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2013 and earlier Volkswagen Tiguan Lease Questions
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I went to a south NJ dealer and they told me while the MF is .00133 the residuals are now 44%. With $1500 down for an MSRP of 28,875 the sales price would be $26,300 including the $1k VW incentive. He then came up with a price of $453 per month. Did the residual go down that much and isn't that monthly quote riduculous? Any dealerships out there who negotiate in good faith.
I recommend you set a comfortable price for yourself that you would be willing to pay, subtract $10/month off of it, and tell the dealer that that is what you were offered and what you're willing to pay. If they want your business they'll come back with a reasonable counteroffer, hopefully within the range of what you're comfortable with anyway. That's what I did and got a decent deal from the first place I walked into. You decide how much you want to pay, and let them figure out how to price it with the money factor, residual, etc. Count your money, don't count theirs.
I just read in the WSJ that on average, VW has 115 days worth of inventory on hand so you would think they want their product moved..no dice for me..I am so disappointed b/c I have only until 5/31 to pick up a new car...
For example, I could have leased a Passat Komfort for cheaper than the Jetta. The Tiguan was leasing at a better deal then too. Not less than the Jetta, but was decent.
They really to offer some deals. Get the deals going, get the cars moving.
Now is not a time to hold back!
In fact my dealer wants to sell me a new car, however, I still need to transfer my current lease first.
Bottom Line: I have no idea how these VW dealerships stay in business b/c they refuse to move cars...Also, I can't justify to myself paying $450 a month for a VW that I could pay a little more for an Audi A4.
Possible to be closer to $400, $0 down. on an SE with a sunroof.
Do you think I am able to get a lease for under $400 a month $0 down?
Hi Todd!
Tiguan SE with the Panorama Sunroof and the 15K miles Per Year 36 Months Lease is:$ 459.73 Including Tax total.That is the Best number and there is no room to give you any less than that.Thank you
And that no. includes $1500 down. If you only need 10k per year maybe you can get something closer to $420 w/leather.
The lowest offer I got was $445 but for those nos I am better off with an Audi A4.
I got a quote for a 36mth/12k lease on a Tiguan S automatic with. MSRP $25,050. for 352+tax. monthly , Net cap = $22573 (includes $575 Acq fee)
lic and doc fee extra ($812.00).
Money factor is 0.00133 and Residual is 46% !
Is this a good deal in Northern California?
Car_man
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I suspect that you will be able to negotiate a lower selling price than $34,500 on this car. After then $1,000 cash incentive that is available on leases of it is taken into account, you're only getting a $500 dealer discount.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I guess I waited too long thinking prices will be better in July, instead for a 12K miles 36 month lease on a Tiguan S the residual dropped from 46% to 45% and the money factor increased from 0.00133 to 0.00173
So this is the best deal I could get
Tiguan S with 17" Alloys and Bluetooth
MSRP: $25775
Purchase Price: $22175
Acq fee: $575
Capitalized cost: $22750
MF: 0.00173
Residual: $11598.75 (45%)
Monthly: $369.18+tax
I am debating whether or not to take advantage of the VW offer of reducing the MF by leaving a security deposit. For each $400 put down as security the MF reduces by 0.00008 (max $4000). I figured if I use the max $4000 the money factor would drop to 0.00093 I would save $1000 on finance charges over 3 years. Not bad return for $4K investment.
What are the risks associated with leaving a huge security deposit?
Thanks
Car_man
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Car_man
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I contacted VW credit and they said in the event of the vehicle being totaled the only way I would loose my security deposit is if the insurance company did not cover the whole loss. I have added GAP insurance for a few dollars more to my policy to make sure that does not happen.
I went ahead and pulled the trigger on the deal and I love my new Tiguan, absolutely no buyers remorse, it is a great car.
Thanks for your help.
bestdeal42
Car_man
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This little unique SUV caught my eye and I was interested in finding out some information in regards to lease prices.
I was in a dealership the other day and for a base model, AWD, whithout any details or paperwork the salerperson quoted me a price of around $430/month.
I do not know for how many months / what kind of miles, what kind of price he used, etc. (I am guilty of not asking).
However I did not expect the price to be so high. I was looking for something around $300 - $350 for a Type S.. so the price was a bit shocking...
If anyone has any latest MF or prices they've paid for or any latest info on Volks' lease specials.. I would appreciate any info...
:confuse:
The money factor for a SE 4Motion 36/12K without panoramic roof was at .00195 and they were trying to get a total cost after tax of $499 a month. Inceptions were about $1200, although I didn't even bother negotiating.
The MSRP was somewhere just north of $30 and the price of the car was $28,800.
For that price, I just don't think it's even close to worth it. I look at the car and think it's worth about $400-$420 a month all in, but that's just me.
I am waiting out a deal to come across for this car. As of today, there is a special lease offer posted on the VW's website:
Lease a 2009 Tiguan S for $329.00*/Month. 36-month lease. $3,299.00 due at signing. (Excludes title, tax, options and dealer fees.)
I am looking to get the SE 4Motion model with sunroof and navi. Does anyone know if I can find a better deal, compared to the one which is advertised? Something like $400.00 all into payment ?
I'm wanting the below:
SEL
Navigation
Sunroof
Rearside Airbags
Bluetooth
I'm going to shoot for a 2 year lease with 10,000 miles, but don't know if that's possible.
According to Consumer Reports (I haven't checked here yet) MSRP is $36k and invoice is $33k with a $620 holdback. I currently have quote requests out, and got a quote back in July, but wasn't able to act on it at the time. I know I have good credit, but that doesn't mean much these days.
Thanks!! You might see me asking something similar on the LR2 forum too.
Car_man
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I don't believe that VW is currently providing support on 39 month leases of this truck.
Car_man
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Can you pls supply money factor and residual for a 36 month, 2009 or 2010 Tiguan SE with 12K and 15K miles per year respectively?
Thx.
The money factor seems high to me. I'm suspicious, I'd like to have this money factor confirmed if possible.
I leased a SE/w/leather today, 28K MSRP, 10K miles/year, 36 mo, with (almost) 0 down, wear n tear(covers up to $5K for $585), %6 tax included $395/mo.
$1650 out of pocket for TTT + dealer + first months payment+$300 for the excessive wear n tear.
I am a happy camper. Now we have a CC sport + a Tiguan SE/w/leather for under $800/mo with just inceptions and change, no maintenance costs for 3 years, just pump the gas n go in style. No worries on excessive wear n tear either.
I am loving the CC more and more every other day. Today I found out that the adaptive headlights are awesome... How did I drive without that before, lol
3yrs ago i went into leasing blind, for a CX7, which i put about 2K down plus tax, inception and whatever else they asked for... since then i've been hearing putting down money on a lease is stoopid...
i got an internet quote for an SE 4Motion, w/no options for $419/month, only tax inception down.
1. is this a good deal?
2. what are all the numbers i need to know and understand, so i can go in and sound educated?
3. how does the sticker price/MSRP and dealer cost factor into their calculating the lease cost?
4. what can i use to bargain with? i do at least want the sunroof so i figure i can use that
any guidance, even if its to a link to a better thread, would be appreciated!
thanks,
cs
1) Research the invoice price. Include ALL options at invoice as well.
2) Find out the dealer incentives/holdback for the time period you are going to buy, edmunds does this to some degree, the consumer reports guide for your model is also very helpful but costs $14.
3) Subtract the holdback from the invoice. This is where you START. Realize at this price the dealer makes little money, you're going to have to give them some of the holdback likely. How much depends on how desperate they are to sell you the car. Invoice is $24,540 on a 2010 SE 4 Motion with no options. Current incentive is $750 for eastern US customers. I can't find the holdback for this month. Letting them keep $200 of the holdback is fair, and a good counter. If you really want the car, consider splitting it, you'll still be under invoice. In your case $23790 would be invoice minus dealer cash. Again, there probably is a holdback as well this month.
4) Once you have negotiated the selling price, tell them you want to lease, in your case to get the $750 you have to use VW credit, so you could be upfront about that to get to the sell price. Realize the selling price is by far the most important number in the deal.
5) Double check that the money factor and residual are not inflated. These are set by VW USA, but some dealers may choose to mark these numbers up to make more money in the deal.
6) Check every line of the lease offer, most of it is negotiable. There will be an acquisition fee of $575, and doc fee of $299. Can't really do anything about those. EVERYTHING else is there is pure dealer profit. Don't fall for scams like glass etching, pin striping, window tinting, detailing, etc. Insist on none of that. If they charge a fee for them to go to the DMV to register it, tell them you'll do it yourself. If they charge for the full tank of gas, tell them to deliver it on E. If they offer 'extra' service at 5000 and 15000 miles, show them the VW recommended service schedule. This is a lease. You don't care about long term reliability! Don't buy gap insurance without a long discussion with your own auto insurance policy. All of these things are done by the finance guy once your deal is "done" with the salesman. The finance guy is the biggest slimeball in the dealership, so go in prepared for war. Fall for nothing. Acquisition and doc fees only!
7) Once you've survived the dingy back office of the finance guy, you'll have a number, your monthly payment. You will, of course, already know this number because there are multiple lease calculators online. They are worthless unless you know your MSRP, selling price, money factor, and residual.
8) In general, you should put no money down on a lease. Car companies put out huge ads in the Sunday paper showing how you can lease a BMW or Porsche for $400/month, but if you read the fine print it is usually with about $8000 down. VW does this too, you'll see the Tiguan for $99/month. With a lot down. Don't do it. Take that money and put it in an index fund for the term of the lease. Heck, buy Google stock. Anything but give it away to VW.
Thanks very much in advance.
A big point about the holdback though is that, like anything, it's not that simple. There are still volume discounts and other incentives that only the dealer knows. So if there is a $5000 bonus for selling 20 Tiguans in a month and they have sold 19, you can get into a great deal, but you will never know that info nor will they disclose it.
In any case, your best starting price will be invoice minus incentives minus holdback. Shop that price around and then make incremental steps upward.
VW holdback is 2% of the base MSRP.
msrp 26,025
sale price 24525
cap reduction (2k down-$992 will go to fees and $1008 for cap reduction)
residual value 14,313
money factor 0.00181 (az tax is 8.1%)
I came up with $323/mo inc tax DEALER offered 349/mo
DID I DO THIS CORRECT???
39mo lease
If you were to lease either of these trucks with only 12,000 miles per year, their residuals would be 2% higher.
Car_man
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I calculated this payment with zero down because it is in your best interest as a consumer to put as little money down as possible when leasing.
Volkswagen is not currently providing any cash incentives on leases of this truck in your area.
Car_man
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Thanks for your time.
The numbers for an otherwise identical 39 month lease are .00131 and 46%.
Car_man
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