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Volkswagen Rabbit Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
edited May 2 in Volkswagen
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volkswagen Rabbit. Thanks.

Car_man
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Comments

  • legarlegar Posts: 71
    Car_man can you please post some leasing numbers for a Rabbit with the following options:

    United Gray, Automatic Transmission, ESP, and 16 inch wheels
    for 36 months/12K

    Total MSRP: $17,545

    What kind of monthly payments would I be looking at if i only plan to put $1000 dollars out of pocket?

    Thank you,
  • v_dv_d Posts: 89
    you can try to contact a dealer, they will be "glad" to serve you. You can find dealers near you on www.vw.ca or www.vw.com

    Cheers and hope you`ll find what you want. :)
  • legarlegar Posts: 71
    I want to know the money factor, residual, and any leasing programs before I go to a dealer.
  • v_dv_d Posts: 89
    you don't have to actually go there. Just write an e-mail to that dealer and so on.
    In Canada a 5-door Rabbit with: convenience pack, alloy pack, ESP, rear side airbags, floor mats & freight it`s sold for 23.830 MSRP (that`s from a dealer)
    EFF. INTEREST RATE: 5.92%
    48MONTHS/80K --> $0 DOWN - $306+TAXES ($350 WITH TAXES)
    --> $2000 DOWN - $259+TAXES ($296 WITH TAXES)

    ON ME: $1000 DOWN WILL TAKE YOU TO $330 WITH ALL TAXES, PROBABLY.
    AND RESIDUAL IS 57%
  • I'd be happy to help you out, legar. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Rabbit 4-Door with 12,000 miles per year are .00312 and 56%, respectively. This car's lease payment will depend upon what sort of a discount you are given on it. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. For now, I will work up a sample lease payment on this car, assuming a $500 discount. Let me know if you want me to use a different price. According to my calculations, a 36 month, 12,000 mile per year lease of a 2006 Volkswagen Rabbit 4-Door through VW Credit with an MSRP of $17,545 and a selling price of $17,045 would have a zero down, pre-tax monthly payment of around $276. With this deal at lease signing you would have to pay your car's first month's payment, a security deposit of $300, VW Credit's $575 acquisition fee, and any required state taxes or fees.

    Car_man
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  • Car_man,

    Do you have the money factors and residuals for both the 2007 Rabbit College Grad lease and the 2006 Rabbit Advertised lease?

    I'm interested in the 4-Door Rabbit, 12k miles per year, 36 or 48 months -- for each program. I'm looking to lease this car by the EOW. Thank you for your help.

    - Adam
  • Greetings Adam. I don't know how Volkswagen's recent college grad program impacts it, but I can tell you what this car's current lease program is like. Volkswagen Credit's current 36 month buy rate lease money factor and residual value for a 2007 Rabbit 4-Door with 12,000 miles per year are .00312 and 60%, respectively. The numbers for an otherwise identical 48 month lease of this car are .00332 and 52%. VW Credit's numbers for a 36 month lease of an otherwise identical 2007 model are .00312 and 56%. Its 48 month numbers are currently .00332 and 50%.

    Car_man
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  • Hi Car_man! I've been looking for 2-door Rabbits (manual, base model) lease. There is a 225$/Month program advertised on the VW website for the Rabbit I'm looking for but it ends tomorrow and the up-front costs are too high. Do you know what a lease would look like (monthly payment, residual, money factor) ?
    MSRP: 15,620
    36-Month Term
    12k annual miles
    good FICO if thats important

    Thanks!
  • Hi jzero23. I can tell you what this car's current lease program looks like, but it is only scheduled to run through the end of today. Please feel free to check back with me in a couple of days and I will be able to give you an idea of what this car's new October lease program is like. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Rabbit 2-Door with 12,000 miles per year are .00312 and 61%, respectively.

    I would be happy to use the aforementioned lease program to estimate what your monthly payment should be on this car, however in order for me to do so I need you to provide me with its approximate selling price. You may be able to get an idea of how much you will have to pay for this car by visiting the following discussion: "Volkswagen Rabbit: Prices Paid and Buying Experiences".

    Car_man
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  • Hi Car_man,

    Please advise on a Rabbit, 2door/auto/, price $16950. 24m/10,000m/year, $0 down.
    Thanks in advance
  • Okay, so I've found the car I was looking for (2-door, manual, bare model rabbit), and I'm going to move forward with the deal. However, I'm not sure if I should lease or finance. The dealer said he could meet the national ad (http://www.vw.com/rabbit/offers_incentives.html) (basically 203$/mo. with 2250 out the door [1250 downpayment, rest are fees]). There is also one that has 6.75% APR. So, before I make the big decision with the 203$ a month deal (i argued for 12k miles/mo. instead of 10), if you could show me what other arrangements would look like I'd feel better about which I choose.

    Dealer quote: $15,600 and Good Credit
    So, either lease or finance (I'm okay with either)

    Lease: 12k mo., as little out the door as possible, 36-39 months
    or
    Financing: 72 months with as little down-payment as possible

    Just need some numbers to work with (i.e. money factor, monthly payment, etc.)

    Thanks Car_Man! ;)
  • Hi rovision. Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Rabbit 2-Door with 10,000 miles per year are .00306 and 71%, respectively.

    Car_man
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  • Hey jzero23. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Rabbit 2-Door with 12,000 miles per year are .00306 and 61%, respectively. Its numbers for an otherwise identical 39 month lease are .00326 and 61%. These money factors aren't very attractive. They are equivalent to interest rates of around 7.3% and 7.8%, respectively. If I was personally in the market for this car, I probably would finance it. I would be happy to give you an idea of what your lease payments on it would be like, but in order for me to do so I need you to provide me with its full MSRP.

    Car_man
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  • Thanks for your reply. Meanwhile I leased a Rabbit priced at $16,950, with some $500 CR + taxes/fees. For 24m/10kmiles/with the above MF and RV came to $300/month including sales tax.
  • You're very welcome, rovision. Congratulations on your new ride. Thanks for taking the time to stop back and let us all know how everything turned out. Enjoy!

    Car_man
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  • Car_man, I was just offered this deal for a base 2dr stick-shift 07 Rabbit.

    Selling Price: 15,320
    Trade-in: 1,400
    Sales Tax: 900
    Dealer Fee: 600
    Total cost: $15,420

    I am only being Taxed on $13,920 because of the trade in.

    CASH DOWN 48months 60months 66months 72months
    $0 395 330 315 295
    $1000 370 310 295 277
    $2000 345 290 275 258

    My Credit score is approx 660.
    Which, if any of these deals; are the best.
    Happy Holidays and TIA
  • Car_Man -

    Looking to be prepared on lease negotiations and I do not have a good understanding to hold my own. Could you please advise.

    I am interested in 2007 Rabbit 4-door manual with extras.
    MSRP - 19,669
    Negotiate to - 19,472
    39 months
    10,000 annual mileage
    Reasonable cash down
    Good to excellent Credit score.

    Thank you.
  • Hi ztinier. I see that you are considering trading in your current vehicle when you lease a new one. There's nothing wrong with trading in your current car or truck when you lease your next one, I've done it myself, however you would be much better off having the dealer that you are working with cut you a check for your trade than using the proceeds from it as a down payment for your lease. I always advise consumers against making down payments on leased vehicles. The main reason that I do so is if their leased vehicle is totaled in an accident or stolen and never recovered, they down payment is lost.

    I also see that you are considering leasing your Rabbit for a very long time. There's nothing wrong with a 48 month lease, but 60 months and 72 months are way too long. Consumers who lease for that long often find themselves wanting to get out of their leases early for a number of reasons, including a change in commute, a change in their family situation, etc... It is usually very expensive to get out of leases early.

    I would be happy to give you my opinion on the selling price and lease payments that you were quoted if you provide me with this car's MSRP.

    Car_man
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  • Greetings jupiler. Since you do not fully understand how leasing works, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    I see that you were not able to negotiate much of a discount on the Rabbit that you are interested in. I actually am not surprised. Volkswagen is not currently providing any cash incentives on the 2007 Rabbit and the spread between its full MSRP and dealer invoice price is only around $700 on a base model. If you shop around you may be able to shave another hundred or two off of this car's price, but there is not a whole lot of room to play with.

    Once you arrive at a selling price that you are comfortable with, have the dealer calculate your car's monthly payment using its buy rate lease money factor. Volkswagen Credit's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Rabbit 4-Door with 10,000 miles per year are .00314 and 61%, respectively.

    Car_man
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  • storrnycstorrnyc Posts: 28
    Hi Car_man

    Long time no post. I was going to be getting a GTI but that fell by the wayside when the lady of the house changed jobs and did not need a car anymore. Well, she may need another new car for a possible new job and that got me wondering...which cars are top of the list to lease for working purposes. She will getting her 48.5 cents per mile and if she does around 600 a month that is just under $300 a month coming in. The more miles the better i guess. I assume its best(as always) to go for a car with a low money factor and a high residual value which probably discounts this rabbit although she does seem to love it. Which vehicles would you point me in the direction of for this purpose.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey storrnyc. Volkswagen actually recently enhanced its lease program on the Rabbit. It's not amazing, but it's not bad. Other nice commuter cars that I would look at if I was in your wife's situation include the Honda Civic, Toyota Corolla, and possibly the Toyota Prius. Honda is not currently providing any lease support on the Civic, so it's not a great vehicle to lease right now, but Toyota has special money factors on the Corolla and Prius in most areas.

    Car_man
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  • storrnycstorrnyc Posts: 28
    Thanks Car_man What is the current residual and money factor on a 36 month 15K deal. Is it the same metrics for drivers option? Shall i go over to the Jetta forum and ask the same for that?
  • bagshawbagshaw Posts: 6
    Carman,

    Would you please post current VW lease residuals and bank factors for a 4-door VW Rabbit ? I'd be interested in leases ranging from 24 months to 36 months (27 and 30 month options fine too if available). Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, storrnyc. Through April 30th, Volkswagen Credit's buy rate lease money factor and residual value for a 36 month lease of a 2007 Rabbit 2 Door with 15,000 miles pr year are .00263 and 59%, respectively. The money factor for an otherwise identical lease of an '07 Rabbit 4 Door is the same, but its residual value is 56%. VW Credit's Driver's Option program is different than its lease program.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings bagshaw. Here is the information that you are looking for. Through April 30th, Volkswagen Credit's buy rate lease money factor and residual value for a 24 month lease of a 2007 Rabbit 4-door with 15,000 miles per year are .00263 and 65%, respectively. The money factor for an otherwise identical 36 month lease would be the same, but its residual value would be 56%.

    Car_man
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  • timmbojtimmboj Posts: 123
    Hi Car_man,

    Are GTI Residuals and MF the same as the Rabbits? If not, do you have Residuals, and Money Factors for a 2007 GTI for May?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey timmboj. Nope. The Rabbit has its own lease program. Its program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of an '07 VW Rabbit 4-Door with 15,000 miles per year are .00263 and 56%, respectively.

    Car_man
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  • trooperkaltrooperkal Posts: 4
    Hi All - this is my first post in these forums and I figured this would be a good topic to post in since I'll be picking up my new '07 Rabbit tonight.

    My Rabbit is going to be leased and the MSRP is $18,865. The term is 36 months with 12,000 miles/year.

    I'm taking it home for $1,500 up front and $265/month.

    I assume this is a decent deal and that's because there are three VW dealers near me that I was able to have compete against each other.

    Just an FYI for you that there are deals to be had.
  • wilkich84wilkich84 Posts: 34
    Congrads on the purchase. I'm looking to buy soon and would like some more info. Did you negotiate the actual price of the car? If so what was the negotiated price? Also, 2 dr or 4 dr and what options?
  • manwonetmanwonet Posts: 6
    FYI:

    Just leased a 2007 2DR Coupe Automatic with 16" wheels, iPod adapter, and rubber mats w/ MSRP: $17,589. Here are the lease terms:

    $500 total out the door and $300.00/mo for 24 mos, 10k miles.

    Didn't do much haggling, was anxious to get something for the wife before Tuesday, but I wasn't paying anything over $300 and dealer knew that. Don't know where this fits in the bad to great lease deals (I'm sure you can always do better, worse, etc), but we're happy with it.
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