Last post on Dec 05, 2013 at 3:34 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Audi Q7, Car Leasing, Car Buying, SUV
#480 of 1080 Re: Message for Car_Man :-)
Sep 20, 2007 (3:59 pm)
I hope you're still around to offer some insight...
This month's lease rate numbers for the Q7 3.6P do not make sense... According to your numbers, the MF jumped 500% (from 0.00014 to 0.00075). That alone represents an average $80 to $100 jump on a monthly payment.
I went back and looked at MF and residuals you so kindly posted from June 2006 through August 2007 and calculated a payment using leaseguide.com's calculator for each month. The payment remained consistent within a few dollars every single month with the exception of Nov/Dec 06 when Audi Financial Services had a program and the payment dropped by about $50. Other than that, as residulas were adjusted through out the model year, so were money factors, thus keeping the monthly payment consistent.
Naturally, I'm alarmed to see that the MF all of a sudden jumped so much this month!
If you could offer some insight as to why you think MF jumped so high this month I would appreciate it. Of course, it would also be great to hear your prediction
I'm heading to the dealer this weekend and I'm afraid its not going to be pleasent...
Thanks in advance!
#481 of 1080 Re: Message for Car_Man :-) [baxterdown]
Sep 25, 2007 (5:34 am)
So how's the trip to the dealership? Did you get the car? Keep us posted!
#482 of 1080 Re: Message for Car_Man :-) [houstontxmob]
Sep 25, 2007 (8:36 am)
Hey, still waiting! Dealer said the car was arriving to port and the end of last week so I'm sure they'll be calling me soon...
I'm really worried about September's MF and Residuals. The numbers really went to h*ll this month, which effectively have bumped the payment by about $70 x month. That times 36 months is 25 hundred bucks!!!
With a little bit of luck, my car will get delayed and not arrive until October when the rates will be better
I'll keep you posted
#483 of 1080 Re: Message for Car_Man :-) [baxterdown]
Sep 25, 2007 (8:51 am)
Hope everything works out well for you. Don't worry, you have 5 more days before Oct. Most likely u will do alright if they really wanted to sell the car to you. Good luck.
Can't wait to have u discussing about yr new ride in Audiworld forum
#484 of 1080 Dealer Advertising / Dealer Prep Fee
Sep 26, 2007 (7:35 am)
I'm located in PA and my dealer is claiming that Audi adds a dealer advertising fee to the invoice. This fee is additive to the dealer invoice price for the car and options. In addition, the dealer claims that there is a dealer prep fee which is also additive. Together, these fees amount to $756 which are added to the invoice price in order to calculate true dealer cost. It is from this adjusted cost that dealer markup is applied.
I just want to verify that these cost adjustments are legit. They did show me an invoice from Audi (although from a vehicle transferred from NY) that did in fact include about $400 for dealer advertising fees.
Can anyone confirm or repudiate that these fees are indeed legit?
#485 of 1080 I need urgent help with money factor!
Sep 28, 2007 (1:58 pm)
Dealer gave me "1.2" as money factor. That doesn't make sense. AFS's MF for september is .00075 which translates to 1.8% interest rate.
1.2% interest rate equals to 0.0005 MF which I know is not AFS's september lease rate.
Any thoughts? I'm heading to the dealership tomorrow Saturday to do the deal!
Here are the initial numbers they gave me:
36months at 12k yearly
$2,129 due at signing
$829 plus tax
Selling price is $56,625
$2,129 breakdown- $399 bank fee- $575 acquisition fee- $145 license fee- first month payment- taxes- and florida surcharge for the lease of about $70.00
The 829 is without tax. With tax the payments are $879.16.
Besides the MSRP, Aquisition Fee, and Residual, the rest of the numbers are a bunch of BS! I ran them through leasecalc and they come out to $795 X month with tax!
Here are a few questions,
- as I understand it, "bank fee" and "aquisition fee" are the same. Am I mistaken?
- Isn't the aquisition fee included in the calculation of the lease rather than paid at inception?
- What the h*ll is a "Florida Surcharge"?!
Thanks in advance for your help
#486 of 1080 Bank Fee is bogus and you should get more off of msrp
Sep 28, 2007 (9:46 pm)
#487 of 1080 which option would you chose?
Sep 29, 2007 (9:13 am)
value of 2008 Audi Q7 4.2l $70,500 all in.
lease options: 36 months, 10,000 miles, at $1,045 a month, plus $2,300start up, $399delivery fee, 6.9%taxes and $590Audicare.
Would love to own this car seven years. Would you buy outright or select lease option? Is Audi a car that lasts?
#488 of 1080 Re: which option would you chose? [surfcr]
Sep 30, 2007 (6:50 am)
For that price, I'd say you have a decent deal. But I would be VERY interested to know the Residual value of the Q7 after 3 years lease. I think it's best to have the warrantee of the vehicle during the duration of your ownership.
Leasing the car for 36 months will give u a good picture if you would want to own that car for 7 years or not. I'd say give it a try.
Worst case scenario, you can return the car is 3 years and walk out with no strings attached. Or you can pay off the residual value of the car to keep it. The latter one seems good if you are indeed serious about enquiring that vehicle. Either way, you will be driving the car first.
Sep 30, 2007 (6:58 am)
From the September AFS sheet, the residual value of an 08 4.2 Premium with Audi Care on a 36mos lease 10K miles per year is 53%.
IIRC, it's 49% at 15K miles per year. Add 2% for 10K miles per year and add 1% for Audi Care.