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Is VW of SF ripping me off? (OTD quote for VW FE ordered on 9/23)

4409 Views 18 Replies 14 Participants Last post by phaminator, Mar 11, 2021

Hamreno

Discussion Starter · Mar 9, 2021

I picked VW of SF as it's the closest to me when I ordered by FE on 9/23. I asked the salesperson who picked up the phone to give me the Out-the-Door quote so I could get a sense of what I'd need to make the purchase when it arrives (expecting 3-4 weeks). The salesperson pushed me hard to get a lease (even though I said I'm not interested in that), then sent over this out-the-door cost estimate (attached), which includes a handwritten note from him for "Cash".
I asked if he would apply the $1500 California Clean Fuel Reward at the point of purchase (Tesla does this) and he told me that's not how the CA rebate works. Is he right?
CleanFuelReward specifically states:
"Participating retailers will include the reward in the sales transaction when purchasing your new vehicle."

I'm worried they're adding extra fees (acquisition fee?) and not providing purchase credits they could for a cash buyer. Am I wrong?

I'd love some input from the community on whether I should try to switch dealers (if that's even possible).

quote attached

Thanks!

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1 - 19 of 19 Posts

onie

· #2 · Mar 9, 2021 (Edited)

MF inflated

ErickF

· #3 · Mar 9, 2021

$1,195 destination charge is missing or not itemized.

ChristophW

· #4 · Mar 9, 2021

Tax on collected items and acquisition fee seem bogus.

ErickF

· #5 · Mar 9, 2021

The rate .002 (4%) is substantially higher than the .00143 (3.432%) Leasehackr noted.

Edmunds says this should be negotiable based on the dealer "buy rate."

help.edmunds.com

Looking to lease? Read our car leasing basics.

Leasing a new car can be a great choice if you prefer to get a new car every two or three years. But let’s face it: the whole process can be a little intimidating, especially for someone new to lea...

help.edmunds.com

help.edmunds.com

.

Mark Magiera

· #6 · Mar 9, 2021 (Edited)

the sales rep can GFH. Go back. Bring a lighter. Stand in front of him & light it. Drop it on the floor & walk out.

If they are claiming the $7500 then the residual is not $21,557.55, it is $14,057.55. $35,221.35

TimD

· #7 · Mar 9, 2021

Hamreno said:
I picked VW of SF as it's the closest to me when I ordered by FE on 9/23. I asked the salesperson who picked up the phone to give me the Out-the-Door quote so I could get a sense of what I'd need to make the purchase when it arrives (expecting 3-4 weeks). The salesperson pushed me hard to get a lease (even though I said I'm not interested in that), then sent over this out-the-door cost estimate (attached), which includes a handwritten note from him for "Cash".
I asked if he would apply the $1500 California Clean Fuel Reward at the point of purchase (Tesla does this) and he told me that's not how the CA rebate works. Is he right?
CleanFuelReward specifically states:
"Participating retailers will include the reward in the sales transaction when purchasing your new vehicle."

Those are two different programs. The California Clean Fuel Reward project is a point-of-sale reward, like you said. Contrast that with the California Clean Vehicle Rebate Project in which the customer receives the rebate after the purchase (although there's a pilot program going on in San Diego county to allow a point-of-sale rebate: Rebate Now).

Kitt

· #8 · Mar 9, 2021

VW of San Francisco is listed in the Clean Fuel Reward list, but apparently their "EV specialist" isn't very familiar with the program. FWIW, VW of SF is NOT participating in the Clean Vehicle Assist and Bay Area Air Quality Management programs. If you qualify and were considering applying for those, you're out of luck unfortunately.

jdaytonps54

· #9 · Mar 9, 2021

The acquisition fee is typical for leases, not for purchases...

michael

· #10 · Mar 9, 2021

The deal sheet you shared is for a lease, hence the acquisition fee.

Dealer forgot to include destination fee as part of MSRP. Cash price should be:

(45,190*1.085)+(85*1.095)+590+8.75+30 = $49,752.97

Clean Fuel Reward is a point-of-sale $1,500 rebate, bringing cash price for you down to $48,252.97. Seems like dealer is unaware that it's a point-of-sale rebate.

Reactions: 1

Tinman

· #11 · Mar 9, 2021

I'm missing out on where they came up with the 46+3=49% residual?

michael

· #12 · Mar 9, 2021

Tinman said:
I'm missing out on where they came up with the 46+3=49% residual?

Residual for ID.4:

15k/year: 46%
12k/year: 48%
10k/year: 49%

Reactions: 1

SunWizard

· #13 · Mar 9, 2021

That MF is a little high but it depends on your credit rating.

TT97

· #14 · Mar 9, 2021

SunWizard said:
That MF is a little high but it depends on your credit rating.

Either that or they are marking up the MF to pocket the difference.

onie

· #15 · Mar 9, 2021 (Edited)

michael said:
Residual for ID.4:

15k/year: 46%
12k/year: 48%
10k/year: 49%

SunWizard

· #16 · Mar 10, 2021

That MF is equal to 4.8% APR. With good credit, you can get a loan from places like Clean Energy Credit Union for half that APR at 2.49%.

Reactions: 1

Ma973

· #17 · Mar 11, 2021

Hamreno said:
I picked VW of SF as it's the closest to me when I ordered by FE on 9/23. I asked the salesperson who picked up the phone to give me the Out-the-Door quote so I could get a sense of what I'd need to make the purchase when it arrives (expecting 3-4 weeks). The salesperson pushed me hard to get a lease (even though I said I'm not interested in that), then sent over this out-the-door cost estimate (attached), which includes a handwritten note from him for "Cash".
I asked if he would apply the $1500 California Clean Fuel Reward at the point of purchase (Tesla does this) and he told me that's not how the CA rebate works. Is he right?
CleanFuelReward specifically states:
"Participating retailers will include the reward in the sales transaction when purchasing your new vehicle."

I'm worried they're adding extra fees (acquisition fee?) and not providing purchase credits they could for a cash buyer. Am I wrong?

I'd love some input from the community on whether I should try to switch dealers (if that's even possible).

quote attached

Thanks!

I ordered from VW of SF as well (First Edition), and haven't heard a peep from them. Not a single call or email since I placed my order 9/23. I'm in a position where this car is for my wife and her car isn't up until September, so if they don't have the $1500 CA point of sale credit or they add ADM, I'll just wait on it and see if there are better deals in September. Or I'll see what types of deals the new crossover EVs like Nissan, Hyundai, Audi or the Bolt EUV have going on at the time. I like the ID4 a lot, but getting an Ellis Act eviction notice from my landlord on Friday is changing the calculus for me a bit.

Mark Magiera

· #18 · Mar 11, 2021

SunWizard said:
That MF is equal to 4.8% APR. With good credit, you can get a loan from places like Clean Energy Credit Union for half that APR at 2.49%.

I found the same rate with Thrivent for Lutherans CU.

phaminator

· #19 · Mar 11, 2021

Trying to price out how you got that @ $570 a month at the SF VW site - New 2021 Volkswagen ID.4 For Sale at Volkswagen San Francisco | VIN: WVGDMPE29MP007322

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