My Take: GTI rates actually look worse than last month. 1% drop in residual, a hike in money factor and no lease cash usually means slightly higher monthly payments. The CC on the other hand, looks promising. Too bad I’m not in the market for a 4-seater sedan, otherwise I would really consider getting one of those. The Golf numbers looks great and the Tiguan is not too bad either. I’m not sure I like the Jetta’s numbers though, but at the right sale price, it could work.
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2011 Volkswagen GTI 2-Door
36-month | 15k miles | residual 55% | .00135 base money factor
2011 Volkswagen GTI 4-Door
36-month | 15k miles | residual 55% | .00135 base money factor
2011 Volkswagen Jetta S
36-month | 15k miles | residual 58% | .00156 base money factor
2011 Volkswagen CC Sport
36-month | 15k miles | residual 53% | .00003 base money factor
2011 Volkswagen Golf S 2-Door
36-month | 15k miles | residual 61% | .00061 base money factor
2011 Volkswagen Tiguan S
36-month | 15k miles | residual 55 % | .00053 base money factor
Lease Rates provided by Number1Leasing
Hey G,
My local dealer tells me that these rates only apply to the base GTI. He says the residual for the GTI 4-door Autobahn package is actually lower at 51%. Is it true that residuals change with options?
Thanks
that is correct. The based model has the highest residual and it starts to drop from there. I would also like to add that the current GTI lease isn’t all that great, so a well-optioned model with a lower residual and higher price tag means higher payments. I would recommend skipping GTIs this month.
Thanks G, ironically the quote I got for a A4 Quattro was only a few dollars more a month. I guess the GTI is off the list.
Thanks.
No problem. Here’s a suggestion. If you are looking for something as practical as the GTI, you might want to look at the A3. It’s due for a redesign, so Audi has a low 0.00016 MF on the non-quattro Premium and Premium-Plus. I just priced out a A3 P+ and it comes out to about $394+ with inception fees due at signing. 36m/12k, $34675 MSRP, sold at $31944. The Premium would be significantly less since it doesn’t come with as many bells and whistles.
Thanks to you G, and this great website, I just picked up a 2011 CC R-Line Manual. Here are the details:
36-mo
15k/yr
$315 otd per month
Negotiated Cap cost for the car was at invoice for $29,900. I traded in my Mazda 3 as a down of $1700.
Also, I believe the dealer said the Residual on the 2011 R-Line was 52%. Money factor was the same at .00003.
I love this car! I will post ont he wall soon!
Thanks!
dnts4
dnts4,
congrats on the new ride! how do you like it? I like the CC quite a bit, but I haven’t been able to justify it because it only seats 4 instead of 5. Either way, great looking ride.
Please send over your photos to thewall(at)ridewithg.com so I can feature them on the blog!!!
In the 6-spd manual, this car is terrific. A bit of turbo lag under 2k, barely noticeable, but once you get her rolling, what a great engine!
I will send pics, soon as the weather gets sunnier and I can take pics with my DSLR. And again, thanks G!
Hi G,
Recently,I leased a 2010 CC Lux (thanks for your website and all the info you provided).Yesterday, Dealer’s finance manager called me and told me that they are ready to offer ding and dent protection for 4 years free of charge because VW decided to move things this month and in order to give the package, the contract needs to be redone! It sounds a little bit fishy to me.
I leased it in Nov 1st and here is the detail:
MSRP: $38070
Selling price: 31677.70
Gross capitalized cost: 32303.70
Cap reduction: 3240
residual: 17131.50 (45%)
mf: 0.00096
Rent charge: $1579
base monthly payment: 375.29
monthly payment tax: 34.7`
Total monthly payment: 410.00
I don’t know the price of that package and why VW or the dealer has decided to give it free of charge three weeks after the deal is closed and redo the contract. Maybe they marked up MF too high and now VWCREDIT does not authorize the contract. Something similar happened once to one of my friends with nissan. I’m not comfortable with redoing the contract. I’m afraid It my get worse although he stated that all the terms will remain the same. Let me know what you think.
Thanks
Frank
Marz,
That sounds odd. Why go thru the trouble of voiding the existing contact and redrafting a new one? It is possible that VW Credit did not approve it (this happens more often than most people thing).
You could try working out the details with your dealer over the phone to see if the MF and residual stay the say. But if VW Credit approved your current lease, how are they going to get you off it without penalty or negative equity? Like you said, it sound fish to me too, but I don’t see the harm in taking a peek to see how the numbers shake out and whether there would be any penalties assuming your existing lease has been approved already. (I would check with VW credit on this one, not the dealer). If you are interested, make sure to approach this with a lot of caution.
G,
Thanks for your reply. I know it is a bit off topic. please guide me on where to post. I just called vwcredit and they told me that this car is not in their sustem. Since the first payment due is december 1st, I asked them on how to pay my monthly payment and they didn’t have a clue. That got me more suspicous about this deal and I don’t trust the dealer anymore because something is definately wrong here.
Maybe I should bring up the issue to vw customer care?
Thanks,
Marz
@marz.
I would contact customer care to see how to address the problem. Second, I would contact your dealer and confront them about this issue. There are two possible scenarios here:
1) contract was not approved by VWCredit, so the dealer is trying to bring you in to redraft a contact.
2) dealer use a bank other than VWCredit, which is why you haven’t receive any payment requests from VWCredit.
when dealers offer you a deal, sometimes they will shop that deal around with other banks to see if any will approve it. That isn’t great since sometimes they will run your credit multiple times until a bank will lend you the money. Anyway, it’s probably a good idea to start digging through the details regarding your lease because if this isn’t resolved, you will probably have to return the vehicle.
G,
Just came back from the dealer. Here is the result:
Finance manager insisted that nothing was going on and he just wanted to give me a free package.I told him to be upfront with me and tell me what’s going on. He replied “as I tell you when you signed the contract., We make money either in selling price or money factor. With the money factor we gave you (0.00096) we made 900 bucks. Then I decided to give you this package instead of MF and make another 50 bucks myself and give a free package to you as well” I told him this package has no use for me then asked him to check the new mf on the contract and he told me it’s 0.00040( The exact same october mf for a tier credit form VWcredit. I calculated the lease with the same selling price and 0.00040 mf and it was 900 bucks lower, the same price as the package he put in the new contract. He told me that he has not submitted my contract to VWCredit yet .I don’t believe him since I have multiple credit inquiries form VWCredit in my Report. I think the mf is the problem here. This is getting real nasty.
Wow! Somehow, I don’t like where this is going. All this for only a $50 profit. Not saying that this isn’t true, but if you decide to go with it, triple check the paperwork and have a lease calculator handy. I just can’t believe he held the paperwork this long. Crazy.