doc Fee - $399
    Tax Rate - 7%

    Thanks!

    .00079 MF and 54% residual
    $629/mo.+tax.

    With just first payment and title/registration upfront, about $707/mo. including tax.

    New Jersey, right?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • wolfsburg2wolfsburg2 Member Posts: 3
    Can someone please post the MF/Residuals for 36/36k for the Q7 TDI Premium Plus?

    Also, I believe there is an $1850 option package credit for the warm weather plus package. Is there an additional incentive for the premium plus? I believe the dealer mentioned an additional $2k credit.

    Thanks!
  • MichaellMichaell Moderator Posts: 259,878

    Can someone please post the MF/Residuals for 36/36k for the Q7 TDI Premium Plus?

    Also, I believe there is an $1850 option package credit for the warm weather plus package. Is there an additional incentive for the premium plus? I believe the dealer mentioned an additional $2k credit.

    Thanks!

    2015 Q7 TDI Premium Plus 36/12 - .00090 and 55%

    No information on incentives.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • pcullen1pcullen1 Member Posts: 41
    kyfdx, could I get the October numbers for a 3.0T Q7 Premium Plus and S-Line? 36/12 and 42/12. Also, do you know what the dealer incentives are? I know there are tons since they are trying to move these before the '16/'17s arrive in January(ish).

    Thank you
  • pcullen1pcullen1 Member Posts: 41
    Sorry, didn't see the last comment about incentives...
  • MichaellMichaell Moderator Posts: 259,878
    pcullen1 said:

    kyfdx, could I get the October numbers for a 3.0T Q7 Premium Plus and S-Line? 36/12 and 42/12. Also, do you know what the dealer incentives are? I know there are tons since they are trying to move these before the '16/'17s arrive in January(ish).

    Thank you

    2015 Q7 3.0T Premium Plus:

    36/12 - .00079 and 54%
    42/12 - .00099 and 50%

    No specific S-Line numbers

    No incentives that we see - use the "Car Research" tab at the top of the page to link to Edmunds' incentive information.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • pcullen1pcullen1 Member Posts: 41
    Michaell said:

    pcullen1 said:

    kyfdx, could I get the October numbers for a 3.0T Q7 Premium Plus and S-Line? 36/12 and 42/12. Also, do you know what the dealer incentives are? I know there are tons since they are trying to move these before the '16/'17s arrive in January(ish).

    Thank you

    2015 Q7 3.0T Premium Plus:

    36/12 - .00079 and 54%
    42/12 - .00099 and 50%

    No specific S-Line numbers

    No incentives that we see - use the "Car Research" tab at the top of the page to link to Edmunds' incentive information.
    How much does residual drop for Prestige?

    thank you.
  • pcullen1pcullen1 Member Posts: 41
    Michaell said:

    pcullen1 said:

    kyfdx, could I get the October numbers for a 3.0T Q7 Premium Plus and S-Line? 36/12 and 42/12. Also, do you know what the dealer incentives are? I know there are tons since they are trying to move these before the '16/'17s arrive in January(ish).

    Thank you

    2015 Q7 3.0T Premium Plus:

    36/12 - .00079 and 54%
    42/12 - .00099 and 50%

    No specific S-Line numbers

    No incentives that we see - use the "Car Research" tab at the top of the page to link to Edmunds' incentive information.
    Thank you.

    What about Prestige? Rather than S-Line.
  • MichaellMichaell Moderator Posts: 259,878
    pcullen1 said:

    Michaell said:

    pcullen1 said:

    kyfdx, could I get the October numbers for a 3.0T Q7 Premium Plus and S-Line? 36/12 and 42/12. Also, do you know what the dealer incentives are? I know there are tons since they are trying to move these before the '16/'17s arrive in January(ish).

    Thank you

    2015 Q7 3.0T Premium Plus:

    36/12 - .00079 and 54%
    42/12 - .00099 and 50%

    No specific S-Line numbers

    No incentives that we see - use the "Car Research" tab at the top of the page to link to Edmunds' incentive information.
    Thank you.

    What about Prestige? Rather than S-Line.
    Prestige residual is 5% lower than Premium Plus

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • yarman26yarman26 Member Posts: 3
    I am being given a MF of .00106 for 2015 Q7 premium plus for 12k/36months.  How did you get .00079? Is there anyway I can prove this to the dealership?  This is in NJ
  • MichaellMichaell Moderator Posts: 259,878
    yarman26 said:

    I am being given a MF of .00106 for 2015 Q7 premium plus for 12k/36months.  How did you get .00079? Is there anyway I can prove this to the dealership?  This is in NJ

    Be polite and tell them you won't sign a deal with an inflated MF. They know what the base rate is; no need to negotiate it with them.

    And, reach out to several Audi dealers - it only takes one to make a deal on your terms.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • yarman26yarman26 Member Posts: 3
    Michaell said:
    I am being given a MF of .00106 for 2015 Q7 premium plus for 12k/36months.  How did you get .00079? Is there anyway I can prove this to the dealership?  This is in NJ
    Be polite and tell them you won't sign a deal with an inflated MF. They know what the base rate is; no need to negotiate it with them. And, reach out to several Audi dealers - it only takes one to make a deal on your terms.
    Thanks Michaell! Great info for ppl like me who are 1st time leasers 
  • fynride1fynride1 Member Posts: 17
    Can anyone confirm MSDs for Audi (looking for total number permitted and effect of each). I believe I read .00008 per MSD up to a total of 10.

    Also, what would be a fair price to expect a '15 Q7 Prestige S-line (MSRP $70,130). Looking to lease 36/10 or 36/12.
  • kyfdxkyfdx Moderator Posts: 262,068
    fynride1 said:

    Can anyone confirm MSDs for Audi (looking for total number permitted and effect of each). I believe I read .00008 per MSD up to a total of 10.

    Also, what would be a fair price to expect a '15 Q7 Prestige S-line (MSRP $70,130). Looking to lease 36/10 or 36/12.

    Not sure of the Audi MSD program, but I don't think it's that generous. (maybe 10 X .00005?)

    .00059 MF and 50%/49% residual

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MichaellMichaell Moderator Posts: 259,878
    I think the Audi MSD program allows 9 @ .00005 each.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • flokofjaklzflokofjaklz Member Posts: 27
    Good morning. Can I get the residual and money factors for a 2015 Q7 Premium Plus with 36/12 and 39/12? Thank you in advance for the info!
  • flokofjaklzflokofjaklz Member Posts: 27
    It is a 3.0T
  • MichaellMichaell Moderator Posts: 259,878

    Good morning. Can I get the residual and money factors for a 2015 Q7 Premium Plus with 36/12 and 39/12? Thank you in advance for the info!

    It is a 3.0T

    36/12 - .00079 and 54%
    39/12 - .00099 and 52%

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • flokofjaklzflokofjaklz Member Posts: 27
    Thank you!!!!
  • fynride1fynride1 Member Posts: 17
    Thanks... I was quoted 5% off MSRP. And mf of .00081 and 47% residual for 39/12. Not a good deal in my eyes.
  • kyfdxkyfdx Moderator Posts: 262,068
    fynride1 said:

    Thanks... I was quoted 5% off MSRP. And mf of .00081 and 47% residual for 39/12. Not a good deal in my eyes.

    Sounds like they were quoting a Prestige model.

    39 months is not the best term for Audi... better off with 36 or 42

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • carmaster1carmaster1 Member Posts: 68
    Can I get MF and residual value (nov) on a premium plus 3.0T in Texas please?
  • carmaster1carmaster1 Member Posts: 68
    I've been quoted $660/mo (12k/36mo) before tax in Texas. MSRP $60170, selling price $49900, cap cost -? MF- ? Premium plus 3.0T, off-road pkg, warm weather pkg. first payment down. Not sure if it's a good deal. Help
  • MichaellMichaell Moderator Posts: 259,878
    I've been quoted $660/mo (12k/36mo) before tax in Texas. MSRP $60170, selling price $49900, cap cost -? MF- ? Premium plus 3.0T, off-road pkg, warm weather pkg. first payment down. Not sure if it's a good deal. Help
    .00079 and 54% for 36/12. We would need to know the cap Cost in order to model the payment. Texas applies sales tax to the entire selling price of the vehicle, which makes leases pretty expensive 

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jgarveyatljgarveyatl Member Posts: 10
    Is Audi offering any incentives/rebates on the 2015 MY Q7 lease deal shown here? I understand they are skipping the 2016 MY for 2017. Also, what would the MF be for a 730 FICO (is this A tier)?

    Model: 2015 Q7 Premium
    Lease: 36 month/10K mi/yr
    Purchase price: $50,867
    Downpyt: $4,099 (includes 1st mo pyt $499 and $695 acq. fee)
    Mo. lease pyt: $499
    Total payments: $17,964 ($499 * 36)
    Purchase option: $28,014 (55%)
    Includes $500 bonus cash

    Did I calculate the straight line depreciation correctly below?
    $50,867 - $500 bonus - $2,905 deposit) - $28,014 residual = $19,448
    $19,448 / 36 mo = $540.22 (but lease deal is $499/month)

  • MichaellMichaell Moderator Posts: 259,878

    Is Audi offering any incentives/rebates on the 2015 MY Q7 lease deal shown here? I understand they are skipping the 2016 MY for 2017. Also, what would the MF be for a 730 FICO (is this A tier)?

    Model: 2015 Q7 Premium
    Lease: 36 month/10K mi/yr
    Purchase price: $50,867
    Downpyt: $4,099 (includes 1st mo pyt $499 and $695 acq. fee)
    Mo. lease pyt: $499
    Total payments: $17,964 ($499 * 36)
    Purchase option: $28,014 (55%)
    Includes $500 bonus cash

    Did I calculate the straight line depreciation correctly below?
    $50,867 - $500 bonus - $2,905 deposit) - $28,014 residual = $19,448
    $19,448 / 36 mo = $540.22 (but lease deal is $499/month)

    I figure MSRP at $50,934 - is your purchase price inclusive of sales tax?

    Need to know the net cap cost (negotiated price + taxes & fees - down payment) in order to model the payment.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jgarveyatljgarveyatl Member Posts: 10
    Thanks @Michaell I have 2 quotes, 10K and 12K miles, both 36 month. See details below:

    MSRP: $59,455
    Discount: ($4,600)
    GA Tax: $3,211.63
    Title: $139
    Doc: $599
    Lease fee $699
    Rebate: ($500)
    Total: $59,592.63

    10K miles/36 months:
    Downpyt: $860 (assuming this is 1st month payment)
    Monthly: $860

    12K miles/36 months
    Downpyt: $876
    Monthly: $876

  • MichaellMichaell Moderator Posts: 259,878

    Thanks @Michaell I have 2 quotes, 10K and 12K miles, both 36 month. See details below:

    MSRP: $59,455
    Discount: ($4,600)
    GA Tax: $3,211.63
    Title: $139
    Doc: $599
    Lease fee $699
    Rebate: ($500)
    Total: $59,592.63

    10K miles/36 months:
    Downpyt: $860 (assuming this is 1st month payment)
    Monthly: $860

    12K miles/36 months
    Downpyt: $876
    Monthly: $876

    Hmmm ... using the Audi Finance numbers of .00079 and 55% for 36/12, I get $819.93/mo.

    36/10 residual is 56%, and the payment is $803.89.

    I would confirm that the net cap cost is equal to the $59,593 above - if not, have the dealer explain what else has been added.

    Or, the MF is marked up on you.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jgarveyatljgarveyatl Member Posts: 10
    @Michaell are there any additional incentives offered by Audi on the Q7's (in addition to the $500/$100 on Premium+/Prestige models)? I don't own an Audi so I can't take advantage of the Customer Loyalty rebate.
  • MichaellMichaell Moderator Posts: 259,878

    @Michaell are there any additional incentives offered by Audi on the Q7's (in addition to the $500/$100 on Premium+/Prestige models)? I don't own an Audi so I can't take advantage of the Customer Loyalty rebate.

    I don't have that information .. use the "car research" tab at the top of the page to link to the Edmunds info.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • c300miamic300miami Member Posts: 21
    Hi, in the market for another car, this time the Q7. Credit is 795 so A tier. The deal advertised in Miami (sales tax 6.5%) is:

    MSRP $49,600
    $4160 total due at signing including tax
    7500 miles per year
    36 months
    $479/month

    This is on the Premium model, so i need your help:

    1. What is the MF and residual for the Premium model?
    2. What is the MF and residual for the Premium Plus model?
    3. What is the MF and residual for the S-Line Prestige model?

    Going shopping tomorrow so any response is highly appreciated!
  • c300miamic300miami Member Posts: 21
    Michaell said:



    I've been quoted $660/mo (12k/36mo) before tax in Texas. MSRP $60170, selling price $49900, cap cost -? MF- ? Premium plus 3.0T, off-road pkg, warm weather pkg. first payment down. Not sure if it's a good deal. Help

    .00079 and 54% for 36/12. We would need to know the cap Cost in order to model the payment. Texas applies sales tax to the entire selling price of the vehicle, which makes leases pretty expensive 

    WOW which dealer in Texas discounted the Q7 over $10K?
  • kyfdxkyfdx Moderator Posts: 262,068
    c300miami said:

    Hi, in the market for another car, this time the Q7. Credit is 795 so A tier. The deal advertised in Miami (sales tax 6.5%) is:

    MSRP $49,600
    $4160 total due at signing including tax
    7500 miles per year
    36 months
    $479/month

    This is on the Premium model, so i need your help:

    1. What is the MF and residual for the Premium model?
    2. What is the MF and residual for the Premium Plus model?
    3. What is the MF and residual for the S-Line Prestige model?

    Going shopping tomorrow so any response is highly appreciated!

    .00079 MF and 57%/56%/51% residual.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • steves7steves7 Member Posts: 2
    Hi. I just received the following quote for a 2015 Premium Plus Q7. Trying to figure out if it's a good deal - I forgot to ask about the money factor (they said it was not marked up) and the residual.

    MSRP: $57,370
    Disc: ($4,500)
    Rebate: ($500)
    Adjusted Price: $52,370
    12,000 miles/year

    36 months $756/month
    42 months $733/month

    I'd prefer 42 months, but don't know which is a better deal.

    Thanks.
  • kyfdxkyfdx Moderator Posts: 262,068
    steves7 said:

    Hi. I just received the following quote for a 2015 Premium Plus Q7. Trying to figure out if it's a good deal - I forgot to ask about the money factor (they said it was not marked up) and the residual.

    MSRP: $57,370
    Disc: ($4,500)
    Rebate: ($500)
    Adjusted Price: $52,370
    12,000 miles/year

    36 months $756/month
    42 months $733/month

    I'd prefer 42 months, but don't know which is a better deal.

    Thanks.

    .00079 MF and 54% residual for 36/12
    .00099 MF and 50% residual for 42/12

    36: $660/mo.+tax
    42: $644.mo.+tax

    Of course, we don't have any allowances for acquisition fees, taxes, or what amount is due at signing. You need those details to see if they are marking anything up. Or, you could ask them to disclose the money factor they are using.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • gjpereragjperera Member Posts: 2
    Great discussion and timely. I am in the market for a lease myself and I am being offered the following terms:

    Q7 Premium Plus
    >MSRP $58,105
    >Sale Price $54,039
    >39 Mos lease/15k
    >MF 0.00149
    >Residual 50%
    >lease is $764.95 per month plus tax
    >$2500 down at signing includes start up fees, first payment, and registration fees

    Based on the MF seen here this appears high...no? Credit scores 795 highest and 757 the lowest with transition. Any suggestions/comments much appreciated. Thanks.
Sign In or Register to comment.