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Volkswagen GTI Lease Questions

199 messages,  Last post on Aug 05, 2008 at 7:25 PM

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


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#57 of 199
Deal or no Deal: 2007 VW GTI by techcho
Jul 29, 2006 (10:21 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 199
07 Rabbit Lease by chris62
Aug 04, 2006 (5:51 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 199
2006 GTI w/ 18" Wheels by cliffcortes
Aug 06, 2006 (2:55 am)
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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 199
Re: NYC lease of gti or rabbit [storrnyc] by Car_man HOST
Aug 08, 2006 (2:49 am)
Reply

Replying to: storrnyc (Jul 21, 2006 10:59 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
Host
Prices Paid Forum
#61 of 199
Re: Deal or no Deal: 2007 VW GTI [techcho] by Car_man HOST
Aug 08, 2006 (2:59 am)
Reply

Replying to: techcho (Jul 29, 2006 10:21 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
Host
Prices Paid Forum
#62 of 199
Re: 07 Rabbit Lease [chris62] by Car_man HOST
Aug 08, 2006 (3:03 am)
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Replying to: chris62 (Aug 04, 2006 5:51 pm)

Greetings Chris. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Rabbit 4-Door with 15,000 miles per year are .00319 and 54%, respectively. Since Volkswagen is really not providing much in the way of lease support on this car, its money factor is still high. It's just not quite as high as the one that you were quoted. You may be able to get an idea of how much you will have to pay for this car right now by visiting the following discussion: "Volkswagen Rabbit: Prices Paid and Buying Experiences".
 
Car_man
Host
Prices Paid Forum
#63 of 199
Re: 2006 GTI w/ 18" Wheels [cliffcortes] by Car_man HOST
Aug 08, 2006 (3:04 am)
Reply

Replying to: cliffcortes (Aug 06, 2006 2:55 am)

Hi cliffcortes. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
 
Car_man
Host
Prices Paid Forum
#64 of 199
Leasing a '07 GTI 2.0T by poops
Aug 08, 2006 (7:16 am)
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Car_man, thanks for all the help you provide on this forum.
 
Here is my situation - I'm looking to lease a 2007 GTI 2.0T, w/Package 0 - no options. I don't drive much, so I'm only looking at a 24 month, 10K a year lease. MSRP on the vehicle is $22,730. I'm sure I can get them down to $21K or better. What is the money factor and residual for this vehicle?
 
If leasing a 2007 GTI isn't favorable for me, I'm also looking at leasing an '06 GTI 2.0 that the MSRP is $26,530. It comes with 18" wheels and Package 2. I can probably get this down to $23,500 or better. With VW's lease support for the '06 models, what would the money factor and residual be for a 24 months, 10K miles lease?
 
Thanis in advance.
#65 of 199
Re: NYC lease of gti or rabbit [Car_man] by storrnyc
Aug 13, 2006 (8:31 am)
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Replying to: Car_man (Aug 08, 2006 2:49 am)

Hello Car_man
 
(i will soon make that gti jump....honest)
Here is what i was offered by the VW dealership in Wappingers Falls, NY 12590.
 
This was for a 2007 GTI Auto 2Dr United Grey with Package 2.
We didnt discuss MSRP but was told invoice price including destination was $25236(which she didnt agree to sell to but felt that i would be able to). Edmunds says MSRP on this is 26965 and Invoice is 24931(incl destination).
 
On a 36 month/12K lease, I was told the residual was 59% and the money factor 0.00319.
 
Her Monthly Base payment she calculated to $429(before tax).
 
My Initial costs she said would be $2818.43.
This Broke down as:
Acquisition fee $575
Security Deposit $450(should be zero based on it being our 4th vw lease with no security)
Tires Inspection Fee $12.50(5*$2.50 per tire)
Documentation Fee $45
Inspection fee $10
Upfront Taxes $ 1296.06 (My tax rate being 8.375%)
& First Month payment of $429.
 
Does this sound right? She is adamant the 24K invoice price that edmunds states is incorrect. I was hoping to have payments around $350. Would that mean going for a 2006? What do you feel would be the positives/negatives on going 07 Vs 06. I admit i need to read up on the slight changes between the years.
 
Thanks for any help from yourself or anyone on this.
#66 of 199
Re: Leasing a '07 GTI 2.0T [poops] by Car_man HOST
Sep 07, 2006 (3:38 am)
Reply

Replying to: poops (Aug 08, 2006 7:16 am)

You're very welcome. Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 GTI 2.0T 4-Door with 10,000 miles per year are .00312 and 68%, respectively. The money factor for the 2006 GTI 2.0T is much better, but its residual value is not as high. The numbers for an otherwise identical lease of one are currently .00180 and 63%.
 
Car_man
Host
Prices Paid Forum

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