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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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#709 of 1005
Leasing in WA by amartinwa
Dec 15, 2008 (11:24 pm)
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Here is the breakdown of what I am being offered, and I will probably be making a decision tomorrow or wednesday.
 
'09 Jetta S MT
Price: $18,189
Preferred Customer Discount: -$1389.00
Selling Price: $16,800
 
Sales Tax (Estimate)(WA Tax is about 9%): $1499.65
Tag/Registration Fees: $86.00
Documentation Fee: $50
TOTAL BALANCE: $18,435.65
 
They are offering me $258/39mo/30k with $500 down.
 
Invoice is $17,350, but with tax this seems legit.
Should I be able to ask for the $500 MT rebate?
Also should I be able to ask for the 1st month waiver?
 
What information am I missing?
#710 of 1005
Re: Leasing in WA [amartinwa] by atsenb
Dec 16, 2008 (10:43 am)
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Replying to: amartinwa (Dec 15, 2008 11:24 pm)

amartinwa,
 
I think the 1st month waiver is done from VW Credit, so you should be just confirm with them that will be the case.
 
I called a couple of dealers in the NY area, they are telling me that the manual transmission $500 is not available this year.
 
I ran your numbers through the model, the number sounds about right, I am coming up with $257.40. You should also be paying for a $575 acquisition/bank fee, which I am guessing they somehow included into the vehicle price. I guess in WA you have to pay taxes on the full amount of the vehicle, which is a bummer. I think in NY, the amount is only on the amount of the lease payment (could be wrong, haven't confirmed this).
 
I think the $18,189 amount is $200 higher than the MSRP price, which I am assuming they included carpet. I guess you can ask them to remove that to lower your payment by about $5/month.
#711 of 1005
Re: Leasing in WA [atsenb] by amartinwa
Dec 16, 2008 (11:44 am)
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Replying to: atsenb (Dec 16, 2008 10:43 am)

The weird thing is that in WA you dont pay sales tax on the full price of the vehicle.Do you think the dealer threw that figure in to make it look like I was getting a better deal? Now that I realize how large that number is, I am starting to get some red flags.
#712 of 1005
Re: Leasing in WA [amartinwa] by atsenb
Dec 16, 2008 (1:19 pm)
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Replying to: amartinwa (Dec 16, 2008 11:44 am)

Just got a quote from a dealer in the east coast area. Paying just the plates and registration on signing, they are offering $245 with all the payments rolled in (taxes, acquisition fees, whatever). 39m/10k per yr.
 
This is still higher than what I told them I would pay, so I will have to do some additional work.
 
This is a Jetta S Manual w/no options. I am not in a hurry to get the car, so I will wait until I get the target price I am looking at.
#713 of 1005
Re: Leasing in WA [atsenb] by steavos
Dec 16, 2008 (6:06 pm)
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Replying to: atsenb (Dec 16, 2008 1:19 pm)

$245 per month is too low? That's aggressive, isn't it? Sign&Drive puts that at $269+....good luck!
#714 of 1005
Re: [Car_man] by polyvw
Dec 18, 2008 (2:28 pm)
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Replying to: Car_man (Dec 14, 2008 3:59 pm)

Are there better lease terms on other VW Jetta / GLI / Rabbit / GTI trims? On my 07 GLI I got .00068 MF, which seems like a screaming deal compared to the current .003
#715 of 1005
Re: [polyvw] by erzeszut
Dec 18, 2008 (2:46 pm)
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Replying to: polyvw (Dec 18, 2008 2:28 pm)

Agreed. 0.0030 is pretty lousy. I got that same 0.00068 on my '06 Passat sedan, as well as on my wife's '07 Passat wagon.
 
My lease expires in a couple of months, and so I've been shopping. But if the money factors don't improve in January, I'll either buy out my current lease or perhaps go see some other dealers. The Japanese and Korean automakers have better lease offers right now.
 
My VW salesman thinks VW Credit "might" have more attractive lease deals after the current Sign & Drive expires on 1/2/09. Of course, no promises.
#716 of 1005
Re: [erzeszut] by atsenb
Dec 21, 2008 (9:55 am)
Reply

Replying to: erzeszut (Dec 18, 2008 2:46 pm)

The 0.00273 is pretty lousy rate, (6.55%), but I suppose if you can get the dealer to go below invoice, it may make it somewhat worthwhile.
 
I finalized the deal with a dealership on a 2009 Jetta S manual transmission with 0 money down (everything rolled into the monthly pmt) for $245/month or about $1150 below Edmund's listed invoice + destination.
 
When I was calling VW Credit and asking them questions on returning my 07 Audi A4, they told me that they are offering people incentives (in terms of Visa Gift cards) to people that are looking to buy-out their leases, so you should definitely check on your 2006 Passat.
 
Keep in mind that there are some incentives out there for the Passat and GTIs (owners loyalty) of $500 or more. VW had that incentive on the Jettas last month (I was going to have my friend also on the registration since he just bought a Passat, so I can get the loyalty cashback), but pulled that loyalty cash for Jetta in December.
 
As with any promotions, things may get better or worse, but the deal now is fairly attractive.
#717 of 1005
CAR GUY by dieseldan9
Dec 22, 2008 (2:19 am)
Reply

Replying to: atsenb (Dec 21, 2008 9:55 am)

Greetings VW world,
 
I am in the market for a 09 VW jetta S Auto with the 450 option of 16 alloys OR a 2009 jetta SE Auto. I have been emailing all my area dealers for the best price possible. I have recieved a email from a local dealer stating 1,500 BELOW invoice, I am still confirming this to make sure there is no hidden print. According to my figures these are the prices I am going to show the dealer this week.
 
2009 Jetta S auto 17,343 with dest 16,695 no dest.
 
2009 Jetta SE auto 18,040 with dest 17,390 no dest.
 
What I am interested in is what is the money factor and residual on both the S and SE for 36 months and 10k a year. My credit is in the low 700s when I leased my MDX with honda I was preffered NOT super preffered but that was 2006 and have not tried to run my credit since.
 
Thank you for your time,
Danny
#718 of 1005
wish my lease was up... by ral2167
Dec 22, 2008 (6:38 am)
Reply
lease is up in june on an 06 jetta-- wonder if i could lease an 09 at these prices without taking too much of a hit.

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