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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
712 messages, Last post on Jul 21, 2008 at 2:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Just wanted to say thanks for this site, I was able to compare notes and lease my new ride. Here's the deal: 2007 3.6 Premium. Silver color, Infotainment Package, Technology Package, Convenience Package, 4-Zone Climate Control, 19" Alloy Wheels w/All-Season Tires, 3rd Row Of Seats and A.M.I. MSRP $55,515 Invoice $51,217 Residual 53% 15K miles a year MF: 0.00069 Traded in 2 cars worthed $55,000 ($10K upside down) Included Acq fee, Title/ reg fee, Audi care as well. Payments are $999 a month without Sales Tax (since I have trade ins) Walk out with $3500 (that include first month lease). Much a savings of over $500 monthly payments for me for the 2 cars. I think we did good. Was really happy to be able to save some money and get rid of the older cars. Thanks all.
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Replying to: chile96 (Aug 18, 2007 6:13 pm) Good luck. |
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I sent out some emails to local dealers in regards to a 36 month lease with 15k miles per year.I asked them to base the lease on Cardirects buy price of $39,365.I got a few responses but they just throw out the current Q7 program.Am I going about this the wrong way.Sorry for my lack of knowledge.
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After a day spent in the dealership, I have the following offer. I'd love to know what you guys think. I will probably go back and finalize the deal on Monday. 2007 Q7 Premium. MSRP $50,110 Invoice $47,289 Selling Price $47,300 36 months/12k miles Money Factor .00024 Residual $26,057 Doc fee-167 Bank fee-575 Sec deposit-675 Total out of pocket-$3000.00 Payment is $655 per month This is right at their invoice price, but I wonder if I could get better due to the 2007 close out.
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Replying to: dbrouse (Aug 25, 2007 5:34 pm) If I were you, I would insist more on the discount off the MSRP of the price. If they refused, you should get 0.00014 as MF the least. Hope this information helps. Good luck. |
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Replying to: helmut122 (Aug 25, 2007 12:15 pm)
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Replying to: helmut122 (Aug 27, 2007 7:34 pm) Monthly Finance Fee = Lease Charge ÷ Term Money Factor = Lease Charge ÷ ( (Net Cap Cost + Residual) x Term ) Interest Rate = Money Factor x 2400 Total Monthly Payment = Depreciation Fee + Finance Fee And check out this site if you have anymore lease calculation questions. Lease Calculation
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Replying to: houstontxmob (Aug 29, 2007 6:51 am)
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Replying to: helmut122 (Aug 29, 2007 7:08 am) |
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question 1 - is this a good deal considering it is aug 30th 2007? or should it be closer to cost? 2007 Q7 3.6 Prem tech pack comf pack msrp $55,410, vehicle cost 51,612 sell price $53,500 0 down + first month + fees+ins $394 = 1212.61 794.97 month payment 36 months - 12k miles - residual 28,813.20 - residual base 49.00 question 2 the guy gave me a printout that says retention rate 0.00014 reserve rate 0.00015 disclosed rate 0.00029 what are these 3 #s - is the residual rate .00014? thanks
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