Last post on Nov 25, 2013 at 10:33 PM
You are in the Volkswagen Tiguan
What is this discussion about?
Volkswagen Tiguan, Car Buying, Car Leasing, SUV
#41 of 629 Re: Lease Offer on Tiguan SE [stoopy]
Jan 20, 2009 (11:20 am)
Absolutely right. The residual values and money factors do change by lease terms. But as you stated they are set by the finance company.
I shopped around a fair amount by email, and I found every VW dealer in my area to stick to the published lease rates exactly. That made me feel pretty good. BMW on the other hand had tried to make it sneaky last time I leased. You really do have to put in your due diligence in researching leases before you go to the dealer.
Also, be careful when email shopping of dealers that won't give out prices via email. That's why they have an internet department. In reality, they want to hook you on email, then get you into the dealer to make a sale. Sales are emotional events, you're much more likely to cave in person. Don't. State up front that you want to do everything on email. It can be painfully slow, but if they want to sell cars then they have to utilize the (outdated) technology.
If I were a car dealer, I would fully embrace the web 2.0 experience. Get on facebook, get prices out on twitter. Do deals in text messaging. I only found one dealer who played the email game well, and that means quick messages, no crap ads, and real negotiations.
#42 of 629 Re: Lease Offer on Tiguan SE [k2chad]
Jan 20, 2009 (7:26 pm)
You and I think alike. So should everyone reading these forums.
I did my entire last lease via email. After first email dealer said, "call me" and I said I preferred to use email only. He respected my wishes and once we had an actual written deal in place I agreed to call him to give him my Social Security number for credit check. Then I said I would come in to sign the paperwork but if they tried any sales tactics on me I was running for the door. He had the paperwork ready when I arrived and I looked it over, signed, and was out the door in about 30 minutes. That's the only way I will ever deal with car salesmen ever again. The key to doing this, in my opinion, is to be upfront with the salesman from the start. Tell them you are not just wasting their time looking. You have a specific vehicle in mind and you know what the invoice price is and money factor, residual etc. Once they figure out that you aren't some dumb melon farmer, they will quit trying to jerk you around and try to sell a car.
#43 of 629 money factor??
Feb 04, 2009 (11:28 am)
Could someone tell how I would find out what the money factor is for the current month?
I live in New Jersey and I haven't seen any new dealer incentives since the last ones expired at Feb. 2nd.
#44 of 629 Re: money factor?? [mrbbud]
Feb 17, 2009 (3:56 am)
I would be happy to help you out, mrbbud. Volkswagen's lease program for this truck varies by term, mileage, and trim level. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease of an '09 Tiguan SE 4Motion with 15,000 miles per year. Let me know if you want something different.
VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Tiguan SE 4Motion with 15,000 miles per year are .00130 and 51%, respectively.
When negotiating your lease on this truck, make sure to take the $1,000 cash incentive that VW is currently providing on leases of it into account.
Prices Paid: Buying & Leasing Experiences Forum
#45 of 629 Newbie to Leasing
Feb 17, 2009 (7:14 am)
Hey Car_man! Need your help and guidance. Looking to lease a Tiguan, SEL 4 Motion, pretty much maxed out, 12k, even 10k. I live in Ohio. What should I expect in terms? Credit score 740ish, but with discharged Chpt 7 44 months ago. Do you think they will bring back Sign & Drive? I have a trade-in, worth about 5k, but I keep seeing about not reducing the cap cost. Your thoughts would be great!!!!!
#46 of 629 Re: money factor?? [Car_man]
Feb 18, 2009 (5:20 am)
Thanks for the reply Car_man.
I have a couple questions.
Is the dealer obligated to pass on the $1000 cash rebate and $500 loyalty rebate on to the customer. Do these rebates apply to the MSRP?
What is the source of the .00130 and 51% that you quoted and does that apply to all trim levels? Dealers are reluctant to give these figures out.
I'm looking for a 36 mo. / 10000 mil lease. The trim level will depend upon the price range I can negotiate.
#47 of 629 $1000 Cash on All Tigs? Lease and APR?
Feb 18, 2009 (10:13 pm)
Edmunds is vague about what trim levels and terms the $1000 applies to in the incentives area, and the dealer I dealing with is playing dumb with the "I never heard of a $1000 incentive" game. All they claimed to know about was the $500 loyalty. This is in CA, but I assume the $1000 is nationwide?
#48 of 629 Lease Advice Please
Feb 22, 2009 (1:12 pm)
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 629 Re: Lease Advice Please [Gyrlwolf]
Feb 22, 2009 (2:20 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 629 Re: Lease Advice Please [ikramerica]
Feb 22, 2009 (2:30 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?