Last post on Dec 05, 2013 at 3:34 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi Q7, Car Leasing, Car Buying, SUV
#192 of 1080 Some further information
Feb 06, 2007 (8:02 am)
Here are some more details of my purchase, I would love your opinions. 2007 Q7 3.6 Premium with the Convenience Package, Infotainment Package, Technology, Moonroof, 19" wheels in Quartz Gray. MSRP is $56,420. Selling price is $53,880. Lease is for 36 months, 15,000 miles per year, no cap cost reduction, $1785 due at lease signing (plus the MSDs.) $772.38/month including NJ taxes. I will be doing $3,000 worth of Multiple Security deposits which lowers the payment to $742/month. The Residual value they used was 52% (insisted that that's what it is in NJ for 15,000 miles) The money factor was 0.00032 and was lowered to 0.00006 (0.14%!!) by the MSD program. Saves me $30/month or 12% tax free annually. Finally, I added the Audi care to the lease which raised my residual to 53% and lowered the payment by $0.30/month! The payment change is insignificant, but why wouldn't everyone do this. I have the same payment and now I have free scheduled maintenance for the life of the lease.
#193 of 1080 Re: Some further information [mikeoc1]
Feb 06, 2007 (8:10 am)
Sounds good MikeOC1 - just curious on the Audi Care. Does that follow the months of the lease or the mileage? i.e. life of the lease being 36 months regardless if you go over mileage?
#194 of 1080 Re: Some further information [luvcarzrich]
Feb 06, 2007 (10:42 am)
Thank you. I am very excited to take her home.
My understanding is that Audi "gives" you the first service at 5,000 miles. From there, Audi Care is prepaying the service at 15, 25, 35 and 45,000 miles. Since my lease is for 3 years, 45,000 miles, I am covered for the life of the lease.
#195 of 1080 Can I get a good deal...even if I order from factory?
Feb 06, 2007 (1:37 pm)
I was looking for 3.6 Premium with Convenience Package, 3rd Row Seat, Panorama Sunroof, and Rear Side Airbags... with beige interior. But I could not get one close. If I order one from factory, do I still have room for negotiating price?
Also, it will take 3 month for delivery. Is current lease deal with low MF will stay until then?
#196 of 1080 Re: Audi Q7: Lease Questions [Car_man]
Feb 06, 2007 (5:36 pm)
I would like some clarification regarding Q7 Lease quote for a 3.6 Premium:
1) I have been quoted a price of invoice plus a $495 inspection/advertising fee that apparently is added to all Audi vehicles invoice prices at port - is this correct?
2) I am being quoted that both the $575 acquisition fee and the dealer $345 processing fee should be paid. This does not make sense, since I thought the processing fee was for purchase not lease and if you look at the Audi website the lease deal advertised there does not show any processing fees, just the acquisition fee. What exactly is required to be paid?
3) I am being told that the residual is 52% plus 1% with Audi Care for a 36 months/15,000 mile lease. Is this correct?
4) Is it correct that sales tax is added to the base lease monthly payment, not included in the fees when determining the monthly payment? I think the dealer is trying to grab extra money by including sales tax in the fees.
Thank you for your assistance, I am trying to close this deal this weekend.
#197 of 1080 Car_Man, please help
Feb 07, 2007 (7:05 am)
I want to make sure that I am not missing anything. I just finished to deal on my 2007 Q7. After 4 MSDs, ($3000) my money factor is 0.00006 or 0.14%. The residual value is 53% after the Audi Care 1% bump. (36 month 15,000 per year)
Other than a couple of dealer fees, I am basically paying for the depreciation. Is this not great, or am I seriously missing something? At the end of the lease, I walk away or I can buy for the residual value (approx $30k) Either way, I haven't paid any significant interest in the 3 years.
Again, am I missing anything?!?
#198 of 1080 Re: Audi Q7: Lease Questions [cew925]
Feb 07, 2007 (7:08 am)
3) I was quoted the same, 52% plus 1% for Audi Care. If I didn't do Audi care, my payment was literally $0.30/month higher and I would have to pay for the maintenance. So I got the Audi Care, will save $0.30/month and I don't have to pay for maintenance.
Also, my money factor was 0.00038. I did 4 MSDs to lower it to 0.00006. Saves my $30/month. $3000 refundable deposit to save $360 year risk and tax free (12%) is a great deal.
#199 of 1080 February Money Factor and RV
Feb 13, 2007 (4:55 am)
Do you know what the money factor & residual value is on a 36 month lease with 12K mi/yr?
I'm looking at leasing the Q7 3.6L with comfort package.
Any input would be great!
#200 of 1080 Re: February Money Factor and RV [jhabre]
Feb 13, 2007 (6:39 am)
I just leased a 3.6 Premium for 3 years/15,000 miles. Money factor was 0.00038 with a residual of 52%. The residual was bumped to 53% by purchasing Audi Care in the lease. It didn't affect the payment at all (lowered it by $0.30/month) and now I have all scheduled maintenance. With Multiple security deposits (4) I lowered the money factor to 0.00006 (0.14%!) Hope this helps a little. I believe that the MF is the same for 12k/year and the residual is increased by 2%. Good luck!
#201 of 1080 Re: February Money Factor and RV [mikeoc1]
Feb 13, 2007 (8:30 am)
Thanks Mikeoc1! May I asked what price you negotiated? Also what is the MSRP of the premium?