Residual and MF numbers for 2018 Audi Q7?

markcav1

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!

kyfdx

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

markcav1

Thank you so much. Happy New Year!

markcav1

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—

Michaell

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.

markcav1

Thank you Michael!

tx_oilman

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.

Michaell

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%

socalkpk

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!

kyfdx

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

cmrusnak

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

Michaell

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

cmrusnak

Thanks- first-time lessor!

jitterboy

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!

kyfdx

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.

jitterboy

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

jitterboy

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!

kyfdx

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.

kyfdx

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.

roxyj1812

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 ?

kyfdx

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

spartanpf9

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

THANK YOU!

kyfdx

spartanpf9 said:

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?

spartanpf9

3.0, approx msrp is 62,275. 
Thank you

Michaell

spartanpf9 said:

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

THANK YOU!

spartanpf9 said:

3.0, approx msrp is 62,275. 
Thank you

.00187 and 59%
$1000 loyalty

loumontejr

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?

Michaell

loumontejr said:

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

confsd_lesse

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.

confsd_lesse

Its a Q7 3.0

Michaell

confsd_lesse 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.

confsd_lesse said:

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.

confsd_lesse

Michaell said:

confsd_lesse 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.

confsd_lesse said:

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

jayb11

Hi,
Can you please provide MF and Residual for 2018 3.0T Prestige, 36 months with 12k And 15k? This is in Missouri.

Thanks

kyfdx

jayb11 said:

Hi,
Can you please provide MF and Residual for 2018 3.0T Prestige, 36 months with 12k And 15k? This is in Missouri.

Thanks

36/15
.00201 MF and 52% residual

rkaregaran

Hi, Can you please provide residual and MF for 2018 Audi Q7 2.0t Quattro Tiptronic?

36/10
36/12

Thabks in advance,

Reza

Michaell

rkaregaran said:

Hi, Can you please provide residual and MF for 2018 Audi Q7 2.0t Quattro Tiptronic?

36/10
36/12

Thabks in advance,

Reza

What ZIP code?

rkaregaran

Michaell said:

Hi, Can you please provide
residual and MF for 2018 Audi Q7 2.0t Quattro Tiptronic?

36/10
36/12

Thabks in advance,

Reza

What ZIP code?

92123

Michaell

rkaregaran said:

Michaell said:

rkaregaran said:

Hi, Can you please provide
residual and MF for 2018 Audi Q7 2.0t Quattro Tiptronic?

36/10
36/12

Thabks in advance,

Reza

What ZIP code?

92123

.00197 and 58% / 57%

socalguy7

q7 premium plus 3.0 with vision MSRP 64,835 for $58,800 in santa ana. MF .00261, residual 36,955.95. $2,731 due on deliver. 12,000 miles. 36 months $929.90/mo.
how is this deal? MF seems high.

Michaell

socalguy7 said:

q7 premium plus 3.0 with vision MSRP 64,835 for $58,800 in santa ana. MF .00261, residual 36,955.95. $2,731 due on deliver. 12,000 miles. 36 months $929.90/mo.
how is this deal? MF seems high.

Base MF is .00201, so yeah, MF is marked up.

That is adding over $60/mo to the payment.

socalguy7

Michaell said:

socalguy7 said:

q7 premium plus 3.0 with vision MSRP 64,835 for $58,800 in santa ana. MF .00261, residual 36,955.95. $2,731 due on deliver. 12,000 miles. 36 months $929.90/mo.
how is this deal? MF seems high.

Base MF is .00201, so yeah, MF is marked up.

That is adding over $60/mo to the payment.

the base MF of 0.00201 is determined by the dealer or audi financial? they said i would get tier 1 credit.

Michaell

socalguy7 said:

Michaell said:

socalguy7 said:

q7 premium plus 3.0 with vision MSRP 64,835 for $58,800 in santa ana. MF .00261, residual 36,955.95. $2,731 due on deliver. 12,000 miles. 36 months $929.90/mo.
how is this deal? MF seems high.

Base MF is .00201, so yeah, MF is marked up.

That is adding over $60/mo to the payment.

the base MF of 0.00201 is determined by the dealer or audi financial? they said i would get tier 1 credit.

Base MF is set by Audi Financial, and is for top tier credit.

The markup is purely profit grabbing for the dealer.

Tell them you won't make a deal unless you get the base MF.

fjgr

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

kyfdx

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

fjgr

kyfdx said:

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

kyfdx

fjgr said:

kyfdx said:

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

Yes.. the lease program for this vehicle is not good.. you shouldn't have to pay extra finance charges to lease it.

fjgr

kyfdx said:

fjgr said:

kyfdx said:

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

Yes.. the lease program for this vehicle is not good.. you shouldn't have to pay extra finance charges to lease it.

Dealer said they just 'assumed' I was Tier 1 when they quoted me .00257 MF, without running a credit check. I asked them run my credit today, and (according to the dealer) Audi Financial says I'm Tier 4. That seems very unlikely with my credit score and income... should I just take the dealer's word for that? Can I verify this somehow with Audi Financial directly?

And if I'm really Tier 4, what is the MF Buy Rate for that? The dealer quoted me a MF of .00297 based on Tier 4.

Thanks again for all your help!

Michaell

fjgr said:

kyfdx said:

fjgr said:

kyfdx said:

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

Yes.. the lease program for this vehicle is not good.. you shouldn't have to pay extra finance charges to lease it.

Dealer said they just 'assumed' I was Tier 1 when they quoted me .00257 MF, without running a credit check. I asked them run my credit today, and (according to the dealer) Audi Financial says I'm Tier 4. That seems very unlikely with my credit score and income... should I just take the dealer's word for that? Can I verify this somehow with Audi Financial directly?

And if I'm really Tier 4, what is the MF Buy Rate for that? The dealer quoted me a MF of .00297 based on Tier 4.

Thanks again for all your help!

Try another dealer, and see if you get the same answer.

kyfdx

fjgr said:

kyfdx said:

fjgr said:

kyfdx said:

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

Yes.. the lease program for this vehicle is not good.. you shouldn't have to pay extra finance charges to lease it.

Dealer said they just 'assumed' I was Tier 1 when they quoted me .00257 MF, without running a credit check. I asked them run my credit today, and (according to the dealer) Audi Financial says I'm Tier 4. That seems very unlikely with my credit score and income... should I just take the dealer's word for that? Can I verify this somehow with Audi Financial directly?

And if I'm really Tier 4, what is the MF Buy Rate for that? The dealer quoted me a MF of .00297 based on Tier 4.

Thanks again for all your help!

.00257 MF for Tier 4.

fjgr

kyfdx said:

fjgr said:

kyfdx said:

fjgr said:

kyfdx said:

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

Yes.. the lease program for this vehicle is not good.. you shouldn't have to pay extra finance charges to lease it.

Dealer said they just 'assumed' I was Tier 1 when they quoted me .00257 MF, without running a credit check. I asked them run my credit today, and (according to the dealer) Audi Financial says I'm Tier 4. That seems very unlikely with my credit score and income... should I just take the dealer's word for that? Can I verify this somehow with Audi Financial directly?

And if I'm really Tier 4, what is the MF Buy Rate for that? The dealer quoted me a MF of .00297 based on Tier 4.

Thanks again for all your help!

.00257 MF for Tier 4.

Thanks! And for Tier 2/3?

kyfdx

fjgr said:

kyfdx said:

fjgr said:

kyfdx said:

fjgr said:

kyfdx said:

fjgr said:

Thanks for your awesome work here @Michaell

I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed?

P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY.

2018 Q7 Premium (2.0) base model
3-year lease, 10k miles per year
MSRP: $51,525
Selling price: $47,250
Residual: 59%
Money factor: 0.00257
Acquisition fee: $895
Processing (doc) fee: $495
Upfront charges: $555
AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare.
The calculations are correct.

I wouldn't assume that you don't qualify for top tier. Especially as a returning customer.
Ask them if they are marking up the rate, or if the increase is because of your credit.
To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO)

That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

Yes.. the lease program for this vehicle is not good.. you shouldn't have to pay extra finance charges to lease it.

Dealer said they just 'assumed' I was Tier 1 when they quoted me .00257 MF, without running a credit check. I asked them run my credit today, and (according to the dealer) Audi Financial says I'm Tier 4. That seems very unlikely with my credit score and income... should I just take the dealer's word for that? Can I verify this somehow with Audi Financial directly?

And if I'm really Tier 4, what is the MF Buy Rate for that? The dealer quoted me a MF of .00297 based on Tier 4.

Thanks again for all your help!

.00257 MF for Tier 4.

Thanks! And for Tier 2/3?

.00227 MF for Tier 3
.00197 MF for Tier 2

fjgr

kyfdx said:

Thanks for your awesome work here @Michaell I got the following lease offer today, could you please help me with the MF and residual and let me know if anything else needs to be addressed? P.S. I'm a returning lease customer (this will be second lease) and have average credit, not top tier. Will be using my $1k incentive to reduce cap cost. State is KY. 2018 Q7 Premium (2.0) base model 3-year lease, 10k miles per year MSRP: $51,525 Selling price: $47,250 Residual: 59% Money factor: 0.00257 Acquisition fee: $895 Processing (doc) fee: $495 Upfront charges: $555 AudiCare: $869

.00197 MF and 59% residual, assuming the $869/mo is for AudiCare. The calculations are correct. I wouldn't assume that you don't qualify for top tier. Especially as a returning customer. Ask them if they are marking up the rate, or if the increase is because of your credit. To get a bump of .00060, you'd have to be Tier 4 (660-679 FICO) That money factor increase adds $50/mo. to the payment

Thank you @kyfdx ! I will ask them whether I qualified for top tier. If it turns out the dealer did mark up the MF, would it be 'reasonable' to demand the Buy Rate even if I already negotiated 8.3% off MSRP?

Yes.. the lease program for this vehicle is not good.. you shouldn't have to pay extra finance charges to lease it.

Dealer said they just 'assumed' I was Tier 1 when they quoted me .00257 MF, without running a credit check. I asked them run my credit today, and (according to the dealer) Audi Financial says I'm Tier 4. That seems very unlikely with my credit score and income... should I just take the dealer's word for that? Can I verify this somehow with Audi Financial directly? And if I'm really Tier 4, what is the MF Buy Rate for that? The dealer quoted me a MF of .00297 based on Tier 4. Thanks again for all your help!

.00257 MF for Tier 4.

Thanks! And for Tier 2/3?

.00227 MF for Tier 3 .00197 MF for Tier 2

Thanks! Is Tier 1 also .00197? I confronted the dealership and now I'm suddenly Tier 1....