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Volkswagen Beetle Lease Questions
CarMan@Edmunds
Member Posts: 38,514
in Volkswagen
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volkswagen Beetle. Thanks.
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Has the money factor and residual changed from above? It has been 3 mos. Please let me know
Thanks
Joe
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What is the money factor on the 2006 with the $249/mo lease deal as seen on the VW website? Thanks
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With leasing specials that are going what should the money factor and the res val be? This columbus ohio byers vw.
Will this be with 12,000 miles/ 36 months or 39mth?
Thanks
Lisa
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What is the current mf and resid for a 36 mo lease on a convertible for 15k miles per year? is it .00118 and 60%? are dealers coming down off list price on these?
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I'm trying to help my mom out with the lease of a Beetle Convertible. Here's what I figured:
Beetle convertible auto w/ package 1
MSRP of $25,400 including destination
Invoice of $24,100
Cap cost of $23,350 after the $750 incentive
The money factor of .00103 with a 63% residual based on 10k miles/yr.
We have the supplier discount which is invoice minus any incentives. The payment with 6% tax I'm coming up with is 259/mo based on a 36 mo lease.
Does this seem correct? Do the dealers HAVE to do the deal given the fact they aren't making much?
She is planning on moving forward today if we can get this deal so if you could let me know ASAP it would be a HUGE help. Thank you!
2007 Beetle convert, triple White with everything.
Cost $29,800 : 0 down = $405+tax 36 monthly payments. Dealer stated number could come down a bit once credit report is run.
So what should I expect to negotiate:
Edmunds new car with everything:
$28,877 (what others are paying -$500) so thats the cap cost
12,000 miles
36 month
0 down or $3000.00 (I can do either)
60% residual
?? Money factor (assume 0.00103?)
__________
?? Monthly fee
What would be a great deal and what would be a good deal?
- MSRP is different - add includes delivery charge, VW site does not
- Ad does not state down payment - VW.com has it at $2044 or 10% CORRECTION: scrolling text mentions the Down Payment. So fast I missed it. My bad.
- 61% residual price
- other little things but good news - deals are starting to pop up - cool.
I am in St.Petersburg, Florida. I just got mine yesterday for the triple white conv.
This is what I paid for: The selling price is $25,397.00 and the money factor is .00126 (it is higher on the triple white version). The residual amount is 60% from MSRP = $15,978.00.
With $0 down (but actually I paid the 1st month plus upfront fee for a total of $623.71) and then the monthly lease $345.37 plus tax. It is a standard 36 month lease with 12K/yr. I forgot to ask about the $750 cash rebate, but not sure if they would let me :-)
No other hidden fee!
Good luck with yours!
I've been quoted by a dealer a buying price of $23,966. Could you please let me know how much I should expect for a lease payment? My Florida sales tax rate is 6.5% if that helps.
Thank you very much for your help.
They are telling me 57% residual, which seems very low to me considering their big marketing pitch is best residual value for it's class.
Money factor at .00120, which also seems high for her credit.. I was thinking more like .00103.
Dealer also wouldn't budge on Cap Cost.. Only $800 less than MSRP.
Where should I be on these numbers.. Thanks for any help!
The monthly payment that you calculated looks about right to me. I come up with $245 before tax.
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Volkswagen Credit's latest buy rate lease money factor and residual value for a 36 month lease of a 2007 Triple White Beetle Convertible with 12,000 miles per year are .00126 and 63%. Using these numbers, an MSRP of $29,800, and a selling price of $28,877, I estimate that this car's zero down, pre-tax monthly payment should be around $341.
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I would be happy to estimate what the monthly payment should be for the exact car that you are interested in, but in order for me to do so I need its MSRP, in addition to the selling price that you mentioned. Let me know what the MSRP is and I'll crunch some numbers for you.
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The money factor that you were quoted is also too high. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a non-Triple White Beetle Convertible with 15,000 miles per year are .00061 and 62%, respectively. Make sure that this is the lease program that the dealer you are working with uses to calculate your car's monthly payment.
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VW Beetle non-triple white.
MSRP - 25,400
Cap Cost - 23,900
10,000 or 12,000 miles
Sales Tax 6.5%
We are looking at leasing a new beetle but are in the last few months of a lease on a toyota Rav4. The VW dealer says they can "pay off" the Rav4 lease when we lease a VW. How does it really work when you return a leased vehicle to a dealer of a different company and lease a new car from them? I feel like we should ride out the Toyota lease, turn it in to Toyota and start from scratch with VW. Any thoughts? Oh, the VW dealer quoted a trad-in value on the RAV of $9,000-$12,000.
I am looking to lease a VW New Beetle Convertible for my wife from VW Sunnyvale, CA.
Beetle convertible auto w/ package 1 and rubber mats
MSRP of $25,499 including destination
Invoice of $24,195
Purchase Price of $23,162 (He's saying the $750 VW lease cash does not apply for Sept. and that he's pricing it $1033 below invoice. Well, whatever :P )
Cap cost of $23737 (Including $575 lease acquisition fee)
Cap cost reduction $1737
Total Financed $22,000
The money factor is .00027 (I have a credit score of abt 790) with a 61% residual based on 10k miles/yr 36 months.
So with a residual of $15,554.39, I am looking at 189/month plus tax.
Now here are the questions:
1) Is the $750 VW lease incentive available for Sept 2007?
2) Is the lease acquisition fee mandatory or do dealers usually waive it?
3) What are the residual and money factor on this car for Sept 2007? the money factor they are giving me looks way below what you quoted for Aug, but the residual is a full 4% lower than your Aug figures.
4) Do dealers go below the factory specified money factor?
5) Do dealers dip the residual below the factory specification and do they have a reason to do that, since its only gonna force me to buyout the car at lease end?
Since the purchase price looks below invoice (even after factoring the $750) and very low finance charges, I think I am getting a good deal, since the low residual can be offset by opting to buyout and reselling at lease end. But if dealers usually waive the lease acquisition fee, the equation might be different.
Please share your thoughts. And BTW, no other dealer in the area came even close.
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VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta 2.5 with 15,000 miles per year are .00113 and 51%. Its 48 month numbers are .00166 and 43%.
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VW Credit charges a $575 acquisition fee on every vehicle that it leases. Unfortunately, individual dealers do not have the authority to waive this charge. You can either pay it at lease signing or roll it into your car's capitalized cost to make it part of your monthly payment.
Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2007 Beetle Convertible (non-Triple White) with 10,000 miles per year are .00043 and 61%, respectively. This is the lowest money factor that dealers are allowed to charge on leases of this model through VW Credit, but dealers are often allowed to "mark-up" vehicle's buy rates to add additional hidden, back-end profit to deals. Residual values are essentially set in stone and dealers really do not have tha ability to alter them.
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I have a feeling the dealer will throw me out if I show him that sales figure and those calculations. How did you arrive at a selling price of $23,900 ? and what residual did you use ? They say the residual is set by the bank and they are not able to alter that number - I think it was $15,200.
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The selling price that I used to calculate that lease payment for bstewedmunds was supplied by him in an earlier post.
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I would like to try to find something around a payment range of $200 to $250 to lease. Any help or suggestions. Thanks
Tiquan
National Base Price
A note about advertising fees $25,643
Regional Adjustment
for Zip Code Change - - $233
Optional Equipment $3,710
PVD Navigation System w/Rearview Camera $1,813
PSR Power Sliding Panoramic Sunroof $1,184
PJN 18" New York Alloy Wheels $364
TGM Tiguan Mat Kit $187
TGG Splash Guards $162
Color Adjustment - - $0 (white or light silver)
Not Sure
Destination Charge$800
Total with Options $32,320 $29,780 this is what others are paying...$30,386
if you think its worth waiting for the BMW X1 please tell me !!
thank you in advance for any help.
best, susi
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It sounds like you don't completely understand how to calculate lease payments. 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.
Volkswagen's advertised lease on the 2010 Tiguan isn't a bad deal, but like with most manufacturers' official advertised payments I suspect that you should be able to negotiate a lower selling price than the one which was used to arrive at that payment by shopping around.
If I was in the market for a '10 Tiguan right now, I personally would shoot for a selling price of $500 or so over dealer invoice.
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I was wondering if you had an idea of what the money factor/residual value of the 2012 Beetle is for a 12,000 mile 36 Month lease?
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Could you post the current money factor/residual values for the 2013 VW Beetle Turbo
15k miles
Sunroof/Sound
Sunroof/Sound/NAV
Thank you very much,
Jarvis
Volkswagen Credit's October buy rate lease money factor and residual value for a 36-month lease of a 2013 Beetle Turbo with 15,000 miles per year are .00077 and 55%, respectively for consumers who qualify for its top credit tier.
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Dealer is letting remaining 2012 models go for $5000 off sticker.
Would like to know the Money Factor and Residual for the:
2012 VW Beetle Turbo
15k miles
Sunroof/Sound/NAV
Thank you so much, if they are close to the 2013 rates, think I'm gonna jump on this deal...
-Jarvis
There is a $1,000 cash incentive on leases of this car right now. Plus VW is waiving the first month's payment on leases of this car for the rest of the month.
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I didn't jump on the deal last month... but deals keep getting better - wondered if you could give me an update of NOV 2012 Money Factor and Residual Value for:
2012 VW Beetle Turbo (SUNROOF/SOUND) only
15k miles
36 months
Thanks again for your help,
Jarvis