2017 Audi Q7 Lease Deals and Prices

Michaell · May 2016

shan2883 said:
Residual value Prestige please?

shan2883 said:
36/12 thanks

59%

deenx · May 2016

Can you please let me know the Q7 Premium Plus and Prestige model MF and Residual for 36/12 in Florida. Thank You

donchar · May 2016

Hi-

June numbers in yet?

Prestige MF / Residual for 36/10

Thank you.

kyfdx · May 2016

deenx said:
Can you please let me know the Q7 Premium Plus and Prestige model MF and Residual for 36/12 in Florida. Thank You

.00214 MF and 61%/59% residual (P+/Prestige)

kyfdx · May 2016

donchar said:
Hi-

June numbers in yet?

Prestige MF / Residual for 36/10

Thank you.

The current program is scheduled to run through 06/30.

If they update the program for June, we likely won't see it until the end of the week.

muvb14 · May 2016

Hello, Trying to get monthly down as far as possible (less than 1k with an upside down trade in of about -4500). What is the sweet spot for the P+ or Prestige? Willing to go 36/39/48 @ 12 or 15k preferably. Milwaukee, WI tax (5.6% on payments only).

Michaell · May 2016

muvb14 said:
Hello, Trying to get monthly down as far as possible (less than 1k with an upside down trade in of about -4500). What is the sweet spot for the P+ or Prestige? Willing to go 36/39/48 @ 12 or 15k preferably. Milwaukee, WI tax (5.6% on payments only).

The negative equity will add $125 / $115 / $94 to the lease payment, for 36/39/48 months.

.00214 and 59% (P+) or 57% (Presitge) for 36/15.

.00234 and 57% / 52% (P+ 39/48) or 55% / 50% (Prestige 39/48)

Add 2% for 12K

donchar · May 2016

kyfdx said:

donchar said:
Hi-

June numbers in yet?

Prestige MF / Residual for 36/10

Thank you.
The current program is scheduled to run through 06/30.

If they update the program for June, we likely won't see it until the end of the week.

36/12:

.00214 MF and 61%/59% residual (P+/Prestige)

Should I add 2% for 10K and 1% for Audicare?

Thanks.

Michaell · May 2016

donchar said:

kyfdx said:

donchar said:
Hi-

June numbers in yet?

Prestige MF / Residual for 36/10

Thank you.
The current program is scheduled to run through 06/30.

If they update the program for June, we likely won't see it until the end of the week.
36/12:

.00214 MF and 61%/59% residual (P+/Prestige)

Should I add 2% for 10K and 1% for Audicare?

Thanks.

Add 1% to go from 12K to 10K. Add 1% for AudiCare.

muvb14 · June 2016

Can someone explain how the US Bank lease works? Will all dealers do this? If I change my MF from .00234 on a P+ 48/15 lease to the .00130 that people talk about, I drop over $100 a month. Why wouldn't I choose this route?

Michaell · June 2016

muvb14 said:

Can someone explain how the US Bank lease works? Will all dealers do this? If I change my MF from .00234 on a P+ 48/15 lease to the .00130 that people talk about, I drop over $100 a month. Why wouldn't I choose this route?

The lease would work the same. One thing to be aware of is that there may be more end of lease charges, as US Bank may not be invested in keeping you as a customer.

Also, the residual value will be different as well.

kyfdx · June 2016

muvb14 said:
Can someone explain how the US Bank lease works? Will all dealers do this? If I change my MF from .00234 on a P+ 48/15 lease to the .00130 that people talk about, I drop over $100 a month. Why wouldn't I choose this route?

Residuals might be lower, negating some advantage.

At lease end, USBank isn't worried about selling you a new car. In theory, this might result in a more stringent inspection and the possibility of higher lease end charges.

Acquisition fee may be higher than Audi's $795.

techmine · June 2016

Here is what I got:

Prestige
MSRP and SP (Firm Dealer): 67,140 (Hottest SUV in the entire World right now!!)
MF - .00254
Trade Value - 13000
Trade Pay off - 11430 (I get it back)
Tax - 3402
Acq Fee - 795
License and Reg - 326

Quotes from the dealer:
36/10k - $1221.61
36/12k - $1238.68

Drive out amount = Tax + First Payment + Registration.
Not putting anything extra down at the moment.

My Calculation is $1079. Any ideas about the mismatch?

mlevine · June 2016

muvb14,
Banks at least end a very strict. Everything from scratches, to tire tread, and interior blemishes I have they will try to charge you with. I always go with the car companies finance department. I think audi also has prepaid maintenance which I would look into as it in the past will bump up your residual value by at least 1%.

Michaell · June 2016

techmine said:
Here is what I got:

Prestige
MSRP and SP (Firm Dealer): 67,140 (Hottest SUV in the entire World right now!!)
MF - .00254
Trade Value - 13000
Trade Pay off - 11430 (I get it back)
Tax - 3402
Acq Fee - 795
License and Reg - 326

Quotes from the dealer:
36/10k - $1221.61
36/12k - $1238.68

Drive out amount = Tax + First Payment + Registration.
Not putting anything extra down at the moment.

My Calculation is $1079. Any ideas about the mismatch?

What state is this?

Confirm the adjusted cap cost with the dealer. Where is the bank fee?

chrisj7845 · June 2016

Do you have the june residual and mf for a prestige? 24 month and 36 month 10k miles. Thanks!

techmine · June 2016

Texas.
Cap Cost is 67145
No Bank Fee mentioned. What is usually the bank fee?
There is no Doc fee at this dealer, if that is what you are asking.
All the amounts are disclosed in here.

Michaell said:

What state is this?
Confirm the adjusted cap cost with the dealer. Where is the bank fee?

Michaell · June 2016

chrisj7845 said:
Do you have the june residual and mf for a prestige? 24 month and 36 month 10k miles. Thanks!

.00211 and 67% / 60%

Michaell · June 2016

techmine said:
Texas.
Cap Cost is 67145
No Bank Fee mentioned. What is usually the bank fee?
There is no Doc fee at this dealer, if that is what you are asking.
All the amounts are disclosed in here.

Michaell said:

What state is this?
Confirm the adjusted cap cost with the dealer. Where is the bank fee?

The bank fee is $795 and is imposed by the bank. Or, it can be waived, but the MF increases by .00050

techmine · June 2016

Michaell said:

Texas. Cap Cost is 67145 No Bank Fee mentioned. What is usually the bank fee? There is no Doc fee at this dealer, if that is what you are asking. All the amounts are disclosed in here.
What state is this? Confirm the adjusted cap cost with the dealer. Where is the bank fee?

The bank fee is $795 and is imposed by the bank. Or, it can be waived, but the MF increases by .00050

Even with 795 extra, the lease calculation is ?

techmine · June 2016

techmine said:

Michaell said:

techmine said:
Texas.
Cap Cost is 67145
No Bank Fee mentioned. What is usually the bank fee?
There is no Doc fee at this dealer, if that is what you are asking.
All the amounts are disclosed in here.

Michaell said:

What state is this?
Confirm the adjusted cap cost with the dealer. Where is the bank fee?

The bank fee is $795 and is imposed by the bank. Or, it can be waived, but the MF increases by .00050

Even with 795 extra, the lease calculation is ?

Dealer says the MF is .00288, thats really high!

skylanderbc · June 2016

I have the following offer from dealer in Los Angeles, CA for a Prestige Trim Q7

Monthly Payment (incl Taxes): 962
Capitalized Cost: 67,000
Bank Fee: 795
Customer Cash/Total Drive Off: 5000
License Fee: 553
First Month Payment: 962.73
36 months & 10000 miles
Residual is 61% and MF .00210

Using the Edmunds calculator the math is kind of close, but I am trying to figure out if the terms are ok (would also be nice to check the math).

shan2883 · June 2016

skylanderbc said:

I have the following offer from dealer in Los Angeles, CA for a Prestige Trim Q7 Monthly Payment (incl Taxes): 962 Capitalized Cost: 67,000 Bank Fee: 795 Customer Cash/Total Drive Off: 5000 License Fee: 553 First Month Payment: 962.73 36 months & 10000 miles Residual is 61% and MF .00210 Using the Edmunds calculator the math is kind of close, but I am trying to figure out if the terms are ok (would also be nice to check the math).

What's the sticker price and sale price?

Michaell · June 2016

techmine said:

Michaell said:

techmine said:
Texas.
Cap Cost is 67145
No Bank Fee mentioned. What is usually the bank fee?
There is no Doc fee at this dealer, if that is what you are asking.
All the amounts are disclosed in here.

Michaell said:

What state is this?
Confirm the adjusted cap cost with the dealer. Where is the bank fee?

The bank fee is $795 and is imposed by the bank. Or, it can be waived, but the MF increases by .00050

Even with 795 extra, the lease calculation is ?

For a 36 month lease, adding the bank fee to the cap cost will increase the payment about $22/mo.

techmine said:

techmine said:

Michaell said:

techmine said:
Texas.
Cap Cost is 67145
No Bank Fee mentioned. What is usually the bank fee?
There is no Doc fee at this dealer, if that is what you are asking.
All the amounts are disclosed in here.

Michaell said:

What state is this?
Confirm the adjusted cap cost with the dealer. Where is the bank fee?

The bank fee is $795 and is imposed by the bank. Or, it can be waived, but the MF increases by .00050

Even with 795 extra, the lease calculation is ?

Dealer says the MF is .00288, thats really high!

Yes, that is marked up. Dealer is allowed to do that; you, of course, want the base rate of .00211 this month.

Michaell · June 2016

skylanderbc said:
I have the following offer from dealer in Los Angeles, CA for a Prestige Trim Q7

Monthly Payment (incl Taxes): 962
Capitalized Cost: 67,000
Bank Fee: 795
Customer Cash/Total Drive Off: 5000
License Fee: 553
First Month Payment: 962.73
36 months & 10000 miles
Residual is 61% and MF .00210

Using the Edmunds calculator the math is kind of close, but I am trying to figure out if the terms are ok (would also be nice to check the math).

What is the MSRP?

What does the $5000 at signing cover?

skylanderbc · June 2016

Hi,

Went to the dealer again, the MSRP is 67,445. 5000 covers Bank Fee (795), License Fee (553) and First month's payment (962). Rest of the money goes towards bringing the lease payment down.

Thanks

kyfdx · June 2016

skylanderbc said:
Hi,

Went to the dealer again, the MSRP is 67,445. 5000 covers Bank Fee (795), License Fee (553) and First month's payment (962). Rest of the money goes towards bringing the lease payment down.

Thanks

Subtracting $2700 from the $67K gross CAP, I get about $895/mo.+tax, which is probably pretty close.

So, $445 off MSRP, and the equivalent of 5% interest financing.

Isn't there any other SUV you'd rather have? This one is expensive to lease.

muvb14 · June 2016

Thank you for your responses thus far. If I'm paying first month plus tax title registration for drive off, do I put in one less month in the online lease calculator (35/47 instead of 36/48). Or is that just the same as a down payment and I'll have 36/48 payments after that? Has anything changed for MF/RES for June on 48/15?

hpowders · June 2016

Hello!

I would like the mf and residual for a 2017 Q7 for the base Premium model, 10,000 miles, 36 months.

Thank you!

kyfdx · June 2016

muvb14 said:
Thank you for your responses thus far. If I'm paying first month plus tax title registration for drive off, do I put in one less month in the online lease calculator (35/47 instead of 36/48). Or is that just the same as a down payment and I'll have 36/48 payments after that? Has anything changed for MF/RES for June on 48/15?

No... lease payments are paid in advance. Use whatever term the lease is for.

.00231 MF and 52% residual for 48/15.

kyfdx · June 2016

hpowders said:
Hello!

I would like the mf and residual for a 2017 Q7 for the base Premium model, 10,000 miles, 36 months.

Thank you!

.00211 MF and 62% residual

a_brooklyn_dad · June 2016

Hi, all.

Can someone confirm the following:

1) That the RV for a Prestige vehicle with a 36-month/10K mile term is currently 61%, and that the current MF through Audi is .00211

2) That the purchase of Audi care at time of vehicle purchase increases the RV by 1%, effectively making it 62%

Thanks!

Michaell · June 2016

a_brooklyn_dad said:
Hi, all.

Can someone confirm the following:

1) That the RV for a Prestige vehicle with a 36-month/10K mile term is currently 61%, and that the current MF through Audi is .00211

2) That the purchase of Audi care at time of vehicle purchase increases the RV by 1%, effectively making it 62%

Thanks!

1. MF is .00211, 36/10 residual on Prestige trim is 60%
2. Yes, add 1% if AudiCare is purchased, making the RV 61%

a_brooklyn_dad · June 2016

Thank you, Michael, for confirming the current RV and MF for a 36m/10k Prestige vehicle!

I have another question for the group about how to handle taxes in a lease—whether to roll them into the lease or to pay them upfront. Can someone please provide a basic PRO/CON explanation to help me understand the benefits/drawbacks of each option? Thanks!

kyfdx · June 2016

a_brooklyn_dad said:
Thank you, Michael, for confirming the current RV and MF for a 36m/10k Prestige vehicle!

I have another question for the group about how to handle taxes in a lease—whether to roll them into the lease or to pay them upfront. Can someone please provide a basic PRO/CON explanation to help me understand the benefits/drawbacks of each option? Thanks!

Rolling taxes in to the CAP cost:

PRO:
If you total the car after a couple of months, the full tax amount has been paid, but you've only paid about 1/18th of the total amount (within the monthly payment). GAP insurance takes care of any excess balance, above the car's insurance value.

CON:
You pay some finance charges on that amount of money that you rolled in.

This pretty much applies to any amounts that you pay upfront vs. rolling into the CAP cost.

a_brooklyn_dad · June 2016

Hi, friends.

For a 2017 Prestige Q7, Can someone provide the current RV and MF for each: a 36m/12k lease...a 48m/10k lease...and a 48m/12k lease?

Thanks!

Michaell · June 2016

a_brooklyn_dad said:
Hi, friends.

For a 2017 Prestige Q7, Can someone provide the current RV and MF for each: a 36m/12k lease...a 48m/10k lease...and a 48m/12k lease?

Thanks!

36/12 - .00211 and 59%
48/12 - .00231 and 52%. Add 1% for 10K

skylanderbc · June 2016

Hey kyfdx,

I took your advice and got the XC90 instead. The audi dealers were all horrible to deal with and this is being an existing audi customer. I got way more bang for the buck on the XC90 and will post the details of the deal on the Volvo forums.

Thanks Edmunds and your team for all your help. You have been invaluable.

kyfdx said:

skylanderbc said:
Hi,

Went to the dealer again, the MSRP is 67,445. 5000 covers Bank Fee (795), License Fee (553) and First month's payment (962). Rest of the money goes towards bringing the lease payment down.

Thanks
Subtracting $2700 from the $67K gross CAP, I get about $895/mo.+tax, which is probably pretty close.

So, $445 off MSRP, and the equivalent of 5% interest financing.

Isn't there any other SUV you'd rather have? This one is expensive to lease.

a_brooklyn_dad · June 2016

Hi, all.

I calculated the following two lease payments using an online lease calculator—see breakdown of both examples down below.

According to the dealership, it's a 'zero down' lease, so I would only be required to pay 1st month's payment, taxes and bank fee upfront. Given that I intend to pay all taxes upfront (I live in NYC—don't I have to?), I'm not sure why the lease calculator breakdown shows a monthly payment + tax.

Depending on whether I went with US Bank or Audi, am I right in thinking that my final monthly lease payment would be $999 (US Bank, RV 59%, MF .00145) or $1,061 (Audi, RV 60% (1% added for Audi Care), MF .00211)?

And, assuming that all of this right so far, and that I want this exact vehicle, and that I've negotiated the lowest possible cost for it, are there ANY other ways to lower the payments, besides putting money down to reduce cap cost?

Example 1—$999/month—a 36m/12k lease through US Bank

Example 2—$1,061/month—a 36m/12k lease through Audi

kyfdx · June 2016

a_brooklyn_dad said:
Hi, all.

I calculated the following two lease payments using an online lease calculator—see breakdown of both examples down below.

According to the dealership, it's a 'zero down' lease, so I would only be required to pay 1st month's payment, taxes and bank fee upfront. Given that I intend to pay all taxes upfront (I live in NYC—don't I have to?), I'm not sure why the lease calculator breakdown shows a monthly payment + tax.

Depending on whether I went with US Bank or Audi, am I right in thinking that my final monthly lease payment would be $999 (US Bank, RV 59%, MF .00145) or $1,061 (Audi, RV 60% (1% added for Audi Care), MF .00211)?

And, assuming that all of this right so far, and that I want this exact vehicle, and that I've negotiated the lowest possible cost for it, are there ANY other ways to lower the payments, besides putting money down to reduce cap cost?

Example 1—$999/month—a 36m/12k lease through US Bank

Example 2—$1,061/month—a 36m/12k lease through Audi

I can't see the links. So, I can't comment on the numbers.

If you don't want an on-line calculator to calculate the tax, then leave tax out of the equation.

The taxes are paid upfront in NY, but you can always roll that amount into the CAP cost, effectively paying them over the life of the lease.

If your calculations are correct, then the only way to lower the money factor and payment is through Multiple Security Deposits (assuming you go with AFS).

a_brooklyn_dad · June 2016

Thanks for your help, kyfdx. I'm close to pulling the trigger, and can use every bit of help I can get!

Since I was hoping that someone could check the numbers shown in my previous post, I retyped the details of each scenario—see Example 1 and Example 2, below.

Again, it's a 'zero down' lease, so I would only be required to pay the 1st month's payment, taxes and bank fee upfront.

Here are my two main questions:

Is $998.89 the correct monthly payment for Example 1? Or is it $1,088 ($998.89 + $88.65 tax)?

Is $1,061.31 the correct monthly payment for Example 2? Or is it $1,156 ($1,061.31 + $94.19 tax)?

Example 1—36m/12k lease through US Bank, RV 59%

MSRP: $82,460
Base Cap Cost: $78,000
Costs Added to Lease: $0
Cap Cost Reductions: $0
Adjusted Cap Cost: $78,000
Residual Value: $48,651
Money Factor: .00145
Term (months): 36
Sales Tax: 8.875%
Monthly Payment: $998.89 + $88.65 tax
Depreciation: $29,349
Finance (Rent) Charge: $6,611
Total Sales Tax: $3,191
Total of All Payments: $39,151
Total Lease Cost: $39, 151

Example 2—$1,061/month—a 36m/12k lease through Audi, RV 60% (+1% for Audi Care)

MSRP: $82,460
Base Cap Cost: $78,000
Costs Added to Lease: $0
Cap Cost Reductions: $0
Adjusted Cap Cost: $78,000
Residual Value: $49,476
Money Factor: .00211
Term (months): 36
Sales Tax: 8.875%
Monthly Payment: $1,061.31 + $94.19 tax
Depreciation: $28,524
Finance (Rent) Charge: $9,683
Total Sales Tax: $3,391
Total of All Payments: $41,598
Total Lease Cost: $41,598

Michaell · June 2016

a_brooklyn_dad said:
Thanks for your help, kyfdx. I'm close to pulling the trigger, and can use every bit of help I can get!

Since I was hoping that someone could check the numbers shown in my previous post, I retyped the details of each scenario—see Example 1 and Example 2, below.

Again, it's a 'zero down' lease, so I would only be required to pay the 1st month's payment, taxes and bank fee upfront.

Here are my two main questions:

Is $998.89 the correct monthly payment for Example 1? Or is it $1,088 ($998.89 + $88.65 tax)?
Is $1,061.31 the correct monthly payment for Example 2? Or is it $1,156 ($1,061.31 + $94.19 tax)?
Example 1—36m/12k lease through US Bank, RV 59%
MSRP: $82,460
Base Cap Cost: $78,000
Costs Added to Lease: $0
Cap Cost Reductions: $0
Adjusted Cap Cost: $78,000
Residual Value: $48,651
Money Factor: .00145
Term (months): 36
Sales Tax: 8.875%
Monthly Payment: $998.89 + $88.65 tax
Depreciation: $29,349
Finance (Rent) Charge: $6,611
Total Sales Tax: $3,191
Total of All Payments: $39,151
Total Lease Cost: $39, 151

Example 2—$1,061/month—a 36m/12k lease through Audi, RV 60% (+1% for Audi Care)
MSRP: $82,460
Base Cap Cost: $78,000
Costs Added to Lease: $0
Cap Cost Reductions: $0
Adjusted Cap Cost: $78,000
Residual Value: $49,476
Money Factor: .00211
Term (months): 36
Sales Tax: 8.875%
Monthly Payment: $1,061.31 + $94.19 tax
Depreciation: $28,524
Finance (Rent) Charge: $9,683
Total Sales Tax: $3,391
Total of All Payments: $41,598
Total Lease Cost: $41,598

If you are paying the sales tax at lease inception, it wouldn't be added to your monthly payment. I agree with your pre-tax math for both examples.

If the sales tax amount is being added back in to the base cap cost, then the after tax amounts are also correct.

So, you need to confirm just how much money you'll be giving the dealer when you sign the contract.

a_brooklyn_dad · June 2016

Thank you, Michael! This proves that you are a good teacher!

Now that I've got this part straight, are there any other ways to lower these payments, besides putting money down to reduce cap cost (assuming that I want this exact vehicle, and that I've negotiated the lowest possible cost for it)?

kyfdx mentioned that 'the only way to lower the money factor and payment is through Multiple Security Deposits (assuming you go with AFS)'.

Can you—or kyfdx, or someone else—please explain what 'Multiple Security Deposits' is, and how it works?

Michaell · June 2016

a_brooklyn_dad said:
Thank you, Michael! This proves that you are a good teacher!

Now that I've got this part straight, are there any other ways to lower these payments, besides putting money down to reduce cap cost (assuming that I want this exact vehicle, and that I've negotiated the lowest possible cost for it)?

kyfdx mentioned that 'the only way to lower the money factor and payment is through Multiple Security Deposits (assuming you go with AFS)'.

Can you—or kyfdx, or someone else—please explain what 'Multiple Security Deposits' is, and how it works?

Multiple security deposits are a way to 'buy down' the MF on a lease. The beauty is that the money you front to do this is returned to you at lease end.

I believe Audi allows up to 9 MSDs, each of which will reduce the MF by .00005 (.00045 total). The amount of each security deposit is the monthly payment rounded up to the next highest $50.

donchar · June 2016

Michaell said:

donchar said:

kyfdx said:

donchar said:
Hi-

June numbers in yet?

Prestige MF / Residual for 36/10

Thank you.
The current program is scheduled to run through 06/30.

If they update the program for June, we likely won't see it until the end of the week.
36/12:

.00214 MF and 61%/59% residual (P+/Prestige)

Should I add 2% for 10K and 1% for Audicare?

Thanks.
Add 1% to go from 12K to 10K. Add 1% for AudiCare.

Hi- Just to follow-up on this, is "+1% Residual for Audicare" applicable only to Audi Financial or does US Bank honor that as well?

Thanks.

Michaell · June 2016

donchar said:

Michaell said:

donchar said:

kyfdx said:

donchar said:
Hi-

June numbers in yet?

Prestige MF / Residual for 36/10

Thank you.
The current program is scheduled to run through 06/30.

If they update the program for June, we likely won't see it until the end of the week.
36/12:

.00214 MF and 61%/59% residual (P+/Prestige)

Should I add 2% for 10K and 1% for Audicare?

Thanks.
Add 1% to go from 12K to 10K. Add 1% for AudiCare.
Hi- Just to follow-up on this, is "+1% Residual for Audicare" applicable only to Audi Financial or does US Bank honor that as well?

Thanks.

Only for Audi Financial.

voltrons_head · June 2016

Do you have the mf and residual for premium plus 36/10k?

Thanks

voltrons_head · June 2016

In PA

Michaell · June 2016

voltrons_head said:
Do you have the mf and residual for premium plus 36/10k?

Thanks

voltrons_head said:
In PA

.00211 and 62%

voltrons_head · June 2016

Thanks!

2017 Audi Q7 Lease Deals and Prices

Comments

Example 1—36m/12k lease through US Bank, RV 59%

Example 2—$1,061/month—a 36m/12k lease through Audi, RV 60% (+1% for Audi Care)

Example 1—36m/12k lease through US Bank, RV 59%

Example 2—$1,061/month—a 36m/12k lease through Audi, RV 60% (+1% for Audi Care)

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