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Volkswagen Jetta Wolfsburg
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Comments
This car has incredibly steep depreciation...when I looked into it some more, I saw that the Yahoo message boards are full of "Great car, but worth about 10k less after two years."
Honestly, I'm not trying to provoke a fight, or even imply that I am in any way a car whiz, but...the depreciation on this car is incredibly bad. I have owned two VW models, and they held their value pretty well. I have no idea why this model doesn't. That, and the somewhat harsh ride are keeping me from signing on the dotted line.... :confuse:
Of course, if you get 0% for 36 months that is probably costing VW around $2000. So maybe you effectively would pay around $18K ($20K plus $2000 savings from 0%) and trade in after a year is around $13K??? So maybe it's $5k depreciation?
Fitzmall has a couple of these listed with internet price of about $3K off MSRP.
Of course I was not paying MSRP.
This is a limited production model with an even more limited amount of buyers. Depreciation, no matter how you make up numbers, is very steep.
Pass.
basis. Its also nothing that shows itself incredibly well either, but I know the issue is there and that its not entirely normal.
So, I will just drive it, deal with it. If it happens to show itself more, than I will show the dealer. I also know that I won't hold on to the car for the whole lease. But, doing so will force me to wait at least 2yrs in, then values and numbers will be much better for a way out. So less than a year, I could have a better chance.
They won't let you out, but they will honor the warranty, and if they want to do that, then I will use that in every way I can... such as rentals and any issue I have. Let them eat the bill. I have run up at least $2k bill I am sure with minimal issues already, including rentals.
This is their problem, their car, I only lease it. Let them do it.
That is not to say that the "lemon law firm" will not be happy to charge you some fees to argue this. As for buying the car, I don't know that the fact that you had a couple repairs means that it is destined to continue to have other problems.
There is always the option to buy an extended warranty. I don't think these make financial sense myself, but up until 4 years and 36,000 miles I had the option to buy one from my credit union for our Jetta, with coverage comparable to mfr bumper to bumper warranty. To go 4 additional years and to 80K total miles was $2241 with 0 deductible or $1911 for a 100 deductible. So I could have eliminated the risk of high repair costs during our first 8 years of ownership for about $2000.
Like I said that was not a deal I wanted to take, but if the alternative would be to trade cars at 4 years, paying the $2000 for the warranty would likely be a much cheaper option. This figure also tells me that the warranty company (who is planning to make a profit on these deals) is expecting repairs to be quite a bit less than $2000, on average, over the next 4 years and ~40-50,000 mi.
http://www.vw.com/myvw/yourcar/maintenance/findschedules/en/us/