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Audi Q7, Car Leasing, Car Buying, SUV
#749 of 1080 Help with lease end discount?
Feb 07, 2009 (7:07 am)
Have a loaded 2007 3.6 Premium. 36-month Audi Financial Svcs lease ending Sept 2009. Sticker was around $57K. Lease included 45K miles, and I will probably be under mileage by 5K.
What kind of price might I be able to negotiate to buy it at end of lease?
Also had some significant mechanical issues early on (in the shop 30+ days), so they probably can't resell it as Certified Pre Owned, which may plan in my favor.
Trying to decide whether to start new car shopping or to buy the Q7 at end of lease.
#750 of 1080 Re: Lease Transfer [ody02tjk]
Mar 04, 2009 (8:30 am)
Sorry I missed the question directed at me, I haven't looked at the forum in a while. My thoughts: ody02tjk has a love/hate relationship with the Q7, I think I have a more like/hate. First off, the V6 is fine, I never feel like I need more power and although I don't tow, I do usually keep a lot of tools and equipment in the back. I'd say unless you are going to tow, you are wasting money on the V8, both in purchase price and in gas mileage.
There are a million little things that annoy me about this vehicle, from the inexcusably loud beep it makes if you are low on gas or windshield wiper fluid to having to walk around to the other side of the vehicle to refuel only to realize I forgot to hit the button to unlock the gas tank (on the BMW I had previously, the tank was automaticaly locked when the doors were locked - brilliant). As much as the mags rave about Audi build quality and aesthetics, I liked my BMW much better.
I'd get rid of this thing in a minute if I could, but Audi has terrible rules governing their leases and you basically cannot let someone take over the lease because you are still on the hook for the payments if the other person doesn't make them - who is willing to take that risk? Certainly not me. By the way, BMW and Mercedes do not have this rule and will let you sign the lease over to someone else cleanly. Just another reason I will never lease/purchase another Audi.
I tried to trade it in a couple days before New Years, at a time when that dealer really wanted to make a deal and sell a remaining '08 before the end of the month/quarter/year. But I was offered less than $30,000 for a 15 mo old Q7 with < 12,000 miles that had a sticker of $56k. My lease payoff was $40,000, so I was over $10k in the hole. As much as he wanted to make a deal, he couldn't budge on the trade-in price - these things have no value used! I listed it in the local paper for $38,000, willing to pay a few grand to get out of the lease, and never got a single phone call. So this is something of a warning to anyone looking to lease one of these things. Understand the implications - you will have this vehicle for 3 years whether you want it or not. The various websites that give used car values (including Edmunds) are WAYYYY off on the Q7, overestimating by thousands both the dealer trade in values and private party values. If you insist on having a Q7, you should definitely look at buying a used one since the resale values are so poor, just check EBay.
#751 of 1080 Re: Current Leases [jayrider]
Apr 13, 2009 (11:29 am)
Anyone have the numbers for April?
I guess the TDI numbers will also be different. I'm hoping it's a little bit better.
I visited an Audi dealer back in March and the lease for a Q7 was ridiculous. I love the car but may have to look at alternatives.
#752 of 1080 Re: Current Leases [lotusan]
Apr 21, 2009 (1:50 am)
Hello lotusan. Here's the information that you're looking for. Audi Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 3.0 TDI Premium with 15,000 miles per year are .00163 and 48%, respectively.
Prices Paid: Buying & Leasing Experiences Forum
#753 of 1080 Re: Lease Transfer [woolooloo]
Apr 22, 2009 (8:32 pm)
Can you share with us who is the dealer trying so hard to sell?
#754 of 1080 Looking to lease a Q7
Apr 24, 2009 (7:46 pm)
I'll be off an Audi A6 2006 lease in four weeks and only have 17,000 miles on it after three years The residual value of the A6 2006 is $26,500 so is it worth it to buy it or return it?
I'm also thinking of leasing a Q7 so what is the loyalty incentive, money factor and residual value of a premium package, 36 months and 10,000 miles per year should be for April?
Thanks in advance.
#756 of 1080 Re: Got the best deal!!! [yasgreenberg]
May 05, 2009 (7:54 pm)
What kind of deal did you get? Can you state the details?
May 07, 2009 (4:33 am)
Do you have the May lease numbers (money factor/resid) for the Q7? Specifically, a 2009 3.6 Premium 36 months/15K per year? Any other incentives on this vehicle that you are aware of?
#758 of 1080 Re: Looking to lease a Q7 [trabd123]
May 13, 2009 (2:27 am)
Greetings trabd123. In order to determine whether you should purchase your A6, nice car BTW, at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your vehicle's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
If your car's purchase option price is in line with or less than its current market value, which unfortunately is doubtful given the overinflated residual values that were available several years ago, you may want to buy it. If the price is too high, just walk away.
As far as the Q7 that you are considering leasing as a replacement goes, Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 Premium with 10,000 miles per year are .00015 and 45%, respectively.
Prices Paid: Buying & Leasing Experiences Forum