I took some mental abuse from a VW dealer in SoCal recently…
2019 eGolf
Msrp 33200
Rv in low 30s
Mf equivalent of almost 9% apr, tier 1!
36 mo 7500 miles/y
DAS $4900
$505 per month
“We have the best deals in town!”
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True, for the dealership!!
Holy smokes.
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Honestly. It’s what I get for mentioning that as a previous loaner, it should easily be around $400. I don’t even know what to say.
And that’s a loaner/demo with 4k miles on it.
I believe you say “No, thank you.”
Hey but they knocked off almost $10k, it must be a good deal!
For the dealer and for VW. Think about it…they are charging me $22.5k and also get the $7.5k fed credit…so $30K total to lease a $33.2k msrp car for 3 years. Now that’s good business!!!
Hyundai Sonata Lease
Vehicle Price (Net after Rebate): $22,671.00
Cash Down: 0
Term: 36 Months
Monthly: $446.94
Residual $15,264
Might as well buy the car. It should be worth more than $7000 after 3 years.
How is it possible to make $16k in payments when the difference between selling price and residual is $7k?
Marked up MF and MSRP for a selling price?
Every single Add-on known to mankind
I told them that their number was pretty terrible and that they probably made a mistake somewhere. They said they understood.
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$19,466 (39*499.12) to lease a Malibu LT. You could pay that in cash for a brand new one and own it outright!
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But this one is a Red line edition! Fully loaded!
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500 a month for four cylinders and a cloth interior designed by GM… nice.
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This is mind blowing.
Someone here is paying ~675 for a 3 series loaner, ouch.
Is it “fully loaded”?
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