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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
721 messages, Last post on Oct 11, 2008 at 10:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: conelecon (Apr 25, 2007 8:42 pm) 2007 Audi Q7 3.6 Premium: 36 Month, 15k – Residual 51% of MSRP – 0.00038 Base ("Buy") Rate Residual is +1% with Audi Care, -2% with S-line, so *with* Audi Care it should actually be 51 - 2 + 1 = 50%. Your dealer is giving you 1% extra somehow. Strange. Audi Care is around $570 and hence pays for itself (1% of MRSP = $570). So do it! Even with such a low monthly payment, DO NOT do ANY more than 1 security deposit; after the first one (if you don't put it down, your MF increases by 0.00015, which will cost you $450 in interest over the life of the lease, but multiple SDs will decrease the MF by much less), at these extremely low Money Factors, the opportunity cost is far greater than the reduction in interest. Generally, you should minimize the drive-off as much as you can. (actually, for people who have a monthly payment above the $1k mark, you shouldn't even put down the 1 security deposit, since the opportunity cost will be greater than even the $450). Yes, "Buy" and "Sell" rates can be different; your dealer is giving you a price pretty close to invoice so he's trying to make money on the lease. That's normal -- but be careful on how much he charges up. Ask for the total interest. By each 0.00035 he marks up the MF, he's pocketing around $1,000 extra from you. So be careful!
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Replying to: hspder (Apr 26, 2007 8:47 am) |
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I just leased a white w/beige 4.2l Q7 premium w/ tow pack. And 20” wheels for MSRP $61090 … for $2000 UNDER invoice. I planned to do this lease in a month or 2 but I got this e-mail from a HBL of Tyson’s in Va. (Someone who I had initially contacted about inventory) who was offering $2000 under invoice on all Q7s in stock. I rushed down and found the exact car I wanted (they have a huge inventory of Q7s) about 2 months earlier than I had planned. While closing the deal I was told “I got the last slot” available on some “limited promotion” of 21 slots Audi was giving the dealers to subsidize this $2000 under invoice thing. I don’t know how true it was, but I do know they had at least 30 2007 Q7’s with new 2008 Q7s on the way. My deal was: $2000 under invoice Sec deposit and 1st month Acquision fee $575 Title fee $23 MF .0007 Residual after Audi care 49% boooo License fee $216 Sale Tax 5.2% for Maryland where I live $2867 Documentation fee $345 Audi care $590 Wonderful car..probaly more car than I need (I wanted a loaded 3.6L) but this was about $3k more so why not…. I believe at this point anyone can get invoice for any 2007 Q7 in any dealers stock. Now I have to figure out how to pay for the $90 tanks of gas? |
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I am looking at getting a 3.6 premium. With options, selling price is $52,100. What kind of monthly payment would I be looking at? Everytime I seem to calculate, I get wrong numbers compared to everyone else posting. I have perfect credit, and my tax rate is 6%. Thanks...
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Replying to: jasonrhcastle (Apr 29, 2007 11:14 am) Yes, it's a lot of assumptions, but you are not giving us much information... MF: 0.00038 Residual: 52% Cap Cost $53,861.80 Residual Value $27,092.00 Depreciation $743.61 Interest $30.76 Sales Tax $46.46 Total Monthly Payment: $820.83 |
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Replying to: kris17 (Apr 27, 2007 2:31 pm)
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Replying to: ody02tjk (May 01, 2007 8:31 am) The MSRP of my car was $55,670. I am leasing for 36 months, 15,000 miles per year. I gave Audi a $3,000 refundable security deposit to lower my Money factor to 0.00006 (0.14%) Doing this saved $30/month in payment. I also have Audi Care. All scheduled maintenance is covered. Since they add 1% to the residual value, the payments didn't change at all. I paid $1785 at lease signing (first month payment, acquisition fee, registration, etc) plus $3000 security deposit. My payments, including NJ taxes, are $732. |
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Can someone please tell me this month's money factor and residual value from Audi Financial for both the 3.6 Premium and 4.2 Premium Q7 -- 12K miles, 36 months? Thanks.
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(1) For the 3.6 and 4.2, what is the MF for May? (2) A few months ago, at one So Calif dealer, there was an Audi promotion to pay the first month? At that time, it was invoice+$1000 -first month ($800) -- which meant net cost of invoice+$200. Is there any current promotion? (3) Can you get closer to invoice and still get the good MF? (4) What will purchase of AudiCare due to transaction? (5) How do deposits work? |
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carman: Could you confirm the may lease rates (residual % and money factor) for the Q7? 3.6 premium? 10,000 miles per year? thank you very much |
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