Have been reading up on some offers over the past couple of months. Here is the offer I just received after having several dealerships bid for my business. Would love to hear everyones thoughts on the deal! 2010 CC Sport 2.0 Manual w/ 15K miles per year.
Hi all, I am new to buy/leasing car and i was reading all the post previously. can someone help to explain to me what is residual, sales price and money factor? what equation would you use to calculate if a lease or purchase is a better deal??
Please point me to the right direction will be appreciated!
Can someone tell me if this is good for a 2011 cc automatic-basically base LEASE on Long Island-I have excellent credit and want a good deal- MSRP-30,500 12k/yr-36mos. L.E.V.%: 56% Lease end value: $17,080 MONEY FACTOR: .00155 total sales tax: $1,282.44 Initial Cap Cost: $27,517.62 Adds to cap cost: 625. ADJ CAP COST: 29,425.06 First Payment: $512.50 Then $415 thereafter
1st Month's Payment............ 415.00 ??????????????.................. 97.50 What is this? TOTAL DUE........................ 512.50
Although you didn't say, I determined that your sales tax rate is 8.625%. Can't vouch for the 27,517.62 sell price. Check Edmund's invoice pricing as well as incentives, if any. Also, go to overstock at zag.com and check competitive low prices in your area. Be sure that the 0.00155 money factor is the buy rate which is the lowest money factor offered by the fund provider for those with excellent credit.
Hi CarMan. I leased a candy white/black interior 2010 CC sport with R-line, DSG, ipod interface, chrome exhaust tip. $1904.85 out of pocket, including ($690 lease damage waiver) $379.85/month including 8.75%. 36months / 15k miles per month. My credit score was over 760.
How do you think I did on this deal CarMan? Did I do good? Thank you for all your hard work and I learned a lot from you. I regularly read your comments for past few years. With all the information and advise given from you, I'm very happy with my purchase.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Congratulations on getting your sweet new ride ttbbsolid. I'm glad that you found the forums so helpful. It's difficult for me to give you a detailed evaluation of this deal without knowing what this car's MSRP and selling price are, but it looks like you did a good job. Enjoy your new car :shades: !
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hello birdlivs. Here's the information that you're looking for. Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2010 CC R-Line with 12,000 miles per year are .00036 and 47%, respectively for consumers who qualify for its top credit tier.
When negotiating your lease on this car, make sure to take advantage of the $2,000 cash incentive that is currently available on leases of it.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Here you go sham819. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Lux FWD with 15,000 miles per year are .00040 and 43%, respectively for consumers who qualify for its top credit tier. I don't believe that the addition of the Plus package has any impact upon this car's lease program.
When negotiating your deal, make sure to take advantage of the $2,000 cash incentive that is currently available on leases of this car.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Looking for leasing a 2011 CC now. Do you have the money factor and residual value for 2011 VW CC Sport with auto trans. 36 month/12000 miles per year? The MSRP is $29,660. My credit is above 760.
Also from one post you mentioned that north east could get as much as $2500 incentives, but other posts said $2000 only. How much can we get for Sept in north east area(Connecticut).
Hey Dr. I accidentally provided sham819 with the information for the 2010 model, not the 2011.
Volkswagen is providing a $2,000 cash incentive on leases of the 2010 CC and a $1,000 cash incentive on leases of the 2011 CC through VW Credit right now.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Greetings Calvin. Here's the information that you're looking for.
Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Sport with 15,000 miles per year are .00088 and 54%, respectively for consumers who qualify for its top credit tier.
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of the '11 CC through VW Credit.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi blue_bay. Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Sport with 12,000 miles per year are .00088 and 56%, respectively for consumers who qualify for its top credit tier...which you easily do.
Volkswagen is providing a national $1,000 cash incentive on lease of the 2011 CC right now.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I certainly do, cappla. Volkswagen Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2010 CC 2.0T Sport with 15,000 miles per year are .00036 and 46%, respectively.
The numbers for an otherwise identical lease of a 2011 model are .00088 and 54%.
When negotiating your deal, make sure to take advantage of the $2,000 cash incentive that is available on leases of the '10 model and $1,000 that is available on leases of the '11 model through VW Credit.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Volkswagen Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2011 CC VR6 4Motion with 12,000 miles per year are .00134 and 50%, respectively.
The numbers for an otherwise identical lease of a 2010 model are .00108 and 41%.
When negotiating your deal, make sure to take advantage of the $3,250 cash incentive that is currently available on leases of the 2010 and $1,000 that is available on leases of the 2011 version of this car through VW Credit.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
hi everyone, with the current lease deals of $299/month with $2999 down, I assume that is based on MSPR? If you set a target price of invoice, should you be able to get that lease for $0 down, same other terms?
Hey, I am not sure about $0 down; but you absolutely should be able to do better than the advertised deal. I calculated 36mo/12K lease based on the October residual/mf figures, lowering the car's purchase price to 27K (according to truecar.com's local price) and accounting for $2000 down. The monthly rate came down to $286, with taxes included. Good Luck!
Volkswagen Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Sport with 12,000 miles per year are .00088 and 56%, respectively.
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hey Car_man, I am little confused about the math. For 2010CC 2.0T Sport, it is said in vw's websit: "Requires dealer contribution of $2,800.00," does that mean $29,660.00-$2800=$26860 is the price of the CC?
Where should I use the $2000 cash incentive, Do I use $26860-$2000=$24860, or I use it after I get the monthly payment, then do $2000/36=$55.6, subtract this number from the monthly payment?
I can't get the number amheck1 calculated which is $286/mon...
Hi boilercc. If the advertised payment on Volkswagen's site says that the deal requires a $2,800 dealer contribution then that does mean that the selling price of this car is probably around $26,860.
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You should shop around for the lowest possible selling price on the CC that you want. If I was in the market for a 2010 CC right now, I personally would shoot for $500 over dealer invoice minus any available cash incentives. You can look up this car's exact invoice price over in the New Vehicle Pricing section of Edmunds.com.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Thank you very much for your advice! Now I am more confident! I found 2 prices on 2010 CC 2.0T sport in edmund.com... one is 27760, the other one is 28860(http://www.edmunds.com/volkswagen/cc/2010/index.html), I assume they are for manual and auto trans?
Car_man, thank you very much! Could you also post the November figures and incentives for 2011 CC Sport 36/12K lease, once they become available? Thank you!
I am negotiating a deal and wanted to ask you...based on what my sales guy says, the residual value declines by appr. 1% every month. He is offering me an early lease termination on my Passat that is due back in February, stating the above fact and that the money I would send to VW for the remaining 3 payments would not help, if applied as a down payment 3 month later, instead. So, based on his calculations, leasing the car later in the model year would decrease the residual (by 3% in 3 months, down to 52%), thereby increasing the monthly lease amount. I did try calculating with the same MF and 3% lower residual, adding $728 (remaining lease amount) as a down payment, and it proved correct. Is it true?
Here's the deal I was offered for 2011 CC Sport with DSG, 36mo/12,000mi: $320/month, incl. 7% NJ tax Details: MSRP $30,120 Neg. price: $27,250 Add. Fees (bank, DMV, docs, tire tax, etc.): $1025 (625+164+60+7+169) Down payment: $1300 residual: 55% MF: 0.00018
Any prompt advice is appreciated, as I am planning on making a decision this weekend. Thank you!
I was looking at a 2011 VW CC Lux. The lease payment they offered is a lot more than I think it should be. I am calling the dealership tomorrow to confrim the money factor and the residual.
How much difference is the money factor for someone with A credit versus someone with B credit?
Also, does the interest rate change with B rated credit? How would I know if I am getting a fair deal? Are the rate advertise anywhere?
Any help would be great appreciated. I was trying to make a decision this Monday.
I wanted to let everyone know about the deal I just got on a 2011 VW CC Sport. I think I did pretty well. I hope this helps anyone in the market for a 2011 VW CC.
2011 Iron Gray CC Sport MSRP = $29,300.00 Rubber mats, trunk liner, and chrome exhaust tips = $355 CC Splash Guards = $220 Total MSRP Sticker = $30,695.00
The agreed upon value of the vehicle = $25800.59 Adjusted capitalized cost = 26938.94 (includes $625 "aquisition fee", plus electronic filing and document fees) Residual value = 16575.30 Rent charge = $1378.48 Total of Base Monthly Payments = 11742.12
Term 36 months 15,000 miles / year $500 down $349 / month with tax included ($326.17 before tax)
I think I got a good deal as my dealer started at $365/month for a 12k / yr lease, and when I took that deal to another dealer they said it was a "loser deal" and they would not match it with me offering to lease that day. The deal I got is also better than the currently advertised deal of $359/mo sign and drive since taxes are not included and that is only a 10k / yr lease.
FYI it was the end of the month (purchased on 10/28) and I think they were desperate for sales. I think it is wise to shop for cars at the end of the month, and one of my car salesman friends agrees. Also, I hear there is already a 2012 VW CC right around the corner so that could partially explain the agressive deals on CCs right now.
I must also mention that I was returning a leased 2007 Jetta. I'm not sure what the VW loyalty incentive is but that may have helped me negotiate a better deal. The crazy thing is I paid $339/month to lease my Jetta on a 12k / yr lease, and now I am leasing a CC for only ten bucks more a month and it is a 15k / yr lease!
FYI, I could negotiate my earlier posted deal to a lower monthly price. Here are the details, I hope those help someone:
2011 CC Sport with DSG, black/cornsilk, 36mo/12,000mi MSRP $30,120: Neg. price: $27,250 residual: 55% MF: 0.00018 Included fees (bank, DMV, doc, tire tax, title): $1025 (625+164+60+7+169) residual: 55% MF: 0.00018 Total out of pocket: $1300 $300/month (incl. 7% NJ tax)
My salesrep also mentioned a loyalty incentive of $1250 that he "factored in", due to my early termination of my lease on 2008 Passat (orig. maturity in Feb'11) I also tried getting the Tire Hazard package rolled in (their offer was additional $489), but did not succeed. Any comments are appreciated.
hi:tampacc, you really got very nice deal.i contacted a few dealer in md.they said they can not even match the deal which you got it.they let me pay tax , tag ,title and 99 processing fee .after that they can give me monthly payment is $349. i dont know looks like we cant roll the fees into the lease in md .thank you very much.
I'm curious. I work for a VW dealer and am wondering about a few things from your lease. One, the money factor this month for a CC sport is .00003, not .00018. Did you take delivery of this CC in October or November? Also, I've run the lease according to your specs exactly, and come up with 321 a month. Lastly, the 1,250 "loyalty incentive" is simply dealer cash available to everyone.
Hi, I did not have November MF available, and 0.00018 is what my sales rep told me it was, I guess he "was mistaken". I did not yet take a delivery of this vehicle and will do it this month, upon an inspection of my lease return. However, I had another dealer offer $289/mo at otherwise identical terms(i.e.$1300 total out of pocket). Although I already left a deposit with the first dealer, I might just take it back and walk, I don't like when I am being lied to.
I finally completed my deal, will be picking up the black CC Sport with DSG on Monday. The final data: MSRP: $30,120; 36mo/12K miles/year lease; $281/mo(incl. 7% tax).
The reason I further lower the monthly price down was that I actually TRADED IN my currently leased Passat (with 3 months of lease remaining), and instead of paying remaining $700 to VW, I instead applied this amount towards the new lease, raising the total out of pocket to $2000. I guess it would be appropriate to lower the negotiated price to $26,950 ($2000 below invoice!), then all of the calculations would match on your end. It must still be profitable to the dealer (I am not too worried about that though ), considering the $1250 incentive. I do consider it a pretty damn good deal, do you agree?
I'm also in the process of negotiating a lease on the 2011 CC, and I hope you guys can help me out with a couple of questions.
First, I was told I have 2nd Tier credit and, accordingly, my "Money Factor" is .00018. The MF is based on your credit rating, and is non-negotiable, correct?
Second, the Neg Prices above are $600+ less than what I was qouted. How much wiggle room is there with negotiated prices?
Lastly, what is the $1,250 "dealer cash" someone mentioned previously? Is it simply a cash incentive? And is it available to everyone automatically? Are you entitled to the full amount as a lessee?
Volkswagen Credit's November buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Sport with 12,000 miles per year are .00003 and 55%, respectively.
When negotiating your lease on this car, make sure to take the $500 cash incentive that is currently available on leases of it into account. There is some additional lease cash on this car in certain regions on top of that.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi disla. I wouldn't say that vehicles' residual values drop by a linear 1% per month. Some months they drop and some months they don't. Even if a vehicle's residual values fall, the manufacturer often lowers their money factors to help keep its vehicles payments relatively stable.
I would say that it rarely pays to waste remaining payments on a current lease to lease something new.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Sure, it's certainly not expected to drop 1% every month and 12% till the next model year. I, however, believe that I made the right decision to terminate the lease on my Passat 3 month earlier, since the car was practically traded in and I avoid paying remaining payments to VW Credit. I also like the fact that my new lease will be ending in November 3 years from now, the end of the year seems to be the better time for a new lease inception. Do you agree that my deal is pretty sweet? Thanks!
Comments
MSRP - 29,099
Residual - .47 for 15K miles/year
Sales Price - 24,849
money factor - .00041
=
$326 monthly payments
Acq fee - 625.00 + title/reg - around 400.00 + sales tax upfront - 763.00 = $1773 upfront
Let me know what you think...
Please point me to the right direction will be appreciated!
Thank you!!
So you're in SoCal. I've been shopping around in the bay area but I still haven't found the deal i'm looking for. Thanks for your reply.
I was placed in VW Credit's B Tier. Dealer gave me a final quote, with 4k down at 36/15, at 380/mo.
Started at 5k down at 385/mo for 36/15.
Thoughts?
MSRP-30,500
12k/yr-36mos.
L.E.V.%: 56%
Lease end value: $17,080
MONEY FACTOR: .00155
total sales tax: $1,282.44
Initial Cap Cost: $27,517.62
Adds to cap cost: 625.
ADJ CAP COST: 29,425.06
First Payment: $512.50 Then $415 thereafter
According to my forensic analysis, your deal is as follows...
MSRP....................................... 30,500.00
Sell Price.................................. 27,517.62
Amounts Financed
Acquisition Fee........................ 625.00
NY Sales Tax @8.625%........... 1,282.40
Gross Cap............................... 29,425.02
Cap Reduction......................... 0.00
Adjusted Cap.......................... 29,425.02
Residual Factor...................... 56%
Residual Value....................... 17,080.00
Money Factor........................ 0.00155
Term..................................... 36
Taxable Monthly Payment...... 377.39
Monthly Lease Payment........ 415.00
Lease Inception Charges
1st Month's Payment............ 415.00
??????????????.................. 97.50 What is this?
TOTAL DUE........................ 512.50
Although you didn't say, I determined that your sales tax rate is 8.625%. Can't vouch for the 27,517.62 sell price. Check Edmund's invoice pricing as well as incentives, if any. Also, go to overstock at zag.com and check competitive low prices in your area. Be sure that the 0.00155 money factor is the buy rate which is the lowest money factor offered by the fund provider for those with excellent credit.
John
I leased a candy white/black interior 2010 CC sport with R-line, DSG, ipod interface, chrome exhaust tip.
$1904.85 out of pocket, including ($690 lease damage waiver)
$379.85/month including 8.75%.
36months / 15k miles per month.
My credit score was over 760.
How do you think I did on this deal CarMan?
Did I do good?
Thank you for all your hard work and I learned a lot from you.
I regularly read your comments for past few years.
With all the information and advise given from you, I'm very happy with my purchase.
Please update us on the 2010 CC r-line lease rates and residuals for 36/12k. Also any update on rebates etc would be great.
Do you have the September residuals and MF for a 2011 VW CC Lux FWD and 2011 CC Lux Plus FWD? Thanks
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
When negotiating your lease on this car, make sure to take advantage of the $2,000 cash incentive that is currently available on leases of it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
When negotiating your deal, make sure to take advantage of the $2,000 cash incentive that is currently available on leases of this car.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Could you provide 36/12k numbers on leftover 2010 CC Luxury?
Thanks.
Would you be kind enough to give me the residual value and money factor for this month for the 2011 CC Sport? MSRP is 30,500. I have perfect credit.
Thank you!
Calvin
Looking for leasing a 2011 CC now. Do you have the money factor and residual value for 2011 VW CC Sport with auto trans. 36 month/12000 miles per year? The MSRP is $29,660. My credit is above 760.
Also from one post you mentioned that north east could get as much as $2500 incentives, but other posts said $2000 only. How much can we get for Sept in north east area(Connecticut).
Many Thanks!
Does the $2000-$2500 cash incentive applies to 2011 VW CC Sport as well?
Thanks
Volkswagen Credit's current 36 month, 12k numbers for the 2011 CC Luxury are .00091 and 55%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Volkswagen is providing a $2,000 cash incentive on leases of the 2010 CC and a $1,000 cash incentive on leases of the 2011 CC through VW Credit right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Sport with 15,000 miles per year are .00088 and 54%, respectively for consumers who qualify for its top credit tier.
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of the '11 CC through VW Credit.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Volkswagen is providing a national $1,000 cash incentive on lease of the 2011 CC right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you have lease numbers for October 2010, for both the 2010 & 2011 CC Sport for a 36 mo lease with 15,000 miles per year?
Also, what are the October cash incentives that VW is providing for leases on both the 2010 & 2011 CC?
Would you please post October MF and residuals for 2010 CC VR6 sport and 2011 VR6 4motion, 36 month 12K/Year?
Thanks,
Marz
The numbers for an otherwise identical lease of a 2011 model are .00088 and 54%.
When negotiating your deal, make sure to take advantage of the $2,000 cash incentive that is available on leases of the '10 model and $1,000 that is available on leases of the '11 model through VW Credit.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Volkswagen Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2011 CC VR6 4Motion with 12,000 miles per year are .00134 and 50%, respectively.
The numbers for an otherwise identical lease of a 2010 model are .00108 and 41%.
When negotiating your deal, make sure to take advantage of the $3,250 cash incentive that is currently available on leases of the 2010 and $1,000 that is available on leases of the 2011 version of this car through VW Credit.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Would you please list residual and money factor rates for 2011 Sport for 36 month lease with 12,000 miles/year?
Thank you!
I am not sure about $0 down; but you absolutely should be able to do better than the advertised deal. I calculated 36mo/12K lease based on the October residual/mf figures, lowering the car's purchase price to 27K (according to truecar.com's local price) and accounting for $2000 down.
The monthly rate came down to $286, with taxes included.
Good Luck!
Volkswagen Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Sport with 12,000 miles per year are .00088 and 56%, respectively.
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I am little confused about the math. For 2010CC 2.0T Sport, it is said in vw's websit: "Requires dealer contribution of $2,800.00," does that mean $29,660.00-$2800=$26860 is the price of the CC?
Where should I use the $2000 cash incentive, Do I use $26860-$2000=$24860, or I use it after I get the monthly payment, then do $2000/36=$55.6, subtract this number from the monthly payment?
I can't get the number amheck1 calculated which is $286/mon...
Need your help!! Thanks!
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You should shop around for the lowest possible selling price on the CC that you want. If I was in the market for a 2010 CC right now, I personally would shoot for $500 over dealer invoice minus any available cash incentives. You can look up this car's exact invoice price over in the New Vehicle Pricing section of Edmunds.com.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thank you very much for your advice! Now I am more confident! I found 2 prices on 2010 CC 2.0T sport in edmund.com... one is 27760, the other one is 28860(http://www.edmunds.com/volkswagen/cc/2010/index.html), I assume they are for manual and auto trans?
Thanks!
thank you very much!
Could you also post the November figures and incentives for 2011 CC Sport 36/12K lease, once they become available?
Thank you!
I am negotiating a deal and wanted to ask you...based on what my sales guy says, the residual value declines by appr. 1% every month.
He is offering me an early lease termination on my Passat that is due back in February, stating the above fact and that the money I would send to VW for the remaining 3 payments would not help, if applied as a down payment 3 month later, instead. So, based on his calculations, leasing the car later in the model year would decrease the residual (by 3% in 3 months, down to 52%), thereby increasing the monthly lease amount. I did try calculating with the same MF and 3% lower residual, adding $728 (remaining lease amount) as a down payment, and it proved correct.
Is it true?
Here's the deal I was offered for 2011 CC Sport with DSG, 36mo/12,000mi:
$320/month, incl. 7% NJ tax
Details:
MSRP $30,120
Neg. price: $27,250
Add. Fees (bank, DMV, docs, tire tax, etc.): $1025 (625+164+60+7+169)
Down payment: $1300
residual: 55%
MF: 0.00018
Any prompt advice is appreciated, as I am planning on making a decision this weekend.
Thank you!
How much difference is the money factor for someone with A credit versus someone with B credit?
Also, does the interest rate change with B rated credit? How would I know if I am getting a fair deal? Are the rate advertise anywhere?
Any help would be great appreciated. I was trying to make a decision this Monday.
Thanks.
2011 Iron Gray CC Sport
MSRP = $29,300.00
Rubber mats, trunk liner, and chrome exhaust tips = $355
CC Splash Guards = $220
Total MSRP Sticker = $30,695.00
The agreed upon value of the vehicle = $25800.59
Adjusted capitalized cost = 26938.94 (includes $625 "aquisition fee", plus electronic filing and document fees)
Residual value = 16575.30
Rent charge = $1378.48
Total of Base Monthly Payments = 11742.12
Term 36 months
15,000 miles / year
$500 down
$349 / month with tax included ($326.17 before tax)
I think I got a good deal as my dealer started at $365/month for a 12k / yr lease, and when I took that deal to another dealer they said it was a "loser deal" and they would not match it with me offering to lease that day. The deal I got is also better than the currently advertised deal of $359/mo sign and drive since taxes are not included and that is only a 10k / yr lease.
FYI it was the end of the month (purchased on 10/28) and I think they were desperate for sales. I think it is wise to shop for cars at the end of the month, and one of my car salesman friends agrees. Also, I hear there is already a 2012 VW CC right around the corner so that could partially explain the agressive deals on CCs right now.
I must also mention that I was returning a leased 2007 Jetta. I'm not sure what the VW loyalty incentive is but that may have helped me negotiate a better deal. The crazy thing is I paid $339/month to lease my Jetta on a 12k / yr lease, and now I am leasing a CC for only ten bucks more a month and it is a 15k / yr lease!
Here are the details, I hope those help someone:
2011 CC Sport with DSG, black/cornsilk, 36mo/12,000mi
MSRP $30,120:
Neg. price: $27,250
residual: 55%
MF: 0.00018
Included fees (bank, DMV, doc, tire tax, title): $1025 (625+164+60+7+169)
residual: 55%
MF: 0.00018
Total out of pocket: $1300
$300/month (incl. 7% NJ tax)
My salesrep also mentioned a loyalty incentive of $1250 that he "factored in", due to my early termination of my lease on 2008 Passat (orig. maturity in Feb'11)
I also tried getting the Tire Hazard package rolled in (their offer was additional $489), but did not succeed.
Any comments are appreciated.
Was $500 your total out of pocket?
Thanks!
I'm curious. I work for a VW dealer and am wondering about a few things from your lease. One, the money factor this month for a CC sport is .00003, not .00018. Did you take delivery of this CC in October or November? Also, I've run the lease according to your specs exactly, and come up with 321 a month. Lastly, the 1,250 "loyalty incentive" is simply dealer cash available to everyone.
Can you help explain?
I did not have November MF available, and 0.00018 is what my sales rep told me it was, I guess he "was mistaken".
I did not yet take a delivery of this vehicle and will do it this month, upon an inspection of my lease return. However, I had another dealer offer $289/mo at otherwise identical terms(i.e.$1300 total out of pocket).
Although I already left a deposit with the first dealer, I might just take it back and walk, I don't like when I am being lied to.
I finally completed my deal, will be picking up the black CC Sport with DSG on Monday.
The final data: MSRP: $30,120; 36mo/12K miles/year lease; $281/mo(incl. 7% tax).
The reason I further lower the monthly price down was that I actually TRADED IN my currently leased Passat (with 3 months of lease remaining), and instead of paying remaining $700 to VW, I instead applied this amount towards the new lease, raising the total out of pocket to $2000.
I guess it would be appropriate to lower the negotiated price to $26,950 ($2000 below invoice!), then all of the calculations would match on your end. It must still be profitable to the dealer (I am not too worried about that though
I do consider it a pretty damn good deal, do you agree?
First, I was told I have 2nd Tier credit and, accordingly, my "Money Factor" is .00018. The MF is based on your credit rating, and is non-negotiable, correct?
Second, the Neg Prices above are $600+ less than what I was qouted. How much wiggle room is there with negotiated prices?
Lastly, what is the $1,250 "dealer cash" someone mentioned previously? Is it simply a cash incentive? And is it available to everyone automatically? Are you entitled to the full amount as a lessee?
Thanks in advance!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Volkswagen Credit's November buy rate lease money factor and residual value for a 36 month lease of a 2011 CC Sport with 12,000 miles per year are .00003 and 55%, respectively.
When negotiating your lease on this car, make sure to take the $500 cash incentive that is currently available on leases of it into account. There is some additional lease cash on this car in certain regions on top of that.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I would say that it rarely pays to waste remaining payments on a current lease to lease something new.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Sure, it's certainly not expected to drop 1% every month and 12% till the next model year.
I, however, believe that I made the right decision to terminate the lease on my Passat 3 month earlier, since the car was practically traded in and I avoid paying remaining payments to VW Credit.
I also like the fact that my new lease will be ending in November 3 years from now, the end of the year seems to be the better time for a new lease inception.
Do you agree that my deal is pretty sweet?
Thanks!