Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 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
|
Replying to: k2chad (Jan 04, 2009 5:34 am) The acquisiton fee is legit and you will never get out of paying it. Never put ANY money down on a lease, ever. You could have paid your first 2 payments with that money. |
|
|
Replying to: k2chad (Jan 04, 2009 5:34 am)  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
Hi, Will appreciate if someone can let know your thoughts on the below based on your expertise/experience. Where can I get them to improve or negotiate?. Got this from a Dealer in Houston, TX. "12k per year is $429.45 and the 15k per year is $442.68. Now, I forgot to include owner loyalty of $500. So, with the owner loyalty and you paying your TTL, your payment would be for the 15k per year plan $416.20 a month. PRICE $ 23,642.00 STATE LOCAL TAX $ 1,493.19 PHANTOM $ 249.00 DOCUMENTARY $ 50.00 TITLE $ 33.00 LICENSE $ 59.80 INSPECTION $ 23.75 CITY ROAD & BRIDGE $ 11.50 INSURANCE & REG $ 1.00 INVENTORY TAX $ 52.23 DRIVE OUT $ 25,615.46 Thanks Fco |
|
|
Replying to: fcastillo (Jan 13, 2009 7:12 pm) I think your average payment for a car this price should be $330-370 or so. Depending on lease factors. I would go back and try again. Get other quotes from other dealers too. Seems a little off. I have a $24k car and I only pay $319, with $0 down. Standard lease. Though, lease numbers play a role, but only to a point.
|
|
|
Replying to: fcastillo (Jan 13, 2009 7:12 pm) Once you get the MSRP (should be on the window sticker), find the invoice price, again with options that you have on the vehicle. This should be the price you start from in negotiating your lease. Google a lease calculator and use it to see how much of a difference your buy price makes, usually a fair amount. You want to get as close to invoice as possible and if there is a large supply you can probably get beneath it. If your heart is set on one color or option package then it will be harder. You can also find out the dealer incentives, either again by sleuthing through the Google, or buying the Consumer Reports Tiguan info for January ($14). As an example, my SE 4 Motion had a $578 dealer holdback until Jan. 2. I was able to use this in my negotiations a little bit as I knew how much they would still take on the car. Finally, don't put money down as a cash cap reduction. I did opt to pay $919 out of pocket on mine, but these were for origination fees only. Not to reduce the vehicle price. A true VW 'sign then drive' lease rolls these into the lease. Also realize that the VW bumper to bumper warranty is only 36,000 miles. I can put up to 39,000 miles on my car. I'm not a fan of the 39 month lease for this reason. But occasionally VW and others will offer to 'pull ahead' leases near the end of term. I will gamble with the last 3000 miles being not under total warranty. VW also pays the first month on a sign then drive which is nice.
|
|
|
Replying to: k2chad (Jan 18, 2009 7:01 am) I leased my Tiguan S with MANUAL transmission w/ monster mats and gorilla gear for $320/month tax included and $500 down (against the origination/admin fees). The lease is for 39 months and with 15,000 miles allowance a year. It was a bit of a strategic layered attack...first bringing the cap cost down (MSRP was $24,200); then bringing down the money factor; then going after the residual value; and then going after the dealer fees/holdbacks/etc. There was still some fat for me to trim but my wife was tired from the days of going back and forth so I had to pull the trigger prematurely but I guess it was decent enough. The car drives great and is a lot of fun with that 2.0T engine matted to the 6MT! |
|
|
Replying to: bvdj84 (Jan 15, 2009 3:11 pm) I think your average payment for a car this price should be $330-370 or so. Depending on lease factors. I would go back and try again. Get other quotes from other dealers too. Seems a little off. I have a $24k car and I only pay $319, with $0 down. Standard lease. Though, lease numbers play a role, but only to a point. Actually lease numbers play a significant role. Matter of fact, they are the only factors. I pay $340 on an MSRP $32,000 car (36 months, zero down, 10K). Leases are solely determined by the money factor and residual. It is assumed that you have already negotiated a good selling price. My point is, you really shouldn't shop cars, you should shop the best lease numbers. You may find a $28,000 Honda Accord that leases for $480 per month. You may find a $28,000 Subaru Outback that leases for $350. The difference is in the money factor and residuals. |
|
|
I just test drove and loved the Tiguan SE. I received the following quote from the dealer for the following: SE, NAVI, SUNROOF, 18" Wheels, etc... MSRP $31,305 INVOICE $29,314 SELLING PRICE $28, 814 Which i think is a good offer, however, the lease numbers seemed way too high for a $28k car. Lease Offer: $1500 down, $536/Month, 36 Months, 12k Miles/Year Does anyone know what the current money factor is on a 36 month Tiguan? This offer seems almost laughable. Appreciate any feedback. Thanks
|
|
|
Replying to: trent_08 (Jan 19, 2009 7:17 am) There is no set money factor on any lease. EVERYTHING IS NEGOTIABLE. You should be able to get a money factor close to .00135 but you got to fight for it. You will also want bring the cap cost down through negotiation, not through money down. You will also want to negotiate up the residual value (perhaps around 58%) as well as the number of miles allowance per year.
|
|
|
Replying to: trent_08 (Jan 19, 2009 7:17 am) I don't know the current lease rates as they expired Jan. 2, but the numbers I ran with the old MF of 0.00135 and residual of 56% come out to a $392/month with ZERO down, including the $575 bank fee. I am glad I got the panoramic roof, but it is a $1300 option ($1148 invoice). Make sure you want navigation as I have heard mixed reviews of how good it is. Also, get numbers for $0 down and then play with paying some of the bank fees out of pocket if you have some cash. I got to a decent deal doing it that way. |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Volkswagen Tiguan Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Volkswagen Tiguan
Browse by Board
Browse by Topic
Today's Chats
