I’m in the market for an Audi Q7 3.0 Premium Plus. I’m not sure how much these are leasing for as far as the 2019’s go. I know the 2017 Audi 3.0 Premium Plus is going for about 41k as a CPO car with approximately 25k miles. I don’t know much about these cars and how well they hold up so before I dive into a buy, I wanted to check to see what most are doing here as far as these cars go?
Question 1 - Does it make sense buying a 2017 CPO @ $41,000 instead of leasing a 2019 new one? I’m considering what the value of this car will be in 3 years on a buy versus the 3-year lease payment and see if it makes sense.
Question 2 - I’m in SoCal, any deals that look amazing for the Q7 3.0 Premium Plus on a lease or buy?
German cars out of warranty are generally a poor decision. Resale value is poor.
Wanted ads are not permitted. You can check the marketplace and recent shared deals to see how they are leasing. The resources and information are out there
Thanks for the quick response. Yes, I agree with it being a not so good idea with having a German car out of warranty. I think I can offset that with buying an additional Audi warranty. However, the resale value issue seems to be the killer. I took a quick glance at what 2012 Audi Q7’s are going for compared to 2017’s. I know the body changed and there are some differences but man does it take a nasty hit. Assuming I keep the 2017 for 5 years as a buy, I will take the same nasty hit.
Buying a brand new 2019 is pretty much ruled at as well, even if I can get 20% off MSRP. Let’s say a $65,000 car can be purchased for $52,000. In 5 years, the Q7 will be worth much less than half. When you add tax and license, it really ends up not being pretty. I don’t understand the buzz around the 20% off MSRP if these cars tank in value so bad…
I will take a look at lease scenarios to see if that will end up being a better option. If not, I may have to look at Japanese…
Theoretically you’d have an 8 year old Q7 with 90k+ miles. Research some lease deals on here and verify the MF, incentives and residual on Edmunds. Or consider other German competitors.
You will come out ahead if you buy used and hold for five years. It’s all a matter of whether you want the new car or not. All this stuff about out of warranty German cars is mostly lingering rumor. Just leased a new q7 and still have a 2010 q7 that we have owned from new. Extended warranty is totally unecessary on these cars.
It depends on how the previous owner took care of the car and how you take care of it. And also some luck. I wouldn’t go into a long term purchase without some cash set aside for costly repairs after the warranty expires.
Best to look around if purchasing, look especially for vehicles that’s been on the lot over 300+ days. Cargurus.com will show how long it’s been on the market.
I was thinking the same until I test drove both and did not see a major difference in power to warrant spending an extra $5-6k compared to the 2.0T that is equipped the same. But in the end to each their own, all the best in getting a Q7.
