176 messages,
Last post on May 06, 2013 at 4:42 PM
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Audi A7, Car Buying, Car Leasing, Sedan, Wagon
Dec 02, 2012 (2:25 am)
Hi Car_man ,
To start off, im 23 years old, with horrible credit, and understand a lease in this situation is not smart to 99.9% of the world. BUT, thats why everyone is different, and am choosing to make personal decisions. I do not qualify for the top tier credit, and will be putting down $13k on a lease. (once again, I understand the feelings from everyone on how stupid it is). I was looking for a 36 month lease, 15k miles a year. What is the money factor/residual I will be looking at?
#130 of 176 2013 S7 Lease in So Cal
by archie2010
Dec 03, 2012 (11:13 am)
First of all, I really want to thank you guys for the help you have provided over the years with buying and leasing several cars. I am now looking to lease a fully loaded 2013 S7 with MSRP of around 95k in Southern California. I hope to close before the end of the year to take advcantage of the deals and incentives.
Lease Details: 15k/year, 42 months
Can you please provide the moneyfactor and residual?
Thank you again for your help.
#131 of 176 Re: Audi A7 Leasing Question [graycar1]
by Car_man HOST
Dec 05, 2012 (5:19 pm)
Hello Graycar1. Audi Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 A7 Prestige with 10,000 miles per year are .00141 and 54% for consumers who qualify for its top credit tier.
The numbers for otherwise identical 42- and 48-month leases are .00161 / 50% and .00184 / 47%.
The only cash incentive that I am aware of on this car right now is $1,500 owner loyalty cash.
Car_man
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#132 of 176 Re: A7 Lease [j1j3b7]
by Car_man HOST
Dec 05, 2012 (5:28 pm)
Hi j1j3b7. I realize that you already mentioned this, but it bears repeating that it's definitely a bad idea to make such a large down payment on a lease and you would be much better off getting a less expensive vehicle until you get your credit issues resolved.
Having said that, it is difficult for me to say what sort of money factor you would be looking at without knowing what your credit score is like. Audi Financial Services' buy rate lease money factor for a lease of a 2013 A7 is .00141 for consumers who qualify for its top aka "A" credit tier. The last time I checked (and it's likely still the same, but I cannot guarantee it) its rates for higher tiers were as follows: Lease Rates above reflect A Tiers up to 42 months. B Tier = A Tier + .0004, C Tier = A Tier +.00065, D Tier = A Tier + .00075.
If your credit is in really bad shape, it is possible that you would not qualify for the "D" tier and could not lease through AFS. Again, it's difficult for me to say for certain without knowing more specifics.
Car_man
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#133 of 176 Re: 2013 S7 Lease in So Cal [archie2010]
by Car_man HOST
Dec 05, 2012 (5:30 pm)
Wow, nice car archie2010. Here's the information that you're looking for. Audi Financial Services' current buy rate lease money factor and residual value for a 42-month lease of a 2013 S7 with 15,000 miles per year are .00141 and 54% for consumers who qualify for its top credit tier.
Car_man
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#134 of 176 Re: 2013 S7 Lease in So Cal [Car_man]
by alexgr
Dec 08, 2012 (5:14 pm)
Wow Car_Man is that right? The S7 has the same residual and money factor for 42 months as it has for 36 months (assuming nothing changed since the Nov rates)? That could make for an attractive lease. Could you confirm?
Dec 14, 2012 (10:17 am)
There were no discussions for the S7 so I have posted here.
What should I expect on the lease of a new 2013 S7 with 15K/year for 24 months?
1. Discount from MSRP
2. Residual
3. Money Factor
4. Acquisition Fee
5. Any other information you would deem important
Thank you
Dec 21, 2012 (7:22 am)
Hi Car_Man
Can you provide the money factor and residuals for a 24 month lease of a 2013 S7 with 15,000/year?
Thank you
#137 of 176 Re: 2013 S7 Lease in So Cal [alexgr]
by Car_man HOST
Dec 24, 2012 (7:07 am)
Good catch, alexgr. I'm so used to providing consumers the 36-month numbers that I posted that residual by mistake. Sorry about the confusion. The 42-month residual value is 50%.
Car_man
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#138 of 176 Re: 2013 S7 Lease [sevenaway]
by Car_man HOST
Dec 24, 2012 (7:10 am)
Greetings sevenaway. Audi Financial Services' December buy rate lease money factor and residual value for a 24-month lease of a 2013 S7 with 15,000 miles per year are .00141 and 61% for consumers who qualify for its top credit tier.
AFS' base acquisition fee is $695.
I am not intimately familiar with what the S7 is like right now, but I can run some payments on the exact one that you are interested in for you if you provide me with its MSRP and dealer invoice price. You can find that data over in the New Vehicle Pricing section of Edmunds.com.
Car_man
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