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Volkswagen Jetta Lease Questions

567 messages,  Last post on Jul 24, 2008 at 9:57 AM

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

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#426 of 567 Re: Volkswagen Jetta: Lease Questions [Car_man] by denibeans63 Aug 27, 2007 (7:49 am)
Replying to: Car_man (Aug 31, 2005 5:30 pm) HI. I am a new member and really need help! My lease (balloon - I am in NY state) is up on my jetta GLX V6) in December (last payment due). As I understand my options they are : 1) sell (which I am trying to do via kelly bb and e bay (useless!), and craigs list 2) trade in (not an option - we have 2 other cars 3) buy (no way, never again with a VW) 4) turn in (I would like to fo - but have questions) My understanding of turning in based on what I have read is that they are very picky about condition of car when it is turned in. My dealer has informed me that I need to meet with them for a pre-inspection and that VW also will have an inspection about 2 months before turn in date.   My first problem is that I was allowed 48,000 miles and I have driven as of now 61,000 - so .15 per mile over.   My other concern is about the car itself: windows are tinted and have some light scratches in the back from dogs, the driver side rim is bent slightly, someone did a "brush and run " in a parking lot nd there are light paint scuffs on the back by the rear tire (no body damage, just paint), the fuse that turns on the door light when it is ajar is not working ($ 267.00 to fix), and the hinge from the center console is missing). The car itself mechanically is in good condition, and has been regularly servied and maintained by the dealer. I am just worried how much aI am going to get "dinged" (to use a nice word) by the dealer or VW for all these other things on top of the mileage overage? Is it better to have them fixed first or does it not matter? I owe $ 12,700 on the car. I am thinking about turning it in now (I would still have to pay on the outstanding lease), because I don't want one more thing going wrong before december that I would have to pay for (it seems every month something has been going on - $ 500 here, $ 600 there....   And, do they bill you for all this and you can pay it off, or do you have to pay all at once before you turn it in?   Thanks and sorry for such a long post! PlEASE HELP!!! My husband just lost his job and I am really concerned that we are going to come out of this owing a ton of money.... Replies to this message: Car_man (Sep 24, 2007 4:07 am)
#427 of 567 2008 Jetta 2.5 Sec by mooseman923 Aug 29, 2007 (3:46 pm)
Hi. Im buying a new 2008 Jetta 2.5 SE in a few days. Could someone run the numbers on this car. The List Price is $21760. I am looking to get a 48 month lease with 10,000 miles per year.   Also does anyone know of Volkswagen;s process of being aproved for a lease?   a speedy reply would be very appreciated!   thanks Replies to this message: Car_man (Sep 25, 2007 2:10 am)
#428 of 567 Re: Jetta 07 Wolfsburg (Recent Leases/Numbers) - Help! [movinglp] by Car_man HOST Sep 24, 2007 (3:32 am)
Replying to: movinglp (Aug 08, 2007 7:50 pm) No problem, movinglp. Let's work up a lease payment on the car that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2007 Volkswagen Jetta Wolfsburg that has an MSRP of $21,175 and a selling price of $20,547 through Volkswagen Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $273.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#429 of 567 Re: 2007 2.0t and GLI MF and residuals for August [scotes] by Car_man HOST Sep 24, 2007 (3:40 am)
Replying to: scotes (Aug 09, 2007 12:34 am) Here's the latest lease programs for the cars that you are interested in, scotes. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta 2.0T with 15,000 miles per year are .00083 and 50%, respectively. The numbers for an otherwise identical lease of a 2007 Jetta GLI are .00085 and 49%, respectively. If you were to lease either of these cars with only 12,000 miles per year, their residual values would be 2% higher. Volkswagen is currently providing a $750 cash incentive on leases of both of these models through VW Credit.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#430 of 567 Re: Lease Jetta 2007 Need Help [ipip316] by Car_man HOST Sep 24, 2007 (3:53 am)
Replying to: ipip316 (Aug 11, 2007 5:24 pm) Hi ipip316. $100 over dealer invoice is a very good price for a leased '07 VW Jetta Wolfsburg, but you mentioned that the invoice price the dealer is using does not match up with the one that is available here at Edmunds.com. How much higher is it? Perhaps the dealer is including some sort of advertising charge or dealer fee in the price that they quoted you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum   P.S. VW Credit's buy rate lease money factor for this car is now .00080.
#431 of 567 Re: Residual value and MF: 2007 Wolfsberg [drenga] by Car_man HOST Sep 24, 2007 (3:57 am)
Replying to: drenga (Aug 26, 2007 5:57 pm) Here you go, drenga. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta Wolfsburg with 15,000 miles per year are .00080 and 53%, respectively. The numbers for an otherwise identical 48 month lease .00138 and 45%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#432 of 567 Re: Volkswagen Jetta: Lease Questions [denibeans63] by Car_man HOST Sep 24, 2007 (4:07 am)
Replying to: denibeans63 (Aug 27, 2007 7:49 am) Welcome denibeans63. I am sorry to hear about your husband losing her job. Where have you read that Volkswagen is very picky about the condition of leased vehicles that are returned at lease-end? I have actually found that most manufacturers' captive finance companies, like Volkswagen Credit, are fairly reasonable when evaluating leased vehicles for excess wear and tear. It is in their best interest to be very fair. If they are unreasonable, they will make lessees mad and cost their parent company a potential future sale. You can see exactly what VW Credit considers to be excess wear and tear by clicking on the following link: VW Credit Wear and Use Policy. If the person who does the inspection on your vehicle notices the bent rim, there is definitely a good chance that you will get penalized for it. I would not be surprised if they let the small scratches on the windows and the paint on the tire slide.   The only way for you to get out of paying an excess mileage penalty on your car is to purchase it or trade it in. Given the fact that your car probably is not worth more than its end of term purchase price, you will probably be best off just turning it and paying the mileage penalty.   While the policy on this matter varies from bank to bank, most banks just send you a bill for any excess mileage and wear and tear rather than charging for it when a vehicle is returned. If you paid a security deposit at lease signing, you will be able to apply that towards any charges that you have to pay.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#433 of 567 Re: 2008 Jetta 2.5 Sec [mooseman923] by Car_man HOST Sep 25, 2007 (2:10 am)
Replying to: mooseman923 (Aug 29, 2007 3:46 pm) Greetings mooseman923. I would be happy to work up a sample lease payment on the car that you are interested in for you. You never mentioned its selling price, so for now I will assume that you will be able to negotiate a $500 discount on this car (there really isn't much of a margin in it for dealers). According to my calculations, if you were to lease a 2008 Jetta 2.5 SE that has an MSRP of $21,760 and a selling price of $21,260 through VW Credit right now for 48 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $276.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#434 of 567 2008 Jetta - HELP! by niclaf77 Sep 27, 2007 (9:48 pm)
hi,   we are looking to lease a 2008 jetta within the next couple of days and need some guidance. We are in NJ, looking for a 36-39 month lease with 12,000 miles per year. We are looking at either a standard or 2.5 (can't yet determine what the difference b/w the two is, so if anyone can fill me in). i am looking for money factors and residuals on these.   also, is the $750 incentive offered on these vehicles and if so, is that after you negotiate to about $500 over invoice (therefore $250 under invoice)?   lastly, i want to put $0 down - what should i expect to pay upfront other than the first month payment (what fees are legitimate)?   thanks to anyone who can offer me some help as quickly as possible! Replies to this message: Car_man (Oct 29, 2007 2:13 am)
#435 of 567 2008 Jetta SE Lease by csugarm Sep 28, 2007 (7:44 am)
I've been bargaining back and forth with a VW dealership regarding a lease agreement. They're quoting me a 10,000 mile/year lease on a 2008 automatic Jetta SE. The thing is, I drive at least 15,000 miles/year - probably upwards of 18 - 20. They said that they will put in writing that they'll buy me out at the end of the lease (36 months) and that I won't be responsible for the miles that I've exceeded.   But my question to them was - why would you do that, it doesn't make sense? His answer was because he really needs to make the sale and it's the only way that he can convince me. My mother is purchasing a 2008 Beetle as well, so this is a 2 car deal at the end of the month/quarter. Does this seem reasonable or is there something I'm missing that's going to cost me in the end? I haven't sat down and actually gone through the entire agreement yet. Any help would be much appreciated - I've never leased before.   Thank you! Replies to this message: Car_man (Oct 29, 2007 2:18 am)

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