- #122 of 1016
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Re: Student Lease Question [ren125]
by Car_man HOST
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Jun 26, 2006 (2:39 am)
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Replying to: ren125 (Jun 23, 2006 6:26 am)
Hi ren125. It actually would be in your best interest not to make a $3,000 down payment when leasing. You can lease any vehicle that you want and only have to pay its first month's payment, a security deposit (in VW Credit's case the payment rounded up to the nearest $25 increment), an acquisition fee ($575 for VW Credit), and any required state taxes or fees. This car's lease program varies depending upon how long you lease it for. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. VW Credit's current buy rate lease money factor and residual value for a 36 month, 15,000 mile per year lease of an '06 Jetta GLI are .00119 and 52%, respectively.
Car_man
Host
Prices Paid Forums
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- #123 of 1016
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Re: Student Lease Question [Car_man]
by ren125
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Jun 26, 2006 (6:11 am)
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Replying to: Car_man (Jun 26, 2006 2:39 am)
Thanks for the reply. Sorry I forgot to put the lease term in my post. 36 months is the length I am looking for. I am trying to keep my payments in the mid to upper 300 dollar range. That is why I was thinking of putting down that larger down payment. If you think I can do that without the large down payment please let me know. Any other information you have would be great. This is my first car so I really don't want to get ripped off.
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- #124 of 1016
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GLI lease
by zerodown
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Jun 26, 2006 (9:13 am)
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Hi,
I got this quote from a dealer and it looks good but I'd like to know what you guys think. I don't have all the numbers yet but here's what I do have.
06 Jetta GLI
Auto w/ Tip
36mos
12000 mi/yr
.00116 factor
cap cost $21542 (using VW Credit)
What is a good residual value and monthly payment that I should try for with no money down? with $2000 down?
I just noticed ren125's post with similar info. I'd like to know what your monthly payments would be.
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- #125 of 1016
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Re: GLI lease [zerodown]
by zerodown
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Jun 26, 2006 (7:57 pm)
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Replying to: zerodown (Jun 26, 2006 9:13 am)
Update...
I just got the other numbers..
Payment at signing: $1280
Monthly Payment: $333
I didn't get the residual value but I'm assuming it's 55% of the cost($11848).
Does this sound good?
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- #126 of 1016
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Re: GLI lease [zerodown]
by ren125
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Jun 27, 2006 (7:08 am)
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Replying to: zerodown (Jun 26, 2006 7:57 pm)
Just Curious...could you describe the GLI you are getting (package #, options etc.) ...I haven't yet gotten a quote from my dealer but when I do I would like to compare it to yours.
Thanks
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- #127 of 1016
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Automatic only
by zerodown
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Jun 27, 2006 (7:17 am)
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I'm getting the GLI with Auto only.
I just called around a couple of other dealers farther away and they couldn't even match it. guess I got a good deal.
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- #128 of 1016
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Re: GLI lease [zerodown]
by zerodown
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Jun 28, 2006 (11:49 am)
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Replying to: zerodown (Jun 26, 2006 7:57 pm)
Well.. I guess it WAS too good to be true! The dealer tried to play the bait and switch game.. said he thought I was looking for the Jetta 2.5. I told him to piss off.
I went to another dealer (closer to my home anyway).. and this is what he's quoted me.
Jetta GLI
Automatic DSG
no extras
36mos/12K mi
$23792 cap cost
.00119 money factor
54% residual
$288 monthly payments w/ $1000 down
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- #129 of 1016
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Re: GLI lease [zerodown]
by qbrozen
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Jun 29, 2006 (5:44 am)
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Replying to: zerodown (Jun 28, 2006 11:49 am)
you can't put $1k down. Then you'll have to change your screen name.
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- #130 of 1016
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Re: GLI lease [qbrozen]
by kyfdx HOST
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Jun 29, 2006 (8:01 am)
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Replying to: qbrozen (Jun 29, 2006 5:44 am)
LOL
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- #131 of 1016
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Re: GLI lease [zerodown]
by raycar
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Jul 02, 2006 (3:03 pm)
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Replying to: zerodown (Jun 28, 2006 11:49 am)
That is an amazing deal, in Miami all of the local dealers are quoting over $400 / mo !! with $1,200 down for a GLI with DSG and Packg #2. Please tell us which dealer you are getting this deal from and what package you are getting.
Thx
raycar
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