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2013 and earlier Volkswagen Jetta Lease Questions

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  • drengadrenga Posts: 3
    I am deciding between beginning either a 36 or 48 month lease on a 2007 jetta Wolfsberg (internet price 19583) and would really appreciate figures on the money factor and residual value. Thank you!
  • HI. I am a new member and really need help! My lease (balloon - I am in NY state) is up on my jetta GLX V6) in December (last payment due). As I understand my options they are :
    1) sell (which I am trying to do via kelly bb and e bay (useless!), and craigs list
    2) trade in (not an option - we have 2 other cars
    3) buy (no way, never again with a VW)
    4) turn in (I would like to fo - but have questions)
    My understanding of turning in based on what I have read is that they are very picky about condition of car when it is turned in. My dealer has informed me that I need to meet with them for a pre-inspection and that VW also will have an inspection about 2 months before turn in date.

    My first problem is that I was allowed 48,000 miles and I have driven as of now 61,000 - so .15 per mile over.

    My other concern is about the car itself: windows are tinted and have some light scratches in the back from dogs, the driver side rim is bent slightly, someone did a "brush and run " in a parking lot nd there are light paint scuffs on the back by the rear tire (no body damage, just paint), the fuse that turns on the door light when it is ajar is not working ($ 267.00 to fix), and the hinge from the center console is missing). The car itself mechanically is in good condition, and has been regularly servied and maintained by the dealer. I am just worried how much aI am going to get "dinged" (to use a nice word) by the dealer or VW for all these other things on top of the mileage overage? Is it better to have them fixed first or does it not matter? I owe $ 12,700 on the car. I am thinking about turning it in now (I would still have to pay on the outstanding lease), because I don't want one more thing going wrong before december that I would have to pay for (it seems every month something has been going on - $ 500 here, $ 600 there....

    And, do they bill you for all this and you can pay it off, or do you have to pay all at once before you turn it in?

    Thanks and sorry for such a long post! PlEASE HELP!!! My husband just lost his job and I am really concerned that we are going to come out of this owing a ton of money....
  • Hi. Im buying a new 2008 Jetta 2.5 SE in a few days. Could someone run the numbers on this car. The List Price is $21760. I am looking to get a 48 month lease with 10,000 miles per year.

    Also does anyone know of Volkswagen;s process of being aproved for a lease?

    a speedy reply would be very appreciated!

    thanks
  • No problem, movinglp. Let's work up a lease payment on the car that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2007 Volkswagen Jetta Wolfsburg that has an MSRP of $21,175 and a selling price of $20,547 through Volkswagen Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $273.

    Car_man
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  • Here's the latest lease programs for the cars that you are interested in, scotes. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta 2.0T with 15,000 miles per year are .00083 and 50%, respectively. The numbers for an otherwise identical lease of a 2007 Jetta GLI are .00085 and 49%, respectively. If you were to lease either of these cars with only 12,000 miles per year, their residual values would be 2% higher. Volkswagen is currently providing a $750 cash incentive on leases of both of these models through VW Credit.

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  • Hi ipip316. $100 over dealer invoice is a very good price for a leased '07 VW Jetta Wolfsburg, but you mentioned that the invoice price the dealer is using does not match up with the one that is available here at Edmunds.com. How much higher is it? Perhaps the dealer is including some sort of advertising charge or dealer fee in the price that they quoted you.

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    P.S. VW Credit's buy rate lease money factor for this car is now .00080.
  • Here you go, drenga. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta Wolfsburg with 15,000 miles per year are .00080 and 53%, respectively. The numbers for an otherwise identical 48 month lease .00138 and 45%.

    Car_man
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  • Welcome denibeans63. I am sorry to hear about your husband losing her job. Where have you read that Volkswagen is very picky about the condition of leased vehicles that are returned at lease-end? I have actually found that most manufacturers' captive finance companies, like Volkswagen Credit, are fairly reasonable when evaluating leased vehicles for excess wear and tear. It is in their best interest to be very fair. If they are unreasonable, they will make lessees mad and cost their parent company a potential future sale. You can see exactly what VW Credit considers to be excess wear and tear by clicking on the following link: VW Credit Wear and Use Policy. If the person who does the inspection on your vehicle notices the bent rim, there is definitely a good chance that you will get penalized for it. I would not be surprised if they let the small scratches on the windows and the paint on the tire slide.

    The only way for you to get out of paying an excess mileage penalty on your car is to purchase it or trade it in. Given the fact that your car probably is not worth more than its end of term purchase price, you will probably be best off just turning it and paying the mileage penalty.

    While the policy on this matter varies from bank to bank, most banks just send you a bill for any excess mileage and wear and tear rather than charging for it when a vehicle is returned. If you paid a security deposit at lease signing, you will be able to apply that towards any charges that you have to pay.

    Car_man
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  • Greetings mooseman923. I would be happy to work up a sample lease payment on the car that you are interested in for you. You never mentioned its selling price, so for now I will assume that you will be able to negotiate a $500 discount on this car (there really isn't much of a margin in it for dealers). According to my calculations, if you were to lease a 2008 Jetta 2.5 SE that has an MSRP of $21,760 and a selling price of $21,260 through VW Credit right now for 48 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $276.

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  • hi,

    we are looking to lease a 2008 jetta within the next couple of days and need some guidance. We are in NJ, looking for a 36-39 month lease with 12,000 miles per year. We are looking at either a standard or 2.5 (can't yet determine what the difference b/w the two is, so if anyone can fill me in). i am looking for money factors and residuals on these.

    also, is the $750 incentive offered on these vehicles and if so, is that after you negotiate to about $500 over invoice (therefore $250 under invoice)?

    lastly, i want to put $0 down - what should i expect to pay upfront other than the first month payment (what fees are legitimate)?

    thanks to anyone who can offer me some help as quickly as possible!
  • I've been bargaining back and forth with a VW dealership regarding a lease agreement. They're quoting me a 10,000 mile/year lease on a 2008 automatic Jetta SE. The thing is, I drive at least 15,000 miles/year - probably upwards of 18 - 20. They said that they will put in writing that they'll buy me out at the end of the lease (36 months) and that I won't be responsible for the miles that I've exceeded.

    But my question to them was - why would you do that, it doesn't make sense? His answer was because he really needs to make the sale and it's the only way that he can convince me. My mother is purchasing a 2008 Beetle as well, so this is a 2 car deal at the end of the month/quarter. Does this seem reasonable or is there something I'm missing that's going to cost me in the end? I haven't sat down and actually gone through the entire agreement yet. Any help would be much appreciated - I've never leased before.

    Thank you!
  • please disregard my previous post. here is what we are looking for now after going to a dealership today.
    2008 Volkswagen Jetta S with sunroof and alloy wheels or the 2008 Volkswagen Jetta SE.
    we live in NJ
    want to put $0 down
    36-39 months/12,000 miles
    my husband's credit is not the greatest so it will probably be tier 2 - not 1

    what are the money factors and residuals for these cars?
    also, what should we be paying upfront? they told us with all fees, etc. it would be like $1800. i know i did not pay close to that when i leased my audi. can you give me a breakdown of what fees are legit and approximate amounts?
    also, they said we should pay all tax upfront, is that a good idea?

    lastly, are there any incentives currently being offered and if so, are those after you negotiate to about $500 over invoice?

    thanks for any help you can give us!
  • Went to Volkswagon dealership in stuart florida for a lease on a 2007 or 2008 jetta with a pkg 2. 12,000 miles per year with .20 a mile for overage. We were putting 6,000.00 down. For a 2007 GL 2.5. 36 month lease. Sticker price was 25,875. They gave us a price of 219.per month. taxes included. Plus we pay 550.00 for a damage policy covering up to 5,000.for wear and tear and a 475.return fee at end of lease. Fees taken out of 6000.00 were taxes, tags, dealer fees.
    The dealership in West Palm Beach had a 2007 2.O GL turbo same as above but monthly price was 225.Sticker price was 28,675.
    Isn't the 219 or 225 high considering we were putting 6000. down? Whats your opinion? Thanks for your help.
  • okay, i hope this is my last post regarding this. we went to another dealer on monday night and tried to work out a deal on a 2008 jetta s with alloy wheels and sunroof. the dealer indicated that the residual is 60% whereas the first dealer told us it was more like 50% but would not give us an actual number. at the first dealer, the money factor was approximately .00113 but again he would not tell us the number when i asked but this is what i saw written in his notes. the second dealer told us the money factor was .00225. these are big differences and clearly someone is being dishonest. can someone please tell me what the residual and money factor is on this vehicle in nj with 36/39 months and 12,000 miles per year. i am getting so frustrated at this point. :mad:

    also, this is assuming tier 1 credit now. and is it true that if you are tier 1 that the bank (acquisition fee) will be waived? this is what the second dealer told us.

    thanks and sorry for all of the questions!
  • jvosjvos Posts: 55
    Can anyone tell me what the October money factor and residual is on a 2008 Jetta @36mo/15K miles? Is there any incentive cash or is that on 2007s only?
    What is a reasonable price to expect over invoice? Thanks.
  • Hi niclaf77. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jetta 2.5 S with 12,000 miles per year are .00220 and 60%, respectively. The numbers for an otherwise identical 39 month lease are interestingly exactly the same.

    Volkswagen is not currently providing any cash incentives on the 2008 Jetta. The $500 over dealer invoice that you mentioned is a good target price to shoot for.

    This car's monthly payment will vary depending upon the MSRP and selling price of the exact model that you want. I would be happy to estimate what your monthly payment would be on it if you provide me with these numbers.

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  • Hi csugarm. Definitely do not lease a car with only 10,000 miles per year if you drive 18,000 to 20,000 annually :surprise: . I don't know what this dealership is trying to pull, but you definitely are going to owe a huge excess mileage penalty at the end of a lease like this. Even if the dealership is going to "buy you out" of your car, chances are it will mean that you have to purchase or lease another vehicle through them and that you will be getting a worse than normal deal on it.

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  • Hey niclaf77. A couple of messages back I posted the information for the 2008 Jetta S. The numbers for a lease of a 2008 Jetta SE are practically the same. Its residual values are identical and its money factor is slightly higher at .00223.

    At lease signing, consumers who lease through Volkswagen credit have to pay their vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, a $575 acquisition fee, and any required state taxes or fees. I personally would rather roll the sales tax into my monthly payment than pay it up front. If your car is stolen or totaled in an accident, if you paid all of the sales tax at lease signing it is unlikely that you will get it back.

    As I mentioned in my previous post, Volkswagen is not currently providing any cash incentives on this car. As a result, $500 over dealer invoice is a good target price to shoot for.

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  • Greetings beyondbrows. Let begin by saying that $6,000 is way too much money to put down on a leased vehicle. I always advise consumers who want to lease not to make any sort of capitalized cost reduction. Those who do make large down payments on leases risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.

    I would be happy to estimate how much a $0 down lease on this car would cost you, but in order for me to do so I need you to provide me with its selling price. This is a very important number for you as a consumer to know anyhow. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this car's selling price is, it is difficult to tell how much of a discount you are being given on it.

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  • Hi niclaf77. Please see my responses to your previous posts for the money factors and residual values that you're looking for. I do not believe that VW Credit will waive its $575 acquisition fee for consumers who qualify for its top credit tier.

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This discussion has been closed.