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2013 and earlier Volkswagen Touareg Lease Questions

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Comments

  • sjl225sjl225 Posts: 18
    Thanks for the info Car_man!
  • nn1989nn1989 Posts: 1
    Hey Car man,

    I've been offered a 2013 Touareg V6 Lux for 36 months, 10k/year, $3600 down (after taxes, fees and such), and $515/ month. I'm not sure if I should take that or shop for better, what are your thoughts?

    Thank You!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome sjl225.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi nn1989. Do you know what this truck's MSRP is? Its MSRP and selling price would be even better. These figures will help me to evaluate this deal. Thanks.

    Car_man
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  • jared535jared535 Posts: 1
    Carman. Do you have updated lease residuals and MF for April for the TDI Touareg? Is there any dealer money available?
    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go jared535. Volkswagen Credit's April buy rate lease money factor and residual value for a 36-month lease of a 2013 Touareg TDI with 15,000 miles per year are .00148 and 47% for consumers who qualify for its top credit tier.

    I don't think that VW is providing any dealer cash on the Touareg TDI right now.

    Car_man
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  • robbiegrobbieg Posts: 323
    Car Man

    You mentioned above that the Touareg is not a car to lease. What cars would you suggest looking at if you wanted to lease either a loaded mainstream SUV (ex. Pilot Touring or Highlander Limited) or a luxury SUV?
  • Car Man

    Thanks for this great service!

    I have a 2011 Touareg VR6 Sport, and I'm looking to get into a 2013.

    Looking at a 2013 Touareg VR6 Sport w/Navigation
    MSRP $ 46,365.00
    Dealer Invoice $ 44,137.00
    VW Dealer Cash ($ 3,750.00)
    Misc. NJ Tax $ 200.00

    Net Selling Price $ 38,995.00

    The offer I was given is $ 579.00 36 months @ 15k/year with slightly less than $1,000.00 out of pocket for 1st months payment, docs and dmv charges.

    Is it a decent deal or am I paying just a little much. I am with VW Financial now and have top tier credit.

    Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi robbieg. To me, and this is definitely somewhat subjective, the best mainstream SUVs to lease are the Subaru Forester, Honda Pilot, Toyota Highlander and Nissan Pathfinder. The Forester probably represents the best value of the group and the Pathfinder has the best size / price ratio. Nissan has done an amazing job with its redesign of the Finder for the '13 model year. Its gas mileage is particularly impressive.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome 2011vr6nj. In May, Volkswagen is providing a $2,500 cash incentive on leases of this truck through VW Credit. It is waiving the first month's payment on leases of it this month as well.

    It looks like the dealer used the retail dealer cash, i.e. the money that is only available on purchases of it...not leases, to calculate the selling price that you mentioned. That price might not be available on leases. Make sure to find out exactly what capitalized cost they are using to work up your deal.

    A selling price of close to dealer invoice minus the cash incentives that I mentioned would be a very attractive price for a Touareg. Make sure that the dealer uses its current buy rate lease money factor of .00023 to calculate your monthly payment.

    Having said all of this, this truck's current residual value of 42% for a 39-month, 15,000 mile per year lease is terrible. This is not a great vehicle to lease right now.

    Car_man
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  • tuburonhtuburonh Posts: 9
    Hello Car Man-

    Glad to see you are still in action: your help has been invaluable for my last two leases, and I'm now back in the market.

    I know you hate leasing for the Touareg, but nonetheless, could you please let me know what VW Credits May rates are (MF and residual) on both the 36 month and 39 month leases for a Touareg TDI at 15000 miles per year?

    Many thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Thanks tuburonh. I'm still here :). Welcome back.

    Volkswagen Credit's May buy rate lease money factor and residual value for a 39-month lease of a 2013 Touareg TDI with 15,000 miles per year are .00141 and 45% for consumers who qualify for its top credit tier.

    I didn't mention the 36-month numbers because that term is not eligible for the Sign Then Drive first payment waiver, just the 39 and I think 48-month terms are.

    Car_man
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  • jlh4480jlh4480 Posts: 2
    Hello all,

    My local dealer has a 2012 new Touareg still on the lot. It is a TDI with the Lux package. It is listed for 47, 850 and the MSRP was 54, 850. I am interested in leasing this car and wanted to know what the MF and Residual would be like on a 2012.

    I would be interested in either a 2 year with 12k/year, or even a 3 year with 12k/year.

    Thanks for any insight you can provide.
  • newbuyer77newbuyer77 Posts: 1
    Hi.
    I'm shopping for a good lease on a 2013 Touareg V6 Lux. I qualify for the supplier purchase program through my company which is $500 below invoice. My question is: is there "dealer cash" available and can it be applied even if I'm already getting the preferred price? If I ask the dealer this and they say "no", how do I know they're telling the truth?

    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi newbuyer77. Volkswagen is currently providing a $2,500 cash incentive on leases of this truck that I believe you would be entitled to if you were to go through the supplier purchase program. The retail dealer cash that VW is providing on the '13 Touareg is not compatible with its special lease program.

    Car_man
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  • bman18bman18 Posts: 2
    Any help here is appreciated

    I am looking at lease/purchase on 2013 Toureg TDI Exec msrp $60,945 and sales price of 53385 - trading in vehicle with $5000 equity

    I am being quoted $799 for 39 months lease with residual of 27225 with no other cash out of pocket including TT and fees

    Seems high? Any advice?

    Thanks in advance
  • gagricegagrice San DiegoPosts: 28,678
    Carman, I have read your position on Touareg leases. I am looking at both the Toureg TDI Lux and the ML350 Bluetec. My initial plan was to pay cash. My CPA says we could write off the lease to our business ventures. So we are considering a lease. Which would be the better lease prospect, the MB or VW? The ML350Blutec will probably be in the $55k range and the Touareg in the $50k range. We like both vehicles a lot. Thank you,
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gagrice. While there's a lot of variables here, such as the discount that you are able to negotiate. All things being equal, mainly the dealer discount, the ML Bluetec would actually be cheaper to lease than a diesel Touareg, even with the higher MSRP because the Mercedes' residual values are so much stronger. The resid for a three year lease of an ML would be 10% to 15% higher than the residual value for an equivalent lease of a Touareg TDI. That's a huge difference.

    Car_man
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  • gagricegagrice San DiegoPosts: 28,678
    Thank you. I needed an unbiased opinion. The VW salesman was pushing VW leases. He claimed VW had the best leasing program and that was the reason so many people leased from VW. I guess if we lease I better look the offers over very closely.
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,851
    VW has some pretty good leases.. just not on Touaregs... :(

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This discussion has been closed.