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Volkswagen GTI Lease Questions

271 messages,  Last post on Dec 05, 2009 at 11:17 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Volkswagen Golf, Car Leasing, Hatchback


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#144 of 271
Re: October Lease Figures [jackham] by Car_man HOST
Oct 26, 2007 (3:17 am)
Reply

Replying to: jackham (Oct 01, 2007 9:44 pm)

Hi Jackham. You actually would be better off paying a slightly higher payment and not making any down payment than putting money down to arrive at a target monthly payment. I always advise consumers against making large down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.
 
Let's work up a sample lease payment on the car that you are interested in and see what we come up with. You never mentioned its selling price, so for now I will assume that you are able to negotiate a $1,000 discount. According to my calculations, if you were to lease a 2008 Volkswagen GTI 4-Door that has an MSRP of $22,919 (this might now be the correct MSRP...it sounds a little low) and a selling price of $21,919 through Volkswagen Credit right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $342. As you can see, this is actually pretty close to your target payment with nothing down.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#145 of 271
Re: Lease [jonahmc] by Car_man HOST
Oct 29, 2007 (1:08 am)
Reply

Replying to: jonahmc (Oct 22, 2007 3:58 pm)

Hi jonahmc. $200 over dealer invoice is a very good selling price for a leased 2008 Volkswagen GTI. The money factor that you were quoted looks a little high though. VW Credit's current buy rate lease money factor for the '08 GTI for consumers who qualify for its top credit tier is .00223. So if you have to pay .00045 more than that because you don't qualify for the top credit tier, you money factor should be around .00268.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#146 of 271
2008 GTI 2-door automatic in Los Angeles by blackpointtk
Oct 30, 2007 (7:49 pm)
Reply
Hello Car-man,
 
I want to lease a 2008 2-door GTI, automatic with autobahn package for 36 months, 12K/yr, with little or no down per your advice. I should be top tier credit. The MSRP is $26,825, and invoice is $25,062. So assuming a purchase price of $25,300, what would my monthly payments be? What is the current money factor, residual amount? Can individuals find the money factor and residual amounts on their own? Lastly, how good is VW's nationally advertised GTI lease special? (39mo, 12K, $299/mo., $2420 due, on $23,370 MSRP)
 
Thanks for this wonderful resource you provide!
#147 of 271
GTI lease deal from this weekend by mikkle
Nov 05, 2007 (3:57 am)
Reply
Hi Car_man,
 
Went in to the dealership this weekend where I was offered the following GTI lease deal. I am looking for a 3yr/36k miles lease on a base 4 door GTI MkV automatic.
 
Unfortunately there apparently are no "base" models left in the entire state of Arizona and the closest thing they have is one with upgraded wheels, that I do not care for and which adds $900 to the price of the car. Here is what I was offered:
 
* $25,835, including startup fees of $1,100
* $0 OTD
* 0.00097 money factor, 55% residual
* $379/mo + tax
 
What do you think of this deal? That price seems a little high even with $1100 startup fees and $900 wheels, it seems I'm still about $1000 over invoice. The money factor seems low (works to about 2.3%), although I have good credit (735) it seems lower than what I have seen posted here.
 
Looking forward to your feedback. Thanks in advance.
#148 of 271
Car_man, I have a GTI ease question! by uki
Nov 06, 2007 (5:43 pm)
Reply

Replying to: Car_man (Aug 08, 2007 1:37 am)

Wow, I'm so impressed with the info and help you provide. I need to lease 08 GTI, manual, with cloth seats, cold weather package (late intro, but already available) and sunroof. My current VW lease is up in 2 mos, so I qualify for the Pull-Ahead - waving security deposit, and they would pay my first payment. What would be the lease rate that I should get for 39 mos and 15000 miles/yr? I live in Illinois (suburban Cook County). Going to the dealer - again! - tomorrow... Thanks!!!
#149 of 271
Sign and drive promotion by matt_70
Nov 08, 2007 (3:54 pm)
Reply
$309/Month. 36-Month Lease 2008 GTI 2.0T 2-door with manual transmission
$0.00 Due at Signing. Based on MSRP of $23,370.00 (more details see VW homepage)
Of course the closest thing I find in my area is more like $25k. What do you think I can expect from the dealers as far as monthly payment with the more realistic MSRP? What money factor and residule value are they using for this promotion?
#150 of 271
Re: Sign and drive promotion [matt_70] by mikkle
Nov 08, 2007 (5:00 pm)
Reply

Replying to: matt_70 (Nov 08, 2007 3:54 pm)

Hmm... new month, new deals! This is a much, much better offer than last month. From my (possible erroneous) calculations, it looks like the November GTI lease deal is $2520 cheaper apples-to-apples than October's national lease deal. Too bad there aren't many (any?) base models in my area, either....
 
Car_man, for the month of November, can you please let me know what is the money factor and residual value for a 2008 GTI 4dr automatic? My credit is ~735 and I am looking at a 3 year, 12000 or 15000 mile lease. Assuming I can negotiate a decent deal on the car, what kind of monthly payment would I be looking at?
 
Thanks in advance for this great service!
#151 of 271
Re: Sign and drive promotion [matt_70] by kyfdx HOST
Nov 08, 2007 (8:36 pm)
Reply

Replying to: matt_70 (Nov 08, 2007 3:54 pm)

If it is $309/mo. for $23,370 MSRP with nothing upfront...
 
309 / $23.37 = $13.22 per thousand of MSRP
 
$13.22 X $25K = $331/mo.
#152 of 271
Re: Sign and drive promotion [kyfdx] by kmur
Nov 09, 2007 (11:58 pm)
Reply

Replying to: kyfdx (Nov 08, 2007 8:36 pm)

As far as I can tell, the advertised figures are based on sticker price less $200 dollars (the fine print says $200 dealer contribution). Thus, my guesstimate is a residual of 56% and MF of .0009.
#153 of 271
Re: Volkswagen Golf: Lease Questions [Car_man] by roadking1
Nov 26, 2007 (6:28 pm)
Reply

Replying to: Car_man (Mar 26, 2006 6:53 am)

Car Man
 
Looking at a 2008 R32 to lease. Sale price $33K, 10,000 per year, 36 month lease. Residual quoted at 59%, % rate of 7.2%. Quoted $561 per month, zero down.
 
I have a credit score over 700. Is this close to the correct residual, any better money factors? Thanks for the help.

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