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Prices Paid: Buying & Leasing Experiences 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
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Replying to: pil (Feb 20, 2006 8:06 am) Car_man Host Smart Shopper / Prices Paid Forums |
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hey carman .. I'm looking at both the V-6 and V-8 Touareg .. 36 or 39 month term .. .15,000K miles/year. Could you please tell me what the money factor and residual would be on the V6 & V8? What kind of down payment would I need to get my lease payment to $450 and lower??? my purchase price on the V8 touareg, package#2 is $44,200. Does that price sound good to you or do I need to do more negotiating? And the dealer is trying to push me toward a ballon rather than a lease. I'm not familiar with the balloon but they say everything's the same as a lease, but the rates are better. here's what they're offering .. 36-mth, 15K miles, 50% residual, 3.06% rate. Sounds too good to be true?
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Replying to: ymac (Apr 12, 2006 5:46 pm) In your post you asked how much of a down payment you would need to get your monthly payment below a certain level. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Touareg would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all. You would be better off going with a slightly higher monthly payment and no down payment. For feedback on the price that you were quoted for this truck, try stopping by the following discussion: "Volkswagen Touareg: Prices Paid & Buying Experience". Balloon notes are indeed very similar to leases. Both provide consumers with low monthly payments and the option to purchase their vehicle for a specific price after a specific period of time. The main difference between balloon notes and leases is that with leases the bank's name is on a vehicle's title, while with balloon notes yours is. I don't see any reason why a balloon note would have a significantly lower monthly payment for this model than a lease would. Banks' lease programs and balloon note programs usually provide fairly similar monthly payments. The only reason that I can think of why the balloon note would be more attractive is if you are in a state that has tax laws that charge less for balloon notes than for leases. Car_man Host Smart Shopper / Prices Paid Forums |
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With balloon financing, you are also paying sales tax on the entire purchase price. Leases only charge tax on the lease payments. Also, self-employed and small business owners often lease cars to write off the lease payments. Balloon payments are not deductible, though business owners may be able to book the asset and write off the depreciation. Please correct me if I'm wrong about any of this. |
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Hi, Last year (August '05), we leased a Touareg and after a few months learned that the lease financing had been obtained using a social security number that wasn't mine. We've decided to buy, versus lease it, but are perplexed that the purchase price will now be around 10K higher than the original sale price. The new invoice charges us for: "cash price assessories" $995.00 new service contract $2500.00 "tire and wheel" $659.00 new Gap insurance (two separate entries) ANFS for 599.00 plus VCP 1080.00 new license fees $321.00 The bank payoff is $38,641.00 They want $6,000.00 down and our new amount to be financed is $42,151.00. Total cost 48,151.00 Shouldn't something be refundable from the original lease? Shouldn't GAP insurance or warranty stay with the car?? I'd be grateful for any input at all. Thanks!
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I have been quoted a base V8 with MSRP appx 45K to lease with the following numbers: - Priced at $41,500 - 12K miles / 36 month - sign and drive - .00036 money factor - 51% residual - monthly payment at $548.00 Can anyone (Car_Man?) advise if this looks like a good deal? Thanks,
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Replying to: cursichella (Jun 03, 2006 10:47 am) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: mnarowand (Jun 03, 2006 6:07 pm) As far as the selling price that you were quoted goes, there is a spread of a little over $4,000 between this truck's base MSRP and dealer invoice prices. You are being given a $3,500 discount on the truck that you are interested in. This sounds reasonable to me, but you may want to stop by the following discussion to see how much other community members have paid for similar trucks lately: "Volkswagen Touareg: Prices Paid & Buying Experience". Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Jun 04, 2006 6:58 am) The dealer is offering a true "sign & drive" - no acquisition and no security deposit. Is that worth the extra money factor? Thanks again!
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Replying to: mnarowand (Jun 04, 2006 7:03 am) Car_man Host Smart Shopper / Prices Paid Forums |
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