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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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#87 of 202
March Lease Deals by kameron
Mar 05, 2007 (4:51 pm)
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Replying to: Car_man (Feb 19, 2007 3:24 am)

Hey Car_man,
 
Can you tell me the cost factor and residual I am likely to get in the Seattle, WA area at this time for the following:VW GTI 4 door with auto, navigation, leather. I am interested in a 36 month lease with no down and 15,000 miles per year. Additionally, since this is my first foray into leasing would you explain how the payment is calculated in relationship to the cost factor. Finally, and I am not quite sure I've worded this correctly, are there any special lease cash incentives being offered by VW at this time.
 
Thanks,
Kam
#88 of 202
Re: February Lease Deals? [Car_man] by tonestert
Mar 13, 2007 (11:29 am)
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Replying to: Car_man (Feb 19, 2007 3:24 am)

Hi Car Man,
Would these same rates apply to a 48 month lease for a 2007 GTI 4 door pack # 2?
 
I got a quote of .00279 and 51% for a 48 month quote.
 
Are both of these figures negotiable or are they set by VW ?
 
Also, do you know anything about Driver's Option financing that is available from VW. Would that be a better option than leasing and are the rates the same ?
 
Thanks !
#89 of 202
Delivery dates and dealer turnover. by h2o_goalie
Mar 14, 2007 (5:10 pm)
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I apologize for jumping right in with questions, but I'll be happy to share my experience once I've completed it. At this point, here are my questions:
 
1. Is there any way to find out when a dealer took delivery of a car...which would indicate how long it's been sitting on their lot? I have a copy of the vehicle invoice from the dealer I'm working with...it doesn't show any invoice prices (only MSRP), but it does show a production date of July '06 for the car and an invoice date of 8/23/06. Does that mean it's been in their posession since the end of August (i.e. sitting on the lot for almost 7 months)?
 
2. How hot a seller is the GTI right now? I'm looking at a gray/anthracite w/package 2, the 18" wheels and some other goodies. MSRP is $31,165. They made first offer at $30,287...I'm looking to get it down to about $29,250. When I countered with that number the sales guy went into the "these cars are unique and hot, I'm selling them for $2,000 over MSRP with no problem" dance. I actually laughed his MSRP+$2000 figure.
 
I love the GTI, this is the car I really want. But I don't want to get taken; the tC and Civic Si are close contenders (IMO) and each are considerably less expensive. If the GTI is 100%, the tC and Si are 95% IMO.
 
Any thoughts/opinions on the numbers these guys are throwing around? If they're legit (based on what I've read they don't seem to be...) I'll play ball, but if they're just jerking me around I'll walk and go elsewhere.
 
BTW...this is in St. Louis MO. Thanks in advance for any help y'all can give.
#90 of 202
Re: Money factor guidance? [maverick8] by Car_man HOST
Mar 22, 2007 (4:14 am)
Reply

Replying to: maverick8 (Mar 03, 2007 3:42 pm)

Hi Mav. According to the latest information that I have seen, Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 GTI 2-Door with 12,000 miles per year are .00175 and 58%, respectively.
 
Car_man
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Prices Paid Forum
#91 of 202
Re: March Lease Deals [kameron] by Car_man HOST
Mar 23, 2007 (2:27 am)
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Replying to: kameron (Mar 05, 2007 4:51 pm)

Hey Kam. I see that you're interested in the new GTI 4-Door. I really like it. I wouldn't mind driving one myself. Unfortunately, its lease program isn't that great and there is no lease cash available on it at this time, so leasing one isn't going to be cheap. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 VW GTI 4-Door with 15,000 miles per year are .00175 and 54%, respectively. You can use this info and the formula that is outlined in the following article to calculate your vehicle's lease payment: Calculate Your Own Lease Payment.
 
Car_man
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Prices Paid Forum
#92 of 202
Re: February Lease Deals? [tonestert] by Car_man HOST
Mar 23, 2007 (2:49 am)
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Replying to: tonestert (Mar 13, 2007 11:29 am)

Hi tonestert. VW Credit's 48 month lease program is different than its 36 month program. Its current buy rate lease money factor and residual value for a 48 month lease of a 2007 GTI 4-Door (sweet car by the way) with 15,000 miles per year are .00216 and 46%, respectively. These figures are set by VW Credit. Individual dealers do not have the authority vehicles' residual values. They are often allowed to mark-up vehicles' money factors to add additional hidden profit to deals, but they cannot lower banks' published factors.
 
VW Credit's Driver's Option program is what is known in the industry as a balloon note program. Balloon notes are much less popular than leases. They are usually only used over leases in states that have tax laws that make balloon notes less expensive than leases. I don't think that this car's monthly payment will be any cheaper through the Driver's Option program than it will be through the lease program.
 
Car_man
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Prices Paid Forum
#93 of 202
Re: Delivery dates and dealer turnover. [h2o_goalie] by Car_man HOST
Mar 23, 2007 (3:07 am)
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Replying to: h2o_goalie (Mar 14, 2007 5:10 pm)

Hi h2o_goalie. The GTI is selling reasonably well, but if you are in an area that has a decent level of competition you probably will be able to get one for a couple hundred dollars over invoice without too much difficulty. Try stopping by the following discussion to see how much other community members have paid for this car lately: "Volkswagen GTI: Prices Paid & Buying Experience". Dealers definitely are not getting $2,000 over MSRP for the GTI right now, unless they have come across a very terrible shopper. The Scion tC and Civic Si are nice cars, but I personally like the GTI much better than them.
 
Car_man
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Prices Paid Forum
#94 of 202
April / May Lease by timmboj
Apr 26, 2007 (10:23 pm)
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Howdy Car_Man,
 
What are the MF and Residuals on a 4-door GTI with a 24-month or 36-month lease with 15K miles per year?
 
Thanks!
#95 of 202
2007 GTI Lease by timmboj
May 03, 2007 (6:27 am)
Reply
Any MF / residual number changes for May? I'm trying to calculate a lease on a 4-door GTI using a 2-year or 3-year term with 15K miles per year.
 
Looks like their finance and lease specials of April have carried over into May.
 
Thanks!
#96 of 202
Re: April / May Lease [timmboj] by Car_man HOST
May 14, 2007 (2:50 am)
Reply

Replying to: timmboj (Apr 26, 2007 10:23 pm)

You're in luck that you didn't lease this car in April, timmboj, because its May lease program is much more attractive. Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 VW GTI 4-Door with 15,000 miles per year are .00175 and 64%, respectively. The numbers for an otherwise identical 36 month lease are .00175 and 55%. If you are in the Central or Eastern part of the U.S., VW has a special enhanced money factor of .00117 in your area.
 
Car_man
Host
Prices Paid Forum

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