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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
819 messages, Last post on Dec 02, 2009 at 3:25 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: 2001a6 (May 24, 2008 6:41 pm) I generally have to say at this point though with subvented money factors on 2008 models (.00006) vs money factor on 2007 models (.00170-.00350 depending on which bank), the odds are that the 2008 model will lease much better. There are a lot of variables in leasing previous model year cars and used cars. Not many people know how to do it (including 95% of sales managers and finance managers at car dealerships from personal experience). Usually the residual is a numerical value that one has to figure out and add/subtract for miles/options/etc. If you want to post the exact miles and options on the car, I can run some numbers on the 2007 demo when I get back to the office Tuesday for you. -Jerry
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Replying to: luvaudi19 (May 25, 2008 8:41 pm) The car is a 2007 4.2 Premium * Leather Interior * Moonroof * Navigation System * Premium Stereo * Roof Rack * Side Air Bag * Towing Package Vin#: WA1BV74L47D063252 It has just under 6,000 miles on it.
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Replying to: 2001a6 (May 26, 2008 5:55 pm) Rate: .00190- .00200 Bank Fee: $695 at tier (1) Residal for 36/15K: 23675 (add 2% to this number for 12K) Hope this is enough to get you started. But a very quick calculation shows a payment of low $900s + tax with no cap reduction assuming a sale price of $51.5K. -Jerry
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Replying to: luvaudi19 (May 28, 2008 10:08 am) |
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Replying to: emonstr (May 19, 2008 12:29 pm) I just bought the exact same car this weekend (5/26/08) with the MSRP of $48,775 ($750 for the paint color) and got this deal. 36 months/10K year $900 out of pocket (includes $689 dealer fee and all taxes) $567 month + tax Used Audi Summer Event as a baseline, so they paid first month's payment as well. |
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Replying to: luvaudi19 (May 28, 2008 10:08 am) We were intending to just purchase a Q7 this summer, but times have changed and a baby and new house are now on the way. We're looking to lease now....we want a 2008 Q7 3.6 Premium, S-Line with the 20" rims (WQB), moonroof (3FU), convenience (PPX) and technology packages (XTA) - MSRP: $60,175, Actual Price:$56,800. We will most likely being purchasing it at the end of the lease. What kind of monthly should I expect on that kind of lease? Also, what kind of purchase price am I looking at when it's done? Are extended warranty plans available to vehicles coming off lease? Thanks in advance for any help!
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Replying to: bamiller60610 (May 30, 2008 8:56 pm) Not knowing what your tax rate is nor your DMV fees, a quick calculation under Cali taxes shows a payment of low-to mid $800s (pre-salestax) based on $0 drive-off (Summer of Audi program) and 15k miles per year. For your own calculations: Rate: .00006 Residual for 15K (3.6 Premium with S-Line) 45% Bank fee: $575 In terms of end-of lease buyout and extended warranties, my best advice (and this may not hold true in the future) is get it CPOed. To do this is very easy though most dealers don't have a lot of experience with it. Basically, the dealer buys it from AFS when you return the car, runs it through the CPO process, and sells it back to you. Basically, you pay residual (or less based on the market pricing when these cars come off lease), a couple of shop hours, and the actual CPO costs, plus taxes and tags (as applicable in your county/state). Most extended warranties are a pain-in-the-butt to deal with from the dealership level and rather expensive. The CPO process should be around $2K plus the costs of the reconditioning necessary, so it should be less expensive. Hope this answers most of your questions -Jerry
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Replying to: luvaudi19 (May 31, 2008 8:59 am) We have the option of Cook or DuPage county in Illinois for registering the car. Is one location better for registering under a lease? I thought I heard somewhere that there was a benefit to leasing in the city; conversely, a purchase is more beneficial in DuPage because of the lower sales taxes. And, finally, last question - is there any way in that scenario to put something down at Lease Inception to lower the monthly payment? Not prepaying, but instead paying the fees, etc (altering the Summer Event a bit)? Thanks again.
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Replying to: bamiller60610 (Jun 01, 2008 10:05 am) In terms of the putting money down to lower the payment, that's at your discretion, but when you get to borrow money at .00006 money factor, you're not paying anything in terms of profit for the bank. Also, the higher the payment, the higher the "rebate" from Audi under the Summer of Audi event. I would personally put as little down as possible (heck maybe even roll in the start-up fees if possible), and take the slightly higher payment. You're realistically going to be spending roughly the same amount of money in the long run. -Jerry |
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Replying to: lansa (May 06, 2008 3:57 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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