Audi Q7 Lease Questions

woolooloo

houstontxmob - you are right, you got the technology and ipod packages, I got the sunroof. Like you, I would gladly swap those as I have found through the years I never use sunroofs (it is a pretty amazing sunroof though, just not my thing). Unfortunately I didn't know until it was too late that I really wanted the technology package (and they didn't have any left in my price range anyways). They say the IPod interface is supposed to be available for retrofit at some point, but it isn't yet.

Oh well, life goes on. I'm dealing with a bunch of noises coming from the back now, and I'm going to check out the other Q7 forums to see if it is common. Take care.

kistsao

Woolooloo,

I have had 4 dealerships telling me that you are lying. :confuse: Can you please tell me where you bought your car at the above price? I have been shopping for 4 days and found nothing even close to your deal.

Thank you!

kistsao

houstontxmob - I am in Houston also. I have been searching for 4 days for a Q7 with the 3 Audi dealers in Houston; but none of them seem very motivated to sell. They all have quite a few 07's left; but their lease are all in the $800+ range with out of pocket sales tax + 1st mo + security, etc. (about $5000). Would you please tell me which dealer you got your deals from, and who your salesman is.

I appreciate your help!

houstontxmob

Alright, I got mine from Audi West Houston at I-10. I can't post the salesman's name here sorry. Since the 2007's Q7s are very limited now and the lease special is expired, it's really up to the dealership now. I know for a fact that it's easier to negotiate the price of the car if they have it in the lot. If you wanted them to transfer a car for u, it's a little different. Good luck, email me if you need any help.

poopy

Hello Everyone:

I'm in the market to lease a 07' Q7. I've been reading this forum and feel that I am ready to request a quote from my local dealers.

I was wondering if anyone can share how they first approach the dealers in their email? I don't know what to say except "Please provide your best quote for a 07' Q7 3.6."

Any input is greatly appreciated.

Thanks you guys!

houstontxmob

Ahh, what I did was I priced out with options the car I wanted via Edmunds link of 2007 Audi Q7. Then, you will have the option to select which dealerships around your area to send them your request automatically. You should then received few quote emails from the dealership in next few days.

If that doesn't work, you should just call them up or go to the dealership in person. Good luck.

midnightblue

I'm on the verge of starting the process to lease a custom ordered 08 Q7 4.2 Premium. The lease on my current vehicle is up in mid-January 08 and I understand it takes about 90 days to custom order a new Audi Q7. So now the fun begins...

I'm looking at an MSRP of around $66175 (getting conflicting data on MSRP of Tech Package on the 08 Q7) and will lease for 36mos @ 10K miles per year.

Is it true that I will not be able to lock in lease terms until the vehicle arrives since residuals and money factors change over time?

Given current data and rates, what should I expect for the residual value and money factor assuming lease through AFS and top tier credit. Am willing to pay security deposit and acquisition fee if it postively impacts money factor. What about negotiated price?

What is fair dealer profit on an ordered 08 that would arrive towards the end of the year?

jcssat

Car man, please help me. I am about to negotiate a lease on a new 2008 3.6 premium. Can you please send the current lease rates for 12k and 15k miles with a 36 month lease. Many thanks.

jph7

Can I please second that request for the current lease rates?

I'm getting the idea that the party is over as far as cheap Audi Financial Services leases go, now that the special ended on the 4th. The last 2 dealers I talked to in South Florida were quoting MFs of .00229 and .00213, which seems a LOT more than what I've seen here. (From 6/1/07 through 9/6/07, I've seen MFs quoted from .00014 to .00140. One dealer basically said that AFS is too high, so they recommend US Bank, which is where they got the .00229. Sounds fishy.)

Originally, I was looking for a 2007 4.2L non-Premium, and even found a great candidate right after the 4th, but they quoted a residual of 46% with the MF of .00212.

Thanks in advance,

jph

baxterdown

car_man, where are you??? Please look at my post on page 24. I got a call from the dealer today. My car will be here at the end of this week! I'm in desperate need of MF and Residual numbers. PLEASE HELP!!! :-)

Thanks in advance

Jose

CarMan@Edmunds

Hey Bo. Toyota is not providing any lease support on the new 2008 Highlander, but I would still be surprised if one was able to get a Q7 for less than a Highlander. If you can, going with the Audi is a no brainer. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Q7 3.6 Premium with 15,000 miles per year are .00333 and 46%, respectively. As you can see, Audi is no longer providing lease support on '07 models. The good news is that this means that you can use the $4,000 dealer cash that Audi is currently providing on the '07 Q7 to negotiate a low capitalized cost. As far as the 2008 model's lease program goes, AFS' current 36 month, 15k buy rate lease money factor for the '08 Q7 3.6 Premium are .00075 and 50%, respectively.

Car_man
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CarMan@Edmunds

Here's the latest lease program for the truck that you're interested in, chile96. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Q7 3.6 non-Premium with 12,000 miles per year are .00333 and 49%, respectively. As you can see, Audi is no longer providing lease support on 2007 models. That's the bad news. The good news is that this means you can use the $4,000 dealer cash that Audi is providing on leftover Q7s to negotiate a low capitalized cost for your lease.

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CarMan@Edmunds

Hi royavell. Audi's September lease program is a lot different than its August program. Hopefully you finalized this deal last month because Audi is no longer providing lease support on 2007 models.

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CarMan@Edmunds

Congratulations on getting your new Q7, houstontxmob! Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the new Dealer Ratings & Reviews section to share your thoughts on your recent dealer experience with others. Enjoy your new ride :shades: .

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CarMan@Edmunds

Hi dbrouse. A selling price that's right at dealer invoice and the use of Audi Financial Services' buy rate special money factor to calculate your monthly payment make for an excellent deal on the Q7.

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CarMan@Edmunds

Hello Jose. Here is the latest lease program for the truck that you ordered. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Audi Q7 3.6 Premium with 15,000 miles per year are .00075 and 50%, respectively. If you were to lease with only 12,000 miles per year, this vehicle's residual value would be 2% higher and your monthly payment would be lower. Still, make sure to lease with 15,000 miles per year if you think that you are going to drive that much. Doing so will be less expensive than leasing with 12,000 miles per year and paying a large excess mileage penalty at lease-end.

I'm not sure exactly how much Audi Care would cost for this truck, but it is usually worth it to get it on Audi Financial Services leases. AFS will boost the residual values of vehicles that are leased with Audi Care by 1%, which helps to offset the cost.

I am not personally all that familiar with what the market is like for the 2008 Q7 in Florida right now. If I was personally in the market for one, I would shoot for a selling price of $500 to $1,000 over dealer invoice and see what happens. You may be able to get an idea of how much you will have to pay by visiting the following discussion: "Audi Q7 Prices Paid and Buying Experience".

AFS will probably waive its security deposit requirement for free for returning lessees, but I doubt that it will waive its $575 acquisition fee.

Car_man
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CarMan@Edmunds

Congratulations on getting your new Q7, woolooloo. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on the dealer that you got your car from with everyone. Enjoy your new ride!

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CarMan@Edmunds

Hi midnightblue. Most banks will allow consumers who order vehicles to lock in the lease terms that are available at the time that they place their order. If you are able to do this, then when your Q7 arrives you can choose to use either the lease program that you have locked in, or the one that is available at the time of delivery, whichever is better. Audi Financial Services, current buy rate lease money factor and residual value for a 36 month lease of a 2008 Q7 4.2 Premium with 10,000 miles per year are .00140 and 52%, respectively assuming that you pay a security deposit and acquisition fee.

I am not intimately familiar with what the market is like for the 2008 Q7 in your area, but if I was shopping for one right now I personally would shoot for $500 to $1,000 over dealer invoice. You may be able to get an idea of how much you should pay by visiting the following discussion and seeing how much other community members have paid lately: "Audi Q7 Prices Paid and Buying Experience".

Car_man
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CarMan@Edmunds

Greetings jcssat. Here is the information that you are looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Q7 3.6 Premium with 15,000 miles per year are .00075 and 50%, respectively. Its 12,000 mile per year residual value is 2% higher.

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CarMan@Edmunds

Hi jph. You're right about the lease party (ohhh boy I'd love to go to that, I'm sure that it's a rockin' time :shades: ) for 2007 models is over. Audi is no longer providing lease support on leftover '07s, but it is providing $4,000 dealer cash on the '07 Q7. If you want to lease an '07 model now you will either have to use Audi's standard lease program or go through an independent bank. Audi's lease program for the 2008 Q7 is more attractive than the '07 model's program in September.

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CarMan@Edmunds

Hey Jose. I just responded to your earlier post. Good luck and let me know if have any other questions.

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jph7

Thanks, Car_man.

You told Midnightblue that "Audi Financial Services, current buy rate lease money factor and residual value for a 36 month lease of a 2008 Q7 4.2 Premium with 10,000 miles per year are .00140 and 52%, respectively assuming that you pay a security deposit and acquisition fee." Could you please tell me how much that changes for 15,000 miles?

Thanks!

jph

midnightblue

Thanks. Am I correct that the AFS acquisition fee is $575? Why does the 4.2 Premium command a higher MF than the 3.6? Also, does the MF change from 10K to 12K miles? At 10K, the 52% residual seems low. What is the residual at 12K miles?

Lastly, what is the fee for AudiCare?

Appreciate your guidance. I'm heading to the dealer next week.

baxterdown

Hi Car_man,

I hope you're still around to offer some insight...

This month's lease rate numbers for the Q7 3.6P do not make sense... According to your numbers, the MF jumped 500% (from 0.00014 to 0.00075). That alone represents an average $80 to $100 jump on a monthly payment.

I went back and looked at MF and residuals you so kindly posted from June 2006 through August 2007 and calculated a payment using leaseguide.com's calculator for each month. The payment remained consistent within a few dollars every single month with the exception of Nov/Dec 06 when Audi Financial Services had a program and the payment dropped by about $50. Other than that, as residulas were adjusted through out the model year, so were money factors, thus keeping the monthly payment consistent.

Naturally, I'm alarmed to see that the MF all of a sudden jumped so much this month!

If you could offer some insight as to why you think MF jumped so high this month I would appreciate it. Of course, it would also be great to hear your prediction :-)

I'm heading to the dealer this weekend and I'm afraid its not going to be pleasent...

Thanks in advance!

Jose

houstontxmob

Jose,

So how's the trip to the dealership? Did you get the car? Keep us posted!

D.

baxterdown

Hey, still waiting! Dealer said the car was arriving to port and the end of last week so I'm sure they'll be calling me soon...

I'm really worried about September's MF and Residuals. The numbers really went to h*ll this month, which effectively have bumped the payment by about $70 x month. That times 36 months is 25 hundred bucks!!!

With a little bit of luck, my car will get delayed and not arrive until October when the rates will be better :-)

I'll keep you posted

j.

houstontxmob

J:

Hope everything works out well for you. Don't worry, you have 5 more days before Oct. Most likely u will do alright if they really wanted to sell the car to you. Good luck.

Can't wait to have u discussing about yr new ride in Audiworld forum

D

midnightblue

I'm located in PA and my dealer is claiming that Audi adds a dealer advertising fee to the invoice. This fee is additive to the dealer invoice price for the car and options. In addition, the dealer claims that there is a dealer prep fee which is also additive. Together, these fees amount to $756 which are added to the invoice price in order to calculate true dealer cost. It is from this adjusted cost that dealer markup is applied.

I just want to verify that these cost adjustments are legit. They did show me an invoice from Audi (although from a vehicle transferred from NY) that did in fact include about $400 for dealer advertising fees.

Can anyone confirm or repudiate that these fees are indeed legit?

baxterdown

Dealer gave me "1.2" as money factor. That doesn't make sense. AFS's MF for september is .00075 which translates to 1.8% interest rate.

1.2% interest rate equals to 0.0005 MF which I know is not AFS's september lease rate.

Any thoughts? I'm heading to the dealership tomorrow Saturday to do the deal! :P

Here are the initial numbers they gave me:

36months at 12k yearly
$2,129 due at signing
$829 plus tax

MSRP $58,825
Selling price is $56,625

MF 1.2%
Residual 53%

$2,129 breakdown- $399 bank fee- $575 acquisition fee- $145 license fee- first month payment- taxes- and florida surcharge for the lease of about $70.00

The 829 is without tax. With tax the payments are $879.16.

Besides the MSRP, Aquisition Fee, and Residual, the rest of the numbers are a bunch of BS! I ran them through leasecalc and they come out to $795 X month with tax!

Here are a few questions,

- as I understand it, "bank fee" and "aquisition fee" are the same. Am I mistaken?
- Isn't the aquisition fee included in the calculation of the lease rather than paid at inception?
- What the h*ll is a "Florida Surcharge"?!

Thanks in advance for your help

Jose

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