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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
816 messages, Last post on Nov 24, 2009 at 8:49 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I considering transferring the lease that I got (with help from the folks on here) in 9/07. I'm hoping that since I got a pretty good deal then, and Audi seems to have dropped lease support on the Q7, that the terms I have would be attractive to someone that wants a 2 year lease (17k/miles year available). Anyways, come to find out that transferring a lease through Audi does not get you off the hook, so if the person I transfer to defaults or otherwise screws over the lease, I would still be liable. I saw an article on lease default protection that is basically an insurance policy in case this happens, but besides Swap A Lease dot com, I can't find anyone selling it (maybe I'm googling the wrong terms). Unfortunately with Swap A Lease you need to input the information for yourself and the person taking over the lease and such a person doesn't exist yet - I just want to find out how much it costs before deciding to move forward with this. Anyone have any experience with this and could tell me where I could buy this insurance and about how much it costs? Thanks!
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Replying to: woolooloo (Oct 14, 2008 7:58 am) regards, kyfdx
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Replying to: bobplus (Oct 11, 2008 9:08 am) I have been offered the following deal: Q7 Premium Plus msrp 54,425 purchase 49,500 3.6 Premium plus pano sunroof bicolor wheels 36mo/10k mf .00066 Residual 49% 1250 out the door 682 or 735 includes tax Does anyone have any deals to compare? Thanks.
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Replying to: mrcr (Oct 22, 2008 12:06 pm) I ended up with this deal: 3 year/15K miles, 3000 down, 769/mon (include tax and audi care) The car is 58K, 3.6 L, prestigious option, plus sunroof and 20 wheel. |
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Replying to: kyfdx (Oct 14, 2008 8:00 am) The problem is that while the policy would help cover the costs if the person who picks up the lease defaults, it would not help my credit if they make late payments and my credit score gets dinged by the late payments. I'm not sure if I want to take that risk with the economy as it is where even a good intentioned person with great credit could find themselves in a position where they couldn't make the payments. They do offer another alternative. Basically, you find someone who wants to take the lease, they buy out the old lease, and re-lease it through one of their banking partners. That way the old lease is satisfied and I would no longer be on the hook. The problem there is the terms of the new lease are not that generous and I was told that basically the new person would have to take the vehicle with a 3 year lease that would be basically $900/mo, a heck of a lot worse than the $660/mo for 2 years that I was hoping to entice someone with. Plus it seems people could get that sort of deal right now on a new vehicle, so I don't think I want to spend the $500 they charge to advertise the vehicle for re-lease. I guess advantages of the re-lease are that you don't need a down payment and she said they would accept anyone with a credit score over 680 and I'm not sure what Audi's threshold is. Anyways, not sure what I'm going to do. I'd like to get out of the lease but it looks like I'm stuck with it.
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Replying to: woolooloo (Oct 22, 2008 3:11 pm) regards, kyfdx
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Replying to: kyfdx (Oct 23, 2008 6:48 am) BMW and Mercedes do release you from obligation if you re-lease. If someone would like to find out about other lease companies, they can check the link below - however obviously terms may change so make sure you check the lease documents you actually have to sign rather than rely solely on that link. I for one will not lease from Audi again or any other company that has this rule. Lease companies |
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Not going to post all the details but if your in the market for a Q7 I and your in the Chicagoland area I would seriously check out Continental. Here is a brief description of what I was offered. 2008 Q7 Premium MSRP 52,000.00 First and Plates Only - Drive Off $709.00 per month |
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Replying to: woolooloo (Oct 22, 2008 3:11 pm)
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Replying to: heiko (Nov 13, 2008 6:32 pm) That being said, there are quite a few things that drive me crazy with this car. First, I have had to take it into the shop at least 6 times since March for a recurring programming error with the ESP and Adapative headlights. The display will give me a ESP fault, followed by the Adaptive Headlight fault, and stay lit from 2 minutes to a few hours. It is now at the dealer AGAIN as I write this comment for the same problem. The dealer's service department are consulting with Audi in Germany because they cannot figure out the problem here. When coming to any slow stop, the brakes SCREECH loudly. This also occurs with every one of the loaner Q7s my dealer has provided. Audi needs to do something about its brakes. In addition, I had to replace the front brakes on my Q7 (at a cost of nearly $800) at ONLY 15K miles (my old Lexus LX would go 40K miles before needing brakes). There is a very irritating rattle with the 2nd row seats any time we hit a bump of any sort (Audi Service claims not to hear it). The parking brake release must be pulled at least 3 times before it releases (not fun when you have carpel tunnel in your left arm). Every few days, with no rhyme or reason, the display screen between the gauges goes completely blank. It will work the next time I start the car. The gas mileage on the 3.6 engine is only 14.5 running around town, but I have gotten a consistent 23 MPG on the highway cruising at 70MPH. At this point, I only have 20K miles on the car, and I can truly say I am glad I leased it. I will not be keeping it when the lease ends. IF you are going to get an Audi, my recommendations would be to lease the car (if you are willing to live with the annoying issues). With Audi's spotty reliability record, you may want to bail out of any unreliable car in a few years. Also, if you can wait, I would recommend getting the 3.0 Diesel engine to get better fuel mileage. If you are purchasing, I would recommend getting the Acura MDX, or Lexus RX (if you do not need the 3rd seat). Also, when I was looking 19 months ago, I was quite impressed with both the Buick Enclave and Mazda CX9. Judging from what I have read in Consumer Reports, I would go for a Mazda, Lexus, or Acura.
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