Hi upndwn. If you were to lease a 2006 Volkswagen Jetta 2.0T through VW Credit right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00042 and 60%, respectively. The numbers for an otherwise identical lease of an '06 Jetta GLI should be .00061 and 62%. Lastly, the numbers for an otherwise identical lease of an '06 GTI 1.8T should be .00140 and 60%. The 36 month numbers for these cars are .00107 / 52% for the Jetta 2.0T, .00119 / 52% for the GLI, and .00140 / 52% for the GTI 1.8T. If you were to lease with only 12,000 miles per year, these cars' residual values would be 2% higher.
Hi jettacheck. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
You never mentioned two of the most important numbers that consumers should know when leasing, their vehicle's selling price and the money factor that was used to calculate its monthly payment. You should be able to find out this information from the dealer that you want to lease from. If you get these numbers, let me know and I will be happy to give you feedback on the deal that you are considering.
Hi burnsey. The lease money factors that you were quoted for this car are right in line with VW Credit's current base lease program for it. This is a good sign because it means that the dealer you are working with is being straightforward with you and not trying to mark Volkswagen's money factors up to add additional hidden back-end profit to your deal. Generally speaking, the longer a lease is, the lower its monthly payment will be. This is because new vehicles experience their most rapid depreciation during the first year of ownership. The longer one leases for, the larger the number of payments there is to spread out this large initial depreciation hit out over. While the 36 month payment for this car is lower, I personally would say that the 24 month lease is technically the better "deal" because the money factor is so much lower. If you provide me with this car's MSRP, I can give you feedback on its selling price.
i'm looking at leasing a 2006 VW jetta 2.0T. it looks like the MSRP is $26,500 (this has package 1). they are quoting us $2000 down (including security deposit, acq. fee) and a 36-month pre-tax payment of $310/month with 12,000 miles. they said they have priced the car at $25,500.
of course we're getting pressure to buy "the car on the lot" and such.
i think they may have some wriggle room in the price of the car -- they are being vague as to what the price actually even is, and keep pushing a "payment".
does this seem reasonable monthly price with the $2K down(not knowing the lease factors or the actual MSRP)? is it fair to ask for a lower selling price? does VW have leasing incentives now for this car that i don't know about?
i'm currently leasing a BWM 325xit and had a wonderful experience. i like the jetta -- but so far they've given me 4 prices and we're still dropping in price. i think they started "high" ($399/month for 36 months with $2K down) intentionally to see if i would bite.
leased jetta 2.5 with package 1/mudguards, 36 months/15K miles per.
msrp $23,740. cap cost $21,574. money factor .00116 residual $12,582 payment is $326.72 including tax (6.5%). no money down except first payment and fees ($403 total) looked at lots of cars- this one seemed to have more bells and whistles for the price/money factor.
Im planning on leasing a 2006 2.0 Jetta MSRP 25592 Zero Down. 36 Months, 15K miles. I also have a 2004 Ram 1500 Trade in value=11,000 and pay off = 17,000 (KBB) Does anyone know how much should I be looking at for my monthly payment? They quote me 390 plus tax without including the trade in. Thanks!
Well, since it is looking like you have $6000 in negative equity that equates to about $120 added to your $390 mo. payment. So, you are looking at about $510+/-. That is a high payment for this Jetta. But, you do have a substantial amount of negative equity in the deal.
Well fish8 thanks for your help. I actually went to the dealer today and I left very upset. The payment they offered me was 435 + tax on a 48 months but giving 4,750 as down payment. I think that is wayyyyyyyy too much for a down.
Part of the reason for the large downpayment is to cover the negative equity. Banks will only finance a certain amount over the MSRP of the vehicle. They can't just add a large negative equity to the cap cost. If you have to get rid of the pick-up, you probably do much better selling it on your own. By the way, $435 per month seems high.
Hi Car_man, i'm interested in an 06 Jetta 2.5 or 2.0T with auto. transmission. What are the up to date lease numbers from VW credit? probably 12k miles per year, with little or nothing down. thanks. j
I am looking at leasing an 06 GLI with package 2 and navigation. I will need 15K miles per year. I am going to put at least $3,000 down. Just wondering what the current lease numbers are. Also, I just graduated from College and was told at VW that they offer a student program. I don't know if anyone knows what the program entails. Any help would be appreciated.
I just visited a dealer last friday and they offered me a $380.00 monthly payment with zero down on a 2.0T automatic. or $374.00 for a 2.5. The payment will only go down $30 giving 1000 down.
Hi Tracey. Make sure to pin this dealer down on a firm selling price. They keep trying to get you to just look at the monthly payment because it is easy for them to manipulate. If you negotiate as low a selling price as possible and then have the dealer calculate your car's payment using its buy rate money factor you assure yourself of getting a good deal. It appears as though you are bring given $1,000 off on this car. That is not enough of a discount. There is a spread of around $2,000 between its full MSRP and dealer invoice prices PLUS Volkswagen is providing a $1,000 cash incentive on leases of '06 Jetta 2.0T models through VW Credit this month. You should be able to get at least another $1,000 off on this car, if no more.
Hi norbex. This car's lease payment will depend upon its selling price. Make sure to negotiate the lowest possible selling price for it. During your negotiations, make sure to keep in mind that Volkswagen is currently providing $1,000 lease cash on '06 Jetta 2.0T models. You may be able to get an idea of how much you should pay for this car right now by visiting the following discussion: "Volkswagen Jetta: Prices Paid & Buying Experience".
Also, it appears as though you are very upside down ($6,000) on your current truck. I highly doubt that you can bake all of your negative equity into your new lease. As a result, you are going to have to pay thousands of dollars out of your pocket at lease signing just to give your truck away. In my opinion, you probably would be better off if you wanted until you are less upside down to get a new vehicle.
Hi jdubyahunt. These cars' lease programs vary depending upon how long you lease them for. For now I will assume that you are interested in a 36 month lease. Let me know if you want info for a different term. If you were to lease an '06 Volkswagen Jetta 2.5L (not the Value Edition) through VW Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00116 and 55%, respectively. The numbers for an otherwise identical lease of an '06 Jetta 2.0T should be .00107 and 54%.
Hi ren125. It actually would be in your best interest not to make a $3,000 down payment when leasing. You can lease any vehicle that you want and only have to pay its first month's payment, a security deposit (in VW Credit's case the payment rounded up to the nearest $25 increment), an acquisition fee ($575 for VW Credit), and any required state taxes or fees. This car's lease program varies depending upon how long you lease it for. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. VW Credit's current buy rate lease money factor and residual value for a 36 month, 15,000 mile per year lease of an '06 Jetta GLI are .00119 and 52%, respectively.
Thanks for the reply. Sorry I forgot to put the lease term in my post. 36 months is the length I am looking for. I am trying to keep my payments in the mid to upper 300 dollar range. That is why I was thinking of putting down that larger down payment. If you think I can do that without the large down payment please let me know. Any other information you have would be great. This is my first car so I really don't want to get ripped off.
Just Curious...could you describe the GLI you are getting (package #, options etc.) ...I haven't yet gotten a quote from my dealer but when I do I would like to compare it to yours.
Well.. I guess it WAS too good to be true! The dealer tried to play the bait and switch game.. said he thought I was looking for the Jetta 2.5. I told him to piss off.
I went to another dealer (closer to my home anyway).. and this is what he's quoted me.
Jetta GLI Automatic DSG no extras 36mos/12K mi $23792 cap cost .00119 money factor 54% residual $288 monthly payments w/ $1000 down
That is an amazing deal, in Miami all of the local dealers are quoting over $400 / mo !! with $1,200 down for a GLI with DSG and Packg #2. Please tell us which dealer you are getting this deal from and what package you are getting. Thx raycar
You're welcome, ren125. Thanks for the additional information. If you were to lease a 2006 Volkswagen Jetta GLI through VW Credit in July for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00143 and 51%, respectively. When negotiating your lease on this car, keep in mind that Volkswagen is currently providing a $500 cash incentive on leases of it through VW Credit. This cash will help you to negotiate an attractive capitalized cost for your lease. If you provide me with a full MSRP and approximate selling price for the car that you want, I'd be happy to estimate what its monthly payment should be for you.
Hi j1ggastyle. I need some additional information from you to give you my opinion on this deal. How long is this lease? How many miles per year does it allow? What is this car's full MSRP? Let me know and I will tell you what I think.
Here you go, Chris. If you were to lease a 2006 Volkswagen Jetta 2.0T through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00135 and 51%, respectively. The money factor for an otherwise identical lease with only 12,000 miles per year would be the same, but the residual value would be 2% higher.
Hey Car_Man. I wasn't able to see if you had answered this question before for July - So if you have, forgive the redundancy. I'm looking for The money factor and residual value on a 48/10,000 Lease of the Jetta GLI. My Roommate has a 2005 GLI on a Promotional Deal of .0001 for a 48/12000, They were clearing the 05's for the 06's.. Do you think a promotional deal like this will come up again?
Once again thanks for you help....the car I built on VW.com has an MSRP of 28,794. I am going to speak with the dealer rep. tomorrow about price. If you could let me know what I should expect that would be great. I am trying to keep my payments at or below about $400 per month. I am not sure if this is going to be possible, but if you could let me know what a resonable price would be and then work out the numbers based on that price I would really appreciate it. According to VW Credit as a student I don't need a security deposit or my first months payment. I don't know if this will change anything in the calculations, but let me know.
I'm interested in leasing a Jetta and am trying to get a rough idea of what I might be able to afford. Could someone please provide the money factor and residual value for the following options:
I'd like the money factors and residual values for 24 month/10-12k per year and 36 month/10-12k per year leases.
I've heard that there is some lease cash available on the 2.5 and 2.0T (but not the Value Edition?), so I want to evaluate all of my options.
Two more questions: 1) Does anyone know if VW offers a recent college graduate discount/rebate and, if so, whether this discount can be applied to leases? 2) Does VW offer any kind of owner loyalty discount/rebate? I'm thinking of leasing 2 cars at once (one for me, one for my wife), so I'm wondering if I could get this type of discount on the second car after I lease and register the first.
I've read through this forum and have seen it said a couple of times that putting a large down payment on a vehicle is bad if you intend to lease. I was wondering why this is the case.
I've recently paid off my current car and am looking to lease an '06 Jetta. I'm educating myself as much as possible on what all the different terms are, but the "down payment bad" thing struck me as odd.
To keep it simple, minus all the other fees and taxes - I figure if you were to put a down payment of $5000 on a $20,000 car, you bring the final cost of the car to $15000. If the car has a residual value after the lease terms of say, 50%, then aren't you technically only leasing $5000 worth of the car (50% of the original selling price)? So wouldn't that in turn lower your monthly payments substantially? Hopefully this makes sense the way I described it. After reading this forum I'm no longer sure if I want to lease because of my curent car that I want to trade in. So, smart people, educate me!
This is a GREAT forum - lots of great info in here.
As far as a lease goes, putting any money down on a leased vehicle is not a smart financial move. Why you ask? The only thing putting $$ down on a leased car does is lower the monthly payment. If you were to total the car on the way home from the delaership (heaven forbid), you would be out the $5,000 you put down on the car. The better thing to do with the $5,000 is to invest the money upfront or use the $5000 to supplement your monthly payment.
When I leased my 01 F-150 I put down $4k to keep my payments below $400/month. Putting the money down early made the monthly payments easier. With that truck when I turned it back into the dealer its buyout was 4 grand below trade-in so I got all of my money back. It all depends, but if I would say go for it. Also, for the Jetta if you putting down 5k to get to 20k look into buying, you might end getting rid of the car in three years, just like a lease, but be able to walk away with some cash. Compare the numbers. Look at what your buyout would be for the three year lease is and then figure out how much the purchase buyout would be in three years if you financed. If the buyouts are the same then I would buy. If the car's buyout after the lease is much lower the absolutely lease. This will help you decide if thats a better way to go. Also, your insurance should take care of that large downpayment, ask them about it. And what are the odds you will crash on the way home?
Hey Mike. If you were to lease a 2006 Volkswagen Jetta GLI through VW Credit right now for 48 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00193 and 47%, respectively. When negotiaging your lease on this car, make sure to take the $500 lease cash that VW is currently providing on it into account. This lease program isn't bad, but it does not appear as attractive as the program that your roommate got when they leased their vehicle. It is difficult to say whether VW will enhance this car's program in the coming months.
No problem, ren125. I have not been following the market for the 2006 Jetta all that closely lately, but I suspect that if you are in an area that has a decent level of competition you would be able to get one for around $500 over invoice or so. On the '06 Jetta GLI this would amount to a cap cost of right around invoice once the $500 lease cash that is currently available on it is taken into account. Check out the following discussion for additional feedback on how much you should pay for this car right now: "Volkswagen Jetta: Prices Paid & Buying Experience".
Here's the info that you're looking for, mylesm01. If you were to lease a 2006 Volkswagen Jetta Value Edition through VW Credit right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00093 and 65%, respectively. This car's 36 month, 12k numbers are .00149 and 55%. The 24 and 36 month, 12k numbers for the 2006 Jetta 2.5 Sedan are .00079 / 64% and .00138 / 54%. Lastly, the numbers for 24 and 36 month, 12k leases of the 2006 Jetta 2.0T Sedan are .00072 / 61% and .00135 / 53%. These cars' 10,000 mile per year residual values are 1% higher.
You are right, Volkswagen is providing lease cash on the 2006 Jetta right now. Specifically it is providing $750 on 2006 Jetta 2.5 and Value Edition models and $1,000 on 2006 Jetta 2.0T models. Make sure to take this lease cash into account when negotiating your car's capitalized cost.
Volkswagen often has cash incentives for loyal owners on its cars, but I do not believe that it is offering any in July.
I'm glad that you find this forum to informative, vwcarbuyer06. Down payments on leased vehicles have absolutely no impact upon their residual values and in turn their lease-end purchase option prices. A car that you leased with a $5,000 down payment would cost exactly the same to purchase and the end of your lease as if you had not made any down payment at all. Furthermore, you risk losing your down payment if your vehicle is totaled in an accident or stolen and never recovered during your lease.
It sounds as though you were lucky on your trade in of the F150. It doesn't sound as though the money you put down when it was purchased affected the positive equity situation you experienced since residuals are not affected by down payments. Most consumers wouldn't be so lucky to have positive equity in their trade in.
If the lease cash is $1000.00, how should I take that into account?.... adding $1000 to the capitalized cost (so the residual ammount would be higher) or negotiating a $1000 dollar lower selling price?
The residual value of the car is based on the MSRP of the car. What you pay for the car doesn't change the residual.
If the MSRP is $20000 and the residual is 50% then the residual amount will be $10000. If you put down $5000 the residual is still $10000. You will just have lower month payments.
I would have them cut me a check back for the $1000 and use that to pay down my credit cards. MF of .00149 = 3.5% My credit cards are like 15%. In fact I would have them cut me a check for the $1000 plus what ever we could have negotiated off the MSRP. I would get as much back from them as the finance company will allow. Most leases allow a 110% advance. Something to think about...
Thank you everyone for replying to my question. I appreciate your responses. To further clarify -
So the sale price of the vehicle is $20,000. I put down $5000, bringing me to $15,000. Now since at the end of the lease terms the vehicle is worth $10,000, I'm technically only financing the remaining $5,000 correct (since I already paid for the first $5k with the down payment)? This in a sense gets me ahead of payments, allowing me to have lower monthly payments.
I guess I'm trying to look at making a large down payment (in the form of a trade in) like getting far ahead of monthly payments. At the end of the lease terms I will have spent the same amount of money regardless of making the down payment or not.
So then really the only bad part would be if I were to total the vehicle, which is relatively unlikely to happen.
I am new to leasing, so am looking for some advice. I have the option to lease a Jetta Value Edition (automatic trans) with rear airbags, esp, and mats. The dealer is wants $2800 w/ $205/month payments (36 month term). First off, is this a good deal?
Secondly, I don't quite understand the following: if the VW national ad is $1,170 (manual trans) down (plus tax, license, and first payment) w/ a 209 / month lease, how does the dealer come up w/ such a large amount down for my deal?
I may have went backwards when negotiating this deal and told the dealer I wanted to keep payments at $200. What can I do to recover? Any tips / suggestions would be appreciated.
Thanks in advance!
BTW - I am making my final negotiations tomorrow night! Sorry for the late notice.
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You never mentioned two of the most important numbers that consumers should know when leasing, their vehicle's selling price and the money factor that was used to calculate its monthly payment. You should be able to find out this information from the dealer that you want to lease from. If you get these numbers, let me know and I will be happy to give you feedback on the deal that you are considering.
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i'm looking at leasing a 2006 VW jetta 2.0T. it looks like the MSRP is $26,500 (this has package 1). they are quoting us $2000 down (including security deposit, acq. fee) and a 36-month pre-tax payment of $310/month with 12,000 miles. they said they have priced the car at $25,500.
of course we're getting pressure to buy "the car on the lot" and such.
i think they may have some wriggle room in the price of the car -- they are being vague as to what the price actually even is, and keep pushing a "payment".
does this seem reasonable monthly price with the $2K down(not knowing the lease factors or the actual MSRP)? is it fair to ask for a lower selling price? does VW have leasing incentives now for this car that i don't know about?
i'm currently leasing a BWM 325xit and had a wonderful experience. i like the jetta -- but so far they've given me 4 prices and we're still dropping in price. i think they started "high" ($399/month for 36 months with $2K down) intentionally to see if i would bite.
thanks,
tracey
msrp $23,740.
cap cost $21,574.
money factor .00116
residual $12,582
payment is $326.72 including tax (6.5%). no money down except first payment and fees ($403 total)
looked at lots of cars- this one seemed to have more bells and whistles for the price/money factor.
Thanks!
Good luck!
i'm interested in an 06 Jetta 2.5 or 2.0T with auto. transmission. What are the up to date lease numbers from VW credit? probably 12k miles per year, with little or nothing down.
thanks.
j
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Also, it appears as though you are very upside down ($6,000) on your current truck. I highly doubt that you can bake all of your negative equity into your new lease. As a result, you are going to have to pay thousands of dollars out of your pocket at lease signing just to give your truck away. In my opinion, you probably would be better off if you wanted until you are less upside down to get a new vehicle.
Car_man
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I got this quote from a dealer and it looks good but I'd like to know what you guys think. I don't have all the numbers yet but here's what I do have.
06 Jetta GLI
Auto w/ Tip
36mos
12000 mi/yr
.00116 factor
cap cost $21542 (using VW Credit)
What is a good residual value and monthly payment that I should try for with no money down? with $2000 down?
I just noticed ren125's post with similar info. I'd like to know what your monthly payments would be.
I just got the other numbers..
Payment at signing: $1280
Monthly Payment: $333
I didn't get the residual value but I'm assuming it's 55% of the cost($11848).
Does this sound good?
Thanks
I just called around a couple of other dealers farther away and they couldn't even match it.
I went to another dealer (closer to my home anyway).. and this is what he's quoted me.
Jetta GLI
Automatic DSG
no extras
36mos/12K mi
$23792 cap cost
.00119 money factor
54% residual
$288 monthly payments w/ $1000 down
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
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Thx
raycar
Would you provide me with the residual and money factors on a 36 mo. lease on a 2.0T Jetta for both 12k and 15k per year? Thanks.
Chris
VW Jetta 2.0T w/ Package #3
36 mo
12k Miles
Cap cost $27,850 (I made a mistake on the earlier post)
2000 down
$375 per month (Tax in)
Car_man
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Thanks!
Mike
Once again thanks for you help....the car I built on VW.com has an MSRP of 28,794. I am going to speak with the dealer rep. tomorrow about price. If you could let me know what I should expect that would be great. I am trying to keep my payments at or below about $400 per month. I am not sure if this is going to be possible, but if you could let me know what a resonable price would be and then work out the numbers based on that price I would really appreciate it. According to VW Credit as a student I don't need a security deposit or my first months payment. I don't know if this will change anything in the calculations, but let me know.
Thanks
Jetta Value Edition Automatic
Jetta 2.5 Automatic
Jetta 2.0T Automatic (DSG)
I'd like the money factors and residual values for 24 month/10-12k per year and 36 month/10-12k per year leases.
I've heard that there is some lease cash available on the 2.5 and 2.0T (but not the Value Edition?), so I want to evaluate all of my options.
Two more questions:
1) Does anyone know if VW offers a recent college graduate discount/rebate and, if so, whether this discount can be applied to leases?
2) Does VW offer any kind of owner loyalty discount/rebate? I'm thinking of leasing 2 cars at once (one for me, one for my wife), so I'm wondering if I could get this type of discount on the second car after I lease and register the first.
Thanks in advance for the help.
I've read through this forum and have seen it said a couple of times that putting a large down payment on a vehicle is bad if you intend to lease. I was wondering why this is the case.
I've recently paid off my current car and am looking to lease an '06 Jetta. I'm educating myself as much as possible on what all the different terms are, but the "down payment bad" thing struck me as odd.
To keep it simple, minus all the other fees and taxes - I figure if you were to put a down payment of $5000 on a $20,000 car, you bring the final cost of the car to $15000. If the car has a residual value after the lease terms of say, 50%, then aren't you technically only leasing $5000 worth of the car (50% of the original selling price)? So wouldn't that in turn lower your monthly payments substantially? Hopefully this makes sense the way I described it. After reading this forum I'm no longer sure if I want to lease because of my curent car that I want to trade in. So, smart people, educate me!
This is a GREAT forum - lots of great info in here.
Car_man
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You are right, Volkswagen is providing lease cash on the 2006 Jetta right now. Specifically it is providing $750 on 2006 Jetta 2.5 and Value Edition models and $1,000 on 2006 Jetta 2.0T models. Make sure to take this lease cash into account when negotiating your car's capitalized cost.
Volkswagen often has cash incentives for loyal owners on its cars, but I do not believe that it is offering any in July.
Car_man
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I'm not sure how the lease cash works.
If the lease cash is $1000.00, how should I take that into account?.... adding $1000 to the capitalized cost (so the residual ammount would be higher) or negotiating a $1000 dollar lower selling price?
If the MSRP is $20000 and the residual is 50% then the residual amount will be $10000. If you put down $5000 the residual is still $10000. You will just have lower month payments.
So the sale price of the vehicle is $20,000. I put down $5000, bringing me to $15,000. Now since at the end of the lease terms the vehicle is worth $10,000, I'm technically only financing the remaining $5,000 correct (since I already paid for the first $5k with the down payment)? This in a sense gets me ahead of payments, allowing me to have lower monthly payments.
I guess I'm trying to look at making a large down payment (in the form of a trade in) like getting far ahead of monthly payments. At the end of the lease terms I will have spent the same amount of money regardless of making the down payment or not.
So then really the only bad part would be if I were to total the vehicle, which is relatively unlikely to happen.
Okay I think I got it! Thanks guys
I am new to leasing, so am looking for some advice. I have the option to lease a Jetta Value Edition (automatic trans) with rear airbags, esp, and mats. The dealer is wants $2800 w/ $205/month payments (36 month term). First off, is this a good deal?
Secondly, I don't quite understand the following: if the VW national ad is $1,170 (manual trans) down (plus tax, license, and first payment) w/ a 209 / month lease, how does the dealer come up w/ such a large amount down for my deal?
I may have went backwards when negotiating this deal and told the dealer I wanted to keep payments at $200. What can I do to recover? Any tips / suggestions would be appreciated.
Thanks in advance!
BTW - I am making my final negotiations tomorrow night! Sorry for the late notice.