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2013 and earlier Volkswagen GTI Lease Questions
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I know that VW Credit provides a money factor reduction for consumers who pay for their entire leases in advance, but I am not sure if it has a multiple security deposit program.
Car_man
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Different states use different methods for calculating sales tax on leased vehicles. I am not personally familiar with how sales tax is calculated on leased vehicles in New York, but you may be able to find out how it is done by visiting one of the following sites: New York State Department of Motor Vehicles Internet Office or New York State Department of Taxation and Finance.
Let's take a look at these cars' current lease programs. If you were to lease a 2006 Volkswagen GTI 1.8T through VW Credit right now for 24 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00103 and 62%. The numbers for an otherwise identical 36 month lease should be .00103 and 54%. If you were to lease a 2006 Volkswagen Rabbit 4-Door through VW Credit right now for 24 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00319 and 64%. The numbers for an otherwise identical 36 month lease should be .00319 and 57%. Lastly, the 24 and 36 month, 10k numbers for the '06 Jetta GLI should be .00086 / 64% and .00143 / 54%.
Let me know if you have any other questions.
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thanks for all your help on the taxes and upfront costs.
apologies for a further request but i think i may be in need of 12K per year.
Could you tell me the money and residual for the follwing:
GTI 2.0L 10K/12K 24/36
rabbit 12K 24/36
GLI 12K 24/36.
Many many thanks you are a star.
I am looking to buy a newly released '07 model VW GTI.
In Scottsdale, Arizona they have recieved a couple in their dealerships, and I got dealer offer for a '07 that is
expected with their next shipment. (within a week.)
exactly the specs I want. This is the first offer
he gave me and said he couldn't go lower.
Should I still try and go lower.. if so how much do you think.
2007 Volkswagen GTI, Auto(DSG), United Grey, no packages, 18" wheel upgrade.
The offer from the dealer was that I can put a deposit on
the car so that no dealer add-ons happen once the car arrives.
He offered me $800 above invoice, which sounds like a good deal for a newly released '07, but the out-the-door price seems high.
Invoice price: $22,707
MSRP: $24,555
-----------------------
Invoice price: $22,707
Mark-up: $800
Phoenix dealer advertising fees: $200
interest reserve???: $142
port prep: $25
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total before tax(8.0%?): $23,874
+ tax + plates + doc fee $26,600 OTD.
I am new to Arizona and don't know what the
plates cost as well as the doc fee.
I already have a AZ plate I can transfer from my
old car. Does that mean I don't have to pay the plate fees??
I read in many places that buyers of the GTI in
arizona paid less than this for their '06's
Is this a decent deal considering the car is just
arriving, or should it not matter since it is not
a redesign year for the GTI??
Thanks for your time!
DC from Arizona.
What is the MF of the current VW Rabbit promotion (MSRP 15620, 36 mo., $1250 down, $226/mo.)?
With the Rabbit's invoice price within $720 of the MRSP, is much negotiation down reasonable?
Much thanks,
Chris
I was offered $3,000 down and $311 monthly (tax included) for a base model 2006 GTI.
Well, it actually does have the 18" wheels.
Was this a good deal?
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I am not familiar with Arizona's laws on the transfer of license plates, but you may be able to find out more information on this subject by visiting the following site: Arizona Motor Vehicle Division.
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Here is my situation - I'm looking to lease a 2007 GTI 2.0T, w/Package 0 - no options. I don't drive much, so I'm only looking at a 24 month, 10K a year lease. MSRP on the vehicle is $22,730. I'm sure I can get them down to $21K or better. What is the money factor and residual for this vehicle?
If leasing a 2007 GTI isn't favorable for me, I'm also looking at leasing an '06 GTI 2.0 that the MSRP is $26,530. It comes with 18" wheels and Package 2. I can probably get this down to $23,500 or better. With VW's lease support for the '06 models, what would the money factor and residual be for a 24 months, 10K miles lease?
Thanis in advance.
(i will soon make that gti jump....honest)
Here is what i was offered by the VW dealership in Wappingers Falls, NY 12590.
This was for a 2007 GTI Auto 2Dr United Grey with Package 2.
We didnt discuss MSRP but was told invoice price including destination was $25236(which she didnt agree to sell to but felt that i would be able to). Edmunds says MSRP on this is 26965 and Invoice is 24931(incl destination).
On a 36 month/12K lease, I was told the residual was 59% and the money factor 0.00319.
Her Monthly Base payment she calculated to $429(before tax).
My Initial costs she said would be $2818.43.
This Broke down as:
Acquisition fee $575
Security Deposit $450(should be zero based on it being our 4th vw lease with no security)
Tires Inspection Fee $12.50(5*$2.50 per tire)
Documentation Fee $45
Inspection fee $10
Upfront Taxes $ 1296.06 (My tax rate being 8.375%)
& First Month payment of $429.
Does this sound right? She is adamant the 24K invoice price that edmunds states is incorrect. I was hoping to have payments around $350. Would that mean going for a 2006? What do you feel would be the positives/negatives on going 07 Vs 06. I admit i need to read up on the slight changes between the years.
Thanks for any help from yourself or anyone on this.
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yes it would be great if you could provide me with that info and on a couple of others to compare. All at 36 months and 12K mileage.
The full MSRP on a 2007 2.0L GTI AUTO pk2 would be 26965. The price im at to purchase is 26300(both include dest. Fee). The residual is 59% and MF 0.00312? How much would you say the lease was?
The full MSRP on a 2007 2.0L GTI AUTO pk1 would be 25175. The price im at to purchase is 24500(both include dest. Fee). The residual is 59% and MF 0.00312? How much would you say the lease was?
The full MSRP on a 2006 2.0L GTI AUTO pk2 would be 26855. The price im at to purchase is 25800(both include dest. Fee). The residual is 55% and MF 0.0018? How much would you say the lease was?
The full MSRP on a 2007 Rabbit AUTO and sunroof would be 19695. The price im at to purchase is 19500(both include dest. Fee). The residual is ?% and MF ? How much would you say the lease was?
(Is there any difference between 2006 and 2007 Rabbits?)
Thanks
Would you provide lease info on the current GTI program for:
2006 GTI 2.0L w/ auto/DSG transmission
36 mo/15K miles year
Do the program offerings vary with any options such as DSG transmission?
Thanks,
Lee
According to my calculations if you were to lease a 2007 2.0L GTI with an MSRP of $26,965 and a selling price of $26,300 through VW Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $421.
According to my calculations if you were to lease a 2007 2.0L GTI with an MSRP of $25,175 and a selling price of $24,500 through VW Credit right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $391.
According to my calculations if you were to lease a 2006 2.0L GTI with an MSRP of $26,855 and a selling price of $25,800 through VW Credit right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $380.
Last but not least, according to my calculations if you were to lease a 2007 Rabbit 4-Door with an MSRP of $19,695 and a selling price of $19,500 through VW Credit right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $312. Give the lack of lease support on the Rabbit right now, the 2007 model's lease program is actually more attractive than the 2006 model's because its residual values are higher.
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I've started negotiating a lease with a central NY dealer on an '07 4-door GTI with DSG, pkg 1 and rear side airbags using the 36mo/15k a year rates, but adding 5K miles extra at .08/mile. Residual is supposedly 57% and themoney factor is .00326.
I'm 1000 to 1500 upside-down on my trade, but I figure that's not too bad because of savings on sales tax in NY (.08 * 16K or 16.5K = tax savings). I know that complicates things, but it sounds like they're adding some "fees" in somewhere.
Edmunds says the sticker should be 26,025, invoice 24061. Dealer says invoice is 24207 and are selling for $300 over (24507). ~600 down covers 1st payment and DMV title & reg.
They're saying the capital cost is 28329 which makes no sense to me, its like they're calculating sales tax based on the MSRP plus 1500 for my trade's negative equity, which isn't how the sales tax should be calculated when a trade is involved. They claim to have waived the security deposit.
Other numbers sound funny too: They say depreciation is 57% and = 13,739.70 which is more like 53%. My calculator says MSRP of 26025 * .57 = 14,834.25.
I'm going to get a printout from them ASAP but these numbers don't sound right to me. What do you think? And are there fee names I should look out for that are not mandatory?
I would like to know where do you get the money factor and residual value information? If you cannot tell me then please find for me the MF and residual value for:
1) 2007 2.0L 4-door GTI (with Package#2 if that matters), MSRP $26,045, 36 month lease.
2) 2007 2.0L 2-door GTI (with Package#2 if that matters), MSRP $25,619, 36 month lease.
All of the above is assuming 12,000 per year.
Thanks a lot
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From reviewing the posts here, it does not appear that VW is offering any kind of support for the 2007 GTI. Do you have any inkling of when they might introduce some support?
I am currently in a 2004 Passat (that you helped put me in with your timely info) that was barely over invoice and a lease money factor of essentially 0%. Obviously, I'd like to get my hands on another sweet deal like that. My lease doesn't end until November 07, so I can wait for the right time.
... but I will say, this 4 Door GTI sure looks tempting! Gotta control myself and wait for the right time/deal!
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VW is advertising a 39 month lease for the GTI - $299 per month + tax + $2424 driveoff. What are the money factor/residual numbers for this deal?
It seems like VW is offering a much better lease deal for the Passat.
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VW GTi 2 Paddle Shift, United Grey, 18 inch wheels
36 mth lease - no down payment - 10k miles PA
Thanks,
Mav
Can you tell me the cost factor and residual I am likely to get in the Seattle, WA area at this time for the following:VW GTI 4 door with auto, navigation, leather. I am interested in a 36 month lease with no down and 15,000 miles per year. Additionally, since this is my first foray into leasing would you explain how the payment is calculated in relationship to the cost factor. Finally, and I am not quite sure I've worded this correctly, are there any special lease cash incentives being offered by VW at this time.
Thanks,
Kam
Would these same rates apply to a 48 month lease for a 2007 GTI 4 door pack # 2?
I got a quote of .00279 and 51% for a 48 month quote.
Are both of these figures negotiable or are they set by VW ?
Also, do you know anything about Driver's Option financing that is available from VW. Would that be a better option than leasing and are the rates the same ?
Thanks !
1. Is there any way to find out when a dealer took delivery of a car...which would indicate how long it's been sitting on their lot? I have a copy of the vehicle invoice from the dealer I'm working with...it doesn't show any invoice prices (only MSRP), but it does show a production date of July '06 for the car and an invoice date of 8/23/06. Does that mean it's been in their posession since the end of August (i.e. sitting on the lot for almost 7 months)?
2. How hot a seller is the GTI right now? I'm looking at a gray/anthracite w/package 2, the 18" wheels and some other goodies. MSRP is $31,165. They made first offer at $30,287...I'm looking to get it down to about $29,250. When I countered with that number the sales guy went into the "these cars are unique and hot, I'm selling them for $2,000 over MSRP with no problem" dance. I actually laughed his MSRP+$2000 figure.
I love the GTI, this is the car I really want. But I don't want to get taken; the tC and Civic Si are close contenders (IMO) and each are considerably less expensive. If the GTI is 100%, the tC and Si are 95% IMO.
Any thoughts/opinions on the numbers these guys are throwing around? If they're legit (based on what I've read they don't seem to be...) I'll play ball, but if they're just jerking me around I'll walk and go elsewhere.
BTW...this is in St. Louis MO. Thanks in advance for any help y'all can give.
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VW Credit's Driver's Option program is what is known in the industry as a balloon note program. Balloon notes are much less popular than leases. They are usually only used over leases in states that have tax laws that make balloon notes less expensive than leases. I don't think that this car's monthly payment will be any cheaper through the Driver's Option program than it will be through the lease program.
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What are the MF and Residuals on a 4-door GTI with a 24-month or 36-month lease with 15K miles per year?
Thanks!
Looks like their finance and lease specials of April have carried over into May.
Thanks!
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Thanks!
I just got back from the dealer, and here is what I worked out on a lease for a 2007 GTI w/DSG (no package 1 or 2).
MSRP: $24,635
Sale Price: $23,111
Residual: 57%
Acq Fee: $575
Lease Rate: 0.00132
Term: 36 months
Mi/yr: 12,000
Tax Rate: 6.00%
Initial Payment (money down?): $663.60
Monthly Payment: $338.10
Black Magic, 17" Alloy Wheels, DSG, Cloth Interior.
I have a trade in as well, and will probably put some of that money towards a down payment. How does this lease look?
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