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Volkswagen GTI Lease Questions

202 messages,  Last post on Aug 29, 2008 at 7:15 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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#16 of 202
Re: Volkswagen Golf: Lease Questions [Car_man] by lostinatl
Mar 19, 2006 (8:09 pm)
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Replying to: Car_man (Aug 31, 2005 5:30 pm)

Hi all, I have a 02 Passat GLS w/ 2 months left on the lease, its got a some damage to it, had a couple minor accidents, (probably around 2k worth of damage) and was looking at leasing the new 2.0GTI MkV w/ package #1, manual trans.
Went to 1 dealership in the Atlanta area, and was offered $499 w/ no money down for 36 month lease, which seemeed alramingly high. Just got an internet quote from another dealer who offered 360/36 months, and 326/48 months, no money down. (Both are 12k milesper year) I assume the 1st guy was just trying to rob me, but wanted to know if anyone knew if the 309/month offer on Edmunds is still being offered since both offers were above the one listed on the site. I know turning my car in w/ the damage is going to bump my pmt up, but both of those quotes are w/out looking at my curent car
#17 of 202
309/month.. good deal? or GREAT DEAL? by bdubb123
Mar 21, 2006 (12:23 pm)
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Is the current offer of $309/mo 36mos(good through 3/31) for a base manual GTI actually a good deal? What will the payments be for the same car after the deal has expired? I looked into the offer and there doesn't seem to be any real discount off the MSRP.
#18 of 202
Re: CAR MAN [stvnhrt] by Car_man HOST
Mar 26, 2006 (7:46 am)
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Replying to: stvnhrt (Mar 16, 2006 8:17 pm)

Hi stvnhrt. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
 
Car_man
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Smart Shopper / Prices Paid Forums
#19 of 202
Re: 24 Month GTI With Package 1 Lease [ericw2] by Car_man HOST
Mar 26, 2006 (7:49 am)
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Replying to: ericw2 (Mar 18, 2006 5:56 pm)

Hello ericw2. If you were to lease a 2006 Volkswagen GTI 2.0T through VW Credit right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00215 and 57%, respectively. VW is not currently providing any cash incentives on leases of GTI 2.0T models, other than $500 loyalty cash for returning owners and lessees.
 
Car_man
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#20 of 202
Re: Volkswagen Golf: Lease Questions [lostinatl] by Car_man HOST
Mar 26, 2006 (7:53 am)
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Replying to: lostinatl (Mar 19, 2006 8:09 pm)

Hi lostinatl. Volkswagen is still advertising the 2006 GTI 2.0T with manual transmission at $309 per month for 36 months with a $1,250 down payment. Like most manufacturers' advertised lease payments, I suspect that a smart shopper who is in an area where there is a decent level of competition would probably be able to lease a car for a little less than this by negotiating a lower selling price than the one that the ad is based upon.
 
You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on the deal that you were quoted if you let me know what these numbers are.
 
Car_man
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Smart Shopper / Prices Paid Forums
#21 of 202
Re: 309/month.. good deal? or GREAT DEAL? [bdubb123] by Car_man HOST
Mar 26, 2006 (7:55 am)
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Replying to: bdubb123 (Mar 21, 2006 12:23 pm)

Greetings bdubb123. Like most manufacturers' advertised lease payments, I suspect that a smart shopper who is in an area where there is a decent level of competition would probably be able to lease a car for a little less than this by negotiating a lower selling price than the one that the ad is based upon. It is difficult to say what Volkswagen's April lease program for this car will be like at this point. I suspect that it will try to maintain a similar lease payment on this car, but a lot will depend upon how well it sells in March. If the GTI has a good month, VW might ease off on its support and if it has a bad month VW might crank up its support a little bit.
 
Car_man
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#22 of 202
Re: Volkswagen Golf: Lease Questions [Car_man] by subiedubie
Mar 26, 2006 (8:31 am)
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Replying to: Car_man (Mar 26, 2006 7:53 am)

Car_M
 
Can you please work mine up for 36 and 39 and 48 mos-12,000 mi per yr.?
ZERO down-roll all charges into lease----but I'd like to know what those charges are---breakdown. Money factors and residuals, too.
 
2006 GTI MKV
6-SPEED MANUAL
PKG. 2
18" HUFFHEISEN WHEELS/TIRES
 
MSRP=$26,530
I can buy for: $23,500
Both include dest.
 
I'm in Newark, DE
 
Many thanks~!
#23 of 202
Re: Volkswagen Golf: Lease Questions [Car_man] by lostinatl
Mar 26, 2006 (12:49 pm)
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Replying to: Car_man (Mar 26, 2006 7:53 am)

Thanks for reply Car_man. I couldnt wait, (and may have paid for it), but I got the new GTI for 350/month 12k per year, no money down, $782 due at sign for tax/title/etc... I had 2 months left on my current Passat lease at 340/month along w/ about $500 in damages to the body. The price of the car was 22k, w/ sirius radio, and the 18inch rim and manual trans
I figure w/ the damage to my car,the last 2 payments remaining, and not putting any money down, the deals not too bad, but always feel like the dealership is high fiving each other like the realtors in the "Money Pit" after they sell the house to Tom Hanks and Shelly long lol
 
edit: I will say the car is a blast to drive, and lots of fun blowing thru the 6 speed manual tranny
#24 of 202
2006 GTI MkV DSG Lease question by trdmatrix88
Apr 04, 2006 (9:07 am)
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Looking to lease a 2006 GTI MkV DSG with an MSRP of $23,695 (hopefully I could get it for 2% above invoice and I'll be putting $1500 down, so after all that I would get it for $21,066). I know its longer than most but I was looking to lease for 5 years (60 months) so I wanted to get some insight on the residual percentage and the money factor for this car and this lease term from VW credit.
#25 of 202
Good Deal? by irebound
Apr 10, 2006 (9:25 am)
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The dealer quoted me for a GTI MkV 6 speed with package 2 and 18" wheels lease for 48 months 12k per year
 
"MSRP of the GTI $26,530.00--selling price $23,790.00 +tax,tittle,lic.,and fees. The residual is 50%, the money factor is .00248"
 
is this a good deal?

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