is this a good price???
12-08-2006, 10:14 AM
#1
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is this a good price???
just got off the phone with the dealer. here is the vehicle:
2007 Q7 3.6 Premium
Convenience
Infotainment
Panorama Roof
3rd Row Seating
Rear Airbags
20" Rims
Phantom Black over Regular Black Leather
MSRP: $54,310 negotiated price of $51,111 which amounts to $500 over invoice. Lease with $0 down, 36 months, 10k mi/yr for $674/mo.
Hit or skip?
2007 Q7 3.6 Premium
Convenience
Infotainment
Panorama Roof
3rd Row Seating
Rear Airbags
20" Rims
Phantom Black over Regular Black Leather
MSRP: $54,310 negotiated price of $51,111 which amounts to $500 over invoice. Lease with $0 down, 36 months, 10k mi/yr for $674/mo.
Hit or skip?
12-08-2006, 11:09 AM
#5
The sale price is good, what is the money factor and residual?
You need to know these figures to determine if these is a good lease deal. The based money factor rate is currently .00113 and I think the residual is 59%, but I need to confirm. The residual value is fixed (dealer can't change), but they often mark-up the money factor rate as a way to increase their profit on the deal.
12-08-2006, 11:28 AM
#6
using that money factor and residual = $623.63 + tax
You will have to pay a security deposit equal to the monthly payment to get the .00113 money factor rate, otherwise the rate goes up to approx. .00170, which seems to be the rate they used to get the $674 payment.
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12-12-2006, 07:00 AM
#8
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NC lease on 3.6P currently:
$549/mo 36 mos, 12K mi/yr, 51K purchase price with $4,400 down(29K residual). Add $30 per 1K additional on lease ammount... so add $120 to the $549= $669/mo. About right.
I'd pay the $15 extra/mo and get the higher mileage limitation for me but...
I'd pay the $15 extra/mo and get the higher mileage limitation for me but...
12-12-2006, 08:36 AM
#9
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i actually just finalized the deal...
the same vehicle, but i got him down to $660 a month for 36 months, zero down, 10k miles a year. it is my second car so i am not worried about the mileage. anothe dealer told me they couldn't compete with that price and said i should grab it quick because it almost sounds too good to be true. coming from a competing dealer, i feel i am getting the best deal possible.