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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
712 messages, Last post on Jul 21, 2008 at 2:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car Man, Just wanted to know if I am getting a good deal on this. I live in NY and am being offered this car for 669 per month tax included. DAS is first month, bank fee, DMV fee and NY tax which come out to a grand total of 1,697. Any thoughts?
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Replying to: Car_man (Apr 18, 2008 2:33 am) Are you sure they have 4 Zero? .0006? I thought it is .0006 Even with that, I came up with approx $613 plus tax. They came up with $750 including tax. Tax here in Texas we have to pay the whole amount - not just the lease. I am trading in a car worth $23K - So I am paying the different of $47-$23K in tax. Where do you get the info regarding moeny factor for Audi at .00006? Carman http://www.dallasareaaudidealers.com/audi/regional_aoa/dallas/AudiQ7_LeaseOffer0- 8.html According to the web site the special is $579 per month for 36 months with $2500 down and TTL. How can I get to the price you are quoting without sounding too stupid. As I have mentioned, I have paid what I want to pay without working with the break down. I know I am paying about $30-50 more per month depend on the car. in the past. Now I have been educated by this site and want to know the right reason why you came up with that number Thanks Tleco
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Replying to: tleco (Apr 28, 2008 4:49 pm) http://forums.audiworld.com/q7/msgs/25016.phtml
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Replying to: nachi (Apr 28, 2008 3:57 pm) this is what I was able to get : msrp of 53425, convenience, sunroof, cold weather cap cost of 50650 including audicare edmunds invoice is 49750, so my selling price was 250 over invoice and I am paying for the audicare. a 36 month / 15k lease payment on this is $670 without 7% sales tax inceptions amounted to 3430, first month of 670, bank fee of 575, dmv fee of 259, doc fee of 179, sales tax of 1747. I used the 1500 of audi lease cash to reduce the inceptions to 1930. I also used the 1000 conquest rebate to reduce the inceptions to 930. so your deal is comparable to mine and I thought I got a pretty good deal. are you getting 36 / 15k ? wear is your lease cash being applied ? are you eligible for the conquest rebate ?
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Replying to: loggie (Apr 28, 2008 7:04 pm) DAS = First Month 669 DMV = 250 Bank Fee = 595 Tax = 183 Total = 1697 Not sure where the lease cash is going but I am getting the 1500 cash back which i believe is the conquest rebate. Q7 3.6 premium with Conv. PKG and sunroof which I forgot to mention. |
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Replying to: loggie (Apr 28, 2008 6:50 pm) Thanks for the money rate for the Q7 While at it - can you get me the money rate for Mercedes SLK280 for the wife Thanks Tleco
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Replying to: tleco (Apr 28, 2008 7:58 pm) |
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My first post. Thank you in advance for your attention and help. My wife and I are considering leasing a 2008 Q7 Premium. If I understand things correctly, the money factor used to calculate the monthly lease payment should be .00006. I am being told by our local Audi Sales Manager (there is only one in town) that the money factor is different for different Audi regions and/or markets. Thus he is quoting us a money factor of .00042 (1%). Under our particular leasing scenario, the difference between the .00042 and .00006 is approximately $33.00 per month. I haven't yet countered with the .00006 factor (pending an answer to this question). 1) Is there basically one money factor (for example the .00006) that should be used by all Audi dealers nationwide or does it change from market to market? and 2) will I lose all credibility from this local sales manager when I ask him for the .00006 money factor given the significant difference between this rate and his offer to us (.00042)? Thanks for your help.
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Replying to: nunch (Apr 29, 2008 8:54 pm)  $5- $7 example (61000 (full capcost) + 32330 (53% residual))*.00006 = 5.6 . That's sticker price 61000 and you finance all 61000.00. Therefore, even if you give them $6 lease charge, you're safe. (Whatever the payment is - tax - $6.00) x 35 months + your drive off + rebate + residual = the price they're selling for. yes, when it has only 3 zeros in the money factor, it's about $28-30 different on the payment. Lease rates are the same everywhere. The reason they give you .00042 is because they want to make 800-900 extra on the interests or sell you something in the finance and credit you with that interests. You only lose credibility is if they give you everything you asked for and you then don't want to go through with the deal. They need to make some money to survive, therefore, IMO $1500 profit total is a win-win deal. Cheers and good luck, |
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660 a month incl. taxes, 960 drive off incl. first month payment 36 months, 10K miles MSRP : 56825 Invoice : 52902 Cap Cost : 50,200 Audi Care: 675 Acq. Fees: 575 License : 250 Doc: 50 Adjusted Cap Cost(incl. negotiated price, audi care, acq fees, license, doc) = 51750 LF: 0.00006 Residual: 53% = 30,117 Depriciation: 21633 Finance charge = 4.4$ a month (based on 0.00006) Monthly premium = 21633/36 + taxes (55) + finance charge (4) = 660$ Have fun, Love Q7.
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