Automotive

Audi Q7 2017 lease take over

  • Last Updated:
  • Jun 16th, 2017 11:01 am
[OP]
Newbie
May 21, 2017
20 posts
3 upvotes
Montreal

Audi Q7 2017 lease take over

Hi
I am in market for 3 row SUV
And saw 2 ads for Q7 2017 lease take over , want to know what do you think about these two lease take over :
- I am in Québec
1- Q 7 2017 techneik-S with 28000 km on it
Owner had put 6500 down payment, the lease will end in 22 month , lease good till 64000 km , no winter tires
No lease guard , payment 1112 tax in , no incentives , transfer cost extra!!! OR negotiable ..
111

2- Second one is Q7 2017 progressiv ( and some extra features) with about 11000 km on it , lease 1100 tax in , with 3300 incentive, and winter tires, lease end after 36 months ( km allowance 80000km at lease end ) transfer costs payed by actual owner
Last edited by montja on Jun 15th, 2017 3:00 pm, edited 1 time in total.
15 replies
Deal Expert
User avatar
Jul 30, 2007
23202 posts
8161 upvotes
Toronto
who is paying for the transfer fee
who is paying for the inspection

#1 - the car is more loaded, hence owner put a bit more down to lower the monthly payment. If you like a more loaded car and paying a small subsidized payment (thru the current owner's down), then it is something to think about, esp. it would cost more if you go to lease a new one today.

#2 - with the credit incentive of $3300, an effective payment reduction of $90 per month for the next 36 months seem decent.

If your objective is to look for a car with simply the lowest payment (effectively), then pick # 2 ... but you still need to do the due diligence in getting carproof, all service records, inspection and check the stage of parts wear on the car (brakes, tires)
[OP]
Newbie
May 21, 2017
20 posts
3 upvotes
Montreal
booblehead wrote:
Jun 15th, 2017 3:33 pm
who is paying for the transfer fee
who is paying for the inspection
1- maybe he would not pay that, or negotiable

2- he will pay the transfer cost fee
Deal Expert
User avatar
Jul 30, 2007
23202 posts
8161 upvotes
Toronto
until you know all the details, you should keep looking. If #1 is not going to pay those fee & inspection, I would not even bother at all.
[OP]
Newbie
May 21, 2017
20 posts
3 upvotes
Montreal
first car details are here:
http://www.kijiji.ca/v-cars-trucks/long ... 54654?null

Lease transfer

36 month Lease 1112.49$ @ 2.9% | 21 months remaining with 31500 KMs

Audi Warranty 4 years 80000KMs

Audi Q7 Technik 2017
-Remote start with Smartphone app and 2-way remotes
-Tag electronic identification & tracking
-20 inch 285/45
-Nougat Brown Interior
-Driver assistance plus
-Towing Package with 7-pin adapter
-OLED Virtual Cockpit
- Panoramic roof
-LED Headlights + Taillights
-Apple CarPlay
-Bose 3D Surround with integrated subwoofer
- Interior ambiant lighting package
-Front and rear side airbags
-Dark tinted privacy glass
-Sun blinds for rear window and rear door windows
-Audi active lane assist
-360 degree Camera and distance sensor
-Adaptive cruise control with Stop & Go and traffic jam assist
-Head-up display
-Traffic sign recognition
-High-beam assistant
-Audi pre-sense plus/pre sense city

750$ +tax Lease transfert fee




second car details are here:

http://www.leasebusters.com/fr/details.asp?ID=224709
Member
May 7, 2016
360 posts
277 upvotes
You are willing to buy a 1 year old car, with 11,000 kms and only save $3,300??? Or a 1 year old car with 28,000 km and save $6,500? With such a small savings in an +$70,000 car, you should buy a new one and forget the headaches of buying a used car that you don't know how it has been treated.

If you were to trade that car, you would get 70% to 80% of the original price. That is what I would aim in a lease transfer (i.e. 70,000 MSRP x 80% = $14,000 in savings, not $3,000 or $6,000)
[OP]
Newbie
May 21, 2017
20 posts
3 upvotes
Montreal
In first case , i am saving 6500. + ( 1100 X14 payment s done by first owner ) months remaining on contract ( 22 months )

In second case , it gonna be 3300 + ( 1100X12 ) but longer lease remaining month on contract ( 36 )
Penalty Box
Dec 27, 2013
8003 posts
3927 upvotes
Toronto
I don't really understand these leases... where is the purchase price of the car, after the lease is done? Isn't that the only way to price these properly?

$1100 x 14 payments done by first owner =15400..

Right, that means the car is a 2015? or a 2016?

so what is the price of a similar Q7, to buy used for those model years? that's the only way to determine if its a good deal.
[OP]
Newbie
May 21, 2017
20 posts
3 upvotes
Montreal
Buy back price at the end of contract is :
1- 46000

2- 41000

Price for used Q7 2017 with about 10 k - 20 k km is. Bout 66000 to 77000
Deal Expert
User avatar
Jul 30, 2007
23202 posts
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Toronto
OP is not planning to buy the car. His objective is to see which lease is a better value. He has no control over the buyout, interest rate, payment. In a typical leasetakover proposition, you can only judge on deal based on incentives given by the owner. Also, part of the determination is to see how much it would cost to lease a brand new one today and then compare. Of course the comparison will not be 100% accurate due to change in interest rate and residual
Deal Expert
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Jul 30, 2007
23202 posts
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from the remaining lease term POV

#1 - If the current owner did not put a $6000 down, you would be looking at a payment of $1316 per month vs $1112. Therefore, the difference is $200 per month in saving * 21 months = $4200 - $850 (transfer fee taxes incl) = $3350 or effective monthly saving of $159. Inspection cost not included as you still don't know who will pay for it

#2 - $3300 cash incentive over 35 months = $94 effective monthly saving + winter tires (no rims) which have been used for 1 yr and replacement value would be around $1200-1400 (if you don't need them, then you can sell for say $800-$900). Again, it does not say who pays for the lease transfer and inspection cost
[OP]
Newbie
May 21, 2017
20 posts
3 upvotes
Montreal
And first lease has less months left 21 vs 36 on the second lease

For a new lease for 36 months , it gonna be about 1440 tax in per months ( full loaded as the lease 1 )
Deal Expert
User avatar
Jul 30, 2007
23202 posts
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Obviously, because the residual has came down a few % points since that time, as we are actually looking at MY18 in just a few months time

As in terms of what angle you are looking at to make your decision easier.
* fewer vs longer months til end of lease or
* higher vs lower trim model or
* effective payment POV or
* strictly it comes down to a personal choice ... what you really like
[OP]
Newbie
May 21, 2017
20 posts
3 upvotes
Montreal
I do like higher trim level and less months remaining
Deal Expert
User avatar
Jul 30, 2007
23202 posts
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You may have just answered to your question. Smiling Face With Open Mouth

That's easy !!

Just have to see how the inspection comes thru. (hopefully you are not the one to pay)

Lastly, if the current owner is in Quebec, how come the car does not have winters ? It's mandatory. Maybe you can convince the owner to give that to you too, in exchange for you paying for the inspection (but if there's anything needs fixing, it would still be the current owner to pay before you are to takeover).

Due diligence is still required.. Getting carproof and all service records.

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