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Volkswagen GTI Lease Questions

200 messages,  Last post on Aug 14, 2008 at 3:39 AM

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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#182 of 200
Re: 08 GTI [Car_man] by flim_flamini
May 30, 2008 (8:16 pm)
Reply

Replying to: Car_man (May 28, 2008 3:17 am)

Hey Car_man,
You seem like the go to guy in these forums. I'd be really appreciative if you could provide me with the current buy rate lease money factor and residual value for a 36 month lease on a 2008 GTI 4door with 12,000 miles. Also, how far under MSRP is a good deal. Is it possible to get invoice or below?
 
The dealer quoted me a .002 money factor. Is this correct? FYI, I'm located in TX (not sure if that makes a difference).
 
Hope to hear from you soon!!
#183 of 200
Re: 08 GTI [flim_flamini] by flim_flamini
Jun 02, 2008 (7:45 pm)
Reply

Replying to: flim_flamini (May 30, 2008 8:16 pm)

Hey sorry to pester, but just wondering if anyone knew...?
#184 of 200
R32 Lease by sciopth
Jun 12, 2008 (9:00 pm)
Reply
Hey Gang
 
Thought I'd share my R32 lease info in case it is useful:
 
Blue / no Nav
12k miles
36 months
$380 / month + tax
1st month paid
nothing down
 
Dealer claimed they weren't making any money on the deal. Who knows, but it seemed fair after a lot of back and forth. Hope this helps you.
#185 of 200
Re: R32 Lease [sciopth] by kyfdx HOST
Jun 12, 2008 (9:03 pm)
Reply

Replying to: sciopth (Jun 12, 2008 9:00 pm)

That looks like a great deal.. Much better than what my local dealer advertises...
 
Watch your speed!!
#186 of 200
Re: 08 GTI [flim_flamini] by Car_man HOST
Jun 17, 2008 (2:46 am)
Reply

Replying to: flim_flamini (May 30, 2008 8:16 pm)

Here's the info that you're looking for, flim_flamini. The money factor that you were quoted is way too high. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 GTI 4-Door with 12,000 miles per year are .00085 and 53%, respectively. Volkswagen is currently providing a $500 cash incentive on leases of this car through VW Credit. If I was in the market for one right now and I was in an area that had a decent level of competition, I personally would shoot for a selling price of around $500 over dealer invoice, which is really right around invoice once the $500 incentive is taken into account. Make sure to stop by the "Volkswagen GTI Prices Paid and Buying Experience" discussion for additional feedback on GTI pricing.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#187 of 200
Re: R32 Lease [sciopth] by Car_man HOST
Jun 17, 2008 (3:03 am)
Reply

Replying to: sciopth (Jun 12, 2008 9:00 pm)

Awesome car, sciopth. Thanks for taking the time to share the details of your lease with everyone. Examples like this are always helpful for other community members who are in the market for similar vehicles. Make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride...I know that I would .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#188 of 200
Re: 08 GTI [Car_man] by flim_flamini
Jun 17, 2008 (11:51 am)
Reply

Replying to: Car_man (Jun 17, 2008 2:46 am)

Hi Car_man,
Thanks for the info. Here is the deal I was quoted this past saturday on a 36 month lease with 12k miles/month:
GTI 4 door manual w/ autobahn pkg.
MSRP $28,269
Dealer Offer $27,155
Residual: 53%
MF: .00125 (He agreed that .00085 was the base rate but despite qualifying credit- they need to make a profit and will only go as low as .00125)
 
With TTL + dealer fees the monthly payments come out to $484/month
I know it only comes out to a few hundred dollars over the lease term but I feel they should give me the base money factor.
 
You said in your reply that bc of the $500 lease cash, I should shoot for $500 over invoice. If there is the $500 offered, should I be aiming for a deal at invoice or under?
 
Also, one last thing. I noticed that VW is offering 0% apr on all '08 models for the rest of the month. Do you know if that applies to the VW Driver's Option plan? If it does, I feel that would be the best way to go.
 
Thanks!
#189 of 200
RE: 2008 GTI 4 Door Automatic by mmenard
Jun 17, 2008 (7:46 pm)
Reply
I just got an offer on a GTI 4-door automatic with sunroof package (not the autobahn) approx. $27 000 msrp for $24850. I know this doesn't include tax, but what other fees are not included. Want to use this number to determine a lease payment:
12k, 36 months, 53% residual, money factor of .00085, -500 VW cash back and $2000 down. (tax here is 8.25%).
 
I come up with $275.50 tx incl. What am I missing?
#190 of 200
Re: 08 GTI [flim_flamini] by mmenard
Jun 22, 2008 (8:55 pm)
Reply

Replying to: flim_flamini (Jun 17, 2008 11:51 am)

Hey man, that sounds like a terrible deal. I got offered for a GTI 4 door, with the moonroof package (not autobahn), MSRP $27500, 36 month lease $312/ month plus tax and I walked away because I saw on this forum someone got it for $305 tx incl. $484 sounds really high.
 
Just my opinion.
#191 of 200
GTI-4 door lease by mmenard
Jun 22, 2008 (9:08 pm)
Reply
Here's the offer I got: 2008 GTI 4-door, moonroof package (not autobahn)
 
$24859 plus tx and fees
$2000 down, 36-month, 12k miles
$312/month plus tx.
 
Any opinions? Anyone do better?

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