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2013 and earlier Volkswagen Jetta Lease Questions
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$358 per month
D.A.S. just motor vehicle fees
15k per year.
includes recent college grad program VW pays first months payment.
MSRP 24,135 includes mat kit and net kit.
SP $22,000 after $1000 VW incentive money
VW has a total of $1000 available toward a lease + college program..
On the 2010 Wolfsburg, the 36 month numbers are .00236 and 61% and the 48 month numbers are .00270 and 54%.
This month Volkswagen is providing a $500 cash incentive on leases of the '10 Jetta through its captive finance company.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
My wife got a quote (they said) at $1,000 bellow invoice and the money factor somewhere at 0.048, which I thought it was extremelly high.I may be looking to go through a different bank (Chase,Wells) for better lease programs.Her payment came up to $327 (tax oncluded) for an `09 Jetta 5C SE (no GPS),but well equipped othewise (sunroof,6CD,heated seats).We`re in thr Bay Area (CA).
All replies will be much appreciated.
Do you know if the program for the 2010 Wolfsburg Jetta (DSG) changed for October? Is there a cash incentive for leasing?
If there wasn't a change in the program, it looks to me like it might be a much better deal to purchase instead of lease. Do you know if there is 0% financing for 36 months for the Wolf?
Thanks for all of your help. You have been a great resource over the years.
Does this sound like a pretty good deal?
Still trying to get the money factor (buy rate) for 15K miles/year,since I`d like to decide if it`s worth to get the higher miles upfront or to pay for the overmiles at the end ($0.20/mile). Anyone did the math on this one yet?
Thank you.
I leased on OCT 2, so this is academic, but there was some confusion about incentives in Sept. Someone here said there was a $500 incentive, but Consumer Reports, which I have always found be be reliable, says NO incentives on the 2010 model.
I started with my 3-year lease of 09 Jetta SE a month ago. 0 down with 274/mo for 36 month (everything included). But I lost my job last week and I have to leave the country in a month. I know I am in serious trouble because the dealer told me I need to pay over $6000 for them to buy out the car for me. I think this is ridiculous but I don't know what else I can do. Can anybody give me some advice? I am hoping to limit my loss within $2000, but I know I have to get rid of it quickly. If this post is inappropriate here please let me know. Thanks
Get a good sale price first, get all the incentives applied, and do a $0 down deal.
You'll be surprised to see you can get a decent deal and be where you need to be.
Remember for every $1,000 you put down it equals about $20-30 off your payment.
So its not too much. Either choose to have that money in the bank, or dump it into a car that is not even yours, doesn't go to the principal if you opt to own it later. Who knows if you want out later on.
Good Luck, never take the first deal.
please email me directly at jingo1@gmail.com
thanks.
Car_man
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As far as cash incentives go, Volkswagen is currently providing $750 on VW Credit leases of Jetta Sedans with automatic transmissions and $1,250 Sedans with manual transmissions.
This car's special financing rates are 0.0% for up to three years, 2.9% for four years, and 3.9% for five years.
Car_man
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Volkswagen is currently providing a $750 cash incentive on leases of Jetta Sedans with automatic transmissions and $1,250 on Sedans with manual transmissions.
VW is not offering any loyalty incentives that I am aware of on this model right now, but it doesn't hurt to ask the dealer if there is any.
Car_man
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This comes to a lease price of 20150, while the MSRP for a standard SE is $22410.
Can I negotiate a better deal and get the interior that I want. I know I should negotiate the whole price of the vehicle. Furthermore, I have fair credit and need a monthly payment under 300. Do i have to put that high of a down payment ($2699)?
Remember that for every $1,000 down, it only removes about $20 or so off your lease payment. It does not go to the principal, only to a "pretty" payment. Always, start off a lease deal with $0 down.
I do believe the leatherette does come standard with the SE. Nice part of about this, is that it wears extremely well. Getting the SEL(the top of the line Jetta) is more tough, not necessary, and would push you over your payment request.
Before signing anything, make sure you see the cost of the car, no hidden fees, dealer fees, etc. I currently lease an 08 Jetta SE. You will love the car!
Good luck, and one tip for ya, Take it slow when doing any deal. Its your money and it will be your car. There are other dealers out there. I think if we all slowed down, and looked at the deal realistically, we would be much happier. But, the have to have the new cars looking all shiny and new. It gets the emotional side of us all. :shades:
I did some research and there is 500 bonus cash and .00107 money factor for 2010 SEs for those who qualify. He already lowered the price to 800 under invoice....but he is talking like it is either or. Like, I can't get the price he quoted me PLUS the 500 cash back. Is this correct?
The dealer has not run my credit yet, but he says i will qualify for the .00107 money factor with "Tier 1 credit", and that would bring my monthly payment to $307.
I am doing calculations on my own, and getting slightly lower numbers for monthly payment. I am entering 51% residual value and using an online calculator.
Can the dealer be fudging with the residual value to get the higher monthly payment?
I'm not wanting to rush to the dealership and sign just yet, but I think i'm getting close to a good deal. Please help! Thanks!
I fairly certain that upon working a sale price, this will include all incentives too. Make sure you see that you are. The incentives are done through VW, not the dealership. This payment is more than I am sure you were looking for, but not by much. Considering you are keeping a nice chunk of change in the bank, while driving away with a new lease.
In fact, ironically, I was only a $1 more on my currently lease than my last lease before it...I ended up getting $25k car for a bargain, many incentives, lowering the price of the car. Of course now, you'll be hard pushed to find deals like that again.
You are pretty much there, If you can get $307-318, then do it! Do the math, its really not much more than you wanted anyway.
15k x 1yr for 36mo.
280 a month
1500 down
all taxes and dmv fees included
is this a good deal or can I do better?
residual is 58%. And my interest rate is 9.9% becasue they say my credit is tier-3. Also they told me that i pay interest on the total sales price not just the portion I am financing. Does that make sense to anyone?
I have been at 3 dealers this week and cant seem to get a deal like you guys are posting on here.
PLease share what you know.
MSRP was 22,500, but sales price was 20,500.
Residual was 51%
They would not tell me the money factor but I am tier 3 credit level
Monthly payment quoted to me was $450
Am i getting scammed here? Is it because i'm a girl? what you think?
Yes, they are so scamming you. How are they getting a $450payment? You can get a car that is $30k for that price. You can get a Passat CC for that kind of payment.
Plus, this car is a demo, your sale price looks okay, but where in the world are they getting this payment? I would have laughed so hard. Heck this is going right into Audi territory. Like an A4.
If they are not willing to help you out! Don't take their crap, walk right out and go somewhere else. Get a sale price, $0 down.
oops? you getting a loan on the car?
I was told its becasue my credit is tier C and the money factor tripled. Plus I have about 1000 neg equity on my trade. But still, I thought 450 was steep and unreasonable.
Let me ask you a question, when you lease, do you pay interest on the entire sales price, or just the amount you are financing? I was told the interest is applied to the entire sales price paid out over the 36 month term.
So my interest would be based on $20,500 and not the $10,250 that I am financing. Casue the residual is 51%.
I did not have time to do a good negotiation on lease terms, so just wondering how badly they got me. I do have tier 1 credit
Wound up with .00194 moneyfactor and $595 acquisition fee
How much should these have been? They did tell me they could do much, much better on Jetta sedan, but this was first '10 non-tdi wagen they got in and had only been on lot for a week, which I do believe from monitoring dealer inventory in my area for the past few weeks
Our negotiated price on car was $1100 lower than sticker, so I expected them to try to make some back on the lease terms, but not sure what is norm.
Thanks for your insights
Do you have the November residuals and MF for a 2010 Jetta Sportwagen TDI?
36 months, 12K/year.
Thanks!
Thanks!
Car_man
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Car_man
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The numbers for similar leases of other trim levels are as follows: .00097 / 54% for the '10 Sedan SE, .00151 / 54% for the '10 Sedan SEL, .00012 / 44% - '09 Sedan GLI, .00057 / 48% - '09 Sedan S, .00028 / 48% - '09 Sedan SE, .00028 / 48% - Sedan SEL, and .00113 / 50% - Sedan Wolfsburg.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks in advance for any help. Also, please know that I don't mean to offend, I just wish to look behind the curtain from time to time!
Vehicle price of $21,700, which is itemized as follows:
$20,348 base invoice price
$750 destination charge
$165 protective mats and cargo cover
$230 SCVDA fee
$182 Full Fill something or other...
$25 Port Prep Fee
Add to the $21,700 vehicle price a $575 Acquisition Fee and $367 License Fees for a Gross Capitalized Cost of $22,642.
Money Factor = .00097
Residual value = 57%
Monthly payment including tax = $337.71 with zero down payment. VW pays first month's payment.
Is this a fair deal? I think the fees for SCVDA, Full Fill, and Port Prep totaling $437 are dealer fees that I should try to negotiate to be removed. It might be what Consumer Reports calls "Dealer Holdback" which should be deducted from the price.
Any thoughts or advice are greatly appreciated. Thank you!
Thank you for your post. It is very helpful!
I asked for 10K miles because I don't drive much and I thought it would get me a lower lease price. If I get 12K miles won't that change my money factor and residual and increase my payment? Is the money factor and residual the same for 10K and 12K miles?
I don't know what tax is in Illinois but in Los Angeles it is 9.750%.
I don't have to put any money down, but I was thinking of putting down the $575 Acquisition Fee and $367 License Fee.
Do you know what your sister paid for the Gross Cap Cost/Adjusted Cap Cost?
Any further information you have would be greatly appreciated.