Sign In Join 



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


Messages Page 6 of 15
1
...
3
4
5
6
7
8
9
...
15
Prev
Next
Last
Go To Msg #
Search This Discussion

#48 of 142
Lease Advice Please by Gyrlwolf
Feb 22, 2009 (1:12 pm)
Reply
Looking to lease a 09' Tiguan, SEL 4Motion w/Nav & Mat Kit. Wanted panoramic sunroof, but monthly payment ($464) was going to be more than I wanted to pay ($400). I work for a company that allows us to purchase the Tiguan at dealer invoice price to include dealer price for options. That being said, this is what I was offered by our local dealer here in Southern NJ. The monthly payment sounds rather high to me still considering what I'm putting down (which I know for a lease I should try to not put down anything), but here are the numbers:
 
Dealer Invoice Prices:
$30,668 (SEL 4Motion AWD)
$750 Destination Charge
$1758 Navigation System
$150 Mat Kit
=Total of $33,326
 
Now here's where it gets interesting:
 
$33,326 selling price
$2,333 selling tax
$254 4 yr vehicle registration fee
$99 Doc Fee
$7.50 NJ Tire Tax Fee
=Total of 36,019.50
minus-$3,000 I'd put down
minus-$1,000 VW dealer cash
 
New financing total $32,020
 
Dealer came up with $464 mthly payment on 36 mth 12k a year lease.
 
Now is it me or is this monthly lease payment still rather high for the amount I'm putting down? Any feedback and suggestions will be greatly appreciated.
#49 of 142
Re: Lease Advice Please [Gyrlwolf] by ikramerica
Feb 22, 2009 (2:20 pm)
Reply

Replying to: Gyrlwolf (Feb 22, 2009 1:12 pm)

Well, just looking at it, you aren't really reducing the capital cost outside of the $1000 VW money and $300, as most of your $3000 is covering the taxes and fees. Do you know what your residual value is? It looks like you have a 0.0025 money factor and 55-56% residual?
#50 of 142
Re: Lease Advice Please [ikramerica] by Gyrlwolf
Feb 22, 2009 (2:30 pm)
Reply

Replying to: ikramerica (Feb 22, 2009 2:20 pm)

No, unfortunately, I was fighting so hard to make sure they didn't try to screw me over on the "dealer invoice" price for things that I forgot to check to see what that was. I will definitely call and ask tomorrow when they open. I just hate to be putting so much down. Am I being too cheap? Does $464 mthly sound like a good deal to you?
#51 of 142
Re: Lease Advice Please [Gyrlwolf] by kyfdx HOST
Feb 23, 2009 (7:54 am)
Reply

Replying to: Gyrlwolf (Feb 22, 2009 2:30 pm)

The sales tax seems high... I know NJ collects upfront, but I thought it was on the total payments... Seems like the tax should be around $1400 on a lease..
 
But, no.. $3000 upfront and $464/mo. seems like a lot for a Tiguan... they just don't lease out very well..
#52 of 142
Re: Lease Advice Please [kyfdx] by Gyrlwolf
Feb 23, 2009 (8:15 am)
Reply

Replying to: kyfdx (Feb 23, 2009 7:54 am)

Yeah, I'm gonna check with another local dealer. That sales tax just seems like a lot to me too.
#53 of 142
New Offer by Gyrlwolf
Feb 24, 2009 (8:14 pm)
Reply
Dealer gave me new offer of SE Model w/4Motion, Nav, Gorilla Mat Kit, 18 in' wheels (versus the normal 17 in' with this trim model) & Sunroof for $439 a month with $3,000 down and $1,000 dealer cash. It's a 36 mth/12K lease with a financing total (TTL already included) of $31,362. Black w/Charcoal Interior. Wanted Candy White With Charcoal Leather (SEL 4Motion Model) but this offer seems better than last and includes Nav. Dealer off tomorrow, but holding vehicle aside for me for 2 days maximum, to give me time to mull over offer. Have 3 payments left on current Honda Pilot 42 mth lease of $355 that I'll have to pay off myself if I want to jump on this deal, but friends of mine think it's worth it for all that I'll get. Thoughts?
#54 of 142
Re: New Offer [Gyrlwolf] by ikramerica
Feb 24, 2009 (8:23 pm)
Reply

Replying to: Gyrlwolf (Feb 24, 2009 8:14 pm)

I do not think it's worth eating $1000 for this deal. There will be plenty of Tiguans available in 3 months. Further, you shouldn't be putting any money down on a lease other than paying fees and taxes (likely covered by the $1000 dealer cash). If you were to get in an total accident the day after you signed, you'd be out the $3000 + the $1000 you paid off on the other car. Basically, your $3000 pays their gap insurance many times over...
#55 of 142
Re: New Offer [ikramerica] by Gyrlwolf
Feb 24, 2009 (8:42 pm)
Reply

Replying to: ikramerica (Feb 24, 2009 8:23 pm)

Ikramerica,
 
Thanks for your feedback. I was thinking something similar, but was wondering was I being too cheap. I just keep thinking for $3,000 down I should be able to get the model I want plus the payments I want ($400 mth max) but wanted outside feedback. Plus a part of me was wondering if VW would be coming out with a TDI model in a few months. Dealer also was trying to mention to me paying over $600 for some type of PDI/Vehicle Detailing/Gas Fees? I was like "what?" He was like "the vehicle just arrived and must be detailed and gased and we must pay someone to detail it. It still has the white protective tape on it." I told him "that's not my problem that's his dealer's problem as the vehicle has to be cleaned before it can be sold anyway." These "fees" weren't mentioned in the SEL model deal (see first post of mine). I'd never heard of such things and felt they were just trying to get more money out of me.
#56 of 142
Awesome Offer by RichNEO
Feb 26, 2009 (1:43 pm)
Reply
Dealer made me a killer offer:
SEL 4Motion with sunroof & nav for 440 month plus tax with zero down....money factor is .13 and residual is 50%, they are eating the cap cost as long as I sign before March 1.
Can it be real!!!!!!?
#57 of 142
Re: New Offer [Gyrlwolf] by ikramerica
Feb 26, 2009 (1:51 pm)
Reply

Replying to: Gyrlwolf (Feb 24, 2009 8:42 pm)

That's because they were just trying to get pure profit from you. They aren't going to detail the car anyway, just wash it. Tell them you can buy your own gas if they don't want to fill it up, but it is their responsibility to deliver the car in a clean, drivable state.
 
The only fees you should pay are state fees, a small document prep fee (which I think is dumb but pretty standard), and any fees directly from VW credit, like a lease/loan origination fee, although if you are a pervious customer, they can waive that, too.

Messages Page 6 of 15
1
...
3
4
5
6
7
8
9
...
15
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement