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Audi Q7 Lease Questions

1039 messages,  Last post on Apr 21, 2013 at 2:27 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Audi Q7, Car Leasing, Car Buying, SUV

Messages Page 79 of 105

#774 of 1039 New Q7 Lease by shapiro23

Jul 05, 2009 (4:42 pm)

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)

#775 of 1039 Q7 lease after Summer event by fastandfaster

Jul 05, 2009 (10:46 pm)

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?

#776 of 1039 Dent by rbirns1

Jul 10, 2009 (8:46 am)

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?

#777 of 1039 Re: New Q7 Lease [shapiro23] by Car_man HOST

Jul 13, 2009 (3:28 am)

Replying to: shapiro23 (Jul 05, 2009 4:42 pm)
Welcome shapiro23. I'm glad that you found this forum so helpful. Thanks for taking the time to give back and share the details of your recent lease with everyone. As you know, real world examples like this are always helpful for people who are in the market for similar vehicles.
 
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

#778 of 1039 Re: Q7 lease after Summer event [fastandfaster] by Car_man HOST

Jul 13, 2009 (3:34 am)

Replying to: fastandfaster (Jul 05, 2009 10:46 pm)
Hello fastandfaster. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Q7 3.6 Premium with 10,000 miles per year are .00057 and 45%, respectively.
 
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

#779 of 1039 Residual value 09 Q7 36/12 by marcel4

Jul 13, 2009 (2:00 pm)

What is the residual value on a new 2009 Q7 36 month lease with 12000 miles per year.
 
Tks.

#780 of 1039 Is this lease worth it? by dmk42

Aug 07, 2009 (7:24 pm)

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?

#781 of 1039 what's the deal with these lease brokers??? by nabeelfarooqui

Aug 11, 2009 (2:26 pm)

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

#783 of 1039 Re: what's the deal with these lease brokers??? [nabeelfarooqui] by jayrider

Aug 16, 2009 (11:23 am)

Replying to: nabeelfarooqui (Aug 11, 2009 2:26 pm)
Please post your experience with them after you get the car home -- all fees paid.
The rate seems good -- no reason to expect problems. They advertise cars heavily on swapalease.

Messages Page 79 of 105

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