2013 and earlier Volkswagen GTI Lease Questions

roadking1

Car Man

Looking at a 2008 R32 to lease. Sale price $33K, 10,000 per year, 36 month lease. Residual quoted at 59%, % rate of 7.2%. Quoted $561 per month, zero down.

I have a credit score over 700. Is this close to the correct residual, any better money factors? Thanks for the help.

CarMan@Edmunds

Sweet car, roadking1. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 R32 with 10,000 miles per year are .00289 and 65%, respectively. This money factor is equivalent to an interest rate of around 7%.

Car_man
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joshknot

Happy to see you back around these parts, Car_man!

Could you please provide the MF and Residual on both a 24 and 36 month lease on the 4-door GTI (specific options if they matter- auto trans, autobahn package, 18" wheels) with 15k miles? Additionally, are you aware of what VW charges per mile to purchase additional miles at the onset of the lease? I'm thinking of buying up to a total of 18k per year...

Thanks for your help!

r32fanmia

Hello I am looking to lease a 2008 R32 for either 24, 30 or 36 months with 10K. What is the residual values and money factors for this car. I want to make sure i am getting the right deal

dsg_master

The best program right now is a 24 months lease. At 12000 miles/yr the residual is 68%. And the money factor is .00128. With fees down you could be at low $400's/ month. I'm a Internet manager, I know the programs.
-Tukk

johnl617

So far these are the deals ive found for the R32

279 with 999 down, 10K miles a year, 24mo lease, + tax/title/acq/reg fees.

249 with 1999 down 10K miles a year, 24mo lease, + tax/title/acq/reg fees.

My biggest question is when it comes to these deals:
I was wondering if:
1) I can negotiate on the price of the car to below invoice so I can save money on tax?
2) I can negotiate on the prepaid mileage?
What else can I negotiate on?

kyfdx

You got that deal on an R32?!

A $35K car for $999 upfront and $279/mo.?

johnl617

Hey man,

yeah i got a call from my local VW. R32 in Blue/White/Grey - 999 down for 279/mo

after taxes and all the other title/reg/acs/security deposit its almost 293/mo for 10K miles a year.

I want to do 18K miles a year.

adjulian

Here is my current deal, haven't signed anything yet, but wanted to get an objective viewpoint:

2008 GTI - Candy White 4 Dr Manual with Autobahn + Monster Mats
MSRP - 27155
Dealer Invoice - 25644 (invoice 25237+ $407 advertising, gas, etc.)
Acquisition Fee - 575
Cap Cost Reduction - $500 lease incentive
Adjusted Cap Cost - 25719
Residual - 14664 (54%)
MF - .00103 (2.47%)
36 months
Base monthly payment - 348.69
Monthly with 6% tax - 369.61

If I pay the Acquisition fee up front (pay 575 up front vs. 612 over the course of the lease), the base monthly payment becomes 332.12 (352.05 with 6% tax).

Question 1: what do you think of the numbers?
Question 2: Should I pay the acquisition fee up front or roll it into the lease payments?

Thanks.

kyfdx

1) They are selling it to you for invoice - $500 incentive? That looks great..

2) With an effective interest rate of 2.47%, roll in everything you can.. How much is due at signing on this deal?

regards,
kyfdx

adjulian

Only TTL due at signing, VW is picking up the first payment, so effectively only 35 payments.

kyfdx

Geez... that makes me want one..

adjulian

Thanks for the vote of confidence on the numbers. I thought it was pretty good too when I saw the numbers - I just wanted to be sure...

Thanks again.

kyfdx

54% residual.. Is that for 36mo/36K or 36mo/45K?

adjulian

54% residual based on 36 mos/36K

smokey26_02

I am interested in getting an '08 GTI 2 door with automatic transmission. Thats it no more options...

I was wondering if anyone knows of any deals around South Florida, Miami...

I am interested in either a 24 or 36 month lease with 12k a year.

Also anyone from Florida that can tell me how much insurance is roughly on the car?

Thanks for all answers in advance.

dmauly2k

Sat down with a salesman, seemed like I couldn't get a straight answer. I plan to put $0.00 down, and he quoted $353 a month on a GTI lease. MSRP for the car (4 door, manual transmission, candy white, only option is a sunroof) is $24,950; dealer invoice is $23, 254. This seems like a high lease payment to me, even with nothing down. I love the car, and if I could get my lease payment to around $320-$325 a month, I would sign the papers on the spot. Anyone have any input as to whether or not that is a feasible payment, or is the dealer quote as low as it can get? Thanks.

adjulian

dmauly2k - you need to get the following information in order to understand if you are getting a "good deal" or not. Also, what are your terms, e.g., 24 mos, 36 mos, 12K miles, 15K miles, etc.? I am assuming that the payment they quoted you included sales tax. Initially, without all of the information the payment does seem high.

Here is the information that you want to know:

- MSRP
- Invoice Price
- Your price, i.e., your negotiated price for the car (adjusted capitalized cost)
- Additional Fees (acquisition fees, etc.)
- Are there any cap cost reductions? (did they tell you about the $500 lease incentive going on right now which should impact your cap cost and a Loyalty Program if you have a 2001 VW)
- What is the residual they are using to calculate your payment? (usually expressed in terms of a percentage of the MSRP)
- What "money factor" are they using to calculate your payment? (can be expressed as a percentage or a funny number, e.g., .00103 - take this number and multiply it by 2400 to get your lease percentage)

Once you have all of this information you will be able to evaluate your lease.

Also, did they tell you about the "Sign then Drive event" going on until Feb. 29 - VW will pick up your first payment and you are only responsible for Tax, Title, License.

Check out my previous threads in this forum and look at some of the numbers I came out with. Overall, I was pretty happy with my deal.

Hope this helps.

caveman123

car_man and kyfdx,

I have enjoyed reading through the forums, and appreciate the useful advice you give everyone.

Can you tell me the current money factor and residual for a 2008 GTI MkV 4-dr auto? I am looking at 24-month and 36-month (signTHENdrive) leases.

Thanks,
caveman

davexpert

I am nearing the end of my lease with VW Credit for a 2007 GTI. I am curious about what the end of the lease means for me and what my options are.

First, a little background... 15K miles a year for 2 years... I got my GTI in July 2006 -- so a pretty early 07, with the Package 2 premium options (leather, DSG, upgraded wheels/tires, dual climate, etc.) and my residual ended up being $18,400. I'm right where I should be with my mileage allocation.

But a quick look at the kbb/edmunds and I see and see my GTI is a mere $15+K to a dealer; but would retail for about $19K. I'm guessing this mean, essentially, there's no use in "buying" this car at this price and then trying to "sell" it and pocket the difference? (Ten years ago, I leased a Honda Accord and upon turn-in, I netted a few thousand dollars toward my next car -- despite being way over the mileage limit. History doesn't seem to be repeating itself here.... or am i missing something?)

Even if I don't get any money/equity out of this transaction, I believe I would like to lease my next car. As for getting another VW, I need something with a few more doors and a little more legroom and a lot better in inclement weather. I have an expanding family, and while my 2-year affair with the GTI was fantastic, I need to settle down with a more practical car. So, naturally, I have the hots for a Tiguan when that model hits the streets.

My question is... what incentive will VW Credit give me if I lease another VW? Is there any advantage to turning it in early? I have three more payments on my current GTI.

And what else to expect? I think I've kept the car maintained... regular maintenance, no damage, good aesthetic shape. There is one ding on the hood and one rimmed has a 2 inch scratch on it, but otherwise looks showroom. What kind of fees should I expect?

Thanks for the insight!!!

adjulian

There is a loyalty program going on right now for current VW owners. I am not sure of the specifics but I seem to recall anywhere from 1000 - 2000 loyalty discount depending on your make of vehicle. There was also a $500 lease incentive going on as well. Additionally VW extended their Sign Then Drive Event through the end of March.

There is no advantage to turning your lease in early unless VW decides to wave your payments altogether, which is not very likely. You definitely do not want to roll your existing payments into your next lease.

Also, if there is a disposition fee and you lease another VW or Audi, you do not have to pay the disposition fee.

I can't comment on the dings and scratches and what that would mean to any additional costs. Might be completely dependent on the dealer and whoever is looking over your car at lease turn in.

Hope this helps.

CarMan@Edmunds

You're very welcome, caveman. Here's the information that you're looking for. Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 VW GTI 4-Door with 15,000 miles per year are .00054 and 61%, respectively. The numbers for an otherwise identical 36 month lease are .00103 and 52%, respectively.

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CarMan@Edmunds

Hi davexpert. More likely than not, your current GTI is worth less on the open market tha it will cost you to purchase at the end of your lease. You will probably be best off just turning in your car and walking away from it at lease-end. You will probably have to wait until the scheduled end of your current lease to lease a new Volkswagen. Unless VW is running some sort of official early lease termination program that I an not aware of, you are going to have to pay for your final three payments on your current car out of your own pocket to get out of your lease now. The dealer that you are getting your new car from could make it look like they are letting you out of your lease early, but chances are that they would only be making your remaining payments for you, thus hampering your ability to negotiate the lowest possible selling price on your new car.

Volkswagen is actually running a special owner loyalty program on GTIs right now. Current owners who purchase or lease a new one are eligible for a $1,000 owner loyalty incentive. You can use this cash to help you negotiate an attractive selling price on the new GTI that you want to lease.

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l0vemyvw

Hello!

I'm within the 90 day period of my lease expiration and am wondering what the heck to do. This is causing me great anxiety...

I've been leasing a 2004 Jetta 1.8T for the past 4 years. The car has been phenomenal (reliable, fun to drive, economical, etc.), and I think I'm going to lease a GTI after this. This being said, what would be the most appropriate way of getting into a GTI (the sign and drive event is really appealing)? Should I turn my car in right now and just pay the last 2 months due along with all wear and tear, over-mileage, etc.? Should I enter into a lease and have them package the remaining 2 payments into the new lease and pay for over-mileage, wear and tear etc? Furthermore, I'm terrified that I'm going to get ripped off on the wear and tear - is it advantageous to have any repairs done prior to the assessment? The roof was dinged by a softball and there is a small scrape on the bottom of the driver's side door; these things aside, the car looks fine cosmetically. I suspect that I will have to replace all tires (should I buy these on my own before turning it in?). I've had one "real" tune-up during my lease period, and have had periodic oil changes. The car still runs great - should I have a tune-up done prior to turning the car in?

Any advice would be greatly appreciated!

carcrazy75

Hi, I am looking to lease a 4 dr. gti or gli w/at., i am currently have around $3000 in negative equity, I was looking to put about $1500 dwn, need 15k/yr for 36 mos.,have no clue what to expect- this is my first lease. Does anyone have any idea what payments should be around, etc...Thanks

bitjokey

I am in Southern California, here is the quote I got.
$2,780 drive off
$310 monthly including tax.

Sounds reasonable?

Thanks.

tsa1

Hi, what are the current residuals and MF rates for a 24 and 36 month lease w 12,000 miles for both the 2dr/4dr gti AND the R32? my local dealer has 6000off msrp for the R32 and just wanted to see if i could get a good deal leasing!

thanks!!!

CarMan@Edmunds

Hi l0vemyvw. I personally wouldn't turn my Jetta in early and waste the final two lease payments if I was in your situation. There's no hurry to get into a new GTI. Auto sales are very slow in the U.S. right now, and I don't anticipate them picking up any time in the near future. I suspect that Volkswagen will have some pretty good deals available when your lease is scheduled to expire in a couple of months.

Don't be too worries about your car's excess wear and tear. Most manufacturers' captive finance companies, like Volkswagen Credit, are fairly reasonable when assessing the lease-end condition of vehicles. It would be silly for them to nickel and dime you to death on your current lease and risk angering you and losing your future business. You definitely should not perform any maintenance on a leased vehicle other than changing your car's oil regularly. Anything above and beyond that is a waste of money. If your tires are really bald, you may end up having to replace them.

Car_man
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CarMan@Edmunds

Hi tsa1. Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 GTI 2-roor with 12,000 miles per year are .00085 and 54%, respectively. The money factor for an otherwise identical lease of an '08 GTI 4-door is the same, but its residual value is 53%. The numbers for a similar lease of an '08 R32 are .00080 and 58%. Volkswagen is providing a $500 cash incentive on leases of the '08 GTI through VW Credit, but no lease cash on the R32.

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flim_flamini

Hey Car_man,
You seem like the go to guy in these forums. I'd be really appreciative if you could provide me with the current buy rate lease money factor and residual value for a 36 month lease on a 2008 GTI 4door with 12,000 miles. Also, how far under MSRP is a good deal. Is it possible to get invoice or below?

The dealer quoted me a .002 money factor. Is this correct? FYI, I'm located in TX (not sure if that makes a difference).

Hope to hear from you soon!!

flim_flamini

Hey sorry to pester, but just wondering if anyone knew...?

sciopth

Hey Gang

Thought I'd share my R32 lease info in case it is useful:

Blue / no Nav
12k miles
36 months
$380 / month + tax
1st month paid
nothing down

Dealer claimed they weren't making any money on the deal. Who knows, but it seemed fair after a lot of back and forth. Hope this helps you.

kyfdx

That looks like a great deal.. Much better than what my local dealer advertises...

Watch your speed!!

CarMan@Edmunds

Here's the info that you're looking for, flim_flamini. The money factor that you were quoted is way too high. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 GTI 4-Door with 12,000 miles per year are .00085 and 53%, respectively. Volkswagen is currently providing a $500 cash incentive on leases of this car through VW Credit. If I was in the market for one right now and I was in an area that had a decent level of competition, I personally would shoot for a selling price of around $500 over dealer invoice, which is really right around invoice once the $500 incentive is taken into account. Make sure to stop by the "Volkswagen GTI Prices Paid and Buying Experience" discussion for additional feedback on GTI pricing.

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CarMan@Edmunds

Awesome car, sciopth. Thanks for taking the time to share the details of your lease with everyone. Examples like this are always helpful for other community members who are in the market for similar vehicles. Make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride...I know that I would .

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flim_flamini

Hi Car_man,
Thanks for the info. Here is the deal I was quoted this past saturday on a 36 month lease with 12k miles/month:
GTI 4 door manual w/ autobahn pkg.
MSRP $28,269
Dealer Offer $27,155
Residual: 53%
MF: .00125 (He agreed that .00085 was the base rate but despite qualifying credit- they need to make a profit and will only go as low as .00125)

With TTL + dealer fees the monthly payments come out to $484/month
I know it only comes out to a few hundred dollars over the lease term but I feel they should give me the base money factor.

You said in your reply that bc of the $500 lease cash, I should shoot for $500 over invoice. If there is the $500 offered, should I be aiming for a deal at invoice or under?

Also, one last thing. I noticed that VW is offering 0% apr on all '08 models for the rest of the month. Do you know if that applies to the VW Driver's Option plan? If it does, I feel that would be the best way to go.

Thanks!

mmenard

I just got an offer on a GTI 4-door automatic with sunroof package (not the autobahn) approx. $27 000 msrp for $24850. I know this doesn't include tax, but what other fees are not included. Want to use this number to determine a lease payment:
12k, 36 months, 53% residual, money factor of .00085, -500 VW cash back and $2000 down. (tax here is 8.25%).

I come up with $275.50 tx incl. What am I missing?

mmenard

Hey man, that sounds like a terrible deal. I got offered for a GTI 4 door, with the moonroof package (not autobahn), MSRP $27500, 36 month lease $312/ month plus tax and I walked away because I saw on this forum someone got it for $305 tx incl. $484 sounds really high.

Just my opinion.

mmenard

Here's the offer I got: 2008 GTI 4-door, moonroof package (not autobahn)

$24859 plus tx and fees
$2000 down, 36-month, 12k miles
$312/month plus tx.

Any opinions? Anyone do better?

kyle617

I see that Edmund is selling a 91 VW, but I don't know where I can find a number where I can call someone to talk to talk about buying the car. Is there a number that I can call to chat with somebody?

harbilly

Dear Car_man,

I wonder what's July's lease offer for a 4-door GTI. I am looking for a 36 or 24 months 15K per year lease. Is $500 incentive still available in July?

Thanks,

harbilly

Well, let me answer my question. Dealer told me it's 50% residual and 0.00066 Money Factor for July 36 months 45K miles lease. The monthly pay is equivalent comparing to June's lease term. Buying at 0% APR for 60 months seems a better deal now

harbilly

I finally finished leasing a 08 GTI. The MSRP is $26449, and I got a sell price down to $23980 including the $500 lease incentive. It's a White 4-door GTI DSG. Dealer charges only about $200 as dealer fee, so it's a good deal to me. Final number are $344.77 per month with $344.77 upfront cost before tax. My two cents.

kyfdx

harbilly..

That sounds like a great deal! Was there anything special to qualify for the $500 incentive (owner loyalty?)..

I've been looking at VWs, as well..

regards,
kyfdx

kyfdx

Using your deal... I did a buy vs. lease scenario on a $27K MSRP unit...

In my state, where they apply 6% tax to the monthly lease payment, you'd break even on a 0% purchase, after three years, if you could sell the vehicle for $13,800...

That probably favors buying a little bit, but if you know you only want the car for three years, the leasing deal is still good.. Of course, if you think you might keep the car for 4-5 years, the 0% money over the extra term is a real bonus...

regards,
kyfdx

billdct

How does this sound? 4 door 08 GTI with manual trans, sunroof, cold weather package and port installed rubber mats. Sticker is $25360 buy price into a lease is $23000 with an .00066 money factor and $480 out of pocket at delivery leased for 36 months and 15000 miles a year the monthly lease payment is 329 plus state sales tax

fast200sx

Looks like there are still good lease deals this month. Anyone know if there is any Conquest cash or cash back this month the dealer is not telling me about to sweeten a deal?

CarMan@Edmunds

Hi fast200sx. Volkswagen is currently providing a $500 cash incentive on leases of the 2008 GTI through VW Credit. I am not aware of any conquest cash.

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raysx5

Hi. i just got quote for 08 R32 no Nav. It doesn't seem like good deal. What should I look for?

MSRP $33630.00
36 month
12k miles/ year
$438.20/ month plus tax
zero drive off

Thats all info I have now. Dealer tells me its $1,000 below invoice, is it right?
Thanks in advance.

sciopth

Hello

IMHO the dealer is on crack- in April I got my R32 (no nav) for $380 a month+tax, nothing down, 12k miles, 36 months. The R32 basically landed DOA, which is good for us that want one. It's also been on the lots for over a year, so they need to move them.

Btw below invoice is good, but just as important is the residual value (I think mune was 60%) and the money factor (interest rate) (should be real low on an R32 as well). On the 31st of this month, in the mid-afternoon, ask him to figure out a way to make your payment $380 a month with the same mileage /duration, and I'll bet he'll find a way to figure out what to do with the numbers. Remember, he's trying to make his numbers by the end of the month. Normally you don't want to start out with a payment, but I can already tell you that's a pretty good deal since I already did the math.

Got mine from Zimbrick VW in Madison, WI. Hope this helps!