- #26 of 270
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Re: Volkswagen Golf: Lease Questions [subiedubie]
by Car_man HOST
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Apr 13, 2006 (3:44 pm)
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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
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- #27 of 270
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Re: Volkswagen Golf: Lease Questions [lostinatl]
by Car_man HOST
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Apr 13, 2006 (3:49 pm)
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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
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- #28 of 270
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Re: Volkswagen Golf: Lease Questions [Car_man]
by invaliduser
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Apr 13, 2006 (4:00 pm)
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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
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- #29 of 270
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Re: 2006 GTI MkV DSG Lease question [trdmatrix88]
by Car_man HOST
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Apr 14, 2006 (4:14 am)
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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
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- #30 of 270
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Re: Good Deal? [irebound]
by Car_man HOST
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Apr 14, 2006 (4:32 am)
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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
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- #31 of 270
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GOOD DEAL
by rowflyrs
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Apr 19, 2006 (9:35 am)
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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.
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- #32 of 270
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MF etc..
by jpierce26
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Apr 24, 2006 (9:45 am)
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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
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- #33 of 270
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GTI Mk V Manual w/ Package 2
by racerx00
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May 01, 2006 (2:49 pm)
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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!
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- #34 of 270
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Re: GOOD DEAL [rowflyrs]
by Car_man HOST
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Jun 04, 2006 (7:28 am)
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Replying to: rowflyrs (Apr 19, 2006 9:35 am)
Hi rowflyrs. If you were to lease a 2006 Volkswagen GTI 1.8T through VW Credit right now for 36 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00140 and 55%, respectively. Neither of these items are negotiable, but make sure that the dealer you are working with does not mark your car's money factor up to add additional hidden back-end profit to your deal. I would be happy to calculate what this car's lease payment should be for you, but in order for me to do so I need you to provide me with its full MSRP (with the destination charge added in). Let me know and I'll do some calculations.
Car_man
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- #35 of 270
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Re: MF etc.. [jpierce26]
by Car_man HOST
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Jun 04, 2006 (7:47 am)
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Replying to: jpierce26 (Apr 24, 2006 9:45 am)
Welcome back jpierce26. $300 over invoice is a great price for this car. If you were to lease a 2006 Volkswagen GTI 1.8T through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00140 and 52%, respectively.
Car_man
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