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Volkswagen Touareg Lease Questions

185 messages, Last post on Oct 23, 2008 at 3:42 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Can anyone give me any current news? Thx Guys! Rich Sept05: 36mo's 2005 Touareg V6 AWD w/leather/roof/metallic/heated seats/trip computer $504.99/monthly Including CT Sales Tax 12,000 miles/yr Total Driveaway Upfront 1169.00 Leather Package 3. Extra Keyless Remote Fob at No Charge Full gas tank First Maintainance & Oil Free Full Gap insurance included VW Credit Corp. Lease Metallic exterior vehicle |
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36 mos along with first payment due at signing. 0 down $563.97 with first payment only due at signing for your 12k a year. Toureg V8 2005 with the Nav system Any comments out there to share? The Lexus offers better svc, but this seems pretty heavy duty by comparision
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Hi guthrie. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive. You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle. You will be able to avoid paying an excess mileage penalty by purchasing your leased vehicle and trading it in or selling it on your own, but it is difficult to say whether the amount of money that getting out of your lease early will cost you will exceed your mileage penalty. Unfortunately, this transaction is completely between you and VW Credit and dealers do not have the ability to give you any sort of "break." Car_man Host Smart Shopper / Prices Paid Forums |
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Hi richneedsaleas. You never mentioned the selling price or MSRP of the truck that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: richneedsaleas (Oct 22, 2005 3:43 pm)
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Replying to: rlfltd (Nov 06, 2005 2:10 pm) Thanks
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Replying to: blane1 (Nov 12, 2005 12:24 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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06 Touareg, V6, Pkg 3 15K yr, 39 mth lease. For 39 mth lease, money factor is .00155 and residual is 54%. Do those numbers sound correct? Why don't they offer me 36 mth instead? Are acquisition fees negotiable? Any help is appreciated.
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Carman, Can you provide VW lease terms for a 2006 Touareg V6: 36 Month Residuals and Money Factors for both 12K and 15K miles/yr. Acquisition Fee? Disposition Fee? Overmileage charges? Also, are there any incentives/rebates not shown here on Edmunds or any other lease subsidies? Thanks in advance.
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Replying to: jabber (Dec 26, 2005 2:02 pm) I'm interested in the same #'s as jabber, except on a 2005 V6. 36 month, residuals and MF for 12K and 15K. Looking to make a deal before the end of the week! Thank you in advance.
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