Last post on Dec 05, 2013 at 10:38 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi Q7, Car Leasing, Car Buying, SUV
#431 of 1079 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 1079 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 1079 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 1079 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 1079 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 1079 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?
#437 of 1079 Re: q7 lease 2 questions [mediaman1]
Aug 31, 2007 (5:06 am)
First of all, you would want to get the sell price to be as low as the vehicle cost, or perhaps lower. No way you should pay more than invoice for a year-end model vehicle. The residual price is based on MSRP. From this number, it is safe to say that the residual value is 52%. But I thought it would be a little higher than that. By the way, does the deal includes the Audi care? If yes, the residual will be higher, and you would be paying less $$ (monthly payment).
Question 2, no clue about those #s. But I think that retention rate is Money factor. You should try to get that MF even if you don't get the $4K discounts. Hope this helps. Good luck.
#438 of 1079 Re: q7 lease 2 questions [houstontxmob]
Aug 31, 2007 (6:19 am)
it does include audi care - they say they put it in for free
the dealer disclosure form also says
residual (base) 49.00
residual (bump) 2.00
i assume this means 51% residual value
the disclosure they gave me also says
back end 345.60
total profit 2233.60
he said they have to make a little profit or it is not worth it
do the dealerships buy the car at vehicle cost or less?
they say this is there last 2007 and if i get a 2008 it will cost alot more - will the money factor be higher on a 2008
he said the decision has to be made today
#439 of 1079 Help ...
Aug 31, 2007 (8:42 am)
The dealerships are looking to unload these 07's. Here is a breakdown of one they are offering me today only they have a few similar on the lot as well all with different options but this is the most loaded 07 they have left i was really looking for 20' tires but .....
Garnet Red/Black int
-3rd row seats
-Audi music interface(ipod)
-Multifunction steering wheel
-19'' 7-arm wheels(standard on 4.2 premium
-Technology pkg(rearview camera, advanced key push button start, Audi side assist, Voice Recognition)
-Infotainment pkg(Navigation, Blue tooth prep, Sirius Sat radio)
Here is what they are offering.
3500 total out of pocket which includes taxes
$696 per month
good deal can I do better? Are there any design differences in the 08 model I would hate to lease a 60,000 truck if the 08's are not the same ..
#440 of 1079 Re: q7 lease 2 questions [mediaman1]
Aug 31, 2007 (8:59 am)
Seriously, I would advise you to go to other dealerships closeby to get another quote. The last thing you want them to do is to rip you off.
I am not saying that you are being ripped off, but that's not what others are paying for their 2007 Q7's.
If I were you, I wouldn't get the 2007 ones if I can't more discounts on them. Instead, I will look into the 2008 ones. Though the price on 2008s are higher, most of the features are standard. You are paying/getting the same price and features at the end. Hope this helps.