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2013 and earlier Volkswagen Jetta Lease Questions

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  • dmg427dmg427 Posts: 1
    Hello,

    I am looking to lease a 2012 VOLKSWAGEN JETTA SEDAN SE w/Conv & Sunroof.

    1. I currently have a 2001 Jetta Wolfsburg edition that I would trade in for around $2,500. Will the trade in apply to my down payment?
    2. Also - I was planning to put an additional $2,000 down, but after reading through the posts above this doesn't seem like a good idea? What do you think?
    3. I was hoping for payments under $200.00 a month and a lease for 15,000 miles - Do you think this is an option?
    4. Can I use the $750 cash back for a payment? How does the cash back work?
    5. Will VW fix any problems that the car has - i.e brakes, mechanical problems, oil changes, etc?

    THANK YOU in advance for your help - I am new to this and want to make sure I am fully informed before signing anything!
  • superkathysuperkathy Posts: 3
    edited June 2012
    The MSRP of the car was $21,175 and after destination charge the price was $22,215. The final "agreed upon value" was $19850. After 39 months when the lease is up, I would be able to purchase the car for $11773.

    Thanks Car_man!!
  • jessy1jessy1 Posts: 13
    I need to decide to buy my 2009 Jetta Se for 12, 741.96, I will pay cash. Current mileage is 33,000.

    OR lease a 2012 jetta SE with conv and sunroof:

    1300 down, $273.00 per month.

    Normally I would be excited about a new car, but when I see how much cheaper the interior is then my current car it's sort of disappointing. Not sure if I should just keep current car for a few years..Or scrap it all lol:)

    I would love opinions on if that is a good lease deal and if keeping current car might be good plan.

    Thanks,

    -Jess in Boston
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dmg427. You definitely can trade in your current car when leasing a new one. While you can apply the proceeds from it as a down payment for your new lease, I always advise consumers to avoid making down payments on leased vehicles. Consumers who put money down on leases risk losing part or all of the money that they laid out if their vehicle is totaled in an accident or stolen and never recovered. It would be safer to have the dealer cut you a check for any equity that you have in your trade.

    If you provide me with the MSRP and approximate selling price, or at least the MSRP and dealer invoice price, of this car I would be happy to use VW's actual lease program to work up a payment on it for you. You should be able to find that pricing data over in the New Vehicle Pricing section of Edmunds.com.

    Volkswagen is indeed currently providing a $750 cash incentive on leases of this car through VW Credit.

    VW will fix any problems that this car has under warranty for 3-years / 36,000 miles and any powertrain issues for 5-years / 60,000 miles. You will have to pay to replace any wear and tear items and maintenance out of your own pocket.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem superkathy. Let's use VW's actual lease program to work up a payment and see what we come up with. According to my calculations, if you were to lease a 2012 Jetta Sedan SE with Convenience that has an MSRP of $22,215 and a selling price of $19,850 through VW Credit right now for 39-months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $225. Sales tax would be added on top of that, as well as any fees that you rolled into your payment like the acquisition fee, etc...

    Car_man
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  • soslo88soslo88 Posts: 1
    Hello, Car Man,

    Perhaps you could help with a couple of questions on a lease.
    I am looking to possibly lease a 2012 Jetta Sportwagen S, manual. The price offered by the dealer is 19,600.
    I am looking for a 36 month, 12k a year lease. According to the website, VW Credit is offering a 1999 down, $239 month lease "deal" on this vehicle. According to the fine print, "Monthly payments total $8,604. No security deposit required. Requires dealer contribution of $800, which could affect final negotiated transaction. Purchase option at lease end for $10,832.50. "
    This offer, I assume, is contingent on paying full price for the vehicle, and not on the negotiated price?

    My question is: would the $800 "dealer contribution" lower the 19,600 price to 18,800?
    Also, what is the money factor on this offer?

    Thanks in advance
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out soslo88. Most manufacturers' official advertised lease payments assume that the lessee is being given at least some discount off of MSRP. While I don't know the specific numbers for the Jetta lease that you mentioned, I suspect that is the case here as well. Having said that, savvy consumers who are in an area that has a decent level of competition are usually able to beat the selling prices that were used to calculate manufacturers' advertised payments. If I was in the market for a Jetta Sportwagen right now, I personally would shoot for a selling price of around a couple hundred dollars over dealer invoice minus the $500 cash incentive that is available on leases of it.

    VW Credit's buy rate lease money factor for a 36-month lease of a 2012 Jetta Sportwagen S is an extremely attractive .00005 for consumers who qualify for its top credit tier.

    Car_man
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  • dudley07dudley07 Posts: 1
    Hi -

    I am in Northern NJ and have requested a quote from several dealers here in northern NJ and NYC for a Jetta SE automatic with Convenience.

    The best price I got for a 12K per year, no money down (and all fees rolled into monthly lease price) was $259. This particular dealer told me that his offer is based on a sticker of $20260
    which he said is $838 under invoice.

    Is this a good deal?

    Thanks,
    Dudley
  • jettruejettrue Posts: 3
    Hi, I'm looking for the money factor and residual value on 15K miles 36 month lease of a Jetta Sedan S (manual transmission).

    Also, if I'm understanding correctly, you should generally be able to negotiate to around the "True market value", vs. paying MSRP for a lease, as they'd like you to believe?
  • cwy1688cwy1688 Posts: 5
    Hey carman can I get the July money factor and residual for 2012 jetta tdi? Thank you in advance.
  • xian5681xian5681 Posts: 13
    edited July 2012
    Hi !

    Looking to lease my first car and looking at Jetta SE with Conv and Sunroof. Will have a trade in of $2000.

    What should my numbers be at? Im in Socal

    Monthly Payment?
    Money Factor?
    Residual?
    Anything Else?

    Thanks in advance for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Dudley. A selling price of eight hundred and change under dealer invoice is an excellent price for this car. Just make sure that the dealer uses its buy rate lease money factor of .00001 (that's as low as it gets) to calculate your payment and you're in business.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings jettrue. Here's the information that you're looking for. Volkswagen Credit's current buy rate lease money factor and residual value for a 36-month lease of a Jetta Sedan S with a manual transmission and 15,000 miles per year are .00010 and 50%, respectively for consumers who qualify for its top credit tier.

    Volkswagen is currently providing a $1,000 cash incentive on leases of this car.

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

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go cwy1688. Volkswagen Credit's buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan TDI with 15,000 miles per year are .00161 and 54%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi xian5681. This car's lease payment will depend upon what its MSRP and selling price are. Let me know what the MSRP and invoice price are for the exact model that you want and I'll work up a payment on it for you. You can find this pricing data over in the New Vehicle Pricing section of Edmunds.com.

    For now I can tell you that VW Credit's July buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan SE with Conv, Sunroor and 15,000 miles per year are .00001 and 50%, respectively for consumers who qualify for its top credit tier.

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

    Car_man
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  • verinoxverinox Posts: 12
    Hi all - just wondered if anyone who recently leased/looked to lease a GLI Autobahn DSG w/ nav, or something close to that, could share their experience and pricing. Curious what dealers are putting out there for lease prices.

    Thanks
  • I am in the process of leasing a GLI Autobahn without NAV and if I pay all fees (tax, title, reg) + 1st month payment (total about $2500) I am looking at about $345 a month.

    The biggest problem I had with getting a nice deal was finding a GLI authbahn with/without nav. Over here on the north east coast there are a few right now, and that is based on hours of scanning vw dealer sites and phone calls. With $1500 down towards those fees, and rolling the rest into the lease, I am looking at about $375 a month.
  • CARMAN, are there any incentives besides the low interest rate for leasing the GLI autobahn without NAV?

    Thanks.
  • ferd1ferd1 Posts: 6
    Hello,

    I’m interested in leasing a 2013 VW Jetta GLI Autobahn Manual Transmission; hopefully they will be available soon.

    My question is, has VW in the past offered special incentives ‘mainly cash discounts’ on new models pre-releases, or will this vehicle be so popular that dealers won’t even offer VW national discounts if any and ask for full MRSP?

    Will pricing be the same or more as the 2012 model?

    I’m just trying to get an idea of how a lease would be structured or what to expect when this vehicle is released in the coming months; for example, on a VW lease, will the money factor high or expensive on 2013’ I know it’s too early to tell and we’re all waiting for pricing, but maybe you can shed some light on what Volkswagen did last year or in prior years for new model releases.

    Thank you!

    Farid
  • ballhoggballhogg Posts: 37
    Carman,

    Can you post the residual values and money factors for the following (difference between 12K & 15K miles per year):

    2012 Jetta SEL
    2012 Jetta TDI w/ Premium

    Are the residual values and money factors the same within each engine type (2.5L, TDI, GLI)? When do these rates expire?

    Thanks!
This discussion has been closed.