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Volkswagen GTI Lease Questions

270 messages,  Last post on Dec 04, 2009 at 9:57 PM

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What is this discussion about? Volkswagen Golf, Car Leasing, Hatchback

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#24 of 270 2006 GTI MkV DSG Lease question by trdmatrix88 Apr 04, 2006 (8:07 am)
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. Replies to this message: Car_man (Apr 14, 2006 4:14 am)
#25 of 270 Good Deal? by irebound Apr 10, 2006 (8:25 am)
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? Replies to this message: Car_man (Apr 14, 2006 4:32 am)
#26 of 270 Re: Volkswagen Golf: Lease Questions [subiedubie] by Car_man HOST Apr 13, 2006 (3:44 pm)
Replying to: subiedubie (Mar 26, 2006 7:31 am) Excellent choice, subiedubie. The latest object of my desire is the Volkswagen GTI. It's a neat car. I was at the press days for the New York Auto Show this week and VW had a cool display for it, complete with a man-size "Fast." I need to get one of those things . If you were to lease a 2006 Volkswagen GTI 1.8T through VW Credit right now for 36 months with 12,000 miles per year,, its buy rate lease money factor and residual value should be .00140 and 55%, respectively. The numbers for an otherwise identical 48 month lease of this car should be .00186 and 48%. Using these numbers, an MSRP of $26,530 and a selling price of $23,500, I estimate that this car's zero down, pre-tax monthly payments should be around $301 for 36 months and $292 for 48 months. If you opt to have your car's security deposit waived, which I personally would not do, the money factors that are used to calculate this car's lease payment would be .00015 higher. You can either add VW Credit's $575 acquisition fee into your car's cap cost, pay it at signing, or have it waived in exchange for a .00060 money factor increase.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: invaliduser (Apr 13, 2006 4:00 pm)
#27 of 270 Re: Volkswagen Golf: Lease Questions [lostinatl] by Car_man HOST Apr 13, 2006 (3:49 pm)
Replying to: lostinatl (Mar 26, 2006 11:49 am) You're welcome, lostinatl. Congratulations on your new car! Enjoy it (it's a good one so I know you will).   Car_man Host Smart Shopper / Prices Paid Forums
#28 of 270 Re: Volkswagen Golf: Lease Questions [Car_man] by invaliduser Apr 13, 2006 (4:00 pm)
Replying to: Car_man (Apr 13, 2006 3:44 pm) Car_man, I think you quoted 1.8T money factors and residuals by accident. Your suggestions on the security deposit and the acquisition fee are golden. Are these numbers (acq and sec deposit) the same on the 2.0T?   Thanks, IU
#29 of 270 Re: 2006 GTI MkV DSG Lease question [trdmatrix88] by Car_man HOST Apr 14, 2006 (4:14 am)
Replying to: trdmatrix88 (Apr 04, 2006 8:07 am) Hi trdmatrix88. You definitely should not lease a car for 60 months. That's way too long. A lot can change in your life to cause you to need to get out of your car before the scheduled end of a five year lease...and doing so is almost always expensive. Your family situation could change causing you to need a larger vehicle, your commute could change causing you to go way over your mileage allowance, you could just plain get sick of your car, etc... Not to mention the fact that the interest rates for a 60 month loan would be more than double the rates for a 36 month or even a 48 month lease. In fact, I'm not even sure if VW Credit leases vehicle for 60 months. I've never seen any information on 60 month leases through it.   Car_man Host Smart Shopper / Prices Paid Forums
#30 of 270 Re: Good Deal? [irebound] by Car_man HOST Apr 14, 2006 (4:32 am)
Replying to: irebound (Apr 10, 2006 8:25 am) Hi irebound. The selling price that you were quoted for this car looks reasonable to me, and the money factor looks good as well. If you like the car, and I don't see how you couldn't , you may want to go ahead with this deal. For additional feedback on this selling price, make sure to stop by the following discussion: "Volkswagen GTI: Prices Paid & Buying Experience".   Car_man Host Smart Shopper / Prices Paid Forums
#31 of 270 GOOD DEAL by rowflyrs Apr 19, 2006 (9:35 am)
Hi Car Man, I am interested in leasing a 2006 GTI. Dealer quoted me a cost of $25,870? What should be the present residual on this car? Is it negotionable? He quoted me with $2200 down and 415/month for 36 months, 10,000 miles per year. I realize that this well above market, where should the monthly payments range? Thanks. Replies to this message: Car_man (Jun 04, 2006 7:28 am)
#32 of 270 MF etc.. by jpierce26 Apr 24, 2006 (9:45 am)
Hi Car_man,   I hope you are well. Glad to see you are still around... You helped me a couple years ago with my VW. I think it is time for me to ask for some more help.   I am looking at the 2006 VW GTI with option #2 and NAV. Looks like the MSRP is about $27,580 (Base, Dest, Package #2, NAV)   The dealer I have been working with is giving me $300 over invoice off the bat, didn't need to negotiate anything. This makes the car cost me $25,646.   What would the MF and residual be for a 3 year lease. I tried to use some of your other numbers above, but not sure if they are correct for this month. I have .57 and .00215 which makes a $390.17 payment.   Can I assume those numbers or are there updated numbers?   Thanks,   JP Replies to this message: Car_man (Jun 04, 2006 7:47 am)
#33 of 270 GTI Mk V Manual w/ Package 2 by racerx00 May 01, 2006 (2:49 pm)
Hello Car_Man, you are a hero to car buyers everywhere!   Well me anyways..   This is the deal my dealer is giving me on an '06 GTI MK V w/ Package 2 and no additional goodies:   MSRP: 25,780 Price: $25,100 Money down: $1250 (+tax and DMV) Term: 36 Month/12k a year Money: 0.00215 Residual: 54% Monthly Payments: $339   How am I doin here? He seems to be pretty confident I wouldn't be able to get better numbers elsewhere. Thanks Car_Man! Replies to this message: Car_man (Jun 04, 2006 7:58 am)

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