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Prices Paid: Buying & Leasing Experiences Volkswagen Jetta Lease Questions
536 messages, Last post on Jul 01, 2008 at 9:33 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: vincef329 (Apr 27, 2008 4:18 pm) 1. Your first payment wasn't "waived" VW offered a lease promotion that they would pay the first month of every lease entered into during April. Not sure what, if any, other months. 2. I put $2,000 down, with $967 going against the cap cost. The other $1,033 went against the basic "up front" costs (i.e doc fees, license,) and included the 1st month lease payment . 3. I had been driving the car over 2 weeks when they demanded I sign a new lease. The lease reflected the VW incentive, grossing up the down payment and the rest of the costs, in order to reach my agreed upon lease payment. VW financial would not finance the lease without the rebate being disclosed. 4. I'm sorry the salesman convinced you there are no more 08 Jettas to be found. Although I am in Arizona, not New York, all of the dealerships are overflowing with 2008 cars. In fact, some of them have 2007 cars that are brand new! The car manufacturers are currently flooding the dealerships with the 2009 models, and many dealers are having problems with physical space. If this is true in Arizona, it has to be in New York given the amount of land available. 5. I approached my lease with a definite amount of years I wanted to lease and a flat payment I was prepared to make monthly. The amount was $220 including the base and all taxes. 6. The deal went back and forth for about 4 days. Everytime they came at me with a number other than $220 I just said thank you for trying, but I cannot pay more than $220 and I'll just have to keep looking. 7. Whenever I said this and we hung up, someone (salesman, his manager,etc) would call me within the day and say "What can we do to get you in this car?" Must be line required of all VW personnel, because it never varied. 8. All in all, they offered about 4-5 ititerations. Everything from putting more down to taking a shorter lease term, thus increasing the residual value. The residual value is computed by taking the assigned cost and multiplying it by a % given to all dealerships by VW. In my case, the lease was for 4 years and the residual value was 52%. This is fixed by VW and not at the dealer's discretion. 9. At one point when the salesman was walking me to my car because we couldn't make a deal, the owner of the dealership approached me. He was very polite and asked the same "What can we do to get you into this car?" I said the only thing missing that I really wanted was the 6CD changer. He said, OK. No problem, that's my pleasure. 10. When the deal was finally nailed down financially I made it known that the only contingency was the 6 CD changer that the owner promised. 11. Turned out they couldn't put it into the S, which was the model I was leasing so the had to upgrade me to an SE. It had a moonroof along with the 6 CD changer. 12 They tried to raise my lease price and I said no. They told me that I was getting a better car, and I said that wasn't what I asked for. I only wanted the Owner to make good on his word. Sorry if this is very long, but the upshot was that they gave me a lease, on the upgraded SE, for the same $220/month. Please don't EVER let a car salesman talk you into anything. Edmunds has a very funny, but informative, piece about putting a man into car sales as a spy. Not quite the CIA, but if you read it you will understand. I laughed at some of the parts because I had just witnessed them and the sales people looked like they used his piece as a script. When you go to lease a car, try to be reasonable and tell them what price you are prepared to pay. When they try to upsell you, don't hesitate to say "I'm sorry that we can't make a deal, but thank you" For the next 3 days my husband laughed everytime the phone rang and said, "do you think it's the salesman or his manager?". It was almost always one of them. If you say you can't make a deal, they will twist themselves into pretzels to make it happen. Don't let them convince you to be the snack!
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Hi Car Man, I'm in West Los Angeles and am considering a 36 month lease on an SE, 5-speed manual. I have two months left on my current, non-VW lease; my payments have been $320/month. My VW dealer is offering me $320/month with $1k down, which would include them making the final two payments on my current lease. Is this a good deal..? Thanks in advance for your advice!
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Was just quoted 320 out the door. Zero down 36 Months 15/k 2008 Jetta Wolfsburg loaded no navigation. MSRP was 20,801 I believe...But dealer price was 22,950 Is this a good deal? Any help is appreciated...Thanks
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I don't understand how VW dealers set their own price. MSRP must be the same for all VW dealers like any other car manufacturer. Anyways... Everybody's saying dealer has no impact on money factor and residual... then everybody who is already purchased a VW with a good credit must have had the same MF and residual for the same trim and term. Let's say I want to lease Jetta SE for 36 months. What is VW Finance's current money factor and residual values for SE trim. Can anyone let us know from their lease agreement??
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Replying to: felixp (Apr 24, 2008 5:42 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mrnadir (Apr 29, 2008 5:23 pm)  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: dredleaf (May 01, 2008 6:27 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: vwagain (May 06, 2008 9:52 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: bmw_lover_pa (May 20, 2008 1:09 am) Dealers are not allowed to alter vehicles' residual values at all. They are not allowed to use a lower money factor than the one that is available through their manufacturers' captive finance company. However, some manufacturers allow consumers to mark-up vehicles' money factors to add additional, hidden back-end profit to deals. This is why everyone who visits these forums is so interested in finding out what vehicles' buy rate money factors are. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jetta SE with 15,000 miles per year are .00081 and 55%, respectively. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: ferreiror83 (May 14, 2008 3:55 pm) |
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