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Audi Q7, Car Leasing, Car Buying, SUV
Aug 21, 2007 (8:47 pm)
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.
15K miles a year
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.
#428 of 1080 Re: Lease rates [chile96]
Aug 22, 2007 (2:59 am)
I think there're 2 scenarios you can practiced. Either that get the $4000 off MSRP or low MF (0.00014). However, what you can do is try to get in between as close as possible. At least, that's what I did for me in Houston, TX. I was able to get the $4000K off MSRP and get MF of 0.00069. (oh, my milleage allowance is 15K/ year)
#429 of 1080 Q7 lease question
Aug 25, 2007 (11:15 am)
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.
#430 of 1080 Q7 offer, is this good?
Aug 25, 2007 (4:34 pm)
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.
Selling Price $47,300
36 months/12k miles
Money Factor .00024
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.
#431 of 1080 Re: Q7 offer, is this good? [dbrouse]
Aug 26, 2007 (5:26 pm)
FYI, referring to my deal, I think you should get at least $4K off MSRP for 2007 model. I was almost $8-9K upside down with my trade in. And I only have to pay $998/month with 15K a year 36months with VERY minumum down payment! And miune included the Audi care as well. My Q7 was loaded wiuth $56K MSRP. They sold it to me for less than $51.5K.
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.
#432 of 1080 Re: Q7 lease question [helmut122]
Aug 27, 2007 (6:34 pm)
Can someone help me out with the formula.I'm looking to lease a 3.6 Q7,not the premium.The purchase price from crasdirect is $39,365 the msrp is $43,365.I would like to lease it for 36 months with 15k per year with just the charges down,a sales person gave me a money factor of .00014.I'm trying to figure out my monthly payment but can't quite figure it out.Any help would be great I need to purchase something soon.
#433 of 1080 Re: Q7 lease question [helmut122]
Aug 29, 2007 (5:51 am)
First of all, I think you should get the Residual value of that car. And also, you need to know the sale price of the car as well. The monthly payment calculation are as follows:
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
#434 of 1080 Re: Q7 lease question [houstontxmob]
Aug 29, 2007 (6:08 am)
Thank you sir, the sale price would be $39,365,the residual needs to be based on 36/15k correct?
#435 of 1080 Re: Q7 lease question [helmut122]
Aug 29, 2007 (4:34 pm)
Correct. I got mine Q7 lease a week ago with the same 36/15K. If I am not mistaken, my residual is 56%.
#436 of 1080 q7 lease 2 questions
Aug 30, 2007 (5:34 pm)
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
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?