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Audi Q7 Lease Questions

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  • rbirns1rbirns1 Member Posts: 318
    I have a Condor Gray on order. Still haven't seen one in person, but the samples looks nice and the one on order has the right options for me. If you have seen it in person, could you describe it? Maybe compare it to another vehicle?
  • quattroporte12quattroporte12 Member Posts: 178
    The condor grey is a very nice color. It is hard to compare to something because it is so unique. It looks a lot like the Quartz grey from a distance, and when you get up close to it, there is a very noticable green/blue tint. It is one of those colors that changes depending on the light. It is similar to the color that the Q7 Hybrid is pictured in, http://img.meinestadt.de/pix/neuwagen/">link titleaudi-q7-1.jpg ,just toned down a bit, with more grey in it.
  • rjlaerorjlaero Member Posts: 659
    Condor is a very nice color. It tends to have a very light greeinsh hue to it, and it's less "gray" than the name implies.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi rbirns1. The money factor that you were quoted for the '07 Q7 3.6 that you are interested in is right in line with Audi Financial Services' current buy rate for it, assuming that you are having your security deposit waived. This is a good sign because it means that the dealer you are working with is not trying to mark your vehicle's money factor up to add additional back-end profit to your deal. As far as the selling price goes, a $1,300 discount seems reasonable to me for a new model like the Q7 3.6, but you may want to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Audi Q7: Prices Paid & Buying Experience".

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi newq7. I wouldn't exactly call this a scam, but the dealer that you are working with is definitely trying to hook you with a low price and then cloud the picture by adding all sorts of little fees to your deal. This is why I always advise consumers to focus on the out-the-door price of the car or truck that they want. This number gives you a clean figure that you can use to shop around. The dealer ad fee that the dealer is trying to pass on to you is legitimate, but the prep fee sounds like nothing more than added dealer profit. Regardless of whether these fees are legitimate or not, the price of $1,000 (which is what the price that you were quoted essentially is when all the fees are taken into account) over the dealer invoice price that is mentioned here at Edmunds.com is still a fair deal for this truck. While there is lease support available on it, Audi is not currently providing any cash incentives on the 2007 Q7.

    Car_man
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  • newq7newq7 Member Posts: 21
    Hi Car_man:

    Thanks. Papers written at $750 over Edmunds/Consumer Reports invoice. That includes what the dealer insists is a real $300 "advertising fee". If true he is getting $450 over Edmunds invoice price as his markup.

    Please tell me more about "lease support". Also any idea what the financing deals may be like in 90 days when the car comes in?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, newq7. It sounds like you are getting this truck for a very good price. Audi is not currently providing any special financing rates on this truck. It is difficult to say what its incentives will be like when you take delivery of yours in several months. Right now, Audi has a decent special lease program on the Q7. Its money factors vary depending upon what model you want and how long you lease it for. To give you an example of what they are like, Audi Financial Services' current buy rate money factor for a 36 month lease of a base '07 Q7 3.6L is .00175. This is equivalent to an interest rate of around 4.2%. Again it is difficult to say what this vehicle's lease program will be like when yours finally arrives.

    Car_man
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  • ccapccap Member Posts: 40
    Working with my salesman whom I have purchased Audi's before. Q7 lease is as follows
    MSRP $56370.00 and my cost is $52015.00. He will split the profit and take $2178.00 off the Q7.
    Sell for $54192.00
    Lease for 36 months with 10k is 759.30 with the tax. 12K is $774.88.

    Is this a good deal?
    Thanks
  • ccapccap Member Posts: 40
    Hey Car_Man..Looking for you to comment on this Q7 Lease. Can you also comment on what I should be looking for as far as discounts go and leaseing factor for the Q7? Thanks
    Cap
  • roadddog53roadddog53 Member Posts: 7
    I checked out this promotion on the audi website:

    http://www.socalaudidealers.com/audi/regional_aoa/socal/Audi_Q7_Special_Lease_Of- - fer.html

    and my local dealer gave me these numbers:

    * '07 Q7 3.6 SUV Auto Quattro
    *Phantom Black Pearl Effect
    *Cardamon Beige Interior
    *Panorama Sunroof
    *6-Disc In-Dash CD Changer
    *Comfort Package
    The MSRP on this vehicle is $44,820.00. Based on $875.23 below MSRP, here are the lease #'s:

    For a 36 month lease, with 10k/yr, with $3,986.29 Total Drive Off (Total Down), your payments come to $549.00+tax = $594.29.

    For a 36 month lease, with 10k/yr, with $1,349.19 Total Drive Off (minimum down), your payments come to $669.29 including tax.

    He says the money factor is .00190

    Seeing that other members here are getting a MF that is considerably lower from mine, I'm thinking I'm getting ripped. Maybe it's because it's not exactly a loaded model, and these are the first 3.6's that are coming into the dealer?

    I need some advice please, because I'm probably going to get the car this week. I believe he said he could waive the security deposit of $575 or so on the first option he gave me...the one with the lower payments, as it was on the audi website.
  • drewmishadrewmisha Member Posts: 9
    Car Man

    I plan to lease a q7 4.2 standard. What are the current money factors from Audi? The salesman I went to yesterday quoted money factors into the .001xxx range. Also what are the residuals for this model with 12k mile per year and 3 year lease? Thanks.
  • roadddog53roadddog53 Member Posts: 7
    My dealer quoted me 57% residual on 12K for 36 months, and he said those numbers were from Audi.

    It's 60% if you go 10K on 36 months.
  • raoulbraoulb Member Posts: 1
    I'm about to purchase the 3.6 premium Q7, condor grey. Here's the thing, I have a 2005 A4 2.0T, I'm 1 year into the lease. The dealership said they would take my A4, put me into the Q7, with 5K down, for $599:00 per month, all in. This number is based on 36 months, 10k miles.
    Does this sound like a good deal to you guys...?

    Cheers!
  • ccapccap Member Posts: 40
    You must be getting killed on your A4 lease. I think thats what the 5k is going towards. That's like throwing money out the window.
    I would find out how upside doen you are on your A4 on the trade before you negociate the Q7
  • rjlaerorjlaero Member Posts: 659
    Even without a trade, I doubt you could put down -0- cash down and be at 599/mo on a 3.6 premium.

    1st mo payment, aquisition, security, doc/tag fees are probably $2000 alone on that lease.
  • pgillpgill Member Posts: 84
    Carman -

    Can you please provide the Audi Financial rates (residual and money factor) for Q7 4.2 and 3.6 base models for 36 month 12k per year leases?

    Thank you.
  • rbirns1rbirns1 Member Posts: 318
    And also 10K per year, please. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ccap. The Q7 is a very nice truck. The discount that you were quoted sounds reasonable, but I am not intimately familiar with what the market is like right now. Try stopping by the following discussion to see how much other community members have paid for similar vehicles lately: "Audi Q7: Prices Paid & Buying Experience".

    Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Q7 3.6L with 10,000 miles per year are .00175 and 60%, respectively. Using these numbers, an MSRP of $56,370, and a selling price of $54,192, I estimate that this truck's zero down, pre-tax monthly payment should be around $720.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi roadddog53. $875 is not much of a discount off of this truck's MSRP. Southern California is a very competitive marketplace for vehicles. I personally would not be surprised if you were able to beat it by shopping around a little. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Audi Q7 3.6 (not the Premium model) with 10,000 miles per year are .00175 and 60%, respectively. To get this money factor you must pay a security deposit equivalent to your vehicle's monthly payment rounded up to the nearest $25 increment at lease signing. AFS will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that is used to calculate your vehicle's monthly payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi drewmisha. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 Audi Q7 4.2 (not the Premium model) with 12,000 miles per year are .00125 and 57%, respectively. Let me know if you have any other questions.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi raoulb. $5,000 down, OUCH. As you may have probably guessed, it is usually very expensive for consumers to get out of their leased vehicles well before their scheduled end dates. You would be much better off if you waited until the scheduled end of your A4 lease to get a new vehicle. I would be more than happy to give you my opinion on the Q7 lease that you were quoted, but you never mentioned the selling price or MSRP of the Q7 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this what this truck's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my thoughts on this deal if you let me know what these numbers are.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings pgill. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a non-Premium 2007 Audi Q7 3.6 with 12,000 miles per year are .00175 and 59%, respectively. The numbers for an otherwise identical lease of a non-Premium Q7 4.2 model are .00125 and 57%.

    Car_man
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  • rbirns1rbirns1 Member Posts: 318
    Thanks, CarMan. What about the premium versions? Are the residuals and factors lower or higher? Do packages (infotainment, tech, etc.) affect the numbers?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Rbirns1, Audi Financial Services' 10,000 mile per year residual values are 1% higher than its 12,000 mile per year residual values.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, rbirns1. Here's info for the the Premium model. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Audi Q7 3.6L Premium with 10,000 miles per year are .00140 and 61%, respectively.

    Car_man
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  • brian500brian500 Member Posts: 10
    Carman... can you give me these rates? I was a little confused by the messages above. Also, can you recommend a good calculator to use to plug these numbers into?
    Thanks very much
  • suviwaisuviwai Member Posts: 6
    Car Man, can you give me the money factor and residuals for an Audi Q7 3.6 Premium, with a 15K mile/yr lease x 36 months?
  • 2007audiq72007audiq7 Member Posts: 2
    I am considering leasing a Q7 3.6 Premium this week. 15K miles/year for 36 months. MF is I think .00155 and residual is 59%.

    Does anyone had an idea as to whether lease rates (combination of MF + residual) will improve or not for October?

    I know there's no crystal ball, but any insights you might have would be appreciated.

    I'm trying to see if it makes sense to wait for 1st week in Oct. Dealer will pressure me to do the deal this month since I'm trading in a car they want ASAP to resell since it is a summer car they want to move before winter approaches.

    THANK YOU!
  • dhamiltondhamilton Member Posts: 878
    Their is really know way to foresee what will happen, however, generally what happens as the year progresses is that the residual values go down, and money factors go down to try and equal things out.
    The best thing to concentrate on is negotiating a good price for the car as if your buying outright. Get the money factor, and residuals from car-man, and then go for it.
  • fluid15fluid15 Member Posts: 60
    Where are you located - which Dealer? Local dealer here offers same residual (I know this is not set by them) but MF of .0024. That's a difference I'd like to work on. Price offered is $750 over invoice (opening position).
  • audihunter3audihunter3 Member Posts: 3
    Hi, I was at my Audi dealer here is what he offered me:

    36 mo 12k per year
    $ 685 per month
    security $ 700
    bank fee: $ 575
    first mo $ 685
    doc fee $ 110
    regis: $ 250
    3.6 premium with convience package and infotainment
    4 zone climate
    19" wheels

    Does anyone know if this is a good deal? Please help.
    Thanks
  • fluid15fluid15 Member Posts: 60
    That looks pretty good to me. With the same options, my calculations would be ~
    $750/month at the Dealer I'm working with. I estimate your MSRP to be ~ $53,120 (incl. $720 dest fee) - what is the Cap Cost (agreed Sales Price)?? Is this a 60% Residual? Money Factor?
  • tek0166tek0166 Member Posts: 4
    Carman,

    I am looking for the Oct MF and residual for a 4.2 Q7 with 15K miles per year and either 24 or 36 month lease. If there is a better term, I am open to any but need the 15K miles per year.
  • nygxdrivernygxdriver Member Posts: 10
    I just signed to lease a 4.2 premium light silver/limestone gray with side assist ($500) and Audi Care (Audi Maitenance $550). 36 months 10k/yr

    MSRP - $61,670 .00125 MF 59% residual
    $850 per month (including taxes)

    Due at signing: (approx $1704.89)
    $850 1st month
    $575 bank fee
    $49.89 taxes on bank fee (never heard of this before)
    $230 - estimated DMV fees.

    You all may want to know that if you get the Audi care maintance it raises your residual 1% which make it pretty much free to get. A no brainer.
  • chitownq7chitownq7 Member Posts: 17
    Just bought a 3.6 premium w/o navigation. Long story short-got a great deal on the vehicle, but now want navigation.

    The vehicle is built ready for the navigation, but I'm getting mixed answers on whether or not I can by a kit and have it installed post-factory.

    I've heard they're now doing post-factory nav installations on the A6's....so I'm hoping the same is true for my new Q7.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, brian500. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Q7 4.2L (not the Premium model) with 12,000 miles per year are .00107 and 56%, respectively. This truck's 10,000 mile per year residual value for this term would be 1% higher.

    Edmunds.com has a lease calculator on this site, you can get to it by clicking on the following link: Edmunds.com Lease Calculator. You can also calculate lease payments on your own by using the formula that is described in the following article: Calculate Your Own Lease Payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, suviwai. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Audi Q7 3.6 Premium with 15,000 miles per year are .00113 and 56%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi 2007audiq7. Audi's October lease program for this truck is not any better than its September program was. Its 36 month, 15,000 mile per year money factor dropped to .00113, but its residual value fell as well to 56%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey audihunter3. You never mentioned the selling price or MSRP of the Q7 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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  • gtechiegtechie Member Posts: 9
    I am new to leasing cars. Interested in leasing a Q7 4.2. But we do put high miles on cars. Does Audi Financial even do 24K miles per year? The minimum we would be confortable would be 20K miles per year.

    What would the money factor/residual be?

    Thanks in advance,
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, tek0166. Audi Financial Services' new October buy rate lease money factor and residual value for a 24 month lease of a 2007 Q7 4.2 (non-Premium) with 15,000 miles per year are .00107 and 63%, respectively. The numbers for an otherwise identical 36 month lease are .00107 and 54%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi gtechie. 24,000 miles per year is a lot of miles to put on a leased vehicle. The highest mileage allowance that Audi Financial Services Publishes residual values for is 15,000 miles per year. 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. I am not sure exactly how much AFS charges per additional mile purchased at signing though. For now I can give you this truck's 36 month, 15,000 mile per year lease program. AFS' current buy rate lease money factor and residual value for a 36 month lease of a non-Premium 2007 Audi Q7 with 15,000 miles per year are .00107 and 54%, respectively.

    Car_man
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  • gtechiegtechie Member Posts: 9
    Thank you for the info. That makes sense. Probably pre-buying the miles is the way to go.

    For comparison sake, do you happen to know what the MF and residual are for the MB GL450, 36mo 15K miles?
  • newq7newq7 Member Posts: 21
    Hi Car Man:

    Do you know what the rates are for the 2007 Q7 4.2 Premium 24 and 36 month leases with 12,000 miles per year?

    Also, are there any manufacturer to dealer or dealer to consumer promotions at this time for this car? Any future promotions coming our way soon?

    Many thanks.
  • newq7newq7 Member Posts: 21
    Hi again Car Man:

    I'm getting a 2007 Q7 4.2 Premium.

    I'm looking at a 24 month lease. Do you know the money factor on this? Also, if I really load up the pre-purchased miles to the maximum Audi will allow - thus pushing down the residual buy out at the end - do they reduce the money factor more? Do they refund unused excess miles if you decide to not buy out the car at the end?

    Thanks.
  • ctillerctiller Member Posts: 1
    I currently have a 15k/36 month lease negotiated for a Q7 4.2 Premium with an MRSP of $60,620. Cap Cost $58,852 with a residual of $31,120. The money factor is 0.00182. Does this seem like a good deal?
  • dpeck1dpeck1 Member Posts: 51
    I was told that Audi dealers are getting $1,000 from Audi for every Q7 sold. This came from the general manager of a brand that competes with Audi. Have you heard the same thing? $1000 dealer cash?

    Thanks.
  • turbobbturbobb Member Posts: 5
    Hi Car Man,
    Would it be possible to post all the MFs and Residuals by miles per year for all Q7s? This would cut down on a lot of posts re: that and makes it easy to look up everything in one post for easy comparison.

    I'm trying to decide between a 3.6 Premium and a 4.2 non-Premium. The way I have it configured, it's only $160 difference in MSRP. If the monthly lease payment is not a big difference then I'd prefer to go with the 4.2 (hard to live without a heated steering wheel once you've had it). :)
  • dpeck1dpeck1 Member Posts: 51
    I think the difference is much more than 160. More like 2000. The 4.2 non prem with no other options, starts at 49,900. sunroof is another 1800, etc.

    How did you get 160?
  • frank45frank45 Member Posts: 1
    Hi car man,

    I live in the NY area (Westchester) and I am currently looking into leasing a Q7 3.6 Premium with sunroof and some packages (infotainment and convenience) - the car comes to MSRP 54.060, the dealer is willing to take 1500 off so it comes to 52.560. Lease rate offered is 685/month with 12000/year for 36 months.

    Security deposit will "probably" be waived - all other fees are 180 DMV, 300 Doc, 575 Acq fee. taxes also paid up front and not included in the rate.

    The rate seems a bit high - do you know what the current money factor is for this area and how "bad" this deal is?

    Thanks in advance.
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