Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier Volkswagen Jetta Lease Questions

1424345474854

Comments

  • Here you go pcantore. VW Credit's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan GLI with 10,000 miles per year are .00069 and 57%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a Jetta Sedan SEL are .00069 and 56%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • thrashallathrashalla Posts: 3
    edited November 2011
    Hi Car-Man and everyone else. This is going to be long-winded, so I apologize in advance. Yesterday I signed a lease on a 2012 Jetta and I want to get some opinions on how I went about it.

    First off, I have been driving a 2003 Jetta GL 2.0 since 2006. I moved out to San Diego from Upstate NY and the drive killed the previous car (a 2000 Chrysler Cirrus LXi) I had been driving - I coasted into the VW dealership and basically had to bend over on the financing - I owed $3k on the previous car and could only put $500 down. Fast forward 5 years and the car was basically on its last legs. It had over 110K miles on it (two cross-country trips and 4 road trips to Vegas on top of dating a girl who lived 2 hours away for about 5 months) - the tires were bald, the brakes were shot, the check engine light popped on a few days before and unleashed a hellstorm of noises that hadn't been there before, and I easily needed a couple thousand in repairs - I was not a conscientious, mature, responsible car owner until it was already too late and neglected the scheduled maintenance on the car. I was (and probably still am...let me know at the end of the story) an idiot with a capital "STUPID!" Yet because of the original loan terms I still owed $4000 on it. Things were bad, and I did not feel safe driving it so I decided that instead of spending the cash on the repairs I would look into taking a portion of that money and going the lease route on a new Jetta; rather than being tethered to a potential hazard.

    Here's the thing - I went to the dealer where I originally bought the first car, I signed the lease with VW Credit for 36 months and 36K miles, and after I signed and got home - my optimism of "Yeah, I can do that." in regard to the miles went to, "Oh, Holy CRAP there is no way in hell I can do that!" However, I fully intend to buy this car at the end of the lease. I got the car because it's the one that I wanted and the one that I can see working for me long-term - I researched my options, test drove several from different manufactures, and I just loves me a Jetta.

    I went with the lease because it got me out from under, what was essentially, 7+ years of negative equity with previous cars and gives me an opportunity to rebuild a bit and save up for a good down payment when the lease matures. I did my research, negotiated well, and got a sale price under the Invoice number and a residual that gave me a decent monthly payment, but - even with the miles that I will be carrying (50-55K) - is under the private seller and trade-in price on similar models at the 3-4 year range. I have the same car payment, same insurance payment, but a brand new car and better gas mileage on my Jetta SE now.

    However, that mileage contract is making me anxious and obsessive. In reality, I will probably drive 15K-17K a year which chalks up quite a bit of a fee at the end, but if I plan on buying the car when the lease matures do I even need to worry about that number? Can I just drive how I normally drive? I just want to make sure that if I buy, I'm bullet-proof and that if I'm not, I take steps early in this process to minimize the wallet damage. I figure that with the situation I was in, I was going to eat it no matter what - there is no need to tell me about how stupid I was and how I should have read things better, etc. Already covered by my own self-punishing ways. I just want to make sure that as long as I'm eating it, I'm at least getting some nourishment in the force-feeding.

    Thanks for reading and for any comments or suggestions you can offer.
  • Hi thrashalla. As long as you purchase your vehicle at lease-end you will not have to pay any sort of excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for the fast reply! Based on my situation, does it sound like a made a good decision taking the course of action that I did?
  • pcantorepcantore South FloridaPosts: 55
    Thanks Car man....!!
  • Car_man, one more question.

    I live in California - if I do buy the car at the end of the lease, am I paying sales tax on only the residual value of the car or the original value? (pardon my ignorance...)
  • Hello Car_man. Please post VCI lease money factor and residual value for a 36 mo 12k mile/yr lease for a 2011 Jetta SE Auto. Any lease cash incentive available?
  • Car Man,
    VW has their Sign & Drive lease promo going on now. Could you please provide me the residual and MF's for a 36 month lease with 15,000 miles on the Jetta TDI Premium, Jetta SEL, and the Jetta GLI Autobahn? Anything else I should be aware of with this lease program?
    Thank you!
  • Hello all, I am new to car leasing and to this forum (so please be nice with responses). I want to lease either a 2012 AWD jetta or AWD CC (both fully loaded and both automatic , most likely a 12k a yr lease for 24 months, could also be open to 36 months). I saw that they are advertising a sign and drive event where its 0 down, 0 security, 0 due at signing till the end of the month. I want to know what others are paying per month for either vehicle for their lease with this special and what i should be looking for when making a purchase price decision. I live in the south nj/philly area. Any help would be greatly appreciated.
  • You're very welcome thrashalla. I personally try to lease with the mileage allowance that I need, but again as long as you are absolutely set on purchasing your vehicle at lease-end you aren't going to be hurt by going over mileage.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • No problem pcantore.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey thrashalla. That's not ignorance at all. The rules for sales tax vary from state to state. I'm not sure what California's policy is on this matter, but you may be able to find out by visiting one of the following sites:

    California Department of Revenue

    or

    California State Controller's Office

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi runbird. I don't believe that Volkswagen is providing lease support on 2011 models any longer. As a result, its leases for them are likely not very attractive. If you really want to lease, I suspect that you will be better off going with an equivalent 2012 model.

    Volkswagen is providing a $750 dealer cash incentive on this car right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • You are correct, nhbanker, the sign and drive program is indeed running right now.

    Volkswagen Credit's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan SEL with 15,000 miles per year are .00069 and 53%, respectively for consumer who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '12 Jetta Sedan GLI Autobahn are .00086 and 56%.

    The numbers for the '12 Jetta Sedan TDI are .00172 and 58%.

    In addition to the waiver of the first month's payment, VW is providing a $750 cash incentive on leases of the SEL.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome littlemamamia7. Since you are new to leasing, 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.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Ok so i went to the dealership today and this is what i got: 2012 jetta SEL w/ sunroof (nav, bluteooth, heated seats, etc) for $320.69/month, 12k a yr for 36 months with the sign and drive event with upfront charges for taxes & fees equal to 2k. Heres a picture of the exact numbers ( money factor, sale price, etc) please let me know if this is a good deal or if i should have done something lower. I have not taken the car yet it is being delivered mid December please let me know ASAP if this is a good deal because i put a deposit down and only have 24 hours to get back if its not. Photobucket
  • Hey Car_man,
    Is $279/month for a 2012 GLI Autobahn w/ DSG too much?
    36 month lease with 12k miles/year and $3,000 cap cost reduction.

    Should I try to get a better deal? Thanks.
  • Hi Car_man,

    I was wondering if you could give me the buy rate lease money factor and residual value for a 2012 Jetta S manual transmission? Are there any incentives for this car? There is a dealer in town pitching $0 down and $169/mo for 36mo lease. The lease "does not include tax, acquisition fee or DMV fees". I am just wondering if this is a good deal. Thanks alot. Your site is awesome and has helped me a great deal in a tight economy.
  • What's the selling price of the car?

    I recommend $0 down cap cost reduction.
  • Hi--am potentially leasing a 2012 sportwagen S tomorrow, and was wondering if anyone knows the December 2011 vw credit lease rates--money factor and residual? Thanks in advance for any help!
  • Hi vella1. Volkswagen Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan S with manual transmission and 15,000 miles per year are .00055 and 55%, respectively for consumers who qualify for its top credit tier.

    Volkswagen is currently providing a $500 cash incentive on leases of this car.

    If I was in the market for one right now, I personally would shoot for a selling price of a couple hundred dollars over invoice minus the available cash.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi raycar151. Volkswagen Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sportwagen S with 15,000 miles per year are .00068 and 51%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Would you be so kind as to give me the rates for a 2012 Jetta s basic model with just an automatic? Thanks!
  • Hi Car_Man,

    Can you tell me what the MF and residual is for a 2012 Jetta SE w/convenience for 36 mos, 10K/yr (and option for 12 K). And what should I expect to pay with only $500 down to cover part of the inceptions? Nothing else out of pocket.

    Thanks so much for your help!
  • Here you go mikemikey99. Volkswagen Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan S with an automatic transmission and 15,000 miles per year are .00055 and interestingly 55%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I certainly can beetlemania2. Volkswagen Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan SE with Convenience and 12,000 miles per year are .00044 and 56%, respectively for consumers who qualify for its top credit tier.

    If you provide me with the MSRP and approximate selling price, or at least the MSRP and invoice price, of the exact car that you are interested in I would be happy to work up a sample payment on it for you. You can find this data over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you sir! Here is the deal I was able to negotiate... What do you think???
    "$201per month including tax, includes dealer fee and tag, with no money out of pocket.These are based on 3yr lease with 12k miles year... 57% resid..  .00055 money factor....." they gave a higher resid % for some reason ?
  • what was the model? SE with conv?

    what was the selling price of the car?
  • Base model s with automatic.
    Selling price I would have to reverse work the numbers using $202 and 7% but that reverse would include any and all fees
  • mdc99mdc99 Posts: 5
    Hi, here is a deal that we worked out for my son. 2012 Jetta SE w/convenience, manual transmission, msrp=20,850. 36mo. lease 12k/yr. Residual was 55%, money factor was bumped up to .00074 due to "B" tier credit. True zero out of pocket includes 1st mo. paid for him. 35 additional payments of $250. includes 7% tax. Disposition fee at lease end $350. Hope this helps.
This discussion has been closed.