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2013 and earlier Volkswagen GTI Lease Questions

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  • perunestperunest Posts: 42
    John, You are correct of course. I was trying to make a point about not having to cut a big tax check up front. Most people don't consider this. I've purchased 34 cars in my life, mostly new, and I've leased only one. Even though I rarely keep a car more than two years I have a psychological need to own. The one BMW I leased resulted in my having to give up my legacy single rear Massachusetts license plate for the dual plates assigned to the rental company. Now I have undesired front plates on all three of my cars.
    I'm on this forum because I test drove two GTIs and am toying with the idea of replacing my 2006 Mazda 3 (purchased last September) for a GTI. I have a 2008 Acura MDX and a 2006 BMW M Roadster, both purchased new, so the Mazda was to be a winter knock about car. I made the mistake of trying the GTI and getting hooked. I will probably wait for a 2011 and the improved fully functional Bluetooth.
  • book_jbook_j Posts: 1
    Hi all,

    Here's another request for July money factor and residual rates for a 12k/36m 4dr lease.

    I think I'm getting some too-high numbers in the SF Bay area.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go, bds231.

    VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GTI 4 door with 10,000 miles per year are .00045 and 53%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome walid_gti. OK, so you're interested in leasing a 2010 Volkswagen GTI that has an MSRP of $24,639 and a selling price of $21,825. This car probably has a gap of around $1,500 between its full MSRP and its dealer invoice price. The $2,800 dealer discount that you were quoted is surprisingly large...and a very good deal.

    The money factor that you mentioned is slightly higher than the .00041 that VW Credit was running on this car last month, but even so this is a very attractive deal.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I certainly do, David. 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 2010 GTI 4dr with 10,000 miles per year are .00064 and 54%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi book_j. Volkswagen Credit's July buy rate lease money factor and residual value for a 36 month lease of a 2010 GTI 4-Dr with 12,000 miles per year are .00064 and 53%, respectively.

    Car_man
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  • Hi, I am looking to buy/lease a 2010/2011 GTI.

    2010 2 door GTI with DSG in Candy White
    18" Detroit rims with all season
    Sunroof
    GTI mat kit
    Bluetooth (I thought this is standard)
    I was quoted with a MSRP $27,498 and sale price $25,538 plus tax & license. I think this is basically at invoice. This is without any negotiation.
    Since this is a 2010, how much better can I do to make this a great deal? $1000 more off?

    I am thinking about leasing it too. What is the MF and residual for a 3 year 12K mile lease for a 2 door 2010 GTI? How about for 2011?

    Thanks a lot in advance!
  • Hi, I'm looking to lease a 2010 VW Golf 2 door HB Automatic. 36 months/36k lease. $19,086 MSPR.

    Can anyone provide the Money Factor and Residual for this car? Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi wongkoonwai.

    Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GTI 2 Door with 12,000 miles per year are .00022 and 51%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a base 2011 GTI are .00148 and 58%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'd be happy to help you out, joeauto2010.

    Volkswagen Credit's August buy rate lease money factor and residual value for a 36 month lease of a 2010 Golf 2 Door with 12,000 miles per year are .00042 and 51%, respectively for consumers who qualify for its top credit tier.

    When negotiating your deal on the Golf that you're interested in, make sure to take the $500 cash incentive that is currently available on leases of it into account.

    Car_man
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  • Hi Car_man,

    Thanks for the info.
    Do you know the September buy rate lease money factor and residual for a 36 month lease of a 2011 GTI 2 door with 12,000 miles per year? How about 4 door?

    Are the money factor and residual still the same at 0.00022 and 51% for a 2010 GTI 2 door (12k miles/year)?

    Thanks!
  • No problem, wongkoonwai.

    Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2011 GTI 2-Door with 12,000 miles per year are .00023 and 50%, respectively.

    The numbers for an otherwise identical lease of an '11 GTI 4-Door are .00046 and 49%.

    Car_man
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  • I was hoping to get some help. I currently have a 2007 Jetta that I will be turning in the lease and looking at the 2011 GTI 2dr w/ Sunroof.. I am talking numbers this Friday with my guy and hoping to come in knowing what the GTIs are going for.

    The one I test drove was MSRP $26,210 I believe. VW national "sale" is showing for the base:

    MSRP: 24,460
    Residual: 14,546
    downpay: 2,299
    and payment of 279/month

    So the residual is looking more than 50% according to their sale. What do you think would be an accurate price for the 26,210 msrp if I am using the previously mentioned .00023 MF for September 2010?

    I would rather put no money down and just have the higher payment. I feel if i can get under 350/month (including taxes) with nothing down on a 36/12k lease. It would be a good deal. Any thoughts? (in NY)
  • Was at VW yesterday, for a 2011 GTI w/ Sunroof MF was .00129 and a residual of 57%.. more like the August number you previously mentioned that the .00023/50% number
  • Hello, this is my first post!
    Went to VW dealership here in Southern CA yesterday who had the 4 door GTI autobahn package with stick, the exact recipe I want sticker $30,075 discounted to 29500.
    3 year 10K lease 2K drive off. After much back and forth and explaining how GTI is a limited /special car blah, blah, blah, and VW doesn't offer any incentives, offered car at $480 month including taxes. Seems way off to me?? Not so much interested in residual value ( it was around 16K ) because I dont keep my cars after the lease. I like the car but doesn't seem to a good value. I said no thanks, but still interested in the car.
    Can you please advise. Thank you.
  • First of all, the guy's snowing you. There are absolutely incentives on the GTI, right here for example: GTI incentives
    When I bought mine a few months ago (also in SoCal), many dealerships had a ton of GTIs and couldn't get rid of them all. I would recommend shopping around aggressively via email -- you can go to edmunds.com or a dozen other websites and send emails to 5 dealers at once with a request for quote.

    Regarding the monthly, that does seem high, but we need to know the money factor (interest rate) and residual percentage (or exact residual value) to say for sure. The residual is actually extremely important to you because, as a lessor, you are basically paying the difference between the selling price and the residual (plus a finance charge). VW typically sets benchmark values for the money factor and residual; you just have to make sure your dealership is using the benchmark values, and then negotiate the lowest possible selling price for the car. Car_man can tell you what their benchmark values are right now (they change monthly).
  • Thanks so much for your post. Hopefully car_man will chime in with some info.
  • Hi Car_man,

    I am still in the market for a GTI, it looks like I have to look for a 2011 now but it's strange that I don't see that many 2011 on the dealers' lots.

    Anyway, do you know the October buy rate lease money factor and residual for a 36 month lease of a 2011 GTI 2 door with 12,000 miles per year?
    How about 4 door?

    Thanks!
  • Welcome rfeiz. As bds mentioned, Volkswagen definitely provides incentives on the GTI. You can finance a 2011 GTI through Volkswagen Credit right now at 2.9% for up to 5 years.

    It's also running a special 36- month lease money factor of .00122 on this car right now. That's equivalent to an interest rate of just under 3%.

    Having said that, this car doesn't exactly have huge dealer margins. The model that you described probably has a spread of around $1,100 between its full MSRP and its dealer invoice price. That puts the selling price that you were quoted at around $500 over invoice, which is pretty good.

    Let's use VW Credit's current lease program to work up a payment on this car and see what we come up with. According to my calculations, if you were to lease a 2011 GTI Autobahn that has an MSRP of $30,075 and a selling price of $29,500 through VW Credit right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $417.

    This is before tax, but still it's quite a bit lower than the $480 that you were quoted. If I was interested in this car, I would want to know why. Make sure that the dealer is using the money factor that I mentioned earlier to calculate your payment.

    Car_man
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  • Hi wongkoonwai. Here's the information that you're looking for. Volkswagen Credit's October buy rate lease money factor and residual value for a 36 month lease of a base 2011 GTI 2-Door with 12,000 miles per year are .00122 and 58%, respectively.

    The numbers for an otherwise identical lease of a 2011 GTI 4-Door are exactly the same.

    Car_man
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