2013 and earlier Volkswagen Jetta Lease Questions

wvbob

I am currently attempting to Lease a Jetta. See post 303.
If you don't mind the drive, one can find some interesting deals. All Dealers I have spoken with indicate the Wolfsburg Ed has the best VW deals and Lease for less than the Value.

extremeaudi

Hi all... I would appreciate any advice / input regarding this quote I received from a VW dealer today. They tell me that this is the only Jetta that they can find equipped like this & that I need to jump on it if I want the car.

The car: '07 Jetta 2.5, Automatic, Pack 2, DVD Nav w/Ipod, Sunroof, 17" Wheels & Splashguards.

The deal: Selling price - $26,470. (I am being told that this is invoice - MSRP @ $28,415.). Residual - 55%. Money factor - .00189. Term - 39 mos. Miles - 12k/yr. Monthly payment (including taxes) - $391. (no more than first payment due at signing).

I have seen lower money factors listed here in this discussion - as low as .00149 for 2/07. Is the dealer padding this when they offer me a mf of .00189? They seem to squirm when I ask about it. Can this really be invoice? I cannot find a stated invoice for this car on Edmunds.com.

Thanks for the input!

rrcoleman

Hello ALL - This entire forum has been so helpful.

I am a current college student - searching for my first car...as the one passed on to me from my parents has died. Below is the current deal I have worked up - any help is appreciated:

2007 Wolfsburg Edition
Black with Beige Interior
MSRP: $21,544

39 Month Lease
$3000 Cash Down
$3124.00 OUT THE DOOR
$225.60 Monthly Payment

Because I did not attempt to get a lower price before the deal was discussed...I am going to attempt to get the dealer to install the enhanced styling body kit as an included feature - Do you think this is an unreasonable request?

Hopefully this deal will be sealed by the end of the week - so I will be mobile once again...ANY help or suggestions are GREATLY appreciated

niclaf77

just because you didn't try and negotiate a lower price doesn't mean you can't go back and do so now. i would not pay the msrp for any car. i would go back and continue to negotiate a better deal. also, you should not put that much money as a down payment. if you read about leasing you will see why that is not a good idea. i would put little to no money down and take that extra money - put it in the bank and put it towards the higher monthly payment. i am sure others on here will tell you the same. good luck and i hope you can work it all out and get into a new car.

nicole

wvbob

Here's an update. Was seeking Wolfsburg Black on Black auto for Daughter MSRP $21255. Local dealer could not locate a B on B with in 300 miles. Was willing to sell to me for $19700. Dealer had Red 2.0 MSRP $22,030 same options as Wolfsburg with out sun roof. Dealer held price at $19700. ($1100 under invoice)

moesantos

Hello,
I just moved to LA and am a first time buyer looking to lease. I saw a 2007 Jetta Wolfsburg edition that I really like with a MSRP of 21544. The best deal they could get me down to was $290/mo with $2500 total down at 39 mo 15,000k/yr. After looking at cars in the LA area all week it seems like a good deal to me, but I don't really know. What do you think? There' s also some scratch option that protects you when you return the car at the end of your lease from paying any damage fines for minor dents, tires, or scratches that brings it up to $313/mo...

CarMan@Edmunds

No problem gokhangulec. Volkswagen Credit's new March buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta 2.5L with 15,000 miles per year are .00067 and 54%, respectively.

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CarMan@Edmunds

Hey niclaf77. I'm glad that you found the information that I game you on the A4 so helpful. So, you get the Audi and your husband gets the Jetta huh? That sounds like a good deal to me . I'm not sure why Edmunds and Volkswagen's web site showed different MSRPs for the car that you are interested in. Perhaps you weren't making an apples to apples comparison. The MSRP of a 2007 Volkswagen Jetta 2.0 with an automatic transmission is $18,205. Remember that the selling prices of leased vehicles are negotiable. Shoot for a price that's as close to this car's dealer invoice price, $17,600, as you can get.

As far as this car's lease program goes, its March buy rate lease money factor and residual value for a 36 month lease with 12,000 miles per year are .00077 and 55%, respectively. Using these numbers, an MSRP of $18,205, and a selling price of $17,800 ($200 over dealer invoice), I estimate that this car's zero down, pre-tax monthly payment should be around $238. So yes, that would be under your target $250 per month range. I am not aware of any owner loyalty offers on the 2007 Jetta right now, but you should check with your dealer to make certain that there aren't any.

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CarMan@Edmunds

Hi wvbob. A selling price of below dealer invoice is a very good price for a leased 2007 Jetta Wolfsburg. Just make sure that the dealer that you are working with uses VW Credit's new March buy rate lease money factor of .00149 (48 months) to calculate your car's monthly payment and you're in business.

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CarMan@Edmunds

Hello extremeaudi. I believe that the dealer invoice price for a 2007 VW Jetta 2.5 with automatic, Pack 2, navigation, iPod connection, sunroof, 17" wheels, and splash guards is around $26,582. So the price that you were quoted does indeed look like it's pretty close to dealer invoice, which is a pretty good deal. Volkswagen is providing a $500 bonus for leases of Jetta 2.5L models through VW Credit, so this price is really more like $500 over invoice...which is still good. Volkswagen's lease program for this car changed for March. Its new buy rate lease money factor for 36 month leases is .00067 and its 36 month, 12,000 mile per year residual value is 56%.

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CarMan@Edmunds

Welcome rrcoleman. I am glad that you find this forum so helpful. You mentioned that this will be your first car. 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.

The first thing that I noticed about this deal is that you are considering making a $3,000 down payment. I always advise consumers against making down payments on leased vehicles. I do so because if your leased vehicle is totaled in an accident or stolen and never recovered, there is a good chance that your down payment will just disappear. Besides, I remember how tight money was when I was in college so you probably have better uses for the three grand that you were going to put down.

I also noticed that you never mentioned this car's selling price. This is a very important number to find out. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Make sure to negotiate as low a selling price as possible and then have the dealer calculate your car's monthly payment using its buy rate lease money factor. Volkswagen Credit's current buy rate money factor for a 36 month lease of a 2007 Jetta Wolfsburg Edition is .00095.

Car_man
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CarMan@Edmunds

Welcome moesantos. 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 the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

I personally would pass on the scratch protection option. I have found that most manufacturers' captive finance companies are fairly lenient when evaluating the lease-end condition of vehicles. Even if they do hit you with an excess wear and tear penalty, the $900 that you will end up paying for this coverage over the life of your lease would cover a lot of damage. Of course, if you feel as though the piece of mind that this coverage provides you with is with $23 per month you can get it.

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d_macho

I'd like to thank car-man and other in this thread. This is my first time leasing a car. Reading through these discussions help me understand all my leasing doubts.

I actually created a spreadsheet for my PDA with automatic calculations. This is based off a web page in edmunds . Thxs to car-man. This helped me run the numbers. I was off by only $40
compared to what the dealership agreement showed.

Car-man this is yours for the asking if you wish.
thxs again.

roccorocco

Hi. I am looking to lease a 2.5 Jetta. The options on the vehicle are as follows: 1) #1 package; 2) Cold Weather Package; 3) automatic transmission; 4) sunroof; 5) enhanced stereo. The price is listed at $23,195. I have been quoted at $274/month, for a 48 month lease, which will allow 10,000 miles per year. The residual value was quoted at 49% and the money factor is 0.00125. Is this a good deal, or should I keep shopping. Thanks in advance for any advice you can impart.

roccorocco

onetomk

Hi Car_Man. I live in FL and I'm looking for a $0 down lease for 36 - 39 months at 15,000 miles per year on an 07 Wolfsburg automatic transmission. What are the residuals and money factors on this model for 36 and 39 months and which do you recommend?

Also, does VW have leases available for greater than 15,000 miles, say 18,000 or 20,000/yr?

kbill07

What is the minimum payment I can expect to pay on a Jetta with 0 down,36 months, and need 10k miles.

samir1010

Hello hosts,
Trying to negotiate a deal on a Jetta Wolfsburg Auto and am having some trouble with calculations. From what I've learned the money factor is .00095 and residual of 56% for 15k miles a year. Here's the deal.

$22,100 MSRP Wolfsburg with Auto
$19,700 The price I am trying to negotiate to.
.00095 MF
56% Residual Value
The payment I'm coming up with is:
$0 down and $248 a month.

The price the dealership is coming up with is:
$0 down and $282 a month.

Can anyone help with where I am going wrong and are my numbers correct for the MF and RV? Thanks in advance...
Samir

jdb2919

I've been negotiating a deal for a 2007 GLI manual w/ pkg 2. Was told by local dealer last week that the money factor for tier-one 36 month lease was 0.00067 - pretty great. I sign on the line and tell them I'll call them for a delivery date. Took a phone call last night from the dealer, saying that if I get a call from VW to 'pretend' that I've taken delivery already. Of course, I'm skeptical, so I ask why. Dealer says the money factor just went up so, as a service, they reported the car as delivered to VW to lock me in at the lower rate.

First, does anyone know if the MF indeed moved from .00067 since last week? Second, is this just a 'close the deal' tactic that I should be suspicious of? VWoA can't give me the current MF figure, so I don't know if the dealer is telling the truth. :confuse:

wvbob

RU factoring in the acqu fee of $575, license, registration and taxes?

vwguild1

0.00067 was good from March 1 and good thru April 30 on GLI

CarMan@Edmunds

You're very welcome, d_macho. I'm glad that you have learned so much from reading these discussions. Creating a spreadsheet that calculates lease payments is a great idea. I created one in Excel myself that I use to help community members out. Enjoy your new car .

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CarMan@Edmunds

Hi roccorocco. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

For now I can tell you that the lease program that you were quoted for this car is right in line with VW Credit's current program for it. This is always a good thing.

Car_man
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CarMan@Edmunds

Here's the information that you're looking for, onetomk. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Volkswagen Jetta Wolfsburg Sedan with 15,000 miles per year are .00095 and 56%, respectively. I don't believe that Volkswagen is providing lease support on 39 month terms right now. 15,000 miles per year is the highest mileage allowance that VW Credit publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.

Car_man
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CarMan@Edmunds

Hi kbill07. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are.

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jtague

I am looking to lease a 2007 jetta. i have been looking at wolfsburgs and package 1 no sunroof. I have been quoted monthly payments of 227+ tax for the wolfsburg and 237+tax for pkg1. I am wondering if that is a good deal for a 36month lease with 12k miles a year and only inceptions due at signing.

conneen

I'm planning on leasing a 2007 Wolfsburg Automatic today.

I was wondering if you could give me the buy rate lease money factor and residual value.

I plan on doing 12,000 miles per year. Though I wonder how much more 15,000 would be.

Does the $500.00 Discount for Leasing 2.5L apply to Wolfsburg?

I'm using the VW Supplier program. So I start at invoice price, and if I the $500.000 discount applies to Wolfsburg, I get that too.

So I'm looking at:

MSRP $21,175.00
Invoice $20,047.00
Discount $500.00
Final $19,547.00

I'm building my own spreadsheet, I just have no idea where to find the BRLMF and Residual values.

Thanks in Advance for your help.

vwguild1

If memory serves VCI does not permit Dealers to "Mark Up"
rates on Supplier deals; even if they did VCI would punt it back...

As to the discount $$$ sliding across from 2.5 to Wolfsburg, I would say, not so much...If it did apply it; would be for all Jettas...no specificity...

storrnyc

Hey Car_man

Thanks in advance for your answers. What are the current money factor and residual % for 36Mo/15K? Is it the same for all models and dealers option?

crokerd

This is my first time with VW. I am currently debating between an 07 Wolfsburg Passat 2.0T and a Jetta 2.0T with Package 1. Passat's price is 27,815 with a lease for 48 mos 494.00 including tax. The Jetta's price is 25,595 for a lease of 48 mos for 455.00 including tax. Putting down 655.00. Does this sounds like a good deal? The dealership informed me that they don;t have 36 or 39 months lease. The lease is for 18,000 miles a year and 48 mos. Any comments between these two cars? I have been a BMW driver for the last 10 years and I was impressed by how these two cars drove.

Thanks

alexisp91

Hi, I'm absolutely no expert, but those sound very high. I got a very low mileage lease (only 10,000, but I probably should have pushed for 12,000) but I put zero down (well, other than title, etc., which may be what your $655 is) and my payment is $265, for a 39 month lease on the Wolfsburg. (This was Jan. 2.)

Good luck!

crokerd

Do you have the Jetta or the Passat? How do you like it? I am still undecided. It rides very good but I am undecided based on comments that I have read.

alexisp91

Sorry...I didn't realize Passat had a Wolfsburg edition, too. I have the Jetta Wolfsburg. I like it very much--but I had the wagon before, and wish they had the wagon out right now. But again, I'm not a "car" person, and I don't have a long commute or anything. Good luck!

storrnyc

Hey Car_Man

She test drove the Wolfsburg Jetta and i think this is the one she will plump for(Rabbit has not got good enough deals and gti is too expensive). After briefly speaking with a dealership which she wont actually buy from i talked around this deal. What do you think?

15K/36Mo
Sale Price - 21125(incl $640 Acq fee)
MSRP - 20535
Money Factor - 0.00095 (is this correct?)
Residual - 56% (is this correct?)

From this i calculate the pre tax payment to be $297 a month. Would i correctly be in the ballpark? Id like this to be the price WITH sales tax(St Louis 6.05%)....i guess ill have to try and negotiate 10% off msrp to get that sort of payment, if my math is correct.

With Drivers Option how is the current cost to buy the car calculated? Is it MSRP less payments or the negotiated sale price less payments. This bit confuses me as im sure at the end of the lease the buy out $ of the car will be the residual value. correct? I only ask as i may need to be in the position to buy the car and sell it privately during the lease period.
Do any other manufacturers have this as an option?

ledname

I'm interested in an 07 GLI DSG. I'm deciding between 24 and 36 months. Does anyone have the MF / RV for GLI DSG w/15k per year for both 24 and 36 so I can compare? Also, if I were to purchase additional miles up front, what is the cost?

gli06er

I was wondering if anyone else has any experience with this scenario. I received a letter from my dealership (Greenbrier VW) that I'm eligible for some special low interest refinancing on my '06 GLI. Thing is, I'm leasing the vehicle right now and I'm not sure what to do. I called the dealership and they're waiting for me to come down sometime this month so we can set this up. I work in Washington DC and I'd have to drive the vehicle down to the dealership 3 hours away for them to evaluate the vehicle. We just got approved for the mortgage on our new home. Will they pull my credit for this refinancing deal? Is it worth the drive down? What am I looking at? I asked Car_Man about terminating a lease early and how that's usually a bad deal; is there any way I can get burnt if the dealership is the one trying to get me to terminate the lease early and move into financing?

vwguild1

I am assuming that your lease is with VW Credit?

depechebkn

hi can someone give me the current MF and RV for the 2007 jetta and the wolfsburg?
specifically interested in 12k and 36 mos or 15k and 36 mos.

thanks for your help
dan

storrnyc

im basing my calculations on this until car man tells me different.

36Mo/15K
Money Factor - 0.00095
Residual - 56%

gli06er

Yup, the lease is through VW Credit.

qbrozen

is there any way I can get burnt if the dealership is the one trying to get me to terminate the lease early and move into financing?

Absolutely. it is NEVER a good idea to buy out a lease early. One of the biggest differences between leasing and financing is that all interest charges are built in up-front in a lease, while interest accrues on a finance. So if you buy your lease out NOW, you will still be paying all the interest you would pay if you kept the lease until its end. If you finance that buyout, you are then paying interest on top of interest. Meaning you are paying financing interest on the interest portion of the lease. Not a smart move.

If they can't give you numbers over the phone, it is a scam and they just want to hard sell you on a refi. I'm not sure why, other than the fact that they would be getting extra fees and a kickback from the bank/VW.

vwguild1

I suspect that the Dealer sent out a "Broadcast" mailing here; it makes no sense at all to make a trip of three hours
simply to learn that...

In addition, leases are "term of contract" financial instruments, meaning they are not intended to be broken. In order to end your current lease all remaining payments must be made and the residual paid off in it's entirety...And that is never pretty...

Finally, Volkswagen Credit would never be a partner in this.

centex99

I'm trying to determine if I got ripped off or not... I live in TX, this is on a 07 2.5 Automatic Jetta w/ pack 2 + sunroof.
Agreed Value
$24692
Acq Fee 575, 130 license/title, 50 doc fee, 25448 gross capitalized cost.
Cap cost reduction of 1770 + 350 (first payment)
Trade of 1000
ON cap reduction, only $350 from my pocket + trade.
Taxes were $252, however I was suprised of this b/c I thought I'd owe taxes on the entire car's amount.
I was approved for the current (low) MF and the 54% residual putting the car at 13551.
The adjusted capitalized cost was 23678.
The "Rent Charges" which make up the interest showed up as 2473 making my payments be $350/month.
I can't figure out where that $2473 comes from.
Did I get ripped off? What should my payments be closer to? I originally calculated $350 with paying tax on the entire car, but without am calculating closer to $300.
Is there anything I can do since the finance manager essentially just lied about the #s to my face?

Thanks

jshatto

The volkswagen national page is listing jetta leasing at $199/ month with $1974 due at signing. The lease is based on MSRP of $19,110. Monthly payments amount to $7,164. Purchase at end of lease is available for $11,060. I also qualify for the college graduate discount of no first month payment and no security deposit. The lease is based on 36,000 miles.

My question is if this is a deal or a gimmick.
Thanks,
JShatto

gli06er

Hey, thanks for the help vwguild1. I got another letter from the same dealership's sales department asking to buy back my leased 2006 GLI so that they can put it up for immediate resale. Now, in that scenario, where the dealership is asking to have the vehicle back, that shouldn't count as an early termination on my part, right? The offer consists of:
payment of up to $1500 over NADA official used car guide listing;
$1276 gift certificate for "special" internet shopping spree
(I have NO idea what that means);
2.9% apr financing of replacement vehicle;
and up to $3000 vw owner loyalty rebates (I think I'm only eligible for $2000).

This is pretty much all I got in the letter from Greenbrier Volkswagen, besides of course requiring an inspection of the vehicle. I'll be in the area this weekend anyway, so I figured I should drop by and see what they have to say. Has anyone else had any experience with this? Thanks! :P

vwguild1

Is there something about your 2006 GLI that you do not like?

gli06er

Actually, far from it... but my wife and I had our first baby last year and we might be expecting again soon; we kind of need the space, and it's either her car or mine that needs to be replaced with a larger one. I love my car, but multiple car seats and constant visits from family are really making us eye any chance to up the size to maybe a used mini-van or something that would also bring down our monthly bills. I wish we could replace her car instead, but since I'm the one that barely drives now (take public transportation to save money) and hers is really on loan from her folks, it leaves only mine.

vwguild1

Understood...Just be careful...

CarMan@Edmunds

Hi jtague. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Here's the information that you're looking for, conneen. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta 2.5L Wolfsburg with 15,000 miles per year are .00095 and 56%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 2% higher. Volkswagen is currently providing a $750 cash incentive on leases of the '07 Jetta through VW Credit. Unfortunately, this offer is not available on Wolfsburg models. So there you have it. Let me know if you have any questions.

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CarMan@Edmunds

Hey storrnyc. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jetta 2.0T with 15,000 miles per year are .00077 and 53%, respectively. The Jetta's lease program varies by trim level, so if let me know if you are interested in a different version of this car. Volkswagen is currently providing a $750 cash incentive on leases of this model through VW Credit. Make sure to take this cash into account when negotiating your car's selling price.

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