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Volkswagen Touareg Lease Questions

396 messages,  Last post on May 19, 2013 at 2:23 PM

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What is this discussion about? Volkswagen Touareg, Car Leasing, SUV

Messages Page 16 of 41

#142 of 396 Getting out of a lease? by archielevick

Feb 20, 2008 (6:33 am)

I have 12 months left on my lease for a 2005 VW passat glx 4-motion. I'd love to get into a Touareg V6 (it's so awesome!). So far, I haven't had much luck with the dealer (Fred Beans and Wynn in PA). Is it possible to do this without taking a financial hit? I am starting to think that I should wait 6-8 months.
 
I'd love to utilize a lease trading website, but VW credit will only add the new lessee as a primary, and I would have to stay on as a secondary; which means I am still liable for payments and the car if the primary disappears.

#143 of 396 Re: 2008 Touareg [bmoney1] by theroux1

Feb 21, 2008 (4:13 pm)

Replying to: bmoney1 (Feb 15, 2008 10:53 am)
bmoney1 - Can you tell me where you bought yours? I'm in NJ and the best deal I have found so far on the V8 is $4200 off MSRP (Base V8 and tow package). At $48,250 for lux plus and tech, I would definitely buy one. Thanks.

#144 of 396 V6 Touareg by mdiab

Feb 24, 2008 (10:43 am)

I am looking at getting a V6 Touareg with the Lux Package, trailer hitch and suspension package.
 
Two questions
1) does anyone have the suspension package? - Worth the money?
2) What kind of moneyfactor and residual are people getting?
 
My dealer said the MSRP is $46,590, but he was lowering it to $42,990. Sounds good, but the lease sounded high (Residual is very important to me since I am buying at end)
 
10K / year
$610.91 + tax / month
$24,692.70 Residual

#145 of 396 Re: Considering Buying 06 Touareg Lease [kyfdx] by alakate

Feb 27, 2008 (1:38 pm)

Replying to: kyfdx (Nov 02, 2007 2:02 pm)
VW dealership called with an incentive offer to turn ove my '06 V6 for an 08. I have a year left on the lease. They are offering a $2,000 loyalty rebate and the deal needs to happen by Friday. I am paying $380 a month which is a great price. I may go over by approximately 8,000 miles at end of lease turn in (.20 per mile). So I am going to go down to see what price they will offer for the 08. Any suggestions on negotiating?

#146 of 396 2008 Touareg Lease by alakate

Feb 27, 2008 (8:16 pm)

Replying to: alakate (Feb 27, 2008 1:38 pm)
Dealer offered to take my '06 V6
 
for a '08 V6, black MSRP $40,000
 
36 months
$1,000 down $471.00 (that includes taxes) per month
or
$1,500 down $454.00 (includes taxes) per month
 
thoughts?

#147 of 396 March 2008 by tonyiamhe

Mar 03, 2008 (8:07 am)

Does anyone have the lease rates and all that fun stuff for March? Looking to get into a Touareg this month.

#148 of 396 Re: 2008 Touareg [theroux1] by bmoney1

Mar 07, 2008 (1:18 pm)

Replying to: theroux1 (Feb 21, 2008 4:13 pm)
I was able to get an extra 2K off because they hooked me up with the March program in Feb. There is a 2K incentive on Touareg's if you already have a VW. I bought it at Fairfax VW in Virginia.

#149 of 396 Re: Out-of-door price for 2008 Touareg2 with lux and tech packages [thammeo by Car_man HOST

Mar 18, 2008 (2:26 am)

Replying to: thammeow (Feb 10, 2008 10:36 pm)
Hello thammeow. If I was personally in the market for a 2008 Touareg in an area that has a decent level of competition, I would shoot for a selling price of around $500 over dealer invoice. The market for new vehicles is pretty slow right now, plus gas prices are high and the Touareg sucks it down. If you shop around, you may be able to find a dealer that will sell you one for this low a price. If you lease, a selling price of $500 over invoice would actually be equivalent to $500 under invoice once the $1,000 cash incentive that Volkswagen is providing on leases of this truck through VW Credit is taken into account. Try stopping by the following discussion for additional information on how much you should pay for this vehicle right now: "Volkswagen Touareg Prices Paid and Buying Experience".
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#150 of 396 Re: Getting out of a lease? [archielevick] by Car_man HOST

Mar 18, 2008 (2:29 am)

Replying to: archielevick (Feb 20, 2008 6:33 am)
Hi archielevick. I am sorry to say that unless Volkswagen is running some sort of official early lease termination program that I am not aware of it is likely going to be fairly expensive for you to get out of your Passat lease its scheduled end date. 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". 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.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#151 of 396 Re: V6 Touareg [mdiab] by Car_man HOST

Mar 18, 2008 (2:41 am)

Replying to: mdiab (Feb 24, 2008 10:43 am)
Hi mdiab. I don't have an opinion on whether the Touareg's suspension package is worth the money, but I can give you an idea of what its current lease program is like. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Touareg V6 with 10,000 miles per year are .00066 and 53%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,000 cash incentive that Volkswagen is currently providing on leases of it through VW Credit. There is additional loyalty cash on this truck is you are a current Volkswagen owner or lessee.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 16 of 41

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