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2013 and earlier Volkswagen Jetta Lease Questions
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The dealer that told you that Volkswagen Credit does not offer 36 or 39 month leases was either lying to you or there was some sort of miscommunication. VW Credit is currently offering special leases for these terms. In fact, if I was in the market for a Jetta or a Passat right now, I would go with a 36 or 39 month lease.
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I just worked up a lease payment on the car that you are interested in using the prices that you mentioned in your post and I came up with a zero down, pre-tax monthly payment of $299. If you were able to negotiate another $500 off of this car's price, it would drop the payment for an otherwise identical lease to around $284.
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Having said this, most manufacturers' advertised lease payments leave a little meat on the bone so to speak. While a decent discount was probably assumed to arrive at this payment, savvy consumers who are in an area that has a decent level of competition may be able to negotiate a lower selling price than this if they shop around.
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Thank you for posting that lease incentive that VW is running right now. That is indeed a good deal. I currently lease a 2004 and the lease is due on June 7th. I am thinking of getting another VW lease and I am eyeing on an '07 Jetta 2.5L (this will be my third), however, I think this lease offer is only good until April 30 which is this Monday. Is there a chance that they would extend this? Do they also have a loyalty program in addition to the lease program?
Also, what is the residual value for this model car? BTW, I priced the car at Carsdirect.com and it costs $20,962 with Sport package.
Just got back from a VW dealership. Looking at Jetta 2.5L w/ Package 1 and auto trans
Sticker - $21,585
Negotiated Price - $18.5k (roughly, can't exactly remember)
Residual - 53%
Money Factor - Tier A (didnt run credit yet but assuming tier a money factor 0f .00067)
Sales Tax - 6%
Monthly payment = $275 (tax included)
***** $0 out of pocket ******
Does this make sense with the rough figures and is it a good deal?
Have not heard from you in a while. I am going to make my decision tomorrow to get a new lease on the Jetta 2.5L. Carsdirect.com quoted me $0 down, $343 (8.25% tax included)/mo automatic with package #1, heated front seats, and power sunroof (it is the only one they have in blue graphite). Total cost is $22,127. I don't think this is the best deal.
bgro, I think you have a good deal considering that it's $0 out of pocket. Is that with 10k or 12k mi/yr.? I calculate your deal to be $259-$260 excluding tax. Does that come with power sunroof and front heated seats? Two dealers has sent me the following quote:
Dealer #1
2007 VW JETTA 2.5L
PACKAGE 1
POWER SUNROOF OPTION
BLUE GRAPHITE WITH GRAY LEATHERETTE INTERIOR
36 month lease
10,000 miles a year
$503.38 drive off
$270.00 ($292 w/ tax)
Dealer #2 (offered to pay my last month's lease of $288 for current car)
2007 VW JETTA 2.5L
PACKAGE 1
No mention of POWER SUNROOF
BLUE GRAPHITE WITH GRAY LEATHERETTE INTERIOR
36 month lease
10,000 miles a year
$500.00 drive off
$269.00 ($291 w/ tax)
-------------------------------
How you were able to negotiate the price down by $3000 is amazing because the Carsdirect price for automatic with package 1 and front heated seats without sunroof costs $21,244. Did you also negotiate the residual because I thought it's 60% but I could be wrong. Does VW still have the .00067 MF incentive?
I never got a response from Car_man so I got the car.
'07 Jetta 2.5L Automatic w/ Package #1.
Sticker: $21,695
Selling Price: $20,300
Residual: 56%
Money Factor: .00069
Money down: $500
Lease term: 36 months
Monthly payment pre-tax: $266
Sales Tax: 8.25%
Total Monthly payment: $288
Dealer pays $288 for old car's last month lease
Dealer waives $350 turn-in fee for old car.
Dealer shoulders all obligation on old car including 30,000mi service maintenance and inspection.
$288 is exactly the amount i'm paying now with my old lease although last time they had a $1000 loyalty program which I used to put as money down plus an extra $1175. They also paid last month for old lease and waived the turn in fee. The new car, however, does not include a power sunroof, heated seats, leather interior and leather-wrapped multi-function steering wheel with audio controls.
What I failed to consider is that I opted to get the one without the power sunroof. Originally, the dealer quoted me $269/mo with the sunroof and $266 per month for the exact same car without a sunroof. A $3 difference which is only $108 for 36 months. If the sunroof costs $1000 MSRP, at 56% residual value, the depreciation should be $440. If the negotiated price is $883, then the depreciation should be $388.52 or $10.79/month. So my monthly should have been roughly $258/mo + tax without the sunroof. Is this correct? I feel like a dodo! Please help!
Can you tell me what the money factor, residual percentage, and any applicable incentives there are for a 2007 Jetta 2.0T, Option Package 1, 36 mos, 15K miles?
Thank you!
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I'm interested in a 2-year or 3-year lease with 15K miles per year.
Thanks!
Your first calculation was correct.
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Here is my deal.
2007 Jetta Wolfsburg Manual
Black/Black
MSRP: 20,100
Have no idea any residual, money factor, or negotiated price because they played with the numbers on the lease agreement. I walked out w/
*** $0 out of pocket ***
36 months (35 remaining as 1st was included)
15k miles
Payment = $255.96 (tax included 6.5% in Florida)
I thought this was a fairly good deal for the car even though I don't know the rate of negotiated price. Great experience at Gunther Volkswagon in Coconut Creek, FL!!
I argued about the $269+tax that I was originally quoted with the sunroof and they said they have not included the fees in the quote that's why the difference seems like it was only $3 less for the one without the sunroof when it actuality I should be paying $286+tax with the sunroof. I don't believe their crap.
Wolfsburg vs. 2.5L w/ package 1
manual vs. automatic
$0 down vs. $500 down (dealer pays 1st month and $350 turn in fee)
15k vs. 10k
$255.96/mo vs. $288.17/mo
A difference of over $1000??? Woh! I got screwed! And r u sure your dealer actually made any money?
I must say that I am glad I stopped by because there was a gracious amount of serious information I lacked on leasing.
Here is my situation. I am a 20 year old college student and I desperately need a car for transport to work + school. While I can treat myself to something a little nicer than average, I'm in no situation to go overboard. That being said, I have decide that I most surely want a VW Jetta and, more specifically, a 2006 or 2007 Jetta 2.0t (automatic) w/ Package #1.
(i guess i should point out that i am also seriously considering the cheaper Jetta 2.5 if i can get it with a moon-roof)
I do know that the MSRP of the model in question is US$25,085. I am not sure what it is locally were I am or what they typically sell for but how much do you think the selling price may come down to from that number? I do not want a monthly payment over US$300 and would love anything lower, but I am not entirely sure if that is possible with a 2.0t w/ Package #1. Perhaps the 2.5 w/ optional moon-roof is more suitable.
I would also like to let everyone know that soon I will be going to a few VW dealers to look at Jettas and to start building a rapport with the salespersons. In building that rapport are there specific questions I should ask or any information I should let the salesperson know about my situation and how much I am willing to spend?
Im not entirely sure what all the terms and numbers like "MF", and "OTD price" mean.
And as I am a young college student with relatively fresh credit, will that have adverse affects on the final selling price and/or monthly payment of the car?
I am also not sure if I should learn more towards a 2006 or 2007 model. Would it make much of a difference?
I live in the Washington D.C. Metro area. ZIP-20770
Thanks for your knowledge and insight!
Cheers!
Viberantmind
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Vehicles' residual values vary by term and mileage allowance. You never mentioned how long you want to lease your Jetta 2.5L for or what mileage you need, so 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. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of this car with 15,000 miles per year are .00069 and 53%, respectively. When negotiating your lease, make sure to take advantage of the $750 lease cash that Volkswagen is providing on the Jetta 2.5L right now. It will help you to negotiate an attractive capitalized cost.
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If you are not familiar with what terms like "money factor" mean, you definitely should check out the following articles before entering into negotiations for a lease: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
VW is no longer providing lease support on 2006 models, so if you want to lease you definitely should go with an '07 Jetta.
Car_man
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Automatic Tier 1 approval with clean, if minimal, credit, and proof of income.
If the above does not apply; you will, no doubt, need a CoX...When your status meets the above you can reapply to VW Credit to go it alone...
thanks!
nyinla
Tim
Where is it posted the $750 credit from Vw financing. I am calling my vw dealer tomorrow when i find it in writing. They said it did not exsist. Any help would be great and I'll try to get them to apply it as an additional security deposit and lower my monthly or refund it to me.
Tim
I need the numbers (money factor, residual, etc) for a 2007 Jetta GLI for a 24 and 36 month lease with 12K and 15K miles respectively. I'm not sure of the package at this point but hopefully it should not matter. Thanks.
But keep in mind the data can and prob will change (hopefully for the better) next week. I'm also looking into a GLI lease right now.
07 Jetta GLI 6spd Pkg1 w/ 18"s
.00068 MF
51% Resid
3yr/45k mi lease
I'm taking delivery on the 1st so I can use these numbers or next months...any clue on next months???
If you don't mind, let me know what they quote you for next months MF/Residual. I doubt the dealer will know anything until the 1st or the 4th. From what I can tell, the $750 incentive will be good through the end of June. Now we just need to hope they spice up the residual like they did for the May GTI lease support
I'm looking at the 7th or 8th of June for my purchase.
Thx,
IU
Thanks in advance.
I wish you replied sooner. I already got the car. I feel like an idiot taking the car from the first dealer I visited that day! It was May 6 and I had until June 7 before I turn in my old Jetta (which still has 7k miles). They said they will take care of my last month's payment from my old lease and also the turn in fee of $350 (is this turn-in waived anyway by VW credit since I'm getting another VW?). So I caved in. I shouldn't have rushed because I'm now paying the amount of a car with a sunroof (although the one I got doesn't have one).
I wanted to lease for 36 mos with 10k mi/yr (2.5L w/ pkg 1). VW Hayward gave me .00069 MF and 56% RV. Selling price of the car is $20,300. With license fee, doc fee, and acq. fee...the cap cost is $20,913. My tax rate is 8.25%. I put $500 down which pays for 1st month's payment. The dealer says they were losing $446 on this sale which I think is BS. My total monthly including tax and fees is $288 and change.
As soon as I got home and my thinking settled in, I realized that my old lease is also $288/mo but I had a sunroof, leather seats, leather-wrapped steering wheel, and heated front seats. I also had 12k mi/yr. Granted that I put down $1200 and that the dealer added $1000 on my downpayment for the loyalty program, I still think that I had a great deal last time.
So Car-man tell me, how much did it cost me for rushing in to get a new VW lease? BTW, how was the .00069 MF calculated in the price of the lease? Is that 1.66% x depreciation? Because it's not adding up.
Another thing i'm upset about is that I believe the $750 rebate started on May 1st. The dealer didn't tell me anything about this rebate. Is this something I can bring up with VW credit and renegotiate after the fact?
Here's the link:
http://www.edmunds.com/new/2007/volkswagen/jetta/100778034/incentives.html?vdp=off&setzip=94065&state=CA
Earlier, you mentioned a special 24 month lease deal for VW's Southern Region, which I'm curious about. I'm in Florida, which I assume is in the Southern Region. I'm trying to find the best lease deal (ie. smallest payment) on either a Wolfsburg or 2.5.
Thanks in advance.
She is trading in her 2006 Civic LX with 37K (yeah she drives a lot!). The payoff on that car is just under 15 grand and the dealer said they will give her $14,000 and then somehow eat the difference (in their words). The car she wants is a 2007 Jetta Wolfsburg (Automatic, with spoiler, etc). They are willing to sell the car to us for 20,654, but somehow the payments work out to $318/month for 48 months 15K/year and $0 out of pocket. They are showing a $59/month lease charge on top of the base payment of $244. The manager showed me their computer screen, but is either an imbecil or is doing a good job of faking because he couldn't explain any fees and just kept saying he just says what the computer says. I feel like he is simply rolling in the negative equity which we don't want, but they kept saying they are getting her out of the civic. Her main concern is to get out of that car since she is way over the miles, but I feel like $318 is way too much. Any suggestions are appreciated since I am dragging her away from the phone as we speak!
The lease charge is the finance portion of the lease payment..
Why get into a lease when she drives that many miles? Keep the Civic.
regards,
kyfdx
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If that is the case, then the $1000 difference being rolled into the new lease is really not such a big deal. It is important that she sees what the the Jetta works out to be without here Civic in the deal, and then add in the trade...
$306 out of pocket (first month's payment)
$306/month
48 months / 15K per year
Not great, but ok because of the civic? or not?
By the way, we negotiated the civic before negotiating the Jetta deal, so it was somewhat separate, but not best case scenario, I take it.
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Thanks!