No point guessing. Become a Supporter and use RateFindr
Also you dont wanna put down 5K on a lease due to chance of losing and not getting back. Stash that in money market and use to help make lease payments.
Can we just take a moment to appreciate OPs username lmao
this is the level of highway robbery that needs to be reported to state attorney general or something - but they are all in the pockets of local dealers anyways
Hello AG? They are priced Too Damn High!
Lol, that is not a lawsuit, it’s a complaint.
whatever floats your boat man - if it makes you feel smarter, ok
dealers do crooked deals all the time – FTC cannot do anything (they’ve tried this year though) since this is a state level issue – but they rarely get taken to task. it just the way system is setup
Just gotta look at it the RIGHT way. Charging $399 for Nitro AKA AIR, is wrong and should be sued…charging MSRP + ADM for a Rare Golf is normal business.
The way you wrote it, the Dealer never wants a super rare car on their lot because they cannot make money on it. That’s wrong…on your part.
The dealer selling AIR for $400 is wrong and they should get in trouble for it.
I think what Forbs is saying is that if you file a complaint with your state attorney general, you should at least have an idea of what illegal or below-board activity is happening. Simply offering outrageous pricing is in itself not something for an AG to have on the radar.
For example, if the same dealership sent out advertising or communication saying they had the “cheapest Golf R payments in the state”… enticing Yutes to go into the showroom… then hit him with that garbage offer… maybe there’s something to the false advertising claim.
I don’t know about the Usury laws in VA but there could be an argument that the combination of depreciation and rent charge on that deal violate the effective interest rate statutes.
Anyway, provide your recommendation for an actual violation to submit to the AG.
Sticking with the My Cousin Vinny theme, when it comes to those lease numbers:
“Are you on drugs?”
This is for 1 Golf R or 2?
edited
What’s a Golf 2? Saw your edit
Golf R is similar to the Civic Type R.
Golf
Golf GTI
Golf R
Civic
Civic SI
Civic Type R
I meant, is the price quote for (1) Golf R or (2) Golf Rs because it is so ridiculously high.
It’s a quote for four (4) RS Etron GTs
It’s 1 Golf R, and a New Boat for the General Manager. (Plus some H&B for the staff)
Would make more sense if it was for two
I genuinely thought they ran it as a 36 month finance instead of a lease but was told repeatedly that wasn’t the case.
Have you found the correct MF and residual for the term and put together a calculator for a msrp deal to know what the price should be yet? Take the (actual) advice given here.
I followed some of the advise and used the calculator on Edmunds to get the residual / MF and with the VIN from the vehicle was given .00312 and 68%
He’d need to spend the $10 to become a super supporter first.
You know what’s funny… I punched in a Golf R deal with $5k down in VA (with those same inceptions) on the calculator and over-rode the resid to $0.
On a 36/10 with a $5,000 down payment the monthly payment is still less than what is being quoted above after rolling everything else into the monthlies.
Edit… Yutes take the knowledge you now have on MF/Resid and go find another dealer who will actually work with you on a sale.
Did you add the 48k ADM? I bet it’s a 100% Markup.
Yeah that matrix that Yutes got from the dealer only shows the selling price, but it doesn’t show the capitalized cost. I feel like that type of offer alone should be illegal in VA due to fair lending laws and transparent disclosures. Hello AG???