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Prices Paid: Buying & Leasing Experiences Volkswagen Jetta Lease Questions
1013 messages, Last post on Nov 25, 2009 at 3:30 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car Man: I'm in the market for a 24-month lease for Jetta SE. College graduation gift for my daughter. Do you think I'd get a better deal on a 2008 model or the new 2009 model? If I didn't want to put any money down, what would be a good monthly lease rate for either 12,000 miles or 15,000 miles. Thank you. |
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What is the big attraction about leasing??? If you buy, when you pay it off, at least you have something to show for it. Leasing to me is like paying rent. Lower payments but nothing to show for it. What am I missing??
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Replying to: ndmike88 (Jul 29, 2008 6:12 am)  in a nutshell... if you lease the right car (high resale value = high residual) then you can fairly easily lease a car for 24 - 36 mo for roughly half the payment you would have on a purchase loan lasting twice as long. these are general statements, but the key to remember is starting with a car that has a good track record of resale value. here's a quick example: last year i leased an 07 honda accord accord se v6 sedan. msrp was like $25k. of course they were discounting them last spring in anticipation of the new 08 model and that helped buyers and lessee's. now honda has had great resale on their cars for a long time. i leased it with no cash down other than first payment and license fee for 24mo  15k miles per year. payment is $185 + tax or 197 a month. now lets say buyer #2 comes along and gets identical car on a purchase. same deal as mine would be roughly $23.5k. with no interest that's $400 a month for 60 mo. again the key to an intelligent lease deal is starting with a car that traditionally had held its resale value well. if you think about it even if you did not want to lease you'd want to be looking at a car that held its value well!
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I understand what you are saying. A lease is going to cheaper. My wife just bought an '08 Wolfsburg. Her payments are $425 for 48 months. Granted it's a higher payment than a lease payment would be but I don't have to worry if she goes over the predetermined mileage, any dents and dings, and any wear and tear that is not considered normal. At the end of the 48 months (if not sooner) we will have a vehicle that is ours. Bought and paid for.
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Replying to: ndmike88 (Jul 29, 2008 10:51 am) unlike your wife though, i cannot stand keeping most cars I've had for 4 or 5 years. let alone driving a 6 - 8 year old in able to enjoy a couple years of no payments. Paying twice the payment for twice as long I would hope you would own it and have some decent equity. And you should by picking the right car to begin with. as far as mileage, dents etc., picking the right lease in the first place helps. I am not entirely familiar with VW Credits lease terms, however Honda has some nice features. They allow up to three individual damage issues up to $500 each (after five or six Accord leases I know they do not nickel and dime the door dings and scratches). It is also important to consider mileage when initiating a lease. I see many people in the forums going for the low mileage lease and most I'm sure will eventually regret it. I always recommend that when nearing lease end, if you do not want to keep the car and buy out the residual, to trade it in before the last payment is made. If there is any equity (regardles of mileage or condition) it is yours. If there is no equity, trading it can get you out of an over mileage or damage situation. Even if there is negative equity when you no longer want it, the negative equity could be less than any mileage or damage charge. These situations usually happen on a vehicle with poor resale value history to begin with. Cars that shouldn't even be purchased. One last more feature of Honda's lease (and others as well) is the ability to extend the lease. Many people do not know this. It is rarely in any lease contract and dealers themselves usually don't even know about it. When I got the 07 Accord, the 24 mo payment was (get this) almost $20 a month less than the 36 mo. payment. Crazy I know. But the residual subsidies were higher on 24 than 36. Even if one wanted a 3 year it actually made more sense to go 24 and then extend it for another year at the same 24 mo payment. When you extend, it is at the same rate and you continue to reduce the balance (residual). I know, some folk just want to "drive em til the wheels fall off". I just ain't one of em!
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Replying to: italian_stalli (Jul 14, 2008 4:03 am) I just leased my 2nd Jetta (I live in MA); had a 2005.5 loaded SEL that ended, just signed the lease on my '08 Wolf yesterday. I negotiated the MSRP down to $21,800 and put $500 against the cap. Also forked over first months payment, $199 doc fee and $86 for plates. Total out of pocket, including 1st month payment, was $1009. The lease is 36mo/15k miles per year and I pay $273/mo. I think I got a more than fair deal and if you do your homework, you will find out this is about as low as you can go. Lower the miles to 12k/yr and you'll do even better on the monthly payment. The money factor was .00142, 59% residual for 15k miles. Good luck in your negotiations, you'll love the Wolf....it's a true drivers car with the turbo and looks great with the 17'' rims and spoiler. It is fast and responsive when you need it and gets great gas milage on the highway (so far 32mpg).
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Replying to: keith00200 (Jul 29, 2008 7:46 pm) |
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Replying to: keith00200 (Jul 29, 2008 7:46 pm) ...where did you say you got this deal from? |
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08 Jetta SE able to down MRSP to $21,000 $3000 down $245/mon for 36 mon 12,000 mile/yr Residuel 57% (~$12,400) BTW, I probably don't need 12K for a year. 10 K is probably OK for me. I'm in west Mass. Any one know is there disadvantage buying cars from CT ( out of my state just south of the border) instead of MA? Thank in advance for any input!!
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| I'm thinking about leasing a manual 2008 Jetta SE and have a tier B credit. Can anyone tell me if $300 a month for 4 years/12,000 miles a year with no money down, except tax title license and first month payment is a good deal or not? Thanks! | |
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