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Volkswagen Jetta Lease Questions

1005 messages,  Last post on Nov 06, 2009 at 1:51 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#615 of 1005
Re: 2009 Jetta Wolfsburg money factors [rhett78] by jgirl6
Oct 15, 2008 (5:22 pm)
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Replying to: rhett78 (Oct 15, 2008 12:07 pm)

rhett78
I found this "When you lease, the dealer makes the financial arrangements, on your behalf, through a bank or "captive" finance company such as Ford Motor Credit. You don't have to lease through a dealer any more than you have to finance a purchase through a dealer. Dealers only sell cars; they don't lease or finance purchases."
"Since the dealer expects to make an additional profit on the lease deal he selects for you, you may be better to arrange the lease yourself with an outside lease company."
 
So are you going to get the car through the internet? Who did you use?
The dealers I have seen in my area are
Smithtown VW, Riverhead VW, Legend VW in Amityville, Donalsons in Sayville, Crestmont in Pompton Plains NJ, Curran VW CT. As you can tell I have been all over.
 
The $ was on the 2009 Jetta Wolfsburg AT correct? Did it have any options?
 
jgirl6
 
Hey car_man any advice or thoughts?
#616 of 1005
Re: 2009 Jetta Wolfsburg money factors [jgirl6] by rhett78
Oct 15, 2008 (7:03 pm)
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Replying to: jgirl6 (Oct 15, 2008 5:22 pm)

jgirl6...I appreciate the information you found on leasing. In this particular instance, I think VW credit is providing a subsidized lease format to the benefit of the dealers to stimulate otherwise sluggish sales. The majority of time you purchase or lease a car from a dealership, the Finance Manager/Rep at the dealership is dedicated to providing additional profit for the dealership through the finance program. They add an additional interest per centage to the finance program that is paid back to the dealership. I don't believe that this is the case with the Sign then Drive program, currently being offered by VW.
 
I will be going to the dealership to finish the paperwork and take delivery. I made the entire deal through email with the internet manager at the dealership. It was indeed a Jetta Wolfsburg Automatic with the drivers kit, which includes mats and the rear lip spoiler.
 
As I previously suggested you made want to consider making contact through the internet with another dealership and see if you can make a better deal for yourself. You can always use a "another identity" to make a new contact.
 
Car_man may have other suggestions.
#617 of 1005
HELP! DEALER QUESTIONED! by tanchild
Oct 17, 2008 (8:36 am)
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I brought my 2001 Jetta (108,000) miled in to replace coolant temp. sensor. My service engine light was flashing. The service advisor called me up and said, "bad news" your Jetta has engine problems and internal motor problems, prob. rings but need to check further." He said it would be over 5 g to fix and that it would not be worth it. He refered me to sales and they further said I know you are in a desperate situation and we will give you 3,000 for the car and the following if you want to lease...
 
He said the MSRP for a new JETTA SE is 21869.
He offered me the following lease and will not budge on the numbers.
278 a month for 39 month lease
282 for a 36 month lease
this is with my 3,000 ("broken" car)
 
I said to come down on the numbers and he said he would not and he was trying to help me out.
 
Today I went and got my car out of service and it had to be jumped to start b/c it needs a new battery but other than that it ran fine and the service engine light was not blinking.
 
Should I give in to the price or wait? Or replace the battery and shop around and hope that another dealer will offer me 3,000 for my car?
 
PLEASE ADVISE!!!!!!
#618 of 1005
2008 Jetta Wolfsburg Quote - Is this a good deal? by ctaloi
Oct 18, 2008 (1:00 pm)
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Hello,
I was quoted the following on a 2008 VW Jetta Wolfsburg and am wondering if it's a good deal.
 
MSRP $22,950.00
Sale Price (Cap Cost) $22,488.00
Down Payment / Cap Cost Reduction $0.00
Term 36
Money Factor 0.00107
Residual % 59%
Local Sales Tax 8.00%
Acq/Bank Fee $575.00
Doc Fee / DMV Fee / tire fee $217.50
 
Due at signing - $1,165.96 (includes first month payment and fees)
Monthly Payment - $287.09
Monthly Payment w/tax - $310.06
 
Edmund's shows the following:
MSRP w/options - $23,075
Invoice w/options - $21,830
TMV w/options - $22,344
 
My sale price is $22,488 - which shows $658 over invoice
 
Thanks!
#619 of 1005
Re: 2008 Jetta Wolfsburg Quote - Is this a good deal? [ctaloi] by johndude
Oct 18, 2008 (2:20 pm)
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Replying to: ctaloi (Oct 18, 2008 1:00 pm)

That is an awful deal!! We are heading for a depression, the dealer should be giving it to you WAY BELOW the invoice price period! We bought a new 2008 exactly the one you are looking at for $21,500 and with a special rate of 2.9% for 48 month loan. That was 5 months ago. If I were to do it now, I would not pay over MAYBE $19,000 or I would wait a few months and offer $15,000 (if the dealer is still in business that is). The economy is going to get allot worse. I suggest you buy a used TDI and convert it to vegi oil or better yet convert to using alchol and distill your own, I am 100% serious!! Good Luck!! Also, do not put one penny down, not one, especially if you are leasing..that just goes into the sales guys pockets!!!
#620 of 1005
Re: 2008 Jetta Wolfsburg Quote - Is this a good deal? [johndude] by ctaloi
Oct 18, 2008 (3:21 pm)
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Replying to: johndude (Oct 18, 2008 2:20 pm)

Thanks for the information - I also have the following quote, which seems a bit more reasonable:
 
2009 - Wolfsburg
MSRP $23,574
Invoice Price $22,296
Sell Price $22,400 (dealer says he's $200 below invoice, but I'm not seeing that here)
Term 39 months
MF .00318
Residual 63%
Monthly $363
0 down / sign and drive
 
I think if we figure out what the discrepancy is on the invoice vs sell price the deal is a bit better then the first.
 
Thoughts?
#621 of 1005
Re: 2008 Jetta Wolfsburg Quote - Is this a good deal? [ctaloi] by rhett78
Oct 19, 2008 (1:34 pm)
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Replying to: ctaloi (Oct 18, 2008 3:21 pm)

Ctolia...Where did you get the invoice price of $22,296.00? I have not found a web site that offers invoice pricing on the Wolfsburg. Also VW charges many metro dealers a advertising fee shown only on the dealer invoice, not included on any web sites. I had been quoted a lower money factor on my lease earlier in the month, and asked another dealer why the difference in what he was quoting, and he advised that the money factor went up after the sign then drive program went into effect. Does your zero down include your tag, title and license fees? If it does then this would appear to be a pretty good deal, in my opinion.
#622 of 1005
2009 TDI lease by hlcastelo
Oct 19, 2008 (5:28 pm)
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I am in South Florida. I have been quoed $336 per month (before sales tax) for a 39 month lease 12,000 annual miles. CAsh outlay is $2000. Money Factor .0026. MSRP is $24,268. Residual is 62%. I see other residuals are in the ball park. The money factor may be high. Can't figure out if they have any other fees besides dealer prep. Is this monthly payment reasonable. Am told it is a standard VW offer on the TDI.
#623 of 1005
2009 Jetta S lease questions by airmilt
Oct 20, 2008 (7:34 am)
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Hello everyone!
I have a few questions. I am interested in the 2009 Jetta S. I was at the dealer this w/e and they told me it does not have the leather option. When I go on the VW website, I see that the option does exist. Can anyone tell me if the dealer was just trying to steer me to the SE? Thanks.
#624 of 1005
Re: 2009 Jetta Wolfsburg money factors [jgirl6] by Car_man HOST
Oct 20, 2008 (4:37 pm)
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Replying to: jgirl6 (Oct 14, 2008 6:15 pm)

Hi jgirl6. Volkswagen Credit sets the money factors for vehicles, however they very by credit tier. One's credit has to be in pretty good shape to qualify for its top credit tier and therefore qualify for the best money factors. Furthermore, dealers are allowed to "mark-up" VW Credit's buy rate lease money factors to add additional, hidden back-end profit to deals. VW Credit's current buy rate lease money factor for a 36 month lease of a 2009 Jetta Wolfsburg Sedan is an unattractive .00300.
 
Car_man
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