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Been a member since 2014 and lurking around. My lease on the 2015 TDI is up and I'm looking to enter into the '17 model.
Few questions:
1) The dealer mentioned they would have to buyback from VW after I return it to them. Out of a total of 45k miles signed up I originally I've put on only 22300 miles in the last three years. Is there anything I need to discuss on return of the vehicle?
2) On a new Premium Plus, the dealer has quoted $64295 as MSRP, less $2500 discount for being a customer. The lease with $0 money comes to $963/month for 10K miles per year. Is this a good deal? If not, how much can I negotiate and/or what all I should ask the dealer.
3) Can anyone please tell me what is the money factor and residual percentage for PA? The dealer is in Monroeville, PA.
I assume this a lot car, because there are an awful lot of port installed options on the car. Based on the spec, I believe a Prestige model with cold weather and driver assistance would actually be cheaper. Also based on the money factor, your interest rate is 5.5%, which is not really good...
The money factor does look high, even in comparison to what I've seen on the Q7 (which itself is high in absolute terms). That said, the residual is higher than what I was quoted for 10k/year, so that's good. Either way, the dealers don't usually have much control over the main lease parameters - they're set by AFS or US Bank.
You do have about $1k of port-installed accessories, but it still looks to be a decent discount off MSRP. You'd have to see if you can get that same discount on a Prestige, especially if you have to factory order.
The last thing that was not clear to be is the $0 due at signing. Does that mean they're waiving the first month's payment and fees ($226 + $9)?
The money factor does look high, even in comparison to what I've seen on the Q7 (which itself is high in absolute terms). That said, the residual is higher than what I was quoted for 10k/year, so that's good. Either way, the dealers don't usually have much control over the main lease parameters - they're set by AFS or US Bank.
You do have about $1k of port-installed accessories, but it still looks to be a decent discount off MSRP. You'd have to see if you can get that same discount on a Prestige, especially if you have to factory order.
The last thing that was not clear to be is the $0 due at signing. Does that mean they're waiving the first month's payment and fees ($226 + $9)?
Yes, they are waiving the first month's payment and fees.
11-28-2016, 03:47 PM
Q7 lease return - new Q7
