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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
manutd11 said:
I'm currently leasing 2013 Passat and the dealer is offering early return and lease a new VW car w/ $0 due at signing. I still have 4 more payments for my Passat but they said they will waive. Can you leave a feedback?
2016 Jetta 1.8 Sport
MSRP: $23,215
Adjusted Cap Cost: $21,840
55% residual, 0.0001 MF
$0 due at signing
36/12K
$278.44/mo including tax
Los Angeles, California
I get the same payment. Looks like a very solid deal if they are eating the last 4 payments on your current lease.
I was able to lower the monthly payment to $229 including tax. Do you think I can go even lower?
That said, $229/mo with 9% tax is a good payment on a $23K car.
I'd do that deal - and, the Jetta Sport is on my short list when my current lease is up this fall.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm going to pick up the car on Sunday. I'm trying to get a free tint.
Thanks for the comments!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Might be time to shop around for other insurance carriers.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2016 GLI SE
MSRP $29,075
Sales Price: $24,808
Fees (acq, dmv/title, doc/dealer): $1,712
Terms: 36/12
MF: 0.0001
Res: 59%
Down pmt: $2,000
Payment: $235 (including 7% tax)
Thoughts?
I confirm the .00010 MF and 59% residual.
I assume that the $2000 at signing covers the $1712 in fees, etc.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Yeah, I know it's advised to put little to no money down on a lease, but the majority of it in this case covers the "fees", and they appear to be discounting the vehicle a decent amount (including the lease cash). Also have a GLI SEL with an MSRP of $31,520 priced at $27,236 available for $25 more per mo on same lease terms.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$625 acq
$235 first pmt
$699 dealer fee (a FL dealer thing in which every one of them gets, probably reduced in this scenario)
$150 for DMV/Title
$450 for a new plate (again, a FL thing if an existing plate isn't being transferred, but actual amt should be lower)
Only cap cost reduction appears to be the lease cash + dealer discounts for a sub-MSRP final sales price.
Be advised that there are incentives available when you purchase that aren't compatible with leasing, so don't expect the selling price to be as low as you're seeing.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
What were the MSRP and adjusted cap costs?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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MSRP: $24,370
Selling Price: $20,346
Doc Fee: $599
Acq Fee: $625
Maintenance Package: $389
Title/Reg: approx $400
Wheel Locks: thrown in for free
==================
Cap Cost: $22,359
==================
Local Business Tax (.17%): $38
Net Cap Cost: $22,397
==================
Term: 36mo/12k
Money Factor: .00010
Residual: 55%
CT tax: 6.035%
==================
Drive Off: approx $269 (first month)
Monthly Payment: approx $269
==================
How did I do?
Thanks!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
May I please get the MF, incentives, and residual value for a 2016 VW Jetta 1.4T S in Phoenix Az. The 36mo/12k would be great. Thank you in advance!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Currently leasing a 2013 Beetle through VW Credit. Lease matures in September, I have 4 payments left. Dealership contacted me with the following offer on a 2016 Volkswagen Jetta 1.4T SE w/Connectivity. Any insight would be greatly appreciated.
What I was quoted:
2016 Volkswagen Jetta 1.4T SE w/Connectivitiy - 3 years/36k
MSRP: $23, 685
Residual : $12, 553.06
Lease Factor: .00030
Offer:
$0 down, check for remaining lease payments ($1,222), $289/mo.
Please note they first told me it would be $318/mo and after 2 previous leases with VW credit, I told them I would never pay that. I live in New Jersey.
Thank you for any help that you can provide.
1) If they are cutting you a check for your payments, you can bet the new car could be had for that much less, if you weren't trying to get out of your lease.
2) If they cut you a check, does that mean you have to turn your car in on your own? That could leave you liable for early termination fees and a whole lot more. Unless they are taking your car in trade and paying off the lease, don't take a chance.
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No early termination fee. Still responsible for excess wear and tear at inspection. My Jetta in similar condition came back with around $450 wear and tear last time.
Here are the full numbers I was given on a 2016 VW Jetta 1.4T SE w/Connectivity - 3/36k
MSRP: $23,685
Selling Price: $22,253.66
$1,000 rebate
$0 down
53% Residual ($12,553.05)
MF = .00030
$289/mo & cutting me a check for $1,222 for remaining payments
By my calculation monthly should be around $270. Extra $700 over life of lease. As an aside, I am slowly creeping up to my mileage limit (Chose 3/30 on my current, bad move).An approximate charge on that at $.20 if keep car until end of lease is around $1k. Choosing the lesser or evils I hope.
Any insight into this deal would be greatly appreciated. Sorry for the lengthy post.
The base MF is .00010 and there is $1750 in lease cash on this model. (in addition to the rebate).
Running your numbers, I get $252/mo.+tax. But, I see no allowance for the $625 acquisition fee, so $289 is starting to look pretty close. Of course, that's with the marked up money factor.
As you can see, with the $1750 dealer lease cash, you are actually paying a little over MSRP. That $1222 for your lease payments has to come from somewhere. Most people trade out of a lease to get rid of the financial uncertainty of turning it back in. This deal doesn't seem to relieve any of that uncertainty.
Be very careful of taking the dealership's word for anything, regarding your current lease. They are NOT taking your car in trade, so they have no skin in the game. Verify everything with VW Credit.
I don't see you coming out ahead here, versus waiting until closer to the end of your lease.
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1. Base MF, why the markup? How can I combat that?
2. $1750, lease cash - where can I find that figure. Basically what you are saying is that I should be getting $2750 off the top of the MSRP to begin with?
3. Ahh acqusition fee, your right. There was no mention of that.
4. Clarity on how I am paying over the MSRP with the lease cash. Am I essentially paying for the $1222? Are there lease deals that relieve uncertainty or is this how they typically get suckers like me to fall back into the trap? Is this procedure standard with most dealerships?
5. Got it on VW credit.
I really appreciate you taking the time to help me, it really means a lot to me. I'm really just trying to understand so that I can make the best informed decision without being taken advantage of. May be better to just ride it out with the car even if I will be going over the miles.
2 least cash is a factory to dealer incentives, and is not published anywhere. Use that information to negotiate your best price.
3 often not mentioned by the dealer.
4 returning leases early gives the dealer lots of opportunity to play around with the numbers. Negotiate your best deal on the new car.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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What is the residual on a 3/15k ? What is a great lease for this car?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can you verify if this is a good deal 3 year 15K with 3,000 down is 169 a month after taxes; although they said 3/12k with 3,000 down was 148.55 after taxes.
I have another dealer willing to match it, but the 20 dollar difference a month for 15K seems higher than it should be as you noted.
All things considered, how good are these offers?