- #98 of 1015
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CarMan: Help
by burnsey
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May 31, 2006 (11:45 am)
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Hey Carman -
Am I getting a good deal?
Should I lease for 24 months or 36?
I have a quote from a local VW dealership on a Jetta GLI, pkg2 with Auto box. He has quoted a sale price of $25907 with drive off fees only.
36 month lease - Lease factor 0.00119, Monthly $356, Residual 0.54
24 month lease - Lease factor 0.00061, Monthly $366, Residual 0.64
Thanks!!!!
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- #99 of 1015
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Re: CarMan: Help [burnsey]
by qbrozen
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May 31, 2006 (4:46 pm)
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Replying to: burnsey (May 31, 2006 11:45 am)
i would easily choose the 2-year deal for only $10 more per month.
Of course, that's because I like to switch cars. If you are just looking for transportation, you may not want to pay drive-off fees again only 2 years from now.
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- #100 of 1015
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Re: Jetta GLI Numbers for May [tommyg12]
by Car_man HOST
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Jun 04, 2006 (8:06 am)
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Replying to: tommyg12 (May 02, 2006 6:14 am)
Hi tommyg12. If you were to lease a 2006 Volkswagen Jetta GLI through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00119 and 52%, respectively. The numbers for an otherwise identical 48 month lease should be .00170 and 46%. When negotiating your lease on this car, keep in mind that Volkswagen is providing a $500 bonus on leases of it though VW Credit right now.
Car_man
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- #101 of 1015
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Re: Jetta Lease [gassy1cars]
by Car_man HOST
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Jun 04, 2006 (8:13 am)
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Replying to: gassy1cars (May 11, 2006 6:11 pm)
Welcome back gassy1cars. If you were to lease a 2006 Volkswagen Jetta 2.5 through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00116 and 53%, respectively. The numbers for an otherwise identical 48 month lease should be .00168 and 47%. I am not personally all that familiar with how much others have paid for this car lately, but I suspect that if you are in an area that has a decent amount of competition that you would be able to get one for a couple hundred dollars over dealer invoice before the deduction of any incentives. Volkswagen is currently providing a $750 bonus on leases of this car through VW Credit. For additional feedback on how much you should pay, stop by the following discussion: "Volkswagen Jetta: Prices Paid & Buying Experience".
VW Credit charges an acquisition fee of $575 on leases.
Car_man
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- #102 of 1015
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Re: Jetta Lease [gassy1cars]
by Car_man HOST
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Jun 04, 2006 (8:18 am)
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Replying to: gassy1cars (May 12, 2006 2:55 pm)
Hey gassy1cars. Dealer invoice is a good price for this car. Furthermore, the lease money factor that you were quoted for it is in line with VW Credit's current buy rate. Having said this, I estimate that this car's zero down, pre-tax monthly payment should be around $318 with the payment of a security deposit and $324 with the deposit waived. I would want to know why these numbers are different than the payment that you were quoted if I was in your situation.
Car_man
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- #103 of 1015
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Re: TDI [qbrozen]
by Car_man HOST
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Jun 04, 2006 (8:24 am)
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Replying to: qbrozen (May 13, 2006 5:58 pm)
You're absolutely right, qbrozen. Volkswagen's lease program for the Jetta TDI is not very attractive right now. This makes sense, given the increased demand for diesel vehicles now that gas prices are approaching $3.00 a gallon again. If you want a Jetta TDI, you would be better off financing or paying cash for it.
Car_man
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- #104 of 1015
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Re: Carman, info please [upndwn]
by Car_man HOST
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Jun 04, 2006 (8:30 am)
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Replying to: upndwn (May 18, 2006 10:21 am)
Hi upndwn. If you were to lease a 2006 Volkswagen Jetta 2.0T through VW Credit right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00042 and 60%, respectively. The numbers for an otherwise identical lease of an '06 Jetta GLI should be .00061 and 62%. Lastly, the numbers for an otherwise identical lease of an '06 GTI 1.8T should be .00140 and 60%. The 36 month numbers for these cars are .00107 / 52% for the Jetta 2.0T, .00119 / 52% for the GLI, and .00140 / 52% for the GTI 1.8T. If you were to lease with only 12,000 miles per year, these cars' residual values would be 2% higher.
Car_man
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- #105 of 1015
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Re: Volkswagen Jetta: Lease Questions [jettacheck]
by Car_man HOST
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Jun 05, 2006 (1:44 am)
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Replying to: jettacheck (May 18, 2006 12:34 pm)
Hi jettacheck. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
You never mentioned two of the most important numbers that consumers should know when leasing, their vehicle's selling price and the money factor that was used to calculate its monthly payment. You should be able to find out this information from the dealer that you want to lease from. If you get these numbers, let me know and I will be happy to give you feedback on the deal that you are considering.
Car_man
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- #106 of 1015
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Re: CarMan: Help [burnsey]
by Car_man HOST
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Jun 05, 2006 (1:48 am)
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Replying to: burnsey (May 31, 2006 11:45 am)
Hi burnsey. The lease money factors that you were quoted for this car are right in line with VW Credit's current base lease program for it. This is a good sign because it means that the dealer you are working with is being straightforward with you and not trying to mark Volkswagen's money factors up to add additional hidden back-end profit to your deal. Generally speaking, the longer a lease is, the lower its monthly payment will be. This is because new vehicles experience their most rapid depreciation during the first year of ownership. The longer one leases for, the larger the number of payments there is to spread out this large initial depreciation hit out over. While the 36 month payment for this car is lower, I personally would say that the 24 month lease is technically the better "deal" because the money factor is so much lower. If you provide me with this car's MSRP, I can give you feedback on its selling price.
Car_man
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- #107 of 1015
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2006 VW 2.0 T questions/feedback wanted
by traceyd
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Jun 09, 2006 (10:55 am)
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hi -
i'm looking at leasing a 2006 VW jetta 2.0T. it looks like the MSRP is $26,500 (this has package 1). they are quoting us $2000 down (including security deposit, acq. fee) and a 36-month pre-tax payment of $310/month with 12,000 miles. they said they have priced the car at $25,500.
of course we're getting pressure to buy "the car on the lot" and such.
i think they may have some wriggle room in the price of the car -- they are being vague as to what the price actually even is, and keep pushing a "payment".
does this seem reasonable monthly price with the $2K down(not knowing the lease factors or the actual MSRP)? is it fair to ask for a lower selling price? does VW have leasing incentives now for this car that i don't know about?
i'm currently leasing a BWM 325xit and had a wonderful experience. i like the jetta -- but so far they've given me 4 prices and we're still dropping in price. i think they started "high" ($399/month for 36 months with $2K down) intentionally to see if i would bite.
thanks,
tracey
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