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2013 and earlier Volkswagen Touareg Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,518
edited February 1 in Volkswagen
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volkswagen Touareg. Thanks.

Car_man
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  • kg6ckg6c Posts: 18
    Could the host plese help me with my dilemma. I was able to negotiate $7000 of sticker for a V6 T-Reg and $10,000 for a V8 T-Reg. The problem I am having is that I do not want to finance this. So can someone please tell me how I can can translate these savings into a good lease. The dealer is saying that he cannot make the price less than invoice, for lease purposes. Please can someone give advice on this. It will be a huge help.

    Thanks
    K
  • Hi kg6c. The reason why you were able to negotiate such large discounts on these trucks is that Volkswagen is currently providing $3,000 dealer cash on 2005 Touareg V6 and $4,000 on '05 Touareg V8 models. Unfortunately, the attractive selling prices that you were able to negotiate are not available on leases of these trucks because VW's dealer cash is not available on vehicles that are leased through VW Credit. Its cash incentives on leases of these trucks through VW Credit are $1,000 on Touareg V6 models & $1,550 on touareg V8 models. If you lease either of them through VW Credit, you will have to renegotiate your selling prices using this cash, rather than the higher dealer cash allowances. Try to negotiate selling prices as close to dealer invoice as possible before the deduction of any available incentives. I would be happy to help you approximate how much it will cost you to lease these trucks for you if you provide me with their full MSRPs (including destination charges), approximate selling prices, how long you want to lease for, and how many miles per year you need to be able to drive them.

    Car_man
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  • tdo123tdo123 Posts: 102
    Carman

    Could you please give me some insight on VW's for 2006. I have heard that there are some incentives on the V8 in the US.

    Here is what I have been able to get from the dealer:

    V8 Touareg MSRP list at $56,175 (including destination) and the invoice is $51,140 (including advertising, int. reserve and a $25 port charge).

    The dealer finally came back to me and said that they would do $1200 over invoice. I don't think there are any incentives behind that number. Can you give me some advice on Leasing this? Expected residuals, pricing, etc.?
  • liz9liz9 Posts: 1
    What are the chances of finding a Touareg 3 year lease for $350/month or less all inclusive with no money down? 2005 or 2006 ok. Am I being unreasonable?
  • Hi tdo123. Volkswagen is not currently providing any sort of cash incentives on the 2006 Touareg. It is providing lease support on it though. $1,200 over invoice is a reasonable price for this truck, but I would not be surprised if you were able to beat it. You may want to stop by the following discussion to see if any other community members have purchased similar trucks lately: "Volkswagen Touareg: Prices Paid & Buying Experience". I would be more than happy to give you an idea of what this truck's current lease program is like and even calculate a sample lease payment on it for you if you let me know how long you want to lease it for and how many miles per year you need to be able to drive it.

    Car_man
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  • Hello liz9. We can calculate how much the Touareg that you are interested in will cost to lease if you provide me with the full MSRP (including destination charge) and an approximate selling price for the exact truck that you want.

    Car_man
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  • rjlaerorjlaero Posts: 659
    This is the begining of the model year, so don't expect 8k off list on new 2006 V8 T REG just yet.

    As for leasing, you can use a diffenent bank other than VCI credit and still use the dealer cash. Lots of dealers use companies like US Bank and other top credit leasing companies.

    But an 05 model is already a year old, so it may not lease out as well as a 2006 model, even though the 06 has a higher cap cost and selling price.
  • Hi Carman
    Currently I am leasing a 2004 VW Touareg. I have 18 more lease payments to go with 15000 miles per year. Odometer current read is 27230. Residual on the Treg is 20200 and the pay off is 34100. Monthly payments are 591.00. Unfortunately, my job has changed and my use of mileage on the remainder of the 18 months is a concern. Do I have to make up the remainder of the lease payments to get out of this lease? What type of early lease termination fees will VW charge me? Will I get a "break" from the VW dealer if I return and purchase another VW...at the same dealer that I originally purchased from? Not sure If I gave you enough information to help me out. Not sure if you can even help me..... Really concerned here...and will most certainly never lease again!
    I appreciate the help!
    JG :cry:
  • panzerpanzer Posts: 125
    I am not an expert on leasing, but it seems like the best course of action is to buy the car at the end of the lease for the residual or whatever they will sell it to you for, rather than worry about the miles. The residual value is not bad for a 3 year old car. You will get hosed if you are way over miles and turn the car in.
  • Can anyone give me any current news? Thx Guys! Rich

    Sept05:
    36mo's 2005 Touareg V6 AWD w/leather/roof/metallic/heated seats/trip computer

    $504.99/monthly Including CT Sales Tax

    12,000 miles/yr

    Total Driveaway Upfront 1169.00

    Leather Package 3.

    Extra Keyless Remote Fob at No Charge

    Full gas tank

    First Maintainance & Oil Free

    Full Gap insurance included

    VW Credit Corp. Lease

    Metallic exterior vehicle
  • 36 mos along with first payment due at signing. 0 down $563.97 with first payment only due at signing for your 12k a year.
    Toureg V8 2005 with the Nav system
    Any comments out there to share? The Lexus offers better svc, but this seems pretty heavy duty by comparision
  • Hi guthrie. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.

    You will be able to avoid paying an excess mileage penalty by purchasing your leased vehicle and trading it in or selling it on your own, but it is difficult to say whether the amount of money that getting out of your lease early will cost you will exceed your mileage penalty. Unfortunately, this transaction is completely between you and VW Credit and dealers do not have the ability to give you any sort of "break."

    Car_man
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  • Hi richneedsaleas. You never mentioned the selling price or MSRP of the truck 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 truck'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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  • I am interested in your offer. Can I request more information?
  • What is the current residual for 24 and 36 month 15k year V-8 Toureg? What is the money factor on same with high credit score?

    Thanks
  • Greetings blane1. If you were to lease a 2006 Volkswagen Touareg V8 through VW Credit right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00137 and 60%, respectively. The numbers for an otherwise identical 36 month lease should be .00137 and 53%.

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  • 06 Touareg, V6, Pkg 3

    15K yr, 39 mth lease.

    For 39 mth lease, money factor is .00155 and residual is 54%. Do those numbers sound correct?

    Why don't they offer me 36 mth instead?

    Are acquisition fees negotiable?

    Any help is appreciated.
  • jabberjabber Posts: 56
    Carman,

    Can you provide VW lease terms for a 2006 Touareg V6:

    36 Month Residuals and Money Factors for both 12K and 15K miles/yr.

    Acquisition Fee?

    Disposition Fee?

    Overmileage charges?

    Also, are there any incentives/rebates not shown here on Edmunds or any other lease subsidies?

    Thanks in advance.
  • CARMAN,

    I'm interested in the same #'s as jabber, except on a 2005 V6. 36 month, residuals and MF for 12K and 15K.

    Looking to make a deal before the end of the week! Thank you in advance.
  • Hi jksledson. I don't know if you have already leased the Touareg that you were considering, but VW's lease money factors for it are much lower in January than they were in December. If you were to lease a 2006 VW Touareg V6 through VW Credit right now for 36 months (they are pushing 36 instead of 39 month leases this month) with 15,000 miles per year, its buy rate lease money factor and residual value should be .00048 and 52%, respectively.

    Lease acquisition fees are charged by banks and individual dealers do not have any authority to lower or waive them. Dealers are sometimes allowed to "mark-up" banks' acquisition fees though to add additional hidden profit to deals. I believe that VW Credit's base lease acquisition fee is currently $575. Make sure that you don't pay any more than that.

    Car_man
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