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Audi Q7 Lease Questions

703 messages,  Last post on Jul 01, 2008 at 10:28 PM

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What is this discussion about? Audi Q7, Car Leasing, Car Buying, SUV


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#436 of 703
q7 lease 2 questions by mediaman1
Aug 30, 2007 (6:34 pm)
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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
#437 of 703
Re: q7 lease 2 questions [mediaman1] by houstontxmob
Aug 31, 2007 (6:06 am)
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Replying to: mediaman1 (Aug 30, 2007 6:34 pm)

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 703
Re: q7 lease 2 questions [houstontxmob] by mediaman1
Aug 31, 2007 (7:19 am)
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Replying to: houstontxmob (Aug 31, 2007 6:06 am)

thanks
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
profit
markup 1888
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 703
Help ... by miker
Aug 31, 2007 (9:42 am)
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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
  
  
Options include
-Tow pkg(6,600lbs)
-Panorama roof
-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)
 
$58,000
 
Here is what they are offering.
 
36/15
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 703
Re: q7 lease 2 questions [mediaman1] by houstontxmob
Aug 31, 2007 (9:59 am)
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Replying to: mediaman1 (Aug 31, 2007 7:19 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.
#441 of 703
Re: Help ... [miker] by houstontxmob
Aug 31, 2007 (10:11 am)
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Replying to: miker (Aug 31, 2007 9:42 am)

The quote is actually close to mine (got my Q7 1 week ago) except mine doesn't have the Roof and Tow package.
 
I think the quote is a good deal. Look at it this way, the special lease Audi have now is $550/month for 36/10 with $4000 down and plus TTL. And that was for a MSRP $50K Q7s.
 
Perhaps in order to get to that monthly payment, you might have to come up with another $3000 for the TTL.
 
That's probably close to $7K out of pocket.
 
Comparing to your quote, which is $8000 price difference in MSRPs. And the out of pocket $ difference is $4000. So you are looking at an appr. $12000 price difference.
 
Your out of pocket is only $3500. And even if the monthly payment is $150 more than the special lease ($550/month), with $1000 equals appr. to $30 more a month, you actually got a VERY handsome deal!!
 
Sorry for the lengthy explanation, but I hope you got my point through this. I'd said "What are you waiting for!!!" LOL. Good luck!
#442 of 703
Re: q7 lease 2 questions [houstontxmob] by miker
Aug 31, 2007 (10:13 am)
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Replying to: houstontxmob (Aug 31, 2007 9:59 am)

thanks I will do that! I'm curious for a car in the 55,000 range what is a good lease price on these Q's so at least I can seem somewhat educated when I go in. From looking at other cars it seems everything in the mid 55 range leases in the mid to high 7's.... or thats what they are telling me. I would love to put nothing down and get a lease in the mid 600 range..
#443 of 703
Re: q7 lease 2 questions [miker] by houstontxmob
Aug 31, 2007 (10:18 am)
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Replying to: miker (Aug 31, 2007 10:13 am)

Yes, I was in the same shoe like you, except we traded in 2 cars and was really upside down close to $9K. Even with that, my out of pocket was only $3500 (1st month included and no tax since my trade-in(s) worthed more than the Q7), our montly payment is only $998/month with 36/15. And yes, Audi care included as well.
 
And yes, please get the full packages Q7, you will not regret it a bit even if u are paying more!! I absolutely enjoy and love driving my Q7.
#444 of 703
Re: Help ... [houstontxmob] by miker
Aug 31, 2007 (10:21 am)
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Replying to: houstontxmob (Aug 31, 2007 10:11 am)

Hey thanks for your help! These dealers are crazy he started at 869 a few weeks ago it makes me always wonder how low will the go or what is actually a good deal it would make me sick to get ripped off..
#445 of 703
Re: Help ... [miker] by houstontxmob
Aug 31, 2007 (10:25 am)
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Replying to: miker (Aug 31, 2007 10:21 am)

Hehe, but I did enough research through here and straightened all the numbers first before I entered the dealership to deal with them. Also, make sure you get the car price negotiation done first before telling them you want to lease/finance a car and then talk about trade-in at the last (if u have any).
 
Have an idea how much you should be paying first before heading to the dealership. If I were you, no harm haggle a little on lowering the out of pocket or lowering monthly payments. Good luck!

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