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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: danf1222 (Jun 06, 2009 5:13 am) The numbers for an otherwise identical lease of a 2009 Q7 3.6 Premium are .00015 and 42%. Audi is not currently providing support on 48 month leases, so you definitely do not want to lease either of these trucks for that long. Yes, the $1,000 conquest cash is still available on leases of both of these trucks. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Went to Pacific Audi today and tried to lease a Q7 Premium plus on a 33 month basis with: Panoramic roof, 20 inch wheels, hot weather package. Went back and forth and he finally asked me what it would take to make me want to close the deal. Originally, his best offer was $6000 first payment and 690 plus tax on monthly, then I told him $4000 first payment and 690 plus tax and then I remembered that Audi should pick up the first payment so I told him $3300 first payment and then $690 plus tax on monthly. He asked me for my information and did a credit check without letting me know if his manager had approved the numbers and then came back to me and told me that although my credit score was very high, but there isn't a lot, (I'm not sure what that means) so my lease may not get approved. I told him to send it through anyway and he mentioned that he will have an answer to me by tomorrow afternoon. Is this the normal procedure or is this some trick? And how is the deal? i asked him for residual value and money factor but he says that it would make more sense to work it back because working it the regular way may not come up with the down and monthly requirement that I want. Thanks for any help
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Replying to: eetjw (Jun 14, 2009 8:17 pm) |
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First Post. Great Forum. Helped me a lot on my new Q7. Here is the Deal I just got. 2009 Q7Premier Plus 20” Wheels Sunroof MSRP: $54.5K Loyalty: $1,500 Sale Price: 52.9K (Before Loyalty) Tax: $0.00 (Dealer Said they had Tax Credits they could use against) Residual: 45% (Originally 42% but add 1 Point for Maintenance, 2 for 10K miles) Money Factor: .00015 Down Payment: $143.00 (Title and License fee) Audi Paid: 1st Month Dealer Paid: Remaining 2 months remaining on our RX350 Lease ($1197.24) My lease payments are $754.20 for 36months and 10k miles per year. I think I got a good deal, according to this forum. Love The Car. Would love to hear your thoughts. (Greater Chicago Area)
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Car_man, would you please post the latest MF and Residual for 2009 Q7 Premium 3.6 10k/year 36-month lease? Thanks in advance. Also, it sounds like the residual value of the same car has dropped 7-10% from early 2008 with similar MF. I am wondering what Audi's strategy is. Do you see their lease program fully compensated by no payment drive-off and special lease supports? Or the car's residual value has really fallen off the cliff to low/mid 40s while the X5 is staying on the high 50s?
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| My Q7 was rear ended. Small dent near the license plate. The other driver agreed to pay. I got 2 written estimates ($800 and $850), and the guy sent me a check for the higher. My lease is up in Sept. Should I have the repair now, or just turn the car in with the dent? I guess the question is, do you think Audi Financial will charge me more than $850 for the damage? | |
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Replying to: shapiro23 (Jul 05, 2009 3:42 pm) If you haven't already, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: fastandfaster (Jul 05, 2009 9:46 pm) Over the past several years manufacturers have been consistently overestimating vehicles' residual values. The chinks in the armor started to show when gas prices exploded last summer and the value of used SUVs fell off of a cliff. The low resale value disease spread to cars as the economy worsened. Now the vehicles that are coming back off lease are worth much less than banks were estimating that they would be worth several years ago, causing them to take millions of dollars in losses. As a result, most banks have become much more conservative in estimating vehicles' residual values for leases. It's not fair to compare any bank's residual values to BMW's. BMW Financial Services consistently, intentionally overestimates vehicles' residuals as a form of lease support to help its parent company sell more vehicles. Its residuals are not realistic. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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What is the residual value on a new 2009 Q7 36 month lease with 12000 miles per year. Tks.
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I am able to get a Q7, premium package, 36 months, 12K miles per month, taxs due at signing (approx. $3800) - for $766/month. This is through a sales and leasing company and not through the audi dealership (although all warranties still apply) Is this a good value?
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