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1. I have done a little research and am not convinced the diesel is best idea for me. I lke the idea of getting better mileage but I know driving around looking for a station that has it and then having to pay more will start to make me crazy.
2. If I put no money down, do you think it is possible to get a top of the line jetta ( prob SEL) for #250 ish per month?
The dealerships I have contacted don't seem to be able to find any 08 jettas with NAV out there so no I am thinking of getting an 09 and keeping my car in the meantime.
What how many miles are you getting to the tank? you using low octane fuel?
Im still working on my first tank of gas. 150ish miles on a half tank so far. Went my first 100 on a 1/4 tank and I was praying that the trend would continue. I justed to drive a Jeep GC got 17 or so mpg and cost me 75 to fill it up.If I can get 325 - 350 on a tank in my Jetta I'll be happy. Fill-ups should cost 3.4 of what they did in my Jeep.
Sorry to hear that. Are you one of those types that are first off the line and the first to the redlight? With gas prices so high I try to keep my VW under 2000rpm as much as possible. Have you taken it to the dealer? what did they tell you?
Thank you.
What am I missing??
in a nutshell... if you lease the right car (high resale value = high residual) then you can fairly easily lease a car for 24 - 36 mo for roughly half the payment you would have on a purchase loan lasting twice as long.
these are general statements, but the key to remember is starting with a car that has a good track record of resale value.
here's a quick example:
last year i leased an 07 honda accord accord se v6 sedan. msrp was like $25k. of course they were discounting them last spring in anticipation of the new 08 model and that helped buyers and lessee's.
now honda has had great resale on their cars for a long time. i leased it with no cash down other than first payment and license fee for 24mo @15k miles per year. payment is $185 + tax or 197 a month.
now lets say buyer #2 comes along and gets identical car on a purchase. same deal as mine would be roughly $23.5k. with no interest that's $400 a month for 60 mo.
again the key to an intelligent lease deal is starting with a car that traditionally had held its resale value well. if you think about it even if you did not want to lease you'd want to be looking at a car that held its value well!
My wife just bought an '08 Wolfsburg. Her payments are $425 for 48 months. Granted it's a higher payment than a lease payment would be but I don't have to worry if she goes over the predetermined mileage, any dents and dings, and any wear and tear that is not considered normal.
At the end of the 48 months (if not sooner) we will have a vehicle that is ours. Bought and paid for.
unlike your wife though, i cannot stand keeping most cars I've had for 4 or 5 years. let alone driving a 6 - 8 year old in able to enjoy a couple years of no payments. Paying twice the payment for twice as long I would hope you would own it and have some decent equity. And you should by picking the right car to begin with.
as far as mileage, dents etc., picking the right lease in the first place helps. I am not entirely familiar with VW Credits lease terms, however Honda has some nice features. They allow up to three individual damage issues up to $500 each (after five or six Accord leases I know they do not nickel and dime the door dings and scratches). It is also important to consider mileage when initiating a lease. I see many people in the forums going for the low mileage lease and most I'm sure will eventually regret it.
I always recommend that when nearing lease end, if you do not want to keep the car and buy out the residual, to trade it in before the last payment is made. If there is any equity (regardles of mileage or condition) it is yours. If there is no equity, trading it can get you out of an over mileage or damage situation. Even if there is negative equity when you no longer want it, the negative equity could be less than any mileage or damage charge.
These situations usually happen on a vehicle with poor resale value history to begin with. Cars that shouldn't even be purchased.
One last more feature of Honda's lease (and others as well) is the ability to extend the lease. Many people do not know this. It is rarely in any lease contract and dealers themselves usually don't even know about it.
When I got the 07 Accord, the 24 mo payment was (get this) almost $20 a month less than the 36 mo. payment. Crazy I know. But the residual subsidies were higher on 24 than 36. Even if one wanted a 3 year it actually made more sense to go 24 and then extend it for another year at the same 24 mo payment. When you extend, it is at the same rate and you continue to reduce the balance (residual).
I know, some folk just want to "drive em til the wheels fall off". I just ain't one of em!
I just leased my 2nd Jetta (I live in MA); had a 2005.5 loaded SEL that ended, just signed the lease on my '08 Wolf yesterday. I negotiated the MSRP down to $21,800 and put $500 against the cap. Also forked over first months payment, $199 doc fee and $86 for plates. Total out of pocket, including 1st month payment, was $1009. The lease is 36mo/15k miles per year and I pay $273/mo. I think I got a more than fair deal and if you do your homework, you will find out this is about as low as you can go. Lower the miles to 12k/yr and you'll do even better on the monthly payment. The money factor was .00142, 59% residual for 15k miles.
Good luck in your negotiations, you'll love the Wolf....it's a true drivers car with the turbo and looks great with the 17'' rims and spoiler. It is fast and responsive when you need it and gets great gas milage on the highway (so far 32mpg).
...where did you say you got this deal from?
able to down MRSP to $21,000
$3000 down
$245/mon for 36 mon
12,000 mile/yr
Residuel 57% (~$12,400)
BTW, I probably don't need 12K for a year. 10 K is probably OK for me.
I'm in west Mass. Any one know is there disadvantage buying cars from CT ( out of my state just south of the border) instead of MA?
Thank in advance for any input!!
FYI we are getting about 28 MPG
their offter now is 225/mon for 10k mile a year (3000 down, 36 mon lease)
I'm asking 210/mon, otherwise will shop around and will look into Altima or Civic leasing deals.
But it's a bit late...just accepted a deal from Nissan for Altima 2.5S: $3000 down, 39mon, 12k mile/yr for only $195/min...too good to pass. Sorry for Jetta.
Car_man
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Car_man
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Both are automatic with spoiler and mats one dealer (2) has splash guards.
Dealer 1:
cap cost: 22182.00
Adjusted: 23356.00
money factor: .00180
residual: 61%
3yr, 36,000 miles.
Payment $344
Dealer 2
cap cost: 22000.00
adjusted:23064.000
money factor: .00142
residual 61%
3yr 36,000 miles
payment 317.78
dealer one said he could not lose money on both the front end and back end of the deal which is why his money factor was higher. They would not match dealer 1 price just said to come down and the deal would be done.
And out of 3 dealerships only 1 would not give me a price on the phone or net. And none would come off of their dealer fees. would not even budge...
Wht do you think...
NO down, all fees rolled in, for 325 a month 3 yr 12K /yr miles
Is this good???
I see that I might be able to get an altima cheaper, it is a bit bigger, but the Vw si much nicer on the inside. Any thoughts??
36 months x $249 per month with $3000 down (taxes and fees included in payment)
MSRP $21,869.00, Invoice Price $21,236.00, Selling Price $21,236
Residual % for 12,000 miles per year 61%
Buyout Price at lease end $13,340.09
Thank you for any advice you can give.
- Angie :confuse:
Thank you for your help!
Car_man
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The two most important numbers to focus on when negotiating a lease are your car's selling price and its money factor. These are the two main profit centers for dealers. The selling price that you mentioned, which is right in line with dealer invoice, looks good to me. Just make sure that the dealer that you are working with uses VW Credit's current buy rate lease money factor of .00206 to calculate your lease payment and you should be in good shape.
Car_man
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Could you give me the current residuals and money factors for a 2009 Jetta S and Jetta SE?
Looking for a 36 month lease, and the lowest mileage per year they offer. 10K/year if they still offer that as an option, otherwise 12K/year.
Thanks.
Best,
Matt
eights38@gmail.com
$500 down (total out of pocket included 1st month payment)
$368 per month (includes FL tax)
12,000 miles per year
36 month lease
Leased in West Palm Beach. Dealer in Delray Beach offered same quote (match) Had to beat them up to get this...
Thanks for your help,
PC
I need to get an 08 jetta wolfsburg. Details:
1. $0 Down
2. Excellent Credit
3. 24 or 36 months
4. 12K / Year
What are the key metrics I need to know about when heading to the dealership?
1. Money Factor
2. Residual %
3. Total Price that would be considered a good deal?
So what should I be looking at in terms of monthly payments?
Anyone with recent deals please post your specs.
Thanks so much in advance.
Car_man
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As far as the money factor goes, VW Credit's September buy rate lease money factor for a 24 month lease of a 2008 Jetta Wolfsburg is .00107. The factor for an otherwise identical 36 month lease is exactly the same.
Car_man
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I am looking to lease an 09 jetta, SEL w/ nav, 10k per yr.
The plan was to put 3,000 down but now I am wondering if its better to put nothing down.
I currently have an 06 jetta with leather, nav , etc.. and pay 252.00 ( 240+tax) per month with 3,000 down.
My head is spinning from all the different quotes I have gotten from dealers. Is 273 a month a good deal?( with 3800 down total with fees)
I feel like the economy is bad and they are tricking me..If you could tell me what is a good price I would be so grateful.
Best Regards
-J
ps. Is it fair for a dealer to charge me extra on my lease because he has to special order a car in the color combo I want?
Perhaps you could get it to be less money down, and still be happy with the payment. Of course keep that to yourself. In fact. I would not even mention wanting to put down $3k. This only blurs the perception of the deal. Say you are going to put nothing down, work on that sale price. Then work that payment where you want. Then, when the time is right, tell them you are going to put money down. That way the deal is all out on the table, then you can just figure the payment lower on the down payment.
Remember for every $1k, you are taking off $20-30 or so off the payment. Mentioning the downpayment from the beginning, sometimes has the dealer in a place to trick you.
Tell them $0 down
Work on sale price- Check edmunds- get multiple email quotes from dealers.
Work the deal to its max
Then, if you want, add in the down payment at the last minute.- this may look like your tricking them, but in a sense, your working a normal deal, because it is advised to not put down on a lease, at that point you can feel you want a lower payment, that is okay. Put some down. You are just educating yourself, and securing yourself to not get ripped off.
Do this, and you'll see the deal more clearly.
Now as far as getting the color, they could get it from another dealer, but I don't think they should charge you for that. Caution with this. I am not totally sure.
Good Luck! -- if it does not feel right- Don't do it! There are other dealers, other deals. You want to feel good about everything.
I would not mention you are on a time table to get a car quickly! They will use this. Keep your ground, don't take any of their crap, just ignore it if they choose to do this, just be professional.
Car_man
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