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Volkswagen Tiguan Lease Questions

146 messages,  Last post on Nov 30, 2009 at 3:02 AM

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


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#78 of 146
april #'s by mbrokerny
Apr 07, 2009 (4:05 pm)
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Just received a quote from a dealer on an SE 4motion, 50% residual and .00147 MF. These residuals seems very low.
#79 of 146
Re: april #'s [mbrokerny] by girlienoir
Apr 07, 2009 (4:15 pm)
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Replying to: mbrokerny (Apr 07, 2009 4:05 pm)

I had 4 quotes. I insisted that I get the VW Credit Lease agreement all filled out and faxed to me...they hated doing it but they did... but all 4 of them had big differences in the final price/payment and down payment... the deal I picked, the payment was $20 less and a $1000 less on my down payment than the highest one... also, they were the only ones who told me about a $1000 vci lease assistance that the dealer said is only good for April! My Tig is a brand new SE 4motion W/factory leather, 18" wheels and pano window. They are now sending them to the states. I get it 5/12! Keep looking! I might have the same %'s but differences in the final price and cash incentives
#80 of 146
Re: april #'s [mbrokerny] by ikramerica
Apr 07, 2009 (6:24 pm)
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Replying to: mbrokerny (Apr 07, 2009 4:05 pm)

It was 52% for that car in march, 54% in february. It might be 50%, or they might be screwing with you. 36 months, right?
#81 of 146
Re: april #'s [ikramerica] by mbrokerny
Apr 08, 2009 (7:52 am)
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Replying to: ikramerica (Apr 07, 2009 6:24 pm)

I thought the residual drops 1% per month but is usually offset by the mfg via a lower MF.
 
girlienoir, can you give us the final figures, payment, price etc?
#82 of 146
Re: april #'s [girlienoir] by mcclearyfl
Apr 09, 2009 (1:11 pm)
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Replying to: girlienoir (Apr 07, 2009 4:15 pm)

I'm glad to see that the SE is now available with factory leather - a strange omission when the model was first released. By the way, on the VW website you still can't build an SE the way girlienoir did.
 
I have always been a fan of VW, and a previous owner, but my nearest dealer is 35 miles away. I also feel, as do many others, that the Tiguan is overpriced by as much as $4000 - that's a whole year of extra payments. I have a similar reaction to the Lincoln MKZ versus the Ford Edge -- $5000 extra is an awful lot for a bit of bling!
#83 of 146
Re: april #'s [mcclearyfl] by girlienoir
Apr 09, 2009 (6:01 pm)
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Replying to: mcclearyfl (Apr 09, 2009 1:11 pm)

I hear ya...it is higher...but you get such a nice looking ride and the interior is so much nicer than others in its class... I was going to buy out my Jetta lease if I didnt get the Tiguan..I just cant see myself in anything else... I guess Im officialy a VW Snob!! haha...
#84 of 146
How is this for a deal? by jseinfeld
Apr 22, 2009 (9:57 am)
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2009 SE with 4-motion, no other options. 36 months, 10k/year.
 
$394/month, incl. tax
$1200 out of pocket, including first month's payment.
 
Total cost: $14990
 
I signed. To be frank with you guys, I don't get the whole fretting over the MF and invoice price. I don't really care how they play around with the numbers, so long as I'm comfortable that that is a good price. Also, this is the first dealer I went to. I had previously spent a week getting a base-level Murano down to $375/month with tax, so I figured for $20/month I'm getting a better car and I don't have to go crazy negotiating.
 
Am I wrong? Is this a bad deal?
#85 of 146
Re: How is this for a deal? [jseinfeld] by stoopy
Apr 22, 2009 (11:35 pm)
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Replying to: jseinfeld (Apr 22, 2009 9:57 am)

I think you could've done better. Your zero down monthly payment probably would've been around $430 a month. Not very good on a car MSRP $29,000. You could've leased competitor's models with more features/options for $50-$75 less with only 1st payment due at signing. Could've bought it for $415, 72 months.
#86 of 146
Re: How is this for a deal? [stoopy] by jseinfeld
Apr 23, 2009 (5:58 am)
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Replying to: stoopy (Apr 22, 2009 11:35 pm)

How do you figure? Assuming 45% depreciation after 3 years, I should be paying $13,050 for my lease, which is $362.50/month, not counting interest, and taxes, which are $28/month, which combines to $390. I got it at $394/month, which means I'm paying .4% interest on it. And that only assumes 45% depreciation. Even if the car is worth $27,000, that works out to 4% interest. So maybe I could've done better after spending a week or two going from dealer to dealer, and I wouldn've ended up saving a couple of hundred bucks over three years. Doesn't seem worth it to me.
 
Also, purchasing it at $415 for 72 months means I'd be paying 3% interest. Where do you get that rate for a 72 month term? You can't even get that for 36. Besides which, I'm deathly opposed to purchasing new cars.
 
Oh, and just FYI for everyone, VW has a new grad special that's not on their website (it's on the VW Credit website), with which you can get your first month's payment. So I've effectively now given $800 down, which includes acquisition, DMV, etc.
#87 of 146
Re: How is this for a deal? [jseinfeld] by stoopy
Apr 23, 2009 (8:22 am)
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Replying to: jseinfeld (Apr 23, 2009 5:58 am)

You obviously don't know how to calculate a lease. The "interest" as you refer to it is a set figure (money factor). I'm not sure what you got probably .00147 or .00158. I don't know what the current numbers are but that equals out to 3.53% and 3.79%. NOT 0.4% like you think.
 
Post your MSRP, sale price plus fees, residual and money factor and we can more accurately gauge your deal. I was merely saying $400 a month with $1200 down ain't too great.

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