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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
704 messages, Last post on Jul 08, 2008 at 8:05 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I've found this deal online and have visited a local dealer in CA, but I'm a bit hesitant as I had never leased a car before. I've always bought; but this deal has caught my attention: "$559* lease per month for 36 months Now through May 2, 2008 Down payment: $1,999 Refundable security deposit: $0 Acquisition fee: $575 First month's payment: $559 Amount due at lease inception: $3,133 Excludes taxes, title and dealer fees *36-mo. closed-end lease offered to qualified customers by Audi Financial Services through participating dealers. Must take delivery by 5/2/2008. Rate based on $50,975 MSRP of 2008 Audi Q7 3.6 Premium with Quattro, Panorama Sunroof and destination charge. Purchase option at lease end for $26,507. Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end." I'd appreciate your thoughts, I like the car and it seems to me that I could get away with paying $23K for the first three years and then buy the car for $26.5K  5.5% and end up paying $30K in total. Any feedback will be greatly appreciated. 
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Replying to: tleco (Apr 17, 2008 8:10 am)  . Thanks for taking the time to share the price that you were quoted for the Q7 with others. You sound like you would be a fountain of information for the Dealer Ratings & Reviews section of this site. Make sure to stop over and check it out. Thanks. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: tleco (Apr 17, 2008 8:19 am) Let's work up a sample lease payment on this vehicle and see what we come up with. According to my calculations, if you were to lease a 2008 Audi Q7 that has an MSRP of $53,000 and a selling price of $47,000 through Audi Financial Services right now for 36 months using a money factor of .00006 and a residual value of 50%, its zero down, pre-tax monthly payment would be around $574. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: capsfan (Apr 17, 2008 12:30 pm) I see that you are considering making a $3,000 capitalized cost reduction on your lease. I always advise consumers against making large cap cost reductions when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you will be much better off going with a zero down lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: fishhead (Apr 17, 2008 5:59 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: orzo (Apr 17, 2008 9:43 pm) In my experience, savvy consumers who live in an area that has a decent level of competition are usually able to negotiate better deals than manufacturers' official advertised lease payments on their own by shopping around. The best way to get a good deal on a lease of an Audi Q7 is do some research here at Edmunds.com to find out what the dealer invoice price of the exact model that you want is. then comparison shop with a couple of dealers to see how close you can get to that number. Once you have arrived at a selling price that you are comfortable with, have the dealer that is giving it to you calculate your truck's monthly payment using Audi Financial Services' buy rate lease money factor. AFS' buy rate for a 36 month lease of a 2008 Q7 3.6L Premium is .00006. Good luck in your quest for your first leased vehicle and let us know if you have any other questions. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: orzo (Apr 17, 2008 9:43 pm) Tax in CA is it 8%? plus fee Here in Texas we have to pay tax for the whole amount of the selling price - not just portion of the lease. |
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Car-man believe it or not it sound a little stupid. As many cars as I've claimed to own and leased- but I nver really worry too much about the lease break down. I negotiated the best price for the car and let the sales people do the lease. I know they make some extra money but I dont realy care. Suddenly my wife wanted to get involved with the lease and she wants to squeeze every penny out of the deals sometime it becomes extremely unreasonable and embarassing. SInce Audi Q7 will be my first Audi, I went to this website to see the opnions about the cars and learned a little about the lease questions. Now I know the details of the break down for my purpose but still give the sales people a little to eat. Best regards
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for example : msrp - 53425 cap cost - 50000 lease cash 1500 conquest rebate 1000 I obviously can lower the cap cost to 47500 or I can use the 2500 against the inception fees & sales tax but ... can I roll the inceptions & sales tax into the lease and ask for a check for $2500 ?
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Replying to: Car_man (Apr 18, 2008 2:58 am) Does the no money down rule apply to a balloon purchase opportunity as well as a lease or just for a lease? Thanks for the advice about the MF. |
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