This was answered earlier in the thread
LeaseHackers-
Kinda new at this, looked into the calculator and somethings not right. I received this lease deal? Or not on a 2024 VW GTI SE- I cannot seem to get a deal on these cars.
MSRP-$38,631
36 month lease
12K miles
Discount $3200. Rebate VW 2K
Adjusted price $33,431
Residual-$21,634
Doc-$498. Tax-$110
Non Tax Fees-$722.25
Balance-$34,765.40
Monthly-$607
Thoughts? This has been the hardest brand to deal with for me. Any brokers deal with VW in NV? Not sure what else to try and negotiate on-if anything. Is this the best these go for, other threads are older on the site. Any help is appreciated.
If all the other threads are for older VW deals then at least arm yourself with the following information. Find the RV and base MF. (check Edmunds) The 2k rebate should be set, but google that is right and if there are any other rebates you qualify for (college grad, loyalty, conquest). The biggest negotiation is the selling price. The other items are noise. Focus on that. If that is their first offer $3200 or 8.2% - without knowing VW I assume they have a little more in there. But not sure.
Finally always double check the cost to buy. $607 lease for 36 months is $21,852 - any out of pocket on the lease? What does a 2021 GTI SE sell for now? What would it cost to finance for 4/5/6 years? Does that make more sense?
AND finally if you HAVE to have that car, then you will be a little boxed in. If you are open to other cars shop around for cars that have a deal now.
GTIâs have never leased well. The deal itself looks ok but if you want one just buy it, donât lease it.
Zero down on the lease. Was their final offer to me after trying to lease or buy. I was looking on edmunds for the mf and must not be in the right place. No other things I qualify for unfortunately. Best finance offer was in high $600s low and mid $700s. I was shopping around in the class and civics/kias/hyundais are around the same msrps and amounts per month I was quoted. Rather have a VW than a kia or hyundai personally. This might be the best offer Im going to get as I check out of state as well. Thanks for all the info.
I would like to purchase but my lowest quote to buy was 4.9% VW, zero down 60 or 72 months all in the $688-$745 range. Way more than its worh in the long run I think.
The effective interest rate on the lease is over 7%.
Does the rebate still apply to a finance deal? If so, it really doesnât make any sense to lease this car.
Yes the 2K does for a finance, just dont think a high 600 to low 700 payment is necessary on a car thats 36K.
You have to look past just the monthly payment.
Option 1, Lease: Spend $22k to lease for 3 years, then give it back.
Option 2, Finance: Spend $24k after 3 years, have $5-10k in equity and be 2/3 the way towards a fully paid off car.
I see this logic, wife sees wife logic. Looked at used cars some newer used vehicles are coming close on these monthly payments. I cannot do an EV, and thats all I can see cheap monthly deals on. I was working a deal on a new 27K civic still in the high 500s. Am I asking too much??
In the current market, yes. It seems youâre just shopping for a cheap-ish payment on cheap-ish cars (price wise), and were hoping the GTI might work. That doesnât really exist in the current market, not on a GTI, not on a Civic, not on much anything else that is not an EV.
If youâre comfortable with a $600 payment then the best play is just to finance a GTI (or a Civic, etc.). Donât lease one. The $350/mo lease on anything decent non-EV isnât there.
Ok thank you Jeff.
Still better than the lease as Jeff pointed out.
If you want a sedan with a lower APR and more of your payment going toward principal/equity and less toward interest, then the Forte has 3.49% for 48 months.
Ok thanks. Im not sure about the forte. I like the K5 tho
My vague impression is that the Sonata generally leases betterâŚ
But you have another $4K in taxes and fees that you are rolling into the payment as well.
Why not put $10K down and finance ~$30K @ 4.9% for under $500 a month for 72 months?
Otherwise yeah thatâs what it going to cost in this market if you finance the whole enchilada.
Yes thats why I think I can get a little better discount on it. I can put some cash down, but not 10K. I would rather hold the cash, just in case and make larger payments to get it paid off. Never know what comes up, but still shouldnt have to put that kinda money down to have a ânormalâ payment imo.