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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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#224 of 271
Weak 1st Offer - '09 by spagball
Dec 13, 2008 (4:32 pm)
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OK, just so you have an idea of what "first offers" are looking like in MD:
'09 GTI, 4DR, DSG (A/T), Autobahn pkg, PWR sunroof, 18" Huf, iPod
 
MSRP: $28,739
Offer: $28,400
Rate: .00225
Resid: 53%
Down: $0
$435/mon
 
I know, that's what I said. Crazy.
 
Carman & kyfdx any new #'s on GTIs since Nov? This deal seems really off to me.
#225 of 271
Re: Lease question [billdct] by Car_man HOST
Dec 14, 2008 (3:34 pm)
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Replying to: billdct (Dec 02, 2008 4:27 am)

Hello billdct. Unfortunately, Volkswagen is not currently providing any cash incentives on the 2009 GTI in your area.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#226 of 271
Re: Weak 1st Offer - '09 [spagball] by Car_man HOST
Dec 14, 2008 (3:42 pm)
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Replying to: spagball (Dec 13, 2008 4:32 pm)

Hi spagball. Excellent choice in cars. I've always loved the GTI. The money factor that you were quoted for this car is too high. Volkswagen Credit's December buy rate lease money factor for a 2009 GTI 4-door is only .00156. This means that either your credit is not in very good shape, or that the dealer that you are working with is attempting to mark your car's money factor up to add additional profit to your deal, probably the latter.
 
Furthermore, a dealer discount of only $300 is a joke. I realize that this car does not have a huge dealer margin built in, but come on. If you are in an area that has a decent level of competition, you should be able to do better than this. Shoot for a couple hundred dollars over dealer invoice and see what happens. You can look up the exact invoice price for this model over in the New Vehicle Pricing section of this site.
 
The residual value that you were quoted is correct for a lease with 15,000 miles per year though.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#227 of 271
Re: Weak 1st Offer - '09 [Car_man] by billdct
Dec 15, 2008 (6:01 am)
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Replying to: Car_man (Dec 14, 2008 3:42 pm)

I don't know what the rules are here but I can point you to a VW dealer and internet salesman near Philly that does great internet pricing. I travel a couple of hundred miles from CT to get his deals
#228 of 271
Re: Weak 1st Offer - '09 [Car_man] by spagball
Dec 16, 2008 (9:42 pm)
Reply

Replying to: Car_man (Dec 14, 2008 3:42 pm)

Thanks Car man, as always. That offer was what the dealer called a "national average". I think they were just testing to see if I was completely brain-dead. I simply quoted many of the offers from this forum, the lease analyzer over at leaseguide.com (great tool for little $), and used the example of a lease I just got for my wife on a Lex IS250 AWD for $75 less a month and only $500 down. Not to mention we both have 800+ FICO. PS, I worked up the same car on the VW site and it came in less than what their $300 discounted one was.
 
W/in 24 hrs. I received the "very aggressive offer" below:
39 mons
tax, tags, & $500 ($2321 tot) [6% tax in my area]
first payment by them
$339.82/mon
 
So we went from $435 to $339.82 in two days. I'm still not keen on anything down (esp. since it's still sign & drive). And if the VW Credit is .00156 for Dec and considering we only need 10K miles/yr, I might be able to get something even more attractive based on the residuals.
 
Big ups to you Car man and Edmunds. You and this forum have hooked me up large on my Lex lease and of course this GTI one. It's great to get some confirmation on what I already knew seemed shady. More power to the people!
#229 of 271
Follow Up - Final Deal by spagball
Dec 30, 2008 (10:12 am)
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Just wanted to put the up the final numbers to the deal I closed last night on my GTI. I'm pretty happy with what I got and after my first counter on their first offer the dealership was very upfront, fair and posted what I feel was their best offer.
 
Deal was on '09 GTI, 4DR, DSG (A/T), Autobahn pkg, PWR sunroof, 18" Hufs, & iPod.
Price - $26,665.00
Rate - .00156 (thanks Car_man)
39 mons
$2321 - tax, tags, & dest. (which they cut $100 off on dest.) [6% tax in my area]
first payment by them
$339.82/mon
 
I think it worked out well and it's a beautiful Tornado red.
#230 of 271
Re: Weak 1st Offer - '09 [spagball] by Car_man HOST
Dec 31, 2008 (3:34 am)
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Replying to: spagball (Dec 16, 2008 9:42 pm)

You're very welcome, spagball. I'm glad that you've found Edmunds so helpful.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#231 of 271
Re: Follow Up - Final Deal [spagball] by Car_man HOST
Dec 31, 2008 (3:36 am)
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Replying to: spagball (Dec 30, 2008 10:12 am)

Ahhh I see that you've finalized the deal. This car will be a blast for $340 per month. You got it in the hot red color as well. Now I hate you because I want this car . Thanks for taking the time to report back and let us all know how everything turned out. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well.
 
Happy New Year and enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#232 of 271
Jan 09 MF and Residual by tom_c
Jan 12, 2009 (8:34 am)
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Hello Car_man
 
Could you please provide the MF and residual for the 09 GTI at 36 months/12k miles per year?
Thanks for your time.
#233 of 271
Re: Jan 09 MF and Residual [tom_c] by tom_c
Jan 16, 2009 (9:04 am)
Reply

Replying to: tom_c (Jan 12, 2009 8:34 am)

Bumpity Bump

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