- #209 of 271
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Re: 2009 Volkswagen GTI 4-Door Lease Question [pfje]
by Car_man HOST
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Oct 20, 2008 (3:53 pm)
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Replying to: pfje (Oct 14, 2008 4:29 am)
I'd be happy to help you out, pfje. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2009 Volkswagen GTI 4-Door that has an MSRP of $26,389 and a selling price of $24,449 through VW Credit right now for 24 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $412. The payment for an otherwise identical 36 month lease is $344. The 3 year lease looks very tempting to me. I personally almost pulled the trigger on a GTI a few years ago, but the timing just wasn't right...VW's lease program wasn't good enough the month I needed it to be (expiring lease).
Volkswagen is still providing lease support on the 2008 GTI. Its residual values for the '08 model are a couple of points lower, but its money factor is much better, it has 500 lease cash on the '08 model, and dealers will likely be more willing to deeply discount their leftover vehicles. I suspect that a similar '08, if you can still find one the way that you want it equipped, might be around $20/month less than an '09.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #210 of 271
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Re: 2009 Volkswagen GTI 4-Door Lease Question [billdct]
by Car_man HOST
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Oct 20, 2008 (3:56 pm)
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Replying to: billdct (Oct 14, 2008 4:40 am)
Hey billdct. Leasing an '08 model is actually still a better deal than leasing an '09. See my previous post for more information on this subject.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #211 of 271
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2009 GTI Lease
by die4valor
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Oct 26, 2008 (6:41 am)
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car man--just got back from my dealer. can you let me know if this deal sounds fair?
msrp: $25663
sell price: $24700-ish
terms:
39 month
$1500 down
$363/month
includes all taxes/fees.
during our conversation, he said he could probably get it below $350. then went on to say he could do it at invoice. also said i need to do by end of the month, as residuals drop, the price will increase.
what say you?
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- #212 of 271
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Re: 2009 GTI Lease [die4valor]
by Car_man HOST
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Oct 28, 2008 (3:25 am)
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Replying to: die4valor (Oct 26, 2008 6:41 am)
Hi die4valor. A base 2009 GTI has a spread of around $1,600 between its full MSRP and its dealer invoice price. The $963 dealer discount that you were quoted on this car isn't bad. It's probably a little over $600 over invoice or so. The problem is that this car doesn't have very a big dealer margin, so even though you are getting less than $1,000 off, the dealer isn't making a ton of money. Things are very slow in the auto industry right now, I wouldn't be surprised if you were able to get this car at invoice, especially if the dealer has already hinted that it's possible. Hold them to it.
Just make sure that the dealer uses VW Credit's current 39 month buy rate lease money factor of .00156 to calculate your monthly payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #213 of 271
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Re: 2009 GTI Lease [Car_man]
by billdct
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Oct 28, 2008 (4:56 am)
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Replying to: Car_man (Oct 28, 2008 3:25 am)
die4' I think you can do better. I have some numbers that I can post up later. Also a question for Car_man. The VW lease numbers are pretty good right now. Any sign that VW is going to go the route of other car manufacturers and increase the lease costs in the near future. I can't get out of my 06 Jetta lease until 12/31/08 at the earliest as my lease contract actually expires on 3/31/09.
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- #214 of 271
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Re: 2009 GTI Lease [billdct]
by die4valor
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Oct 28, 2008 (12:35 pm)
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Replying to: billdct (Oct 28, 2008 4:56 am)
thanks car man!
billdct--can you post those numbers? should it matter what area of the country im in?
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- #215 of 271
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Re: 2009 GTI Lease [die4valor]
by billdct
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Oct 28, 2008 (5:25 pm)
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Replying to: die4valor (Oct 28, 2008 12:35 pm)
I live in CT and car would be purchase in PA. 09 4 door GTI. Manual trans, rubber mats,Moon roof, prem sound. sticker 26064, 39 mos 15000 per year, $1000 total out of pocket at delivery, payment =$331 per month. I am a current vw leasee so no security deposit is required and I think that there is at least $500 of some loyalty money. For reference figure for each additional $1000 put down you will reduce the payment by 30/month. I really dont like the fact that the 09 VW's only carry 3 year 36000 on the bumper to bumper warranty so you are left hanging for a good portion of the lease. Hope this helps.
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- #216 of 271
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Re: 2009 GTI Lease [die4valor]
by Car_man HOST
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Oct 29, 2008 (3:36 am)
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Replying to: die4valor (Oct 28, 2008 12:35 pm)
You're very welcome, die4valor.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #217 of 271
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Re: 2009 GTI Lease [billdct]
by Car_man HOST
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Oct 29, 2008 (3:39 am)
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Replying to: billdct (Oct 28, 2008 5:25 pm)
Thanks for providing information on your recent GTI lease, billdct. Real world examples like this are always very helpful to others who are in the market for similar cars. If you'd like, you can also hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride, I know that I would (I love the GTI)  .
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #218 of 271
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Re: 2009 GTI Lease [billdct]
by die4valor
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Oct 29, 2008 (10:57 am)
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Replying to: billdct (Oct 28, 2008 5:25 pm)
blldct-
thanks for the numbers it really helped in my negotiations.
$1500 down
$330/month for 39 months
(09 coupe, manual, sunroof, premium audio, ipod and mats)
i don't qualify for the $500 loyalty that you do, but i still think i'm gonna do it.
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