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Volkswagen GTI Lease Questions

661 messages,  Last post on May 15, 2013 at 4:11 PM

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

Messages Page 5 of 67

#40 of 661 Re: 2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? [timdaog] by Car_man HOST

Jun 26, 2006 (3:00 am)

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 661 Re: 2006 Golf GLS 4 door Leases [vwvw1] by Car_man HOST

Jun 26, 2006 (3:05 am)

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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#42 of 661 Re: VW Credit Tiers [jperedo] by Car_man HOST

Jun 26, 2006 (3:07 am)

Replying to: jperedo (Jun 19, 2006 10:11 pm)
Hello jperedo. Volkswagen Credit's money factors vary depending upon the exact model that you want, how long you lease it for, and how many miles per year you are allowed to drive. If you provide me with this info I should be able to give you an idea of what its lease program is currently like for the model that you are considering.
 
Car_man
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#43 of 661 Re: 2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? [Car_man] by timdaog

Jun 26, 2006 (8:49 pm)

Replying to: Car_man (Jun 26, 2006 3:00 am)
Thanks Car_man for getting back to me. Unfortunately I could not control my urges and bit the bullet before your reply. I prob got a bad deal but I suppose u live and learn. Anyhow, I ended up putting down the trade-in as a capitalized cost ($7500). The agreed upon value was $25,810.15, which I am assuming is the MSRP. My monthly payments are $229.77 for 24 months and 15k miles a year.
 
Although I already went through the deal, your input would greatly help for future purchases. Thanks.
 
Tim

#44 of 661 Re: VW Credit Tiers [Car_man] by jjret

Jun 27, 2006 (7:58 am)

Replying to: Car_man (Jun 26, 2006 3:07 am)
I would love your help.
 
I am looking at a 2006 Passat 2.0T. Package #1 and Cold Weather Pack. I am looking to lease, 36 m, 15 k p/y.
 
Thanks

#45 of 661 Re: 2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? [timdaog] by Car_man HOST

Jul 06, 2006 (2:32 am)

Replying to: timdaog (Jun 26, 2006 8:49 pm)
No problem, Tim. If you paid full MSRP for your car you didn't get a very good deal. There's no need to let the fact that the dealer you leased from made a couple extra hundred dollars on your deal ruin the wonderful experience of getting a new vehicle, especially one that is as awesome as the new GTI. You know for next time that it is important to negotiate the selling prices of leased vehicles. Hit the road with your Fast (I want one of those things ) and enjoy.
 
Car_man
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#46 of 661 Re: 2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? [Car_man] by timdaog

Jul 06, 2006 (10:54 am)

Replying to: Car_man (Jul 06, 2006 2:32 am)
Thanks Car_man. I think it was a little under MSRP. At the time of signing he jacked the price up a few hundred. Kinda under-handed but looking at the big pic, the car is phenomenal...great to drive and earns many compliments
 
Next time I will be more aware when negotiating but for now I'm just going to enjoy my new purchase...
 
Tim

#47 of 661 2006 GTI or Rabbit lease payment info request by hpoohh

Jul 10, 2006 (1:24 pm)

Hi Car_man,
 
First of all, i would like to appreicate your help on my last 2 leases (05 MBZ C230K and 06 Toyota Sienna). My best friend is interested in the VW 06 GTI or 06 Rabbit. Could you please provide the following info?
 
1. 06 GTI, money factor and residual for 36months 12k/15k
2. 06 Rabbit, money factor and residual for 36months 12k/15k
We are located in S.California just in case there is any special promotion going on.
 
I checked VW's site and seems like both cars are on promotion.
 
I will do my own calculation once you help me w/ the info requested. I think the Bank Fee is $525, right?
 
Last question, please advise if they have multiple security deposit program to lower down money factor.
 
Thank you again and keep up the good work.

#48 of 661 Re: 2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? [Car_man] by jperedo

Jul 11, 2006 (10:47 am)

Replying to: Car_man (Jun 26, 2006 3:00 am)
Hi Car_man
 
The 2.0 GTI is what I was looking at as well. Doesn't VW have different credit tiers with different money factors based on one's FICO and income?

#49 of 661 NYC lease of gti or rabbit by storrnyc

Jul 15, 2006 (6:33 am)

Hello Mr car_man and all,
 
Please treat me with kid gloves as i try to understand the world of leasing.
 
The setting....My girlfriend currently has a 2003 jetta on a 48 month drivers option lease with only 5 monthly payments to go. This particular car has just less than 20K on the clock and has probably about $500 of bodywork that needs to be repaired(smashed side mirror and a couple of dents etc). She is paying $235 and the car has a buyout price of approx 10.6K.
 
The Options....We test drove both the GTI and the Rabbit. We were quoted monthly lease prices on both but personally i had no idea about the methodology of calculating these prices. The GTI came to about 475 for automatic with package 2 at approx 28K MSRP and the Rabbit we were quoted 270 a month for a 4 door with sunroof which came to approx 19.7 MSRP.
 
The workings....I believe that im understanding the methodology to calculate the lease price but the bit im finding difficult to understand is on what costs are upfront Vs what should be in the total capitalized cost. I think sales tax is the one that i seem to be getting conflicting advice from various websites and dealers. If and when i strike a deal in nyc or ny do i pay the total cost of the cars sales tax upfront or is it rolled into the cpaitalized cost? What about taxes titles etc?
 
When i do return the showroom ill most certainly be negotiating this cap cost down to whatever i can get but would also appreciate if you knew the current money factor and residual value on these two models...btw does the jetta gli have a better deal than these two right now? We are looking to have a deal fo either 24m/10K or 36m/10K.
 
Many Thanks for all your helping on this newbie question..

Messages Page 5 of 67

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