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Volkswagen Touareg Lease Questions

201 messages,  Last post on Oct 28, 2009 at 7:00 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#173 of 201
My Toureg by champsaur
Jul 03, 2008 (7:40 pm)
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just today i got:
 
MF: 0.00004
RV: 49%
36 Months
12K miles
$0 Down (except 1st month)
$469.99+tax per month
 
This was on a T2 with the Lux Package. I also got the OEM iPod adapter installed for $299 (paid out of pocket in top of the lease)
#174 of 201
Re: My Toureg [champsaur] by brendanm14
Jul 07, 2008 (10:52 am)
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Replying to: champsaur (Jul 03, 2008 7:40 pm)

the dealer gave me the same MF and residual but was WAY OFF with that monthly payment....what was the cap cost of the T2?
#175 of 201
Re: Early termination [peungy] by Car_man HOST
Jul 16, 2008 (2:02 am)
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Replying to: peungy (Jun 24, 2008 2:57 am)

Hi peungy. Unfortunately, you can't just return your leased car well before its scheduled end date without having to pay a penalty. You can either purchase your vehicle from VW Credit and try to sell it on your own, which will likely cause you to experience a substantial loss given the recent drop in the value of used SUVs, or you can continue to pay your lease payments. Either way it is going to cost you money to get out of your lease at this point.
 
A third option would be to try to find someone who is willing to assume your lease. I'm not sure if VW Credit allows lease assumptions, but many banks do. The trick is finding someone who is willing to assume your lease. Web sites like swapalease facilitate transactions like this, but you will likely have to pay money out of your pocket to entice someone to take over your lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#176 of 201
by zkaudio
Jul 31, 2008 (2:13 pm)
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anyone else leasing toureg's lately? Any major changes from 2008? Is the toureg 2 the 2009 model?
 
Lease rates still as good as they were in teh above post?
#177 of 201
Don't Buy That Touareg Just Yet! by tayl0rd
Aug 12, 2008 (7:45 am)
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You should seriously go look at the Kia Borrego. The interior is almost a clone of the Touareg on the inside, except for the seat design and 3rd row.
#178 of 201
Re: Early termination [Car_man] by jegusa1
Aug 13, 2008 (4:11 pm)
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Replying to: Car_man (Jul 16, 2008 2:02 am)

Hi Car_man,
 
In this buyer's car market, especially with Toureg's not-so-great gas mileage, do auto mfr's really want cars returned after the lease is up? Wouldn't they be incentivized to make a deal now, break the lease if someone wants to buy the car? I heard Ford and GM are getting out of the leasing game now.
 
Seems like this is a climate where deals can be made so car mfr's aren't left with older inventory on their hands...
 
What I'm getting at, I would also like to break the lease with the ex. toureg and just offer to buy it from them, but don't want to get stuck with penalties. Is VW not going to make any deals at this point?
#179 of 201
Re: Early termination [jegusa1] by Car_man HOST
Aug 15, 2008 (1:46 am)
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Replying to: jegusa1 (Aug 13, 2008 4:11 pm)

Hi jegusa1. Generally speaking, lessees have the most bargaining power when they are close to the scheduled end of their deals. If you were a month or two away from the scheduled end of your deal I would not be surprised at all if VW was willing to negotiate your purchase price, but banks really don't have much of an incentive to let consumers out of their leases early. You can always give Volkswagen Credit a call to see if they would be willing to work with you at this point, but I suspect that even if they are willing to let you out of your deal early without having to pay a penalty they will not be willing to do much for you on your truck's selling price. You never know though, I could be wrong. You certainly don't have anything to lose by asking. Give it a shot and if you don't mind stop back and let us know what they say.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#180 of 201
08 Touareg money factor, residual - September by stratburst
Sep 08, 2008 (12:30 pm)
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Hi Car_man,
I am curious if you or anyone else on this thread knows what lease terms VW Credit is offering September for an 08 Touareg 36 and 48 month term?
 
Thanks in advance!
#181 of 201
VW V10 Touareg 2 by roadking1
Sep 16, 2008 (5:39 am)
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CarMan- what is the current moneyfactor and resid on the v10 touareg? Looking at a 36 or 24 mo lease, 10K per year. Thanks in advance.
#182 of 201
Re: 08 Touareg money factor, residual - September [stratburst] by Car_man HOST
Sep 18, 2008 (3:08 am)
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Replying to: stratburst (Sep 08, 2008 12:30 pm)

Here's the information that you're looking for, stratburst. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Volkswagen Touareg V6 with 15,000 miles per year are an extremely low .00002 and 42%, respectively. The numbers for an otherwise identical 48 month lease are .00064 and a scary 35%.
 
When negotiating your lease on this truck, make sure to take the $1,500 cash incentive that Volkswagen is currently providing on leases of it through VW Credit into account.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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