2015 Volkswagen GTI Lease Questions

cb4d1 · September 2014

Current offer on a 2015 GTI SE DSG:

MSRP: 30265
Base Cap Cost: 28600
Acq Fee: 625
Adjusted Cap Cost: 29225
Money Factor: .00157
@ 12k a year 59%
$ Down: Fees and First Payment = 837.74 ( 424.79 plus 288.00 ( lic ) CA Tire Fee 8.75 Doc Fee 80 Eff Fee ( dmv ) 29 upfront taxes 7.20
Payment: 389.72 plus taxes 35.07 = $424.79

This look good?

Michaell · September 2014

cb4d1 said:
Current offer on a 2015 GTI SE DSG:

MSRP: 30265
Base Cap Cost: 28600
Acq Fee: 625
Adjusted Cap Cost: 29225
Money Factor: .00157
@ 12k a year 59%
$ Down: Fees and First Payment = 837.74 ( 424.79 plus 288.00 ( lic ) CA Tire Fee 8.75 Doc Fee 80 Eff Fee ( dmv ) 29 upfront taxes 7.20
Payment: 389.72 plus taxes 35.07 = $424.79

This look good?

My numbers match yours ... if you're comfortable with the selling price, it's a pretty good deal.

robromo · September 2014

Hey guys, I got a few questions. Just went to a dealer today to look 3 hatches - turns out I fell in love with GTI (with originally I thought was the bottom of the 3 on my list) ANYWAY.. I am not looking to make a purchase/lease until 3-4 months - my car I have now is approaching 200k but working fine.

But when the time comes I see myself making my next car a GTI so I have some questions.

Without being biased/I Know it's different for everyone - for the average person is leasing it or buying it better?

I was hoping to pay around $250/month for a car - but now that I'm reading these numbers, that seems laughable, sadly

It seems even for the base GTI (S) at an MSRP of 25-26k it seems I wouldn't be able to even do $300/month?

Does it even make sense to lease? Or is it smarter to buy?

I wanted a sunroof - which means I would need to then even go up to the SE and thats like 28-29k! I don't even know if it's worth it anymore to go up more.

What would you say is the ratio of how much a car lease should be a month compared to a salary? For example, for a salary of 60k, with house rent being about 750/month I'm wondering if I can afford a GTI?

Anyone care to pitch in some numbers?

My current car is 2007 Ford Fusion with 196k miles and has some dings in it. Would that even get me a value for trade in?

Michaell · September 2014

robromo said:
Hey guys, I got a few questions. Just went to a dealer today to look 3 hatches - turns out I fell in love with GTI (with originally I thought was the bottom of the 3 on my list) ANYWAY.. I am not looking to make a purchase/lease until 3-4 months - my car I have now is approaching 200k but working fine.

But when the time comes I see myself making my next car a GTI so I have some questions.

Without being biased/I Know it's different for everyone - for the average person is leasing it or buying it better?

I was hoping to pay around $250/month for a car - but now that I'm reading these numbers, that seems laughable, sadly It seems even for the base GTI (S) at an MSRP of 25-26k it seems I wouldn't be able to even do $300/month?

Does it even make sense to lease? Or is it smarter to buy?

I wanted a sunroof - which means I would need to then even go up to the SE and thats like 28-29k! I don't even know if it's worth it anymore to go up more.

What would you say is the ratio of how much a car lease should be a month compared to a salary? For example, for a salary of 60k, with house rent being about 750/month I'm wondering if I can afford a GTI?

Anyone care to pitch in some numbers?

My current car is 2007 Ford Fusion with 196k miles and has some dings in it. Would that even get me a value for trade in?

So many questions, so little time

First, the decision to lease or buy depends on how long you plan on keeping your car. Given that your current car is approaching 8 years old with close to 200K on it, you seem more likely to buy than lease. Leasing is for folks who like to only keep their cars for a few years.

2015 GTI's are not leasing well at the moment, given the high MF (.00157, or 3.77%).

I'm not a personal finance specialist, so I'm not even going to touch the question of affordability or budgets. Only you can determine what you are comfortable spending for a car payment.

Your Fusion has some value to somebody, just probably not the VW dealer. If you were to pursue a new car, I think your best bet is to sell in privately. Check the "Real World Trade in Values" discussion for a better assessment.

herj · October 2014

Gentlemen, two questions: a) Do you know the values as of October for Money Factor and Residual Value in a 2015 GTI SE? (36m/10k). b) Is is fair for the dealer to charge Acquisition Fee ($625) & Inception Fees ($1540)??

Michaell · October 2014

herj said:
Gentlemen, two questions: a) Do you know the values as of October for Money Factor and Residual Value in a 2015 GTI SE? (36m/10k). b) Is is fair for the dealer to charge Acquisition Fee ($625) & Inception Fees ($1540)??

.00161 and 60%.

Acquisition fee is unavoidable. What is the breakdown of the other $1540 of inception fees?

herj · October 2014

1540 are comprised of first/last payments, plate (don't have one so ~400) & deposit. MSRP is 30910 and Negotiated price (including inception + acq fee) = 30530. Sounds about right... just want to be sure that I don't get into a bad deal! (SE w/Light package)

Michaell · October 2014

herj said:
1540 are comprised of first/last payments, plate (don't have one so ~400) & deposit. MSRP is 30910 and Negotiated price (including inception + acq fee) = 30530. Sounds about right... just want to be sure that I don't get into a bad deal! (SE w/Light package)

Last payment? I've not heard of pre-paying the last payment on a lease. Everything else makes sense, however.

Decent discount before fees, especially for a 2015 model.

herj · October 2014

Let me rephrase: it includes dealer fee, first payment, plate and deposit. Thank you very much for your comments!

mushtar · October 2014

Michaell said:

herj said:
Gentlemen, two questions: a) Do you know the values as of October for Money Factor and Residual Value in a 2015 GTI SE? (36m/10k). b) Is is fair for the dealer to charge Acquisition Fee ($625) & Inception Fees ($1540)??
.00161 and 60%.

Acquisition fee is unavoidable. What is the breakdown of the other $1540 of inception fees?

So the money factor is even worse in October than last month? After the horrendous numbers VW of America reported for September 2014, you think they'd be a little more aggressive with these leases.

Michaell · October 2014

mushtar said:

Michaell said:

herj said:
Gentlemen, two questions: a) Do you know the values as of October for Money Factor and Residual Value in a 2015 GTI SE? (36m/10k). b) Is is fair for the dealer to charge Acquisition Fee ($625) & Inception Fees ($1540)??
.00161 and 60%.

Acquisition fee is unavoidable. What is the breakdown of the other $1540 of inception fees?

So the money factor is even worse in October than last month? After the horrendous numbers VW of America reported for September 2014, you think they'd be a little more aggressive with these leases.

Nobody said that the finance guys have to make sense. I suspect they are making the 2014's more attractive so they'll get moved fast. After that, it's possible the MF's for the 2015's will come down.

mushtar · October 2014

What's a good acquisition fee? What range should it fall in?

kyfdx · October 2014

mushtar said:
What's a good acquisition fee? What range should it fall in?

The VW Credit acquisition fee is $625

mushtar · October 2014

Can someone confirm that the money factor went to 0.00165 as of this morning?

davela72 · October 2014

mushtar said:
Can someone confirm that the money factor went to 0.00165 as of this morning?

The MF should remain the same through the end of the month.

Michaell · October 2014

mushtar said:
Can someone confirm that the money factor went to 0.00165 as of this morning?

The MF for all trim levels of the 2015 GTI for the month of October is .00161.

fallingd0wn · October 2014

I see that the October MF is .00161. I'm looking for the residual on a 2015 Autobahn 36mo/12k. Thanks,

Michaell · October 2014

fallingd0wn said:
I see that the October MF is .00161. I'm looking for the residual on a 2015 Autobahn 36mo/12k. Thanks,

All GTI trims are the same ... .00161 MF and 59% for 36/12.

leom3 · October 2014

I'm looking at a 2015 GTI SE with the lighting package. $31300 after taxes and fees. They're offering a $488/month lease for 36/15k... Is this outrageous or is it just me? I haven't asked for MF or residual yet.

Michaell · October 2014

leom3 said:
I'm looking at a 2015 GTI SE with the lighting package. $31300 after taxes and fees. They're offering a $488/month lease for 36/15k... Is this outrageous or is it just me? I haven't asked for MF or residual yet.

Current 2015 GTI numbers are .00161 and 57% for 36/15.

We'd need to know the MSRP in order to model a payment.

leom3 · October 2014

Msrp is about 28500.

leom3 · October 2014

I take that back... 29500

Michaell · October 2014

Michaell said:

leom3 said:
I'm looking at a 2015 GTI SE with the lighting package. $31300 after taxes and fees. They're offering a $488/month lease for 36/15k... Is this outrageous or is it just me? I haven't asked for MF or residual yet. MSRP is $29,500.
Current 2015 GTI numbers are .00161 and 57% for 36/15.

We'd need to know the MSRP in order to model a payment.

I get a pre-tax payment of $479.83/mo with all the numbers you've given.

leom3 · October 2014

Ughh. I may as well just buy it..

Thank you very much for your help.

Michaell · October 2014

leom3 said:
Ughh. I may as well just buy it..
Thank you very much for your help.

That might be a better approach. I suspect VW is trying to make the 2014's more attractive to lease for now. Once they are gone, it's possible the numbers for the 2015 will get better.

All speculation on my part, however.

rjameson · November 2014

Hello, could you post the November MF for the 2015 GTI?

I'm guessing it's around 0.0023 based on the current terrible national offer. (2015 GTI S manual - $324/mo. 36/12. $2,349 down. MSRP $25,815.)

I've been leasing GTIs for the last 9 years, it seems like they usually start dropping the MF in january. Does your experience bear a similar assessment? A new body style is always a wildcard of course.

I'm also very curious if anyone here has the MF/RV numbers for the e-Golf. I saw a $299/mo lease mentioned on another forum. If there's any truth to that it would be compelling to me.

Thanks!
Rich

Michaell · November 2014

rjameson said:
Hello, could you post the November MF for the 2015 GTI?

I'm guessing it's around 0.0023 based on the current terrible national offer. (2015 GTI S manual - $324/mo. 36/12. $2,349 down. MSRP $25,815.)

I've been leasing GTIs for the last 9 years, it seems like they usually start dropping the MF in january. Does your experience bear a similar assessment? A new body style is always a wildcard of course.

I'm also very curious if anyone here has the MF/RV numbers for the e-Golf. I saw a $299/mo lease mentioned on another forum. If there's any truth to that it would be compelling to me.

Thanks!
Rich

We're showing a standard MF (don't have the exact number, but something around .00200 sounds about right) and 58% for 36/12.

I've never leased a GTI, so I can't comment on what the numbers two months from now will look like. I suppose it all depends on supply and demand - if there's little demand, then the finance boffins at VW may sweeten the numbers.

I don't have any lease numbers on the e-Golf. Are they in showrooms already?

fpaliza · November 2014

I called my dealer who I have got my last 4 VW from and got these number for November:

36/12 0.00156 MF 58% residual.

Michaell · November 2014

fpaliza said:
I called my dealer who I have got my last 4 VW from and got these number for November:

36/12 0.00156 MF 58% residual.

The residual matches my numbers, and .00156 is certainly better than .00200 on the MF...

kyfdx · November 2014

fpaliza said:
I called my dealer who I have got my last 4 VW from and got these number for November:

36/12 0.00156 MF 58% residual.

.00156 MF is VW's standard rate for November, and is applicable to the GTI

paymz · November 2014

Do the numbers still follow 0.00156 and 58% residual? Does anyone know when they numbers will get better by any chance (estimates too). Thanks!

Michaell · November 2014

paymz said:
Do the numbers still follow 0.00156 and 58% residual? Does anyone know when they numbers will get better by any chance (estimates too). Thanks!

Nothing has changed since the first of the month. The current numbers are good through 12/1/14, but nobody can be sure what will happen to them after that.

teaquilla · November 2014

I bought a GTI this past weekend and I thought about leasing (my last car was a lease) but after a quick glance at the numbers I knew it was not worth it. So I ended up buying. I was able to haggle the price down to $27,000 (including destination - not including the dealer fee and taxes) for a GTI SE with the lighting package. So while the lease options are not great now there seems to be some wiggle room for negotiation on the price.

kyfdx · November 2014

teaquilla said:
I bought a GTI this past weekend and I thought about leasing (my last car was a lease) but after a quick glance at the numbers I knew it was not worth it. So I ended up buying. I was able to haggle the price down to $27,000 (including destination - not including the dealer fee and taxes) for a GTI SE with the lighting package. So while the lease options are not great now there seems to be some wiggle room for negotiation on the price.

Congrats on the new GTI! One of my favorite cars.

Michaell · November 2014

kyfdx said:

teaquilla said:
I bought a GTI this past weekend and I thought about leasing (my last car was a lease) but after a quick glance at the numbers I knew it was not worth it. So I ended up buying. I was able to haggle the price down to $27,000 (including destination - not including the dealer fee and taxes) for a GTI SE with the lighting package. So while the lease options are not great now there seems to be some wiggle room for negotiation on the price.

Congrats on the new GTI! One of my favorite cars.

I'll second that .. would love to get into a GTI one day...

rjameson · December 2014

New month, new MF. Does anyone have the december MF numbers for 2015 GTIs?

My current GTI lease is almost up, someone please talk me out of looking at entry level BMW leases!

kyfdx · December 2014

rjameson said:
New month, new MF. Does anyone have the december MF numbers for 2015 GTIs?

My current GTI lease is almost up, someone please talk me out of looking at entry level BMW leases!

.00162 MF and 56% residual for 36mo, 15K/yr

kriba777 · December 2014

Anyone have the latest numbers for 2015 GTI's? 36 mo 10k/yr?

kyfdx · December 2014

kriba said:
Anyone have the latest numbers for 2015 GTI's? 36 mo 10k/yr?

.00162 MF and 59% residual for 36mo, 10K/yr

kriba777 · December 2014

Thank you!

joedetaxi · December 2014

Hi

Currently been offered this at dealer in NY

2015 VW GTI 4 Door SE automatic
3 year lease
12,000 miles a year
$2,653 down
MSRP $30,405
Invoice $29,281
Selling Price $29,281
Residual value 58%
Money factor .00162
401 a month

What do you think?

Michaell · December 2014

joedetaxi said:

Hi

Currently been offered this at dealer in NY

2015 VW GTI 4 Door SE automatic
3 year lease
12,000 miles a year
$2,653 down
MSRP $30,405
Invoice $29,281
Selling Price $29,281
Residual value 58%
Money factor .00162
401 a month

What do you think?

How is the $2653 being applied? I suspect some of it is cap cost reduction?

With your MSRP and selling price, I get a pre-tax payment of $399.51, so if your quote of $401 includes tax, I think it's pretty good.

joedetaxi · December 2014

Correction from dealer. It's $2,588.28 28 because we're transferring the same plates not getting new plates. This consists of $150 for registration and transfer of plates, $625 for the bank fee, $75 document fee, $12.50 tire recycling fee, $10 inspection fee, $1,314.51 for taxes on the total number of payments, and 401.27 for the 1st month payment.

Michaell · December 2014

joedetaxi said:
Correction from dealer. It's $2,588.28 28 because we're transferring the same plates not getting new plates. This consists of $150 for registration and transfer of plates, $625 for the bank fee, $75 document fee, $12.50 tire recycling fee, $10 inspection fee, $1,314.51 for taxes on the total number of payments, and 401.27 for the 1st month payment.

OK, so you live in a state where the lease taxes are calculated up front. My observation above still stands ... I'm calculating $399.51/mo which is awful close to the $401.27/mo that you are being quoted.

joedetaxi · December 2014

Yes NY. Thank you for your help.

arlyg · December 2014

Hello new to this forum, but love our 4th GTI! We have ordered the 2015 w/performance package/lighting/etc. we don't have a final price yet, but would like to know our options for this lease. Told that the car should arrive end of Dec/early January 2015, we would lease for 15K miles and 36 months. Our current 2012 GTI has been extended passed the termination date, and has a residual value of $15,960.00. If we pay the upfront fees, and leave a small deposit, wondering if we can keep our payments below $400/mo? Also need the MF & Interest rate, credit score between 650-750...reside in northern VA. Thanks for any advice provided. ArlyG

Michaell · December 2014

arlyg said:
Hello new to this forum, but love our 4th GTI! We have ordered the 2015 w/performance package/lighting/etc. we don't have a final price yet, but would like to know our options for this lease. Told that the car should arrive end of Dec/early January 2015, we would lease for 15K miles and 36 months. Our current 2012 GTI has been extended passed the termination date, and has a residual value of $15,960.00. If we pay the upfront fees, and leave a small deposit, wondering if we can keep our payments below $400/mo? Also need the MF & Interest rate, credit score between 650-750...reside in northern VA. Thanks for any advice provided. ArlyG

.00162 and 56% residual for 36/15.

Without knowing the MSRP or the selling price, we can't model a payment for you.

I don't have the credit score breakdown for VW, but tier B adds .00030 to the MF.

arlyg · December 2014

Thanks for the response...is it possible that I could get the MSRP from our consultant now? What score is Tier B? If I can get the MSPR, could you work out an estimate for me?

Michaell · December 2014

arlyg said:
Thanks for the response...is it possible that I could get the MSRP from our consultant now? What score is Tier B? If I can get the MSPR, could you work out an estimate for me?

I'd also need to know the expected selling price in order to model a payment. Use the "Make / Model / Year" pull downs at the top of the page to help establish a target price.

arlyg · December 2014

Great tip...here'e the closest number from the pull downs: MSRP at $30,360.00. Does that help?

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