Re: sh*tty lease terms (long)

[Mark Bamberry <Vws@scottvw.com>]

Hi Jeremy,

I checked out lease numbers for you, I believe your problem is your
trade in, the books I looked at indicated that a dealer is "really" only
paying you $6,500 for your trade. If you take the trade out. I worked
out a GLX Auto w/leather MSRP$ 23,480 selling for  $ 21,930 has a
36month 15k p.a. base payment of $358pm. Total cash required 1,265.00



> I have been trying to lease a new 1998 GLX for a few weeks now.  I
> have been going through Auto-by-Tel on the internet.  This last
> Saturday
> I finally got into the dealer.  A guy named Ernie contacted me, and we
>
> set a meeting for 11:00 Saturday morning, but get this.  I got to the
> dealer and Ernie passed me off to anouther person there, who wasn't
> even
> part of Auto-by-tel.  I didn't think to much of it.  I checked out a
> few
> GLXs.  He showed me one that was a 98 white, tanleather, automatic,
> (crap).  It had all that I wanted except for the auto.  They were
> asking
> 23,599 for it.  The price seemed pretty high, and I didn't like the
> auto
> so he showed me more.  We then came upon a 98 demo,  The owner of the
> dealership's grandson was driving it for transpertation.  It had all
> that I wanted including a manual trany.  It also had 2,300 miles.  I
> thought cool, right a 98 that I can get for a used price.
>   We then got inside and started to work the numbers.  I walked in
> there
> with a 95 neon sport coupe.  They said they would pay it off for me,
> (8k) and I would start out clean.  The way the deal paned out was
> this.
> I had to come up with 2,800 down.  My lease term would have been 60
> months.  My monthly payment would be 365 a month, and my milage would
> have been 12k a year.
>   Guess what they were trying to sell me the car for?...
> 26,000..What!!
> 26,k for a used 1998.  I had 5 guys hanging over me with pens in their
>
> hands, yelling at me to sign on the dotted line.  Asking for my credit
>
> cards for a down payment.
>   I asked to see their dealers invoice, but they declined.  I ended up
>
> walking out.  Part of the problem might have been that I am 21 years
> old.  The were trying to take advantage of me!
>   Damnit, I just want a 98 GLX for 300-350 a month with 1000-1500
> down,
> and a lease term of 39 months with 15k miles a year.  Am I asking too
> much?
>    I hate Auto-By-Tel.
>    Jeremy Brandow