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Prices Paid: Buying & Leasing Experiences Volkswagen Jetta Lease Questions
562 messages, Last post on Jul 22, 2008 at 5:47 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hey Car_Man She test drove the Wolfsburg Jetta and i think this is the one she will plump for(Rabbit has not got good enough deals and gti is too expensive). After briefly speaking with a dealership which she wont actually buy from i talked around this deal. What do you think? 15K/36Mo Sale Price - 21125(incl $640 Acq fee) MSRP - 20535 Money Factor - 0.00095 (is this correct?) Residual - 56% (is this correct?) From this i calculate the pre tax payment to be $297 a month. Would i correctly be in the ballpark? Id like this to be the price WITH sales tax(St Louis 6.05%)....i guess ill have to try and negotiate 10% off msrp to get that sort of payment, if my math is correct. With Drivers Option how is the current cost to buy the car calculated? Is it MSRP less payments or the negotiated sale price less payments. This bit confuses me as im sure at the end of the lease the buy out $ of the car will be the residual value. correct? I only ask as i may need to be in the position to buy the car and sell it privately during the lease period. Do any other manufacturers have this as an option?
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I'm interested in an 07 GLI DSG. I'm deciding between 24 and 36 months. Does anyone have the MF / RV for GLI DSG w/15k per year for both 24 and 36 so I can compare? Also, if I were to purchase additional miles up front, what is the cost?
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I was wondering if anyone else has any experience with this scenario. I received a letter from my dealership (Greenbrier VW) that I'm eligible for some special low interest refinancing on my '06 GLI. Thing is, I'm leasing the vehicle right now and I'm not sure what to do. I called the dealership and they're waiting for me to come down sometime this month so we can set this up. I work in Washington DC and I'd have to drive the vehicle down to the dealership 3 hours away for them to evaluate the vehicle. We just got approved for the mortgage on our new home. Will they pull my credit for this refinancing deal? Is it worth the drive down? What am I looking at? I asked Car_Man about terminating a lease early and how that's usually a bad deal; is there any way I can get burnt if the dealership is the one trying to get me to terminate the lease early and move into financing?
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Replying to: gli06er (Apr 09, 2007 6:50 am)
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hi can someone give me the current MF and RV for the 2007 jetta and the wolfsburg? specifically interested in 12k and 36 mos or 15k and 36 mos. thanks for your help dan
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Replying to: depechebkn (Apr 10, 2007 4:04 pm) 36Mo/15K Money Factor - 0.00095 Residual - 56%
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Replying to: vwguild1 (Apr 10, 2007 11:14 am)
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Replying to: gli06er (Apr 09, 2007 6:50 am) Absolutely. it is NEVER a good idea to buy out a lease early. One of the biggest differences between leasing and financing is that all interest charges are built in up-front in a lease, while interest accrues on a finance. So if you buy your lease out NOW, you will still be paying all the interest you would pay if you kept the lease until its end. If you finance that buyout, you are then paying interest on top of interest. Meaning you are paying financing interest on the interest portion of the lease. Not a smart move. If they can't give you numbers over the phone, it is a scam and they just want to hard sell you on a refi. I'm not sure why, other than the fact that they would be getting extra fees and a kickback from the bank/VW. |
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Replying to: gli06er (Apr 10, 2007 6:11 pm) simply to learn that... In addition, leases are "term of contract" financial instruments, meaning they are not intended to be broken. In order to end your current lease all remaining payments must be made and the residual paid off in it's entirety...And that is never pretty... Finally, Volkswagen Credit would never be a partner in this.
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I'm trying to determine if I got ripped off or not... I live in TX, this is on a 07 2.5 Automatic Jetta w/ pack 2 + sunroof. Agreed Value $24692 Acq Fee 575, 130 license/title, 50 doc fee, 25448 gross capitalized cost. Cap cost reduction of 1770 + 350 (first payment) Trade of 1000 ON cap reduction, only $350 from my pocket + trade. Taxes were $252, however I was suprised of this b/c I thought I'd owe taxes on the entire car's amount. I was approved for the current (low) MF and the 54% residual putting the car at 13551. The adjusted capitalized cost was 23678. The "Rent Charges" which make up the interest showed up as 2473 making my payments be $350/month. I can't figure out where that $2473 comes from. Did I get ripped off? What should my payments be closer to? I originally calculated $350 with paying tax on the entire car, but without am calculating closer to $300. Is there anything I can do since the finance manager essentially just lied about the #s to my face? Thanks
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