Last post on Dec 05, 2013 at 3:34 PM
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Audi Q7, Car Leasing, Car Buying, SUV
#708 of 1080 July Lease rates Q7
Jul 10, 2008 (5:52 am)
Currently nearing the end of the Land Rover LR3 lease and have decided that the Audi Q7 will work well for me. Talked to the dealer and got the following offer on a 24mth/15k lease:
MSRP = $46,175
Sales Price = $43,900
Initial Payment = $3,000 towards first payment, etc.
Residual = 58%
Rate = .00036
Payments worked out a $766.21 which worked for me BUT here comes the kicker....they said that this was based on lease rates before July 7! Evidently since I don't need the vehicle until the end of July these lease rates cannot be applied. The dealer said they would contact the Regional Manager to get more info on future lease rates but they called me back and said they could not get those rates for leases during the last 3 weeks of July. According to them Audi has NO lease deals for the last 3 weeks and they don't anticipate getting any more deals until August when they will start selling 2009 models. Does this seem kosher? Should I try another local Audi dealer. My problem is that the money factors for 24mth leases seem to be really bad this year and Audi was one of the few that had a decent offer. Land Rover didn't have anything due to their purchase by Tata and BMW, MB, etc. have HORRIBLE rates for 24mth leases. Yes...I know I should look at other terms but my company allows me to get a new lease every two years so why should I agree to a longer term? Max payment can be $800 per month.
#709 of 1080 Re: July Lease rates Q7 [christianj]
Jul 10, 2008 (6:16 am)
This sounds legit -- I was told the same thing (before leasing an X5). They want to sell, not lease Q7s. My guess is due to the declining SUV resale market they don't want to be stuck with overpriced vehicles down the road.
#710 of 1080 Re: July Lease rates Q7 [rdxer]
Jul 10, 2008 (6:19 am)
meant to add...
my understanding is that there is a large ($5K amount, I've heard) of dealer cash available on sales, not leases. Maybe you want to look at third-party leasing companies (try leasecompare*com) who would buy the car (so you can take advantage of the dealer cash) and then lease it back to you. Not sure if this makes sense, but you can look online to check it out.
#711 of 1080 Re: July Lease rates Q7 [christianj]
Jul 10, 2008 (6:25 am)
Residual value - for 24 months is 58%? I had mine with 36 months 15k at 59% and 50% with Audi care.
Money factor was .00006
Things changed but one thing for sure ...you should get more discount on the car. AT least $5000 Off
Jul 21, 2008 (1:15 am)
Hello kp22. Audi's lease program for the Q7 varies by term, mileage, and trim level. You never mentioned what any of these variables are, so for now I will assume that you are interested in a 36 month lease of a 2008 Q7 3.6 non-Premium with 15,000 miles per year. Let me know if you want something different. Audi Financial Services' buy rate lease money factor and residual value for the aforementioned variables are currently .00297 and 45%, respectively. As you can see, Audi is no longer providing lease support on the Q7. It replaced its special lease program on it with dealer cash, specifically $5,000 on the 3.6 and $6,000 on the 4.2.
Prices Paid: Buying & Leasing Experiences Forum
#713 of 1080 Re: July Lease rates Q7
Jul 26, 2008 (9:17 am)
After reading everyone else's deals (thanks for posting!!) I went into my local dealer in northern California and got the following lease on my Q7 3.6 premium:
MSRP = $58,825
$0 down payment
Monthly: $768 ex tax / $832 inc tax
For that price, I also got an extra $1500 worth of extras included - first car payment $830, full maintenance plan (it will cost me nothing to service for the life of the lease), and 2 full tanks of gas.
What do you think - did I get a good deal?
#714 of 1080 Re: July Lease rates Q7 [mewantee]
Jul 30, 2008 (3:18 am)
I'm hunting for a Q7 now...
I'd love to know what dealer you went to? ...and when?
What was your residual at lease end?
Bay Area dealer I saw last night offered up a ridiculous lease on a loaded Q7 3.6:
Cap Cost $54661
Lease Rate Factor .00350
Monthly Payments $1144
Drive Off $2283 (includes 1st payment, tax, 1st year fees & "other" upfront..)
Also, anyone have an ear to the ground the 3.0 TDI?
#715 of 1080 Re: Looking for the current residual percentage [luvaudi19]
Jul 30, 2008 (6:50 pm)
I really appreciate all your input for the Audi Q7 leases. How are the August lease programs going to be designed with the 2009 Models coming out. Is the money factor going to be any better?
#716 of 1080 is this better than the summer event?
Jul 30, 2008 (6:55 pm)
Hi guys as you can see I am still in the market for a q7 premium, conv pack and nav.
Do you think current lease deals are better than the summer event? should I act now or wait for august deals.
Jul 31, 2008 (9:13 am)
I have a good friend who works for audi who says there will be no deals on the 08 q7's that can touch the June deals until the lots are stocked with 09's. They are short on inventory of 08's due to a delay in delivery of the 09s.