Car Buying Advice - Golf 2017 SE lease - Is this a good deal ?

alielkamel

Hi all ,
I am new to the united states, I work on my credit score for 5 months, I work in an IT company, and I have a green card.
I wanted to make a lease for a new Golf, I went to Mcdonald VW, and I was approved for the lease of a GOLF 2017 SE TSI , but the amount seems to me not interesting, and as I did No experience, I would like you to advise me: the informations for this lease are: the price of the car is: $26.500 and there is a discount of $3.500 for the lease, the residual is 54% and for cash Down is equal to $1.000. Then after entering all the information, the sales manager offered me an amount of $455 per month over 3 years for 10,000 miles.
I do not know if it's a good deal or not? I think it's a bit expensive.
Another note: my wife went to the same dealership the last day of last month, and the sales manager offered her a amount of $280 for a GOLF 2017 Wolfsburg (her price was: 23500 - 3500 = 20500).
What you think ?
Thanks for your time .

Michaell

alielkamel said:

Hi all ,
I am new to the united states, I work on my credit score for 5 months, I work in an IT company, and I have a green card.
I wanted to make a lease for a new Golf, I went to Mcdonald VW, and I was approved for the lease of a GOLF 2017 SE TSI , but the amount seems to me not interesting, and as I did No experience, I would like you to advise me: the informations for this lease are: the price of the car is: $26.500 and there is a discount of $3.500 for the lease, the residual is 54% and for cash Down is equal to $1.000. Then after entering all the information, the sales manager offered me an amount of $455 per month over 3 years for 10,000 miles.
I do not know if it's a good deal or not? I think it's a bit expensive.
Another note: my wife went to the same dealership the last day of last month, and the sales manager offered her a amount of $280 for a GOLF 2017 Wolfsburg (her price was: 23500 - 3500 = 20500).
What you think ?
Thanks for your time .

The MF on the Golf SE and Wolfsburg is .00001 (almost free money). The 36 month, 10,000 miles per year residual on the SE is 54%; on the Wolfsburg, 58%

Do you know your exact credit score? There could be a markup based on that.

$455/mo is a large payment for a $26,500 car.

Are you in Denver? If so, I also leased my Jetta last year from McDonald VW. They were very easy to work with, in my opinion.

alielkamel

Yes sincerely they were super and nice but I do not know why they say that I have a credit score equal to 0 while TranUnion says my credit score is 670. Yes i live in Denver

Michaell

alielkamel said:

Yes sincerely they were super and nice but I do not know why they say that I have a credit score equal to 0 while TranUnion says my credit score is 670. Yes i live in Denver

There is an "auto enhanced" credit score that puts more focus on your car payment history; if you do not have one in the US, I can understand why the score could be that low.

alielkamel

Yes I do not have this Auto credit yet, it's my first car purchase, can you tell me how to improve this car credit in the USA?

Michaell

alielkamel said:

Yes I do not have this Auto credit yet, it's my first car purchase, can you tell me how to improve this car credit in the USA?

Other than having an auto loan that you pay on time, I do not know how to improve that score.

You may have to settle for a used car, at first. Does your wife have an auto enhanced credit score?

alielkamel

okay Michaell thank you for your advise .