- #674 of 1013
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Re: Current lease rates on '09 Jetta Wolf Manual? [jayrider]
by cascadejim
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Nov 12, 2008 (9:23 am)
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Replying to: jayrider (Nov 12, 2008 7:44 am)
Thanks Car Man, I think I will offer flat invoice as final cost out the door excluding TTL. There are a few other dealers in the area with them in stock that I could begin negotiating with and i'm not in a major rush.
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- #675 of 1013
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Re: Current lease rates on '09 Jetta Wolf Manual? [rhett78]
by Car_man HOST
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Nov 12, 2008 (5:49 pm)
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Replying to: rhett78 (Nov 12, 2008 7:29 am)
No problem, rhett78. Other Jetta-sized Sedans that have better lease programs include the Ford Fusion, Honda Accord, Honda Civic, Mazda3, Mazda6, Nissan Altima, Toyota Camry, and Toyota Corolla. All of these cars have better money factors than the 20009 Jetta, but some of their residual values aren't quite as good.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #676 of 1013
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Re: Current lease rates on '09 Jetta Wolf Manual? [cascadejim]
by Car_man HOST
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Nov 12, 2008 (5:52 pm)
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Replying to: cascadejim (Nov 12, 2008 9:23 am)
You're welcome, cascadejim. Offering dealer invoice is a very good idea. Don't forget to stop back and let us know how everything turns out.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #677 of 1013
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NEED SE advice+why aren't there any cars with nav?
by jessy1
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Nov 12, 2008 (8:52 pm)
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Ok, I turned in my 06 jetta today. Leather, nav, the works. Broke my heart a bit:(
I am now deciding if I should just go carless for a bit or go for the SE lease I've been offered after shopping around A LOT.
SE with ipod
12 k per yr
$500 down total
$277.00 a month
This seems like a good deal but I really wanted an sel with nav and they are impossible to find. I am so exhausted from haggling with dealers that I am thinking I should just do this and buy a portable nav:(
Anyone have an opinion? And why won't any dealers in MA help me find what I really want?
Thank u!!
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- #678 of 1013
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Re: NEED SE advice+why aren't there any cars with nav? [jessy1]
by jayrider
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Nov 13, 2008 (1:24 pm)
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Replying to: jessy1 (Nov 12, 2008 8:52 pm)
how many years for your lease? Go with the portable navigation lots of new tech and low prices.
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- #679 of 1013
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Thoughts on this deal?
by jetta_girl
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Nov 13, 2008 (9:21 pm)
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I've been back and forth with a few dealers and the numbers are starting to blur! Can I get an honest opinion on the following offer? If there is room for improvement can you let me know where to attack (price, money factor, etc).
2009 Jetta SEL w/lip spoiler, sunroof deflector, monster mats, 10k miles
$23,769 MSRP
39mth Residual: $14,261(60%) money factor.00273
$369 (inc tax) 39mth w/$0 down, VW buys out my current lease $12,880, VW makes 1st payment.
Thoughts?
Thanks.
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- #680 of 1013
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Re: Thoughts on this deal? [jetta_girl]
by cascadejim
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Nov 13, 2008 (9:29 pm)
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Replying to: jetta_girl (Nov 13, 2008 9:21 pm)
what's the final sale price? Also, what is sales tax where you live?
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- #681 of 1013
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Re: Thoughts on this deal? [cascadejim]
by cascadejim
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Nov 13, 2008 (9:41 pm)
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Replying to: cascadejim (Nov 13, 2008 9:29 pm)
Actually, i just kind of ran your numbers assuming about 8% tax (highest rate i know of in states) and it appears you are paying MSRP final sales price. That's no good. The invoice on a '09 SEL with MSRP of 22,790 is $21559 according to edmunds so you should be paying somewhere in that neighborhood and calculating the lease from that sale price.
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- #682 of 1013
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Re: Thoughts on this deal? [cascadejim]
by jetta_girl
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Nov 13, 2008 (9:43 pm)
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Replying to: cascadejim (Nov 13, 2008 9:29 pm)
Ok this sounds stupid, but I think the $23,769 is the final price. The sales tax is 9.25%. The first offer the dealer made based on this price was $439 and I called him out on it. Told him I had another dealer offer $389, he matched it. Then I had another dealer offer the $369 and again he matched it. I've been dealing straight through email and I have to go back and piece the emails together. I kinda feel like I could push a little more, but I'm not sure where the breaking point truly would be...Does that make any sense?
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- #683 of 1013
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Re: Thoughts on this deal? [jetta_girl]
by cascadejim
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Nov 13, 2008 (10:11 pm)
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Replying to: jetta_girl (Nov 13, 2008 9:43 pm)
Ok, well the final price you are quoting is MSRP. When negotiating on a lease you should always start by negotiating on the price of the car as if it was a purchase. So let's say invoice is $21559, but with your options perhaps the invoice price is near $22,500. If you change the sale price nearer to invoice and run the calculations the lease price/mth drops to $340/mth. Here are the calculations below, you kind of go through the whole math process from top to bottom to find the end monthly price.
MSRP - $23,769
Residual value - 60% = 14,261
Money Factor = .00273
Capatilized Cost (final sale price) = $22,500 (let's assume you negotiate to near invoice at $22,500)
Cost over life of lease (final sale price - residual value) = $8239
Divided by 39 months = $211.25/month
Lease cost (APR/Money factor) this is MSRP plus residual value multiplied by money factor = $101.03/month
Brings lease cost to $312.28/month
Factor in taxes of 9.25% ($312.28 * 1.0925)
Total price $340.38/mth
Hope this helps.
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