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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
720 messages, Last post on Sep 24, 2008 at 5:34 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hello, 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? Thanks. |
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Replying to: Car_man (May 03, 2006 3:04 am) 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.
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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?!? Thank you |
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Replying to: cew925 (Feb 06, 2007 6:36 pm)  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. Good luck! |
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Hi Car_man, 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!
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Replying to: jhabre (Feb 13, 2007 5:55 am) |
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Replying to: mikeoc1 (Feb 13, 2007 7:39 am)
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Replying to: jhabre (Feb 13, 2007 9:30 am) 1) Is the only reason why you guys want a higher residual to lower the monthly payments? 2) When Audi has the leasing deals they run now assuming you can keep the monthly payment the same it would seem like the lower residual would be the best -- am I wrong? 3) Currently I saw the following special: MSRP $50,110.00 -- Residual $27,560.00, Dwnpmt $2,999, Fee $575 Monthly cost $549 for 36 months total of $19,764 -- this brings the total cost of all you pay plus residual to $50,898.00 which is $788.00 over the MSRP. Assuming I could have lowered the cost of the car by about $2K if I had bought it my total additional cost for not buying the car cash would then be $2,788 for 36 months -- which is $1,000 / year for a $50K loan....which comes out to be 2% interest rate. To me this is a great deal. Before I go to the dealer - what am I missing? I plan on buying out the car in three years so to me mileage limitations etc are not relevant (my choice to buy or not right they can't stop me and demand milage money in 3 years right?) Well several questions, but really appreciate your thoughts. I have never leased a car before, but real interested in this one as my Acura TL just can't handle the snow worth a lick.......
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Replying to: jhabre (Feb 13, 2007 9:30 am) The MSRP was about $55,600. The selling price was $53,100. I'm sure I could have done a little better on the selling price given what I've read, but at the end of the day I was happy. |
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Replying to: mdiab (Feb 13, 2007 11:39 am) I am with you on this one. I would love for someone to explain to me if I'm wrong. Ideally, in a lease, a high residual and a low money factor will provide the lowest monthly payments. If I had a choice, however, I would prefer a lower residual and a low interest rate. What does paying interest get you? My money factor, after 4 Multiple Security Deposits, is 0.00006. This is 0.14%. In my case, how is leasing that much different than buying? My residual value after 45,000 miles will be 53% or $29500. I am paying almost no interest to Audi Financial Services for the next three years. If the residuals are artifically low, maybe I can buy out the car and sell it for a few thousand more than I can buy it for. I am about to come off a 2004 Mercedes CLK 320 lease. The residuals were very high (63% I believe) at the time I leased it. There's no way that it's worth its buyout. Please, someone, if I'm missing something tell me!! |
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