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Audi Q7 Lease Questions

823 messages,  Last post on Dec 03, 2009 at 11:37 AM

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


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#688 of 823
Re: Looking for the current residual percentage [luvaudi19] by bamiller60610
May 30, 2008 (8:56 pm)
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Replying to: luvaudi19 (May 28, 2008 10:08 am)

Jerry, you appear to be the go-to man for Audi Q7 information! If the posts weren't 70-some pages long I might be able to find an answer to my question, but for the sake of time here I 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!
#689 of 823
Re: Looking for the current residual percentage [bamiller60610] by luvaudi19
May 31, 2008 (8:59 am)
Reply

Replying to: bamiller60610 (May 30, 2008 8:56 pm)

No problem, always happy to help. The problem with the S-Line package is that you take a 2pt residual hit. However, if you intend on purchasing after lease-end, this does not matter much to you.
 
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
#690 of 823
Re: Looking for the current residual percentage [luvaudi19] by bamiller60610
Jun 01, 2008 (10:05 am)
Reply

Replying to: luvaudi19 (May 31, 2008 8:59 am)

Thanks a ton, Jerry!
 
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.
#691 of 823
Re: Looking for the current residual percentage [bamiller60610] by luvaudi19
Jun 02, 2008 (5:20 pm)
Reply

Replying to: bamiller60610 (Jun 01, 2008 10:05 am)

Can't answer your tax question as I'm not familiar with the way tax works on a lease in your state. In CA, you pay sales tax on the monthly payment, so if you can register the car in the county with the lower tax rate legally, that would be the way to go.
 
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
#692 of 823
Re: Dealer cash? [lansa] by Car_man HOST
Jun 03, 2008 (2:59 am)
Reply

Replying to: lansa (May 06, 2008 3:57 pm)

Hi lansa. I don't believe that Audi is currently providing any dealer cash on the 2008 Q7.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#693 of 823
*Question on Q7 3.6/38 by sky61775
Jun 05, 2008 (3:25 pm)
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Dear all, I just went to the Audi Dealer, and got these quote for a Q7 3.6/Premium, with Navigation System, along with 21" S-Line package, can anyone tell me if the deal is a go or i should look for somewhere else, since i live in Los Angles area, can anyone tell me which dealer i should go and the name of the sales person.
Any help would be appreciated. Thanks in advance.
 
Vehicle MSRP $56525
Cash Sale Price $54500
Acq $575
Cap Reduction $624.44
ResFactor 48% (since 2 pts for S-Line)
Residual $27132
State DMV Fee $447
TTL Cap Cost $55075
TTL CC REduct $624.44
ADJ Cap Cost $54450.56
Customer Cash $2000
Drive Off $2000
Mthly Base $763.74
Mthly Tax $59.19
Mthly Paymt $822.93
Term 36 Rate .00006
10k/yr
#694 of 823
Audi New Lease Specials by perosticks
Jun 05, 2008 (5:35 pm)
Reply

Replying to: sky61775 (Jun 05, 2008 3:25 pm)

Dear All, I've just recently joined this forum and need some help. I would like to lease a 2008 Q7. I noticed a few days ago that Audi has a new lease special for the summer in my market area - 2008 Q7 3.6 Premium with Convenience Package ($51,075 MSRP)at $499/month for 36 months with the following terms:
Down Payment: $2,699
Refundable Sec. Deposit: $0
Acquisition fee: capitalised ($575)
1st month's payment: $499
Purchase Option at end $21,537
10,000 miles/year ($0.25/mile over)
Disposition fee $350
 
These numbers sound too good to be true. Has anyone taken advantage of this offer? If so what's the catch and what should I watch out for? I know for one that it does not include dealer contribution and other dealer fees. How much should these typically be? I plan to lease next week.
#695 of 823
Re: Audi New Lease Specials [perosticks] by Car_man HOST
Jun 20, 2008 (1:48 am)
Reply

Replying to: perosticks (Jun 05, 2008 5:35 pm)

Welcome perosticks. Manufacturers' official advertised lease payments are definitely not too good to be true. On the contrary, savvy consumers who shop around in areas that have a decent level of competition are usually able to beat automakers advertised payments. Negotiate as low a selling price as possible on the new Q7 that you want. Chances are you will be able to beat this deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#696 of 823
by cofla99
Jun 28, 2008 (2:38 pm)
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Hi guys, my VW trouareg lease expires on july 7 and I am planning to upgrade to a Q7 premium tomorrow (end of the month).
Their summer special is 649 a month 0 down which i like a lot but the truck is missing nav, so I added a couple of packages, can you help me figure out whats the best deal I can aim for at the dealership.
 
This are the specs:
2008 Audi Q7
3.6 Premium quattro 4dr SUV AWD (3.6L 6cyl 6A)
Base price
MSRP $48,350
Invoice $44,965
     
 XTB Technology Package
 MSRP $4,300
 Invoice $4,001
     
 PPX Convenience Package
 MSRP $1,950
Invoice $1,813
   
 3FU Panorama Sunroof
 MSRP $1,850
 Invoice $1,721
 
 Total Optional Equipment
 MSRP $8,100
 Invoice $7,535
 
Destination Charge
 $775
 
Total with Options
 MSRP $57,225
 Invoice $53,275
#697 of 823
Re: [cofla99] by rdxer
Jun 29, 2008 (7:25 am)
Reply

Replying to: cofla99 (Jun 28, 2008 2:38 pm)

Howdy -- I'm iin the same boat. My Treg lease exires late July. Been going back and forth with my local Audi dealer. On a Premium with Convenience Package, Panorama and Nav (MSRP at $54,725). I've got him at about invoice $51,400). With $3000 out of pocket (this includes 3% sales tax which we pay all upfront in my state), I'm at $699/month 36 months and 10K miles per year. I'm gonna role the dice and hope the incentives get better in July (Audi Q7 sales have totally sucked this month -- so I've been told). I'm hoping they bring back the dealer cash they had this spring.
 
Good luck and please post any info/results you get.

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