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Old 11-07-2012, 09:10 PM   #1
ElectricEye
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Buying ones leased GTI Question

Hi,
I'm two years into a 36 month lease on my GTI.
I'm considering purchasing it when the lease ends depending...

My question:

Will they - VW (or are they able to) tell me now what the purchase price of my GTI will be one year from now?

Thanks!
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Old 11-07-2012, 09:15 PM   #2
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When my mom leased her car with plans of buying out she negotiated before hand
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Old 11-07-2012, 09:32 PM   #3
iAmLodi
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Maybe it's different down in the States, but here in Canada, when you lease a car, you know the buy-out price before you even make your purchase. Are you sure it isn't written in your lease paperwork anywhere?
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Old 11-07-2012, 09:52 PM   #4
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^^idk my mom did the same thing, maybe OP didnt realize and probably got a crappy buy out price
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Old 11-07-2012, 10:20 PM   #5
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The buy-out price would have been a part of the original lease deal. This is called the "residual value", which is typically a percentage of the originally negotiated purchase price. Suggest you review your lease documents thoroughly in case there are any caveats to the purchase.
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Old 11-07-2012, 11:18 PM   #6
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Thanks, I'll have to pull out my lease and take a look.
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Old 11-07-2012, 11:21 PM   #7
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you can also find it if you go to your online account with vw credit. they will also give you a buyout price if you purchase it before the lease is over.
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Old 11-08-2012, 09:01 PM   #8
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$1615 to buy it out.
My car only has about 9k miles on it right now at 23 months in, so I doubt I'll even have 15k on it by lease end.

$1615 with 15k, and I know the owner and how the car was driven.

I might go this route since the MK7 doesn't look like it will be available stateside a year from now.
We'll see...
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Old 11-08-2012, 09:02 PM   #9
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Quote:
Originally Posted by ElectricEye View Post
$1615 to buy it out.
My car only has about 9k miles on it right now at 23 months in, so I doubt I'll even have 15k on it by lease end.

$1615 with 15k, and I know the owner and how the car was driven.

I might go this route since the MK7 doesn't look like it will be available stateside a year from now.
We'll see...
Depending on what model and features, for sure...
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Old 11-08-2012, 09:20 PM   #10
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$1,615? That can't be right.

The residual on my Autobahn is 17,xxx.
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Old 11-08-2012, 09:20 PM   #11
StigsFatAmericanCousin
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Compare the buyout amount to the fair market value. Also, you are basically buying a used car so you won't have any warranty left (unless you buy extended) and your APR may be higher than it is now.
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Old 11-08-2012, 11:20 PM   #12
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Quote:
Originally Posted by TRUboost View Post
$1,615? That can't be right.

The residual on my Autobahn is 17,xxx.
That's what it says.
It's an '11 (leased Dec.2010) 4door, base with sunroof, plus DSG.
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Old 11-08-2012, 11:27 PM   #13
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Quote:
Originally Posted by StigsFatAmericanCousin View Post
Compare the buyout amount to the fair market value. Also, you are basically buying a used car so you won't have any warranty left (unless you buy extended) and your APR may be higher than it is now.
Yes, thank you - I've started to do a bit of browsing on the subject now, and just what you said is true.
I've got a year to mull this over.

It's either:
Purchase my car - it is Shadow Blue after all, I would then probably go stage one, maybe an exhaust...
Insurance should be lower.

Lease a '14 GTI which will be a MK6.

Lease a CC, GLI...

If the 7 was going to be in the showroom I would have gone that route.

There is really nothing outside of VW in this price range - and that suites my requirements - that I like right now.
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Old 11-09-2012, 08:48 PM   #14
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You can call VW Credit at any time and they will tell you your current purchase price. Remember when purchasing your leased VW, there is a purchase option fee ($350) and you may have to pay sales tax on the purchase price. I too have a 2011 GTI and am 2 years into the lease. I will likely buy my GTI or unmodify it and return it.
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