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Hi Car_man I was considering the 2012 Hyundai Sonata SE but just didnt know, the price was right. I went to VW test drove the new 2012 CC and realized I just wouldn't have been happy with the Sonata. I am looking at a 36 month lease, 15k for the CC Sport with a 6 speed manual. tax, tags, title, and 1 st month at signing (2282.00) in NY with a $315 a month payment. Is this a good deal??? and have qualified for top tier credit. mf was the .00012 you spoke of and residual at approximately 50%. I have not signed the lease as of yet but always leary when it comes to leasing/buying cars
Thank you car_man Trying to decide on a car, just test drove the 2012 Hyundai Sonata Se with 2.0 liter turbo, automatic, no navigation. Offering 0 down ,289/month 15k/year 36 months and will take my Jetta lease as is - I have some scrapes on the bumper and needs a tire. Dealer said the car would be 23k and change. Not sure if this is a good deal. I am on Long Island, in NY. Going to look at the cc again see what I can do with them too. Don't know if, in love with the Sonata, it was ok. ps thanks for the confirmation on the money factor on Hyundai its .0019 do I multiply that by 2,400 too (or is it different when number only has 2 zeros) Again Thank you for your help
Hi Car-Man and everyone else. This is going to be long-winded, so I apologize in advance. Yesterday I signed a lease on a 2012 Jetta and I want to get some opinions on how I went about it. First off, I have been driving a 2003 Jetta GL 2.0 since 2006. I moved out to San Diego from Upstate NY and the drive killed the previous car (a 2000 Chrysler Cirrus LXi) I had been driving - I coasted into the VW dealership and basically had to bend over on the financing - I owed $3k on the previous car and could only put $500 down. Fast forward 5 years and the car was basically on its last legs. It had over 110K miles on it (two cross-country trips and 4 road trips to Vegas on top of dating a girl who lived 2 hours away for about 5 months) - the tires were bald, the brakes were shot, the check engine light popped on a few days before and unleashed a hellstorm of noises that hadn't been there before, and I easily needed a couple thousand in repairs - I was not a conscientious, mature, responsible car owner until it was already too late and neglected the scheduled maintenance on the car. I was (and probably still am...let me know at the end of the story) an idiot with a capital "STUPID!" Yet because of the original loan terms I still owed $4000 on it. Things were bad, and I did not feel safe driving it so I decided that instead of spending the cash on the repairs I would look into taking a portion of that money and going the lease route on a new Jetta; rather than being tethered to a potential hazard. Here's the thing - I went to the dealer where I originally bought the first car, I signed the lease with VW Credit for 36 months and 36K miles, and after I signed and got home - my optimism of "Yeah, I can do that." in regard to the miles went to, "Oh, Holy CRAP there is no way in hell I can do that!" However, I fully intend to buy this car at the end of the lease. I got the car because it's the one that I wanted and the one that I can see working for me long-term - I researched my options, test drove several from different manufactures, and I just loves me a Jetta. I went with the lease because it got me out from under, what was essentially, 7+ years of negative equity with previous cars and gives me an opportunity to rebuild a bit and save up for a good down payment when the lease matures. I did my research, negotiated well, and got a sale price under the Invoice number and a residual that gave me a decent monthly payment, but - even with the miles that I will be carrying (50-55K) - is under the private seller and trade-in price on similar models at the 3-4 year range. I have the same car payment, same insurance payment, but a brand new car and better gas mileage on my Jetta SE now. However, that mileage contract is making me anxious and obsessive. In reality, I will probably drive 15K-17K a year which chalks up quite a bit of a fee at the end, but if I plan on buying the car when the lease matures do I even need to worry about that number? Can I just drive how I normally drive? I just want to make sure that if I buy, I'm bullet-proof and that if I'm not, I take steps early in this process to minimize the wallet damage. I figure that with the situation I was in, I was going to eat it no matter what - there is no need to tell me about how stupid I was and how I should have read things better, etc. Already covered by my own self-punishing ways. I just want to make sure that as long as I'm eating it, I'm at least getting some nourishment in the force-feeding. Thanks for reading and for any comments or suggestions you can offer.
Car Man, It's that time again... I need Nov mf/residual numbers for a 2012 GTI 4 dr. gas automatic with convenience/sunroof -NY -36 months -10K miles per I've been given .000205 for 36 months but I think they're padding it a bit. Thanks, Bodid
Interested in leasing an Exec model that has an MSRP of $59,695. Dealer is saying the sell price is $56,424. I've asked for 36 months with 12k miles per year and they came back with $1,288 out of pocket and $943/month. I'm told that the money factor is 0.00195 and the residual is 54%. Excess mileage would be $0.25/mile and it costs $350 to walk away from the car -assuming no excess mileage or wear & tear. Can you help me make sense out of this? It seems like this is about $100/month too high based on some other vehicles I'm looking at. Are there any rebates on this model with a lease in the Northeast - NY? Thanks in advance for your help!
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