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Audi Q7 Lease Questions
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36 months, 10K miles
MSRP : 56825
Invoice : 52902
Cap Cost : 50,200
Audi Care: 675
Acq. Fees: 575
License : 250
Doc: 50
Adjusted Cap Cost(incl. negotiated price, audi care, acq fees, license, doc) = 51750
LF: 0.00006
Residual: 53% = 30,117
Depriciation: 21633
Finance charge = 4.4$ a month (based on 0.00006)
Monthly premium = 21633/36 + taxes (55) + finance charge (4) = 660$
Have fun, Love Q7.
Q7 3.6 Premium w/Pano sunroof, 20" all season, Four zone climate, Conv package, and Nav. $2500 down total - $680/month. 36 months/12k. Lava Grey w/Black interior.
dealer was in PA but close to NJ and NY. email me - username @ yahoo if you need more specifics.
here is the specs of the lease on the audi website, is that a good deal, since this is going to be my first time leasing a car, please advice, thank you so much
sam
down payment $1,999
no security deposit
acquistion fee $575
first month's payment $559
amount due at lease inception: $3133
excluded taxes, title and dealer fees
36 Month lease
10,000 per year
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
thanks
sam
2008 Audi Q7 3.6 Premium
$649 per month
36-month lease*
Down payment $0
Security deposit $0
Acquisition fee - capitalized within lease contract ($575)
First month payment $0
---------------------------------------------------
Amount due at lease inception $0
10,000 miles per year
I got mine for $640 incl Audi Care and No $$$ down
36 months 15K a year
Q7 3.6 Premium MSRP $50750 minus $5000 discount
sam
They can ship the care for approx $900
Any help would be appreciated. Thanks in advance.
If you have MSRP and selling price, here are the lease parameters:
Money factor: .00006
Residual: 49% for 12K 50% for 10K (deduct 2% if you get S-Line package)
Acquisition fee: $575
Currently, Audi is paying the 1st months payment as well as an extra $1000 towards your down payment.
-Jerry
ray@wassef.org
36 months/12K year
$1500 Total out of Pocket
$550 month
Price includes all NY taxes and fees. As a novice to Leasing did I get an honest deal?
Thanks in advance
I generally have to say at this point though with subvented money factors on 2008 models (.00006) vs money factor on 2007 models (.00170-.00350 depending on which bank), the odds are that the 2008 model will lease much better.
There are a lot of variables in leasing previous model year cars and used cars. Not many people know how to do it (including 95% of sales managers and finance managers at car dealerships from personal experience). Usually the residual is a numerical value that one has to figure out and add/subtract for miles/options/etc. If you want to post the exact miles and options on the car, I can run some numbers on the 2007 demo when I get back to the office Tuesday for you.
-Jerry
The car is a 2007 4.2 Premium
* Leather Interior
* Moonroof
* Navigation System
* Premium Stereo
* Roof Rack
* Side Air Bag
* Towing Package
Vin#: WA1BV74L47D063252
It has just under 6,000 miles on it.
Rate: .00190- .00200
Bank Fee: $695 at tier (1)
Residal for 36/15K: 23675 (add 2% to this number for 12K)
Hope this is enough to get you started. But a very quick calculation shows a payment of low $900s + tax with no cap reduction assuming a sale price of $51.5K.
-Jerry
I just bought the exact same car this weekend (5/26/08) with the MSRP of $48,775 ($750 for the paint color) and got this deal.
36 months/10K year
$900 out of pocket (includes $689 dealer fee and all taxes)
$567 month + tax
Used Audi Summer Event as a baseline, so they paid first month's payment as well.
We were intending to just purchase a Q7 this summer, but times have changed and a baby and new house are now on the way. We're looking to lease now....we want a 2008 Q7 3.6 Premium, S-Line with the 20" rims (WQB), moonroof (3FU), convenience (PPX) and technology packages (XTA) - MSRP: $60,175, Actual Price:$56,800. We will most likely being purchasing it at the end of the lease. What kind of monthly should I expect on that kind of lease? Also, what kind of purchase price am I looking at when it's done? Are extended warranty plans available to vehicles coming off lease?
Thanks in advance for any help!
Not knowing what your tax rate is nor your DMV fees, a quick calculation under Cali taxes shows a payment of low-to mid $800s (pre-salestax) based on $0 drive-off (Summer of Audi program) and 15k miles per year.
For your own calculations:
Rate: .00006
Residual for 15K (3.6 Premium with S-Line) 45%
Bank fee: $575
In terms of end-of lease buyout and extended warranties, my best advice (and this may not hold true in the future) is get it CPOed. To do this is very easy though most dealers don't have a lot of experience with it. Basically, the dealer buys it from AFS when you return the car, runs it through the CPO process, and sells it back to you. Basically, you pay residual (or less based on the market pricing when these cars come off lease), a couple of shop hours, and the actual CPO costs, plus taxes and tags (as applicable in your county/state).
Most extended warranties are a pain-in-the-butt to deal with from the dealership level and rather expensive. The CPO process should be around $2K plus the costs of the reconditioning necessary, so it should be less expensive.
Hope this answers most of your questions
-Jerry
We have the option of Cook or DuPage county in Illinois for registering the car. Is one location better for registering under a lease? I thought I heard somewhere that there was a benefit to leasing in the city; conversely, a purchase is more beneficial in DuPage because of the lower sales taxes.
And, finally, last question - is there any way in that scenario to put something down at Lease Inception to lower the monthly payment? Not prepaying, but instead paying the fees, etc (altering the Summer Event a bit)?
Thanks again.
In terms of the putting money down to lower the payment, that's at your discretion, but when you get to borrow money at .00006 money factor, you're not paying anything in terms of profit for the bank. Also, the higher the payment, the higher the "rebate" from Audi under the Summer of Audi event.
I would personally put as little down as possible (heck maybe even roll in the start-up fees if possible), and take the slightly higher payment. You're realistically going to be spending roughly the same amount of money in the long run.
-Jerry
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Any help would be appreciated. Thanks in advance.
Vehicle MSRP $56525
Cash Sale Price $54500
Acq $575
Cap Reduction $624.44
ResFactor 48% (since 2 pts for S-Line)
Residual $27132
State DMV Fee $447
TTL Cap Cost $55075
TTL CC REduct $624.44
ADJ Cap Cost $54450.56
Customer Cash $2000
Drive Off $2000
Mthly Base $763.74
Mthly Tax $59.19
Mthly Paymt $822.93
Term 36 Rate .00006
10k/yr
Down Payment: $2,699
Refundable Sec. Deposit: $0
Acquisition fee: capitalised ($575)
1st month's payment: $499
Purchase Option at end $21,537
10,000 miles/year ($0.25/mile over)
Disposition fee $350
These numbers sound too good to be true. Has anyone taken advantage of this offer? If so what's the catch and what should I watch out for? I know for one that it does not include dealer contribution and other dealer fees. How much should these typically be? I plan to lease next week.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Their summer special is 649 a month 0 down which i like a lot but the truck is missing nav, so I added a couple of packages, can you help me figure out whats the best deal I can aim for at the dealership.
This are the specs:
2008 Audi Q7
3.6 Premium quattro 4dr SUV AWD (3.6L 6cyl 6A)
Base price
MSRP $48,350
Invoice $44,965
XTB Technology Package
MSRP $4,300
Invoice $4,001
PPX Convenience Package
MSRP $1,950
Invoice $1,813
3FU Panorama Sunroof
MSRP $1,850
Invoice $1,721
Total Optional Equipment
MSRP $8,100
Invoice $7,535
Destination Charge
$775
Total with Options
MSRP $57,225
Invoice $53,275
Good luck and please post any info/results you get.
If anybody has a clue of their july incentives please let me know I am kind of afraid to blindly rol the dice.
Thanks
I'm looking at a Q7 3.6 Premium with convenience, navigation, sunroof, and 19" wheels.
MSRP: $55,525
Edmunds invoice is: $51,565
Dealer said invoice is: $52,581
What is a good offer price on this car? $500 below the edmunds invoice price?
The money factor calculates to 1.68% with a 50% residual -- is this the same for you?
I understand where you're coming from about not wanting to wait. This is my 2nd Treg and I've been leaning toward the X5. If I'm going to have a third VW/Audi product (and more ups and downs) it's got to be a super sweet deal otherwise I'll cough up a few more bucks and go for the Bimmer.
"Southern California Audi Ad Assoc.": $449.65
"SCADA2 Audi DAA": $272.75
"Preparation and Inspection": $195.00
So that's $917.45 of added charges that Edmunds doesn’t show.
Audi is currently offering $1,000 Customer Cash, so $500 below the Edmunds Invoice price would be a good price in my opinion.
Please let me know if my calculations are correct.
10k miles, 36 mo Q7 premium nav, conv & panoramic roof.
MSRP 53825
INVOICE 50111
Residual Factor 50%
Residual Value 26917.5
Money Factor 0.00006
36 mo depreciation 23,193.50
Lease Terms 36
Monthly Depreciation 644.2638889
Cap cost + residual 77,028.50
(cc + res) X MF 4.62171
MF pmt + mo dep 648.89
Tax 6% 38.9
Bottom Line Mo Pmt 687.79
Is this the lowest possible monthly payment on this truck with 0 down just tax, tag, title and dealer fee due at signing?
How much more would it be for audi care?
TODAY IS THE LAST DAY FOR THE SUMMER EVENT SO YOUR HELP IS VERY APPRECIATED.
THANKS
Thanks!
MSRP = $46,175
Sales Price = $43,900
Initial Payment = $3,000 towards first payment, etc.
Residual = 58%
Rate = .00036
Payments worked out a $766.21 which worked for me BUT here comes the kicker....they said that this was based on lease rates before July 7! Evidently since I don't need the vehicle until the end of July these lease rates cannot be applied. The dealer said they would contact the Regional Manager to get more info on future lease rates but they called me back and said they could not get those rates for leases during the last 3 weeks of July. According to them Audi has NO lease deals for the last 3 weeks and they don't anticipate getting any more deals until August when they will start selling 2009 models. Does this seem kosher? Should I try another local Audi dealer. My problem is that the money factors for 24mth leases seem to be really bad this year and Audi was one of the few that had a decent offer. Land Rover didn't have anything due to their purchase by Tata and BMW, MB, etc. have HORRIBLE rates for 24mth leases. Yes...I know I should look at other terms but my company allows me to get a new lease every two years so why should I agree to a longer term? Max payment can be $800 per month.
my understanding is that there is a large ($5K amount, I've heard) of dealer cash available on sales, not leases. Maybe you want to look at third-party leasing companies (try leasecompare*com) who would buy the car (so you can take advantage of the dealer cash) and then lease it back to you. Not sure if this makes sense, but you can look online to check it out.
Money factor was .00006
Things changed but one thing for sure ...you should get more discount on the car. AT least $5000 Off