Re: Off Topic: Can this lease be FAIR?

["S. Joseph Mann" <joem@pswtech.com>]

You may want to check out this web site...

http://www.ftc.gov/bcp/conline/pubs/autos/leasing/index.htm

I would absolutely read this site over before entering or negotiating a
lease.

Joe


Greg Wright wrote:

> Howdy all,
>
> I went to my dealer, University VW in Seattle, yesterday to get
> a new '98 GLX. Although the '96 GLS, with all my add ons, I am
> driving now and the new GLX I want cost about the same, ~22K,
> they want me to pay $100 more a month and extend the lease
> from 3 to 4 years. Does this sound right to any of you?
> How much are you guys/gals leasing for out there? Here are the
> stats as I remember them:
>
> Current lease:
>
> --1996 Jetta GLS with leather, roof ant., spoiler, alloy
>   wheels. ~$22k.
> --Just about 2 years into a 3 year lease.
> --Payment is $328/month after taxes.
> --Buyout at this time from VCI is ~$14k.
> --My car is in good condition with 30k miles. Needs front tires
>   and the driver side rear wheel well has a .5" ding in it. It
>   lifted the paint and need to be painted( $500 about??).
> --My lease gave me 12k miles a year.
>
> I want to end this lease and buy a '98 Jetta GLX with no
> extras. Approx. ~22k right?
>
> The dealer wants me to put $2,000 down and pay $428/Month
> on a FOUR year lease. How can this be! He said that the
> interest rates have gone up but wouldn't tell me how much.
> He says that the dealer can buy Jetta GLSs at auction for
> around 11K( with all my options? ).
>
> Anyway, I was just wondering how much you professional
> car buyers out there are paying.
>
> Thankful for any advise or links to where I can learn
> more about leases,
> greg "I just want a new GLX to go fast" Wright.
>
> --
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