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2013 and earlier Volkswagen GTI Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi blatz1. It would probably cost A LOT to get out of this lease right now, even if you do want to get another VW. If VW Credit allows it, you could try to find someone to assume your current lease, but there's not really any reason for someone to do so when they could get a brand new car on their own for around the same price, so you likely would have to throw some cash out there.

    It's probably not worth the expense to try to switch to a manual.

    Car_man
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  • drbyfdrbyf Posts: 1
    Hi Carman, I was wondering what you thought about a 2000$ down, total, including all fees, tax, registration etc, for 36 mo at 12K/yr at 300$/mo. thanks!
  • eduar118eduar118 Posts: 4
    Hello Car Man, I want to know the money factor and the residual value for GTI 36m/10k - for the autobahn, sunroof and nav and the sunroof and convenience. Also what is the % of profit, around 10-15%?. I live in Miami FL
  • eduar118eduar118 Posts: 4
    Car Man can you please give me the money factor for 36m/10k for autobahn 2dr
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi drbyf. Do you happen to know that this car's MSRP and selling price are? Those figures would make it much easier for me to evaluate this deal.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello eduar118. Volkswagen Credit's April buy rate lease money factor and residual value for a 36-month lease of a 2013 GTI Autobahn with sunroof, navigation, convenience and 10,000 miles per year are .00050 and 55% for consumers who qualify for its top credit tier.

    You can look up exactly how much of a spread there is between this car's MSRP and dealer invoice price over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Eduar118, please see my previous post for the information that you're looking for.

    Car_man
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  • jonathannycjonathannyc Posts: 12
    Hi Carman! because of you I negotiated an insane deal on my Odyssey (got it for 8K off MSRP!) now to do the same with this bad boy.

    looking at a 4 door Manual Transmission GTI with Navigation and Sunroof **NOT the autobahn edition)

    looking for MF and residual.

    15,000 miles.

    quick question. do they do higher mileage leases? like say 20k/year? is that something that can be done? (obviously it can be done but is there a formula to calculate lease residuals on something like that?)

    as always thanks CarMan!
  • carbonrcarbonr Posts: 1
    Hi Carman, would you know the residual and money factor for 2013 Golf R 4-door with navigation, 15,000/year, 24-month lease? Many thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    That's great news about the Odyssey, jonathannyc. Let's see what we can do for you on the GTI.

    Volkswagen Credit's May buy rate lease money factor and residual value for a 36-month lease of a 2013 GTI 4 door with sunroof, navigation and 15,000 miles per year are .00095 and 51% for consumers who qualify for its top credit tier.

    I believe that 15,000 miles per year is the highest mileage allowance that VW Credit publishes residual values for. If so and you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Yes I do, carbonr. Volkswagen Credit's buy rate lease money factor and residual value for a 24-month lease of a 2013 Golf R with 15,000 miles per year are .00142 and 60% for consumers who qualify for its top credit tier.

    Car_man
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  • gambrillgambrill Posts: 10
    Could you be so kind as to post Sign Then Drive lease details on the following vehicles?

    GTI - Drivers Edition
    GTI - Wolfsburg
    Golf R

    Thank you very much
  • gambrillgambrill Posts: 10
    I forgot to add, 12k miles per year.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gambrill. Through July 8th, Volkswagen Credit's buy rate lease money factor and residual value for a 39-month lease of a 2013 GTI Driver's Edition or Wolfsburg with 15,000 miles per year are .00139 and 50%.

    The numbers for an otherwise identical lease of a 2013 Golf R are .00142 and 52%.

    Car_man
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  • the last money factor posted helped me get an idea of what rate vw is offering right now. But, I am not sure what the % of residual price means. Is it % of MSRP or sale price?

    Also, is there a formula for calculating miles on a lease? Current manufacturer lease deals are 12k/yr deals. I need a 15k deal. Any way to take the advertised special and apply it to more miles?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi pizzakid13. Lease payments are made up of two main parts, the interest portion and the depreciation portion. Vehicles' residual values are used to calculate how much depreciation lessees have to pay. They are based upon a percentage of vehicles' full MSRPs, including the destination charge and the MSRPs of any options that can be residualized.

    All of manufacturers' published residual values are usually based on leases with 15,000 miles per year. The residual values for leases with 12,000 miles per year are usually 2% higher, through some banks are an exception to this.

    It sounds as though you might be somewhat new to leasing. If so, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Car_man
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  • Thanks. Actually, this will be my 3rd. The first was a while ago though. I just purchased my '10 GTI and plan to sell since the buyout is much lower than retail. So I figure I can at least make up the taxes paid over 3 years.

    So, if I understand correctly, I can add two percent to the manufacturers advertised 12k leases to get a price for a 15k?
  • m6pwrm6pwr Posts: 1
    edited August 2013
    What are the money factor and residual figures for a 36 mo/10k mi lease with top tier credit on:

    2013 GTI dr base

    2012 Golf R 2 dr (new)

    Thanks for your help.
  • addmundsaddmunds Posts: 1
    edited August 2013
    Hello Sirs and Madams,

    I am planning to lease GTI 2013 (15,000miles/yr; 36months; 2door automatic with Conv./Sunroof Pack) and I have few inquiries. Please Help!

    1) What is the Residual% as of August 2013? (What dealer would use)
    2) What is the Money Factor as of August 2013? (What dealer would use)
    3) From Calculating my own lease guide(http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html) the example is using .00375 as a money factor and states it's common rate however, on other posts, gti was around .00036. Am I using the wrong number here?
    4) PZEV or not, the price is the same. If I can choose, should I go with PZEV?
    5) I did a credit check with one of the VW dealer, can other VW dealer view the results?
    6) Is this a bad time to lease GTI as redesigned 2015 will be coming out in spring 2015?

    Thank you very much!!
  • mykey7mykey7 Posts: 1
    edited August 2013
    I am looking to lease a 2013 4dr drivers package with dsg. I live in NYC , looking for 12000 miles. Are their any incentives? What is th MF and residual? What would a 36 mont lease look like. id loke to put down $1500 total . Thank you in advance.
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