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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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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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so i am getting a premium plus with panormaic sun roof with zero drive off, 10k miles for $700, 12k miles for $720. i was sooooo shocked at this price... my first questions to them what like, dude did you steal these cars or what??? firstly, i don't think that i need confirmation from anyone that this is a cherry of a deal... but more importantly, is it something that i should consider since it is not from a dealership but from a lease broker... i mean, who knows what the reputation is of those guys and if i will get riped off or not... i mean, what about the vehicle warranty/condition/etc... any advice??? p.s. the company is www.mandvleasing.com
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Replying to: nabeelfarooqui (Aug 11, 2009 1:26 pm) The rate seems good -- no reason to expect problems. They advertise cars heavily on swapalease. |
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