You should walk away from this deal and not even consider talking to another dealer until you know exactly what this should cost.
2 Likes
I could use some help. Is this a terrible deal? I was attracted the low down payment advertised but this seems insane.
yes. 9k over 36 months = $250/month making this a $666/month quote.
Threads merged. Please keep all your related posts in one thread.
2 Likes
Sorry. Thanks!
Seems to be only issue is das, just seems to be off by about 1200
Always use that term âdrive offâ not money down bc then they give you the cap cost reduction number but then ask for a bunch of other stuff upfront too.
Almost $700/month for an overpriced EV is not good.
Hard to give you any advice without the MSRP, selling price and if any extra were thrown in (usually the total cap cost breakdown is on page 2).
Unlikely you are going to get a decent deal on an ID4 as they are the new hot EV at the moment.
2 Likes
The residual on this is around 50%, so leasing this will be expensive no matter what. ID.4 was targeted more of a competitor to Rav4 and other similar vehicles, hence itâs very tame on the tech side of things or even drivability. IMO, itâs not worth the premium itâs asking for.
1 Like
Also Leasing 101 says to never put this much money down as itâs gone if you are t-boned leaving the dealer parking lot even if itâs not your fault.
Personally I would stick to $1-2k however totally up to you as any aspect including taxes and fees can be financed.
1 Like
This is APPROXIMATELY what a 36/10k full sticker deal with the $7500 in lease cash and $2,000 Drive clean rebate should look like. I donât know your exact NYS sales tax so I estimated at 8.5%:
Now, a VW dealer can mark up the money factor by .00125 so if you do the same deal at full markup with an additional $5,000 due at signing you get something very close to what your paperwork shows:
5 Likes
So even with 0 MF markup itâs around $600 effective⌠which is absurd.
2 Likes
Exactly. I have a feeling once the shortages abate, VW dealers will have a hell of a time unloading these for anything more than $400/mo OTD.
1 Like
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.