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Audi Q7 Lease Questions
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Comments
(1) What a difference in MF (and even residuals) between 3.6/V6 (.00038;64%/54%) and 4.2/V8 (.00090; 63%/52%)! (Were last month's residuals 66%/56%?)Makes V6 MUCH more affordable than V8. Are you sure about data?
(1a) Does V6 have enough power?
(2) Like BMW, can you give a higher security deposit to decrease MF?..
(2a) Any other way to cut lease payment?
(2b) Is there lease acquisition fee? Turn-in fee?
(3) Prepay maintenance is only $500; this also includes one brake job!. What a deal -- since a 1% boost in residual value probably decreases lease by $10 monthly; if so, $360 saved means $500-$360 or net cost of only $10 for 3 yr maintenance, including brakes..
(4) Final observation -- one dealer will do invoice+$1,000. Is that good deal?
I do definitely notice a difference when going up steeper hills, but then I just drop it into sport mode to hold the gear longer and it's fine.
It seems the lease terms (money factor/residuals) are not nearly as favorable for the V6; plus, it gets better mileage. Are you saying SPORT MODE for the V6 would do the trick for long, steep mountain road? THANKS
(By the way, do you know anything else about my other inquiries? Do you think invoice+$1000 will work, or are dealers wanting more, given favorable lease terms? Do you know the acquisition fee?)
I live in the bay area and was only able to get invoice + $1500, but you might be able to get more. I think it depends on the inventory levels (which weren't too high around here).
Acquisition fee is $525.
Security deposit = 1st month payment unless you are currently an AFS customer, in which case it's waived altogether.
(1) V8, due to lease terms, appears much cheaper; plus saves gas. I think you're saying that for our long (3 mile) continuous uphill drive to our house, you would use tiptronic or just sport mode; but, either way, that V8 is not necessary. I really need to sell my wife that V8 not necessary for driving up to our house in Malibu/Calabasas area
(2) Inventory levels high, but dealers think lease terms are so advantageous that they may not offer less than $1000, unless you were buying the car. Did your "invoice" include any "advertising fee" or anything else not listed on Edmunds or Kelly Blue Book.
(3) I assume acuqisition fee is really $525, so that I would not accept dealer mark-up beyond.
(4) Used to be AFS customer; don't mind security deposit; I'd prefer BMW approach -- multiple security deposits yield lower MF.
2/ To clarify, is that IN ADDITION to the favorable lease terms now being offered. That's the key.
(PS I still can't figure out how they make any money -- $500 for the dealer and the salesperson? Not very much money.)
3/ Still don't know what to do about V8 vs V6 --lease terms on V8 much less favorable.
On the other hand, they get the $525 lease acquisition fee (or a portion of it?.
I'm looking at a 07 Q7 3.6L, with it seems most options -premium, S line pkg with 20 inch wheels, tech, convenience, panorama... with msrp 59710. Initial quote was 56250 selling price. What is the MF and residual for 24 and 36 months for 12k miles/ year? My tax rate is 6% and not based on total selling price (Indiana). What would my monthy payments be for zero down - except pay acq fee ( or would it be more wise to roll into lease??)? Dealer says there is no multiple security deposit program... ??dishonest or unaware.
He said it doesn't lower your MF.
Thanks
Mark
I'm trying to confirm the MF and residuals for a 36 month 12K lease for the V8 standard and premium. I saw one thread that indicated .0009 and 54% for the standard. Is that right? Is it different for the premium. Dealers seem willing to make a deal but I want to make sure I understand what Audi Financial is providing.
Thanks,
AFS may have a multiple security deposit program, but if it does I do not know the details of it. You will need to check with the dealer that you are working with to find out. AFS charges a $575 acquisition fee and I believe a $350 disposition fee on every vehicle that it leases.
$1,000 over dealer invoice sounds like a reasonable price to me, but if there are other dealers in your area you might as well do some comparison shopping because there is still some room to work with there. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "Audi Q7: Prices Paid & Buying Experience".
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Thanks.
Honestly, we were contemplating between these two cars w/ similar MSRPs. They are 2007 Land Rover LR3 SE with technology package plus bixenon light and this Audi Q7 equipped with the following packages: Infotainment, Technology, Convenience, Panaroma, 4-zone climate control, 3rd row, and 19" wheels.
According to Edmunds, MSRP $57,310 while invoice = $52,846. My gross capitalization cost is $53934, and the "fleet manager" said that it was below invoice?
huh? could some one explain the disappeared difference of $1088? is that for floor matt or dealer profit or other unknown fees?
My drive off is $2K. Out of such, $835 is for cost reduction w/ tax included. 1st month payment of $648 + tax = $699. Doc fee of $49, sales tax $49, CA tire fee $9, and CA License Fee of $411.
I noticed that Registration fee is N/A? Why is that? Am I still liable for Registration fee? The "fleet manager" told me that registration and license fees were taken care?
Is there a difference between the two? I visited CA website ran the state calculator for vehicle registration. The amounts on my lease contract and on the state vehicle website match closely $415. However, grand total registration fees came out to be $4595, which was on the lease contract. huh?
Any how, the terms on my lease are 36 months, 12Kmi/yr, MF 0.00038, and 58% residual. Monthly payment is $648 + tax.
I don't have security deposit, acquisition fee, title fees, and registration fee.
Could some one please explain the answers to my questions. What am I doing wrong? Am I to expect a big fat bill from CA DMV?
Thank you so much for all your help.
I did have to pay an acquisition fee like every one else -- $575. However, I didn't have to pay PDI, ad fee, and "refundable" deposit. Regarding the ~1K difference, I can't explain it. Maybe I paid $1K over invoice. On the other hand, it could $500 over invoice w/ $500 padded in PDI and ad fees. Whatever it is, hm... The funny thing is that I still don't have the car. It has to be brought over from another dealer. Perhaps, that could explain why they were so firm on the price, or I'm so weak on my negotiation. heh heh heh
Not expressing buyer remorse as I am happy w/ my numbers. Just wanting to learn to avoid the next pitfall if I see room for improvment on my part. Don't want my shirt to be ripped again if you know what I mean. : >)
Has any one ever heard of Rent Charge adding on top of the Depreciation and Amortized Amount? Still learning.
Thanks all.
Shoprey85, to this day, the fleet manager still insisted that he was below invoice. According to Edmunds, I was above invoice. What is important to me was that I was happy w/ my numbers based on my research. I used current offer on Q7 from Audi website as my benchmark.
My drive off was $2K rather $4,123. I have 12Kmi/yr rather 10Kmi/yr. My $57,310 car is loaded w/ more options than a $50K car. Compared to the current Internet offer, since I can do less lease inception, get 2K mi more per yr, depreciate the car more after 36 months, and get a car loaded w/ more options, all for just $100 more, I have become happy as a clam. I'm sure that there are others who can do much better than I can.
Thanks for any help
So how did I do?
Where can I find any documentation of this to take to the dealer? Thank you so much. This forum is invaluable.
If you want to pay $1K over invoice, negotiate for the price first before all else. The $2K loyalty should not be included in the equation until the gross capitalization is finalized.
When I negotiated, it was on an impulse. I didn't have the Edmund's list in front of me. As the matter of fact, we were shopping for Land Rover LR3. There is no security deposit required for Q7. There is no PDI fee, ad fee, or any padded fee. I had to pay the acquisition fee like every body else, unless I got the exact same one as advertised on Audi Website.
The guy kept saying that I was at invoice already, but I pushed for more. When I mentioned about the holdback value, he was not happy. Any how, there was a $30 difference, and we walked away. We talked on the cell phones. I told him that perhaps it was beginning of the month, and he wasn't serious as I was. I told him that if I couldn't close the deal w/ him that night, I could wait until Valentine's and close the gap bigger than $30 else where. We agreed to split the difference in half, came back, and closed the deal. The guy said that I ate into his holdback. I seriously doubt it b/c I got home and checked Edmunds, there is $1K difference. I still don't have the car. It is to be delivered. Don't shop on impulse like I did. Next time, I'll do better.
My understanding is that Audi "gives" you the first service at 5,000 miles. From there, Audi Care is prepaying the service at 15, 25, 35 and 45,000 miles. Since my lease is for 3 years, 45,000 miles, I am covered for the life of the lease.
I was looking for 3.6 Premium with Convenience Package, 3rd Row Seat, Panorama Sunroof, and Rear Side Airbags... with beige interior. But I could not get one close. If I order one from factory, do I still have room for negotiating price?
Also, it will take 3 month for delivery. Is current lease deal with low MF will stay until then?
Thanks.
I would like some clarification regarding Q7 Lease quote for a 3.6 Premium:
1) I have been quoted a price of invoice plus a $495 inspection/advertising fee that apparently is added to all Audi vehicles invoice prices at port - is this correct?
2) I am being quoted that both the $575 acquisition fee and the dealer $345 processing fee should be paid. This does not make sense, since I thought the processing fee was for purchase not lease and if you look at the Audi website the lease deal advertised there does not show any processing fees, just the acquisition fee. What exactly is required to be paid?
3) I am being told that the residual is 52% plus 1% with Audi Care for a 36 months/15,000 mile lease. Is this correct?
4) Is it correct that sales tax is added to the base lease monthly payment, not included in the fees when determining the monthly payment? I think the dealer is trying to grab extra money by including sales tax in the fees.
Thank you for your assistance, I am trying to close this deal this weekend.
Other than a couple of dealer fees, I am basically paying for the depreciation. Is this not great, or am I seriously missing something? At the end of the lease, I walk away or I can buy for the residual value (approx $30k) Either way, I haven't paid any significant interest in the 3 years.
Again, am I missing anything?!?
Thank you
Also, my money factor was 0.00038. I did 4 MSDs to lower it to 0.00006. Saves my $30/month. $3000 refundable deposit to save $360 year risk and tax free (12%) is a great deal.
Good luck!
Do you know what the money factor & residual value is on a 36 month lease with 12K mi/yr?
I'm looking at leasing the Q7 3.6L with comfort package.
Any input would be great!
1) Is the only reason why you guys want a higher residual to lower the monthly payments?
2) When Audi has the leasing deals they run now assuming you can keep the monthly payment the same it would seem like the lower residual would be the best -- am I wrong?
3) Currently I saw the following special:
MSRP $50,110.00 -- Residual $27,560.00, Dwnpmt $2,999,
Fee $575 Monthly cost $549 for 36 months total of $19,764 -- this brings the total cost of all you pay plus residual to $50,898.00 which is $788.00 over the MSRP. Assuming I could have lowered the cost of the car by about $2K if I had bought it my total additional cost for not buying the car cash would then be $2,788 for 36 months -- which is $1,000 / year for a $50K loan....which comes out to be 2% interest rate. To me this is a great deal. Before I go to the dealer - what am I missing? I plan on buying out the car in three years so to me mileage limitations etc are not relevant (my choice to buy or not right they can't stop me and demand milage money in 3 years right?)
Well several questions, but really appreciate your thoughts. I have never leased a car before, but real interested in this one as my Acura TL just can't handle the snow worth a lick.......
The MSRP was about $55,600. The selling price was $53,100. I'm sure I could have done a little better on the selling price given what I've read, but at the end of the day I was happy.