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Volkswagen Tiguan, Car Buying, Car Leasing, SUV
#244 of 603 AWD SEL Lease
May 03, 2010 (3:33 pm)
I am having a hard time reconciling a lease payment being given to me by my local VW dealer.
Interested in a 2009 VW AWD Tiguan SEL w/ Hitch/Pano Roof/Nav/Protection Kit:
Dealer MSRP = $38,300
I get invoice pricing via my employer which they stated was = $36,266
I estimate $800 as my fees (as title/license fees) no security deposit required.
My Down Payment = $2500
36 mnth/10K/year = Residual of 47%
Money Factor = .00135
Sales Tax = 9.8%
I get payment around $560/mnth but am being quoted $620ish. Am I way off or are they? I have used several different calculators but simply cannot arrive at a payment that's even close! HELP!
#245 of 603 Re: AWD SEL Lease [thewill]
by Car_man HOST
May 06, 2010 (3:21 am)
Hi thewill. In your post you mentioned this truck's dealer invoice price. Am I correct in assuming that this is the selling price that you are being given? If so, I wouldn't be surprised if you could do better than that. Volkswagen is currently providing a $1,500 cash incentive on leases of he 2010 Tiguan SEL. This means that a selling price of invoice is really equivalent to $1,500 over. If I was in the market for this truck, I personally would shoot for $500 over, which would be $1,000 under invoice after taking the cash incentive into account.
Let's work up a payment on this truck and see whose estimate was closer, yours or the dealer's. According to my calculations, if you were to lease a 2010 Volkswagen Tiguan SEL that has an MSRP of $38,300 and a capitalized cost of 37,066 (invoice + $800 in fees) through VW Credit right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $536. With a $2,500 cap cost reduction, this truck's monthly payment would drop to around $466.
All of these numbers are for a 2010 Tiguan. Volkswagen is not providing lease support on 2009 models any longer, so don't bother leasing one.
Prices Paid: Buying & Leasing Experiences Forum
#246 of 603 Re: AWD SEL Lease [Car_man]
May 07, 2010 (8:05 am)
The issue with leasing the Tiguan is that they don't seem to lease very well when compared to other leases within this price range. But, other than more space offered for luggage, there is not true advantage to have this model. I have thought about leasing the model, but it is essentially a car with a bit more space. Also, I can think of many other cars that are leasing much better.
#247 of 603 Re: AWD SEL Lease [bvdj84]
May 09, 2010 (6:40 am)
That may be your opinion but I leased one of these and it is an incerdible SUV. The RAV4 and CRV on paper might be in the same class but in reality they are not. Inside and out it is better, European vs. Japanese, there is a real difference.
#248 of 603 Tiguan lease
May 11, 2010 (3:01 am)
I am looking into leasing the Tiguan Wolfsburg edition in June. The only thing I might wanna add on is the sun roof. IYO, would I be better of with AWD or FWD. Is it gonna make a big difference in the residual value? Don't care about it when it comes to driving.
On that not: what are June's (or May's if you don't have June yet) MF and Residual on a 36month/10k miles lease and do you know of any incentives for either months?
Any point in doing a 48month lease?
One more question: I saw this on an info site about car leasing:
Your Goals When Leasing A Vehicle:
* Pay $0 down, $0 security deposit, $0 bank fees, $0 dealer fees.
Is there a way to get out these fee's for real?
#249 of 603 Re: 2010 SEL 2WD [Car_man]
May 12, 2010 (6:31 am)
Why am I seeing such a big difference in the MF and residual % from thread to thread?
Can you please give me the current numbers for Tiguan Wolsburg, 36month/10 000 miles
and also for the S model?
Am I correct in saying that the MF is much higher and the Residual is much lower than on a Jetta? So this car is kinda of a bad deal for leasing?
#250 of 603 Re: 2010 Wolfsburg FWD [zdogs]
May 16, 2010 (5:44 am)
Hi - I just saw your post. Were you able to get this lease from your post? I spent 2 hours at the dealer yesterday looking for almost that same deal and they let me walk and told me they couldn't do it. I'm in Central Florida.
#251 of 603 Tiguan wolfsburg lease
May 17, 2010 (6:53 am)
Anybody know what the current (May/June) mf and residual are on the Tiguan Wolfsburg FWD on a 36 month/ 10k lease and if there are any incentives now, or coming up next month?
Any info would be GREATLY appreciated!!
#252 of 603 Really want Tiguan, trying to figure out lease offer
May 18, 2010 (10:13 am)
Hey folks, I need help. This is the first time I've leased a car and I still don't fully know how money factor and residual fit into the equation.
Nonetheless, I've sent requests to multiple dealerships and for the Tiguan S, I am getting offered the $2499 down, $259 month, plus taxes/tags for a 12k/36m package. Is this worth it? I have a friend who just leased a Rav-4 with similar MSRP for $248 a month with gap insurance and $0 down and paid $1800 in taxes/tags. Does this mean that the Rav4 is worth more at the end of the lease and I'm just a fool for paying more?
I always heard you should put zero down but it seems like if I do that, my car payments will be about $340. That's fine but I don't want a high payment with a kid on the way. Am I covered for the $2499 with gap insurance?
#253 of 603 Re: Really want Tiguan, trying to figure out lease offer [dmr02d]
May 18, 2010 (3:20 pm)
not sure if you are gonna have any luck getting answers from the hosts on this car. I haven't gotten a response in a while. Here is what my dealer offered without me negotiating:
same car but 36 month with 10k miles
the residual value on this car (according to my dealer..I was hoping to confirm this here, but didn't hear back) is 53% on the 10k, which means if I am correct that on the 12k lease it's 52%. So times your MSRP by .52 and that's your residual value at the end of the lease.