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Volkswagen Jetta Lease Questions

587 messages,  Last post on Sep 06, 2008 at 3:07 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#165 of 587
Jetta GLI 2006 by inzax
Jul 27, 2006 (12:35 pm)
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Getting the following deal from a VW place in Omaha, Ne. Would appreciate feedback. Thanks.
 
Base MSRP 23790
Factory Options: 3200.00 (package 2)
Destination Charge: 630.00
Dealer Adjustment: -2183.00
Total Sales Price: 25437.00
(bringing vehicle to invoice)
Lease Details: 3 years, 10K, 0 Down.
Residual value: 16142.00
Money Factor: .00119
Monthly Payment before tax: 307.66
#166 of 587
Re: Jetta GLI 2006 [inzax] by inzax
Jul 27, 2006 (5:45 pm)
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Replying to: inzax (Jul 27, 2006 12:35 pm)

Go figure. Got a call today from the sales manager. He said the money factor was incorrect (quoted by another sales guy) He claims money factor is .00143 for GLI 36 month, 10k lease, with residual value of 54%. Our negotiations were over the phone I had nothing in writing.
#167 of 587
Re: Jetta GLI 2006 [inzax] by ral2167
Jul 28, 2006 (5:52 am)
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Replying to: inzax (Jul 27, 2006 5:45 pm)

wouldn't the monthly payment be negligible based on such a small increase in money factor? what was the difference in monthly payment.
 
as an aside, and this is just a general statement, i don't quite understand a 10000 mile lease-- seems like you don't really have enough miles to really enjoy the car. seems you can't use the car for any kind of vacation.
#168 of 587
Re: Jetta GLI 2006 [ral2167] by inzax
Jul 29, 2006 (5:32 am)
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Replying to: ral2167 (Jul 28, 2006 5:52 am)

I put about 8K a year on a vehicle. No reason to pay for more miles.
 
As for the increase I did not figure it out. It was more an honesty thing for me. Wondering what the "real" money factor is.
#169 of 587
Jetta 2.5 August 2006 Residuals & Money Factors by townie67
Jul 31, 2006 (7:48 pm)
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Car Man:
Although this is my first posting, I must thank you as I have leased several cars using this forum. I have been shopping for a car for my son. A few days ago we settled on a Jetta and negotiated a great purchase price ($250) under invoice. With the July lease money it seemed the dealership was making a fair - small profit of $ 500. The problem is, I never put a deposit down and due to work issues was not able to get back to the dealership until today. The car my son wanted was sold - In 100 degree weather we shopped this very large lot and unfortuantely was not able to find color combo with eqipment that we wanted. I know that shopping near the end of the month often yields the best deal. But I am a firm believer that you should get what you want - especially when buying an item such as car. With all this being said - we decided to have the dealership locate the combo that we wanted. ( We agreed to pay the extra cost to obtain the car.) Although the sales manager told me he was uncertain how the August VW residuals and money factors would fair - he assured me that he would give me the same invoice deal on the sale of the car once it was on the lot.
Now this is where I need your help - would you please let me know as soon as possible the following:
 
2006 VW Jetta 2.5
Residuals, Money Factors, and VW Lease Money available for both a 24 and a 36 month lease with 12,000 per year milage.
 
I think I have this leasing concept down THANKS to you and Edmunds.com. I hope by waiting I did'nt risk the deal I had negotiated.
 
Thanks Again !
#170 of 587
Jetta 2.5 - Gap insurance, Bank fee , etc by anzuelo
Aug 01, 2006 (10:03 am)
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Car_Man;
 
Do you know if Volskwagen Credit has any "bank fee" ?.... I met that with Honda Finance two years ago....
 
What about the gap insurance?.... is already included in the MF or we have to pay separated for it ?
#171 of 587
Re: Jetta 2.5 - Gap insurance, Bank fee , etc [anzuelo] by coness
Aug 01, 2006 (11:16 am)
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Replying to: anzuelo (Aug 01, 2006 10:03 am)

I just leased a Jetta Value Edition and don't recall a bank fee. Also, gap insurance is included into the lease.
 
Just curious, what was/will be your lease cost (e.g., monthly cost, cap cost, term, etc.)? I want to see how it compares to mine.
#172 of 587
Re: Jetta 2.5 - Gap insurance, Bank fee , etc [coness] by anzuelo
Aug 02, 2006 (8:50 am)
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Replying to: coness (Aug 01, 2006 11:16 am)

Assuming I will able to find what I want I'm aiming to a Jetta 4dr. Sedan 2.5 w/ Automatic transmission (MSRP=20365, Invoice=19760) with Rear airbags + Rubber mats + Trunk liner + splash guards + cargo net (MSRP=698 Invoice=595)
 
The Carsdirect price today for that car is $20,762 and the destination charge for any VW is 630. Assuming a bank fee of 575 (I think I saw that somewhere but I'm not sure about it) and 200 more for title and registration the Cap cost is going to be 21537.
 
 Using the July numbers for a 36 months, 12K miles/year (MF= 0.001380 and RV=54%) my calculations are a Residual=12254.22 and Rental=1687.65 leading to a monthly payment (pretax) of $304.49
#173 of 587
August Jetta Residual & Money Factors for August 2006 by townie67
Aug 04, 2006 (4:25 am)
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I really need the new numbers for a 2006 Jetta 2.5 Sedan.
24 Month, 12K lease.
Residual, Moneyfactor and VW lease money incentive available for the month of August.
 
THANKS !!
#174 of 587
Re: How to take the lease cash into account? [anzuelo] by Car_man HOST
Aug 08, 2006 (3:07 am)
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Replying to: anzuelo (Jul 20, 2006 9:03 am)

Hi anzuelo. Lease cash works just like customer cash does, but for a lease. Negotiate the lowest selling price that you can on the car that you are interested in before any incentives are taken into account and then have the dealer subtract any available lease cash from that price.
 
Car_man
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