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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
809 messages, Last post on Oct 19, 2009 at 2:09 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hello, 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.
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Hi, What kind of deal did you get? Can you state the details? Thanks. |
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Car man, 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? Thanks!
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Replying to: trabd123 (Apr 24, 2009 7:46 pm) 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. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: frommx5tomz3 (May 07, 2009 4:33 am) Audi is currently providing a $1,500 loyalty or $1,000 conquest incentive on leases of the '09 Q7. In addition to that, it is waiving the first month's payment on leases of this truck right now. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (May 13, 2009 2:27 am) Thanks very much for your reply. I already spoke to the bank and the dealer and since the mileage on the car is only 17k, nobody wants to negotiate. The residual value for my car is 26,5k but the purchase price on the Used Vehicle pricing site is around 26,3k (dealer retail) and 24,6k (private party). I guess both prices are almost inline with the car residual value but I'm just afraid that a year from now, major issues with the car could come up that will make regret buying it. Audi A6 is a great car but I'm a 6'2" man so the in and out of the car operation was such a pain so I was avoid using it most of the time and use my wife's car instead. The Q7 new purchase offer sounds attractive. 3k loyalty incentive, first two month payments, 4.9% finance for 60 months and around 3k below MSRP. Regards.
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Here is what we are considering. Please let me know your feedback on whether this is a good deal or not. It seems pretty aggressive. 2009 Q7 3.6 with Premium Plus Package and Panoramic Sunroof MSRP = 52,825 Invoice = 49,642 Sales Price = 48,825 In addition, Deal is putting in $1500 of loyalty cash-back as cap cost reduction Lease 36 months w/ 10K miles / year Audi Maintenance Pkg included Money Factor = .00015 Residual = 45% First payment paid by Audi Financial And, dealer is paying the last two lease payments on current car ($1200 total) No out-of-pocket money for down payments, etc. Monthly payment = $725 per month including local taxes |
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Replying to: gt97 (May 18, 2009 7:27 am) The money factor is 0.0015 and not 0.00015 and it should make a big difference in the monthly payment. Here's what I found based on your numbers: MSRP = 52,825 Selling price = 48,825 Loyalty Incentive = 1,500 Residual Value = (52,825 * 45%) = 23,771.25 Leased portion = (47,325 - 23,771.25) = 23,553.75 /36 = 654.27 Money factor = (47,325 + 23,771.25) * 0.0015 (not 0.00015) = 106.65 Total monthly payment = $760.92 Taxes = ??? So I'm not sure why your payment is only $725 a month including taxes? |
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Replying to: trabd123 (May 18, 2009 8:02 am)
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