Some of you asked me for a breakdown of the deal that I got for a 2016 VW Tiguan RLine 4motion AWD, so here it is.
2016 Volkswagen Tiguan RLine 4motion AWD Pearl White
12,000 miles per year
Monthly payment - $316.04
Down payment/driveoff - $0.00
Agreed price of vehicle - $29,722.24
Acquisition fee - $625.00
Sales tax - $719.43
Capitalized cost - $31,066.67
Capitalized cost reduction $1,500
Doc fee + tax - $266.88
Title/Registration Fee - $33.50
Tax on capitalized cost reduction - $101.25
Total due at delivery - $2,217.67
Rebates and non-cash credits - $1,500
Paid from proceeds of deal $717.67
Total of base payments - $11,377.44
Residual value - $18,205.80
Adjusted capitalized cost - $29,566.67
Money factor - .00001
The dealer paid the first payment/other delivery fees and I am only making 35 payments of $316.04.
Other pertinent information: I am a Costco member and got an additional $400 discount.
Do you mind telling me where / what city you got this deal in? I got a really good deal quoted on a Tiguan S but I really really want the Tiguan R Line if I was going to get one - and was hoping to get payments under $300 a month with zero drive offs / everything rolled into monthly payments. I’m still trying to fingers cross that I can actually make it work! My lease is up in May so I am hoping for Labor Day super crazy special deals. Thank you! and I’ll only need 10,000 miles a year so maybe that will help…
This was in Ohio. Do you want all wheel drive? If not, you can figure approximately $38-42 less per month in monthly payments because AWD adds about $2k to the MSRP of the Tiguan. Mine has AWD, and for 12k miles per year I was at $316/month $0 down/drive off.
However, I did get $1500 conquest cash for owning a non-volkswagen vehicle. That expired on February 8th and I think they are only offering $500 conquest cash now. I also got a $400 Costco discount, so about $2000 in discounts that may not be available to you. I would highly recommend becoming a Costco member for $55/year if you are going to purchase a vehicle. The discounts can be huge. For example, the discounts on a 2016 Chevy Malibu fully loaded were $1800.
With the $2000 discounts that I got, that equated to about $40/month less in monthly payments if I were to go and purchase the vehicle today. The jump from 10k miles to 12k miles add about $10/month to the monthly payment, so you can figure it will be $10/month less if you only need 10k miles and another $40/month less if you only need FWD RLine.
I would wait until Labor Day to see if they are going to up the conquest cash again, as that is what really made this a good deal for me.
Thanks! My mercedes lease is up in May, so labor day seems to be the best time for all car leases, yeah? And with your numbers - I don’t need AWD and I only need $10,000 miles a year - so that looks like I could easily get it at $270 a month with zero drive offs, yeah?
And good tip on costco membership. I am eligible for $1500 in incentives at the moment ($500 for changing from non vw lease, $500 conquest cash, and there is a $500 presidents day cash until end of feb. - But it seems like Labor Day incentives will be way better for all brands, yeah?)
I would wait. I was at a lower payment on an se awd - conquest was $1500 and that dropped to Presidents’ Day $1000
Hoping March sees better offers given vw falling sales.
What were you at for your SE AWD? And how many miles etc?