Hello, shopping for my daughter. We’re in Utah looking to lease a 2024 Taos SE 4motion, for 36/12k.
Does anyone know the MF, Residual, etc?
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If you sign up as a Super Supporter, you can access Ratefindr (which will give you the data you need to plug numbers into the calculator for your targeted deal).
Or you can obtain those numbers from the appropriate Edmunds forum for free.
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First thing to understand about leasehacking is picking the right car to begin with, the one with the best “programs” ie combination of RV, MF and rebates.
Your best options are either buying the right car or leasing the right car. Anything else is a giant waste of time and money.
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Lucky for you the Taos has a 0.00014 money factor this month and can be potentially hacked to a cheap lease if you have a friends/family or other rebates on top of VW’s $1,500. Seems possible to get one into the mid $300’s pretax even with 12k annum miles. It’ll just take effort.
I agree on paranoidgarlic’s comment about the super supporter. Structure a deal with aggressive discounts and the ratefindr. and try to hack one.
I can’t recall if VW leases loaners, but there’s one in SLC that you may want to pursue to get a deal.
https://www.strongvw.com/auto/new-2024-volkswagen-taos-se-salt-lake-city-ut/94819525/
Im sure some nay sayers will borderline mock you for trying to get a VW. But l hope you can land one.
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I just signed up. Thanks for the tip.
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Tell me the context of the naysayers and Volkswagen. Do they have a reputation of not dealing? I did pretty good on a Tiguan lease about 4 years ago.
VWs generally don’t lease well. I do think there have been periods where the Tiguan was an exception to this.
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Every single time someone comes onto LH looking to lease a non-EV Volkswagen… folks on LH will tell those excited potential Lessee’s how leasing VW is a bad idea and blah blah. IIRC the last time someone posted about wanting a Taos or Tiguan on LH, they were told they were “wasting their time.” Very un-sporting if you ask me.
Anyway, now as a Super Supporter, you can see the money factors and residuals. As I mentioned above, the Taos does have a decent money factor and some money on the hood to potentially get a decent lease. Hacking isn’t supposed to be easy, but it is possible on the Taos this month.
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The presence or absence of VWs in Signed Deals & Tips says it all.
For anyone who wants a VW, they have no leases which can touch the net spend of 0% APR for 60 months.
That’s where all their marketing 
are going
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I just got my wife a new a Taos FWD SE with the panoramic moonroof ($31,490 MSRP) for 17.1% off MSRP, $310/mo pre-tax with only $200 DAS (excluding the 1st payment).
I went with a 36/7.5.
0.00014 MF
58% residual
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We just purchased the car instead of leasing as VW was running 0% for 60 month financing, not sure if they still offer that.
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Its up to 2.9% on a 60 month. I still would have leased even if there was a 0% over 60 month. I wouldn’t want the negative equity risks of such a young VW model.
I don’t see how a lease w/o much in terms of rebates/incentives and w/ a relatively realistic RV protects against that vs. a 0.9% rate?
17% off MSRP + 58% residual works to just ~25% of MSRP that I’m paying for in exchange for 3 years of use. Plus 0.34% APR was only a couple hundred dollars in interest vs market rate would have been $2,500-3,000 (they remove some rebate cash if you use their promo purchase interest rate).
If the car is worth less than 18k in 3 years I can walk away without negative equity & if its worth more I can buy it. My total cost would still be well under MSRP all in without that risk of negative equity.
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Ah, I hadn’t read your previous post w/ the relevant info.
A 58% RV and MF are both “generous,” so, yes, it would make more sense to lease.
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The comparison should really be against the annualized cost of owning for 4-5 years vs consecutive leases.
The latter would entail making ~$25,000 in payments over six years and little to no equity.
Vs the net spend of finance payments less the equity that’s all yours.
Here’s a link to that comparison calculator. I used 6 yr so you can double the lease number to compare. Same selling price, just less the manufacturer lease cash & picked the best sale incentive (rate). It is still much better than leasing.
Note, I had to make a residual assumption. 2017-2018 Tiguans S (similar MSRP) all seem to be listed for $9K-10K so I utilized $7K as the residual as that’d likely be close to the trade in value at that point. I think this assumption is pretty reasonable.
You can finance at 0% APR for 60 months. That’s an almost $5,000 savings in the financing scenario.
Private party value is $12k so that’s another $5k
As always one’s conclusion is very dependent on one’s assumptions
- You can’t get 0% on 60 month right now, at least not in my area (Florida). Its 2.9% for 60 months. So I ran it again with that. Still makes more sense to lease. Even with that lower rate.
- Whatever private party value you’re getting isn’t realistic in my area, several were listed for $9K from dealers. I’ve bought & resold cars personally & I know you won’t get what a dealer would. I would utilize a 30 day or less valuation, but yes if you are the weird person that likes personally marketing & selling their vehicles, buying likely always makes more sense, if they fail to account for the value of their own labor.
- Bonus, once you add an NPV calculation with a reasonable rate, leasing would make even more sense.
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