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Audi Q7 Lease Questions
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Comments
The car we are replacing is a BMW X5, so will Audi let us combine the Loyalty and the Conquest rebates for a total of $2,500?
Thank you.
Car_man
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Car_man
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The numbers for an otherwise identical lease of a 2009 Q7 3.6 Premium are .00015 and 42%.
Audi is not currently providing support on 48 month leases, so you definitely do not want to lease either of these trucks for that long.
Yes, the $1,000 conquest cash is still available on leases of both of these trucks.
Car_man
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Originally, his best offer was $6000 first payment and 690 plus tax on monthly, then I told him $4000 first payment and 690 plus tax and then I remembered that Audi should pick up the first payment so I told him $3300 first payment and then $690 plus tax on monthly.
He asked me for my information and did a credit check without letting me know if his manager had approved the numbers and then came back to me and told me that although my credit score was very high, but there isn't a lot, (I'm not sure what that means) so my lease may not get approved. I told him to send it through anyway and he mentioned that he will have an answer to me by tomorrow afternoon.
Is this the normal procedure or is this some trick? And how is the deal? i asked him for residual value and money factor but he says that it would make more sense to work it back because working it the regular way may not come up with the down and monthly requirement that I want.
Thanks for any help
2009 Q7Premier Plus
20” Wheels
Sunroof
MSRP: $54.5K
Loyalty: $1,500
Sale Price: 52.9K (Before Loyalty)
Tax: $0.00 (Dealer Said they had Tax Credits they could use against)
Residual: 45% (Originally 42% but add 1 Point for Maintenance, 2 for 10K miles)
Money Factor: .00015
Down Payment: $143.00 (Title and License fee)
Audi Paid: 1st Month
Dealer Paid: Remaining 2 months remaining on our RX350 Lease ($1197.24)
My lease payments are $754.20 for 36months and 10k miles per year.
I think I got a good deal, according to this forum. Love The Car. Would love to hear your thoughts. (Greater Chicago Area)
Also, it sounds like the residual value of the same car has dropped 7-10% from early 2008 with similar MF. I am wondering what Audi's strategy is. Do you see their lease program fully compensated by no payment drive-off and special lease supports? Or the car's residual value has really fallen off the cliff to low/mid 40s while the X5 is staying on the high 50s?
If you haven't already, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well.
Enjoy your new ride :shades: !
Car_man
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Over the past several years manufacturers have been consistently overestimating vehicles' residual values. The chinks in the armor started to show when gas prices exploded last summer and the value of used SUVs fell off of a cliff. The low resale value disease spread to cars as the economy worsened. Now the vehicles that are coming back off lease are worth much less than banks were estimating that they would be worth several years ago, causing them to take millions of dollars in losses. As a result, most banks have become much more conservative in estimating vehicles' residual values for leases.
It's not fair to compare any bank's residual values to BMW's. BMW Financial Services consistently, intentionally overestimates vehicles' residuals as a form of lease support to help its parent company sell more vehicles. Its residuals are not realistic.
Car_man
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Tks.
firstly, i don't think that i need confirmation from anyone that this is a cherry of a deal... but more importantly, is it something that i should consider since it is not from a dealership but from a lease broker... i mean, who knows what the reputation is of those guys and if i will get riped off or not... i mean, what about the vehicle warranty/condition/etc...
any advice???
p.s. the company is www.mandvleasing.com
The rate seems good -- no reason to expect problems. They advertise cars heavily on swapalease.
Audi is currently providing a $350 cash incentive on leases of this truck through AFS. It isn't much, but you might as well make sure to take it into account when negotiating your Q7's capitalized cost.
Car_man
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Car_man
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Do you know the MF and residual on a 3.6 or 4.2 for 36 months and 15k per year?
I have an audi now. Is there loyalty cash? non-loyalty cash?
Please advise soon.
Thanks
I leased my Q7 Premium last year for $630 A month NO $$ down 15K a year including Audi care.
The deal was too good to pass up. I own and leased more than 30 Mercdes and BMW before and would never considered Audi until they have that promotion. The money factor was .00006.
The lady next door has the only Q7 in the negiborhood..Now we have 10 Black Q7 at my daughter school.
Car_man
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Audi is currently providing $1,500 owner loyalty cash on leases of the '09 Q7 3.2 and $2,500 on leases of the 4.2. It also has $4,000 dealer cash on these trucks, but it is not compatible with the lease program.
Car_man
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What are the MF and Residual for a 2010 Q7 3.6 and TDI ?
How much profit does an Audi dealer have in a car? (in percentage) - I don't believe they buy at invoice, but they can sure sell at invoice or less.
Thank you
Should you use an independent firm to inspect it or just trust local dealer to arrange inspection??
Should I have scratches fixed, detail the interior and exterior, etc....
Do they hit you with a smoker fee? cigars
Anyone know of any surprise charges to expect ?
My new dealer is saying just give it a quick $8 car wash and do not sweat it .
Thanks !!
I don't think that Audi is providing lease support on the '10 (it looks funny to write that doesn't it...man I feel old) Q7 3.0 TDI.
It is highly unlikely that you will be able to find a dealer that will sell you a 2010 Q7 for less than dealer invoice. If I was in the market for one right now, I personally would shoot for $500 over and see what happens. Dealers might not even go for that.
Car_man
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I have a 2007 4.2 non premium with third row Panorama heated seats and metalic gray/black. It has 37K. I am over by 1000 miles (.25cents per) on my lease ends in three months. I am paying $699 a month with $32,000 end of lease option to purchase ( I see ebay prices are lower more like 29K) Please advise what to do? shall I go ahead and lease a new 2009 Q7? I would rather have the 4.2 because for me it is much better than the 3.6, I do not care for all the bells and whistles. Few notes: I installed four new tires ($1000) and four new rotors and brakes ($2000) last year that still can go another year, not sure if I would still have audi care for that long though. The car runs great but I have few electrical issues (lights and bulbs) that never seem to go away.
thanks for any help
How much better is the residual on the TDI? Should it not work out to the same as the 3.6? THX
Thanks
Are you a dealer?
Did they offer a good deal for buying or leasing a new one? I saw that Audi is offering $5000 towards the purchase of a 2009 Q7, plus $4000 manufacter to dealer cash (this is on the Edmunds site as well).
1. Audi FS REFUSED to extend my lease on a month-to-month or for a set period - they told me they "were not in business of doing that". I checked my Lease agreement - it was marked "Close-Ended", plus my monthly payments were SUPER-LOW - don't know which one of these factors (or a combination?) affected their decision. Good luck selling it for $35K If I REALLY wanted it, I probably could have followed it to the auction and get it for about $20K tops.
2. I called and scheduled EoL inspection in my office. I think they give you 30 or 60 day window. Took about 20 minutes. Car was spotless. He checked paint levels, I guess couldn't believe the condition. Tires right at the border-line - thank goodness - another $1K+ would have been thrown out the window if I had to install BRAND-NEW tires for someone else to use. :mad:
3. Inpsector paid EXTRA attention to brakes - mine were "relatively" new
4. Returned to the servicing dealer by my office - all done in 20 minutes as well.
Overall - PAINLESS as it can possibly be.
Had to pay miles overage @ .25c per :mad: + Lease-End fee - I think like $300 WTF! :mad: :mad: :mad:
I would be very surprised if the 3.0 wasn't cheaper to lease than the TDI.
Car_man
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I was at multiple dealerships and their residual value for Q7 2010 premium plus /36/10k is 47% (MF 0.00108) and not 49%. If you add Audi care then your residual goes up to 48%. ( Is 49% for September?).
Do you think you could post complete table with RVs and MFs for all Q7 models/options for this month? It would be much easier to compare and decide what to get.
Also, are there any other credits available besides loyalty $1000 lease credit? Are there any rebates for finance?
And last question: Do you know why salesmen are negotiating with you monthly payment and not the sales price of the car? What am I missing?
Can you please answer on loyalty and my last questions.
Thanks
It's in salespeople's best interest to keep consumers in the dark about the actual selling price of the vehicle that they want. If they just talk payment, they can play all sorts of games with the term, mileage allowance, etc to make a deal look more attractive when it really isn't. To me, knowing the selling price of a vehicle is the clearest way to find out of good a deal one is getting. Salespeople what to keep the picture cloudy.
Car_man
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......
Does anyone know if someone could out bit Q7 2010 Premium plus with 19" wheels deal $690/month incl taxes - $1500 due at signing. I'm ready to rap this up this week..
let me know: email2vlad@hotmail.com
What is possible? What numbers do you have in mind?
I leased my 08 Q7 for $630 a month NO $$ down with Audi care 15K miles per year. Of course at that time the MF was 00006 and $5000 off discount
I originally leased a '07 Q7 3.6 with 12K miles/yr. A year into my lease, they swapped my car into a brand new '08 Q7 3.6 Premium with extra options that my original car did not have. The sticker was close to $8K more than the original Q7. Audi USA said that the '08 would be only a substitute of collateral and that only the VIN# changes in the lease agreement, but the lease terms remain the same. I have about 32K miles on the car and am in a dilemma because my lease is up in early next year. The dealer is offering to pay the 2 payments left on the car and offer it as Certified Pre-Owned if I agree to pay extra $2.5K and finance the car. I have $29K left in residual value. What can you Audi gurus suggest in my situation? I have brakes that are squeaking and need replacement and the outer edges of rear tires are balding. Is it a good deal to pay the CPO fee and finance the car and move on? Or is it better to just return it? Please help!