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Residual and MF numbers for 2018 Audi Q7?

markcav1markcav1 Posts: 6
edited January 14 in Audi
Hi-

Can someone please provide me with the Residual and MF numbers on a 2018 Audi Q7 Prestige at 36 months and 12,000 miles per year.

Thank you and Happy New Year!
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Comments

  • kyfdxkyfdx Posts: 82,801
    markcav1 said:

    Hi-

    Can someone please provide me with the Residual and MF numbers on a 2018 Audi Q7 Prestige at 36 months and 12,000 miles per year.

    Thank you and Happy New Year!

    .00184 MF and 56% residual

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  • Thank you so much. Happy New Year!
  • markcav1markcav1 Posts: 6
    Hi Michael- 

    Can you please give the Residual and MF figures for the Audi Q7 Prestige (36 @ 12,000) for Januar7 2018.. 

    Also- I had a salesman tell me the following regarding his dealership and the MF. Can you please give me your opinion on this:

    “I probably should have explained the MF a bit better so I apologize for that. All dealers mark up the MF by a margin set by the manufacturer. Usually with Audi that margin shouldn't exceed .00125 markup. Our company policy is .00100 markup. That is how we make money on leased vehicles. You would be getting .00050 markup. I'm just being honest with you about it. No dealer is going to lose money discounting a car and then not make any money on the finance side.”

    Thanks Michael—
  • MichaellMichaell ColoradoPosts: 75,904
    markcav1 said:

    Hi Michael- 

    Can you please give the Residual and MF figures for the Audi Q7 Prestige (36 @ 12,000) for Januar7 2018.. 

    Also- I had a salesman tell me the following regarding his dealership and the MF. Can you please give me your opinion on this:

    “I probably should have explained the MF a bit better so I apologize for that. All dealers mark up the MF by a margin set by the manufacturer. Usually with Audi that margin shouldn't exceed .00125 markup. Our company policy is .00100 markup. That is how we make money on leased vehicles. You would be getting .00050 markup. I'm just being honest with you about it. No dealer is going to lose money discounting a car and then not make any money on the finance side.”

    Thanks Michael—

    .00187 and 55%

    "All dealers?" Um, no.

    Lots of folks lease Audi's with the base MF. Expand your search area; it only takes one to meet your numbers.

    That said, dealers are becoming more savvy on lease negotiations - you can either get a big discount in price but an inflated MF, or the base MF and a smaller discount.

    You'll have to run the numbers both ways, to see which results in the better deal.

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  • markcav1markcav1 Posts: 6
    Thank you Michael!
  • Looking at 2018 Audi Q7 Prestige. Dallas-Fort Worth area. Can you please provide current MF rates and residuals for 36 months and 48 months on a 10k/yr lease? TIA.
  • MichaellMichaell ColoradoPosts: 75,904
    tx_oilman said:

    Looking at 2018 Audi Q7 Prestige. Dallas-Fort Worth area. Can you please provide current MF rates and residuals for 36 months and 48 months on a 10k/yr lease? TIA.

    36/10 - .00187 and 56%
    48/10 - .00249 and 49%

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  • socalkpksocalkpk Posts: 17
    Hi, could someone please provide the MF and Residual in Southern California for a 2018 Audi Q7 Premium 2.0? I'm looking for:

    12K miles / 36 months
    12K miles / 42 months

    THANK YOU!
  • kyfdxkyfdx Posts: 82,801
    socalkpk said:

    Hi, could someone please provide the MF and Residual in Southern California for a 2018 Audi Q7 Premium 2.0? I'm looking for:

    12K miles / 36 months
    12K miles / 42 months

    THANK YOU!

    Already asked and answered, here:
    https://forums.edmunds.com/discussion/comment/5447867#Comment_5447867

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  • Hi could someone please prove me with the MF and Residual for a 2018 Q7 Prestige with a 30 month / 20k miles - in Houston 77379? Thx
  • MichaellMichaell ColoradoPosts: 75,904
    cmrusnak said:

    Hi could someone please prove me with the MF and Residual for a 2018 Q7 Prestige with a 30 month / 20k miles - in Houston 77379? Thx

    We don't have residuals for anything higher than 15,000 miles - you should check with your dealer on how the extra miles affect the residual.

    .00187 and 56% for 30/15
    $1000 loyalty

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  • Thanks- first-time lessor!
  • Hi, new to the forum and first time lessor - can you provide me the mf and residuals for a 2018 Audi q7 premium plus. Deal I currently have is below. This is for Boise

    10k miles - 36 month lease (Boise)

    6% off MSRP (feel like there is more to give on price)
    MSRP is $62,050; sale price is $58327
    Fees are $1,208
    59% residual
    0.00205 money factor (4.92% interest rate)

    Also, are the fees negotiable?
    $313 doc fee
    $895 acquisition fee

    finally, we are trading in a vehicle and have about $12 or $13k to apply against the lease. I read somewhere not to put in such a large down payment to reduce lease payments (you lose your down payment in the event the car is totaled). Any advice would be welcome - thank you!
  • kyfdxkyfdx Posts: 82,801
    jitterboy said:

    Hi, new to the forum and first time lessor - can you provide me the mf and residuals for a 2018 Audi q7 premium plus. Deal I currently have is below. This is for Boise

    10k miles - 36 month lease (Boise)

    6% off MSRP (feel like there is more to give on price)
    MSRP is $62,050; sale price is $58327
    Fees are $1,208
    59% residual
    0.00205 money factor (4.92% interest rate)

    Also, are the fees negotiable?
    $313 doc fee
    $895 acquisition fee

    finally, we are trading in a vehicle and have about $12 or $13k to apply against the lease. I read somewhere not to put in such a large down payment to reduce lease payments (you lose your down payment in the event the car is totaled). Any advice would be welcome - thank you!

    2.0?

    .00185 MF and 59% residual
    Looks like they've marked up your money factor a little.
    $895 AFS acquisition fee is fixed.
    You can negotiate a dealer's doc fee, but it's easier to just negotiate a little more off the price, to make up for it. Is the $313 all doc fee, or does that include the state fees (title/registration, etc)?
    6% off an Audi is usually pretty good.

    What is the quoted payment?
    Tax rate?

    No, I would have them cut you a check for the balance of your trade, after paying for first payment and dealer/DMV fees.

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  • Thank you. Yes, it is a 2.0 premium plus Q7
    Trade in is worth $12,675, so after subtracting out 1st month payment, cap cost reduction is $12,205
    Adjusted cap cost is $58,327 (selling price) + $1,208 (fees) - $12,205 = $47,330 (had them quote assuming trade in goes towards reducing cap cost)
    tax rate 6%
    Monthly payments - $469.87 (pre tax) and $498.06 (post tax) which is quite affordable for my wife but I take your point about having them just cut us a check

  • 2 last questions, does the lease agreement cover gap insurance? Also, is audicare worth it and how much would it add to cost? Thank you again!
  • kyfdxkyfdx Posts: 82,801
    jitterboy said:

    2 last questions, does the lease agreement cover gap insurance? Also, is audicare worth it and how much would it add to cost? Thank you again!

    The lease includes GAP, but GAP won't protect your downpayment, only the payoff of the lease. So, in the case of making a big, big downpayment, GAP insurance has no value. If you make no CAP cost reduction, you are protected by GAP, in case a total insurance settlement doesn't cover the lease payoff.

    AudiCare is worth it. It's $959 on an Q7, but it increases the residual by 1%, effectively cutting the price by $620 to $339. $10/mo. to maintain an Audi is dirt cheap.

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  • kyfdxkyfdx Posts: 82,801
    jitterboy said:

    Thank you. Yes, it is a 2.0 premium plus Q7
    Trade in is worth $12,675, so after subtracting out 1st month payment, cap cost reduction is $12,205
    Adjusted cap cost is $58,327 (selling price) + $1,208 (fees) - $12,205 = $47,330 (had them quote assuming trade in goes towards reducing cap cost)
    tax rate 6%
    Monthly payments - $469.87 (pre tax) and $498.06 (post tax) which is quite affordable for my wife but I take your point about having them just cut us a check

    Put the money in the bank, and use it to supplement the payments, each month.

    Also, it will be a nice reminder of exactly how much you are spending to lease the Audi. ;)

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  • 1. Hello, may I please get MF & residual for a Q7 2.0 P+ in Portland,Oregon ? I'd like 7.5k miles as well as 10k miles

    2. Also do you think this is a good deal and somehow for 7500 miles
    MSRP : 56,650 Lease Price - $51,855 , Audi Care : $869 ., Sale Tax : 259.27 & Title/DMV Fee : $481. So total is $53464.27 . MF they mentioned is 0.00185 . Residual : $34546. But somehow they are saying if I put $4500 down - the payment will be $599.month. But based on my calculation it should be $555/month.

    3. What am I doing wrong here ?
    4. Also do we need Audi care in a lease ?
  • kyfdxkyfdx Posts: 82,801
    roxyj1812 said:

    1. Hello, may I please get MF & residual for a Q7 2.0 P+ in Portland,Oregon ? I'd like 7.5k miles as well as 10k miles

    2. Also do you think this is a good deal and somehow for 7500 miles
    MSRP : 56,650 Lease Price - $51,855 , Audi Care : $869 ., Sale Tax : 259.27 & Title/DMV Fee : $481. So total is $53464.27 . MF they mentioned is 0.00185 . Residual : $34546. But somehow they are saying if I put $4500 down - the payment will be $599.month. But based on my calculation it should be $555/month.

    3. What am I doing wrong here ?
    4. Also do we need Audi care in a lease ?

    Hi roxyj1812

    I think we already answered your question, here:
    https://forums.edmunds.com/discussion/comment/5463631/#Comment_5463631

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  • spartanpf9spartanpf9 Posts: 4
    Hi, could you please provide the MF and residual for 2018 Audi Q7 Premium Plus? 36 months, 10k miles in Illinois. 

    THANK YOU!
  • kyfdxkyfdx Posts: 82,801

    Hi, could you please provide the MF and residual for 2018 Audi Q7 Premium Plus? 36 months, 10k miles in Illinois. 

    THANK YOU!

    2.0 or 3.0?

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  • spartanpf9spartanpf9 Posts: 4
    3.0, approx msrp is 62,275. 
    Thank you
  • MichaellMichaell ColoradoPosts: 75,904

    Hi, could you please provide the MF and residual for 2018 Audi Q7 Premium Plus? 36 months, 10k miles in Illinois. 

    THANK YOU!

    3.0, approx msrp is 62,275. 
    Thank you

    .00187 and 59%
    $1000 loyalty

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  • loumontejrloumontejr Posts: 1
    Hi - Thx for all the feedback and insights here. Can someone help me out with Residual and Money Factor on a Q7 2.0 T Premium Plus MSRP 57K 36 Mo/12K Mi in NJ?
  • MichaellMichaell ColoradoPosts: 75,904

    Hi - Thx for all the feedback and insights here. Can someone help me out with Residual and Money Factor on a Q7 2.0 T Premium Plus MSRP 57K 36 Mo/12K Mi in NJ?

    .00197 and 57%
    $1000 loyalty

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  • Hi, Can you please provide me MF and residual for Audi 2018 Q7 Prestige for 36 months for 10k and 12K miles. This is in North Carolina.

    I got the following from the dealer, but I am feeling, am being charged a lot. They are saying the MF is 0.00251.

    MSRP = 70,700
    Term = 36 months
    Miles = 12K
    Residual = 38,205
    doc fee = 598
    DMV = 104
    acq fee = 895
    down = $1000
    Monthly = 1119


    Thank you for you help.
  • Its a Q7 3.0
  • MichaellMichaell ColoradoPosts: 75,904

    Hi, Can you please provide me MF and residual for Audi 2018 Q7 Prestige for 36 months for 10k and 12K miles. This is in North Carolina.

    I got the following from the dealer, but I am feeling, am being charged a lot. They are saying the MF is 0.00251.

    MSRP = 70,700
    Term = 36 months
    Miles = 12K
    Residual = 38,205
    doc fee = 598
    DMV = 104
    acq fee = 895
    down = $1000
    Monthly = 1119


    Thank you for you help.

    Its a Q7 3.0

    .00201 and 54%, so your dealer is marking up the MF for extra profit.

    What is the negotiated selling price?

    The Q7 does not have all that great of a lease program to begin with; what the dealer is doing just makes it worse.

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  • Michaell said:

    Hi, Can you please provide me MF and residual for Audi 2018 Q7 Prestige for 36 months for 10k and 12K miles. This is in North Carolina.

    I got the following from the dealer, but I am feeling, am being charged a lot. They are saying the MF is 0.00251.

    MSRP = 70,700
    Term = 36 months
    Miles = 12K
    Residual = 38,205
    doc fee = 598
    DMV = 104
    acq fee = 895
    down = $1000
    Monthly = 1119


    Thank you for you help.

    Its a Q7 3.0

    .00201 and 54%, so your dealer is marking up the MF for extra profit.

    What is the negotiated selling price?

    The Q7 does not have all that great of a lease program to begin with; what the dealer is doing just makes it worse.
    Negotiated price is 66,000
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