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Audi Q7 Lease Questions

720 messages,  Last post on Sep 24, 2008 at 5:34 PM

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


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#485 of 720
I need urgent help with money factor! by baxterdown
Sep 28, 2007 (2:58 pm)
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Replying to: midnightblue (Sep 26, 2007 8:35 am)

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
 
MSRP $58,825
Selling price is $56,625
 
MF 1.2%
Residual 53%
 
$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
 
Jose
#486 of 720
Bank Fee is bogus and you should get more off of msrp by 0audilicious0
Sep 28, 2007 (10:46 pm)
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Replying to: baxterdown (Sep 28, 2007 2:58 pm)

#487 of 720
which option would you chose? by surfcr
Sep 29, 2007 (10:13 am)
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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?
thank you
#488 of 720
Re: which option would you chose? [surfcr] by houstontxmob
Sep 30, 2007 (7:50 am)
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Replying to: surfcr (Sep 29, 2007 10:13 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.
#489 of 720
Residual by midnightblue
Sep 30, 2007 (7:58 am)
Reply
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.
#490 of 720
Current buy rate lease factor and residula value 08 Q7 by zuzmenow
Oct 08, 2007 (6:14 pm)
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Hello! I am interested in determining the current (October) buy rate lease money factor and residual value for a 36 month lease of a 2008 Q7 3.6 Premium with S-line package with 10,000 miles per year. I appreciate any help in advance.
#491 of 720
Re: Current buy rate lease factor and residula value 08 Q7 [zuzmenow] by ocautoseeker
Oct 19, 2007 (2:34 am)
Reply

Replying to: zuzmenow (Oct 08, 2007 6:14 pm)

Just leased a 2008 3.6 Premium (Ice Silver/Limestone Gray) with Convenience Pkg. Nav, 20's, and 4-Zone Climate Control.
 
This was a rare car given it did NOT have a sunroof, which we did NOT want anyway. Only other option that we would have preferred would have been the 6-seater configuartion, but there didn't seem to be very many in SoCal, at least in our desired color combo.
 
MSRP: $55,425.00
 
Invoice: $52,066.25
 
Cap cost: $52,566.25 ($500 over invoice)
 
MF: .0009 (2.16% APR)
 
Residual: 53% w/o Audi Care 54% w/ Audi Care
 
Terms: 36mo,10k/yr (minimun drive-offs - ~$2k)
 
Total: $770.65 (includes 7.75% tax rate)
 
Dealer was Audi of Mission Viejo. Great service and even got a better deal working with a retail salesman over Fleet!
 
Standard fleet deal was $1000 over at all dealerships I contacted., and probably could have got the same deal in that department, but decided to give the kid who demo'd the car for us a shot. Just had to tell him what I wanted and he worked to get it done. Awesome customer service!
 
I did all my negotiating via phone, e-mail and fax.
#492 of 720
Re: Current buy rate lease factor and residula value 08 Q7 [ocautoseeker] by houstontxmob
Oct 22, 2007 (6:39 am)
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Replying to: ocautoseeker (Oct 19, 2007 2:34 am)

Exactly like mine! But mine is 2007 year model and with added Infotainment Package, Technology Package, Bluetooth Phone Preparation w/Comfort Center Armrest and Audi Music Interface. And yes, we have to pay the whole sales tax (6.25%) on new car as well. And with Audi care, I think the residual is about 53% bought it 3 months ago.
 
We had almost $9K upside down with our trade and we are paying about $998 a month for 36 months with 15K miles a year. And the out of pocket was only $2000, which included first month payment. The whole test drive, negotiation and paperwork signed took only 2 hours. Great experience, absolutely loving the car!
#493 of 720
Current lease #'s by copper
Nov 02, 2007 (9:33 pm)
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Can someone tell me this month's lease #'s for a Q7 for 36/12 in NJ? Thanks!
#494 of 720
Q7 lease price by artsrt10
Nov 12, 2007 (1:52 pm)
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Hey guys, any idea what i can expect a monthky lease to run for the Q7 w/ an asking price around 45k using 12k/yr, 36 mos, and excellent credit (over 700, prob over 720) assuming only first month and docs at inception (bank fees, taxes etc in payment). I am in staten island, ny.
 
Thanks!

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