New to car leasing

sanchezjessisanchezjessi Member Posts: 7
edited August 2015 in Volkswagen
Hello everyone. I am fairly new to leasing and have been browsing on the internet to prepare myself for the fine lines and dealer cost. I am having some trouble understanding the importantance of the MF and residual percent. If someone has the time and patience to explain in better detail how I can use these two number efficiently to help confirm my monthly cost I would greatly appreciate the help. I am planning on leasing a 2015 Volkswagen Jetta Sedan SE 1.8T w/Conn (automatic trans) in Coconut Creek Florida from Gunther VW.I plan on putting 2k down at signing and hope to have a monthly payment below $150 for a 36month lease with 15k miles a year. If there are any pointers anyone would like to add that could assist me with negotiating or help me better understand how I can tell the difference from a good or bad deal would really make a difference as I said I am a first time leaser and am really trying to prepare myself before going into the dealership. 
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  • MichaellMichaell Moderator Posts: 266,444
    sanchezjessi said:

    Hello everyone. I am fairly new to leasing and have been browsing on the internet to prepare myself for the fine lines and dealer cost. I am having some trouble understanding the importantance of the MF and residual percent. If someone has the time and patience to explain in better detail how I can use these two number efficiently to help confirm my monthly cost I would greatly appreciate the help. I am planning on leasing a 2015 Volkswagen Jetta Sedan SE 1.8T w/Conn (automatic trans) in Coconut Creek Florida from Gunther VW.I plan on putting 2k down at signing and hope to have a monthly payment below $150 for a 36month lease with 15k miles a year. If there are any pointers anyone would like to add that could assist me with negotiating or help me better understand how I can tell the difference from a good or bad deal would really make a difference as I said I am a first time leaser and am really trying to prepare myself before going into the dealership. 

    There are a number of good articles to be found here at Edmunds regarding leasing ...

    http://www.edmunds.com/car-leasing/

    Edmunds Price Checker
    Edmunds Lease Calculator
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