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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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#235 of 271
Lease a GTI in Atlanta by GTIGR
Jan 17, 2009 (12:37 pm)
Reply
Here's a first offer I got in Atlanta for an '09 GTI, 2DR, manual, PWR sunroof, 18" Huf, premium sound
  
Lease term: 36 months/12k miles
Offer: $23,500
Rate: .00105
Resid: $12,719
Down: $2000
$345/month
 
I'm also thinking of adding the excess wear warranty for ~$550. Carman, does this sound like a good deal?
#236 of 271
Re: Lease a GTI in Atlanta [GTIGR] by GTIGR
Jan 20, 2009 (11:24 am)
Reply

Replying to: GTIGR (Jan 17, 2009 12:37 pm)

Here's a more recent quoteI got
Lease term: 36 months/12k miles
MSRP: $25.139
Offer: $22.600
Rate: .00105
Resid: .53
Down: $0
$340/month
 
It seems there's more room to push the offer down if I wait a bit more. Does anyone know whether VW credit will change its lease program for February?
#237 of 271
Re: Jan 09 MF and Residual [tom_c] by Car_man HOST
Jan 26, 2009 (3:54 am)
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Replying to: tom_c (Jan 12, 2009 8:34 am)

Hi Tom. Here's the information that you're looking for. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 GTI 2 Door with 12,000 miles per year are .00105 and 53%, respectively. The money factor for an otherwise identical lease of a 4 Door GTI is exactly the same, but its residual value is 1% lower.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#238 of 271
Re: Lease a GTI in Atlanta [GTIGR] by Car_man HOST
Jan 26, 2009 (4:16 am)
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Replying to: GTIGR (Jan 17, 2009 12:37 pm)

Hi GTIGR. It's excellent that you know what this car's selling price is. The selling price is the single most important number to find out when leasing. The problem is, we don't have anything to compare it with. You need to find out what this car's MSRP or dealer invoice price are so that we can see how much of a dealer discount you are being given on this car. You can find out the MSRP by asking the dealer or look up both of these numbers over in the New Vehicle Pricing section of Edmunds.com.
 
The other main profit center for dealers besides cars' selling prices is their money factors. Dealers are often allowed to mark up vehicle's factors to add additional, hidden back-end profit to deals. The money factor that you were quoted for the GTI that you want is right in line with VW Credit's buy rate for this model. So it looks good.
 
I personally always pass on excess wear and tear warranties on leases. In all of my years of leasing, I have never been charged an excess wear and tear penalty of $500.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#239 of 271
Re: Lease a GTI in Atlanta [GTIGR] by Car_man HOST
Jan 26, 2009 (4:17 am)
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Replying to: GTIGR (Jan 20, 2009 11:24 am)

GTIGR, VW Credit's current lease program is scheduled to run through February 2nd. It is difficult to say at this point how different, if at all, its new February program will be.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#240 of 271
Re: Feb GTI Numbers? by brendanm14
Feb 04, 2009 (7:25 am)
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Replying to: Car_man (Jan 26, 2009 4:17 am)

Any idea what the money factors and the residuals are for a 2dr and 4dr. GTI with DSG and Sunroof for February?
 
Thanks.
#241 of 271
Re: Feb GTI Numbers? [brendanm14] by GTIGR
Feb 04, 2009 (7:35 am)
Reply

Replying to: brendanm14 (Feb 04, 2009 7:25 am)

It seems they are the same as Jan... see message #237
#242 of 271
March GTI numbers by z2adambomb
Mar 23, 2009 (9:49 am)
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Hey carman,
could you please post the MF and residual for a 4 door GTI for a 36mo 12k/yr (15k too) lease? thanks!
 
For others looking at GTI's I was quoted the following offer in Durham, NC:
black 4 door, 6spd man, ipod adapter (no other options)
~24,450 MSRP
buy price ~22,250
$1500 out the door cost up front (all taxes and fees included)
$285/mo
I just want to check the numbers myself, this seems like a pretty solid lease, though I hope to get a little lower.
#243 of 271
Re: March GTI numbers [z2adambomb] by Car_man HOST
Mar 24, 2009 (2:24 am)
Reply

Replying to: z2adambomb (Mar 23, 2009 9:49 am)

Here you go, z2adambomb. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 GTI 4 Door with 15,000 miles per year are .00113 and 48%, respectively. The residual values for a lease with only 12,000 miles per year are 2% higher.
 
Thanks for taking the time to share the offer that you were given with others.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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