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Volkswagen Tiguan Lease Questions

144 messages,  Last post on Nov 28, 2009 at 8:33 AM

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

What is this discussion about? Volkswagen Tiguan, Car Buying, Car Leasing, SUV


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#12 of 144
Re: Money Factors [Car_man] by aramism
Oct 22, 2008 (5:48 pm)
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Replying to: Car_man (Oct 20, 2008 4:59 pm)

this is a good time to lease the tiguan. i'm looking into it myself. at invoice less $1000 family discount with nothing up front except dmv i am looking at like $430 a month on a SEL with navi, panorama roof. i am not sure if the bank fee is included up front or it is covered under the sign then drive but regardless it is a good deal. final cap cost of 33264 with the $1000 owner loyalty discount.
 
low mf pretty good residual + good time to lease. make sure you work out a good cap cost and you got yourself a nice deal.
#13 of 144
Re: Money Factors [aramism] by indianajohns
Oct 22, 2008 (8:24 pm)
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Replying to: aramism (Oct 22, 2008 5:48 pm)

What is the lease term? Sale price? NET Cap cost? Money Factor? Residual? I really don't see how that deal could be legit. This is the official deal from VW webstie. I don't see how you could lease a $36K Tiguan for only $440. NO WAY.
 
HERE'S THE DEAL FROM VW
$359/Month. 39-Month Lease
2009 Tiguan 2.0T S with Automatic Transmission
 
$0 Due at Signing
(excluding title, tax, options and dealer charges)
 
Or, see your local VW dealer for one of the many other great lease deals available on Tiguans.
©2008 Volkswagen of America, Inc. *U.S. cars only. Based on MSRP of $24,990 for a 2009 Tiguan 2.0T S with Automatic Transmission, excluding title, taxes, options and dealer charges.
#14 of 144
Re: Money Factors [indianajohns] by aramism
Oct 22, 2008 (8:28 pm)
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Replying to: indianajohns (Oct 22, 2008 8:24 pm)

$1000 under invoice
 
$34,196 is invoice (SEL 4motion, black, navigation, panorama)
so NET cap cost is $33,196
 
MF .00135 RESIDUAL 56%
 
39 month lease. taxes in lease. NY state.
 
$430 a month.
 
i'm not sure about the bank fee i forgot to write it down in my notes. this was almost a week ago but i'm pretty sure it was up front. though if it is covered by the sign then drive event they have then it is not. but like i said, it's not a big deal since the first payment is not covered. so worst case i am paying like $595 + dmv ($90) out of pocket and driving away. the deal makes sense financially. it is the $1000 owner loyalty plus the fact that i got them to lease the car out invoice. you just tell them look you can spend 3 weeks see-sawing between every dealer within 50 miles until it comes down to invoice anyway or save your time and let's get it done now. works most of the time, at least for me it has.
#15 of 144
Re: Money Factors [aramism] by indianajohns
Oct 22, 2008 (8:33 pm)
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Replying to: aramism (Oct 22, 2008 8:28 pm)

What's MSRP? Invoice doesn't matter. You don't need that to figure it out. Also, what's your tax rate?
#16 of 144
Re: Money Factors [aramism] by indianajohns
Oct 22, 2008 (8:38 pm)
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Replying to: aramism (Oct 22, 2008 8:28 pm)

Also, if invoice is $34,196 and NET CAP COST is $33,196 because of $1000 loyalty cash, where are your taxes? In NY don't you include taxes into lease, not just added to monthly payment? I'm sure I've heard numerous NY people complaining about this. If so your NET CAP COST can't be lower than INVOICE. You'd easily have over $1000 in taxes so you're back over $34,196 NET CAP.
#17 of 144
Re: Money Factors [aramism] by indianajohns
Oct 22, 2008 (8:45 pm)
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Replying to: aramism (Oct 22, 2008 8:28 pm)

In New York State, the full sales tax is collected on that $16,000 (DIFFERENCE OF MSRP AND RESIDUAL in example lease) at the beginning of the lease. In some states, however, the sales tax is just added to the lease payment on a monthly basis.
 
SOURCE:
http://www.nydailynews.com/money/2007/08/28/2007-08-28_paying_sales_tax_on_lease- - d_car_drives_a_-2.html
 
So again. I don't see how you are getting your $440. Not that any of this matters. This whole conversation has been based on a quote you received. You didn't get the car yet. When you do please post the numbers. Until then I don't think it's possible.
#18 of 144
Re: Money Factors [indianajohns] by aramism
Oct 22, 2008 (9:30 pm)
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Replying to: indianajohns (Oct 22, 2008 8:45 pm)

the MSRP is $36,920.
 
the tax rate in NYC is 8.625% (this makes the total taxes on this about $1400 i think off the top of my head
 
so even with the upfront (the tax sum being added into the cap cost) i am still getting a payment of $429.
 
you can check it yourself on an auto lease calc. there is a $2 difference in payment when you pay the taxes "in the lease" like you said or "on top of the payment" like in other states. regardless, i don't think $2 a month is that big of a deal.
#19 of 144
by ebetty
Oct 23, 2008 (5:43 am)
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I'm considering a lease on a 09 Tig SEL 4 mo, NAV, Pano and the best rate I'm getting is about $500/mo with $1000 down!!
 
(39 mo, 15k, .00185 money factor)
#20 of 144
Re: Money Factors [aramism] by stoopy
Oct 23, 2008 (7:25 pm)
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Replying to: aramism (Oct 22, 2008 9:30 pm)

I have also been looking at the Tiguan. The lowest monthly payment I've been quoted was $430 on an S model. Sticker was $29,000 something. I would like to know where you are getting this $429 on a $37,000 Tiguan. When you get the car can you fax my dealer the paperwork? Seriously, it is a VERY good deal.
#21 of 144
Re: Money Factors [stoopy] by indianajohns
Oct 23, 2008 (8:21 pm)
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Replying to: stoopy (Oct 23, 2008 7:25 pm)

The guy didn't actually lease this vehicle. This is just a "QUOTE" he had emailed to him or whatever. I also would like to see a copy of this lease contract, if he ever actually gets the car for this price, which is unlikely.

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