Really depends on how much you put down, where you're located, taxes, etc.
You can go to just about any auto manufacturer's website and get a good estimate there. They usually have a little application that'll do the calculations for you.
May even be able to do it from http://www.kbb.com or http://www.edmunds.com as well.
I am usually not a big fan of leasing but with a new model like this, our business decided to lease. See reasons below...
This lease worksheet tool is awesome! Keep in mind that it may be a few dollars off here and there due to rounding... http://www.catalogquest.com/LeaseCalc.xls
Take this opportunity to do your research on how a lease calculation formula works. Ask your salesperson to give you a copy of the current lease/residual factors on this car as they change monthly. There are a few good web sites and some forums on this site that discuss the science of negotiating a lease.
No offense meant, but buy asking "how much would my payment be" without providing/knowing the total cap cost, residual, mileage allotment, money factor (and how to figure out what the effective interest rate is on the MF), turn-in fee, Origin. fee, etc. you will be playing right into their greedy hands.
If a car salesperson/finance manager ever responds with:
1. Look at that interest rate of .0022. You are leasing this car for like zero interest! or;
2. Well, how much do you want to pay a month?
RUN, DO NOT WALK TO THE DOOR.
Personally, I would suggest leasing over buying a 2004 Touareg. Although we loved our 1998 Passat (First US V6 version), when the 2000 came out, we were glad to return it and walk right into a new/improved version with no money down and no penalty fees. VW Credit is very generous with their loyalty programs.
By leasing, you are locking in a depreciation floor. Keep in mind that even VWoA has no clue as to the success of this brand new model and their bean counters can only guess what the resale value of the car will be in 3+ years. You may even get lucky and find that your car could be worth substantially more than the residual at the end of lease. I've known people that have bought the car at end of lease and turned around and sold it privately for $1,000 profit overnight. Now, if you purchase/finance the car over 3 years, this new model with zero resale record could bottom out. So, if you want to sell it in three years, you may be taking a bath in order to step into a 2006. With the lease, you just walk away from the poor resale hole.
As VWoA is already soliciting input on what to improve, you can all but guarantee that when you walk into the showroom in 3 years, they will have the "2006 Touareg with over 100 improvements."
Before everyone writes me back with all of the pitfalls of leasing - Yes, there is less business expense write-off and there is no principal appreciation. In our situation, we weighed out all of the pros and cons and made our decision. I suggest you do the same!
A lot of VW folks have suggested that you should stay away from the driver's option. Sounds good on paper but there is too much exposure at the end of the program. It calculates like a balloon mortgage on a house. Problem is has a house usually appreciates while most every car depreciates. Maybe the TREG will be the first mass production auto to appreciate since the DeLorean!?!
being a humble finance guy, may I suggest you consider one additional option:
lease the car but don't lease it from VWOA...rather, negotiate a purchase price with the dealer..or easier still, get it at msrp since that seems to be the going rate but then go to an independent leasing outfit. they will give you better terms than vwoa..unless they need to dump the vehicle to clear out inventory..
in LA, we have all kinds of independent leasing outfits..one of the big ones is Executive Car Leasing on Santa Monica Boulevard.
if I were you, I would either go directly through the independent car leasing company and let them negotiate, or...go through an indepedent car broker who will negotiate a great purchase price for you and then you lease through an independent leasing company...
Good point on the third party leasing. I would retort with the old axiom - Don't step over dollars to pick up pennies. In this case, I also put a value on my time and blood pressure. VW Credit may not be the lowest lease factor, but the turn in process, autopay and ability to roll into a new vehicle is worth the $5-15 a month to me.
I've also heard that in extreme cases where people want out of the lease early in order to move to a new model, the VW dealers and VW credit work well together. A third party leasing agent is bound to be less flexible on early swaps and "wear and tear."
No offense to the finance professionals but VW Credit is also a more transparent process. Ask for a printout out of the VW Credit lease rate fax and you can tell if a dealer is building in a commission or "finder's fee". VW clearly shows what a dealer can add in for their pockets.
Like everything else - Do your homework and weigh the pros and cons.
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