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Volkswagen Jetta Lease Questions

1578 messages,  Last post on May 20, 2013 at 1:03 PM

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What is this discussion about? Volkswagen Jetta, Car Leasing, Sedan, Wagon

Messages Page 158 of 158

#1569 of 1578 Weekend drive-off lease. No signed contract? by btag1

Apr 28, 2013 (3:34 pm)

Saturday night around closing time I went to my local New Jersey Volkswagen dealer to lease a Jetta Se 2.5L. At the time I was unaware of a convenience package for this particular model. Our parties verbally agreed on a monthly payment that seemed adequate 185/month 12k miles with $2000 down.
 
P.s. How is the deal? what is a good deal in this case? I'm going back to the dealer on Monday to sign the contract.
-Thanks

#1570 of 1578 2013 VW Passat SE w/sunroof lease by d_train2013

May 03, 2013 (6:45 pm)

Carman--last weekend (April 28th) I signed a lease for a new Passat SE with sunroof for 36 months, 12K miles/year. MSRP 26,640. The price I negotiated over email was 255/month with 0 money down except for 1st payment. The gross capitalized cost was 22,893. When I got to the dealer and they checked my credit (700 FICO), the finance manager came out in an earnest way, as though he were going to bat for me, and said I only qualified for "B" level credit, in part because I have a big student loan, and so I would have to pay $20 more per month. So the pre-tax monthly became 275/month. Exhausted by the long process, by the time I signed my paperwork, I noticed they'd added a 599 dealer fee and 625 acquisition fee, bringing that cap cost to around 24,100, still 1100 below invoice. (I later regretted not refusing that dealer fee). With state taxes at 6.5%, and with some interest on those taxes, the total deal came to 329/month with 0 money down except for first month's payment. My questions: 1. Did I get a good deal or a mediocre one for that car? 2. Based on 700 credit, was the extra 20/month a bit of a scam? 3. I had read here last week about VW's 1750 incentive on Passat SE leases and let them know in advance, thinking it would be taken off the 22,893 cap cost. But afterwards they insisted it had already been figured into the 4000 discount and they would never, ever be able to sell that car at 22,893 - 1750. Thanks in advance for your thoughts...

#1571 of 1578 Re: 2013 VW Passat SE w/sunroof lease [d_train2013] by Car_man HOST

May 05, 2013 (6:45 am)

Replying to: d_train2013 (May 03, 2013 6:45 pm)
Hi d_train2013. I know that consumers need a 740+ credit score to qualify for Volkswagen Credit's A+ credit tier. But I don't know the specific cutoff for A tier customers...the cutoff for its best special rates. Its B Tier money factors are .00030 higher on a B Tier lease. That probably equates to more like $15/month or so on a Passat lease (I didn't calculate the exact amount for this car).
 
If you're at a selling price of well below dealer invoice, the dealer probably did already take the cash incentive into account.
 
The $625 acquisition fee that you were quoted is spot on, but the $599 dealer fee in my opinion is a little high. Of course, one has to look at it in the context of the total selling price for the car, which seems reasonable.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1572 of 1578 Jetta Hybrid Lease by carfan310

May 05, 2013 (1:36 pm)

Hi Car Man,
 
What is the current buy rate, lease money factor, and residual value for a 36-month lease of a 2013 Jetta Hybrid SE, SEL, and SEL Premium with 12,000 miles per year?
 
Thanks in advance.

#1573 of 1578 Re: 2013 VW Passat SE w/sunroof lease [Car_man] by d_train2013

May 05, 2013 (6:44 pm)

Replying to: Car_man (May 05, 2013 6:45 am)
Thanks again, Carman. Seems I got a reasonable deal, though again, I wish I'd refused to pay that dealer fee!

#1574 of 1578 Yet another Jetta S Lease Question by bmckim1

May 12, 2013 (12:31 pm)

I was a week or two into bugging two local dealerships for a final monthly figure on a Jetta S 2.0L Manual (The ads all say $199/mo... add the tax and it looks like $216... and I'm guessing they'll tack on $700 or so in fees that I'll take care of on signing day)
 
But then I switched and wanted an automatic. They're being a bit dodgy about giving me a figure on that model. Somebody said simply add another $1,500 on... divide by 39... and my new figure is $254 (tax incl.)... sounds high-ish. The dealer websites are saying $18,885 for the automatic... and $17,470 for the manual...
 
To complicate matters further, KBB is saying that the market value is $16,438!
 
I'm going in tomorrow morning to do battle... I fear I'm marked as a "fish" and that I won't get the best deal I can. I need good advice... not just on facts and figures, but on strategy and tactics... I'll take anything. Thanks!!

#1575 of 1578 Re: Jetta Hybrid Lease [carfan310] by Car_man HOST

May 15, 2013 (4:01 pm)

Replying to: carfan310 (May 05, 2013 1:36 pm)
Hi carfan310. Volkswagen Credit's buy rate lease money factor and residual value for a 36-month lease of any 2013 Jetta Hybrid with 12,000 miles per year are .00139 and 49% for consumers who qualify for its top credit tier.
 
There isn't any cash incentives on leases of this car in May, but Volkswagen is waiving the first month's payment on leases of it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1576 of 1578 Re: 2013 VW Passat SE w/sunroof lease [d_train2013] by Car_man HOST

May 15, 2013 (4:02 pm)

Replying to: d_train2013 (May 05, 2013 6:44 pm)
You're welcome d_train2013.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1577 of 1578 jetta tdi wagon by bart_a

May 17, 2013 (1:59 pm)

Hey Carman, what are the current VW finance lease terms for Jetta TDI SportWagen? Looking for 36 months, 18K per year.

#1578 of 1578 Re: Weekend drive-off lease. No signed contract? [btag1] by beluga1200

May 20, 2013 (1:03 pm)

Replying to: btag1 (Apr 28, 2013 3:34 pm)
i'm looking for a deal like this on the exact same car. could you share dealership info (dealership name, city and state)?

Messages Page 158 of 158

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