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Volkswagen Beetle Lease Questions

42 messages,  Last post on Sep 30, 2007 at 2:55 PM

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What is this discussion about? Volkswagen New Beetle, Car Leasing, Convertible, Hatchback

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#31 of 42 Re: VW Beetle Convertible - Auto, Pkg 1, Rubber Mats [Car_man] by apudiyap Sep 12, 2007 (2:56 pm)
Replying to: Car_man (Aug 08, 2007 1:28 am) Hi Car_Man,     I am looking to lease a VW New Beetle Convertible for my wife from VW Sunnyvale, CA.   Beetle convertible auto w/ package 1 and rubber mats MSRP of $25,499 including destination Invoice of $24,195 Purchase Price of $23,162 (He's saying the $750 VW lease cash does not apply for Sept. and that he's pricing it $1033 below invoice. Well, whatever ) Cap cost of $23737 (Including $575 lease acquisition fee) Cap cost reduction $1737   Total Financed $22,000   The money factor is .00027 (I have a credit score of abt 790) with a 61% residual based on 10k miles/yr 36 months.   So with a residual of $15,554.39, I am looking at 189/month plus tax.   Now here are the questions:   1) Is the $750 VW lease incentive available for Sept 2007? 2) Is the lease acquisition fee mandatory or do dealers usually waive it? 3) What are the residual and money factor on this car for Sept 2007? the money factor they are giving me looks way below what you quoted for Aug, but the residual is a full 4% lower than your Aug figures. 4) Do dealers go below the factory specified money factor? 5) Do dealers dip the residual below the factory specification and do they have a reason to do that, since its only gonna force me to buyout the car at lease end?   Since the purchase price looks below invoice (even after factoring the $750) and very low finance charges, I think I am getting a good deal, since the low residual can be offset by opting to buyout and reselling at lease end. But if dealers usually waive the lease acquisition fee, the equation might be different.   Please share your thoughts. And BTW, no other dealer in the area came even close. Replies to this message: cluelessinca (Sep 15, 2007 3:40 pm) Car_man (Sep 24, 2007 1:11 am) Car_man (Sep 20, 2007 3:07 am)
#32 of 42 Re: VW Beetle Convertible - Auto, Pkg 1, Rubber Mats [apudiyap] by cluelessinca Sep 15, 2007 (3:40 pm)
Replying to: apudiyap (Sep 12, 2007 2:56 pm) I could really use some help. I was just at the dealer looking at the new beetle conv. to see the $219 lease special, which of course, no cars are left at that price. I would lease a 2007 conv. but the price the dealer is quoting me is $100 over what the man you replied to earlier is saying he would pay. I would buy the car after the lease ends. I would take the 6 speed triptronic, pkg 1, harvest moon beige, cd changer. They are telling me that the sale price is $25,400, with $2000 down, tax here is .0825 in LA county, 36 month lease, at 12,000 miles per year i suppose - not sure since i am going to buy it off the lease - i do a lot of miles - their money factor is .000270, the lease price is $282.94 PLUS TAX !!! The resid. value is $15240 (is that negotiable ?) I'm a single mom who is awful at math and could use some help with this...don't want a dealer to take me for an extra $100 a month but not sure how to get the price down. Thanks for any help you can offer. Susi Replies to this message: Car_man (Sep 24, 2007 1:11 am)
#33 of 42 Re: VW Beetle Convertible - Pkg 1 [bstewedmunds] by Car_man HOST Sep 20, 2007 (2:31 am)
Replying to: bstewedmunds (Aug 08, 2007 4:57 pm) You're very welcome, bstewedmunds. Let's work up a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2007 Volkswagen Beetle Convertible that has an MSRP of $25,400 and a selling price of $23,900 through VW Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $258. The payment for an otherwise identical lease with only 10,000 miles per year would be $251.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: cluelessinca (Sep 20, 2007 12:54 pm) Car_man (Sep 24, 2007 1:14 am)
#34 of 42 Re: lease "trade-in" [eargrrl] by Car_man HOST Sep 20, 2007 (2:34 am)
Replying to: eargrrl (Aug 21, 2007 1:11 pm) Hi eargrrl. More likely than not you will be better off just waiting until the scheduled end of your current lease to get a new vehicle. To get you out of your RAV lease now the dealer that you are working with will have to either make your last couple of payments for you or purchase your truck from the bank that you are leasing through. There is a very good chance that it will cost more to purchase your leased RAV right now than it is worth on the open market. If so, then this dealer would lose money by getting you out of your lease this way as well. Either way, if it costs the dealer anything to get you out of your lease...which is likely the case...it is going to hamper your ability to get the best possible deal on your new vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#35 of 42 Re: MF and Residual Value New Beetle Convertible and Hard Top [drenga] by Car_man HOST Sep 20, 2007 (2:37 am)
Replying to: drenga (Aug 26, 2007 4:50 pm) Greetings drenga. Volkswagen Credit's current buy rate lease money factor and residual value for 36 month lease of a 2007 VW Beetle Convertible (non-Triple White) with 15,000 miles per year are .00043 and 58%, respectively. The numbers for an otherwise identical 48 month lease are .00108 and 50%. As you can see, the 36 month program is much more attractive right now.   VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta 2.5 with 15,000 miles per year are .00113 and 51%. Its 48 month numbers are .00166 and 43%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#36 of 42 Re: VW Beetle Convertible - Auto, Pkg 1, Rubber Mats [apudiyap] by Car_man HOST Sep 20, 2007 (3:07 am)
Replying to: apudiyap (Sep 12, 2007 2:56 pm) Hi apudiyap. Volkswagen is providing a special $750 cash incentive on Beetles that are financed through Volkswagen Credit using its conventional program, but I don't believe that this incentive is available on VW Credit leases.   VW Credit charges a $575 acquisition fee on every vehicle that it leases. Unfortunately, individual dealers do not have the authority to waive this charge. You can either pay it at lease signing or roll it into your car's capitalized cost to make it part of your monthly payment.   Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2007 Beetle Convertible (non-Triple White) with 10,000 miles per year are .00043 and 61%, respectively. This is the lowest money factor that dealers are allowed to charge on leases of this model through VW Credit, but dealers are often allowed to "mark-up" vehicle's buy rates to add additional hidden, back-end profit to deals. Residual values are essentially set in stone and dealers really do not have tha ability to alter them.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#37 of 42 Re: VW Beetle Convertible - Pkg 1 [Car_man] by cluelessinca Sep 20, 2007 (12:54 pm)
Replying to: Car_man (Sep 20, 2007 2:31 am) Thank you ! How much would it be if I put down $2000 ? I have a feeling the dealer will throw me out if I show him that sales figure and those calculations. How did you arrive at a selling price of $23,900 ? and what residual did you use ? They say the residual is set by the bank and they are not able to alter that number - I think it was $15,200. Replies to this message: Car_man (Sep 24, 2007 1:14 am)
#38 of 42 Re: VW Beetle Convertible - Auto, Pkg 1, Rubber Mats [cluelessinca] by Car_man HOST Sep 24, 2007 (1:11 am)
Replying to: cluelessinca (Sep 15, 2007 3:40 pm) Hi Susi. The best way to get a good deal on a lease is to negotiate the lowest possible selling price on the car that you want. Shop around with a few dealers, there should be a number of them in the Los Angeles area, and go with the one that offers you the lowest selling price. Once you have found a price that you are comfortable with, have the dealer that gives it to you calculate your car's lease payment using its buy rate money factor. Volkswagen Credit's current buy rate for a 36 month lease of an '07 Beetle Convertible is .00043. Vehicles' residual values are not negotiable.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#39 of 42 Re: VW Beetle Convertible - Pkg 1 [cluelessinca] by Car_man HOST Sep 24, 2007 (1:14 am)
Replying to: cluelessinca (Sep 20, 2007 12:54 pm) You're welcome, Susi. I always advise consumers to go with zero down leases. I do so because if your leased vehicle is totaled in an accident or stolen and never recovered, any down payment that you made on it essentially disappears. Not only that, but down payments on leases do nothing to reduce vehicles' end of term purchase prices.   The selling price that I used to calculate that lease payment for bstewedmunds was supplied by him in an earlier post.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#40 of 42 missed the lease specails :( by celtic_dude Sep 30, 2007 (6:08 am)
Well I so wanted to go and get a 2007 bug convertible but only just found out that the lease specials have ended. Could I expect some new lease program to come around again? Or would I be better off waiting till they offer a lease program on the 2008 convertibles.   I would like to try to find something around a payment range of $200 to $250 to lease. Any help or suggestions. Thanks Replies to this message: cluelessinca (Sep 30, 2007 6:22 am) celtic_dude (Sep 30, 2007 2:55 pm)

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