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2013 and earlier Volkswagen GTI Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
edited February 1 in Volkswagen
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volkswagen Golf. Thanks.

Car_man
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  • Is the current lease for the 2005 Golf GTI good? The numbers are:
    36 Month Term
    $219 Monthly Payment
    $1250 Down Payment
    $575 Acquisition Fee
    $225 Security Deposit
    12000 Annual Mileage
    $2269 due at signing
  • Hi roundie. Yes, Volkswagen's lease program on the 2005 Golf GTI is fairly attractive this month. VW is using a money factor of .00038, which is equivalent to an interest rate of less than 1%, to arrive at this payment. Furthermore, Volkswagen is providing a $500 bonus on leases of this car through VW Credit this month. I suspect that if you shop around a little bit you will be able to beat the selling price that this lease is based upon by a little bit, lowering this car's monthly payment even further.

    Car_man
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  • Thanks, Car_man! That's exactly what I wanted to hear! Now, I just have to work on the purchase price! :D
  • You're very welcome, roundie. Let me know if you have any other questions and if you wouldn't mind stopping back I'd love to hear how everything turns out.

    Car_man
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  • Hey Car_Man -

    Any new leasing programs popping up for November? I have an Accord now i leased 3 years ago with a great rebate option, and hoping to get a Golf with payments cheaper than the 280 I pay now for the accord. What are my chances?

    Thanks for the input!

    Herbie53
  • Hey Herbie53. That's a good question. My initial reaction is that it is probably unlikely that you would be able to lease a 2006 VW Golf for less than you leased your Honda Accord for several years ago, but the only way to tell for certain is to do some calculations. If you let me know the exact trim level Golf you want, its full MSRP, approximate selling price, how long you want to lease it for, and how many miles per year you need to be able to drive it I can estimate what this car's payment should be using VW Credit's current lease program.

    Car_man
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  • dl7265dl7265 Posts: 1,381
    2006 GTI DSG 24 and 36 month MF and residual please ? 12 and 15 K miles if avaiable thanks.

    DL
  • Hi dl7265. If you were to lease a 2006 Volkswagen Golf GLS TDI through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00286 and 56%, respectively. The money factor for a 12,000 mile per year lease would be the same, but the residual value would be 2% higher.

    Car_man
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  • dl7265dl7265 Posts: 1,381
    Thank you Sir. That GTI is a 2.0 Turbo charged gas motor. Don't know if thats any difference from the Diesel or not.

    Thanks again,
    DL
  • You're welcome, dl7265. Oops sorry about that, the diesel does have a different lease program than the 2.0T. If you were to lease a 2006 Volkswagen GTI 2.0T through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00215 and 55%, respectively.

    Car_man
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  • dl7265dl7265 Posts: 1,381
    Thank you so much for your quick replys as usual.

    DL
  • No problem, dl7265. I;m glad that I was able to help you out. Let me know if you have any other questions.

    Car_man
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  • stvnhrtstvnhrt Posts: 1
    hi this is a question regarding a 2006 GTI with zero options except the 18 inch rims 36/12k,
    Is 350 a month and 1000 down a good deal?
  • ericw2ericw2 Posts: 5
    Hello, Car_man. I live in the Seattle area, and I'm thinking hard about leasing a new 2006 GTI 2.0T with manual transmission, Package 1, and mats. What is the current VW money factor for the lowest-mile-per-year 24 month lease? I have excellent credit, so please provide the lowest rate. Also, what is the current residual on that lease? Finally, are there any special deals I should know about? Any incentives?

    Thank you very much for your help.
  • Hi all, I have a 02 Passat GLS w/ 2 months left on the lease, its got a some damage to it, had a couple minor accidents, (probably around 2k worth of damage) and was looking at leasing the new 2.0GTI MkV w/ package #1, manual trans.
    Went to 1 dealership in the Atlanta area, and was offered $499 w/ no money down for 36 month lease, which seemeed alramingly high. Just got an internet quote from another dealer who offered 360/36 months, and 326/48 months, no money down. (Both are 12k milesper year) I assume the 1st guy was just trying to rob me, but wanted to know if anyone knew if the 309/month offer on Edmunds is still being offered since both offers were above the one listed on the site. I know turning my car in w/ the damage is going to bump my pmt up, but both of those quotes are w/out looking at my curent car
  • bdubb123bdubb123 Posts: 1
    Is the current offer of $309/mo 36mos(good through 3/31) for a base manual GTI actually a good deal? What will the payments be for the same car after the deal has expired? I looked into the offer and there doesn't seem to be any real discount off the MSRP.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi stvnhrt. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello ericw2. If you were to lease a 2006 Volkswagen GTI 2.0T through VW Credit right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00215 and 57%, respectively. VW is not currently providing any cash incentives on leases of GTI 2.0T models, other than $500 loyalty cash for returning owners and lessees.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi lostinatl. Volkswagen is still advertising the 2006 GTI 2.0T with manual transmission at $309 per month for 36 months with a $1,250 down payment. Like most manufacturers' advertised lease payments, I suspect that a smart shopper who is in an area where there is a decent level of competition would probably be able to lease a car for a little less than this by negotiating a lower selling price than the one that the ad is based upon.

    You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on the deal that you were quoted if you let me know what these numbers are.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings bdubb123. Like most manufacturers' advertised lease payments, I suspect that a smart shopper who is in an area where there is a decent level of competition would probably be able to lease a car for a little less than this by negotiating a lower selling price than the one that the ad is based upon. It is difficult to say what Volkswagen's April lease program for this car will be like at this point. I suspect that it will try to maintain a similar lease payment on this car, but a lot will depend upon how well it sells in March. If the GTI has a good month, VW might ease off on its support and if it has a bad month VW might crank up its support a little bit.

    Car_man
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  • Car_M

    Can you please work mine up for 36 and 39 and 48 mos-12,000 mi per yr.?
    ZERO down-roll all charges into lease----but I'd like to know what those charges are---breakdown. Money factors and residuals, too.

    2006 GTI MKV
    6-SPEED MANUAL
    PKG. 2
    18" HUFFHEISEN WHEELS/TIRES

    MSRP=$26,530
    I can buy for: $23,500
    Both include dest.

    I'm in Newark, DE

    Many thanks~!
  • Thanks for reply Car_man. I couldnt wait, (and may have paid for it), but I got the new GTI for 350/month 12k per year, no money down, $782 due at sign for tax/title/etc... I had 2 months left on my current Passat lease at 340/month along w/ about $500 in damages to the body. The price of the car was 22k, w/ sirius radio, and the 18inch rim and manual trans
    I figure w/ the damage to my car,the last 2 payments remaining, and not putting any money down, the deals not too bad, but always feel like the dealership is high fiving each other like the realtors in the "Money Pit" after they sell the house to Tom Hanks and Shelly long lol

    edit: I will say the car is a blast to drive, and lots of fun blowing thru the 6 speed manual tranny
  • Looking to lease a 2006 GTI MkV DSG with an MSRP of $23,695 (hopefully I could get it for 2% above invoice and I'll be putting $1500 down, so after all that I would get it for $21,066). I know its longer than most but I was looking to lease for 5 years (60 months) so I wanted to get some insight on the residual percentage and the money factor for this car and this lease term from VW credit.
  • ireboundirebound Posts: 1
    The dealer quoted me for a GTI MkV 6 speed with package 2 and 18" wheels lease for 48 months 12k per year

    "MSRP of the GTI $26,530.00--selling price $23,790.00 +tax,tittle,lic.,and fees. The residual is 50%, the money factor is .00248"

    is this a good deal?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Excellent choice, subiedubie. The latest object of my desire is the Volkswagen GTI. It's a neat car. I was at the press days for the New York Auto Show this week and VW had a cool display for it, complete with a man-size "Fast." I need to get one of those things :shades: . If you were to lease a 2006 Volkswagen GTI 1.8T through VW Credit right now for 36 months with 12,000 miles per year,, its buy rate lease money factor and residual value should be .00140 and 55%, respectively. The numbers for an otherwise identical 48 month lease of this car should be .00186 and 48%. Using these numbers, an MSRP of $26,530 and a selling price of $23,500, I estimate that this car's zero down, pre-tax monthly payments should be around $301 for 36 months and $292 for 48 months. If you opt to have your car's security deposit waived, which I personally would not do, the money factors that are used to calculate this car's lease payment would be .00015 higher. You can either add VW Credit's $575 acquisition fee into your car's cap cost, pay it at signing, or have it waived in exchange for a .00060 money factor increase.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, lostinatl. Congratulations on your new car! Enjoy it (it's a good one so I know you will).

    Car_man
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  • Car_man, I think you quoted 1.8T money factors and residuals by accident. Your suggestions on the security deposit and the acquisition fee are golden. Are these numbers (acq and sec deposit) the same on the 2.0T?

    Thanks,
    IU
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi trdmatrix88. You definitely should not lease a car for 60 months. That's way too long. A lot can change in your life to cause you to need to get out of your car before the scheduled end of a five year lease...and doing so is almost always expensive. Your family situation could change causing you to need a larger vehicle, your commute could change causing you to go way over your mileage allowance, you could just plain get sick of your car, etc... Not to mention the fact that the interest rates for a 60 month loan would be more than double the rates for a 36 month or even a 48 month lease. In fact, I'm not even sure if VW Credit leases vehicle for 60 months. I've never seen any information on 60 month leases through it.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi irebound. The selling price that you were quoted for this car looks reasonable to me, and the money factor looks good as well. If you like the car, and I don't see how you couldn't ;) , you may want to go ahead with this deal. For additional feedback on this selling price, make sure to stop by the following discussion: "Volkswagen GTI: Prices Paid & Buying Experience".

    Car_man
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  • rowflyrsrowflyrs Posts: 1
    Hi Car Man, I am interested in leasing a 2006 GTI. Dealer quoted me a cost of $25,870? What should be the present residual on this car? Is it negotionable? He quoted me with $2200 down and 415/month for 36 months, 10,000 miles per year. :mad: I realize that this well above market, where should the monthly payments range? Thanks.
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