I was looking for the cheapest lease available and saw a broker was advertising a similar deal but it was already sold. So I called around a few VW dealers in the area and one was willing to match the deal. The general sales manager basically said he was willing to match any deal. Even better since I didn’t having to pay a broker fee.
MSRP: $47,176
Purchase Price: $34,654 (27% off MSRP)
Residual Value: $27,362 (58%)
Money Factor: 0.00001 (0.02% APR)
Rebate: $7,500
Monthly: $45
Due at signing: $1,816
Term: 24 months
Mileage: 7,500 miles / year
EDIT: For everyone sending me PMs for dealer info, this deal is already expired (July 31) and GSM said this was their last available car in stock. New programs start on August 1!
No MSD or trade in. I asked them for $45/month and $1816 DAS and they did the math to make it work. I only copy and pasted the numbers from my lease contract.
The tax credit goes to the owner of the vehicle. In leases, that’s the lessor (finance company), and they may choose to pass it through to the lessee. Each company has their rules. From what I can tell, VW, Jeep, Hyundai, and many others pass the whole $7500 as an incentive to offset the cost. Some Jeep lease terms will only pass half of it, but Kia and Chevy (from what I can tell) don’t even bother to pass anything through. I could easily be wrong on the details.
This appears that you got the 7500 rebate on top of the discounted rate…insane. You are basically only paying tax? I don’t understand why the dealer would do the deal…
If I had paid all my inception fees upfront, I would have had a negative lease payment and in theory VW would have paid me to lease the car. So my due at signing and monthly lease payment is basically my inception fees.
I didn’t ask why they were willing to do this but I’m guessing they had some sort of factory incentives.
Trying to get a similar deal from a dealership in STL but no luck yet. Similar purchase price but not applying the 7500 rebate after that but to the MSRP.
There’s insane levels of inventory on Ariya and ID4. If they don’t move them now they lose even more when credits expire. Nobody is buying these for $50k+ even with the credits, it’s all rock bottom leases. 2 years will be nuts when the flood of lease turn in hits, I bet these come on the market used with less than 20k miles for $15k or less.
In Colorado you can get the platinum under $200/mo easily on 36/10. Other trims are ~$100. They’re advertising 36/10 to avoid a flood of turn ins, but 24/10 quotes are sub $100 all day long.
