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2016 VW GTI Lease Questions

MichaellMichaell ColoradoPosts: 121,901
edited August 2015 in Volkswagen
Ask your 2016 VW GTI lease questions here!

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MODERATOR

2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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Comments

  • ROMILROMIL 89131Posts: 100
    Please post MF/Residual on a 2016 GTI SE 4-door with 36/15K in NV.
    2018 Honda Accord Touring 1.5T
  • MichaellMichaell ColoradoPosts: 121,901
    ROMIL said:

    Please post MF/Residual on a 2016 GTI SE 4-door with 36/15K in NV.

    .00180 and 57%

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Does any know money factor & residual on a 2016 4-door GTI SE with lighting package with 36-month lease & 12 K miles/yr in CA (zip code 91761) ? With $1000 down, what would be a decent monthly payment (including tax) ? Thank you very much!!
  • MichaellMichaell ColoradoPosts: 121,901
    ucsdfreak said:

    Does any know money factor & residual on a 2016 4-door GTI SE with lighting package with 36-month lease & 12 K miles/yr in CA (zip code 91761) ? With $1000 down, what would be a decent monthly payment (including tax) ? Thank you very much!!

    .00180 and 59%.

    We would need to know the MSRP and net cap cost in order to model a payment.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gtizzlegtizzle Posts: 1
    Was quoted .00185, 59%/12k, 57%/15k, 36mo on a 2016 GTI S 2Dr MT in SF Bay Area. Could the MF get better with 800+ credit score?
  • MichaellMichaell ColoradoPosts: 121,901
    gtizzle said:
    Was quoted .00185, 59%/12k, 57%/15k, 36mo on a 2016 GTI S 2Dr MT in SF Bay Area. Could the MF get better with 800+ credit score?
    You politely but firmly explain that you won't sign a deal with a marked up MF. 

    And reach out to another VW dealer. 

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Posts: 128,420
    gtizzle said:

    Was quoted .00185, 59%/12k, 57%/15k, 36mo on a 2016 GTI S 2Dr MT in SF Bay Area. Could the MF get better with 800+ credit score?

    .00185 is the new updated MF for 2016 GTI.

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    Edmunds Moderator

  • Any feedback on this deal:
    2016 GTI S w/PP, 2 door, MSRP 27,710
    36 mo/12k, .00180 MF, 59% rv.
    Cap cost is 26,710, 600 doc fee, 625 acq. fee, supposedly coming out to $414 a month
  • MichaellMichaell ColoradoPosts: 121,901
    tourist23 said:

    Any feedback on this deal:
    2016 GTI S w/PP, 2 door, MSRP 27,710
    36 mo/12k, .00180 MF, 59% rv.
    Cap cost is 26,710, 600 doc fee, 625 acq. fee, supposedly coming out to $414 a month

    With those numbers, I get $365.31/mo + tax.

    What state is this and what is the tax rate? Are you paying the fees up front or adding them to the cap cost?

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • This is in NC, so 3% use tax should be in the payment, and it's nothing down so everything should be included in that payment.
  • MichaellMichaell ColoradoPosts: 121,901
    tourist23 said:

    This is in NC, so 3% use tax should be in the payment, and it's nothing down so everything should be included in that payment.

    Need to know what the net cap cost is after adding in all the fees.

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 2016 4-door GTI SE with lighting package with 36-month lease & 12 K miles/yr in CA (zip code 91761 with 8% tax). MSRP at $31975. With 0.0180 MF & 59% residual and $1000 down, what would be a decent monthly payment (including tax) ? Thank you very much!!
  • MichaellMichaell ColoradoPosts: 121,901
    ucsdfreak said:

    2016 4-door GTI SE with lighting package with 36-month lease & 12 K miles/yr in CA (zip code 91761 with 8% tax). MSRP at $31975. With 0.0180 MF & 59% residual and $1000 down, what would be a decent monthly payment (including tax) ? Thank you very much!!

    What is the negotiated selling price?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • I didn't get the negotiated selling price (discounted MSRP) & cap reduction. I was offered ~430-450/month with 1000 down!
  • MichaellMichaell ColoradoPosts: 121,901
    ucsdfreak said:

    I didn't get the negotiated selling price (discounted MSRP) & cap reduction. I was offered ~430-450/month with 1000 down!

    Can't really tell you if that's a good or bad offer without knowing the cap cost.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • I'm located in PA, 19446. I'm trading in my 2013 GTI lease... white 2DR base, no options, 10,200 miles (my commute is super close) superb condition... they're offering me 17,900 compared to my 14,900 residual, leaving me with 3,000 for capital reduction.

    2016 in question is a S model with DSG and lighting package. 10k/36mo. MSRP ~28,000 cap cost ~23,400. Was quoted the same thing most seem to have been here... a 0.00180 MF and 60% residual. (I have a high 700-low 800 credit score... that should be top tier, correct? Someone on another forum said they got .00150 MF... that seem legit?)

    Guessing doc fees are around 600. Looks like 820 for destination. PA has a 3% use tax so total 9% tax.

    Quoted at 329/month after taxes. That seem like i can work a better deal? I know the 2016's are in demand.
  • MichaellMichaell ColoradoPosts: 121,901
    snowbilnd said:

    I'm located in PA, 19446. I'm trading in my 2013 GTI lease... white 2DR base, no options, 10,200 miles (my commute is super close) superb condition... they're offering me 17,900 compared to my 14,900 residual, leaving me with 3,000 for capital reduction.

    2016 in question is a S model with DSG and lighting package. 10k/36mo. MSRP ~28,000 cap cost ~23,400. Was quoted the same thing most seem to have been here... a 0.00180 MF and 60% residual. (I have a high 700-low 800 credit score... that should be top tier, correct? Someone on another forum said they got .00150 MF... that seem legit?)

    Guessing doc fees are around 600. Looks like 820 for destination. PA has a 3% use tax so total 9% tax.

    Quoted at 329/month after taxes. That seem like i can work a better deal? I know the 2016's are in demand.

    First, we don't recommend using trade equity as cap cost reduction - have the dealer cut you a check instead.

    .00185 is the base MF .. not sure how someone can get lower than that, unless it's through a third party bank.

    Does the $23,400 cap cost include the equity?

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • snowbilndsnowbilnd Posts: 3
    edited August 2015
    Thanks for the response! Why do i always hear people say have them cut you a check? What's the difference between me rolling it into capital cost reduction or putting that check in the bank if i plan to use it all in payments? I shouldn't think the super tiny amount of potential interest would be worth it? Is there another reason i'm not aware of?

    Or is this one of those instances were any money down is viewed as negative because of the potential loss of the vehicle and as a result, all my rolled-over equity?

    Yes, the 23,400 does include the 3,000 equity.
  • MichaellMichaell ColoradoPosts: 121,901
    snowbilnd said:

    Thanks for the response! Why do i always hear people say have them cut you a check? What's the difference between me rolling it into capital cost reduction or putting that check in the bank if i plan to use it all in payments? I shouldn't think the super tiny amount of potential interest would be worth it? Is there another reason i'm not aware of?

    Or is this one of those instances were any money down is viewed as negative because of the potential loss of the vehicle and as a result, all my rolled-over equity?

    Yes, the 23,400 does include the 3,000 equity.

    If the car is stolen or totaled during the lease, that $3000 is gone. If you keep it in the bank, it's yours.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Ok, that's what i figured... makes sense. How does the deal look in your opinion?
  • MichaellMichaell ColoradoPosts: 121,901
    snowbilnd said:

    Ok, that's what i figured... makes sense. How does the deal look in your opinion?

    $1600 off sticker isn't too bad for a model as popular as the GTI.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Okay got a quote from a dealer...2016 4dr SE manual...MSRP is $30,800, they took about $900 off giving me a selling price of $29,975. No drive off fees at all. I'm located in LA.

    Net cap cost: $30,600.
    MF: .00185
    Residual: 60%
    Monthly payment: $426.30 + tax

    My thoughts are that it seems a little high. I feel like I could probably find something for around $400 a month all in. What do u guys think?
  • kyfdxkyfdx Posts: 128,420

    Okay got a quote from a dealer...2016 4dr SE manual...MSRP is $30,800, they took about $900 off giving me a selling price of $29,975. No drive off fees at all. I'm located in LA.

    Net cap cost: $30,600.
    MF: .00185
    Residual: 60%
    Monthly payment: $426.30 + tax

    My thoughts are that it seems a little high. I feel like I could probably find something for around $400 a month all in. What do u guys think?

    The math is correct

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Is this a good deal? Doesn't really seem like it...
  • MichaellMichaell ColoradoPosts: 121,901

    Is this a good deal? Doesn't really seem like it...

    GTI's are popular ... not seeing a lot of discounts yet and the base MF is pretty high.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Posts: 128,420

    Is this a good deal? Doesn't really seem like it...

    Yeah.. GTIs are not cheap to lease, relative to their MSRP.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Any update with residual/MF for September or are we waiting until Sept 8 (after labor day)?

    Looking at a 2016 S/SE with PP 12k/36mo, kydfx, please let us know when the numbers are out. Thanks.
  • MichaellMichaell ColoradoPosts: 121,901

    Any update with residual/MF for September or are we waiting until Sept 8 (after labor day)?

    Looking at a 2016 S/SE with PP 12k/36mo, kydfx, please let us know when the numbers are out. Thanks.

    Updated numbers from VW; good through 9/7:

    .00180 and 59%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • How do those numbers (MF and residual %) differ across trim levels within the same model year? Or, are they simply based on time and miles (12k/36mo, 15k/36mo, etc)? Thanks!
  • MichaellMichaell ColoradoPosts: 121,901

    How do those numbers (MF and residual %) differ across trim levels within the same model year? Or, are they simply based on time and miles (12k/36mo, 15k/36mo, etc)? Thanks!

    All GTI trim levels have the same numbers. There is a 2% difference between 36/15 residual and 36/12 residual

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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