Last post on Dec 13, 2013 at 10:05 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi Q7, Car Leasing, Car Buying, SUV
#894 of 1081 Re: Money factor [whichluxurycar]
Oct 25, 2010 (7:08 am)
Wow Audi is getting expensive.
in 2007 there was only 1 Audi Q7 within 3 miles radius form my house. 2008 there are at least 20. We used to park 10 black Q7 back to back to pick up our kids.
I had great incentive back then $5000 off Money factor $.00006 for 3 yrs including Audi care - Monthly payment $635 for Q7 Premium (15K year)
It is a great car. I have no problems but I traded it in for a Escalae in Feb of 2009. I have 14 months on the lease. The car has 19K on it.
There are a many 2007 with 45K or more advertised for $30-39K at the time (Dallas area). Mine was a few 2008 for sales (as 2007s are coming off the lease).
I was asking for $32K as that is how much I owed on the lease (buy off $26000 at the end of the lease 50% residual)
I didnt get even 1 call from the ad for 3 weeks. I ended up trading in for $30K for my Escalade. For some mysterious reasons - Most of the Audi are gone and they are driving Lexus and Mercedes SUV now.
my point is the reason I tried the Q7 because it was so cheap at the time. I've leased and owned more than 25 merces, BMW, Porsche and never considred an Audi if not for the price. Once I drove the Audi, I liked the car but it would be $150-200 more for the same car.
I changed to the Escalade because I want more room. I have no problems with the Audi especially I have Audi care and full coverage.
The point is I do not think Audi can retain 50% or more. So if the lease can offer 50+ residual then it is a good deal.
And I am still wondering why most people changed their Audi so quick.
#895 of 1081 Re: Money factor [whichluxurycar]
Oct 29, 2010 (7:45 am)
Hi whichluxurycar. Audi dealers usually run deals through Audi Financial Services. It's possible that US Bank has a competitive lease program on the Q7 right now, but I haven't seen it.
AFS' October buy rate lease money factor and residual value for a 36 month lease of a 2011 Q7 Premium TDI with 12,000 miles per year are .00197 and 58%, respectively.
The numbers for an otherwise identical 48 month lease are .00217 and 51%.
Prices Paid: Buying & Leasing Experiences Forum
#896 of 1081 Please help with lease - 2011 Audi Q7 3.0 TFSIŽ Premium Plus
Nov 01, 2010 (4:09 am)
Hi there Car_Man and other Guru's!
Could I please ask for your help?
I never leased before and thus started reading up a lot to get up to speed. Basically I'm looking to lease a brand new 2011 Audi Q7 3.0 TFSIŽ Premium Plus w/ 20" wheels. Now as for everything I understand that the most important thing is the selling price. Fortunately for me that is already done. So I have the Audi supplier discount and managed to get rid of the doc fees and thus the selling price before tax and title is $50977.
-1st question: is that a good price? I hope so...
-2nd looking to lease this for 36 months and at least 12k miles. What are the money factor and residual values numbers for November (or whatever you have, looks like if I make this one will be actually December but just to have a good idea)
-what is the final monthly payment for me I should look to get?
-what other hidden fees should look for, i.e bank aquis??
-Is this even worth buying it? You mention the Audi don't retain the value? Never had one but in the past I heard horror stories about Audi's. My 04 4runner is still worth 15k these days.
Thanks so much,
#897 of 1081 Re: Please help with lease - 2011 Audi Q7 3.0 TFSIŽ Premium Plus [alessiocesar]
Nov 01, 2010 (6:10 pm)
Not much help here, hopefully it will come soon...
#898 of 1081 Q7 end of Lease Inspection experience
Nov 02, 2010 (10:58 am)
My Q7 lease ends in a month and I just got my car inspected. I wanted to write to let others know of my experience. I called SGS to schedule an appointment and got an appointment for the next day. The inspector came promptly and took about 20 minutes to inspect the car. He paid attention to the tires and wheels. All four of my wheels were scratched a bit and he told me that while this would be considered excessive wear and tear in the past, it was now allowed because a lot of owners had complained. My tires had enough tread as I had recently changed them. The inspector took pictures of the inside instrument panel, the center console, the wheels, the spare wheel and the front and back of the car. Overall a very pleasant experience.
#899 of 1081 End of Lease Dilemma
Nov 02, 2010 (3:49 pm)
I have a 2008 Audi Q7 reaching its end of lease in December
Here are the Stats
Residual : 30K
Miles Drives : 22K (lease term was 10K per year)
Price Quote by Dealer for Extending AudiCare for 2 years : 995+2500 for getting car certified
1) Is the Residual usually negotiable at this state ?
2) Is it worth spending $3500 more on Audi Care + Certification ?
I plan to use this car for 2-3 more years and will probably end up driving 20K miles
#900 of 1081 Re: Please help with lease - 2011 Audi Q7 3.0 TFSIŽ Premium Plus [alessiocesar]
Nov 04, 2010 (5:11 pm)
Hi alessiocesar. Manufacturers' supplier purchase prices are usually fairly attractive. You can always double check to see how good a deal this price is by comparing this price to this car's dealer invoice price. That data is available over in the New Vehicle Pricing section of Edmunds.com. Anything anywhere near dealer invoice would be considered a good deal.
Audi Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2011 Q7 Premium Plus with 12,000 miles per year are .00189 and 52%, respectively.
I need this truck's MSRP to work up a payment for you. It would be available in the pricing section that I just provided you with a link to.
Audi Financial Services charges a $695 acquisition fee on every vehicle that it leases.
The quality of Audi products has improved significantly since it earned its reputation for poor reliability.
Prices Paid: Buying & Leasing Experiences Forum
#901 of 1081 New to leasing - AFS vs 3rd party leasing group
Dec 07, 2010 (9:20 pm)
I appreciate all the great insight I have been able to gather here from the gurus and others. Like AC, I am new to leasing and just learning some of the things to watch out for one negotiating the final terms of the lease. My question to car_man and some of the other experts is: what are some of the advantages or disadvantages of AFS vs a 3rd party leasing groups (and vice versa)?
I qualify for Zagg pricing through USAA, which depending on model and dealership is about $500 above invoice. I have noticed in speaking with one dealership that their quoted money factor was significantly higher than that of another, and the payment terms came out to be roughly equivalent to a 3rd dealership that does not participate in Zagg pricing at all (higher sticker of $1500). MSRP for 2011 Premium Plus as configured is $57275 ($54806 after Zagg discount)
A 3rd party leasing group seems to offer more competitive rates than AFS at this time, but I am not sure if there is something I am overlooking due to my ignorance. Is there something I should be wary of with a 3rd party? And does AFS historically get more aggressive with their lease rates as time progresses during the model year?
Thank you very much in advance.
#902 of 1081 Current Q7 lease rates
Dec 12, 2010 (10:32 pm)
Can you please post the current 36 months, 10K miles/year lease rates for 2011 Q7 Premium 3.0TFSI and 3.0TDI.
Thanks for your help.