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Prices Paid: Buying & Leasing Experiences Volkswagen Jetta Lease Questions
607 messages, Last post on Oct 07, 2008 at 7:29 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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A ? for car-man or any1 else: How too good to be true is the current lease promotion VW has on a Value Edition Jetta for $209.00/mo? Granted, you need to put down close to 2K ($1,954) which includes 1st mo pay plus acquision fee of $575 and down payment (cap cost reduction?) of $1,170. This car (very basic with manual tranz) is all we need for our older 18 yo daughter as her 1st car. How much will the REAL payment be if we live in SO CAL with a tax rate of 8.25%? If we up the mileage to 15K (instead of the 12/k per yr)how much more will it cost? And lastly, what is the actual selling price of the car, which money factor are they using??? (both wife & I have 730+ FICO) AND HOW DO THEY DO IT? Are we getting a raw deal or is it legit? THANKX for any help!!!
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Replying to: benzoservceguy (Sep 16, 2006 4:26 pm) Money factor should be 0.00093 or 2.23% (nicely subsidized deal). Your real payment to start with is this 209 + 8.25% of the 209 if you do choose to pay $2K down - but I bet you can get the price down - and on a 24 mo lease this will have a visible effect on payments. In other words, the figure is quite real, just need to pay taxes. 15K miles will cost you 7c a mile worked into payments - effect for me was $15/mo more. My contract also says any extra miles cost 12c a mile. How do they do it? This is one of the lease specials, where the manufacturer is financing leases at a much lower rate, plus the car is not selling hot anymore, so dealers are willing to negotiate. But make sure you do negotiate to get a good deal out of this. |
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Replying to: wvdihrd (Sep 15, 2006 7:22 pm) You don't say what model Jetta you are looking at.
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Hi Car Man- This is what I was offered on a 2006 Jetta 2.0T - is this an ok deal? I live in NC. 2006 Jetta 2.0T automatic selling price $22,000 lease term: 24 months money factor: .00072 no money down required monthly payment of $229 also 2006 Jetta Value automatic selling price: $18,000 lease term: 24 months money factor: .00079 no money down required monthly payment: $200 Thanks
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Replying to: fish8 (Sep 18, 2006 7:14 am) |
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Hi, I am new to leasing and had severla questions before we signed the paper work!! Background: the car we are looking at is a 2006 Jetta. MSRP: 26,408.00. 12000k yr Lease is for: 48 months warranty 4 years/50k (standard. im guessing?) engine: 2.5L/5 cylinder package 2-all the bells and whistles payments: $325.00 w/2500 down does this sound like a good deal? Do I need to find out the invoice price for you? Is there any 'dickering' with the final price when you lease? Do we really need anything down for lease approval? (our credit is not the b est (like 650). Would it be better to put down more like a thousand and even though it may be another $30/month use the remainder to pay on the first 5-6 months of payments? Do Volkswagon's depreciate less than most cars? All other advice would be greatly appreciated??? thanks so much in advance....we are heading over tonight to look at a few cars so all feedback is welcomed ASAP!!! Regards, Ted Bierman 23/33 1500/48 |
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Replying to: bethl (Sep 18, 2006 7:40 am) Good Job! |
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Replying to: tedbierman31 (Sep 18, 2006 3:37 pm) With the above information, is there anyway for you to use Jetta's actual lease program to give me an idea of what is a legitimate lease payment??? also a money factor would be good to know? thanks nuch
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Replying to: tedbierman31 (Sep 18, 2006 3:37 pm) You may also want to look for certified used 2006 Jettas. They actually do exist and are several thousand dollars cheaper than your lease MSRP. If you can come up with enough down to get to 20k financed, at 60 months, that should be around 350 depending on your APR. 48 months is a LONG time for a lease. The longer you have the car, the more wear and tear and dings...and the higher the chance that you'll end up forking more money over at turn-in. |
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| When I first discovered this site back in August, I had been looking at leasing a 2006 2.5 Jetta. The numbers I had gotten from several dealers in the Dallas area were in the $375-$380 per month range for a 48 month lease. This past Saturday I leased a 2007 2.5 Jetta automatic with package 1 and a sunroof. The MSRP for this car was $22,695; the price I negotiated was $21,000 even. To that was added $1096 [the balance owed on a 2003 GTI that appraised for $13,000]; a $575 acquisition fee; sales tax of $488 [as you told me, taxes are paid up-front in Texas]; license and title fees of $176, for a total of $2347. The money factor applied was .00244 and residual was 48%. I put nothing down except the first month's payment The monthly payment ended up being $343.83. Interestingly, when I plugged these numbers into an on-line lease calculator, they came out to the penny. Is this as good a deal as you guys in other states have gotten? Probably not. Is it a good deal for someone in Texas? I think so. And, so far as the desirability of leasing for 48 months, why not? The car is under full warranty for that period; you can always move into another VW early, and generally can find a dealer willing to help you move into another make as easily. The dealership I ended up using was Autobahn in Ft. Worth. Outstanding people! trainnut | |
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