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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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#692 of 1005
Jetta S Auto Lease Opinions by bisdamonl
Nov 25, 2008 (10:28 am)
Reply
Base price $19289
Negotiated $19217
$300 Down
$1000 owner loyalty
$11573 Residual
.0030 Money Factor
39 months
9% PA tax
=
$292/month
#693 of 1005
leasing Jetta S manual in NY area by atsenb
Dec 01, 2008 (10:08 am)
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Hi,
 
I confirmed with a dealer that the sign-then-drive promotion has been extended to 1/2/09. Has anyone been able to lease a Jetta at or below invoice (prior to any loyalty rebates or $500 manual rebate that the dealers are able to get)?
 
My lease is coming due in January and I will likely be leasing one in the coming month.
 
Also, Carman or anyone, can you confirm that the leasing rate for a 39month/10k for a Jetta S Manual 4DR is still 0.00273 MF and 61% residual?
 
Thanks,
#694 of 1005
Re: leasing Jetta S manual in NY area [atsenb] by bisdamonl
Dec 03, 2008 (8:20 am)
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Replying to: atsenb (Dec 01, 2008 10:08 am)

I don't have specifics with me, but I just got an SE with an MSRP of $21,289 for $300/month. That's with 9% PA tax. The negotiated price was around 20000, close to or below invoice, I think. That MF and residual sound like the deal I got.
#695 of 1005
Re: leasing Jetta S manual in NY area [bisdamonl] by atsenb
Dec 03, 2008 (10:54 am)
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Replying to: bisdamonl (Dec 03, 2008 8:20 am)

bisdamonl - what did you lease it for in terms of usagee? 39m/45k, 39m/36k, 39m/30k?
 
Also, did you roll everything into your lease or did you pay the $575 bank fee and the plates/DMV fees (around $150-200). The $575 adds about $15/month to the lease, the $150-200 adds about $7/month to the lease.
 
Assuming you leased it for 39m/30k with 61% residual and rolled the acq. and misc. fees into the payment, you basically got it for around $700-800 below invoice, which is a pretty good deal I think. If you leased it with more mileage allowance, then the deal is even better!
 
I believe there are also a $1000 loyalty from VW Credit and another $500 that VW is offering to the dealers if you get a manual transmission. Can anyone confirm these incentives/promotions from VW to the dealers/consumers for the tri-state area for the month of December??
 
Thanks,
#696 of 1005
Re: Jetta S Auto Lease Opinions [bisdamonl] by kshankar
Dec 04, 2008 (8:54 am)
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Replying to: bisdamonl (Nov 25, 2008 10:28 am)

.0030 money factor is 7.2%. That is kind of high for an interest rate, don't you think?
.0030 x 2400=7.2%
#697 of 1005
Re: leasing Jetta S manual in NY area [atsenb] by bisdamonl
Dec 08, 2008 (8:08 am)
Reply

Replying to: atsenb (Dec 03, 2008 10:54 am)

My terms were 39 months/39k miles. I paid some costs up front, something like $450. My payment before PA lease tax is $275. There was also a loyalty incentive of $1000, although I can't seem to find any mention of it on vw.com.
#698 of 1005
Re: Jetta S Auto Lease Opinions [kshankar] by atsenb
Dec 11, 2008 (2:01 pm)
Reply

Replying to: kshankar (Dec 04, 2008 8:54 am)

I agree that 0.00273x2400 = 6.55% for an interest rate is high, but if you can get the car for $1000 less than before, you are effectively getting a 4.3% interest (set the Excel model to goal seek to get the number).
 
So while I agree that 6%+ is high for financing rate, and if you can finance it at 0% apr, by all means, go for it. The manufacturer (and the consumer) should be indifferent to how the incentive comes along (whether it be lower money factors or lower sales price) as long as the dealers are willing to pass along that saving (I think this is the key part).
#699 of 1005
Re: leasing Jetta S manual in NY area [bisdamonl] by atsenb
Dec 11, 2008 (2:04 pm)
Reply

Replying to: bisdamonl (Dec 08, 2008 8:08 am)

Thanks bisdamonl for your reply.
 
Can you confirm that your final negotiated price of $20,000 is AFTER the loyalty incentive? If it is, it would be a bit discouraging as I was hoping to get the dealers to at or below invoice, then asking for the loyalty incentive.
 
I am fairly certain there is still a $500 incentive for manual transmission as well.
 
Thanks,
#700 of 1005
by polyvw
Dec 11, 2008 (4:09 pm)
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Can someone let me know the current incentives for the 2009 Jetta Wolfsburg 2.0t?
 
I currently own a 2007 Jetta GLI so I would be elibile for any loyalty rebates, I also graduated college in July 2007 so do I also get any grad deals? I didnt use one on the 07 purchase.
 
I'm looking at a 3yr 15k/yr lease
#701 of 1005
Re: leasing Jetta S manual in NY area [atsenb] by bisdamonl
Dec 12, 2008 (9:32 am)
Reply

Replying to: atsenb (Dec 11, 2008 2:04 pm)

The negotiated price was before the loyalty incentive.
 
I'll also let you know what I had to do to get them down that far. The first dealer I went to is where I ended up, but after I received their initial higher offer, I took that to another dealer. I spent almost a week in negotiations with the second dealer for the car that was closest to what I wanted, which happened to be a couple thousand less than the car I picked out at the first dealership. That second dealership employed several shady and underhanded tactics so I really didn't want to do business with them. I took that offer to the original dealer and told them I got the deal I needed from the other dealer, but they (the first dealer) had the car I wanted. Basically, I said this is what I want to pay for the car I want, make it happen. And they came damn close and that was good enough for me.

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