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2013 and earlier Volkswagen Jetta Lease Questions
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Comments
You need to be careful, I would keep your cash, and just use the trade. But just think you are trading your car and giving $2,000, only down to $250. Though nice, not a good reason to me to do that. Keep your cash, work on the deal more.
$4,000 total cash towards the deal, does not affect your principal, but really doesn't help the payment all the well in my book. Just do the trade, easier for you, besides in this time of desperate money, hold on to it. Use it towards a savings, retirement, instead of a car, that your going to only have 3yrs. You with thank yourself later on. You really will If you are like me, I only keep my car 2 years give or take, so putting money down would be a waste. Much better of a reason than to bring your payment only to $250. $1,000k only gives you are $20 or so off your payment. Remember to know what your sale price is... Very important. Its only a lease!
Good Luck!
What??? Check the carbon monoxide levels in your home dude. The Pontiac G8 can do 0-60 in 5.3 seconds. The 200HP VW Jetta Wolfsburg barely cracks 7 seconds. Maybe 6.9 seconds on a good day. A MazdaSpeed3 can bury any model VW at only 5.3 seconds 0-60. Heck, according to Edmunds, a 4,300 pound 2009 Ford Edge can do 0-60 in 7.1 seconds and that's with an automatic transmission. What would make you think a Jetta could do a 4.8 second 0-60? Where are you getting your facts?
By the way, if you were talking 1/4 mile times it's even worse news for the Jetta. The G8 does 1/4 mile in 13.6 seconds. The Wolfsburg 15.5 seconds.
Could you tell me the Money Factor and Residual for an '09 Jetta SportWagen SE lease (10k miles/yr)?
From your other posts, I'm guessing .00139 and 57%? Is that correct?
EDIT:
Also, does VW Credit charge an Acquisition Fee?
And, what about GAP coverage?
Thanks!
Gary
To reiterate model specs and lease reqs:
2009 Jetta SportWagen SE
24 or 36 months
10 or 12K/yr
Does VW Credit charge an acquisition fee?
Is GAP included, do they charge add'l for it, or can I add it thru my insurance company?
Thanks in advance! Great forum! Great resource!
Anyway, this is the lease deal offered:
Jetta SportWagen SE 36/mo 12K
Price: $21,259
Acq Fee $575!!! (Is this legitimate?)
Tot Cap Cost $21,834
A $1000 rebate (so, no money out-of-pocket) is going to:
DMV: $246
Doc: $45
Cap Red $349
1st Mo $327 (incl $25tax)
Tax Upfnt $33 (Sales tax on what?)
$302 plus tax ($327 total) per month
It seems high to me. How does it look to those in the know?
Also, has anybody else paid a $575 acquisition fee for a lease from VW Credit, or is this a BS charge from the dealer?
Thanks in advance!
Our new Jetta SportWagen SE is far from a basic car. It may only be $20K. ($20,259, actually). But, it is quite well-equipped, including premium sound, satellite radio, hands-free bluetooth, alloy wheels, and leather wheel and handbrake.
We've had Toyotas and Acuras. We prefer VW's. (And, btw, my wife is Japanese.) Our new Jetta, and our current Passats, are smoother, quieter, and better-looking than any similarly priced Japanese sedan from recent years.
In fact, we did look at a Toyota Matrix, the most similar Japanese model to a Jetta SportWagen, and it didn't come close in any area, despite a HIGHER price tag than the Jetta. It was noisier, smaller, and had a hideous, poorly designed and constructed interior. We were constantly aware that we were in a low level economy car, almost toylike. The Jetta feels like a real car.
So, quite frankly, I don't understand why people would choose an ugly, plasticky, whiny econobox, when, for about the same price, they can drive something in an entirely other class. But, that's me. I also can't imagine a fully loaded mid-trim Altima 36 month lease for $300 with $0 down. (Base model, perhaps. But, even their $199 39 month base model lease has a $2800 down payment.)
FYI to you, "leather" in a VW means "fabric coated with PVC plastic," aka Leatherette. Also, the Altima I was referring to was a 2009 2.5 S with SL Package and nearly every optiion except Technology Package. MSRP $27,395. It has all the options you mentioned plus many, many more including steering wheel controls, speed sensing wipers, more horsepower, better fuel economy, more passenger volume (9 cu. feet more), more cargo volume, better depreciation, and a Bose stereo. Plus, it actually has real leather made from cows. Not the encyclopedia covers your seats have.
Really though the reason why I initially commented on your $330 a month lease was because it is ridiculous to lease a car for $20-$30 less per month than you could've PURCHASED it for. Why spend almost $12,000 over 36 months to LEASE when you could've bought it outright and only owed $7,700 on your loan after 3 years. If the car is so great why not buy it?
But, it seems you do not completely understand how leasing and/or financing the purchase of a new car works.
If I buy a $20K car, I have to pay sales tax on $20K. If I lease a $20K car with a 46% depreciation (54% residual), I only pay tax on $9200 plus the finance charge.
If I buy the car, I have to pay a finance charge on the entire amount. (including sales tax, if I go with no money down.) Currently, the lowest rate I've found is 3.9% for 36 months. If I lease, I pay a Money Factor of .00150, or 3.6%, on only $9200.
Let's take the actual car in question, a SportWagen SE from my local VW dealer:
If I buy, the OTD price is $22,318. A 36 month loan at 3.9% would be $657.92/mo for a total of $23,685. (Interest is $1367). If I lease at $327/mo for 36 mos, my total is $11,772. That's a difference of $330/mo, $11,913 total. (A 48mo loan at 4.9 would be $513/mo w/$2300 in interest for a total of $24,618, and 60mo at 4.9 is $420/mo with a whopping $2,900 in interest for a total of $25,218.)
I'm not sure where you got your "$20-$30 more to purchase it" from. But, you might wanna check the batteries on your calculator.
BTW, I didn't say the car came with leather seats. I said leather steering wheel and handbrake.
If I can get an loaded altima as described by stoopy for $0 down for around $300/$320 a month, I'd consider the altima for sure. My payment for the 2006 jetta was $325 a month for 36 months/15k miles a year with 0 down. If i can get the same payment/miles on the loaded altima 4 cylinder, I probably would go that route.
To me, the leatherette seats are just fine-- they're heated. Not a big deal that they're not leather. Jetta has a great center armrest too..awesome adjustment. Not crazy about the legroom- right knee tends to rest again the center console.
I prefer sirius over XM, even after the merger. I think both cars deal with sirius.
Using monthly payments to compare the value of 60 month loan to a 36 month lease is ludicrous. The fact that you look at monthly payments vs. the total cost of the car tells me that you don't understand auto financing, and are probably the kind of customer a salesperson loves. Are you going to pull out a four-square now?
And, if you can find a SportWagen SE for $18K, you should jump on. Oh. That's right. You don't like vinyl seats. (BTW the invoice is 22,330 w/dest and options, so the $20,259 selling price I got is reasonable.) If the lease was based on an $18K selling price it would be even less expensive than the $327 I was referring to, wouldn't it? So, even more of a better value.
You may hate VW's, or prefer Altima's. That is great. I prefer Pepsi to Coke. But, it is a moot point in this discussion. You are simply wrong about comparative costs of leasing vs. buying.
Anyway, I gotta go find the Jetta Leasing and Buying Forum. I mistakenly wandered into the Altima vs. Jetta Forum.
Assuming from your post that you actually NEVER rode in new Altima, and you CAN"T imagine a $300 a month for MUCH better loaded car compared to Jetta wagon, and taking in consideration my own experience with both VWs and new Altima, I took a liberty of posting a reply in hope that I'm being helpful. Apparently not, and I apologize for that. If you need a wagon, and won't consider a sedan, thats entirely different story, but please dont come stating that there is nothing nice compared to Jetta wagon for the price. There is, and as it appears, you CAN get MUCH BETTER loaded car for LESS money than Jetta Wagon. But then again, if you're so into Jetta, much luck to you in getting one.
Gary-
You were the one who originally asked "what we thought of a Jetta Wagen for $330 per month." Sorry for giving you my most honest and sincere answer. If I thought you wanted me to blow smoke about how AWESOME your deal was, I wouldn't have even responded. Next time you need your car dealin' VW ego stroked, don't post your rhetorical questions here.
I happen to have an 08 Pontiac G6, not really what I wanted, but I have grown to appreciate it and actually see why others happen to like it. Would I prefer to be in a Honda or VW? Of course. ..lol. but the worse possible scenario would be that I wait until I turn the car back in.
Some people seek a certain feeling the cars gives you.
Lease what you like, I had the issue with asking other people what they thought of the cars when I test drove them, when really, its about how I like them. If it feels right, then do it. Its my choice, my money.
Anyway, back on topic......My dealer has alot of Jetta SEL, I would love to get the Jetta Wolfsburg. There is this red one here in town, with tinted windows, that car is hot!!
Selling Price: $22,750
(this has added in the inceptions: first payment, acquisition fee, tag etc of $1,452.62 so it would in reality be $21,297.38)
Residual is 50% and the money factor is .00178
and...
$23,095 MSRP
$21,887 Selling Price
$1,000 Rebate
60% Residual
$13,857 Residual Value
0.00178 Money Factor
I am thinking that the first quote must have the residual wrong. I don't know. I am just wondering what the new numbers are from VW for Feb. Also I am not sure what the 1000 rebate is in the second quote. They second quote is bout 500 under invoice I think. Should I haggle a little more...or good deal?
I'l looking for 2/24 and 3/36 numbers at 10k miles/yr
Thanks!
can I get residual and mf's for the following
2009 Jetta wolfsburg automatic transmission
24 months 24k miles
27 months 27k miles
36 months 36k miles
Thanks!
'09 Wolfsburg
Manual / Tail Fin / Trunk Liner
35 Month / 15k miles
$0 out of pocket
$790 back for last 2 months of my current lease
$338 a month.
Is that a good deal? Basically they quoted me $10 less a month if I make the last 2 lease payments myself (so they are giving me 790 for about 350)
Thanks!
Anyone else noticing this trend?
Volkswagen Credit charges a $575 acquisition fee on every vehicle that it leases. I believe that it includes gap coverage at no additional charge.
Car_man
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VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Jetta SEL Sedan with 15,000 miles per year are .00119 and 55%, respectively.
Car_man
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Volkswagen Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Jetta Wolfsburg with 12,000 miles per year are .00178 and 67%, respectively. The numbers for an otherwise identical 30 month lease are .00178 and 61%. The 36 month numbers are .00178 and 60%.
Car_man
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VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Jetta GLI with 15,000 miles per year are .00105 and 52%, respectively.
If you choose to finance this car instead of lease it, you can do so through VW Credit at 3.9% for 3 years, 4.9% for 4 years, or 5.9% for 5 years.
Car_man
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Depreciation Fee + Finance Fee + Sales Tax = Monthly Payment
Depreciation Fee = ( Net Cap Cost – Residual ) ÷ Term
Finance Fee = ( Net Cap Cost + Residual ) × Money Factor
Example Calculation Using the Leasing Formula
Let's assume you've decided on 3-year (36 month term) lease of a VW TDI that has a sticker price of $24,600 (MSRP).
You've managed to negotiate the price down to $23,000 (Cap Cost). You decide not to make a down payment, but you have a trade-in worth $5000. Your Net Cap Cost is therefore $23,000 - $5000 = $18,000. (You would also have to add in the acquisition fee, they forgot. Then you would have the Net Cap Cost)
Now, the dealer tells you that the Money Factor is .00375 and the Residual Percentage is 60% of MSRP. So your Residual amount, in dollars, is .60 x $24,600 = $14,760.
Depreciation Fee = ( $18,000 – $14,760 ) ÷ 36 = $90.00
Finance Fee = ( $18,000 + $14,760 ) × .00375 = $122.85
Monthly Lease Payment = $90.00 + $122.85 = $212.85
Depending on your State you would then add sales tax to your monthly payment, ($212.85 + TAX RATE%) OR you may have to pay it upfront. Depends on where you live. Same goes for DMV, title, tags, what have you. In my state we pay sales tax on on monthly payment and title, tags, at DMV when we register it within 30 days.
The other thing is, now I'm looking at the Nissan thread and it seems I can get an Altima (2.5SL) with a few more standard features with a MSRP that is higher...for less a month...
I hate that VW got rid of Climatronic and automatic front seat because I love those cars...ugh...
If I picked the Jetta, it would be the Wolfsburg! Or the GLI, but the Wolfsburg has great bang for the buck!
Is this a come on?Would not buy a VW after this kind of treatment.
I'm looking to lease a fully loaded Nissan Altima 09 Sedan ( 2.5 SL + Connection and Convenience package ) in the Florida area 36-39 months, 12-15,000 miles, zero down. As of this date, any idea what the monthly payments should be? Thanks !
with Navigation
335 per month, 675 down (1st month payment plus fees)
without Navigation
299 per month, 640 down (1st month payment plus fees)
Two questions: How much better can I do, and is the navigation package worth the extra 36 bucks a month?
12000 miles/year
Zero down
Sale price 21,213
Cap Cost 22,451.12
292.10 per month
Did all negociating over email.
I'm interested in leasing a 2009 Jetta Sportwagen and am looking at both the TDI and SEL. I'd like to know VW Credit's March money factors and residual values for both a 10,000 mile and 12,000 mile 36 month lease.
Thanks!
If it has taxes in them it makes me want to lease another Jetta when my 05.5 Jetta is off lease in May.
I wasn't able to pull the trigger on a new wolfsburg jetta last month. Can you tell me if the 24 month 10k/yr numbers are still 68% and .00178? Thanks
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