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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
823 messages, Last post on Dec 03, 2009 at 11:37 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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 5:36 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 4:55 am) |
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Replying to: mikeoc1 (Feb 13, 2007 6:39 am)
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Replying to: jhabre (Feb 13, 2007 8:30 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 8:30 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 10:39 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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Replying to: dpeck1 (Feb 01, 2007 9:37 am)
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Replying to: jim5pen (Feb 14, 2007 10:22 am) I'm interested in leasing a Q7 V6 Premium with 2nd Row RR Side Air Bag SRS, 20" wheels, tech package and the infotainment package. Total MSRP is $53,770 with $720 destination charge. I got the total price down to $51,658.81. For the 36Mo. 15K miles with Audi Care, I got $634.99 per/mo with 53% residual. That is after a $5793.11 down payment. MF is 0.00043 However, the second option was 36Mo. 12K miles with Audi Care, I got $605.53 per/mo with 55% residual. That is after a $5689.59 down payment. MF is 0.00043 as well. This is my first time leasing and I wanted to know whether I am getting a good deal or not. I am trying to take delivery by Tuesday. Please let me know ASAP!
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