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dealer raised price of car to get lower paymnet
by molson2
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Oct 21, 2008 (4:06 pm)
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my girlfriend leased a 2009 jetta. The dealer raised the price of the car to get a lower monthly payment. They said her credit was in question eventhough it is 670-690. the raised it to get a lower money factor rate. Does this make sense? Your help would be appreciated. Thanks
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- #632 of 1005
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Re: 2009 TDI lease [Car_man]
by hlcastelo
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Oct 21, 2008 (8:04 pm)
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Replying to: Car_man (Oct 20, 2008 4:47 pm)
Thank you Car_man. I have shopped around and have found lower cash out the door basically down to cash for only tags, title and first monthly payment (as low as $510). It seems they still want to limit adjustment below MSRP but it is getting harder for them to do so for two reasons: 1) price of diesel is now back below mid and premium unleaded and 2) I don't think VW sales are that much better than other car brands. Hoping to close deal by month end but looking at lower cash to sign at this point.
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- #633 of 1005
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Re: Current lease rates on '09 Jetta SE Manual? [skylab]
by Car_man HOST
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Oct 23, 2008 (3:31 pm)
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Replying to: skylab (Oct 21, 2008 9:49 am)
Here you go, skylab. VW Credit's current buy rate lease money factor and residual value for a 48 month lease of a 2009 Volkswagen Jetta SE with 15,000 miles per year are .00298 and 52%, respectively. If your friend was to lease with only 12,000 miles per year, this car's residual value would be 2% higher.
This month, Volkswagen is providing a special $500 cash incentive on leases of '09 Jettas that have manual transmissions. Also, it is waiving the first month's payment and security deposit on leases of all '09 models. Make sure that your friend is aware of these offers before negotiating with any dealers.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #634 of 1005
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Re: 2009 TDI lease [hlcastelo]
by Car_man HOST
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Oct 23, 2008 (3:36 pm)
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Replying to: hlcastelo (Oct 21, 2008 8:04 pm)
You're welcome, hlcastelo.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #635 of 1005
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Re: Current lease rates on '09 Jetta SE Manual? [Car_man]
by hlcastelo
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Oct 23, 2008 (6:51 pm)
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Replying to: Car_man (Oct 23, 2008 3:31 pm)
Hello Car_Man. I'm to read your email. HOw can I get more info on the $500 incentive for leases of Manual Jetta. I'm ready to lease a manual TDI. I have talked to three dealers and none have mentioned. Would like to have some proof to shos.
Also, I what I expect for money factor (would it vary by location- I'm in South Florida) for 39 mos lease. Also would you know residual with 12K and 15K miles.
Thank YOu.
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- #636 of 1005
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Re: Current lease rates on '09 Jetta SE Manual? [Car_man]
by rhett78
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Oct 23, 2008 (7:29 pm)
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Replying to: Car_man (Oct 23, 2008 3:31 pm)
Car_Man, thanks for all your input to the forum. Can you please provide some additional information on this $500 program? I am about to close on a lease for a 09 Jetta Wolfsburg, and would like to take advantage of this additional $500 incentive.
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- #637 of 1005
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Re: Current lease rates on '09 Jetta SE Manual? [Car_man]
by jgirl6
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Oct 24, 2008 (8:57 am)
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Replying to: Car_man (Oct 23, 2008 3:31 pm)
Is this only onthe Jetta SE? I am looking at a manual in the wolfsburg
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- #638 of 1005
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Re: Current lease rates on '09 Jetta SE Manual? [rhett78]
by jgirl6
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Oct 24, 2008 (8:59 am)
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Replying to: rhett78 (Oct 23, 2008 7:29 pm)
You did not get the car you mention in the earlier message you posted? what happened? I had the quesiotn as you on the wolfsburg.
jgirl
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- #639 of 1005
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Re: 2008 Jetta Wolfsburg Quote - Is this a good deal? [johndude]
by jgirl6
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Oct 24, 2008 (9:04 am)
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Replying to: johndude (Oct 18, 2008 2:20 pm)
Is this for a 2008 or did you mean 2009?
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- #640 of 1005
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Re: Current lease rates on '09 Jetta SE Manual? [jgirl6]
by rhett78
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Oct 24, 2008 (10:21 am)
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Replying to: jgirl6 (Oct 24, 2008 8:59 am)
jgril, I am waiting until the end of the month to take delivery of the 09 Jetta Wolfsburg automatic, as my current lease ends in Mid November. I understand that the sign then drive program expires 10-31-08, but with the very slow sales throughout the entire market, I believe it is a reasonable expectation that VW will improve the numbers on the sign then drive program, perhaps by lowering the money factor. I am anxious to hear back from Car_Man about the $500 he mentioned in a earlier post.
Where do you stand on getting your car? I also got info from another dealer that there was a $595 "bank fee", which I think is just a ploy to extract more money from the deal. No other dealer that I contacted has asked for this fee. Have you been asked to pay this amount in conjunction with your lease quotes?
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