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Prices Paid: Buying & Leasing Experiences Volkswagen GTI Lease Questions
194 messages, Last post on Jul 03, 2008 at 1:57 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Here is my current deal, haven't signed anything yet, but wanted to get an objective viewpoint: 2008 GTI - Candy White 4 Dr Manual with Autobahn + Monster Mats MSRP - 27155 Dealer Invoice - 25644 (invoice 25237+ $407 advertising, gas, etc.) Acquisition Fee - 575 Cap Cost Reduction - $500 lease incentive Adjusted Cap Cost - 25719 Residual - 14664 (54%) MF - .00103 (2.47%) 36 months Base monthly payment - 348.69 Monthly with 6% tax - 369.61 If I pay the Acquisition fee up front (pay 575 up front vs. 612 over the course of the lease), the base monthly payment becomes 332.12 (352.05 with 6% tax). Question 1: what do you think of the numbers? Question 2: Should I pay the acquisition fee up front or roll it into the lease payments? Thanks.
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Replying to: adjulian (Feb 05, 2008 12:59 pm) 2) With an effective interest rate of 2.47%, roll in everything you can.. How much is due at signing on this deal? regards, kyfdx
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Replying to: kyfdx (Feb 05, 2008 1:10 pm)
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Replying to: adjulian (Feb 05, 2008 1:17 pm) 
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Replying to: kyfdx (Feb 05, 2008 1:22 pm) Thanks again.
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Replying to: adjulian (Feb 05, 2008 2:06 pm)
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Replying to: kyfdx (Feb 05, 2008 2:33 pm) |
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I am interested in getting an '08 GTI 2 door with automatic transmission. Thats it no more options... I was wondering if anyone knows of any deals around South Florida, Miami... I am interested in either a 24 or 36 month lease with 12k a year. Also anyone from Florida that can tell me how much insurance is roughly on the car? Thanks for all answers in advance. |
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Sat down with a salesman, seemed like I couldn't get a straight answer. I plan to put $0.00 down, and he quoted $353 a month on a GTI lease. MSRP for the car (4 door, manual transmission, candy white, only option is a sunroof) is $24,950; dealer invoice is $23, 254. This seems like a high lease payment to me, even with nothing down. I love the car, and if I could get my lease payment to around $320-$325 a month, I would sign the papers on the spot. Anyone have any input as to whether or not that is a feasible payment, or is the dealer quote as low as it can get? Thanks.
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Replying to: dmauly2k (Feb 25, 2008 1:40 pm) Here is the information that you want to know: - MSRP - Invoice Price - Your price, i.e., your negotiated price for the car (adjusted capitalized cost) - Additional Fees (acquisition fees, etc.) - Are there any cap cost reductions? (did they tell you about the $500 lease incentive going on right now which should impact your cap cost and a Loyalty Program if you have a 2001 VW) - What is the residual they are using to calculate your payment? (usually expressed in terms of a percentage of the MSRP) - What "money factor" are they using to calculate your payment? (can be expressed as a percentage or a funny number, e.g., .00103 - take this number and multiply it by 2400 to get your lease percentage) Once you have all of this information you will be able to evaluate your lease. Also, did they tell you about the "Sign then Drive event" going on until Feb. 29 - VW will pick up your first payment and you are only responsible for Tax, Title, License. Check out my previous threads in this forum and look at some of the numbers I came out with. Overall, I was pretty happy with my deal. Hope this helps. |
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