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Prices Paid: Buying & Leasing Experiences Volkswagen Jetta Lease Questions
1006 messages, Last post on Nov 19, 2009 at 8:40 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volkswagen Jetta. Thanks. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi Car_man, Could you please give me MF and residuals on a 2006 Jetta GLI and a 2006 Jetta 2.0T for both 2 and 3 year leases at 12K/year? Thanks a lot. |
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| I'm also interested in the MF/ and residuals for the same term 3yr/15K. On a Jetta GLI at a negotiated price of 26K | |
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Hi martyt1. Here is the information that you are looking for. If you were to lease a 2006 Volkswagen Jetta GLI or 2.0T (their lease programs are currently identical)through VW Credit right now for 2 years with 12,000 miles per, its buy rate lease money factor and residual value should be .00161 and 64%, respectively. The numbers for an otherwise identical 36 month lease should be .00161 and 56%. Car_man Host Smart Shopper / Prices Paid Forums |
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Hintz, the money factors for the car that you are interested in would be the same as the ones that I provided in my earlier post, but its 15,000 miles per year residual values would be 2% lower. Car_man Host Smart Shopper / Prices Paid Forums |
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| I am thinking about leasing a new Jetta 2.5 package #1, with manual. One of the dealers in my area is offering 2005 new Jetta 2.5 Package 1 with sunroof and alloys for 239/ mo 36 month with 320 down with 36000 miles for the lease. I would like to go for 48 mo 48k miles when I looked at the car before they said going to 48 normally lowers the lease by about $20 a month. So is 219 per month for 48 months with 48k miles a good deal. Also I think i may be able to get it a bit lower as i believe that is based on the MSRP of the car. About what is the cost of gap insurance? Thank you so much! | |
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Hi clayuofm. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. If the lease that you were quoted is based upon a selling price of full MSRP you have some negotiating to do because Jettas normally sell for much less than that. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are. As far as gap insurance goes, many banks, including most manufacturers' captive finance companies, automatically include gap insurance in leases. You should check with VW Credit directly or your dealer's F&I person to find out of VW Credit does. Car_man Host Smart Shopper / Prices Paid Forums |
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| Yes. VW credit supplies gap as part of the lease...my wife leased a 2.5 with no option packs with auto. and xm radio...$ 0 dowm ($600 on credit card at signing for first moth/sales tax and reg fees.) She pays $269 plus $13..00 for sales tax for 48k/48 mo. Do you feel she got a good deal. She leased in mid June ! | |
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| Im trying to negotiate a deal for a 2006 Passat but thats not going well, the dealer is pushing the 05 Jetta 2.5. We are looking at a MSRP of 24,040 , they offered it to 22,250....Im thinking this could be lower. They said the MF was 1.8% and the residual is 53% with a lease price of $317 for 12k miles year for 3 years. I think this seems pretty high compared to some other posts. Is $260 a month nothing down in the ballpark here. Any help is good help. | |
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Hi bronxbombers. Sorry to hear about your team. It will be interesting to see what sort of changes good old George has in store for them this winter. Judging by the typical spread that the 2005.5 VW Jetta 2.5L has between its full MSRP and selling price and the $750 lease cash that is currently available on this car, I'd say that the price that you were quoted is right around $500 over dealer invoice. This is not a bad deal, but if dealers in your area are desperate to move their leftover inventory of Jettas you may be able to get this car for a couple hundred dollars less. VW Credit's buy rate lease money factor and residual value for a 36 month, 12,000 miles per year lease of this car are currently .00059 and 53%, respectively. This factor is equivalent to an interest rate of around 1.4%. Using these numbers and the prices that you mentioned, an MSRP of $24,040 and a selling price of $22,250, I come up with a zero down, pre-tax monthly payment of around $285. If you are able to negotiate a lower selling price, this car's payment would drop a little lower than this. Car_man Host Smart Shopper / Prices Paid Forums |
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