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Volkswagen Jetta: Lease Questions

1020 messages,  Last post on Dec 08, 2009 at 6:16 PM

You are in the Volkswagen Jetta Forum. Your Hosts are pat & karens

What is this discussion about? Volkswagen Jetta, Car Leasing, Sedan, Wagon


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#986 of 1020
Re: Lease 09 Jetta SE [m01010] by jingorm
Oct 10, 2009 (9:17 pm)
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Replying to: m01010 (Oct 06, 2009 12:38 pm)

i might be interested in taking over your lease. Can you tell me the specs on your car, the actual lease end date, the mileage allowance, and when you need to turn the car over?
 
please email me directly at jingo1gmail.com
 
thanks.
#987 of 1020
Re: Jetta Sportwagen [strokerkriby1] by Car_man HOST
Oct 14, 2009 (2:54 am)
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Replying to: strokerkriby1 (Sep 24, 2009 9:17 am)

Hello strokerkriby1. VW Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2009 Jetta Wagon SE with 12,000 miles per year are .00084 and 46%, respectively. The residual value for a lease with only 10,000 miles per year is 1% higher.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#988 of 1020
Re: 2010 SE and Wolfsburg [selm] by Car_man HOST
Oct 15, 2009 (1:54 am)
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Replying to: selm (Oct 03, 2009 10:31 am)

Hi selm. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Jetta Wolfsburg with 15,000 miles per year are .00133 and 51%, respectively.
 
As far as cash incentives go, Volkswagen is currently providing $750 on VW Credit leases of Jetta Sedans with automatic transmissions and $1,250 Sedans with manual transmissions.
 
This car's special financing rates are 0.0% for up to three years, 2.9% for four years, and 3.9% for five years.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#989 of 1020
Re: Leasing 2010 Jetta SEL [greenarrow1] by Car_man HOST
Oct 15, 2009 (1:57 am)
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Replying to: greenarrow1 (Oct 05, 2009 6:55 pm)

Cool username, greenarrow1. Here's the information that you're looking for. VW Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Jetta SEL Sedan with 12,000 miles per year are .00048 and 51%, respectively. The numbers for an otherwise identical 48 month lease are .00120 and 44%.
 
Volkswagen is currently providing a $750 cash incentive on leases of Jetta Sedans with automatic transmissions and $1,250 on Sedans with manual transmissions.
 
VW is not offering any loyalty incentives that I am aware of on this model right now, but it doesn't hurt to ask the dealer if there is any.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#990 of 1020
Help leasing 2010 Jetta SE by leah732
Oct 15, 2009 (4:14 pm)
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I was quoted over the internet, 2699 down and 239 a month for 36 months and 12k on a vw jetta. I am strongly considering it, but want to get the best deal I can. Furthermore, this was quoted for the standard SE, which I don't think comes with a leatherette interior that I prefer.
 
This comes to a lease price of 20150, while the MSRP for a standard SE is $22410.
 
Can I negotiate a better deal and get the interior that I want. I know I should negotiate the whole price of the vehicle. Furthermore, I have fair credit and need a monthly payment under 300. Do i have to put that high of a down payment ($2699)?
#991 of 1020
Re: Help leasing 2010 Jetta SE [leah732] by bvdj84
Oct 16, 2009 (6:46 am)
Reply

Replying to: leah732 (Oct 15, 2009 4:14 pm)

Please do not put that much down on this lease! With a sale price of around $20k, it would hold a payment of around $300. More than likely under that. That would be financially unrealistic to put that much down for a lease.
 
Remember that for every $1,000 down, it only removes about $20 or so off your lease payment. It does not go to the principal, only to a "pretty" payment. Always, start off a lease deal with $0 down.
 
I do believe the leatherette does come standard with the SE. Nice part of about this, is that it wears extremely well. Getting the SEL(the top of the line Jetta) is more tough, not necessary, and would push you over your payment request.
 
Before signing anything, make sure you see the cost of the car, no hidden fees, dealer fees, etc. I currently lease an 08 Jetta SE. You will love the car!
 
Good luck, and one tip for ya, Take it slow when doing any deal. Its your money and it will be your car. There are other dealers out there. I think if we all slowed down, and looked at the deal realistically, we would be much happier. But, the have to have the new cars looking all shiny and new. It gets the emotional side of us all.
#992 of 1020
Anyone have a 09 / 10 SE(L) Lease to takeover by rsingleton
Oct 17, 2009 (11:48 am)
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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.
#993 of 1020
Re: Help leasing 2010 Jetta SE [bvdj84] by leah732
Oct 17, 2009 (1:04 pm)
Reply

Replying to: bvdj84 (Oct 16, 2009 6:46 am)

The dealer i am corresponding with said he can do 0 down with monthly payments of $318.
 
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!
#994 of 1020
Money Factor Rate Based on Credit by rsingleton
Oct 18, 2009 (6:10 am)
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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.
#995 of 1020
Re: Help leasing 2010 Jetta SE [leah732] by bvdj84
Oct 18, 2009 (6:48 am)
Reply

Replying to: leah732 (Oct 17, 2009 1:04 pm)

That payment is exactly what I was thinking you were going to get! I have had 2 leases in this range and have managed to keep the payment around this payment.
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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