2016 VW GTI Lease Questions

kyfdx

@bigshot82 Their numbers are wrong.

tworotor7

This a good deal...?


Trading in a leased 2014 GTI Wolfsburg Edition, 25k miles. - offered $17,500. My pay off is about $19,500, so the 2k VW loyalty is a wash...

Leasing a 2016 GTI S, 6 speed... no other options. $500 VW Finance bonus. $26,913 OTD Isn't this way too high? If so, what should I shoot for? I'm in North Jersey.

Thanks!

ibreslin

tworotor7 said:

This a good deal...?


Trading in a leased 2014 GTI Wolfsburg Edition, 25k miles. - offered $17,500. My pay off is about $19,500, so the 2k VW loyalty is a wash...

Leasing a 2016 GTI S, 6 speed... no other options. $500 VW Finance bonus. $26,913 OTD Isn't this way too high? If so, what should I shoot for? I'm in North Jersey.

Thanks!

check it out on truecar.com for free, I'd say closer to 24K is about right, msrp on 4dr gti s where I am is a little less than your otd quote.

gnuke2015

Hi, looking for November MF and residual% on a 36mo 12k/yr gti lease
Thanks!

Michaell

gnuke2015 said:

Hi, looking for November MF and residual% on a 36mo 12k/yr gti lease
Thanks!

November numbers will be released tomorrow ... hopefully we'll have them later this week.

gnuke2015

Great thanks. I'll check in then

mlin

Do you have the rates/residuals for November for a 36/10?
Thanks.

Michaell

mlin said:

Do you have the rates/residuals for November for a 36/10?
Thanks.

.00165 and 59%. $500 lease cash.

Michaell

Michaell said:

gnuke2015 said:

Hi, looking for November MF and residual% on a 36mo 12k/yr gti lease
Thanks!

November numbers will be released tomorrow ... hopefully we'll have them later this week.

.00165 and 58%. $500 lease cash.

ROMIL

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

cstark27

Looking for RV/MF for 36/12 on the following for KS:

2016 VW Golf GTI S (4 door) MT

Thanks

Michaell

cstark27 said:

Looking for RV/MF for 36/12 on the following for KS:

2016 VW Golf GTI S (4 door) MT

Thanks

.00165 and 58%. $500 lease cash.

kyfdx

ROMIL said:

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

.00165 MF and 56% residual. $500 lease cash

calguitar71

Looking to lease 2016 4dr SE w/ PP and LP for 10mi 36mo in california. A dealer agreed to 3510 off MSRP but is giving me $399/mo + tax. That seems too high for me. Can someone help me out with math here? Thank you!

Michaell

calguitar71 said:

Looking to lease 2016 4dr SE w/ PP and LP for 10mi 36mo in california. A dealer agreed to 3510 off MSRP but is giving me $399/mo + tax. That seems too high for me. Can someone help me out with math here? Thank you!

Need to know the original MSRP in order to do the math.

.00165 and 59% for 36/10.

calguitar71

Michaell said:

Looking to lease 2016 4dr SE w/ PP and LP for 10mi 36mo in california. A dealer agreed to 3510 off MSRP but is giving me $399/mo + tax. That seems too high for me. Can someone help me out with math here? Thank you!

Need to know the original MSRP in order to do the math. .00165 and 59% for 36/10.

Oops. Sorry it was $32390.  Thanks!

Michaell

calguitar71 said:

Michaell said:

Looking to lease 2016 4dr SE w/ PP and LP for 10mi 36mo in california. A dealer agreed to 3510 off MSRP but is giving me $399/mo + tax. That seems too high for me. Can someone help me out with math here? Thank you!

Need to know the original MSRP in order to do the math.

.00165 and 59% for 36/10.

Oops. Sorry it was $32390.  Thanks!

With those numbers ($28,880 selling price), I get $351/mo + tax, so $399 seems a bit high.

I would confirm the net cap cost; it might be higher than the selling price. If so, find out what's been added.

arai3

Does the residual % and MF vary per model and state?
If I am looking for an SE vs Autobahn, Manual vs Auto, do these numbers change in AZ?

Additionally, are the current residual numbers more inflated than normal making the monthly's smaller? Coming out from a lease with a similar situation, I realize how it makes the buy out value of the car ridiculous. I am thinking of a GTI but unsure if resale will be hit. I feel a lease would be a good way to get a feel of the car and if it made sense, to buy it out at the end of the term, but not sure if it would end up being more expensive in sum total?

kyfdx

arai3 said:

Does the residual % and MF vary per model and state?
If I am looking for an SE vs Autobahn, Manual vs Auto, do these numbers change in AZ?

Additionally, are the current residual numbers more inflated than normal making the monthly's smaller? Coming out from a lease with a similar situation, I realize how it makes the buy out value of the car ridiculous. I am thinking of a GTI but unsure if resale will be hit. I feel a lease would be a good way to get a feel of the car and if it made sense, to buy it out at the end of the term, but not sure if it would end up being more expensive in sum total?

This month, all 2016 GTIs have the same numbers, regardless of trim level, and the numbers are the same, nationwide.

Leasing to buy is usually not very cost-effective. If cash flow isn't a problem, a GTI is a pretty safe bet to buy, as resale is astoundingly good.

arai3

kyfdx said:

arai3 said:

Does the residual % and MF vary per model and state?
If I am looking for an SE vs Autobahn, Manual vs Auto, do these numbers change in AZ?

Additionally, are the current residual numbers more inflated than normal making the monthly's smaller? Coming out from a lease with a similar situation, I realize how it makes the buy out value of the car ridiculous. I am thinking of a GTI but unsure if resale will be hit. I feel a lease would be a good way to get a feel of the car and if it made sense, to buy it out at the end of the term, but not sure if it would end up being more expensive in sum total?

This month, all 2016 GTIs have the same numbers, regardless of trim level, and the numbers are the same, nationwide.

Leasing to buy is usually not very cost-effective. If cash flow isn't a problem, a GTI is a pretty safe bet to buy, as resale is astoundingly good.

Could you explain why it isnt cost effective? Isnt it just paying the depreciation at lower MF (APR really) and then at the end at the lease you buy it out. You do pay the fees and rent. But isnt the rent amount really low?

Also could you clarify what you mean by "cash flow isn't a problem"?

nyccarguy

First off when leasing you have to pay a bank fee or acquisition fee which you wouldn't have to pay if you were to finance it traditionally.  

2nd, the interest rate (1.9%) for a 60 month loan is less than VW's current money factor on a 36 month lease (.00165 = 3.96%).  So with the lease you'll pay the 3.96% for 36 months, then if you finance the buyout you will pay more in interest on a used car.

"cash flow isn't a problem". If it is going to cost you (throwing out arbitrary numbers). $400 per month to lease vs. $500 per month to finance the car and you "have" the extra $100 per month then it is worth it to finance the car.  In 3 years, you will have paid off 3/5 of the GTI and it will be worth more than you owe on it.

28firefighter

^This.

My general philosophy with leasing is that you should only do so when the right combination of interest rate, residual, and dealer cash is such that it would be crazy to buy. At any given time, in any given class of car, there are crazy good deals to be had if you are flexible.

A perfect example right is the 2015 Infiniti Q50 AWD (an MSRP of $40k) - one can be leased for 39 months for 0 down and somewhere around $280/month + tax if you shop it right. Given that option, I would never lease a GTI for 369 a month.

you_rebel_scum

So I've been beating my head over whether I should lease this car... I love the drive but I feel like there may be other, more premium vehicles out there that have a better lease value.

And also, this will probably sound naive because it probably is, but when salesmen say that, "Oh these cars are flying off the lot" or whatever, how true is it, particularly considering the situation that VW is in?

Also, if I were to get a deal similar to this, what do you think?

EDIT: Forgot to add model. GTI 4-dr SE Auto w/ Driver Assistance + Lighting

Residence: Northern California
Term: 36/12
MSRP: $35000
Negotiated: $31250
Residual: 58% = $19430
MF: 0.00165
Monthly + (~9% Tax) = $449.03

Will I be able to negotiate a better deal off the MSRP or is the GTI "that popular?"

Thanks!

nyccarguy

@you_rebel_scum - one thing I've learned over the years is to buy the car you like, not just the best deal.  You did a fantastic job negotiating.  You got the base money factor (which means you have stellar credit & the dealer isn't trying to mark it up on you for extra profit) and you got $3,750 off the sticker price.  There might be a little meat left on the bone, so just make sure you are getting the car for dealer invoice minus any current incentives.  

Have you shopped other dealers?  It only takes a few minutes to fire off a couple of emails.  Just make sure you are very specific in what you request:  trim level (at $35K you must be looking at an Autobahn PP w/ DSG), Color, lease term, mileage, & money factor (this shows you are serious & not just fishing for a cheap price).

VW dealers need to sell cars.  The .00165 money factor (set by VW credit) indicates that VW corporate doesn't need to subsidize the lease with a cheaper interest rate.  Historically the GTI sells well & hold it's value compared to other VWs.

Sorry for the long post, but long story short, you might be able to negotiate a little more off the sticker price, but not enough to warrant another $100 per month off of the lease payment.  As @28firefighter mentioned above, there are smoking lease deals to be had on 2015 Infiniti Q50s.

have you considered a lower trim level (SE w/ PP & Lighting) or financing @ 1.9% APR for 60 months?

kyfdx

@arai3 @nyccarguy summed it up pretty well.

Acquisition fee
MF rate is actually high, not cheap
Cash flow: Higher payment on purchase vs. lease

arai3

kyfdx said:

@arai3 @nyccarguy summed it up pretty well.

Acquisition fee
MF rate is actually high, not cheap
Cash flow: Higher payment on purchase vs. lease

Thank you.

nyccarguy said:

First off when leasing you have to pay a bank fee or acquisition fee which you wouldn't have to pay if you were to finance it traditionally.  

2nd, the interest rate (1.9%) for a 60 month loan is less than VW's current money factor on a 36 month lease (.00165 = 3.96%).  So with the lease you'll pay the 3.96% for 36 months, then if you finance the buyout you will pay more in interest on a used car.

"cash flow isn't a problem". If it is going to cost you (throwing out arbitrary numbers). $400 per month to lease vs. $500 per month to finance the car and you "have" the extra $100 per month then it is worth it to finance the car.  In 3 years, you will have paid off 3/5 of the GTI and it will be worth more than you owe on it.

Thank you for the detailed explanation. Yes, I see the MF on the GTI is pretty high.
I am currently leasing the G37 which I got in Dec 2013 when they were doing crazy deals on it. Got a nav+premium package for $360 a month. (Including about $30 more PM for a end of lease MPP).

I don't intend to turn this into a personal finance thread. But, I don't want to keep on leasing because it just doesn't seem like a sensible thing to do long term. I am single and have only 1 car. In addition the pain of having to deal with dealerships and salesmen and replacing a perfectly fine car just makes it more difficult. I started my car hunt with plans of buying a CPO 328 or G37 and keeping it simple. Tried the GTI on a friend's recommendation and really liked it. Especially since I can't find any Q40 or good condition G37 in my area.

I can get a $500 loyalty bonus for moving from my G37 to a Q50 and my dealer was trying to push it on me. I also work for a company that has a VPP partnership with Infiniti-Nissan (says the dealer). But the thought of leasing again and not being in control of when you really want to turn the car in just makes me not like it.

28firefighter said:

^This.

My general philosophy with leasing is that you should only do so when the right combination of interest rate, residual, and dealer cash is such that it would be crazy to buy. At any given time, in any given class of car, there are crazy good deals to be had if you are flexible.

A perfect example right is the 2015 Infiniti Q50 AWD (an MSRP of $40k) - one can be leased for 39 months for 0 down and somewhere around $280/month + tax if you shop it right. Given that option, I would never lease a GTI for 369 a month.

That looks like a really good number. Are you referring this for a base model?
So if I have a Loyalty bonus and VPP discount, I could get it for lower!

Edit: added VPP eligibility.

leescott

Infiniti vehicles, especially the Q40 (G37) and Q50, lease ridiculously well. Back in Feb of '14, we leased a G37 with navigation and premium (MSRP near $40K) and we are paying $300/mo, tax in, and we paid $0 at start. We did do multiple security deposits to get the payment down.

28firefighter

arai3 said:

@arai3 @nyccarguy summed it up pretty well. Acquisition fee MF rate is actually high, not cheap Cash flow: Higher payment on purchase vs. lease

Thank you.

First off when leasing you have to pay a bank fee or acquisition fee which you wouldn't have to pay if you were to finance it traditionally.  

2nd, the interest rate (1.9%) for a 60 month loan is less than VW's current money factor on a 36 month lease (.00165 = 3.96%).  So with the lease you'll pay the 3.96% for 36 months, then if you finance the buyout you will pay more in interest on a used car.

"cash flow isn't a problem". If it is going to cost you (throwing out arbitrary numbers). $400 per month to lease vs. $500 per month to finance the car and you "have" the extra $100 per month then it is worth it to finance the car.  In 3 years, you will have paid off 3/5 of the GTI and it will be worth more than you owe on it.

Thank you for the detailed explanation. Yes, I see the MF on the GTI is pretty high. I am currently leasing the G37 which I got in Dec 2013 when they were doing crazy deals on it. Got a nav+premium package for $360 a month. (Including about $30 more PM for a end of lease MPP). I don't intend to turn this into a personal finance thread. But, I don't want to keep on leasing because it just doesn't seem like a sensible thing to do long term. I am single and have only 1 car. In addition the pain of having to deal with dealerships and salesmen and replacing a perfectly fine car just makes it more difficult. I started my car hunt with plans of buying a CPO 328 or G37 and keeping it simple. Tried the GTI on a friend's recommendation and really liked it. Especially since I can't find any Q40 or good condition G37 in my area. I can get a $500 loyalty bonus for moving from my G37 to a Q50 and my dealer was trying to push it on me. I also work for a company that has a VPP partnership with Infiniti-Nissan (says the dealer). But the thought of leasing again and not being in control of when you really want to turn the car in just makes me not like it.

^This. My general philosophy with leasing is that you should only do so when the right combination of interest rate, residual, and dealer cash is such that it would be crazy to buy. At any given time, in any given class of car, there are crazy good deals to be had if you are flexible. A perfect example right is the 2015 Infiniti Q50 AWD (an MSRP of $40k) - one can be leased for 39 months for 0 down and somewhere around $280/month + tax if you shop it right. Given that option, I would never lease a GTI for 369 a month.

That looks like a really good number. Are you referring this for a base model? So if I have a Loyalty bonus and VPP discount, I could get it for lower! Edit: added VPP eligibility.

I just saw that over on the Q50 boards. It was for an AWD base.

I love the GTI, just not how it leases. 

you_rebel_scum

nyccarguy said:

@you_rebel_scum - one thing I've learned over the years is to buy the car you like, not just the best deal.  You did a fantastic job negotiating.  You got the base money factor (which means you have stellar credit & the dealer isn't trying to mark it up on you for extra profit) and you got $3,750 off the sticker price.  There might be a little meat left on the bone, so just make sure you are getting the car for dealer invoice minus any current incentives.  

Have you shopped other dealers?  It only takes a few minutes to fire off a couple of emails.  Just make sure you are very specific in what you request:  trim level (at $35K you must be looking at an Autobahn PP w/ DSG), Color, lease term, mileage, & money factor (this shows you are serious & not just fishing for a cheap price).

VW dealers need to sell cars.  The .00165 money factor (set by VW credit) indicates that VW corporate doesn't need to subsidize the lease with a cheaper interest rate.  Historically the GTI sells well & hold it's value compared to other VWs.

Sorry for the long post, but long story short, you might be able to negotiate a little more off the sticker price, but not enough to warrant another $100 per month off of the lease payment.  As @28firefighter mentioned above, there are smoking lease deals to be had on 2015 Infiniti Q50s.

have you considered a lower trim level (SE w/ PP & Lighting) or financing @ 1.9% APR for 60 months?

Oh crap well I feel totally dumb... I just realized my typo in the MSRP... I'm so sorry!  The msrp is supposed to be 33500 and that changes everything Im sure. 

I really appreciate your response!  Do you think I'll be able to negotiate to get the invoice price then get incentives on top of that?   My guy immediately offered a 1000 conquest incentive.  Reason why I ask about invoice price is because no one seems to want to go below msrp cuz "they are selling so well." 

ibreslin

arai3 said:

Thank you for the detailed explanation. Yes, I see the MF on the GTI is pretty high.
I am currently leasing the G37 which I got in Dec 2013 when they were doing crazy deals on it. Got a nav+premium package for $360 a month. (Including about $30 more PM for a end of lease MPP).

I don't intend to turn this into a personal finance thread. But, I don't want to keep on leasing because it just doesn't seem like a sensible thing to do long term. I am single and have only 1 car. In addition the pain of having to deal with dealerships and salesmen and replacing a perfectly fine car just makes it more difficult. I started my car hunt with plans of buying a CPO 328 or G37 and keeping it simple. Tried the GTI on a friend's recommendation and really liked it. Especially since I can't find any Q40 or good condition G37 in my area.

I can get a $500 loyalty bonus for moving from my G37 to a Q50 and my dealer was trying to push it on me. I also work for a company that has a VPP partnership with Infiniti-Nissan (says the dealer). But the thought of leasing again and not being in control of when you really want to turn the car in just makes me not like it.

.

check out the Q50 lease board, I just traded my 2014 Q50 base for a 2015 base and got my payment from $345 to $268 for a 39/10 lease. only first payment due.

I'm in texas so its not only loyalty, its the tax (we pay tax on full sales price here) rebate with returning infiniti to infiniti (also works with nissan by the way, infiniti and nissan use same bank).

staged84

Hi,

I'd love MF/Residual/incentive for following

16 GTI SE A/T 24/15 24/12

Thanks!

Michaell

staged84 said:

Hi,

I'd love MF/Residual/incentive for following

16 GTI SE A/T 24/15 24/12

Thanks!

63% / 65% residual and .00165 MF. $500 lease cash.

molokoplus

Does anyone know any VW dealerships located in Orange County California that do multiple security deposits on a lease.  Been to a few and no one seems to know what they are 

kyfdx

molokoplus said:

Does anyone know any VW dealerships located in Orange County California that do multiple security deposits on a lease.  Been to a few and no one seems to know what they are 

We aren't aware that VW has an MSD program.

molokoplus

Is $351 a month 36/12 good price for 2015 autobahn manual? 

kyfdx

molokoplus said:

Is $351 a month 36/12 good price for 2015 autobahn manual? 

Which state and how much is due at signing?

calguitar71

May I have some feedback on a deal (California)?

I'm looking to lease 2016 4DR GTI SE manual w/ lighting package. 12000mi/36 mo. *tint included

MSRP $30840
Monthly: $0 down, $355+tax per month (first month - just $355 no other fees).

I'd really appreciate any input on this. Thank you!

Michaell

calguitar71 said:

May I have some feedback on a deal (California)?

I'm looking to lease 2016 4DR GTI SE manual w/ lighting package. 12000mi/36 mo. *tint included

MSRP $30840
Monthly: $0 down, $355+tax per month (first month - just $355 no other fees).

I'd really appreciate any input on this. Thank you!

.00165 and 58%.

Need to know the net cap cost to evaluate your offer.

molokoplus

kyfdx said:

Is $351 a month 36/12 good price for 2015 autobahn manual? 

Which state and how much is due at signing?

California

750 due at signing 

molokoplus

calguitar71 said:

May I have some feedback on a deal (California)? I'm looking to lease 2016 4DR GTI SE manual w/ lighting package. 12000mi/36 mo. *tint included MSRP $30840 Monthly: $0 down, $355+tax per month (first month - just $355 no other fees). I'd really appreciate any input on this. Thank you!

Where in California are you? 

calguitar71

Michaell said:

May I have some feedback on a deal (California)? I'm looking to lease 2016 4DR GTI SE manual w/ lighting package. 12000mi/36 mo. *tint included MSRP $30840 Monthly: $0 down, $355+tax per month (first month - just $355 no other fees). I'd really appreciate any input on this. Thank you!

.00165 and 58%. Need to know the net cap cost to evaluate your offer.

Cap cost is 27967. I'm looking both SoCal and NorCal. 

kyfdx

molokoplus said:

kyfdx said:

molokoplus said:

Is $351 a month 36/12 good price for 2015 autobahn manual? 

Which state and how much is due at signing?

California

750 due at signing 

Looks like a very good deal.

kyfdx

calguitar71 said:

Michaell said:

calguitar71 said:

May I have some feedback on a deal (California)?

I'm looking to lease 2016 4DR GTI SE manual w/ lighting package. 12000mi/36 mo. *tint included

MSRP $30840
Monthly: $0 down, $355+tax per month (first month - just $355 no other fees).

I'd really appreciate any input on this. Thank you!

.00165 and 58%.

Need to know the net cap cost to evaluate your offer.

Cap cost is 27967. I'm looking both SoCal and NorCal. 

I get $355/mo, too. With acquistion fee and title/registration rolled in, that looks like a good deal.

perivale

Hello,
Trying to decide if I should lease, buy, or run away.
2016 4 Dr GTI SE PP manual with lighting, DCC, roadside assistance pack, and monster mats. Doesn't seem like I can negotiate much more on the selling price or fees.  Almost certain I'll qualify for lowest APR (1.9%?) as fico score is between 750 and 800.
Sticker 33055
My price after rebate 30400
Window etch fee 95
Dealer inventory tax 70
Doc fee 125
It's on sale in central TX so I'll take a short flight from another part of TX to get there and dealer will pay up to $150 of ticket plus pick me up from airport.  It's the color I want and there are only a few with these options within a few hours drive of me, total.
Does this seem like a good deal?
What am I looking at for residual value and money factor?
And what could monthly payments be for buying and leasing assuming I put the minimal amount down (no trade-in)?
Thanks for doing this!

kyfdx

perivale said:

Hello,
Trying to decide if I should lease, buy, or run away.
2016 4 Dr GTI SE PP manual with lighting, DCC, roadside assistance pack, and monster mats. Doesn't seem like I can negotiate much more on the selling price or fees.  Almost certain I'll qualify for lowest APR (1.9%?) as fico score is between 750 and 800.
Sticker 33055
My price after rebate 30400
Window etch fee 95
Dealer inventory tax 70
Doc fee 125
It's on sale in central TX so I'll take a short flight from another part of TX to get there and dealer will pay up to $150 of ticket plus pick me up from airport.  It's the color I want and there are only a few with these options within a few hours drive of me, total.
Does this seem like a good deal?
What am I looking at for residual value and money factor?
And what could monthly payments be for buying and leasing assuming I put the minimal amount down (no trade-in)?
Thanks for doing this!

.00165 MF and 56% residual for 36/15. $500 lease cash.

$411/mo.+tax.

Given lease taxes in Texas, I'd be inclined to buy, rather than lease.

perivale

Oh, I will be going for 36/12000 if I lease

perivale

I'm actually now considering just buying the thing cash

kyfdx

perivale said:

Oh, I will be going for 36/12000 if I lease

Add 2% for 12K/yr

kyfdx

perivale said:

I'm actually now considering just buying the thing cash

Dealer gets $500 bonus if you finance at 1.9% for 60 months. That might help your price a little

perivale

Still overall cheaper to just buy? No interest