Alex - I have a friend who has decided to buy a 4.2 Q7, fully loaded. He had read that there was the cash purchase incentive, but his dealer told him that this was incorporated in the MSRP when it dropped this year. Is this the case? Also, they told him that he would be better off to lease it (at 2.9%) for three years, and then buy it out, as opposed to buying it outright. This doesn't make sense to me, unless the residuals are ridiculously low. Can you give me the residuals on a Q7? I suggested to him that he get the purchase offer faxed to him to look over.

Any help is appreciated, thanks. If we weren't on the other side of the country, I'd be sending him to you!

matt

from $77,600 to $75,100. There's also a cash incentive on them of $2,000.
The interest rate for 36 months on the Q7 4.2 is 3.5% and the residual is 47% for 25 k/yr (add 1% for 20k/yr and another 1% for 16 k/yr)
We are waiving the first month lease payment as well as the security deposit, this is the special for the month of March.
The interest rate for financing is 2.9% up to 24 months and 5.9% from 25 to 60 months.
The difference between buying and leasing is a personal thing. Most people lease simply because they can't be bothered with trade in values or selling their cars privately. Also most folks replace their cars every 3 to 4 years, so leasing makes it for an easy transaction.