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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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#52 of 271
Re: 2006 GTI or Rabbit lease payment info request [hpoohh] by Car_man HOST
Jul 20, 2006 (2:18 am)
Reply

Replying to: hpoohh (Jul 10, 2006 12:24 pm)

You're welcome, hpoohh. If your friend leases 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 .00103 and 51%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 2% higher. If your friend leases a 2006 Rabbit 4-Door model through VW Credit for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00319 and 54%. Again, the 12k residual is 2% higher. VW Credit;s lease acquisition fee is currently $575.
 
I know that VW Credit provides a money factor reduction for consumers who pay for their entire leases in advance, but I am not sure if it has a multiple security deposit program.
 
Car_man
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#53 of 271
Re: 2006 GTI Pkg 2 Manual w/ 18" Wheels...a good deal? [jperedo] by Car_man HOST
Jul 20, 2006 (2:24 am)
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Replying to: jperedo (Jul 11, 2006 9:47 am)

Hey jperedo. You definitely need to have decent credit to lease through Volkswagen Credit, but if I am not mistaken it uses the pass/fail system of approving consumers for leases like BMW Financial Services does rather than the tiered money factor approach that Honda Finance uses.
 
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#54 of 271
Re: NYC lease of gti or rabbit [storrnyc] by Car_man HOST
Jul 20, 2006 (2:36 am)
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Replying to: storrnyc (Jul 15, 2006 5:33 am)

Hi storrnyc. At lease signing, VW Credit consumers are required to pay their vehicle's first month's payment, a security deposit that is equivalent to their payment rounded up to the nearest $25 increment, a $575 acquisition fee, and any required state taxes or fees. Consumers can also pay a capitalized cost reduction, aka down payment, at lease signing, but I always advise against doing so. The reason why I discourage making down payments on leases is if one's leased vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.
 
Different states use different methods for calculating sales tax on leased vehicles. I am not personally familiar with how sales tax is calculated on leased vehicles in New York, but you may be able to find out how it is done by visiting one of the following sites: New York State Department of Motor Vehicles Internet Office or New York State Department of Taxation and Finance.
 
Let's take a look at these cars' current lease programs. If you were to lease a 2006 Volkswagen GTI 1.8T through VW Credit right now for 24 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00103 and 62%. The numbers for an otherwise identical 36 month lease should be .00103 and 54%. If you were to lease a 2006 Volkswagen Rabbit 4-Door through VW Credit right now for 24 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00319 and 64%. The numbers for an otherwise identical 36 month lease should be .00319 and 57%. Lastly, the 24 and 36 month, 10k numbers for the '06 Jetta GLI should be .00086 / 64% and .00143 / 54%.
 
Let me know if you have any other questions.
 
Car_man
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#55 of 271
Re: NYC lease of gti or rabbit [Car_man] by storrnyc
Jul 21, 2006 (9:59 am)
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Replying to: Car_man (Jul 20, 2006 2:36 am)

Hi Car-man
 
thanks for all your help on the taxes and upfront costs.
 
apologies for a further request but i think i may be in need of 12K per year.
 
Could you tell me the money and residual for the follwing:
GTI 2.0L 10K/12K 24/36
rabbit 12K 24/36
GLI 12K 24/36.
 
Many many thanks you are a star.
#57 of 271
Deal or no Deal: 2007 VW GTI by techcho
Jul 29, 2006 (9:21 pm)
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Sir, any help would be greatly appreciated.
 
I am looking to buy a newly released '07 model VW GTI.
In Scottsdale, Arizona they have recieved a couple in their dealerships, and I got dealer offer for a '07 that is
expected with their next shipment. (within a week.)
exactly the specs I want. This is the first offer
he gave me and said he couldn't go lower.
Should I still try and go lower.. if so how much do you think.
 
2007 Volkswagen GTI, Auto(DSG), United Grey, no packages, 18" wheel upgrade.
The offer from the dealer was that I can put a deposit on
the car so that no dealer add-ons happen once the car arrives.
He offered me $800 above invoice, which sounds like a good deal for a newly released '07, but the out-the-door price seems high.
 
Invoice price: $22,707
MSRP: $24,555
-----------------------
Invoice price: $22,707
Mark-up: $800
Phoenix dealer advertising fees: $200
interest reserve???: $142
port prep: $25
                               ----------
total before tax(8.0%?): $23,874
 
+ tax + plates + doc fee $26,600 OTD.
 
I am new to Arizona and don't know what the
plates cost as well as the doc fee.
I already have a AZ plate I can transfer from my
old car. Does that mean I don't have to pay the plate fees??
 
I read in many places that buyers of the GTI in
arizona paid less than this for their '06's
Is this a decent deal considering the car is just
arriving, or should it not matter since it is not
a redesign year for the GTI??
 
Thanks for your time!
DC from Arizona.
#58 of 271
07 Rabbit Lease by chris62
Aug 04, 2006 (4:51 pm)
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Having trouble figuring the MF on VW's current Rabbit lease promotion. I'm trying to negotiate a similar lease on a Rabbit with the addition of a sunroof and 15k instead of 12k. The MF quoted by the dealer is .00375 which seems high. I'm prepared to go down to 12k to return to a more similar lease to the promotion, but I need to know exactly to what I'm returning.
 
What is the MF of the current VW Rabbit promotion (MSRP 15620, 36 mo., $1250 down, $226/mo.)?
With the Rabbit's invoice price within $720 of the MRSP, is much negotiation down reasonable?
 
Much thanks,
Chris
#59 of 271
2006 GTI w/ 18" Wheels by cliffcortes
Aug 06, 2006 (1:55 am)
Reply
Just got back from Corona VW in CA.
I was offered $3,000 down and $311 monthly (tax included) for a base model 2006 GTI.
Well, it actually does have the 18" wheels.
Was this a good deal?
#60 of 271
Re: NYC lease of gti or rabbit [storrnyc] by Car_man HOST
Aug 08, 2006 (1:49 am)
Reply

Replying to: storrnyc (Jul 21, 2006 9:59 am)

No problem, storrnyc. Here's the information that you're looking for. Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2006 GTI 2.0L with 12,000 miles per year are .00180 and 62%, respectively. The numbers for an otherwise identical 36 month lease should be .00180 and 55%. VW Credit's 24 month / 12k money factor and residual for the 2006 Rabbit 4-Door are .00319 and 63%. Its 36 month / 12k numbers are .00319 and 56%. Lastly, VW Credit's 24 month / 12k numbers for the '06 Jetta GLI are .00086 / 63%. Its 36 month / 12k numbers are .00143 / 53%. If you were to lease any of the aforementioned vehicles with only 10,000 miles per year their residual value would be 1% higher.
 
Car_man
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#61 of 271
Re: Deal or no Deal: 2007 VW GTI [techcho] by Car_man HOST
Aug 08, 2006 (1:59 am)
Reply

Replying to: techcho (Jul 29, 2006 9:21 pm)

Hi DC. Volkswagen is not currently providing any lease support on the 2006 GTI. If I was in the market for one I personally would either lease a 2006 model or wait until Volkswagen inevitably introduces lease support on the 2007 model. Having said this, $800 over dealer invoice is a reasonable price for this car. This doesn't look like a true $800 over dealer invoice though because the dealer is trying to pass on a couple of fees to you. It's more like $1,142 over invoice which is only so-so.
 
I am not familiar with Arizona's laws on the transfer of license plates, but you may be able to find out more information on this subject by visiting the following site: Arizona Motor Vehicle Division.
 
Car_man
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