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What's the reason for leasing it for 39 months? I don't believe AoA has the 39 months special, if it's not on special then the rate is NOT .00006. Always ask for cap cost, residual, and money factor. If the interest of the lease is good and the deal is also good you should have
Drive off + total payments + residual < Sticker price
4500 + (544 x 35) + 28544 = 52084 < 53875 sticker on my car.
This is only the estimates, if it's over, I don't even take a look at the deal. Even with my deal, the dealer still made $1700 on my car.
The $1000 rebate is Q7 specific, one is supposed to have received a direct mail piece or email from Audi. However, my dealer have gotten over this and can offer it to anyone.
3.6 Premium, Nav, Sunroof, 4 zone climate control, Convenience, Cold Weather, and 20" Tires. So nice...
Let me tell you about my experience:
I started out at Walters Audi in Riverside, had not such a great experience. My sales person was great, but the sales manager was a jerk (stormed off in the middle of negotiations). And when I asked them about the $1,500 dealer rebate, they claimed that it wasn't available. Finally agreed on a price on the phone, and when I called to pick it up two days later, found out it was sold (to be fair, I guess I can't blame them for this part - I hadn't put down a deposit, so why should they have held the car?).
Tried a couple other dealers in LA. They were very nice, but I still wasn't able to find the car that I wanted. Then I happened to sign on to Carspace today, and saw the post from the person at Penske. Called him and negotiated a great deal on the phone, and by the end of the day, I had my car.
Cuz I know he's on here, I don't want to say how much I paid. I can say that the price was really good, and we didn't even really negotiate. Definitely check out Penske.
I wouldn't have found this deal if I hadn't happened to check on Carspace.com today. Gotta love the internet. I can't remember what we did before.
I found this forum in a google search for Audi Q7 lease prices. I've been reading some of the discussions and I have a couple of questions myself.
First, what do the terms cap cost, residual, and money factor mean?
I'll give a little insight on my situation and hopefully somebody can help me.
I currently lease a 2005 Audi A4. My lease is maturing and my turn-in date is anytime from now until 5/7/08. I've already had SGS Automotive complete the inspection process and I'm "good to go". I would like to turn the car in and lease an Audi Q7. I'm undecided if I want to do it now or wait until the fall. I was planning on driving a family vehicle until the fall, pay off some bills and get ahead. But Audi is offering to waive the fees that would normally uphold at signing and I figure it would be around $2500, if not more. The only contingency is that I lease an Audi vehicle within 30 days of my current lease mature date. So if I want to take the deal, I need to do it soon.
I have a Q7 that I am looking at. The sticker price is $52,125. Its a 2008 Audi Q7 premium, 3.6L V6. I prefer the V6 over the V8 for gas prices, etc. It is also the color I prefer.
I am planning on making an appointment to talk #'s with the dealer but I've been reading other peoples comments and just need some clarification on some things. I've read about the $1000 incentive but that it is not offered in the Northeast area. And the terms cap cost, residual, and money factor are confusing to me which I think is a really bad start!! It sounds like terms I should or need to know before leasing this vehicle.
Can anyone help me? And maybe give a "ball-park" figure on what I might be looking at for a lease price...let's say 12,000 miles per year and a 24 or 36 mo. lease. I want to make sure it's in my allowed price range before I even think about going to the next step.
In regards to explaining the terms other can do a better job with links etc. However, those terms will allow you to calculate your interest rate - in simple terms. So yes you should know them when you negotiate a deal...
Secondly for the Central Region (not sure if available in your area, so go AUDI.com to check specials) we can get a MSRP $52,295 - Q7 3.6 Premium with convenience package, panorama sunroof and destination charge for $589 / month. That is for 10K miles / year and amount due at leas (security waived and first month included) $3,534
If you don't mind me asking, where did you find that price? Did you get it off of the Audi website directly? I am in the Northeast region - So would the $589 per month still be accurate? I agree, it would be a great deal but not sure if it applies to my area...Vermont.
I think I misunderstood what is waived during sign-on. I thought when I read it, it meant that I would only owe the first inital down payment and everything else would be waived! But I may be wrong...I really want to try and stay away from the $3000+ due at signing...But I guess we'll see.
Lease Deal in NY After months on going back and forth with the dealers - I was between an Audi Q7 3.6 Premium and an Acura MDX w-tech. I just signed the lease on the following: Audi 3.6 Premium Q7 (20 in Wheels, Panaromic Sunroof, Convenience Package, Navigation, Cold Weather Package, Ipod adapter and Audi Care ) for a total of $2,200 out of pocket (basically $1500 + first months payment) and $705 per month.
36 month, 10K per year. Residual 52% + 1% (Audi Care @ $650) = 53% Money Factor - 0.0006 Dealer Contribution : $1,500 (applied to reducing cap cost) Drive Off : $3,200 (including dealer contribution & first month payment, DMV, and ect)
Final Monthly Payment : $660 per month (Including 7% NJ Tax)
How do you think? Was it good or bad deal? I really can't figure it was good or bad deal. I am not sure it was below invoice deal or not. I don't think I did too bad but just want to listen your thoughts.
36 month, 10K per year. Residual 52% + 1% (Audi Care $650) = 53% Money Factor - 0.0006 Dealer Contribution : $1,500 (applied to reducing cap cost) Drive Off : $3,200 (including dealer contribution & first month payment, DMV, and ect)
Final Monthly Payment : $660 per month (Including 7% NJ Tax)
How do you think? Was it good or bad deal? I really can't figure it was good or bad deal. I am not sure it was below invoice deal or not. I don't think I did too bad but just want to listen your thoughts.
Sounds like a good deal overall. I live in NY and interested in a Q7 as well. Can you disclose the dealer name? The deal I was given over the phone was for $733, with similar option except Navi, but only $909 down. Was your deal for 10K or 12K a year?
Beoperson, that sounds like a good deal. What was the selling price on your Q7? Which dealer?
The residual and rates are what they are, so to me, the bottom line really rests in the actual selling price of the car - i.e., how much above invoice can I reasonably expect to pay? I only want to put down bank fee, first month, registration.
I'm still deciding between the X5, Q7 and MDX. I've gotten good numbers on an MDX, not so good on the X5.
Hi beoperson. The problem that I personally have with demo vehicles is that dealers never seem to be willing to discount them enough for my personal taste. In order for me to personally justify purchasing a Q7 that already has 3,000 miles on it, I would want it to be at least $1,000 less expensive than a brand new model. That would be even more than the $0.25 per mile that you mentioned. If the dealer wasn't willing to discount the car that much, I'd just go with a brand new one. There's not really a right or wrong answer here, everyone has their one threshold for what it would take to convince them to buy a demo. Mine is pretty high.
For $22 per month less, I definitely would go with the 39 month term over the 36 month term. I have leased a number of vehicles for 39 months in the past to shave a few bucks off of the monthly payment.
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Hi jmunroe. The definitions of all of the terms that you asked about are available in the following article: Edmunds.com Leasing Glossary. If you don't fully understand how leasing works already, it would be in your best interest to check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Audi is providing dealers in your area with a special $3,000 cash incentive on Q7 models that have been sitting on dealer lots for a really long period of time, but no other incentives on leases of this truck in your area right now that I am aware of.
Lt's work up a sample lease payment on the Q7 that you are interested in to give you an idea of what to expect. The 2008 Audi Q7 3.6L Premium that you want probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. For now I will assume that you are able to get a $2,500 discount on this truck (around $1,000 over invoice). According to my calculations, if you were to lease a 2008 Audi Q7 3.6L Premium that has an MSRP of $52,125 and a selling price of $49,625 through Audi Financial Services' right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $705. The payment for an otherwise identical 36 month lease should be around $645.
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Hi keng3. I am not intimately familiar with what the market is like for the Q7 right now, but given how slow auto sales are right now and the fact that this truck is a gas guzzler at a time when gas prices are at a record high, I personally would shoot for a selling price of around $1,000 over dealer invoice or less and see what happens. Make sure to scroll back through some of the posts here and to stop by the "Audi Q7 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar trucks lately.
I can work up an approximate lease payment on this truck for you to give you a ballpark idea of how much it will cost to lease, but in order to do so I need to know what its MSRP is. Is the $57,975 price that you mentioned in your post the MSRP or the selling price that the dealer is offering?
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Hi fmansam. The selling price that you mentioned looks good to me. Just make sure that the dealer that you are working with uses Audi Financial Services' current buy rate lease money factor of .00006 to calculate your monthly payment and you're all set.
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Hi I am here in Dallas I've owned and lease 20 mercedes, 4 BMW and 2 Porsche I test drove the Q7 the other day and like it better than Mercedes R350
FYI - Boardwalk Audi in Plano have $5000 discount on most if not all of their 08 Q7. I am still working on a deal with them I am looking at a car with sticker of $53000 minus $5000 discount Tax her ein TX is 6.25% and you have to pay for the entire cost - not just the lease portion. The net cost of this car is $47000 Trade in $23000 Taxable $47000 - $23000 = $24000 or $1500 ($41.66 per month for 36 months) my calucation is $613 plus tax (.0006 money factor)
Hi Carman My Q7 MSRP $53000 Buying price $47000 Money factor .0006 lease 36 month Trade in $23000 (for tax purpose only - I trade in my car but will not put down payment)
my calculation residual vaule 50% $26500 depreciation $20500 : 36 = $569 moany factor .0006 x $73500 = $44.10 (buying price + residual) x .0006
payment $569 +$44.10 = $613
taxable value $47000 - $23000 (trade in) = $24000 $24000 x 6.25% = 1500 monthly tax $1500 : 36 = $41.66 total cost of lease $613 plus tax $41.66 = $654.66
Can you tell me if you think I am getting a good deal on a Q7 3.6 Premium, NAV Premium Package Comfort Package IPOD Black/Grey no Sunroof
MSRP $50,925 Selling Price of $47,500 Less $1000 Conquest money to switch from BMW
My Cash Contribution of $3000 Sale Subtotal: $43500 Total Financed $46133 Residual of 53% APR of 0.68% = MF approx of 0.00028 36 month deal Taxes and Title, $1531, (VA 3% +$59)
this issue is driving me crazy and would love some input.
One dealer is giving me $3000 off MSRP and no discounts. I am actually eligible to get $750 for Audi Loyalty + another $750 for Audi Conquest (state specific offers for people coming off lease)
I asked the one dealer with the $3000 off MSRP if can i put the AUDI discounts ontop of that deal- he said no, the other dealer is giving me a pretty good price with the discounts.
At the end of the day, the final prices i am getting from both is pretty similar -- I guess i shouldn't worry about it, but why would some dealers disregard the Audi Loyalty discounts and give their own $$$ discounts?
Also, i see on this board some people are getting $5000 of MSRP -- what is the going rate these days for offers like these?
I've found this deal online and have visited a local dealer in CA, but I'm a bit hesitant as I had never leased a car before. I've always bought; but this deal has caught my attention:
"$559* lease per month for 36 months Now through May 2, 2008
Down payment: $1,999 Refundable security deposit: $0 Acquisition fee: $575 First month's payment: $559 Amount due at lease inception: $3,133 Excludes taxes, title and dealer fees
*36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 5/2/2008. Rate based on $50,975 MSRP of 2008 Audi Q7 3.6 Premium with Quattro, Panorama Sunroof and destination charge. Purchase option at lease end for $26,507.
Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end."
I'd appreciate your thoughts, I like the car and it seems to me that I could get away with paying $23K for the first three years and then buy the car for $26.5K @ 5.5% and end up paying $30K in total.
Any feedback will be greatly appreciated. :confuse:
Holy Toledo, tleco. You certainly have had a lot of cars :surprise:. Thanks for taking the time to share the price that you were quoted for the Q7 with others. You sound like you would be a fountain of information for the Dealer Ratings & Reviews section of this site. Make sure to stop over and check it out. Thanks.
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Hey tleco. In your post you mentioned a money factor of .00060, but Audi Financial Services' current buy rate for the 2008 Q7 3.6L is .00006. You probably just missed a zero when typing, but I wanted to make sure that the dealer is not trying to mark your truck's money factor up on you.
Let's work up a sample lease payment on this vehicle and see what we come up with. According to my calculations, if you were to lease a 2008 Audi Q7 that has an MSRP of $53,000 and a selling price of $47,000 through Audi Financial Services right now for 36 months using a money factor of .00006 and a residual value of 50%, its zero down, pre-tax monthly payment would be around $574.
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Hello capsfan. I believe that the dealer invoice price off the Q7 that you are interested in is around $47,415. A selling price of $47,500 prior to the deduction of any cash incentives is an outstanding deal. The money factor that you mentioned is slightly higher than Audi Financial Services' factor for this model though. AFS' current buy rate for a 36 month lease of an '08 Q7 3.6L Premium is .00006. Make sure that the dealer uses this factor to calculate your monthly payment.
I see that you are considering making a $3,000 capitalized cost reduction on your lease. I always advise consumers against making large cap cost reductions when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you will be much better off going with a zero down lease.
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Hi fishhead. If the $750 loyalty incentive that you mentioned is an official Audi offer, the the dealer is not paying for it. Perhaps the one that quoted you the $3,000 discount is planning on having you sign over the loyalty cash to them as part of the transaction.
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Welcome to the Edmunds.com forums, orzo. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
In my experience, savvy consumers who live in an area that has a decent level of competition are usually able to negotiate better deals than manufacturers' official advertised lease payments on their own by shopping around. The best way to get a good deal on a lease of an Audi Q7 is do some research here at Edmunds.com to find out what the dealer invoice price of the exact model that you want is. then comparison shop with a couple of dealers to see how close you can get to that number. Once you have arrived at a selling price that you are comfortable with, have the dealer that is giving it to you calculate your truck's monthly payment using Audi Financial Services' buy rate lease money factor. AFS' buy rate for a 36 month lease of a 2008 Q7 3.6L Premium is .00006.
Good luck in your quest for your first leased vehicle and let us know if you have any other questions.
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Car-man believe it or not it sound a little stupid. As many cars as I've claimed to own and leased- but I nver really worry too much about the lease break down. I negotiated the best price for the car and let the sales people do the lease. I know they make some extra money but I dont realy care. Suddenly my wife wanted to get involved with the lease and she wants to squeeze every penny out of the deals sometime it becomes extremely unreasonable and embarassing. SInce Audi Q7 will be my first Audi, I went to this website to see the opnions about the cars and learned a little about the lease questions.
Now I know the details of the break down for my purpose but still give the sales people a little to eat.
for example : msrp - 53425 cap cost - 50000 lease cash 1500 conquest rebate 1000
I obviously can lower the cap cost to 47500 or I can use the 2500 against the inception fees & sales tax but ... can I roll the inceptions & sales tax into the lease and ask for a check for $2500 ?
Car Man, Just wanted to know if I am getting a good deal on this. I live in NY and am being offered this car for 669 per month tax included. DAS is first month, bank fee, DMV fee and NY tax which come out to a grand total of 1,697. Any thoughts?
Carman Are you sure they have 4 Zero? .0006? I thought it is .0006 Even with that, I came up with approx $613 plus tax. They came up with $750 including tax. Tax here in Texas we have to pay the whole amount - not just the lease. I am trading in a car worth $23K - So I am paying the different of $47-$23K in tax.
Where do you get the info regarding moeny factor for Audi at .00006?
Carman http://www.dallasareaaudidealers.com/audi/regional_aoa/dallas/AudiQ7_LeaseOffer0- 8.html According to the web site the special is $579 per month for 36 months with $2500 down and TTL. How can I get to the price you are quoting without sounding too stupid. As I have mentioned, I have paid what I want to pay without working with the break down. I know I am paying about $30-50 more per month depend on the car. in the past. Now I have been educated by this site and want to know the right reason why you came up with that number
I think it is a pretty good deal. this is what I was able to get : msrp of 53425, convenience, sunroof, cold weather cap cost of 50650 including audicare edmunds invoice is 49750, so my selling price was 250 over invoice and I am paying for the audicare. a 36 month / 15k lease payment on this is $670 without 7% sales tax inceptions amounted to 3430, first month of 670, bank fee of 575, dmv fee of 259, doc fee of 179, sales tax of 1747. I used the 1500 of audi lease cash to reduce the inceptions to 1930. I also used the 1000 conquest rebate to reduce the inceptions to 930.
so your deal is comparable to mine and I thought I got a pretty good deal. are you getting 36 / 15k ? wear is your lease cash being applied ? are you eligible for the conquest rebate ?
36mo/10K 669 including taxes per month DAS = First Month 669 DMV = 250 Bank Fee = 595 Tax = 183 Total = 1697 Not sure where the lease cash is going but I am getting the 1500 cash back which i believe is the conquest rebate. Q7 3.6 premium with Conv. PKG and sunroof which I forgot to mention.
My first post. Thank you in advance for your attention and help. My wife and I are considering leasing a 2008 Q7 Premium. If I understand things correctly, the money factor used to calculate the monthly lease payment should be .00006. I am being told by our local Audi Sales Manager (there is only one in town) that the money factor is different for different Audi regions and/or markets. Thus he is quoting us a money factor of .00042 (1%). Under our particular leasing scenario, the difference between the .00042 and .00006 is approximately $33.00 per month. I haven't yet countered with the .00006 factor (pending an answer to this question). 1) Is there basically one money factor (for example the .00006) that should be used by all Audi dealers nationwide or does it change from market to market? and 2) will I lose all credibility from this local sales manager when I ask him for the .00006 money factor given the significant difference between this rate and his offer to us (.00042)? Thanks for your help.
.00006 you will have lease charge for Q7 max out @ $5- $7 example (61000 (full capcost) + 32330 (53% residual))*.00006 = 5.6 . That's sticker price @61000 and you finance all 61000.00. Therefore, even if you give them $6 lease charge, you're safe. (Whatever the payment is - tax - $6.00) x 35 months + your drive off + rebate + residual = the price they're selling for.
yes, when it has only 3 zeros in the money factor, it's about $28-30 different on the payment.
Lease rates are the same everywhere. The reason they give you .00042 is because they want to make 800-900 extra on the interests or sell you something in the finance and credit you with that interests.
You only lose credibility is if they give you everything you asked for and you then don't want to go through with the deal.
They need to make some money to survive, therefore, IMO $1500 profit total is a win-win deal.
Comments
Thanks
Always ask for cap cost, residual, and money factor.
If the interest of the lease is good and the deal is also good you should have
Drive off + total payments + residual < Sticker price
4500 + (544 x 35) + 28544 = 52084 < 53875 sticker on my car.
This is only the estimates, if it's over, I don't even take a look at the deal. Even with my deal, the dealer still made $1700 on my car.
Good luck,
-Jerry
Let me tell you about my experience:
I started out at Walters Audi in Riverside, had not such a great experience. My sales person was great, but the sales manager was a jerk (stormed off in the middle of negotiations). And when I asked them about the $1,500 dealer rebate, they claimed that it wasn't available. Finally agreed on a price on the phone, and when I called to pick it up two days later, found out it was sold (to be fair, I guess I can't blame them for this part - I hadn't put down a deposit, so why should they have held the car?).
Tried a couple other dealers in LA. They were very nice, but I still wasn't able to find the car that I wanted. Then I happened to sign on to Carspace today, and saw the post from the person at Penske. Called him and negotiated a great deal on the phone, and by the end of the day, I had my car.
Cuz I know he's on here, I don't want to say how much I paid. I can say that the price was really good, and we didn't even really negotiate. Definitely check out Penske.
I wouldn't have found this deal if I hadn't happened to check on Carspace.com today. Gotta love the internet. I can't remember what we did before.
- R
First, what do the terms cap cost, residual, and money factor mean?
I'll give a little insight on my situation and hopefully somebody can help me.
I currently lease a 2005 Audi A4. My lease is maturing and my turn-in date is anytime from now until 5/7/08. I've already had SGS Automotive complete the inspection process and I'm "good to go". I would like to turn the car in and lease an Audi Q7. I'm undecided if I want to do it now or wait until the fall. I was planning on driving a family vehicle until the fall, pay off some bills and get ahead. But Audi is offering to waive the fees that would normally uphold at signing and I figure it would be around $2500, if not more. The only contingency is that I lease an Audi vehicle within 30 days of my current lease mature date. So if I want to take the deal, I need to do it soon.
I have a Q7 that I am looking at. The sticker price is $52,125. Its a 2008 Audi Q7 premium, 3.6L V6. I prefer the V6 over the V8 for gas prices, etc. It is also the color I prefer.
I am planning on making an appointment to talk #'s with the dealer but I've been reading other peoples comments and just need some clarification on some things. I've read about the $1000 incentive but that it is not offered in the Northeast area. And the terms cap cost, residual, and money factor are confusing to me which I think is a really bad start!! It sounds like terms I should or need to know before leasing this vehicle.
Can anyone help me? And maybe give a "ball-park" figure on what I might be looking at for a lease price...let's say 12,000 miles per year and a 24 or 36 mo. lease. I want to make sure it's in my allowed price range before I even think about going to the next step.
Thanks
Secondly for the Central Region (not sure if available in your area, so go AUDI.com to check specials) we can get a MSRP $52,295 - Q7 3.6 Premium with convenience package, panorama sunroof and destination charge for $589 / month. That is for 10K miles / year and amount due at leas (security waived and first month included) $3,534
Pretty sweet deal in my mind
I think I misunderstood what is waived during sign-on. I thought when I read it, it meant that I would only owe the first inital down payment and everything else would be waived! But I may be wrong...I really want to try and stay away from the $3000+ due at signing...But I guess we'll see.
Thank you for all of your help
After months on going back and forth with the dealers - I was between an Audi Q7 3.6 Premium and an Acura MDX w-tech. I just signed the lease on the following:
Audi 3.6 Premium Q7 (20 in Wheels, Panaromic Sunroof, Convenience Package, Navigation, Cold Weather Package, Ipod adapter and Audi Care ) for a total of $2,200 out of pocket (basically $1500 + first months payment) and $705 per month.
I think this is a great deal...any comments
is sales tax part of the $2200 or in the payment ?
which dealership ?
(April 12th 2008)
You Experts!!!.... Please reply with some comments.
Q7 3.6 Prem.
MSRP $57,075
Options Included,
1. PPX - Conv Pkg
2. 3FU - Panorama roof
3. PND - Navigation
4. PRM - 20'' Wheels
5. Quartz Gray Metalic - (additional $750)
36 month, 10K per year.
Residual 52% + 1% (Audi Care @ $650) = 53%
Money Factor - 0.0006
Dealer Contribution : $1,500 (applied to reducing cap cost)
Drive Off : $3,200 (including dealer contribution & first month payment, DMV, and ect)
Final Monthly Payment : $660 per month (Including 7% NJ Tax)
How do you think? Was it good or bad deal? I really can't figure it was good or bad deal. I am not sure it was below invoice deal or not. I don't think I did too bad but just want to listen your thoughts.
Your help would be highly appreciated.
God Bless and Thank you all.
JH
(April 12th 2008)
You Experts!!!.... Please reply with some comments.
Q7 3.6 Prem.
MSRP $57,075
Options Included,
1. PPX - Conv Pkg
2. 3FU - Panorama roof
3. PND - Navigation
4. PRM - 20'' Wheels
5. Quartz Gray Metalic - (additional $750)
36 month, 10K per year.
Residual 52% + 1% (Audi Care $650) = 53%
Money Factor - 0.0006
Dealer Contribution : $1,500 (applied to reducing cap cost)
Drive Off : $3,200 (including dealer contribution & first month payment, DMV, and ect)
Final Monthly Payment : $660 per month (Including 7% NJ Tax)
How do you think? Was it good or bad deal? I really can't figure it was good or bad deal. I am not sure it was below invoice deal or not. I don't think I did too bad but just want to listen your thoughts.
Your help would be highly appreciated.
God Bless and Thank you all.
JH
I assume from your Drive Off : $3,200 you paid only $1700 after dealers contribution of $1500
I have just pulled the trigger in NJ dealership
Q7 3.6 Prem.
MSRP $56,825
Options Included,
1.Conv Pkg
2.Panorama roof
3. Navigation
4. 20'' Wheels
5. Cold Weather
(36 month 10K)
Inseption Fees $1729 including first payment and Bank Fee
Monthly payment $633 includes audi care and NY tax (%8.375)
The residual and rates are what they are, so to me, the bottom line really rests in the actual selling price of the car - i.e., how much above invoice can I reasonably expect to pay? I only want to put down bank fee, first month, registration.
I'm still deciding between the X5, Q7 and MDX. I've gotten good numbers on an MDX, not so good on the X5.
I had $1000 conquest rebate coupon
Cap Cost $49,877 after $1500 from Audi plus $1000 conquest
Convenience package
Tech package
Cold weather package
20" wheels
Panorama sunroof
Audi care
etc.
The dealer and I came out at a price of 57975 plus tax.
First: Is that a good price?
Second: What should a no money down, 12,000 mile per year 36 month lease payment be for that?
Any help would be greatly appreciated.
Thanks
I have 3.6 Prem Quartz Grey/blk Leather
tow, pan, cold, dvd & conv + 20 inch weels
36 mth 12k MSRP $58125, resid $29643 and cap $55125 plus another 1000 off audi disc.
drive off coss 575+ 1st mth ans tax on 1000.
Mth lease 685 + tax.
Doeas this sond good, I am trying to get them down to low 600's plus tax... we will see what happens.
I have looked at a Q7
$52,000 and $5000 dealer discount. The car cost $$47,000
with $3000 down - the payment is $750 a month included 6% tax
Car_man
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For $22 per month less, I definitely would go with the 39 month term over the 36 month term. I have leased a number of vehicles for 39 months in the past to shave a few bucks off of the monthly payment.
Car_man
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Audi is providing dealers in your area with a special $3,000 cash incentive on Q7 models that have been sitting on dealer lots for a really long period of time, but no other incentives on leases of this truck in your area right now that I am aware of.
Lt's work up a sample lease payment on the Q7 that you are interested in to give you an idea of what to expect. The 2008 Audi Q7 3.6L Premium that you want probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. For now I will assume that you are able to get a $2,500 discount on this truck (around $1,000 over invoice). According to my calculations, if you were to lease a 2008 Audi Q7 3.6L Premium that has an MSRP of $52,125 and a selling price of $49,625 through Audi Financial Services' right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $705. The payment for an otherwise identical 36 month lease should be around $645.
Car_man
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I can work up an approximate lease payment on this truck for you to give you a ballpark idea of how much it will cost to lease, but in order to do so I need to know what its MSRP is. Is the $57,975 price that you mentioned in your post the MSRP or the selling price that the dealer is offering?
Car_man
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Car_man
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I am here in Dallas
I've owned and lease 20 mercedes, 4 BMW and 2 Porsche
I test drove the Q7 the other day and like it better than Mercedes R350
FYI - Boardwalk Audi in Plano have $5000 discount on most if not all of their 08 Q7.
I am still working on a deal with them
I am looking at a car with sticker of $53000 minus $5000 discount
Tax her ein TX is 6.25% and you have to pay for the entire cost - not just the lease portion.
The net cost of this car is $47000
Trade in $23000
Taxable $47000 - $23000 = $24000 or $1500 ($41.66 per month for 36 months)
my calucation is $613 plus tax (.0006 money factor)
They quoted $750
My Q7 MSRP $53000
Buying price $47000
Money factor .0006
lease 36 month
Trade in $23000 (for tax purpose only - I trade in my car but will not put down payment)
my calculation
residual vaule 50% $26500
depreciation $20500 : 36 = $569
moany factor .0006 x $73500 = $44.10 (buying price + residual) x .0006
payment $569 +$44.10 = $613
taxable value $47000 - $23000 (trade in) = $24000
$24000 x 6.25% = 1500
monthly tax $1500 : 36 = $41.66
total cost of lease $613 plus tax $41.66 = $654.66
Please tell me if this is correct
Best regards
Can you tell me if you think I am getting a good deal on a Q7 3.6 Premium,
NAV
Premium Package
Comfort Package
IPOD
Black/Grey no Sunroof
MSRP $50,925
Selling Price of $47,500
Less $1000 Conquest money to switch from BMW
My Cash Contribution of $3000
Sale Subtotal: $43500
Total Financed $46133
Residual of 53%
APR of 0.68% = MF approx of 0.00028
36 month deal
Taxes and Title, $1531, (VA 3% +$59)
Monthly: $553
Good Deal or Not?
MSRP -- $51450 (premium, sunroof, cold, Quartz metallic, Black Leather)
$3000 off MSRP
(36mos, 12k, Audicare 51+1=52%, .00006, )
$3000 Down (keep payments lower)
i have a Monthly pmt of $643 and includes NY 8.XX% tax
that MSRP seems really low with NAV and & comfort
So I take it you think it is a good deal, then.
One dealer is giving me $3000 off MSRP and no discounts. I am actually eligible to get $750 for Audi Loyalty + another $750 for Audi Conquest (state specific offers for people coming off lease)
I asked the one dealer with the $3000 off MSRP if can i put the AUDI discounts ontop of that deal- he said no, the other dealer is giving me a pretty good price with the discounts.
At the end of the day, the final prices i am getting from both is pretty similar -- I guess i shouldn't worry about it, but why would some dealers disregard the Audi Loyalty discounts and give their own $$$ discounts?
Also, i see on this board some people are getting $5000 of MSRP -- what is the going rate these days for offers like these?
"$559* lease per month for 36 months
Now through May 2, 2008
Down payment: $1,999
Refundable security deposit: $0
Acquisition fee: $575
First month's payment: $559
Amount due at lease inception: $3,133
Excludes taxes, title and dealer fees
*36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 5/2/2008. Rate based on $50,975 MSRP of 2008 Audi Q7 3.6 Premium with Quattro, Panorama Sunroof and destination charge. Purchase option at lease end for $26,507.
Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end."
I'd appreciate your thoughts, I like the car and it seems to me that I could get away with paying $23K for the first three years and then buy the car for $26.5K @ 5.5% and end up paying $30K in total.
Any feedback will be greatly appreciated. :confuse:
Car_man
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Let's work up a sample lease payment on this vehicle and see what we come up with. According to my calculations, if you were to lease a 2008 Audi Q7 that has an MSRP of $53,000 and a selling price of $47,000 through Audi Financial Services right now for 36 months using a money factor of .00006 and a residual value of 50%, its zero down, pre-tax monthly payment would be around $574.
Car_man
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I see that you are considering making a $3,000 capitalized cost reduction on your lease. I always advise consumers against making large cap cost reductions when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you will be much better off going with a zero down lease.
Car_man
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Car_man
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In my experience, savvy consumers who live in an area that has a decent level of competition are usually able to negotiate better deals than manufacturers' official advertised lease payments on their own by shopping around. The best way to get a good deal on a lease of an Audi Q7 is do some research here at Edmunds.com to find out what the dealer invoice price of the exact model that you want is. then comparison shop with a couple of dealers to see how close you can get to that number. Once you have arrived at a selling price that you are comfortable with, have the dealer that is giving it to you calculate your truck's monthly payment using Audi Financial Services' buy rate lease money factor. AFS' buy rate for a 36 month lease of a 2008 Q7 3.6L Premium is .00006.
Good luck in your quest for your first leased vehicle and let us know if you have any other questions.
Car_man
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Tax in CA is it 8%? plus fee
Here in Texas we have to pay tax for the whole amount of the selling price - not just portion of the lease.
believe it or not it sound a little stupid. As many cars as I've claimed to own and leased- but I nver really worry too much about the lease break down.
I negotiated the best price for the car and let the sales people do the lease.
I know they make some extra money but I dont realy care.
Suddenly my wife wanted to get involved with the lease and she wants to squeeze every penny out of the deals sometime it becomes extremely unreasonable and embarassing.
SInce Audi Q7 will be my first Audi, I went to this website to see the opnions about the cars and learned a little about the lease questions.
Now I know the details of the break down for my purpose but still give the sales people a little to eat.
Best regards
msrp - 53425
cap cost - 50000
lease cash 1500
conquest rebate 1000
I obviously can lower the cap cost to 47500
or I can use the 2500 against the inception fees & sales tax
but ...
can I roll the inceptions & sales tax into the lease and ask for a check for $2500 ?
Does the no money down rule apply to a balloon purchase opportunity as well as a lease or just for a lease?
Thanks for the advice about the MF.
Just wanted to know if I am getting a good deal on this. I live in NY and am being offered this car for 669 per month tax included. DAS is first month, bank fee, DMV fee and NY tax which come out to a grand total of 1,697. Any thoughts?
Are you sure they have 4 Zero? .0006?
I thought it is .0006
Even with that, I came up with approx $613 plus tax. They came up with $750 including tax.
Tax here in Texas we have to pay the whole amount - not just the lease.
I am trading in a car worth $23K - So I am paying the different of $47-$23K in tax.
Where do you get the info regarding moeny factor for Audi at .00006?
Carman
http://www.dallasareaaudidealers.com/audi/regional_aoa/dallas/AudiQ7_LeaseOffer0- 8.html
According to the web site the special is $579 per month for 36 months with $2500 down and TTL.
How can I get to the price you are quoting without sounding too stupid.
As I have mentioned, I have paid what I want to pay without working with the break down. I know I am paying about $30-50 more per month depend on the car. in the past. Now I have been educated by this site and want to know the right reason why you came up with that number
Thanks
Tleco
http://forums.audiworld.com/q7/msgs/25016.phtml
this is what I was able to get :
msrp of 53425, convenience, sunroof, cold weather
cap cost of 50650 including audicare
edmunds invoice is 49750, so my selling price was 250 over invoice and I am paying for the audicare.
a 36 month / 15k lease payment on this is $670 without 7% sales tax
inceptions amounted to 3430, first month of 670, bank fee of 575, dmv fee of 259, doc fee of 179, sales tax of 1747.
I used the 1500 of audi lease cash to reduce the inceptions to 1930.
I also used the 1000 conquest rebate to reduce the inceptions to 930.
so your deal is comparable to mine and I thought I got a pretty good deal.
are you getting 36 / 15k ?
wear is your lease cash being applied ?
are you eligible for the conquest rebate ?
DAS = First Month 669
DMV = 250
Bank Fee = 595
Tax = 183
Total = 1697
Not sure where the lease cash is going but I am getting the 1500 cash back which i believe is the conquest rebate.
Q7 3.6 premium with Conv. PKG and sunroof which I forgot to mention.
Thanks for the money rate for the Q7
While at it - can you get me the money rate for Mercedes SLK280 for the wife
Thanks
Tleco
example (61000 (full capcost) + 32330 (53% residual))*.00006 = 5.6 . That's sticker price @61000 and you finance all 61000.00. Therefore, even if you give them $6 lease charge, you're safe.
(Whatever the payment is - tax - $6.00) x 35 months + your drive off + rebate + residual = the price they're selling for.
yes, when it has only 3 zeros in the money factor, it's about $28-30 different on the payment.
Lease rates are the same everywhere. The reason they give you .00042 is because they want to make 800-900 extra on the interests or sell you something in the finance and credit you with that interests.
You only lose credibility is if they give you everything you asked for and you then don't want to go through with the deal.
They need to make some money to survive, therefore, IMO $1500 profit total is a win-win deal.
Cheers and good luck,