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Audi Q7 Lease Questions

817 messages,  Last post on Nov 26, 2009 at 9:50 PM

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

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#659 of 817 Money Factor by nunch Apr 29, 2008 (7:54 pm)
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. Replies to this message: ltooz_audis (Apr 30, 2008 2:55 pm)
#660 of 817 Re: Money Factor [nunch] by ltooz_audis Apr 30, 2008 (2:55 pm)
Replying to: nunch (Apr 29, 2008 7:54 pm) .00006 you will have lease charge for Q7 max out $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 $1500 profit total is a win-win deal.   Cheers and good luck,
#661 of 817 Audi Q7 Premium, Conv. Package, moonroof, 20'inch wheels, DVD Nav, Cold pkg by mayurjagtap May 01, 2008 (5:46 pm)
660 a month incl. taxes, 960 drive off incl. first month payment 36 months, 10K miles   MSRP : 56825 Invoice : 52902   Cap Cost : 50,200 Audi Care: 675 Acq. Fees: 575 License : 250 Doc: 50 Adjusted Cap Cost(incl. negotiated price, audi care, acq fees, license, doc) = 51750   LF: 0.00006 Residual: 53% = 30,117 Depriciation: 21633 Finance charge = 4.4$ a month (based on 0.00006) Monthly premium = 21633/36 + taxes (55) + finance charge (4) = 660$   Have fun, Love Q7. Replies to this message: raymondw7 (May 02, 2008 5:03 pm) nachi (May 03, 2008 5:40 pm)
#662 of 817 Re: Audi Q7 Premium, Conv. Package, moonroof, 20'inch wheels, DVD Nav, Cold pkg [mayurjagtap] by raymondw7 May 02, 2008 (5:03 pm)
Replying to: mayurjagtap (May 01, 2008 5:46 pm) mayurjaqtap that sounds like a great deal, what state? if near NJ please provide dealership
#663 of 817 Re: Audi Q7 Premium, Conv. Package, moonroof, 20'inch wheels, DVD Nav, Cold by nachi May 03, 2008 (5:40 pm)
Replying to: mayurjagtap (May 01, 2008 5:46 pm) Deal sounds too good to be tru. Where did you get the car and what color. Definitely not black on black
#664 of 817 Q7 purchased in April by towsonnc May 05, 2008 (6:29 am)
purchased in april.   Q7 3.6 Premium w/Pano sunroof, 20" all season, Four zone climate, Conv package, and Nav. $2500 down total - $680/month. 36 months/12k. Lava Grey w/Black interior.   dealer was in PA but close to NJ and NY. email me - username yahoo if you need more specifics.
#665 of 817 Hi Car Man & everyone by chibar78 May 05, 2008 (1:43 pm)
i want to lease a Q7 which was on promotion till May, 02, 2008, i live in Orange County (California), does anyone know this promotion will extend or next couple of month will have the same deal again, since i won't be ready to lease unitl June, 08. here is the specs of the lease on the audi website, is that a good deal, since this is going to be my first time leasing a car, please advice, thank you so much   sam   down payment $1,999 no security deposit acquistion fee $575 first month's payment $559 amount due at lease inception: $3133 excluded taxes, title and dealer fees   36 Month lease 10,000 per year Replies to this message: Car_man (May 06, 2008 2:19 am) chibar78 (May 06, 2008 8:05 am) chibar78 (May 07, 2008 2:03 pm) and 17 more...
#667 of 817 Re: Thanks Car -Man [tleco] by Car_man HOST May 06, 2008 (1:34 am)
Replying to: tleco (Apr 18, 2008 5:04 am) You're very welcome, tleco. I don't think that what you said sounds stupid at all. Some people are interested in squeezing every last penny out of a deal and others just want a reasonable one.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#668 of 817 Re: what can be done with lease cash & conquest rebate ? [loggie] by Car_man HOST May 06, 2008 (1:38 am)
Replying to: loggie (Apr 18, 2008 12:39 pm) That's a very good question, loggie. I don't believe that I've ever heard of someone cashing out the incentives that are available on a leased vehicle in the form of a check. This reminds me of the old Lee Iacocca "Buy a car. Get a check." ads that started this whole slippery incentives slope that manufacturers find themselves on today. I would say that you probably would be able to do this, but I am not positive. If you find out, make sure to stop back and let us all know.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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