I am in the market for 2019 Q7 hoping for a deep discount on the old model and received an offer as below.
10k/yr + 36 months
MSRP $62,060
Selling Price $53,000 (-14.6%)
Residual 56%
MF 0.00146
The salesperson mentioned $5,500 of dealer allowances was applied to the pricing, but the payment doesn’t seem attractive much.
Any thoughts?
Your pre-incentive sale price is $58,500 which equates to a discount of less than 6%. I would find another dealer. Make sure to confirm the MF and RV on Edmunds.
Use the search function and check out the “shared deal” section to see what others have paid for this car. I would also suggest reading leasing 101, since the quote you received includes cash down (which is a no no on a lease).
Good luck.
Thank you!
Yes, I checked Edmunds for MF/RV and the dealer put the correct numbers.
My question was if the $5,500 was applied towards the MSRP or my lease cost.
Thanks again. I will do more research.
This statement doesn’t make sense. What do you mean?
You answered your own question. That $5500 was applied as a “discount” towards the selling price. So the dealer is only giving you a sub 6% discount off MSRP before any Audi rebate. As I said in my previous response, find another dealer.
Maybe re-reading leasing 101 is in order for the OP.
Before finding another dealer, work out what the numbers should be. Talking to the dealer is for finding someone to do your deal, not for figuring out what the car should cost.
I paid 545/month 4k out the door in December for the exact same car including 8.375 tax upfront and the damage waiver. You have lots of room.
I also had two dealers willing to do 495/month 3500 out the door with tax upfront on a 45 se including Audi care. This is in the ny tri-state region.
Why not post what your pre-incentive discount was on the car? That might be more helpful to the OP.
It was at the buy rate me and I believe the same residual. Incentives would also be the same. Not sure where the paperwork is, but you should be able to back calculate the sale price from the info.
Something close to the following:
Taking out the $5500 in rebates from your sale price, your actual dealer discount was only 7.3%. So not the best deal, but since you were happy with the deal that’s all that matters. I believe OP should aim for at least 15% off MSRP pre-rebates for a 1 year old car.
Those payments are exactly where all the best deals were ending up around here in December and is still better than what the brokers are posting. You can think the numbers should be better, but that is what the dealers were doing around here.
I am not crapping on your deal. I was just comparing your pre-incentive discount to OP’s deal.
Understood. Just pointing out that this is where dealers are/have been.
