Greetings to the I assume appropriately named purchasingsoon. Volkswagen is currently providing a $1,000 cash incentive on leases of most Tiguans through VW Credit. Make sure to take this cash into account when negotiating the selling price of the truck that you are interested in. If you think that you would normally be able to negotiate a selling price of $500 over invoice on this truck, shoot for $500 under after taking the grand incentive into account.
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I went in to a dealer 2 days ago and they tried to really rip me off, but that's another story. I'm now dealing with a different dealership and they told me that the Money Factor for a Wolfsburg FWD 12k 36 months has gone up from .00045 to .00063. Not a huge deal, but raises my monthly price about $8.00 or so.
I have two questions:
1) Have I done my calculations right?
Buying a Tiguan FWD Wolfs, with Sunroof and Mats
MSRP: $30,075.00 Negotiated Price Including VCI 1K rebate: $27,372.00 Putting Acquisition Fee into lease: $575.00 Total Capitalized Cost: $27,947.00
Residual: 51% Money Factor: .00063
Monthly Payment: $377.51 Taxes in PA: $33.98 Total: $411.49
2) Do they publish what next Month's Money Factor will be? Is it possible it might go down?
Thank you for posting that very helpful link to the Amex buying webpage.
I looking to lease either a Wolfsburg AWD w/ Nav + Sunroof. As the dealerships near me appear to have no cars w this configuration w/ the colors my wife prefers, I expanded my search to SELs as well.
Using Amex, I was able to get a quote for a 2010 AWD SEL + Nav + Sunroof + TGP package for $34,653 - apparently $1000 below invoice according to Amex.
Using this figure, the dealer quoted me lease of $563/mo + tax for a 36mo lease w 10k miles/yr.
The lease sheet he handed me lists a money factor of .00084 and a residual amount of 20,145. For some reason, the sale price is listed as 35,653.00.
I feel like I can do better on this, and would appreciate any help crunching the numbers.
What is your down payment? What are your taxes? What are your upfront fees? Money factor and residual are numbers, what you pay the dealer over 36 months is what matters, even the price of the car is not as important a factor as what you pay them. $563 is way too high for this car. Just figure out the total cost of the lease, everything, including taxes and fees, then divide by 36, that's what your monthly is. If some of the total fee is a down payment it may look like your monthly is lower, but it's not. Paying some money up front may lower the finance charge because you are in effect borrowing less but usually if you go minimum down this is not a factor.
Residual, MF, are not helpful numbers they are confusing and changeable, what matters is the total you pay over 36 months. 536 x 36 is $19,296, tax where I live would add about $1,750, so that's $21,046 for a $34,653 car, or conversely, $584 a month total, and at the end you don't own the car, yet you are paying for almost 2/3 of it's total value. Sorry, but that sounds like a terrible deal to me.
I am looking for the Money Factor, Residual Value and Manufacturer Incentives for the 2010 Tiguan SEL – both FWD and AWD. Lease Terms: 36 and 39 months. Thank you very much!
I am looking for the Money Factor, Residual Value and Manufacturer Incentives for the 2010 Tiguan SE Wolfsburg – FWD. Lease Terms: 36 and 39 months. Thank you very much!
Here you go, spektre. Volkswagen Credit's current buy rate lease money factor and residual value for a 30 month lease of a 2010 Tiguan Wolfsburg AWD with 10,000 miles per year are .00084 and 56%, respectively.
The numbers for an otherwise identical 36 month lease are .00084 and 50%.
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of this truck.
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Here you go, comfortzones. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Tiguan SEL AWD with 15,000 miles per year are the lowest possible .00001 and 45%, respectively.
The numbers for an otherwise identical 39 month lease are .00023 and 44%.
I don't believe that Volkswagen is providing support on 39 month leases right now.
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of this truck.
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Hi p1dallas. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Tiguan Wolfsburg FWD with 15,000 miles per year are .00063 and 49%, respectively.
I don't believe that Volkswagen is currently providing support on 39 month leases.
When negotiating your lease, make sure to take advantage of the $1,000 cash incentive that is available on leases of the Tiguan right now.
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I am looking for April's Money Factor, Residual Value and Manufacturer Incentives for the 2010 Tiguan SE Wolfsburg – FWD. Lease Terms: 36, 12,000 miles/yr. Thank you very much!
Thanks to these forums, I no longer negotiate leases "the long way". I scan these posts and decide what seems to be a fair monthly payment for my desired term/mileage (with absolutely nothing down except 1st month's payment). Then I call around, speak with the "Internet" or "Fleet" managers, and tell them I'm ready to buy that very day provided they can give me a fair price with no surprises when I come to pick the car up. I don't even worry about money factors, capitalized costs, invoice prices, residuals, etc, as the people who have gotten good deals have essentially set the bar for me, allowing me to focus on the monthly payment. I don't think this method will necessarily get me the BEST deal ever, but also keeps me from spending endless hours emailing dealers or, worse yet, sitting for hours in poorly padded chairs bathed in fluorescent light. Of course, dealers will try to convince you to "just put a little bit down" so they can get closer to your desired payment, but you just have to stand firm about not putting a penny down.
So with that as background, this is the deal I was offered tonight. We passed in favor of a Subaru Forester (details posted in that forum), but I think these prices are pretty competitive, at least for this month.
Tiguan Wolfsburg FWD, silver, no options whatsoever. 36mo, 15k/yr, all fees/taxes rolled into lease, only first month's payment due at drive-off, no hidden fees or charges. $419/mo
Tiguan Wolfsburg FWD, silver, +Nav, +18" alloy wheels, no moonroof 36mo, 15k/yr, same terms as above. $448/mo
I don't have any info about cap cost, residual, money factor, etc, for the reasons I mentioned above - all I really care about is the payment.
I saw an earlier post from Feb where a guy in NYC got an SEL (w/ Nav, I think) for $445/month. That's obviously a great deal, and I was nowhere near that. Still, I think this is competitive for right now, especially given the dearth of people actually posting their Tiguan deals in this forum.
For anyone in Houston, this was at Archer VW - they were very straightforward and no-hassle. Provided me detailed price info within a few minutes, no bait and switch or BS. They were going to throw in free tint, but in the end, the Forester was simply less money for a mostly equivalent car (2.5X Limited, without nav, for $368/month).
Hi euro_car_guy. Volkswagen Credit's April buy rate lease money factor and residual value for a 30 month lease of a 2010 Tiguan Wolfsburg 4Motion with 15,000 miles per year are .00118 and 54%, respectively.
I don't believe that Volkswagen is currently providing any cash incentives on leases of this model.
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Volkswagen Credit's April buy rate lease money factor and residual value for a 36 month lease of a 2010 Tiguan Wolfsburg FWD with 12,000 miles per year are .00099 and 49%, respectively.
I don't believe that Volkswagen is providing any cash incentives on leases of this truck this month.
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I pulled the trigger on 3/31/10 at 7 p.m. and hedged the bet that March was about as good as it was going to get for the Tiguan Wolfsburg FWD lease. Picked one up with NAV, sunroof, and mats for $29,650- .00063 MF, 51 residual . The dealer also used $2000 in tax credits to get my payment down even more.
It is an awesome ride and the Wife is very excited. IMO it is the best value and quality you can find in the small SUV category.
Well, we had totally decided on the Subaru (2.5 Limited without Nav) on Saturday night, after being offered $448/month for 36mo/15k on a FWD Tig Wolfs w/ Nav.
Of course the VW dealer (Archer in Houston) called me Monday, apparently desperate to unload the car. $419/mo, same terms. I hemmed and hawed, and eventually we settled at $410/mo. Wasn't sure about any of the underlying figures until I actually saw the lease contract, and have now gone back and calculated some of the figures (e.g. money factor, residual percentage, etc).
My payment is $477 a month. I just paid first payment up front and rolled the rest into the lease. I had the dealer roll the last 3 payments ($1650 total) I had left on a BMW lease into the new deal and cut me a check back. I was OK to pay the 1.51 % interest on this money over the next 3 years to make the deal work for us 3 months early and to get this deal. My payment would of been about $447 without the check back for the BMW. I think that your deal above is a great deal. The MSRP on mine was 32,065, $595 acq fee, they rolled the difference in the taxes minus the $2000 credit into my purchase price. My deal sheet shows no taxes, but I am paying about $550 in taxes over the term of the lease. My big reason to pull the trigger was the MF in March was by far the best deal on a small SUV and the residual was set at 51%. My wife was 100% sure that this was the car she wanted next and I felt like the lease deal would not get any better over the next 3 months for this SUV. Hope this info helps.
I will do my best to explain, but there may be others that can elaborate on this subject that understand it in more detail.
A customer is not required by law to pay the taxes on a lease, but almost always a dealership will pass the taxes onto the consumer in a lease payment. A dealership is alloted a certain amount of tax credits per year for their vehicle inventory. This dealer was willing to allow me to use their tax credit towards the lease of the vehicle. I would say that this is not very common in a lease, but if a dealer really wants to move a car they can do it.
Am in CO - looking for a Tiguan AWD Wolfsburg with sunroof and mats/liner MSRP $32,025. Lease will be for 24 months 12k a year $0 down (taxes, fees) rolled into lease. Would be great if I could get your thoughts on these 1st numbers that I received from a dealer: price: 29,900 mf: .00118 residual: 59 monthly payment $569. I was hoping to get a monthly payment of $490. Is this a realistic number; if not, what would be? Does the residual seem too high? About how much would you expect my monthly to go down by dropping mileage to $10k a year. Thanks for your help. Cheers.
Go to 36 months and you will be under $450 a month.... last month I leased an exact MSRP as yours for 452 per month 36 month 15K per year miles. My buy price was 29,000
Can anyone post the money factor and residual I'd be looking at for a 36 month, 12,000 mile/year lease of a 2010 SEL 2WD? All help is greatly appreciated.
Ohh ok, I was wondering why there was essentially no tax in my deal! I had no idea that dealers in TX could provide tax credits. A brief google search didn't turn up any understandable info on this, so not sure at all how it works, but looking at my lease contract I didn't pay a penny of sales tax (N/A is in that blank!).
I think this is really important info for buyers in Texas - just another negotiating tool, I suppose.
Just got our 2010 tiguan 1 month ago just made first payment on 4 year lease for 450 per month. and today i saw a comercal for 2500 down and 269 per month is there any recourse to get the price brought down to mach.....? ty for any info.
This is the deal I have on the table for a 2010 Wolfsburg FWD with the only option being the Tiguan protection kit (rubber mats plus the trunk liner) - 36 mo w/ 12k miles per year:
MSRP - $28,970 Invoice according to Edmunds - $26,847 Selling price after discount and $1,500 lease cash - $25,000 Acq fee - $625 Dlr fee - $579 Tag Fee - $150 Residual - 51% Money factor - .00099 Lease payment - ~$362 + 7% tax = ~ $388
Only thing due at inception is first month's payment of $388.
Seems like a good deal to me. I realize some of you will comment about the dealer fee, but in Florida, $579 is pretty standard. You just have to keep that in mind when negotiating the selling price. Thoughts?
Hi hv2009. 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 Tiguan SEL 2WD with 12,000 miles per year are .00035 and 45%, respectively.
When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it.
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Hi orion6909. I'm sorry that you saw the vehicle that you're driving advertised with a lower payment than you have. Keep in mind though that manufacturers' official advertised payments don't include sales tax, are usually for base vehicles without a lot of equipment, are usually for leases with very low mileage allowances, and usually require larger down payments than most consumers want to make on leases.
These elements combine to make advertised payments look more attractive at first glance than they really are.
Besides, unfortunately once you sign the lease papers and physically drive off in your new vehicle it is yours and you do not have the ability to alter your deal.
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Hi bergen. The easiest way for us to evaluate this deal would be to take a look at this truck's MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate.
Let us know what these numbers are and I'm sure that either myself or another helpful community member will gladly let you know what they think.
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Here you go, Bob. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a Tiguan Wolfsburg AWD with 12,000 miles per year are .00118 and 52%, respectively.
The numbers for an otherwise identical 48 month lease are .00199 and 45%.
When negotiating your deal, make sure to take advantage of the $1,500 cash incentive that Volkswagen is currently providing on leases of this model.
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I am having a hard time reconciling a lease payment being given to me by my local VW dealer.
Interested in a 2009 VW AWD Tiguan SEL w/ Hitch/Pano Roof/Nav/Protection Kit:
Dealer MSRP = $38,300 I get invoice pricing via my employer which they stated was = $36,266 I estimate $800 as my fees (as title/license fees) no security deposit required. My Down Payment = $2500 36 mnth/10K/year = Residual of 47% Money Factor = .00135 Sales Tax = 9.8%
I get payment around $560/mnth but am being quoted $620ish. Am I way off or are they? I have used several different calculators but simply cannot arrive at a payment that's even close! HELP!
Hi thewill. In your post you mentioned this truck's dealer invoice price. Am I correct in assuming that this is the selling price that you are being given? If so, I wouldn't be surprised if you could do better than that. Volkswagen is currently providing a $1,500 cash incentive on leases of he 2010 Tiguan SEL. This means that a selling price of invoice is really equivalent to $1,500 over. If I was in the market for this truck, I personally would shoot for $500 over, which would be $1,000 under invoice after taking the cash incentive into account.
Let's work up a payment on this truck and see whose estimate was closer, yours or the dealer's. According to my calculations, if you were to lease a 2010 Volkswagen Tiguan SEL that has an MSRP of $38,300 and a capitalized cost of 37,066 (invoice + $800 in fees) through VW Credit right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $536. With a $2,500 cap cost reduction, this truck's monthly payment would drop to around $466.
All of these numbers are for a 2010 Tiguan. Volkswagen is not providing lease support on 2009 models any longer, so don't bother leasing one.
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The issue with leasing the Tiguan is that they don't seem to lease very well when compared to other leases within this price range. But, other than more space offered for luggage, there is not true advantage to have this model. I have thought about leasing the model, but it is essentially a car with a bit more space. Also, I can think of many other cars that are leasing much better.
That may be your opinion but I leased one of these and it is an incerdible SUV. The RAV4 and CRV on paper might be in the same class but in reality they are not. Inside and out it is better, European vs. Japanese, there is a real difference.
I am looking into leasing the Tiguan Wolfsburg edition in June. The only thing I might wanna add on is the sun roof. IYO, would I be better of with AWD or FWD. Is it gonna make a big difference in the residual value? Don't care about it when it comes to driving.
On that not: what are June's (or May's if you don't have June yet) MF and Residual on a 36month/10k miles lease and do you know of any incentives for either months?
Any point in doing a 48month lease?
One more question: I saw this on an info site about car leasing:
Your Goals When Leasing A Vehicle: * Pay $0 down, $0 security deposit, $0 bank fees, $0 dealer fees.
Why am I seeing such a big difference in the MF and residual % from thread to thread? Can you please give me the current numbers for Tiguan Wolsburg, 36month/10 000 miles and also for the S model?
Am I correct in saying that the MF is much higher and the Residual is much lower than on a Jetta? So this car is kinda of a bad deal for leasing?
Hi - I just saw your post. Were you able to get this lease from your post? I spent 2 hours at the dealer yesterday looking for almost that same deal and they let me walk and told me they couldn't do it. I'm in Central Florida.
Anybody know what the current (May/June) mf and residual are on the Tiguan Wolfsburg FWD on a 36 month/ 10k lease and if there are any incentives now, or coming up next month?
Any info would be GREATLY appreciated!! Cheers, Hugo
Hey folks, I need help. This is the first time I've leased a car and I still don't fully know how money factor and residual fit into the equation.
Nonetheless, I've sent requests to multiple dealerships and for the Tiguan S, I am getting offered the $2499 down, $259 month, plus taxes/tags for a 12k/36m package. Is this worth it? I have a friend who just leased a Rav-4 with similar MSRP for $248 a month with gap insurance and $0 down and paid $1800 in taxes/tags. Does this mean that the Rav4 is worth more at the end of the lease and I'm just a fool for paying more?
I always heard you should put zero down but it seems like if I do that, my car payments will be about $340. That's fine but I don't want a high payment with a kid on the way. Am I covered for the $2499 with gap insurance?
not sure if you are gonna have any luck getting answers from the hosts on this car. I haven't gotten a response in a while. Here is what my dealer offered without me negotiating: same car but 36 month with 10k miles $999.00 down $263.89/month the residual value on this car (according to my dealer..I was hoping to confirm this here, but didn't hear back) is 53% on the 10k, which means if I am correct that on the 12k lease it's 52%. So times your MSRP by .52 and that's your residual value at the end of the lease.
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Car_man
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I went in to a dealer 2 days ago and they tried to really rip me off, but that's another story. I'm now dealing with a different dealership and they told me that the Money Factor for a Wolfsburg FWD 12k 36 months has gone up from .00045 to .00063. Not a huge deal, but raises my monthly price about $8.00 or so.
I have two questions:
1) Have I done my calculations right?
Buying a Tiguan FWD Wolfs, with Sunroof and Mats
MSRP: $30,075.00
Negotiated Price Including VCI 1K rebate: $27,372.00
Putting Acquisition Fee into lease: $575.00
Total Capitalized Cost: $27,947.00
Residual: 51%
Money Factor: .00063
Monthly Payment: $377.51
Taxes in PA: $33.98
Total: $411.49
2) Do they publish what next Month's Money Factor will be? Is it possible it might go down?
Thanks,
Brian
Thank you for posting that very helpful link to the Amex buying webpage.
I looking to lease either a Wolfsburg AWD w/ Nav + Sunroof. As the dealerships near me appear to have no cars w this configuration w/ the colors my wife prefers, I expanded my search to SELs as well.
Using Amex, I was able to get a quote for a 2010 AWD SEL + Nav + Sunroof + TGP package for $34,653 - apparently $1000 below invoice according to Amex.
Using this figure, the dealer quoted me lease of $563/mo + tax for a 36mo lease w 10k miles/yr.
The lease sheet he handed me lists a money factor of .00084 and a residual amount of 20,145. For some reason, the sale price is listed as 35,653.00.
I feel like I can do better on this, and would appreciate any help crunching the numbers.
Thanks.
Residual, MF, are not helpful numbers they are confusing and changeable, what matters is the total you pay over 36 months. 536 x 36 is $19,296, tax where I live would add about $1,750, so that's $21,046 for a $34,653 car, or conversely, $584 a month total, and at the end you don't own the car, yet you are paying for almost 2/3 of it's total value. Sorry, but that sounds like a terrible deal to me.
Car_man
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Can you give me the March residual and money factor for a 2010 Tiguan Wolfsburg AWD 10,000 miles and 30 / 36 months please?
Thanks!
The numbers for an otherwise identical 36 month lease are .00084 and 50%.
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of this truck.
Car_man
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The numbers for an otherwise identical 39 month lease are .00023 and 44%.
I don't believe that Volkswagen is providing support on 39 month leases right now.
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of this truck.
Car_man
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I don't believe that Volkswagen is currently providing support on 39 month leases.
When negotiating your lease, make sure to take advantage of the $1,000 cash incentive that is available on leases of the Tiguan right now.
Car_man
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Thanks
I am looking for April's Money Factor, Residual Value and Manufacturer Incentives for the 2010 Tiguan SE Wolfsburg – FWD. Lease Terms: 36, 12,000 miles/yr. Thank you very much!
MSRP 32025
Neg Price: 28998
Resiual 50 %
Money Factor: .00084
15K miles per month 36 month
452 month inc 8 % NYS tax
upfront first payment and dmv fees only
Tiguan SE AWD 15K lease 36 months .48 reisdual .00057 money factor
I believe SE
So with that as background, this is the deal I was offered tonight. We passed in favor of a Subaru Forester (details posted in that forum), but I think these prices are pretty competitive, at least for this month.
Tiguan Wolfsburg FWD, silver, no options whatsoever.
36mo, 15k/yr, all fees/taxes rolled into lease, only first month's payment due at drive-off, no hidden fees or charges.
$419/mo
Tiguan Wolfsburg FWD, silver, +Nav, +18" alloy wheels, no moonroof
36mo, 15k/yr, same terms as above.
$448/mo
I don't have any info about cap cost, residual, money factor, etc, for the reasons I mentioned above - all I really care about is the payment.
I saw an earlier post from Feb where a guy in NYC got an SEL (w/ Nav, I think) for $445/month. That's obviously a great deal, and I was nowhere near that. Still, I think this is competitive for right now, especially given the dearth of people actually posting their Tiguan deals in this forum.
For anyone in Houston, this was at Archer VW - they were very straightforward and no-hassle. Provided me detailed price info within a few minutes, no bait and switch or BS. They were going to throw in free tint, but in the end, the Forester was simply less money for a mostly equivalent car (2.5X Limited, without nav, for $368/month).
Hope this helps someone get a better deal!
I don't believe that Volkswagen is currently providing any cash incentives on leases of this model.
Car_man
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Volkswagen Credit's April buy rate lease money factor and residual value for a 36 month lease of a 2010 Tiguan Wolfsburg FWD with 12,000 miles per year are .00099 and 49%, respectively.
I don't believe that Volkswagen is providing any cash incentives on leases of this truck this month.
Car_man
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My condolences to the person who decided on the Subaru instead of the Tiguan. This SUV rocks, Sub is not even in the same league.
I pulled the trigger on 3/31/10 at 7 p.m. and hedged the bet that March was about as good as it was going to get for the Tiguan Wolfsburg FWD lease. Picked one up with NAV, sunroof, and mats for $29,650- .00063 MF, 51 residual . The dealer also used $2000 in tax credits to get my payment down even more.
It is an awesome ride and the Wife is very excited. IMO it is the best value and quality you can find in the small SUV category.
Thanks, saves us all from having to estimate your payment.
Congrats on the new ride!
Of course the VW dealer (Archer in Houston) called me Monday, apparently desperate to unload the car. $419/mo, same terms. I hemmed and hawed, and eventually we settled at $410/mo. Wasn't sure about any of the underlying figures until I actually saw the lease contract, and have now gone back and calculated some of the figures (e.g. money factor, residual percentage, etc).
VW Tig Wolfs FWD, Silver, +Nav, +18" wheels
MSRP: $30,940
Gross Cap Cost: $27,400.00
Acq Fee: $625.00
Doc fees, title, taxes: $372.86
Adjusted Capitalized Cost (Sum of prior three items): $28,397.86
Residual Value: $15,160.60 (calculated residual percentage 49%)
Rent Charge: $1,552.26 (calculated MF = .00098)
Monthly payment: $410.82 x 36, drove off with 1st payment only.
Not really sure what to think about this deal...opinions?
A customer is not required by law to pay the taxes on a lease, but almost always a dealership will pass the taxes onto the consumer in a lease payment. A dealership is alloted a certain amount of tax credits per year for their vehicle inventory. This dealer was willing to allow me to use their tax credit towards the lease of the vehicle. I would say that this is not very common in a lease, but if a dealer really wants to move a car they can do it.
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$32,025. Lease will be for 24 months 12k a year $0 down (taxes, fees) rolled into lease. Would be great if I could get your thoughts on these 1st numbers that I received from a dealer:
price: 29,900
mf: .00118
residual: 59
monthly payment $569.
I was hoping to get a monthly payment of $490. Is this a realistic number; if not, what would be? Does the residual seem too high? About how much would you expect my monthly to go down by dropping mileage to $10k a year. Thanks for your help. Cheers.
I think this is really important info for buyers in Texas - just another negotiating tool, I suppose.
He rolled in all to monthly payments, and adjusted the commercial 10K to 12K.
36 months / 12k / $367 per month w/ $520 due + NJ Plates & Reg
Should I take it ?
Do you have the current money factor/ residual numbers for a Tiguan Wolfsburg AWD 12K mi lease for both 36 & 48 mos?
Thanks!
Bob
MSRP - $28,970
Invoice according to Edmunds - $26,847
Selling price after discount and $1,500 lease cash - $25,000
Acq fee - $625
Dlr fee - $579
Tag Fee - $150
Residual - 51%
Money factor - .00099
Lease payment - ~$362 + 7% tax = ~ $388
Only thing due at inception is first month's payment of $388.
Seems like a good deal to me. I realize some of you will comment about the dealer fee, but in Florida, $579 is pretty standard. You just have to keep that in mind when negotiating the selling price. Thoughts?
When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it.
Car_man
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These elements combine to make advertised payments look more attractive at first glance than they really are.
Besides, unfortunately once you sign the lease papers and physically drive off in your new vehicle it is yours and you do not have the ability to alter your deal.
Car_man
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Let us know what these numbers are and I'm sure that either myself or another helpful community member will gladly let you know what they think.
Car_man
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The numbers for an otherwise identical 48 month lease are .00199 and 45%.
When negotiating your deal, make sure to take advantage of the $1,500 cash incentive that Volkswagen is currently providing on leases of this model.
Car_man
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I am having a hard time reconciling a lease payment being given to me by my local VW dealer.
Interested in a 2009 VW AWD Tiguan SEL w/ Hitch/Pano Roof/Nav/Protection Kit:
Dealer MSRP = $38,300
I get invoice pricing via my employer which they stated was = $36,266
I estimate $800 as my fees (as title/license fees) no security deposit required.
My Down Payment = $2500
36 mnth/10K/year = Residual of 47%
Money Factor = .00135
Sales Tax = 9.8%
I get payment around $560/mnth but am being quoted $620ish. Am I way off or are they? I have used several different calculators but simply cannot arrive at a payment that's even close! HELP!
Let's work up a payment on this truck and see whose estimate was closer, yours or the dealer's. According to my calculations, if you were to lease a 2010 Volkswagen Tiguan SEL that has an MSRP of $38,300 and a capitalized cost of 37,066 (invoice + $800 in fees) through VW Credit right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $536. With a $2,500 cap cost reduction, this truck's monthly payment would drop to around $466.
All of these numbers are for a 2010 Tiguan. Volkswagen is not providing lease support on 2009 models any longer, so don't bother leasing one.
Car_man
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On that not: what are June's (or May's if you don't have June yet) MF and Residual on a 36month/10k miles lease and do you know of any incentives for either months?
Any point in doing a 48month lease?
One more question: I saw this on an info site about car leasing:
Your Goals When Leasing A Vehicle:
* Pay $0 down, $0 security deposit, $0 bank fees, $0 dealer fees.
Is there a way to get out these fee's for real?
Cheers,
Hugo
Can you please give me the current numbers for Tiguan Wolsburg, 36month/10 000 miles
and also for the S model?
Am I correct in saying that the MF is much higher and the Residual is much lower than on a Jetta? So this car is kinda of a bad deal for leasing?
Thanks,
John
Any info would be GREATLY appreciated!!
Cheers,
Hugo
Nonetheless, I've sent requests to multiple dealerships and for the Tiguan S, I am getting offered the $2499 down, $259 month, plus taxes/tags for a 12k/36m package. Is this worth it? I have a friend who just leased a Rav-4 with similar MSRP for $248 a month with gap insurance and $0 down and paid $1800 in taxes/tags. Does this mean that the Rav4 is worth more at the end of the lease and I'm just a fool for paying more?
I always heard you should put zero down but it seems like if I do that, my car payments will be about $340. That's fine but I don't want a high payment with a kid on the way. Am I covered for the $2499 with gap insurance?
same car but 36 month with 10k miles
$999.00 down
$263.89/month
the residual value on this car (according to my dealer..I was hoping to confirm this here, but didn't hear back) is 53% on the 10k, which means if I am correct that on the 12k lease it's 52%. So times your MSRP by .52 and that's your residual value at the end of the lease.