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Volkswagen GTI Lease Questions

202 messages,  Last post on Aug 29, 2008 at 7:15 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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#32 of 202
MF etc.. by jpierce26
Apr 24, 2006 (10:45 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
#33 of 202
GTI Mk V Manual w/ Package 2 by racerx00
May 01, 2006 (3:49 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!
#34 of 202
Re: GOOD DEAL [rowflyrs] by Car_man HOST
Jun 04, 2006 (8:28 am)
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Replying to: rowflyrs (Apr 19, 2006 10:35 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 202
Re: MF etc.. [jpierce26] by Car_man HOST
Jun 04, 2006 (8:47 am)
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Replying to: jpierce26 (Apr 24, 2006 10:45 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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#36 of 202
Re: GTI Mk V Manual w/ Package 2 [racerx00] by Car_man HOST
Jun 04, 2006 (8:58 am)
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Replying to: racerx00 (May 01, 2006 3:49 pm)

Thanks racerx00 . You aren't getting much of a discount on this car. Have you tried shopping around a little to see if any other dealers in your area are willing to give you a better deal? I would if I was in your shoes. Also, this car's June money factor is much lower than the one that you were quoted for May. 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 54%, respectively.
 
Car_man
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#37 of 202
2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? by timdaog
Jun 05, 2006 (3:43 pm)
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This is what the dealer gave me today:
 
Car: 2006 GTI 2.0L w/ pkg 2, 18" wheels, candy white, transaction to be in linden, new jersey
Price: $26,534
Lease: 36 month, 15k miles
Down Payment: $7500 (trade-in of 2001 GTI VR6 w/ 76k miles
   good to fair condition)
Monthly Payment: $288
 
Using the lease calculator I estimated the money factor and residual value to be 0.003 and 54% respectively.
 
Is this a good deal? Any more info needed please let me know. Thanks.
 
Tim
#38 of 202
2006 Golf GLS 4 door Leases by vwvw1
Jun 14, 2006 (5:59 pm)
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I'm interested in leasing a 2006 Golf and would like to know the MF and Residual for 3yr/12k, 3yr/10k and 3yr/15k. Since it's the older body style anyone know what kind of pricing I can expect? Are there any rebates/incentive? The MSRP is $20,600 and invoice is $19,200.
 
Thanks in advance!!
#39 of 202
VW Credit Tiers by jperedo
Jun 19, 2006 (10:11 pm)
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Hello!
Would you happen to know the money factors for the individual VW credit tiers?
Also, what combination of credit score and income is required for each?
#40 of 202
Re: 2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? [timdaog] by Car_man HOST
Jun 26, 2006 (3:00 am)
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Replying to: timdaog (Jun 05, 2006 3:43 pm)

Hi Tim. You definitely should not make such a large down payment when leasing. If your leased GTI (sweet car by the way) is totaled in an accident or stolen and never recovered, your down payment essentially disappears. You can still trade in your current GTI if you want the convenience that doing so provides. Just have the dealer that you are working with cut you a check for it rather than using the proceeds as a capitalized cost reduction for your lease.
 
I would be happy to give you my opinion of this deal, but it would be a big help if you would provide me with this car's full MSRP first. This number will show me how much of a discount you are being given on it and will enable me to use VW Credit's actual lease program to estimate what your monthly payment should be.
 
Speaking of VW Credit's lease program, if you were to lease an '06 GTI 2.0L through it right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00198 and 54%. Make sure that you aren't being charged a money factor that is any higher than this.
 
Car_man
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#41 of 202
Re: 2006 Golf GLS 4 door Leases [vwvw1] by Car_man HOST
Jun 26, 2006 (3:05 am)
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Replying to: vwvw1 (Jun 14, 2006 5:59 pm)

Hello vwvw1. If you were to lease a 2006 Volkswagen Golf GLS 2.0L 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 .00077 and 53%, respectively. This car's 12,000 miles per year residual value would be 2% higher and its 10,000 mile per year residual would be 3% higher (than the 15K residual). I don't believe that Volkswagen is providing any cash incentives on this car right now.
 
Car_man
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