I usually intend to return my leases, but it just so happened on my 2012 Evoque, Carmax offered me $5,000 more than my payoff. I sold it to them a month before my lease was over and made a profit (even though i was over on my miles). I read online that in california you have 10 days to resell a car and avoid paying the tax. Is that not the case? Either way, I appreciate the info on the US Bank lease. I read tons of horrible reviews about them online. I will likely return the car at the end to avoid any funny business. Thanks again, everyone.
I'm not sure the 10 day exception applies to buying from the bank or a dealer (but, I don't know for sure). I'll guess that USBank will not sell you the car, without collecting the sales tax.
I usually intend to return my leases, but it just so happened on my 2012 Evoque, Carmax offered me $5,000 more than my payoff. I sold it to them a month before my lease was over and made a profit (even though i was over on my miles). I read online that in california you have 10 days to resell a car and avoid paying the tax. Is that not the case? Either way, I appreciate the info on the US Bank lease. I read tons of horrible reviews about them online. I will likely return the car at the end to avoid any funny business. Thanks again, everyone.
Make sure you include the cost of turning the car in, another 400, plus whatever bs they charge you for. Gonna cost me 1500 to turn in a car I could sell to a dealer for 2500 more than my payoff. Just figure that stuff into you equation when deciding to go with US Bank.
Anyone know February lease rate for Prestige with luxury and B&O package? MF and residual for 36/10? incredible ride but january MF was sky high; leaning towards financing the care. thank you
Anyone know February lease rate for Prestige with luxury and B&O package?
MF and residual for 36/10?
incredible ride but january MF was sky high; leaning towards financing the care.
thank you
The current Audi numbers are good until the end of February.
Hey, thanks for the info. Question... on all my leases, i usually take them to carmax and sell them for more than my payoff. Are you saying that if I try to have carmax buy my car and they offer me more than my $36,400 pay off, US Bank won't sell it to them? What would prevent me from just paying it off myself then turning around and selling it to carmax and pocketing the profit? the US bank lease was literally hundreds of dollars a month less than the audi financial lease.
If you buy it yourself, you have to pay sales tax on it, even if you flip it to CarMax
You can flip to carmax without buying. I sold my leased honda accord (honda financial services ) to carmax without any tax payments.
Hey, thanks for the info. Question... on all my leases, i usually take them to carmax and sell them for more than my payoff. Are you saying that if I try to have carmax buy my car and they offer me more than my $36,400 pay off, US Bank won't sell it to them? What would prevent me from just paying it off myself then turning around and selling it to carmax and pocketing the profit? the US bank lease was literally hundreds of dollars a month less than the audi financial lease.
If you buy it yourself, you have to pay sales tax on it, even if you flip it to CarMax
You can flip to carmax without buying. I sold my leased honda accord to carmax without any tax payments.
Just leased a 2017 q7 premium yesterday. Posting here in case it helps anyone. Sticker $58750 $4000 down, 42 months, 10k miles/year $590/month +tax. (In LA my total payment is $640/month). The residual through the us bank (need excellent credit) lease on this model was 62% and you will have to do reverse math to find MF.
Wow, that's crazy high. You must've really, really liked the car.
Yes.. absolutely love it. We also have a 2016 MDX that honestly doesn't compare to the Q7 (in my eyes). I just saw the new advertised lease special for the Q7 and I'm paying $40/month less for the same car so I am not too bummed. There's only so much you can negotiate when a car has been out for 3 weeks. Hope the info I've shared is helpful to some!
Here's the Current lease special (I am paying same everything but $590/month)-
2017 Audi Q7 Premium SUV With Navigation Plus Package Lease: $629 A Month*, 42 Months, $4,000 Due At Signing. (Excludes Taxes, Title, Options, And Dealer Charges.) 10,000 miles per year. On Approved Above Average Credit; All with an MSRP of $59,325.
Hello! Totally new to this game and looking for insight. Just got told a ridiculous MF of .00326 from the dealer for a Prestige 36 month/15k. Residual 57%. Is that what the terms would be? Or could I present the number listed here to see what they say?
Hello! Totally new to this game and looking for insight. Just got told a ridiculous MF of .00326 from the dealer for a Prestige 36 month/15k. Residual 57%. Is that what the terms would be? Or could I present the number listed here to see what they say?
I got quoted in North Chicago today a MF of .00231 for a 36/12 lease on a fully loaded 17 Prestige. Any opinions on what would be a reasonable MF on a "updated" model such as this?
I got quoted in North Chicago today a MF of .00231 for a 36/12 lease on a fully loaded 17 Prestige. Any opinions on what would be a reasonable MF on a "updated" model such as this?
Sadly, the .00231 is the base rate for the 2017 Q7 this month. Only way to improve on it is with MSD.
I currently drive a 2014 MDX with a lease expiring in Oct. 2016. My local Audi dealer in Tysons Corner (VA) really wants to get me into a new Q7 so they said they would pay off my MDX lease. I said fine, but I'm not willing to pay more than $740 a month for a 36 month 12,000 miles/yr lease on a Premium (MSRP $55,375 - for Graphite Gray). They said okay. This is a lease with no money down at all (everything is being rolled in), just 36 payments of $740 each. The only problem is that they have no Premium model on hand nor any in their pipeline so I had to order one. I won't get my car for another 3 months.
I read on one website that if you can get a lease of $135 or less per $10,000 MSRP (on 3 yrs, 12,000 miles/yr), then it's a good deal. That's how I can up with the $740. Not sure if I could've gotten less than $740/month. They initially told me the lease would be $820/month.
I currently drive a 2014 MDX with a lease expiring in Oct. 2016. My local Audi dealer in Tysons Corner (VA) really wants to get me into a new Q7 so they said they would pay off my MDX lease. I said fine, but I'm not willing to pay more than $740 a month for a 36 month 12,000 miles/yr lease on a Premium (MSRP $55,375 - for Graphite Gray). They said okay. This is a lease with no money down at all (everything is being rolled in), just 36 payments of $740 each. The only problem is that they have no Premium model on hand nor any in their pipeline so I had to order one. I won't get my car for another 3 months.
I read on one website that if you can get a lease of $135 or less per $10,000 MSRP (on 3 yrs, 12,000 miles/yr), then it's a good deal. That's how I can up with the $740. Not sure if I could've gotten less than $740/month. They initially told me the lease would be $820/month.
I'm not sure how accurate any 'back of the envelope' calculations are - if you can get me the net cap cost with taxes and fees rolled in, I can run the numbers.
And, I'd be real careful about their claim of them paying off your MDX lease. You may be leaving money on the table if the car is worth more than the buyout amount. Get the payoff from the bank, then get an independent trade in valuation (CarMax works especially well for this).
Audis tend to be more expensive than other makes to lease, and the new Q7 is especially so at the moment (.00231 MF).
Hey, thanks for the info. Question... on all my leases, i usually take them to carmax and sell them for more than my payoff. Are you saying that if I try to have carmax buy my car and they offer me more than my $36,400 pay off, US Bank won't sell it to them? What would prevent me from just paying it off myself then turning around and selling it to carmax and pocketing the profit? the US bank lease was literally hundreds of dollars a month less than the audi financial lease.
If you buy it yourself, you have to pay sales tax on it, even if you flip it to CarMax
You can flip to carmax without buying. I sold my leased honda accord to carmax without any tax payments.
You can't with US Bank because they will only sell it to the leasee at the contract price. I had a trade worked with another dealer but us bank insisted on 4K over my buyout to take the payoff and give them the title. Seems crazy but google it, you'll see.
I am in Seattle and just got a quote on a 2017 Q7 Prestige with a few options that has an MSRP of $73,520. I am a current Audi owner and getting a rebate of $500 and I have a $3,000 trade in. For a 3 year/12K lease I am being quoted $1263/month and a residual value of 59% and a money factor of .00281. Seems very high. Is anyone seeing a better deal than this? Even if I negotiated down to Truecar or TMV estimate, I still would not be saving much. Also, they are quoating a sales tax of 9.8 percent when I thought it should be 9.6% The sales person gave me a 18-line breakdown of the math which I can share later. Thanks for your help.
I am in Seattle and just got a quote on a 2017 Q7 Prestige with a few options that has an MSRP of $73,520. I am a current Audi owner and getting a rebate of $500 and I have a $3,000 trade in. For a 3 year/12K lease I am being quoted $1263/month and a residual value of 59% and a money factor of .00281. Seems very high. Is anyone seeing a better deal than this? Even if I negotiated down to Truecar or TMV estimate, I still would not be saving much. Also, they are quoating a sales tax of 9.8 percent when I thought it should be 9.6% The sales person gave me a 18-line breakdown of the math which I can share later. Thanks for your help.
The base MF for the Q7 is .00231, so the dealer is marking that up the max on you, for starters.
Any discount from sticker, before applying the incentives and trade?
We don't recommend using trade equity as a down payment; if the car is stolen or totaled, you lose that money.
At the moment, the Q7 is insanely expensive to lease.
Thanks Michaell for the info. Why would a dealer not give me the base MF when I have been a customer there for 18 months servicing my old A6 wagon? My credit score is over 750. Really disappointing. I have not tried to get the price down yet because I wanted these base numbers before I start to haggle. Can you please tell me how you know the base MF is much lower - just curious, not doubting your expertise. Thanks.
I am in Seattle and just got a quote on a 2017 Q7 Prestige with a few options that has an MSRP of $73,520. I am a current Audi owner and getting a rebate of $500 and I have a $3,000 trade in. For a 3 year/12K lease I am being quoted $1263/month and a residual value of 59% and a money factor of .00281. Seems very high. Is anyone seeing a better deal than this? Even if I negotiated down to Truecar or TMV estimate, I still would not be saving much. Also, they are quoating a sales tax of 9.8 percent when I thought it should be 9.6% The sales person gave me a 18-line breakdown of the math which I can share later. Thanks for your help.
The base MF for the Q7 is .00231, so the dealer is marking that up the max on you, for starters.
Any discount from sticker, before applying the incentives and trade?
We don't recommend using trade equity as a down payment; if the car is stolen or totaled, you lose that money.
At the moment, the Q7 is insanely expensive to lease.
This is the math. Can you please confirm hat it is correct? Thank you!
1. Sticker Price of the car + options (MSRP) $ 73,520.00 2. Times the residual value percentage 59% 3. Equals the residual value $ 43,376.80 4. Price of car minus incentives plus/minus trade (net capitalized cost) + ACQ fee $695 $ 72,511.16 5. Minus the residual (From line 3) $ 43,376.80 6. Equals the depreciation over 36 months $ 29,134.36 7. Depreciation (Line 6) divided by term in months 36 8. Equals the monthly depreciation payment $ 809.29 9. Net capitalized cost (From line 4) $ 72,511.16 10. Plus the residual (From line 3) $ 43,376.80 11. Equals $ 115,887.96 12. Times the money factor 0.00281 13. Equals money factor payment portion $ 325.65 14. Monthly depreciation payment (from line 8) $ 809.29 15. Plus money factor payment portion (from line 12) $ 325.65 16. Equals bottom-line monthly lease payment $ 1,134.93 17. Plus Sales Tax of 9.8% $ 111.22 18. Equals your total monthly payment $1,246.16
Thanks Michaell for the info. Why would a dealer not give me the base MF when I have been a customer there for 18 months servicing my old A6 wagon? My credit score is over 750. Really disappointing. I have not tried to get the price down yet because I wanted these base numbers before I start to haggle. Can you please tell me how you know the base MF is much lower - just curious, not doubting your expertise. Thanks.
I am in Seattle and just got a quote on a 2017 Q7 Prestige with a few options that has an MSRP of $73,520. I am a current Audi owner and getting a rebate of $500 and I have a $3,000 trade in. For a 3 year/12K lease I am being quoted $1263/month and a residual value of 59% and a money factor of .00281. Seems very high. Is anyone seeing a better deal than this? Even if I negotiated down to Truecar or TMV estimate, I still would not be saving much. Also, they are quoating a sales tax of 9.8 percent when I thought it should be 9.6% The sales person gave me a 18-line breakdown of the math which I can share later. Thanks for your help.
The base MF for the Q7 is .00231, so the dealer is marking that up the max on you, for starters.
Any discount from sticker, before applying the incentives and trade?
We don't recommend using trade equity as a down payment; if the car is stolen or totaled, you lose that money.
At the moment, the Q7 is insanely expensive to lease.
Dealers are in the business to make money - on leases, the two ways for them to do that are to not negotiate much of a discount from sticker and to inflate the MF.
The information we have is confidential. However, politely but firmly tell the dealer that you won't sign a deal with an inflated MF - they know what the base rate is.
This is the math. Can you please confirm hat it is correct? Thank you!
1. Sticker Price of the car + options (MSRP) $ 73,520.00 2. Times the residual value percentage 59% 3. Equals the residual value $ 43,376.80 4. Price of car minus incentives plus/minus trade (net capitalized cost) + ACQ fee $695 $ 72,511.16 5. Minus the residual (From line 3) $ 43,376.80 6. Equals the depreciation over 36 months $ 29,134.36 7. Depreciation (Line 6) divided by term in months 36 8. Equals the monthly depreciation payment $ 809.29 9. Net capitalized cost (From line 4) $ 72,511.16 10. Plus the residual (From line 3) $ 43,376.80 11. Equals $ 115,887.96 12. Times the money factor 0.00281 13. Equals money factor payment portion $ 325.65 14. Monthly depreciation payment (from line 8) $ 809.29 15. Plus money factor payment portion (from line 12) $ 325.65 16. Equals bottom-line monthly lease payment $ 1,134.93 17. Plus Sales Tax of 9.8% $ 111.22 18. Equals your total monthly payment $1,246.16
The math is exactly correct.
FWIW, using the base MF reduces the payment to $1182.53 - almost $2300 over the life of the lease.
I'm surprised you're getting such a small discount from sticker - but, the Q7 is still pretty new and in short supply, so the early adopters are going to pay for the privilege.
This is the math. Can you please confirm hat it is correct? Thank you!
1. Sticker Price of the car + options (MSRP) $ 73,520.00 2. Times the residual value percentage 59% 3. Equals the residual value $ 43,376.80 4. Price of car minus incentives plus/minus trade (net capitalized cost) + ACQ fee $695 $ 72,511.16 5. Minus the residual (From line 3) $ 43,376.80 6. Equals the depreciation over 36 months $ 29,134.36 7. Depreciation (Line 6) divided by term in months 36 8. Equals the monthly depreciation payment $ 809.29 9. Net capitalized cost (From line 4) $ 72,511.16 10. Plus the residual (From line 3) $ 43,376.80 11. Equals $ 115,887.96 12. Times the money factor 0.00281 13. Equals money factor payment portion $ 325.65 14. Monthly depreciation payment (from line 8) $ 809.29 15. Plus money factor payment portion (from line 12) $ 325.65 16. Equals bottom-line monthly lease payment $ 1,134.93 17. Plus Sales Tax of 9.8% $ 111.22 18. Equals your total monthly payment $1,246.16
The math is exactly correct.
FWIW, using the base MF reduces the payment to $1182.53 - almost $2300 over the life of the lease.
I'm surprised you're getting such a small discount from sticker - but, the Q7 is still pretty new and in short supply, so the early adopters are going to pay for the privilege.
Thank you for the info! I also ordered a 2016 Mercedes E Class Wagon too. With $1000 down and my trade in of $3,000 I am being quoted a money factor of .00248 and a RV of 61% and monthly payment of $1015. Does that sound like a good deal? The sticker was $76,905 (loaded) and I negotiated down to $71,800.
This is the math. Can you please confirm hat it is correct? Thank you!
1. Sticker Price of the car + options (MSRP) $ 73,520.00 2. Times the residual value percentage 59% 3. Equals the residual value $ 43,376.80 4. Price of car minus incentives plus/minus trade (net capitalized cost) + ACQ fee $695 $ 72,511.16 5. Minus the residual (From line 3) $ 43,376.80 6. Equals the depreciation over 36 months $ 29,134.36 7. Depreciation (Line 6) divided by term in months 36 8. Equals the monthly depreciation payment $ 809.29 9. Net capitalized cost (From line 4) $ 72,511.16 10. Plus the residual (From line 3) $ 43,376.80 11. Equals $ 115,887.96 12. Times the money factor 0.00281 13. Equals money factor payment portion $ 325.65 14. Monthly depreciation payment (from line 8) $ 809.29 15. Plus money factor payment portion (from line 12) $ 325.65 16. Equals bottom-line monthly lease payment $ 1,134.93 17. Plus Sales Tax of 9.8% $ 111.22 18. Equals your total monthly payment $1,246.16
The math is exactly correct.
FWIW, using the base MF reduces the payment to $1182.53 - almost $2300 over the life of the lease.
I'm surprised you're getting such a small discount from sticker - but, the Q7 is still pretty new and in short supply, so the early adopters are going to pay for the privilege.
Thank you for the info! I also ordered a 2016 Mercedes E Class Wagon too. With $1000 down and my trade in of $3,000 I am being quoted a money factor of .00248 and a RV of 61% and monthly payment of $1015. Does that sound like a good deal? The sticker was $76,905 (loaded) and I negotiated down to $71,800.
The standard MF for MB is .00200-.00220, so that's inflated, too. You might want to post in the E-class discussion so folks can find the information in the correct place.
This is the math. Can you please confirm hat it is correct? Thank you!
1. Sticker Price of the car + options (MSRP) $ 73,520.00 2. Times the residual value percentage 59% 3. Equals the residual value $ 43,376.80 4. Price of car minus incentives plus/minus trade (net capitalized cost) + ACQ fee $695 $ 72,511.16 5. Minus the residual (From line 3) $ 43,376.80 6. Equals the depreciation over 36 months $ 29,134.36 7. Depreciation (Line 6) divided by term in months 36 8. Equals the monthly depreciation payment $ 809.29 9. Net capitalized cost (From line 4) $ 72,511.16 10. Plus the residual (From line 3) $ 43,376.80 11. Equals $ 115,887.96 12. Times the money factor 0.00281 13. Equals money factor payment portion $ 325.65 14. Monthly depreciation payment (from line 8) $ 809.29 15. Plus money factor payment portion (from line 12) $ 325.65 16. Equals bottom-line monthly lease payment $ 1,134.93 17. Plus Sales Tax of 9.8% $ 111.22 18. Equals your total monthly payment $1,246.16
The math is exactly correct.
FWIW, using the base MF reduces the payment to $1182.53 - almost $2300 over the life of the lease.
I'm surprised you're getting such a small discount from sticker - but, the Q7 is still pretty new and in short supply, so the early adopters are going to pay for the privilege.
Thank you for the info! I also ordered a 2016 Mercedes E Class Wagon too. With $1000 down and my trade in of $3,000 I am being quoted a money factor of .00248 and a RV of 61% and monthly payment of $1015. Does that sound like a good deal? The sticker was $76,905 (loaded) and I negotiated down to $71,800.
The standard MF for MB is .00200-.00220, so that's inflated, too. You might want to post in the E-class discussion so folks can find the information in the correct place.
Ok. Thank you. New to this forum so apologize for the mistake.
This is the math. Can you please confirm hat it is correct? Thank you!
1. Sticker Price of the car + options (MSRP) $ 73,520.00 2. Times the residual value percentage 59% 3. Equals the residual value $ 43,376.80 4. Price of car minus incentives plus/minus trade (net capitalized cost) + ACQ fee $695 $ 72,511.16 5. Minus the residual (From line 3) $ 43,376.80 6. Equals the depreciation over 36 months $ 29,134.36 7. Depreciation (Line 6) divided by term in months 36 8. Equals the monthly depreciation payment $ 809.29 9. Net capitalized cost (From line 4) $ 72,511.16 10. Plus the residual (From line 3) $ 43,376.80 11. Equals $ 115,887.96 12. Times the money factor 0.00281 13. Equals money factor payment portion $ 325.65 14. Monthly depreciation payment (from line 8) $ 809.29 15. Plus money factor payment portion (from line 12) $ 325.65 16. Equals bottom-line monthly lease payment $ 1,134.93 17. Plus Sales Tax of 9.8% $ 111.22 18. Equals your total monthly payment $1,246.16
The math is exactly correct.
FWIW, using the base MF reduces the payment to $1182.53 - almost $2300 over the life of the lease.
I'm surprised you're getting such a small discount from sticker - but, the Q7 is still pretty new and in short supply, so the early adopters are going to pay for the privilege.
Thank you for the info! I also ordered a 2016 Mercedes E Class Wagon too. With $1000 down and my trade in of $3,000 I am being quoted a money factor of .00248 and a RV of 61% and monthly payment of $1015. Does that sound like a good deal? The sticker was $76,905 (loaded) and I negotiated down to $71,800.
The standard MF for MB is .00200-.00220, so that's inflated, too. You might want to post in the E-class discussion so folks can find the information in the correct place.
Ok. Thank you. New to this forum so apologize for the mistake.
The March MF numbers are not going to be good I am afraid for the 2017 Q7. The new Q7 sold well in Jan and Feb. My local Audi dealer even declined the Audi supplier discount of 6% which he had initially promised. Seems like I will have to consider other options or wait a bit longer.
The March MF numbers are not going to be good I am afraid for the 2017 Q7. The new Q7 sold well in Jan and Feb. My local Audi dealer even declined the Audi supplier discount of 6% which he had initially promised. Seems like I will have to consider other options or wait a bit longer.
We'll know more when the numbers are available later this week.
But, I won't disagree - Q7 sales have been strong and there is little incentive for Audi to put incentives on them, either with discounts from sticker or by lowering the MF.
I just picked up my 2017 Q7 premium plus with Bose sound, 20" wheels, towing package and cold weather package. I got $500 loyalty credit and dealer bought down my MF. Apparently he made a killing that day on a used car sale and was feeling generous. Here's my deal. Let me know what you all think. Thanks!
I just picked up my 2017 Q7 premium plus with Bose sound, 20" wheels, towing package and cold weather package. I got $500 loyalty credit and dealer bought down my MF. Apparently he made a killing that day on a used car sale and was feeling generous. Here's my deal. Let me know what you all think. Thanks!
I just picked up my 2017 Q7 premium plus with Bose sound, 20" wheels, towing package and cold weather package. I got $500 loyalty credit and dealer bought down my MF. Apparently he made a killing that day on a used car sale and was feeling generous. Here's my deal. Let me know what you all think. Thanks!
Thanks for the information. Hopefully I can use this as a bargaining chip.
I was quoted the base mf today of .00224 as well at my local dealer. Still think that's way too high. I think I will wait a couple of months and see what happens closer to summer.
I was quoted the base mf today of .00224 as well at my local dealer. Still think that's way too high. I think I will wait a couple of months and see what happens closer to summer.
It all depends on sales volume ... if sales start to slow down, I would expect to see a reduction of the MF.
I have been quoted the following by my local Audi dealer for purchase on an MSRP $66,675
Q7 | Prestige Exterior Color: Argus Brown metallic Interior Color: Standard seats in Pistachio Beige leather seating surfaces Decorative Inlays: High-gloss Black/Layered Walnut Wood inlays Rear seat entertainment preparation and Cold Weather package
$62675/- (6% supplier discount included)
Is this a good deal? Would appreciate any suggestions.
Given how popular the Q7 has been, I think 6% off sticker is a pretty good deal.
Thanks. I just heard that Audi is doing away with the supplier discount thing after March 31st. I found just one dealer who would honor the discount. Guess I will have to go with this one.
I have been quoted the following by my local Audi dealer for purchase on an MSRP $66,675
Q7 | Prestige Exterior Color: Argus Brown metallic Interior Color: Standard seats in Pistachio Beige leather seating surfaces Decorative Inlays: High-gloss Black/Layered Walnut Wood inlays Rear seat entertainment preparation and Cold Weather package
$62675/- (6% supplier discount included)
Is this a good deal? Would appreciate any suggestions.
Given how popular the Q7 has been, I think 6% off sticker is a pretty good deal.
Thanks. I just heard that Audi is doing away with the supplier discount thing after March 31st. I found just one dealer who would honor the discount. Guess I will have to go with this one.
Interesting .. the company I work for is also an Audi supplier .. guess I'll have to check the website to see if it still exists in April.
I have been quoted the following by my local Audi dealer for purchase on an MSRP $66,675
Q7 | Prestige Exterior Color: Argus Brown metallic Interior Color: Standard seats in Pistachio Beige leather seating surfaces Decorative Inlays: High-gloss Black/Layered Walnut Wood inlays Rear seat entertainment preparation and Cold Weather package
$62675/- (6% supplier discount included)
Is this a good deal? Would appreciate any suggestions.
Given how popular the Q7 has been, I think 6% off sticker is a pretty good deal.
Thanks. I just heard that Audi is doing away with the supplier discount thing after March 31st. I found just one dealer who would honor the discount. Guess I will have to go with this one.
Interesting .. the company I work for is also an Audi supplier .. guess I'll have to check the website to see if it still exists in April.
It won't exist. Check www.audiworld.com/forums/q7-mkii-discussion-211 where people are lamenting the take away.
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Make sure you include the cost of turning the car in, another 400, plus whatever bs they charge you for. Gonna cost me 1500 to turn in a car I could sell to a dealer for 2500 more than my payoff. Just figure that stuff into you equation when deciding to go with US Bank.
MF and residual for 36/10?
incredible ride but january MF was sky high; leaning towards financing the care.
thank you
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I just saw the new advertised lease special for the Q7 and I'm paying $40/month less for the same car so I am not too bummed. There's only so much you can negotiate when a car has been out for 3 weeks.
Hope the info I've shared is helpful to some!
Here's the Current lease special (I am paying same everything but $590/month)-
2017 Audi Q7 Premium SUV With Navigation Plus Package Lease: $629 A Month*, 42 Months, $4,000 Due At Signing. (Excludes Taxes, Title, Options, And Dealer Charges.)
10,000 miles per year. On Approved Above Average Credit; All with an MSRP of $59,325.
Thanks!
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But, depending on sales volume, there could be a reduction later this year.
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I read on one website that if you can get a lease of $135 or less per $10,000 MSRP (on 3 yrs, 12,000 miles/yr), then it's a good deal. That's how I can up with the $740. Not sure if I could've gotten less than $740/month. They initially told me the lease would be $820/month.
And, I'd be real careful about their claim of them paying off your MDX lease. You may be leaving money on the table if the car is worth more than the buyout amount. Get the payoff from the bank, then get an independent trade in valuation (CarMax works especially well for this).
Audis tend to be more expensive than other makes to lease, and the new Q7 is especially so at the moment (.00231 MF).
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Any discount from sticker, before applying the incentives and trade?
We don't recommend using trade equity as a down payment; if the car is stolen or totaled, you lose that money.
At the moment, the Q7 is insanely expensive to lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
1. Sticker Price of the car + options (MSRP)
$ 73,520.00
2. Times the residual value percentage
59%
3. Equals the residual value
$ 43,376.80
4. Price of car minus incentives plus/minus trade (net capitalized cost) + ACQ fee $695
$ 72,511.16
5. Minus the residual (From line 3)
$ 43,376.80
6. Equals the depreciation over 36 months
$ 29,134.36
7. Depreciation (Line 6) divided by term in months
36
8. Equals the monthly depreciation payment
$ 809.29
9. Net capitalized cost (From line 4)
$ 72,511.16
10. Plus the residual (From line 3)
$ 43,376.80
11. Equals
$ 115,887.96
12. Times the money factor
0.00281
13. Equals money factor payment portion
$ 325.65
14. Monthly depreciation payment (from line 8)
$ 809.29
15. Plus money factor payment portion (from line 12)
$ 325.65
16. Equals bottom-line monthly lease payment
$ 1,134.93
17. Plus Sales Tax of 9.8%
$ 111.22
18. Equals your total monthly payment
$1,246.16
The information we have is confidential. However, politely but firmly tell the dealer that you won't sign a deal with an inflated MF - they know what the base rate is.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
FWIW, using the base MF reduces the payment to $1182.53 - almost $2300 over the life of the lease.
I'm surprised you're getting such a small discount from sticker - but, the Q7 is still pretty new and in short supply, so the early adopters are going to pay for the privilege.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
But, I won't disagree - Q7 sales have been strong and there is little incentive for Audi to put incentives on them, either with discounts from sticker or by lowering the MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Q7 | Prestige
Exterior Color: Argus Brown metallic
Interior Color: Standard seats in Pistachio Beige leather seating surfaces
Decorative Inlays: High-gloss Black/Layered Walnut Wood inlays
Rear seat entertainment preparation and Cold Weather package
$62675/- (6% supplier discount included)
Is this a good deal? Would appreciate any suggestions.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Do you have the RV, MF and Acq. Fee for a 36 month, 10K lease?
Thanks in advance.
Acquisition fee is $795
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MF and Residual?
Thanks
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