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2013 and earlier Volkswagen Jetta Lease Questions
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This is a great messege board, and I am happy that I found it! It a very helpful service, and it's awesome that this was started. Thanks in advance to anyone who can help me!
I recently leased for the 1st time. I don't really understand all these ratios and small decimals you all are talking about, but I can give you this info:
I leased a 2006 GLI with package #2 + spoiler + added window tint ($240).
It is a 48 month lease w/15000 miles per year. I put $1500 down. The agreed upon value of the vehicle was $27,927. The gross capatilized cost was $28,502. There was a capitalized cost reduction of $601. The adjusted capitalized cost was $27,900. (Sorry if this is too much info, but I have never leased before, so I'm not sure what you need to help me :confuse: )The residual value is $13,420 after 48 mo's. The depreciation and any amortized amounts was $14,480.
I have a payment of $425/mo. I this a fair deal? I thought it was after penciling the deal about 6 times.
The car is still "at port", so they gave me loaner until the car gets here next week. If this is not a fair deal, can I renegotiate the deal before delivery, or get out of it? Also, if it is not a fair deal, what points should I use to argue down the monthly payment?
I truly appreciate anyone's help, and if more info is needed please let me know!
Sincerely,
Swedish
I would be happy to give you my opinion on the lease that you signed, but it would be a big help if you were able to provide me with this car's full MSRP first. This number will enable me to see how much of a discount you were given on it and to use VW's current lease program to estimate what your lease payment should be.
It may be difficult for you to renegotiate your lease at this point. Since you have not physically taken delivery of your car yet, you probably would be able to back out of the deal if you really wanted to, but if you have given the dealer any money you would have a tough time getting it back.
Car_man
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Can you get me the money factor and residual value for the GLI jetta or the 2.0T Jetta? This would be for a 2yr 10k/yr or a 3yr 10k/yr lease. thanks a lot
Could you please give me the LMF and the residual value % for a 24-month, 12,000 miles per year lease of the following? I saw the special on the Value Edition on the VW website and I'm curious to know which one has the best lease support in March (trying to get one by tomorrow).
2006 Jetta Value Edition
2006 Jetta 2.5
2006 Jetta 2.0T
P.S. - I was offered $217+tax per month with $1000 up front (including fees, security deposit waived) for 24 months, 12,000 miles per year ...
2006 Jetta Package 0 Automatic MSRP $21,980.00
The monthly pymt supposedly goes to $299 (incl. tax) for 12k miles/year and $319 (incl. tax) for 15k
I am leasing a car for the 1st time, how does this deal sound? The dealer said it was good until March 31st (today). Is there anything I should verify? Anything that I might need to consider? Thanks for the help!
Cash Price $19,892.50
Acq Fee $575.00
State DMV Fee $200.75
Cap Reduction $9.74
Term 24 months
MSRP $21,980.00
66% Residual @ 10K miles per year
Residual Value $14,506.80
Money factor: .00057
Customer Cash $550.00
Base Monthly Payment $267.89
Taxed Basis $289.99
Customer Cash $550.00
Does that mean your total due at lease signing is $550?
If so, It looks great.. Did you price a 36 month lease, as well?
regards,
kyfdx
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My wife is interested in buying a 2006 Jetta GLI. The current deal offered to her is:
MSRP: 28959.00
Sell Price: 27842.00
Trade Allow: 8300.00
PayOff: 8800.00
Term: 36mo
MF: 0.00119
Residual: 54%
Total Fees: 67.50
Total Down: -500.00
Total Tax: 1215.04
Amt Fin.: 28917.00
Monthly Payment: $421.89
Drive off amt due: 2129.43
The numbers just don't look right to me, I'm not sure what I'm missing here.
What do you guys think of this deal? Does it seem ok?
If it matters - its a lease in NY.
Our custom GLI is scheduled for delivery in mid June (see my post in "Volkswagen Jetta: Prices Paid & Buying Experience" #144), and while we are likely to buy, we'd be open to leasing if the terms were good enough.
06 New Jetta sedan 2.5L w/no option with letherette
$2000.00 down (incld all fees and first payment)
12K/miles 24months lease
Here is what I got from 2 dealers:
(A)
Initial Cap $19,857
Term 24 months
MSRP $21,980.00
65% Residual 12K miles per year
Residual Value $14,296.75
Money factor: .00057
Customer Cash $2000.00
Base Monthly Payment $218.36
Taxed Basis $231.46
(B)
Initial Cap Cost $20,500
Cap Reduction $890.10
Term 24 months
MSRP $22,355.00
65% Residual 12K miles per year
Residual Value $14,530.75
Money factor: .00057
Customer Cash $2000.00
Base Monthly Payment $247.40 (incld 6% tax)
398 document fee
575 acquisition fee
28 title fee
367 dealership ad fee
25 port prep fee
Not sure if all these are required to make a deal. It just looked like more of a profit for them. Try getting these waived off or other "hidden fees" like dealer add-ons when negotiating the down.
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Let's work up some lease payments on this car and see what we come up with. According to my calculations, if you were to lease a 2006 Volkswagen Jetta GLI with an MSRP of $26,955 and a selling price of $25,781 through VW Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $360. The payment for an otherwise identical 48 month lease should be $334.
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I'm not sure what you mean by the $2,000 customer cash that you mentioned in your post. Technically customer cash is an incentive that manufacturers provide on vehicles to help dealers sell them. Volkswagen is not currently providing any customer cash on the Jetta, but it does have the lease cash that I mentioned earlier. If by customer cash, you mean that this is a down payment you shouldn't make them. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Jetta would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all.
The lease program that you were quoted for these cars is in line with VW Credit;s current program. The bottom line is that these selling prices that you were quoted look reasonable and the lease program is good, but you shouldn't make any sort of down payment.
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My daughter will be going to college soon and has her heart set on a jetta 2.0T automatic. (Am in Omaha, NE)
I am clueless on my best option. Buy or lease.
Wondering what my best lease option payment would be for 48 months. Why would I want 24 months ? I noticed most discussions center around that time frame. Is there a monthly price difference for one over the other and also open end vs close end lease...are the payments not the same ?
I want to know lease payments before I go in and learn I have been taken by not knowing what I should have been offered as my best deal.
Thank you,
Billie
FYI -- VW currently has a deal for Passat and Beatle leasers, they will pay off up to 6 remaining payments.
Thanks!
I am being offered a lease for a Jetta Value Edition.
MSRP is 18,515. Base price 18,100. Residual value is 9410.
This is for 12,000 mi/yr, 48 month lease, with $500 customer loyalty. I've been quoted $265/month (which includes taxes). They want $800 down and say they can't go lower than this or offer no money down. They say the $800 includes the 1st month's payment and other fees. The $800 comes from $1300 minus the $500 loyalty (and $1300 comes from theft code, doc fee, aquisition fee, and plate fee). Is this a good deal, or should I be able to put less down? I'm thinking I should be able to put less down...the whole $800 thing doesn't seem to totally make sense, as they are saying it also includes the 1st month payment, though the 1st month payment doesn't factor into the $1300 in fees they quoted. What do you think? Thanks!
You provided me with great information in the past and I am back for more.
I am looking to lease a Jetta 2.5 with an MSRP of $24,290(AT, Pkg 1, rear side airbags and mats,spl grds). What should the discount be and what should it be consist of? Discount, factory cash, etc?) I am not a returning VW cust.
What should the residuals and money factors be on a 36 mo.
and 48 mo. lease for this vehicle?
Should I expect to pay a mandatory acquisition fee to VW Credit and if so how much?
Any other suggestions or comments in pursuing this lease?
Thank you for your continued help.
I need your help in analizing this specific deal. It is on a 2006 Jetta 2.0 Turbo with an MSRP of 25,080. 36 mo. 12K Mi per yr. lease with a residual of 54%. Cap Cost $23,548.(which is supposed to be the invoice amount). VW Acquisition Fee 575. Factor is .00107 (which is the lowest I've seen for a Jetta of any type). Monthly payment without tax 334.
Out of pocket at inception 482.76 which is first pay't and tag transfer, etc.
I took the weekend to think about it (to get your input)Thanks
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
I was just at a local VW dealer in NY yesterday, and was quoted $351/mo. for a 48 mo. lease on a 2006 2.0T Jetta w/ Package 2. This included $1000 on a trade in and $2800 down. Shortly after that, I called down to NC (where I'll be moving in a month or two), and was given the same quote for the same lease, but for a Package 3 w/ Navigation (also in the color i wanted!), reatailing around $31-32 g's. This is my first new car, and first time leasing. Is this a good deal for a lease, or should i try to haggle a bit more??
I went back yesterday and did some haggling between the 2 dealers. I'm now down to $309/mo for 48mo/12000yr on the 2.0T automatic, Package 3 w/ an Ipod Adapter in Blue Graphite. THis does include 2800 down w/ a trade in on my car (which they're giving me $1000 for... and i'm extatic about that). I decided I really didnt need the extra Nav system. once again, this is my first time leasing, but does this sound like a good deal?
The post above makes a good point. You need to run the numbers, there are articles here that will teach you the math. Otherwise, you won't get your best.
Audi and VW are conjoined and I got a deal on a 2005 A4 ~12/04 that I can't match for a GLI right now, (A4 Quatro, 6 sp, leather, spoiler, dual climate, front power seats, sunroof, 6 cd, etc., for 1st payment, taxes and plates out the door, plus $356/mos for 36 @ 15,000 miles/year.
Knowledge and patience can make you the winner. Also, Carman. The residual values the dealer has and the money factors charged are the keys.
The stinking sales scum will hide their profit if all you are looking for is a particular monthly payment. What if the residual is manipulated and the car has wear and tear and you need to consider buying it? What if after 4 years you find the buy out is more that 55% of MSRP? My Audi has a super high residual, there is no way that I can allow myself to want to buy it at lease end. They will never sell it to anyone else at the agreed upon price. But, my deal is so good because the MF worked out to less that 1% APR and the value depreciated was agreed to be very low.
(By the way, I have a "small mouth" A4 with the 1.8, the "large mouth" A4s were almost $125 a month higher as soon as they arrived at the lot. So, I got clearance prices.)
Good luck and thanks for sharing your information.
There is some 12,000 miles info and I know they charge $0.15/mile over allowance. So, I am interested to know if the extra 3,000 miles are cheaper if they are built into the lease.
Thanks.
of $209/month with 2006 Jetta Value Edition with Manual Transmission
24-month lease
$1,954 due at signing
(excluding license, tax, options and dealer fees)
**US cars only. $209 first month's payment, $1,170 down payment, and $575 acquisition fee due at lease inception. Monthly payments total $5,016. Based on MSRP of $18,530 for a 2006 Jetta Value Edition Sedan with manual transmission, excluding title, taxes, options and dealer charges. Closed-end lease offered to highest qualified customers by Volkswagen Credit through participating dealers. Supplies limited. Offer ends May 31, 2006. Requires dealer contribution of $939.39, which could affect final negotiated transaction. Lessee responsible for insurance. At lease end lessees responsible for $0.15/mile over 24,000 miles and for damage and excessive wear. Additional charges may apply at lease end. Purchase option at lease end for $12,229.80. Dealer sets actual prices. See your Volkswagen dealer for details.
Jetta 2.0, GLI and GTI
24 and 36 mos.
15,000 miles/year
and if the over miles charge is $0.15/mile, is the charge more or less that the difference between a 12,000 and 15,000/year figure?
Thanks.
Am I getting a good deal?
Should I lease for 24 months or 36?
I have a quote from a local VW dealership on a Jetta GLI, pkg2 with Auto box. He has quoted a sale price of $25907 with drive off fees only.
36 month lease - Lease factor 0.00119, Monthly $356, Residual 0.54
24 month lease - Lease factor 0.00061, Monthly $366, Residual 0.64
Thanks!!!!
Of course, that's because I like to switch cars. If you are just looking for transportation, you may not want to pay drive-off fees again only 2 years from now.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Car_man
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VW Credit charges an acquisition fee of $575 on leases.
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