Last post on Dec 05, 2013 at 3:34 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi Q7, Car Leasing, Car Buying, SUV
#492 of 1080 Re: Current buy rate lease factor and residula value 08 Q7 [ocautoseeker]
Oct 22, 2007 (5:39 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 1080 Current lease #'s
Nov 02, 2007 (8:33 pm)
Can someone tell me this month's lease #'s for a Q7 for 36/12 in NJ? Thanks!
#494 of 1080 Q7 lease price
Nov 12, 2007 (12:52 pm)
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.
#495 of 1080 Re: Q7 lease price [artsrt10]
Nov 13, 2007 (3:17 am)
Need to know the MSRP to get the residual value. The buy rate money factor for October was .0009 (2.16%). It's now November and rates may have changed.
Ask your dealership what the residual value is on that vehicle. Probably about 52% with 12k-mi/yr. Get Audi Care and that will add 1% to the residual. Find out November's buy rate money factor and then I can run the numbers.
Don't take the following numbers as exact, but I'd estimate your lease payments would be around $670/mo. for 36 mo. at 12k-mi/yr. (Drive off fees only)
*Numbers are based loosley on an approx. MSRP, adding Audi Care and assuming a 53% residual with the above mentioned MF.
#496 of 1080 Re: Q7 lease price [ocautoseeker]
Nov 14, 2007 (12:19 pm)
Thanks for the help. I'm trying to figure out how different the lease numbers are on a Q7, MDX w/ tech & entertainment, Yukon SLT2, Yukon Denali, and Escalade all with nothing down 12/36.
Appreciate your help. Any idea what the other cars lease for using the same parameters? Also, I assume your number didnt include tax, is that correct?
#497 of 1080 Re: Q7 lease price [artsrt10]
Nov 15, 2007 (4:03 am)
I did include the tax. I assisted someone else in NY a few months back and if I'm not mistaken, your sales tax rate was close to 9%, correct?
Now, as for the other vehicles, the MDX, by far, will have the best residual value. That combined with a low MF (if available) will net you a great lease. As for the GM products, big rebates and being able to cap the cost at/or near invoice will help, but not sure how strong their residuals are? I can look.
Call or e-mail a few dealers and tell them that you are interested in leasing and ask them what the residual and buy rate money factor are for a 36/36 lease? Running lease numbers is very simple math, but dealers want you to think it's tough. If you want, e-mail me directly at ocautoseekeryahoo.com and I'd be glad to help you further.
#498 of 1080 Nov AFS Money Factor
Nov 26, 2007 (10:27 pm)
Hi Car Man - Need your help. I am headed to the dealership in Atlanta to buy a '08 3.6 Premium with the following options:
Panaroma Sunroof, 4-zone climate control & Convenience Package.
The MSRP on the car is $53,875 and I worked the dealer down to $50,500. The invoice price as per Edmunds is $49,725. The dealer said that this is not the real invoice to them and showed me an invoice which was almost $1,750 more ($51,500). Could you please comment if this is a good deal. I am scheduled to go do the deal the day after tomorrow.
Also what is the current buy rate money factor if I were to lease it (10K/36 mo) and what would the monthly payments work out to? What fees are typical ( Acquisition fee - $575, Doc Fee - $299, Audi Care - $590)
If I were to buy it (60 mos) what is the current APR with AFS. I have a 740 credit score.
Any help would be greatly appreciated.
#499 of 1080 MF given to me
Nov 27, 2007 (1:10 pm)
The dealer in Atlanta gave me a MF of 0.0011 (2.64%) today with a Residual of 53% with Audi Care and 52% without for the '08, 3.6 Q7. Can anyone confirm if this is the correct rate? Has it gone up that much this month?
Thanks in advance.
#500 of 1080 Nov Money Factor
Nov 27, 2007 (3:52 pm)
Just finished talking to the finance manager at the dealership. He said that since I had preferred status with Audi (been with Audi/VW since 2000 in 4 cars) I was eligible for a buy rate Money factor of 0.00095(2.28%) and not 0.0011( 2.64%) as they had previously quoted me. So my Q7 3.6 premium with a $50,500 agreed upon price and Audi Care of $590, Acquisition fee of $575, Doc fee of $399 and tax/tags of $42 would work out to $725/mo + tax ($776/mo). I would have to put down $1000 and drive (1st month + some of the fees).
The alternative to this would be buying on a 60 mo APR of 7.59% which would work out to $1,090/mo with $1000 down.
Can anyone comment if this is a good deal. I am scheduled to sign and pick up the car on Friday.
PS: The car has a MSRP of $53,875 ('08 Q7 3.6 premium with sunroof, 4 zone climate control and convenience package) and an invoice of $49,725. Essentially got this at $775 above invoice.
#501 of 1080 Re: Nov Money Factor [chulsoo]
Nov 28, 2007 (10:25 am)
The doc fee of $399 looks like a garbage dealer add-on to me when added to the acquisition fee and the title/tags fee.