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Sorry for the repeat questions, looking for Feb MF and residuals for CC rline with 12k miles at 36 and 39 months. Also what is lease cash available in Northeast US, Pa specifically? thanks as always car_man
Hi Ted. I'd be happy to help you out. Volkswagen Credit's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Touareg TDI with 15,000 miles per year are .00182 and 43%, respectively for consumers who qualify for its top credit tiers. I haven't seen anything on the lease program for the 2011 Touareg yet. I'll make some calls and see what I can find out. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi CarMan, Can you tell me what the Money Factor and Residual for a 2011 Touareg TDI with the Black Magic paint and Lux limited and technology packages and 15,000 miles a year would be? Cheers, Ted
Anyone have some advice for a newbie? I'm trying to decide whether or not I should get the new JSW. Currently I drive a 05 Passat, GLX 4 mo. 55k mi. It's a great ride, but gulps gas. I have looked at the new JSW and while I'm impressed with the tdi mileage, I'm a little concerned with the reviews of the problems they've been having with the DSG, stahling and something called the hpfp? Not sure what that is, but regardless, what are your thoughts. My closest dealership is CVM in central PA. Anyone have any thoughts on them as well? Thanks.
Bobby, No, it doesn't help for a couple of reasons... (1) The numbers look like estimates (ball park). For instance, a car price of $30k can mean $30,437.12 or $30,027.83. Is that the MSRP? If so, there's a real problem. I noticed that the residual is 14,100. Well, 14,100 / 30,000 = 47%... hmmm ... looks like the residual factor could be 47% suggesting that the $30K could, indeed, be the MSRP. Normally, one doesn't pay MSRP for a car. The selling price is negotiable. Also, the dealer didn't provide you with the adjusted cap cost which is required in order to determine the lease payment... P = 0.00041 x (30,000 - 2,600 + 14,100) + (30,000 - 2,600 - 14,100) / 36 = 386.46 (base payment excluding tax) This tells me that the adjusted cap is much lower than $27,400 ($30,000 - $2,600). Did you put money down (cap reduction) other than the $2600 trade? What are you required to pay upfront? These should be itemized. Are you paying the $625 acquisition fee upfront? Upfront dealer doc fee? Can you see that I don't have enough information? And so, there are lots of questions that remain unanswered.The only relliable document is the dealer's lease worksheet. Anything less than this computer generated document will not work. (2) The sales person could be misinformed (this is very common) and, so, the numbers provided may be inaccurate. (3) $345 after taxes leaves huge questions such as sales tax rate and the state in which you reside. States compute sales tax differently. Some require taxes to be paid upfront (OH, IL, TX, NY, NJ, VA, etc); others tax the payment streams as they are received (PA, CA). If you live in a state where the taxes are due upfront, then the salesman rolled the taxes into the lease ($345 including taxes). I have no idea what your base payment (excluding taxes) is. Quoted payments that include sales tax mean nothing unless the sales tax rate and state are known. Rather than going back and forth, the best thing to do is to get the dealer's lease worksheet; otherwise, we're just guessing and spinning our wheels. John
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