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Prices Paid: Buying & Leasing Experiences Audi Q7 Lease Questions
813 messages, Last post on Nov 11, 2009 at 6:11 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: gt97 (May 18, 2009 8:23 am) |
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Replying to: trabd123 (May 18, 2009 8:02 am) The car we are replacing is a BMW X5, so will Audi let us combine the Loyalty and the Conquest rebates for a total of $2,500?
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Car_Man, do you know what the current MF, Residual (12K/yr) for the Q7 3.0 and 3.6 for a 3 year lease. Is a 48 month lease available, and if so is it worth it to lease for 4 years. Is the $1,000 conquest still available for new customers. Thank you.
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