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Volkswagen Rabbit Lease Questions

24

Comments

  • 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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    Prices Paid Forum
  • 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.
  • Agreed on price was $17,500... it is a four door and standard options, no sunroof, wheels, etc...
  • imgdocimgdoc Posts: 30
    Car_man,

    I am shopping for a 2Dr auto trans. Emailed a dealer. he found me one that I like for MSRP $17,125. I would like to ask him for a lease - 24 mo/12K miles/year, 0 down. What would be the numbers for a good deal. state tax is 7%.
    appreciate your help.
  • eldainoeldaino Posts: 1,618
    that sounds a little off for a two door auto; our sticker for our 2 door auto w/ the 16 alloy wheel package stickered at 17,095.
  • imgdocimgdoc Posts: 30
    Dealer emailed me with the following offer:
    2dr auto, 16" alloy MSRP 17,105, selling price 16,950
    36 month lease, 12K/year, 299/mo, $500 total out of pocket.
    What do you guys think? Should I accept or haggle more?
  • eldainoeldaino Posts: 1,618
    ok this sounds better. go for it.
  • imgdocimgdoc Posts: 30
    Just got a quote from another dealer:
    36 month lease, 12k/year 2-door Auto Rabbit with 16" Alloys:
    MSRP:$17101
    Selling price: $16500
    Money Factor: .00263
    Residual: 61%
    Drive Off Amount Due at Signing: $400
    Monthly Payment: $277.41
    This includes tax, title and registration

    I was thinking of waiting till August for the 2008 models,
    but deal seems so sweet. What are you all thinking. Should I go for it now?
  • eldainoeldaino Posts: 1,618
    it sounds good, but with the 08's just around the corner, you'll have to decide if you want bragging rights for a 170hp engine and a standard armrest, or this deal. i wish my payment was this much!
  • imgdocimgdoc Posts: 30
    I am kind of stubborn and I've sent a few more emails to nearby VW dealers. One of them called me on the phone and offered $263/mo and $430 drive off. Same 2dr, auto, alloy wheels.
    Are they really trying to get rid of the 2007 models? Anyway, this works for me and I am getting this bunny on Thursday. Will post after that.
  • eldainoeldaino Posts: 1,618
    hey congrats man! you'll love it regardless if its 150 or 170hp.

    i don't think the 08's are getting to the lots in a month or anything like that, but i have read on vw vortex that dealers are getting to the point where they are no longer taking special orders for 07 rabbits.
  • imgdocimgdoc Posts: 30
    I GOT IT!!! YEAHHH!
    It has 12 miles on it. It is the grey one. There was one green also but I kind of fell for the grey. The saleswoman was professional. Filled the paperwork with the numbers exactly as we agreed via the emails. Did not try to push any additional products like warranties etc... I asked her boldly if she will agree to through in the floor mats in the deal. She went to ask the manager and then said she cannot do it because she already gave me the best she can offer. She showed me the paper with the Invoice which was something like $16,880. Sale price is $16,300 - over $500 bellow invoice!!! With the $500 dealer cash they are getting I guess it is worth for them. So my payments are 263/mo with $400 drive off. She said she waived the acquisition and document fee as well. It is amazing. Imagine how much room they have for making a profit. Just a week ago I was getting offers like $299/mo and $500 drive off. It is definitely worth shopping around.
    I will write again to share my driving impression.

    Great forum BTW. Thanks to Car-man and all of you guys.
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