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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
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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car_man and kyfdx, I have enjoyed reading through the forums, and appreciate the useful advice you give everyone. Can you tell me the current money factor and residual for a 2008 GTI MkV 4-dr auto? I am looking at 24-month and 36-month (signTHENdrive) leases. Thanks, caveman
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I am nearing the end of my lease with VW Credit for a 2007 GTI. I am curious about what the end of the lease means for me and what my options are. First, a little background... 15K miles a year for 2 years... I got my GTI in July 2006 -- so a pretty early 07, with the Package 2 premium options (leather, DSG, upgraded wheels/tires, dual climate, etc.) and my residual ended up being $18,400. I'm right where I should be with my mileage allocation. But a quick look at the kbb/edmunds and I see and see my GTI is a mere $15+K to a dealer; but would retail for about $19K. I'm guessing this mean, essentially, there's no use in "buying" this car at this price and then trying to "sell" it and pocket the difference? (Ten years ago, I leased a Honda Accord and upon turn-in, I netted a few thousand dollars toward my next car -- despite being way over the mileage limit. History doesn't seem to be repeating itself here.... or am i missing something?) Even if I don't get any money/equity out of this transaction, I believe I would like to lease my next car. As for getting another VW, I need something with a few more doors and a little more legroom and a lot better in inclement weather. I have an expanding family, and while my 2-year affair with the GTI was fantastic, I need to settle down with a more practical car. So, naturally, I have the hots for a Tiguan when that model hits the streets. My question is... what incentive will VW Credit give me if I lease another VW? Is there any advantage to turning it in early? I have three more payments on my current GTI. And what else to expect? I think I've kept the car maintained... regular maintenance, no damage, good aesthetic shape. There is one ding on the hood and one rimmed has a 2 inch scratch on it, but otherwise looks showroom. What kind of fees should I expect? Thanks for the insight!!!
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There is a loyalty program going on right now for current VW owners. I am not sure of the specifics but I seem to recall anywhere from 1000 - 2000 loyalty discount depending on your make of vehicle. There was also a $500 lease incentive going on as well. Additionally VW extended their Sign Then Drive Event through the end of March. There is no advantage to turning your lease in early unless VW decides to wave your payments altogether, which is not very likely. You definitely do not want to roll your existing payments into your next lease. Also, if there is a disposition fee and you lease another VW or Audi, you do not have to pay the disposition fee. I can't comment on the dings and scratches and what that would mean to any additional costs. Might be completely dependent on the dealer and whoever is looking over your car at lease turn in. Hope this helps. |
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Replying to: caveman123 (Feb 25, 2008 9:51 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: davexpert (Mar 09, 2008 9:48 pm) Volkswagen is actually running a special owner loyalty program on GTIs right now. Current owners who purchase or lease a new one are eligible for a $1,000 owner loyalty incentive. You can use this cash to help you negotiate an attractive selling price on the new GTI that you want to lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hello! I'm within the 90 day period of my lease expiration and am wondering what the heck to do. This is causing me great anxiety... I've been leasing a 2004 Jetta 1.8T for the past 4 years. The car has been phenomenal (reliable, fun to drive, economical, etc.), and I think I'm going to lease a GTI after this. This being said, what would be the most appropriate way of getting into a GTI (the sign and drive event is really appealing)? Should I turn my car in right now and just pay the last 2 months due along with all wear and tear, over-mileage, etc.? Should I enter into a lease and have them package the remaining 2 payments into the new lease and pay for over-mileage, wear and tear etc? Furthermore, I'm terrified that I'm going to get ripped off on the wear and tear - is it advantageous to have any repairs done prior to the assessment? The roof was dinged by a softball and there is a small scrape on the bottom of the driver's side door; these things aside, the car looks fine cosmetically. I suspect that I will have to replace all tires (should I buy these on my own before turning it in?). I've had one "real" tune-up during my lease period, and have had periodic oil changes. The car still runs great - should I have a tune-up done prior to turning the car in? Any advice would be greatly appreciated!
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| Hi, I am looking to lease a 4 dr. gti or gli w/at., i am currently have around $3000 in negative equity, I was looking to put about $1500 dwn, need 15k/yr for 36 mos.,have no clue what to expect- this is my first lease. Does anyone have any idea what payments should be around, etc...Thanks | |
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I am in Southern California, here is the quote I got. $2,780 drive off $310 monthly including tax. Sounds reasonable? Thanks. |
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