premium plus or prestige trim? if trying to lease.
07-24-2017, 05:29 AM
#1
AudiWorld Member
Thread Starter
premium plus or prestige trim? if trying to lease.
so i'm starting to rethink about leasing a prestige q7 with BOP since all of the q7 that has the BOP is only for sold orders and the car really have a low residual. is it worth to lease the prestige or should i just go with the premium plus? i really want to have the BOP, but i don't want to make a really wrong financial decision just because i want that package.
any of you guys can shed some light about this please?
any of you guys can shed some light about this please?
07-24-2017, 05:56 AM
#2
AudiWorld Senior Member
I have done a lot of lease calculations. Leasing is pretty much the same as buying a car, then trading it in after some years. Which is to say, not as good as buying a car, and selling it privately. If you are self-employed and can tax deduct it, a lease has some advantage in how much can be tax deducted. Beyond that, it is just a financing mechanism as it has interest built in.
I think one way to decide is if you want Vision package, warm weather, and 20 inch wheels. If you are going to add those, then adding them to a PP brings you to within $400 of a Prestige, but will be missing the following compared to a Prestige:
1. Interior ambience lighting.
2. Won't have soft-close doors.
3. HUD.
As for a car that has low residual value - if that means one should lease vs not lease - I don't see how that should matter in the decision. Lower residual value is bad for both. For a lease, it raises the lease payments. For a sale, it reduces the resale value. My solution to that is to buy it with every option that I want, and then plan to keep it for at least 10 years.
If you do lease, you should start by planning to buy it. Negotiate a discount off MSRP. Then later change to a lease, and use that negotiated purchase price as the basis for the lease formulas.
I think one way to decide is if you want Vision package, warm weather, and 20 inch wheels. If you are going to add those, then adding them to a PP brings you to within $400 of a Prestige, but will be missing the following compared to a Prestige:
1. Interior ambience lighting.
2. Won't have soft-close doors.
3. HUD.
As for a car that has low residual value - if that means one should lease vs not lease - I don't see how that should matter in the decision. Lower residual value is bad for both. For a lease, it raises the lease payments. For a sale, it reduces the resale value. My solution to that is to buy it with every option that I want, and then plan to keep it for at least 10 years.
If you do lease, you should start by planning to buy it. Negotiate a discount off MSRP. Then later change to a lease, and use that negotiated purchase price as the basis for the lease formulas.
Last edited by rsilvers129; 07-25-2017 at 07:01 AM.
07-24-2017, 09:36 AM
#3
AudiWorld Member
Thread Starter
I have done a lot of lease calculations. Leasing is pretty much the same as buying a car, then trading it in after some years. Which is to say, not as good as buying a car, and selling it privately. If you are self-employed and can tax deduct it, a lease has some advantage in how much can be tax deducted. Beyond that, it is just a financing mechanism as it has interest built in.
If you load up a PP to be like a Prestige, it will be missing the following:
1. LED Headlights.
2. Interior ambience lighting.
3. Will have a smaller display.
4. Won't have ventilated seats unless you get the luxury package.
5. Won't have soft-close doors unless you get luxury package.
For this, you will only save about $1500 off the purchase price, and have lower residual value. So my conclusion was that a PP does not make sense unless it is fairly option less. This should apply to leasing as well as purchasing.
As for a car that has low residual value - if that means one should lease vs not lease - I don't see how that should matter in the decision. Lower residual value is bad for both. For a lease, it raises the lease payments. For a sale, it reduces the resale value. My solution to that is to buy it with every option that I want, and then plan to keep it for at least 10 years.
If you do lease, you should start by planning to buy it. Negotiate a discount off MSRP. Then later change to a lease, and use that negotiated purchase price as the basis for the lease formulas.
If you load up a PP to be like a Prestige, it will be missing the following:
1. LED Headlights.
2. Interior ambience lighting.
3. Will have a smaller display.
4. Won't have ventilated seats unless you get the luxury package.
5. Won't have soft-close doors unless you get luxury package.
For this, you will only save about $1500 off the purchase price, and have lower residual value. So my conclusion was that a PP does not make sense unless it is fairly option less. This should apply to leasing as well as purchasing.
As for a car that has low residual value - if that means one should lease vs not lease - I don't see how that should matter in the decision. Lower residual value is bad for both. For a lease, it raises the lease payments. For a sale, it reduces the resale value. My solution to that is to buy it with every option that I want, and then plan to keep it for at least 10 years.
If you do lease, you should start by planning to buy it. Negotiate a discount off MSRP. Then later change to a lease, and use that negotiated purchase price as the basis for the lease formulas.
07-24-2017, 09:46 AM
#4
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If you load up a PP to be like a Prestige, it will be missing the following:
1. LED Headlights.
2. Interior ambience lighting.
3. Will have a smaller display.
4. Won't have ventilated seats unless you get the luxury package.
5. Won't have soft-close doors unless you get luxury package.
1. LED Headlights.
2. Interior ambience lighting.
3. Will have a smaller display.
4. Won't have ventilated seats unless you get the luxury package.
5. Won't have soft-close doors unless you get luxury package.
And also, I remembered the PP (61% for 36month/12k) has higher RV than Prestige (59% for the same). Found these numbers here: https://forums.edmunds.com/discussio...e-questions/p7 . But might not be the same case for 2018.
07-24-2017, 12:21 PM
#5
AudiWorld Senior Member
I fixed my post. Is there anything that a Prestige has included that you can't get on a PP besides:
1. LED Headlights.
2. Interior ambience lighting.
3. Will have a smaller display.
4. Won't have soft-close doors.
[edited to add - this is incorrect]
1. LED Headlights.
2. Interior ambience lighting.
3. Will have a smaller display.
4. Won't have soft-close doors.
[edited to add - this is incorrect]
Last edited by rsilvers129; 07-25-2017 at 06:58 AM.
07-24-2017, 12:59 PM
#6
AudiWorld Super User
2. Interior ambience lighting. - Correct
3. Will have a smaller display. - No, display is the same
4. Won't have soft-close doors - Correct
5. HUD
07-25-2017, 04:13 AM
#7
AudiWorld Senior Member
Now granted I wasn't planning to order my Q7, but when I was looking for my Q7 the few Prestige models I found on dealer lots were priced $5k to $8K more than my prem plus with vision, bose, 20's cold weather etc.. Had I found a Prestige for $400 or even $2K more I probably would have jumped on it.
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07-25-2017, 07:01 AM
#8
AudiWorld Senior Member
I see. So since I was incorrect on some of those, that changes the calculation a bunch. Now the main reason to get a Prestige is for the HUD, interior lighting, soft-close doors, and it enables the ability to get the luxury, chassis package, BO, or 21 inch wheels (none of which I got).
But for the $400 more, I did get the interior lighting, soft-close doors, and HUD, which are of course worth $400.
But for the $400 more, I did get the interior lighting, soft-close doors, and HUD, which are of course worth $400.
Last edited by rsilvers129; 07-25-2017 at 08:16 AM.
07-25-2017, 08:19 AM
#9
AudiWorld Senior Member
Now granted I wasn't planning to order my Q7, but when I was looking for my Q7 the few Prestige models I found on dealer lots were priced $5k to $8K more than my prem plus with vision, bose, 20's cold weather etc.. Had I found a Prestige for $400 or even $2K more I probably would have jumped on it.
07-26-2017, 09:01 AM
#10
AudiWorld Senior Member
Probably they had the luxury package. I was lucky in that the dealer had a 2018 coming in with exactly what I would have ordered, except I had settled on plain black paint, and this one had $575 metallic paint, but I was struggling on which of those paints to get anyway, so I am happy the decision was made for me. It did have the stupid USB and hitch cables, but they were nice enough to remove those for me.