Agreed. 0.0030 is pretty lousy. I got that same 0.00068 on my '06 Passat sedan, as well as on my wife's '07 Passat wagon.
My lease expires in a couple of months, and so I've been shopping. But if the money factors don't improve in January, I'll either buy out my current lease or perhaps go see some other dealers. The Japanese and Korean automakers have better lease offers right now.
My VW salesman thinks VW Credit "might" have more attractive lease deals after the current Sign & Drive expires on 1/2/09. Of course, no promises.
The 0.00273 is pretty lousy rate, (6.55%), but I suppose if you can get the dealer to go below invoice, it may make it somewhat worthwhile.
I finalized the deal with a dealership on a 2009 Jetta S manual transmission with 0 money down (everything rolled into the monthly pmt) for $245/month or about $1150 below Edmund's listed invoice + destination.
When I was calling VW Credit and asking them questions on returning my 07 Audi A4, they told me that they are offering people incentives (in terms of Visa Gift cards) to people that are looking to buy-out their leases, so you should definitely check on your 2006 Passat.
Keep in mind that there are some incentives out there for the Passat and GTIs (owners loyalty) of $500 or more. VW had that incentive on the Jettas last month (I was going to have my friend also on the registration since he just bought a Passat, so I can get the loyalty cashback), but pulled that loyalty cash for Jetta in December.
As with any promotions, things may get better or worse, but the deal now is fairly attractive.
I am in the market for a 09 VW jetta S Auto with the 450 option of 16 alloys OR a 2009 jetta SE Auto. I have been emailing all my area dealers for the best price possible. I have recieved a email from a local dealer stating 1,500 BELOW invoice, I am still confirming this to make sure there is no hidden print. According to my figures these are the prices I am going to show the dealer this week.
2009 Jetta S auto 17,343 with dest 16,695 no dest.
2009 Jetta SE auto 18,040 with dest 17,390 no dest.
What I am interested in is what is the money factor and residual on both the S and SE for 36 months and 10k a year. My credit is in the low 700s when I leased my MDX with honda I was preffered NOT super preffered but that was 2006 and have not tried to run my credit since.
ral2167 - I think some locales may have pull-ahead programs. I don't recall exactly how many months they'll pull ahead your lease, but I think it is 3 months if I recall correctly.
On those specific occasions when the VW Credit offers pull-ahead, you will actually benefit from turning the lease in early because you effectively end your lease early.
Be very careful about dealers that tells you that they can take your car in early even without any special offers from the manufacturers or Credit Divisions of the manufacturer. When they do take your car in early, they frequently work the extra payments (say you have $300/month payment, 4 payments left) of $1200 into the total price of the purchase so you would not really see too much different on the monthly payment amount. But in reality, you are effectively paying for the remaining payments of the current lease without using up the car! You end up paying for something you never use, which would really make the overall cost higher by $1200 on your new vehicle. But then again, if you must drive the new vehicle that bad, maybe the $1200 is worth it.
Well I have to say the money factor of .00300 is terrible i am also looking at the civic and tier 1 MF is .00178 and tier 2 .00255 which combined with a price of 17,100 for the LX-S makes it a better deal than the jetta
I still want the jetta but i am pretty much stuck at 17,900 for a S auto with 16" wheels and mat kit.
Just picked up my lease this morning and turned in my 2007 Audi A4 .
Jetta has a pretty good engine and good pick up (manual transmission helps a lot as it is much more interactive than an automatic transmission). Good torque. The shock absorbsion is a bit worse than the A4, but handling is quite well.
The final negotiated price on the purchased amount is $15740 (including destination charge).
15740 575 (acquisition) 744 (sales tax for NYC) 160 (License Title & Reg Fee) 45 (doc fee) 61 (waste tire recycling fee/tax on acq fee) 17325 (gross cap cost)
residual 11095.29 (61%, 10k/39m) depreciation 6229.88 rent charge 3325.12 Total base pmt 9555 months 39 per month $245
Greetings Danny. $1,500 under dealer invoice is an excellent price for a leased 2009 Jetta. Here is the information on these cars' current lease programs that you're looking for.
Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 VW Jetta S Sedan with 10,000 miles per year are an unattractive .00300 and 61%, respectively. The numbers for an otherwise identical lease of an '09 Jetta SE Sedan are .00273 and 61%.
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Congratulations on getting your new Jetta, atsenb. I realize that it's not as nice as the A4, but for only $245 per month it is an amazing car. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can jump over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well.
Happy New Year and enjoy your new ride :shades: !
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Dealer says he will get me a lease on a Jetta S, 5 spd, sunroof and alloys, $230/m for 39 months, 10K/yr mileage. Sorry if I'm confused, but this is my first new car purchase, any advice/feedback would be appreciated.
That sounds like an amazing deal actually. The sunroof and alloys adds about $2000 on invoice. I ended up getting $245/month with no money down (taxes, TTL & acquisition fees, everything rolled in). If you are getting a true sign-then-drive, you are effectively getting about:
$1500 (what I got) below invoice + $500 (approximately the amount from $245 ->$230/month) +$2000 (in options - ~$1200 for alloy rims, and ~$800 for sunroof) = $4000 below invoice...
If you can get that deal, I would jump on that in a second...
Btw, have been driving the car for about 1 week so far. I am quite pleased with it. The handling is still superior to a Civic (I didn't test drive the Si), Altima, and Mazda 3i. The shock absorption is definitely inferior to the A4. The pick up in speed is similar to the A4 (less torque, but with a manual transmission, it's "MY MODE" all the time as opposed having to shift to "sports mode" )
Overall, quite happy with the purchase decision and very happy with the purchase at Big Apple VW in NY (Bronx area).
Thanks Carman. It is definitely a good car considering many of the options are included in this base model (heated seats are a must!), power windows, door locks, heated mirrors, etc.
The price is not as good as I'd hoped because of the poor MF, but given the amount of discount the dealers gave on this car, I think the overall price of the car was acceptable, and saving $210/month is definitely good in this economy!
Ended up being $258 a month with everything rolled in, including a trade in I was probably $1000-1500 upside down on. Got the rims and sunroof and everything, really didn't need that stuff, but my wife needed a car, and that's just how it ended up working out. Overall, wish it had ended up being closer to 230, but considering the trade in and my credit I'm not terribly upset.
Hmm. with a trade-in also? I guess that would depend on how much your trade in is worth. If it's around 2k, then I guess you paid just slightly more, but then again, the MF would vary based on credit score.
Anyway, congrats on your new purchase! I have been driving my car for about a week now and really like it so far!
I just signed a 39 month lease on a '09 Jetta S w/ the following extras: floor mat package, chrome grill, and alloy wheels. I also got the wear and tear package. The MSRP was close to $19,000. My monthly payments are $337. w/15K miles/year. I did the sign and drive, so no down, no trade-in...etc The dealer even paid for the tax, title, and license. Seems from the previous post I've read, I may be paying too much, but I from the few lease post I read I didn't see anyone that paid the extra for the wear and tear package. Can anyone help me to relieve my anxiety?
Hi polyvw. Here's the information that you're looking for. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Jetta SE Sedan with 12,000 miles per year are .00119 and 57%, respectively.
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Hi renssny. the easiest way to evaluate a lease is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were financing or paying cash for them. It is difficult to tell how much of a dealer discount you are being given on the Jetta that you're interested in without knowing what its selling price is in relation to its MSRP or its dealer invoice price. Let us know what these numbers are and I'm sure that either myself or another helpful community member will gladly give you their opinion of this deal.
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Hi elrick. Congratulations on getting your new Jetta. The best way to evaluate a lease is to look at the selling price that it is based upon in relation to its MSRP. You should be able to get both of these numbers off of your paperwork. Post them here and I'm sure that either myself or another helpful community member will be happy to tell you what they think.
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Here's the information that you're looking for, leepoffaith. VW Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Jetta SE Sedan with 12,000 miles per year are .00119 and 64%, respectively. The numbers for an otherwise identical 36 month lease are .00119 and 57%.
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this will be my first lease ever and i'm very excited about it. i was offered a lease on an s model, manual transmission. i live in ny and i would be putting 500$ down and paying 231$ a month. all my taxes and fees are included except the 58$ plate transfer. it's a 39 mo 12k mi lease. is this a good deal?
Well, VW's advertised deal right now is $199/month on a Jetta S with manual transmission, no money down. So $231 would have been a good deal last month, I'm not sure it's so great now.
Right now, on the right side of this page, I see a VW ad that reads "Honk if getting into a Jetta for $199/month sounds good."
(Check VW.com "Special Offers" if you don't see the ad.)
So if you haven't finalized your lease yet, I'd ask your salesman about the $199 deal. I assume you are looking at the base Jetta S, no options?
My lease is up in a few weeks on my '06 Jetta and although I don't want to purchase it (I will be leasing a new car), my parents would like to buy it from me.
The Residual Amount left on the car is $12,748 and although the car has never given me any problems, I am a little nervous about them buying it in case something goes wrong. I am also not sure if $12,748 is a good price for the car. Does anyone know if you are able to negotiate the selling price with the dealership at the end of a lease, and if so what do you think a good stating point would be for this car?
The residual amount due at the end of a lease is not negotiable, as far as I know. When you signed the lease paperwork at the beginning of the lease 3 years ago, that residual price was stated and you agreed to pay that at the end of the lease to purchase the car.
There's no space to bargain, here; because if you don't purchase the car, VW simply takes it back and sells it to someone else.
Someone here can correct me if I'm wrong; but I'd be very, very surprised if the residual amount at the end of a lease is negotiable in any way, shape, or form. That amount is set in stone.
I am fairly certain that you cannot negotiate your buy out. Your car should be worth more, and should technically be valued a higher sale price. The buy out, would leave you with a payment around $250, that isn't bad.
Some go ahead and buy the car for the buy out price, then sell it for a higher price. It is worth more on the open market. So the buy out would seem quite attractive to your parents, the dealer would put it priced much higher.
You are somewhat correct about negotiating your buyout price. I have a 06 Audi and our buyout price is 16.5. Still uncertain about what we're doing. Audi Financial Services = VW wouldn't negotiate. However, some companies do. I also have a 06 Mercedes R350 and according to these Edmund's boards, folks are negotiating buyouts that are 15-17.5 K Less. My buyout is 35K, but I should be able to get them down to at least 24K.
Edmund's has a story about selling their Honda Odyssey for a higher price.after buying it out, somewhere in the content area about leases.
Looks good to me, but I would think the deal would be with 12k a year.
I am so jealous, because the Wolfsburg is a one beautiful car! Especially in the red!! The engine is like a little race car! So much fun!! This car is fun to let it wind up on the interstate, makes me want to go on a road trip.
By the way, the Wolfsburg beat the Pontiac G8 V8 by apparently a half a second!! Of course its going to keep up, its a smaller car, but that is very impressive!
Other people might disagree, but I say NEVER put money down on a lease.
If you put down $2000 in cash, and $2000 on a tradein, you've committed $4000 up front. If some idiot hits you and totals your new car as you're driving it away from the dealership, that four grand is GONE and you'll get nothing for it.
Better to take that 2K cash, and sell your old car to a private seller or CarMax, etc, put that money in a savings or checking account, and use it to pay the first several months of lease payments.
I would NEVER, EVER, EVER put money down as "cap cost reduction" on a lease.
Hey erzeszut. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Jetta S Sedan with 12,000 miles per year are .00139 and 57%, respectively.
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Hi fer1. Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Jetta S Sedan with 15,000 miles per year are .00139 and 62%, respectively. The numbers for an otherwise identical 36 month lease are .00139 and 55%.
VW Credit's 24 month 15k numbers for an '09 Jetta Sedan SE are .00119 and 62%. This model's 36 month numbers are .00119 and 55%.
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Hi pinerivergal. Volkswagen's lease program on diesel models is terrible right now. It is not providing any lease support at all on them. If you were to lease a 2009 Jetta Sedan TDI through Volkswagen Credit right now for 24 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00340 and 66%, respectively. The numbers for an otherwise identical 36 month lease are .00340 and 59%.
These residual values are pretty good, but a .00340 money factor is equivalent to an interest rate of 8.16%.
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Hi gurnjh. The best way to tell if this lease is a good deal is to look at this car's selling price in relation to its MSRP or its dealer invoice price. You've got the hard part already, the selling price. Now just ask the dealer for the MSRP or look it up over in the New Vehicle Pricing section of Edmunds.com and let us know what it is. I am sure that either myself or another knowledgeable community member will let you know what we think when both numbers are here.
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Comments
My lease expires in a couple of months, and so I've been shopping. But if the money factors don't improve in January, I'll either buy out my current lease or perhaps go see some other dealers. The Japanese and Korean automakers have better lease offers right now.
My VW salesman thinks VW Credit "might" have more attractive lease deals after the current Sign & Drive expires on 1/2/09. Of course, no promises.
I finalized the deal with a dealership on a 2009 Jetta S manual transmission with 0 money down (everything rolled into the monthly pmt) for $245/month or about $1150 below Edmund's listed invoice + destination.
When I was calling VW Credit and asking them questions on returning my 07 Audi A4, they told me that they are offering people incentives (in terms of Visa Gift cards) to people that are looking to buy-out their leases, so you should definitely check on your 2006 Passat.
Keep in mind that there are some incentives out there for the Passat and GTIs (owners loyalty) of $500 or more. VW had that incentive on the Jettas last month (I was going to have my friend also on the registration since he just bought a Passat, so I can get the loyalty cashback), but pulled that loyalty cash for Jetta in December.
As with any promotions, things may get better or worse, but the deal now is fairly attractive.
I am in the market for a 09 VW jetta S Auto with the 450 option of 16 alloys OR a 2009 jetta SE Auto. I have been emailing all my area dealers for the best price possible. I have recieved a email from a local dealer stating 1,500 BELOW invoice, I am still confirming this to make sure there is no hidden print. According to my figures these are the prices I am going to show the dealer this week.
2009 Jetta S auto 17,343 with dest 16,695 no dest.
2009 Jetta SE auto 18,040 with dest 17,390 no dest.
What I am interested in is what is the money factor and residual on both the S and SE for 36 months and 10k a year. My credit is in the low 700s when I leased my MDX with honda I was preffered NOT super preffered but that was 2006 and have not tried to run my credit since.
Thank you for your time,
Danny
On those specific occasions when the VW Credit offers pull-ahead, you will actually benefit from turning the lease in early because you effectively end your lease early.
Be very careful about dealers that tells you that they can take your car in early even without any special offers from the manufacturers or Credit Divisions of the manufacturer. When they do take your car in early, they frequently work the extra payments (say you have $300/month payment, 4 payments left) of $1200 into the total price of the purchase so you would not really see too much different on the monthly payment amount. But in reality, you are effectively paying for the remaining payments of the current lease without using up the car! You end up paying for something you never use, which would really make the overall cost higher by $1200 on your new vehicle. But then again, if you must drive the new vehicle that bad, maybe the $1200 is worth it.
I still want the jetta but i am pretty much stuck at 17,900 for a S auto with 16" wheels and mat kit.
Jetta has a pretty good engine and good pick up (manual transmission helps a lot as it is much more interactive than an automatic transmission). Good torque. The shock absorbsion is a bit worse than the A4, but handling is quite well.
The final negotiated price on the purchased amount is $15740 (including destination charge).
15740
575 (acquisition)
744 (sales tax for NYC)
160 (License Title & Reg Fee)
45 (doc fee)
61 (waste tire recycling fee/tax on acq fee)
17325 (gross cap cost)
residual 11095.29 (61%, 10k/39m)
depreciation 6229.88
rent charge 3325.12
Total base pmt 9555
months 39
per month $245
Hope this helps.
Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 VW Jetta S Sedan with 10,000 miles per year are an unattractive .00300 and 61%, respectively. The numbers for an otherwise identical lease of an '09 Jetta SE Sedan are .00273 and 61%.
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Happy New Year and enjoy your new ride :shades: !
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Thanks
you need to know the msrp of the car, the selling price, the interest rate, and the residual to know if it's a good deal or not.
but for only 10K miles a year for a base jetta, seems high.
Looking for 3 yr / 12k on a Jetta WE
Is this a good deal, or should I continue looking?
I live in upstate NY if that helps.
Thanks.
$1500 (what I got) below invoice
+ $500 (approximately the amount from $245 ->$230/month)
+$2000 (in options - ~$1200 for alloy rims, and ~$800 for sunroof)
= $4000 below invoice...
If you can get that deal, I would jump on that in a second...
Btw, have been driving the car for about 1 week so far. I am quite pleased with it. The handling is still superior to a Civic (I didn't test drive the Si), Altima, and Mazda 3i. The shock absorption is definitely inferior to the A4. The pick up in speed is similar to the A4 (less torque, but with a manual transmission, it's "MY MODE" all the time as opposed having to shift to "sports mode"
Overall, quite happy with the purchase decision and very happy with the purchase at Big Apple VW in NY (Bronx area).
The price is not as good as I'd hoped because of the poor MF, but given the amount of discount the dealers gave on this car, I think the overall price of the car was acceptable, and saving $210/month is definitely good in this economy!
Would have rather had the Rabbit though...
Anyway, congrats on your new purchase! I have been driving my car for about a week now and really like it so far!
My monthly payments are $337. w/15K miles/year. I did the sign and drive, so no down, no trade-in...etc The dealer even paid for the tax, title, and license. Seems from the previous post I've read, I may be paying too much, but I from the few lease post I read I didn't see anyone that paid the extra for the wear and tear package. Can anyone help me to relieve my anxiety?
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Would the money factor and residual value be the same for a Jetta S as well, on a 36 month / 12K miles/year lease?
These are much better numbers than last month's, for sure.
Just a quick question: are the MF and residual values the same for S and SE models? Can you provide them for a 24/36 month 15k per year lease?
Thanks in advance.
Right now, on the right side of this page, I see a VW ad that reads "Honk if getting into a Jetta for $199/month sounds good."
(Check VW.com "Special Offers" if you don't see the ad.)
So if you haven't finalized your lease yet, I'd ask your salesman about the $199 deal. I assume you are looking at the base Jetta S, no options?
My lease is up in a few weeks on my '06 Jetta and although I don't want to purchase it (I will be leasing a new car), my parents would like to buy it from me.
The Residual Amount left on the car is $12,748 and although the car has never given me any problems, I am a little nervous about them buying it in case something goes wrong. I am also not sure if $12,748 is a good price for the car. Does anyone know if you are able to negotiate the selling price with the dealership at the end of a lease, and if so what do you think a good stating point would be for this car?
Thanks
There's no space to bargain, here; because if you don't purchase the car, VW simply takes it back and sells it to someone else.
Someone here can correct me if I'm wrong; but I'd be very, very surprised if the residual amount at the end of a lease is negotiable in any way, shape, or form. That amount is set in stone.
Some go ahead and buy the car for the buy out price, then sell it for a higher price. It is worth more on the open market. So the buy out would seem quite attractive to your parents, the dealer would put it priced much higher.
MSRP = $$20,769
Residual Value = 58% with a .00119 money factor
Cap cost incl. tax and tags =$22,094.99
Buyout =$12,046.02
36 mth lease = $319.77 mth (no $ down, $500 inception)
Is this a good deal, have no idea, help, help, help!!!
Obviously need the payment as low as possible so where do I start from???
Purchase price - approx $21K
Sign and drive - $500
Down - $0
Miles - 12K per year
Monthly payment - $291.
Thanks,
what's the selling price of the car they gave you?
Selling price is $22,094.99
Edmund's has a story about selling their Honda Odyssey for a higher price.after buying it out, somewhere in the content area about leases.
2009 Jetta Wolfsburg
MSRP $22194
$500 Down (includes everything except DMV)
$295/Month
36 Months
10K year
I am so jealous, because the Wolfsburg is a one beautiful car! Especially in the red!!
The engine is like a little race car! So much fun!! This car is fun to let it wind up on the interstate, makes me want to go on a road trip.
By the way, the Wolfsburg beat the Pontiac G8 V8 by apparently a half a second!!
Of course its going to keep up, its a smaller car, but that is very impressive!
2009 Jetta SE
36 month
18,000 miles / yr
$2000cash down + car trade in (valued at $2000) so total of $4000 down
$250 per month
If you put down $2000 in cash, and $2000 on a tradein, you've committed $4000 up front. If some idiot hits you and totals your new car as you're driving it away from the dealership, that four grand is GONE and you'll get nothing for it.
Better to take that 2K cash, and sell your old car to a private seller or CarMax, etc, put that money in a savings or checking account, and use it to pay the first several months of lease payments.
I would NEVER, EVER, EVER put money down as "cap cost reduction" on a lease.
Eric
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VW Credit's 24 month 15k numbers for an '09 Jetta Sedan SE are .00119 and 62%. This model's 36 month numbers are .00119 and 55%.
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These residual values are pretty good, but a .00340 money factor is equivalent to an interest rate of 8.16%.
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