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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
720 messages, Last post on Sep 24, 2008 at 5:34 PM
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I found this forum in a google search for Audi Q7 lease prices. I've been reading some of the discussions and I have a couple of questions myself. First, what do the terms cap cost, residual, and money factor mean? I'll give a little insight on my situation and hopefully somebody can help me. I currently lease a 2005 Audi A4. My lease is maturing and my turn-in date is anytime from now until 5/7/08. I've already had SGS Automotive complete the inspection process and I'm "good to go". I would like to turn the car in and lease an Audi Q7. I'm undecided if I want to do it now or wait until the fall. I was planning on driving a family vehicle until the fall, pay off some bills and get ahead. But Audi is offering to waive the fees that would normally uphold at signing and I figure it would be around $2500, if not more. The only contingency is that I lease an Audi vehicle within 30 days of my current lease mature date. So if I want to take the deal, I need to do it soon. I have a Q7 that I am looking at. The sticker price is $52,125. Its a 2008 Audi Q7 premium, 3.6L V6. I prefer the V6 over the V8 for gas prices, etc. It is also the color I prefer. I am planning on making an appointment to talk #'s with the dealer but I've been reading other peoples comments and just need some clarification on some things. I've read about the $1000 incentive but that it is not offered in the Northeast area. And the terms cap cost, residual, and money factor are confusing to me which I think is a really bad start!! It sounds like terms I should or need to know before leasing this vehicle. Can anyone help me? And maybe give a "ball-park" figure on what I might be looking at for a lease price...let's say 12,000 miles per year and a 24 or 36 mo. lease. I want to make sure it's in my allowed price range before I even think about going to the next step. Thanks 
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Replying to: jmunroe (Apr 07, 2008 1:59 pm) Secondly for the Central Region (not sure if available in your area, so go AUDI.com to check specials) we can get a MSRP $52,295 - Q7 3.6 Premium with convenience package, panorama sunroof and destination charge for $589 / month. That is for 10K miles / year and amount due at leas (security waived and first month included) $3,534 Pretty sweet deal in my mind
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Replying to: mdiab (Apr 07, 2008 2:24 pm) I think I misunderstood what is waived during sign-on. I thought when I read it, it meant that I would only owe the first inital down payment and everything else would be waived! But I may be wrong...I really want to try and stay away from the $3000+ due at signing...But I guess we'll see. Thank you for all of your help 
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Lease Deal in NY After months on going back and forth with the dealers - I was between an Audi Q7 3.6 Premium and an Acura MDX w-tech. I just signed the lease on the following: Audi 3.6 Premium Q7 (20 in Wheels, Panaromic Sunroof, Convenience Package, Navigation, Cold Weather Package, Ipod adapter and Audi Care ) for a total of $2,200 out of pocket (basically $1500 + first months payment) and $705 per month. I think this is a great deal...any comments
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Replying to: rpowers1 (Apr 12, 2008 12:31 pm) is sales tax part of the $2200 or in the payment ? which dealership ? |
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I just want to share & listen your comments on the deal that I just signed. (April 12th 2008) You Experts!!!.... Please reply with some comments. Q7 3.6 Prem. MSRP $57,075 Options Included, 1. PPX - Conv Pkg 2. 3FU - Panorama roof 3. PND - Navigation 4. PRM - 20'' Wheels 5. Quartz Gray Metalic - (additional $750) 36 month, 10K per year. Residual 52% + 1% (Audi Care  $650) = 53% Money Factor - 0.0006 Dealer Contribution : $1,500 (applied to reducing cap cost) Drive Off : $3,200 (including dealer contribution & first month payment, DMV, and ect) Final Monthly Payment : $660 per month (Including 7% NJ Tax) How do you think? Was it good or bad deal? I really can't figure it was good or bad deal. I am not sure it was below invoice deal or not. I don't think I did too bad but just want to listen your thoughts. Your help would be highly appreciated. God Bless and Thank you all. JH
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I just want to share & listen your comments on the deal that I just signed. (April 12th 2008) You Experts!!!.... Please reply with some comments. Q7 3.6 Prem. MSRP $57,075 Options Included, 1. PPX - Conv Pkg 2. 3FU - Panorama roof 3. PND - Navigation 4. PRM - 20'' Wheels 5. Quartz Gray Metalic - (additional $750) 36 month, 10K per year. Residual 52% + 1% (Audi Care $650) = 53% Money Factor - 0.0006 Dealer Contribution : $1,500 (applied to reducing cap cost) Drive Off : $3,200 (including dealer contribution & first month payment, DMV, and ect) Final Monthly Payment : $660 per month (Including 7% NJ Tax) How do you think? Was it good or bad deal? I really can't figure it was good or bad deal. I am not sure it was below invoice deal or not. I don't think I did too bad but just want to listen your thoughts. Your help would be highly appreciated. God Bless and Thank you all. JH
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Replying to: rpowers1 (Apr 12, 2008 12:31 pm) |
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Replying to: psyopmnd (Apr 12, 2008 5:51 pm) I assume from your Drive Off : $3,200 you paid only $1700 after dealers contribution of $1500 I have just pulled the trigger in NJ dealership Q7 3.6 Prem. MSRP $56,825 Options Included, 1.Conv Pkg 2.Panorama roof 3. Navigation 4. 20'' Wheels 5. Cold Weather (36 month 10K) Inseption Fees $1729 including first payment and Bank Fee Monthly payment $633 includes audi care and NY tax (%8.375)
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Replying to: beoperson (Apr 14, 2008 5:39 am) The residual and rates are what they are, so to me, the bottom line really rests in the actual selling price of the car - i.e., how much above invoice can I reasonably expect to pay? I only want to put down bank fee, first month, registration. I'm still deciding between the X5, Q7 and MDX. I've gotten good numbers on an MDX, not so good on the X5.
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