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Prices Paid: Buying & Leasing Experiences Volkswagen Jetta Lease Questions
1020 messages, Last post on Dec 08, 2009 at 6:16 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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| I'm looking to possibly takeover a 2009 / 2010 SE or SEL lease rather than buying a new car.. I live in Albany, NY. | |
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Replying to: bvdj84 (Oct 16, 2009 6:46 am) I did some research and there is 500 bonus cash and .00107 money factor for 2010 SEs for those who qualify. He already lowered the price to 800 under invoice....but he is talking like it is either or. Like, I can't get the price he quoted me PLUS the 500 cash back. Is this correct? The dealer has not run my credit yet, but he says i will qualify for the .00107 money factor with "Tier 1 credit", and that would bring my monthly payment to $307. I am doing calculations on my own, and getting slightly lower numbers for monthly payment. I am entering 51% residual value and using an online calculator. Can the dealer be fudging with the residual value to get the higher monthly payment? I'm not wanting to rush to the dealership and sign just yet, but I think i'm getting close to a good deal. Please help! Thanks!
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| Can anyone tell me if the volkswagon money factor rate is based on credit. I have a low credit score of 518, and was surprised to even get approved for lease. But the dealer said I would be in D-rate, but the money factor rate they offered was .0025. I was reading these forums and saw that the MF rate for 2010 SE was .00138. I was hoping to be able to go in an negotiate down toward .00138, but would like to know if my hands are tired b/c they will tell me my credit rating won't allow them to give me a lower rate.. Please advise. | |
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Replying to: leah732 (Oct 17, 2009 1:04 pm) I fairly certain that upon working a sale price, this will include all incentives too. Make sure you see that you are. The incentives are done through VW, not the dealership. This payment is more than I am sure you were looking for, but not by much. Considering you are keeping a nice chunk of change in the bank, while driving away with a new lease. In fact, ironically, I was only a $1 more on my currently lease than my last lease before it...I ended up getting $25k car for a bargain, many incentives, lowering the price of the car. Of course now, you'll be hard pushed to find deals like that again. You are pretty much there, If you can get $307-318, then do it! Do the math, its really not much more than you wanted anyway. |
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Hi, ive never leased a vehicle before ... I was interested in leasing a 2010 jetta SE and have already gotten a couple different quotes. The best one ive gotten is: 15k x 1yr for 36mo. 280 a month 1500 down all taxes and dmv fees included is this a good deal or can I do better?
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Replying to: pink8 (Oct 20, 2009 3:07 pm) |
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A dealer in chicago advised me to get into a drivers option program on a 2010 Jetta S automatic, Sell price 19,320. 1000 down for 48 months. payment is $378. residual is 58%. And my interest rate is 9.9% becasue they say my credit is tier-3. Also they told me that i pay interest on the total sales price not just the portion I am financing. Does that make sense to anyone? I have been at 3 dealers this week and cant seem to get a deal like you guys are posting on here. PLease share what you know. |
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like i said in my previous post, i have been to 3 dealers in chicago to purchase a new jetta. on saturday, i was negotiating a demo 2009 Jetta SE with 2000 miles. MSRP was 22,500, but sales price was 20,500. Residual was 51% They would not tell me the money factor but I am tier 3 credit level Monthly payment quoted to me was $450 Am i getting scammed here? Is it because i'm a girl? what you think?
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Replying to: honeyhamms (Oct 22, 2009 10:03 pm) Yes, they are so scamming you. How are they getting a $450payment? You can get a car that is $30k for that price. You can get a Passat CC for that kind of payment. Plus, this car is a demo, your sale price looks okay, but where in the world are they getting this payment? I would have laughed so hard. Heck this is going right into Audi territory. Like an A4. If they are not willing to help you out! Don't take their crap, walk right out and go somewhere else. Get a sale price, $0 down. oops? you getting a loan on the car?
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Replying to: bvdj84 (Oct 23, 2009 5:57 am) I was told its becasue my credit is tier C and the money factor tripled. Plus I have about 1000 neg equity on my trade. But still, I thought 450 was steep and unreasonable. Let me ask you a question, when you lease, do you pay interest on the entire sales price, or just the amount you are financing? I was told the interest is applied to the entire sales price paid out over the 36 month term. So my interest would be based on $20,500 and not the $10,250 that I am financing. Casue the residual is 51%. |
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