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Volkswagen Tiguan Lease Questions

142 messages,  Last post on Nov 10, 2009 at 8:57 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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#117 of 142
Re: seeking 36mth/12k Tiguan SE w/full sun/moon roof in nj [dmannj] by Car_man HOST
Jun 22, 2009 (2:46 am)
Reply

Replying to: dmannj (May 11, 2009 7:32 am)

Hi dmannj. The easiest way for me to tell how good a deal you are getting on this truck is for me to take a look at its selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Let me know what this number is and I will be happy to tell you what I think of this deal.
 
Car_man
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#118 of 142
Re: Seeking 36mth/12K [phollie] by Car_man HOST
Jun 22, 2009 (2:53 am)
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Replying to: phollie (May 11, 2009 8:22 pm)

I'd be happy to work up a sample lease payment for you, phollie. According to my calculations, if you were to lease a 2009 Volkswagen Tiguan SEL that has an MSRP of $36,000 and a selling price of $34,500 through VW Credit right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $538.
 
I suspect that you will be able to negotiate a lower selling price than $34,500 on this car. After then $1,000 cash incentive that is available on leases of it is taken into account, you're only getting a $500 dealer discount.
 
Car_man
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#119 of 142
Re: Is this a good deal for lease on a basic Tiguan S Auto [bestdeal42] by Car_man HOST
Jun 23, 2009 (1:49 am)
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Replying to: bestdeal42 (Jun 15, 2009 2:13 pm)

Hi bestdeal42. Let's take a look at the deal that you were offered. It appears as though you are interested in a base Tiguan S 2WD with an automatic transmission and no other options. The dealer invoice price of that vehicle is $23,301. That drops to $22,301 after then $1,000 cash incentive that is available on this model is taken into account. Considering the fact that the price that you mentioned includes the acquisition fee for your lease, I'd say that this is a very good offer.
 
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#120 of 142
Re: Is this a good deal for lease on a basic Tiguan S Auto [Car_man] by mvs1
Jun 23, 2009 (6:35 pm)
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Replying to: Car_man (Jun 23, 2009 1:49 am)

Hello Car_man. Where are you seeing the $1K incentive on this vehicle? I do not see this on the incentives page here.
#121 of 142
Re: Is this a good deal for lease on a basic Tiguan S Auto [Car_man] by bestdeal42
Jul 08, 2009 (11:58 am)
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Replying to: Car_man (Jun 23, 2009 1:49 am)

car_man
I guess I waited too long thinking prices will be better in July, instead for a 12K miles 36 month lease on a Tiguan S the residual dropped from 46% to 45% and the money factor increased from 0.00133 to 0.00173
 
So this is the best deal I could get
 
Tiguan S with 17" Alloys and Bluetooth
MSRP: $25775
Purchase Price: $22175
Acq fee: $575
Capitalized cost: $22750
MF: 0.00173
Residual: $11598.75 (45%)
Monthly: $369.18+tax
 
I am debating whether or not to take advantage of the VW offer of reducing the MF by leaving a security deposit. For each $400 put down as security the MF reduces by 0.00008 (max $4000). I figured if I use the max $4000 the money factor would drop to 0.00093 I would save $1000 on finance charges over 3 years. Not bad return for $4K investment.
 
What are the risks associated with leaving a huge security deposit?
 
Thanks
#122 of 142
Re: Is this a good deal for lease on a basic Tiguan S Auto [mvs1] by Car_man HOST
Jul 10, 2009 (2:35 am)
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Replying to: mvs1 (Jun 23, 2009 6:35 pm)

Hi mvs1. I'm an independent contractor who is not involved with updating the Edmunds.com incentives page so I'm not sure why the data there on VW incentives is incomplete. I am positive that Volkswagen is providing a $1,000 cash incentive on leases of the 2009 Tiguan through VW Credit right now.
 
Car_man
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#123 of 142
Re: Is this a good deal for lease on a basic Tiguan S Auto [bestdeal42] by Car_man HOST
Jul 10, 2009 (2:37 am)
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Replying to: bestdeal42 (Jul 08, 2009 11:58 am)

Hi bestdeal42. Multiple security deposits are a much better way to lower your lease payment than making a down payment aka capitalized cost reduction. The only risk that I would be worried about with MSDs is whether you get them back if your vehicle is totaled. It wouldn't hurt to check with VW Credit on this subject before pulling the trigger on a deal.
 
Car_man
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#124 of 142
Re: Is this a good deal for lease on a basic Tiguan S Auto [Car_man] by bestdeal42
Jul 10, 2009 (2:36 pm)
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Replying to: Car_man (Jul 10, 2009 2:37 am)

Car_man
 
I contacted VW credit and they said in the event of the vehicle being totaled the only way I would loose my security deposit is if the insurance company did not cover the whole loss. I have added GAP insurance for a few dollars more to my policy to make sure that does not happen.
 
I went ahead and pulled the trigger on the deal and I love my new Tiguan, absolutely no buyers remorse, it is a great car.
 
Thanks for your help.
 
bestdeal42
#125 of 142
2009 VW Tiguan SEL by solbro
Jul 15, 2009 (8:51 am)
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I'm in a pickle. The lease on my Benz E350 is up. LOVE the car but way too expensive in this day and age. I looked at the Escape Hybrid (ok), Hyandai Sonata (ok) and the VW Tiguan -- which I really liked. The deal had a 2009 SEL (leather a biggie for me) w/ 1500 miles on it. The MSRP is 29K-plus. He said '28K is more likely.' I've always leased, maybe I should buy. I NEVER put money down. I have never dealt w/ VW before. What's the best way to approach this? Car negotiation is not my strength. Thanks to anyone who replies.
#126 of 142
Tiguan lease by solbro
Jul 16, 2009 (5:53 pm)
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I found a 2009 SE w/ sunroof. They want 3K down at $405 a month (price of car is 28,495.00. Sounds like waaay too much on the money down for a lease. Yea or nay?

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