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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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Replying to: jgirl6 (Oct 24, 2008 8:59 am) 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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Replying to: Car_man (Oct 20, 2008 4:55 pm) |
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Replying to: rhett78 (Oct 24, 2008 10:21 am) As it stands the Smithtown Dealer got the car and color combo (platnium gray/gray interior) in a manual from a dealer in PA. All the dealers in the area were pretty close in the numbers, sales price, money factor, residual value. ($21,684 12k/yr 39 months mf .00318 top tier credit (which I understand is 720 + on your credit score), and the residual value is 14k and change) Even though I went to several dealers I wasn't really able to get some unbelievable deal. I was hoping I would have. I assume, which we all know what that means, the deal is fair. Any thoughts? I probably would have gotten better numbers if I was not so specific on the car, it was already on the dealers lot, had been there a while, and if there were a lot available (manuals seem to not be as easy to come by in the Wolfsburg) They are checking my credit but have not signed the lease yet, plan to this Thursday. Still not sure I am getting a good deal but I am pretty much worn out. Any word on the $500 incentive or anything coming in November, since I have not signed the papers (does the credit application count?) jgirl6
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Replying to: rhett78 (Oct 24, 2008 10:21 am) I am wanting either a Jetta SE or preferrebly a Wolfsburg edition. Also, high on the list is an Accord EX-L. Which ever has the best deal. |
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Replying to: jgirl6 (Oct 25, 2008 2:02 pm) I don't expect the get the $500 incentive that Car_Man identified, as I am getting a Wolfsburg Automatic. It would appear that you would benefit from this $500 as I understand it, you are getting a manual transmission. It appears that the money factor you are being quoted for Tier 1 is higher than Car_Man identfied at .00300. He also indicated that the dealer could pad this number at the dealership for additional profit. Have you determined where your purchase price/cap cost is in relation to the VW invoice price? My purchase price is below invoice, as the dealer is giving up most of his "holdback" money to make the deal. The holdback is 3% of MSRP, and is defenitely in play in this market, in my opinion. It may not be available to you on your deal, as they are transferring your particular vehicle from another dealer. VW is still manufacturing cars and shipping them to the dealers, and they need to move the ones they have in stock off the lot to make room for the incoming inventory. I am stronly considering "rolling the dice" and waiting until November 1st to see if VW improves the program. I could loose the deal I have now, so I'm up in the air as to what to do.
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Replying to: rhett78 (Oct 26, 2008 12:42 pm) |
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Replying to: hlcastelo (Oct 23, 2008 6:51 pm) As far as this car's lease program goes, VW Credit's current buy rate lease money factor and residual value for a 39 month lease of a 2009 Jetta Sedan TDI with 15,000 miles per year are .00320 and 59%, respectively. The residual value for a lease of this car with only 12,000 miles per year would be 1% higher. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: tanchild (Oct 17, 2008 8:36 am) |
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Replying to: Car_man (Oct 28, 2008 3:30 am) Does the $500 apply to the 2009 Wolfsburg with a manual transmission? Also has the MF on the Wolfsburg increased? The Dealerships on Long Island (I have been to several) state it changed with the Sign & Drive program and its now at .0318 rather than the .0300. Do you see any specials coming up for November? jgirl6
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Replying to: jgirl6 (Oct 28, 2008 7:19 am) It is difficult to say what Volkswagen's November lease program will be like. A lot will depend upon how successful its current "Sign Then Drive" promotion is at whittling down dealer inventory in October. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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