Can you share the terms presented to you?I went to the dealer in Florida two days ago to receive my ID4 ordered on Sep 23rd 2020 at 1pm ( 2 hours after the launch). The car was beautifully clean waiting for me.
For my surprise, the lease “package” presented to me was about U$ 200 per month higher than a lease of another VW vehicle of same price. All other conditions being the same .
Basically, about U$ 7,000 “premium” to be able to lease this car instead of paying cash or buying another model.
It was a major deception, mainly having waited for over 6 months and having spent the last two months without a car waiting for the ID4. During this time many times I received messages and advertisements mentioning the aprox price and lease values.
We have had Volkswagens since I was born.
My father had the same 1966 beetle for 19 years.
I have had 3 beetles, 2 Santanas, 2 Paratis,3 Passats, 1 Santana Quantum, one Santana Executivo , one GTS and more recently the Atlas.
All VW products I had here in the US and in Brazil.
My major in college was electrical engineering. The anticipation of having my first electric car and being the first ID4 delivered by my dealer of choice was great. A fantastic feeling, shared with family , friends and the salesperson, another friend of years.
The moment the numbers did not make sense this week felt like someone destroyed the VW logo right in front of me. I feel terrible. All the preparation , for this? I always thought we were together into the future with this innovation. You built if for me and I would drive it for you (and pay for the use, of course), I thought. But , I feel that for some reason VW prefers to give the car to someone else that will pay more for the same loan. As simple as that.
It sucks.
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I went to the dealer in Florida two days ago to receive my ID4 ordered on Sep 23rd 2020 at 1pm ( 2 hours after the launch). The car was beautifully clean waiting for me.
For my surprise, the lease “package” presented to me was about U$ 200 per month higher than a lease of another VW vehicle of same price. All other conditions being the same .
Basically, about U$ 7,000 “premium” to be able to lease this car instead of paying cash or buying another model.
It was a major deception, mainly having waited for over 6 months and having spent the last two months without a car waiting for the ID4. During this time many times I received messages and advertisements mentioning the aprox price and lease values.
We have had Volkswagens since I was born.
My father had the same 1966 beetle for 19 years.
I have had 3 beetles, 2 Santanas, 2 Paratis,3 Passats, 1 Santana Quantum, one Santana Executivo , one GTS and more recently the Atlas.
All VW products I had here in the US and in Brazil.
My major in college was electrical engineering. The anticipation of having my first electric car and being the first ID4 delivered by my dealer of choice was great. A fantastic feeling, shared with family , friends and the salesperson, another friend of years.
The moment the numbers did not make sense this week felt like someone destroyed the VW logo right in front of me. I feel terrible. All the preparation , for this? I always thought we were together into the future with this innovation. You built if for me and I would drive it for you (and pay for the use, of course), I thought. But , I feel that for some reason VW prefers to give the car to someone else that will pay more for the same loan. As simple as that.
It sucks.
For my surprise, the lease “package” presented to me was about U$ 200 per month higher than a lease of another VW vehicle of same price. All other conditions being the same .
Basically, about U$ 7,000 “premium” to be able to lease this car instead of paying cash or buying another model.
It was a major deception, mainly having waited for over 6 months and having spent the last two months without a car waiting for the ID4. During this time many times I received messages and advertisements mentioning the aprox price and lease values.
We have had Volkswagens since I was born.
My father had the same 1966 beetle for 19 years.
I have had 3 beetles, 2 Santanas, 2 Paratis,3 Passats, 1 Santana Quantum, one Santana Executivo , one GTS and more recently the Atlas.
All VW products I had here in the US and in Brazil.
My major in college was electrical engineering. The anticipation of having my first electric car and being the first ID4 delivered by my dealer of choice was great. A fantastic feeling, shared with family , friends and the salesperson, another friend of years.
The moment the numbers did not make sense this week felt like someone destroyed the VW logo right in front of me. I feel terrible. All the preparation , for this? I always thought we were together into the future with this innovation. You built if for me and I would drive it for you (and pay for the use, of course), I thought. But , I feel that for some reason VW prefers to give the car to someone else that will pay more for the same loan. As simple as that.
It sucks.
1 - 20 of 76 Posts
Can you share the terms presented to you?
Might want to contact VW Customer care and have them talk to the dealership.
What you posted here, copy and paste and post on Google Reviews and the Dealer's Facebook page. And yes, contact VW Customer care. Don't give up.
Sticker: U$ 45,000Can you share the terms presented to you?
Less $ 7,500 gov incentive
39 month lease with $2,000 down
$620,00 per month
I DID NOT BUY THE CAR
You could show them a screenshot of the leasing info that VW credit offered you when you ordered your FE. Here is a thread showing lease numbers $628/mo in CA that others were offered:
Final VW ID.4 Lease Numbers (March 2021) - Lease Calculator
It really varies based on your state sales tax and many other factors. Its hard to compare with other cars (even VW) since they have different residual values that make a large difference. I notice FL has a high 6% sales tax that really bumps up a lease price (then add any local tax, so almost as bad as CA sales tax - and that made the lease $628/mo with no funny business)
Final VW ID.4 Lease Numbers (March 2021) - Lease Calculator
It really varies based on your state sales tax and many other factors. Its hard to compare with other cars (even VW) since they have different residual values that make a large difference. I notice FL has a high 6% sales tax that really bumps up a lease price (then add any local tax, so almost as bad as CA sales tax - and that made the lease $628/mo with no funny business)
$39,9951
As low as
$32,4952(after potential federal tax credit)
Estimated Lease Payment
$379/month for 36 month lease. $3,579 due at signing. Excludes tax, title, license, options, and dealer fees. No security deposit required. For highly qualified customers through Volkswagen Credit.
off VW website, so your MSRP is higher your Down payment is lower and thats not taxes and fees either also I do believe thats 10k miles too so if you did more miles its not the same either
As low as
$32,4952(after potential federal tax credit)
Estimated Lease Payment
$379/month for 36 month lease. $3,579 due at signing. Excludes tax, title, license, options, and dealer fees. No security deposit required. For highly qualified customers through Volkswagen Credit.
off VW website, so your MSRP is higher your Down payment is lower and thats not taxes and fees either also I do believe thats 10k miles too so if you did more miles its not the same either
This price is for the second edition on.$39,9951
As low as
$32,4952(after potential federal tax credit)
Estimated Lease Payment
$379/month for 36 month lease. $3,579 due at signing. Excludes tax, title, license, options, and dealer fees. No security deposit required. For highly qualified customers through Volkswagen Credit.
off VW website, so your MSRP is higher your Down payment is lower and thats not taxes and fees either also I do believe thats 10k miles too so if you did more miles its not the same either
This is a price of the Pro. FE is 5-6k more.This price is for the second edition on.
I guess the better question is what we’re you expecting to pay per month?
It’s extremely difficult to evaluate a lease without knowing all the details. What is the selling price of the vehicle, presumably MSRP? What’s the dealer contribution, if any? Are they giving you the full $7,500 Federal credit as an incentive? How many miles per year? What is dealer charging for fees? What are state fees? What is the money factor? What is the residual they quoted you? Florida charges 6% on the base monthly payment, and there are also county taxes on the base monthly payment. Lots of info needed to determine whether or not the dealer was taking you for a ride, no pun intended.
To be honest, $620/month all-in seems plausible given a good chunk of your down payment will be eaten up by fees and the first month’s payment (i.e., very little CCR from the $2k). The numbers VW’s been quoting on their site are for a Pro model, not a 1st Edition, by the way, with only 10,000 miles/year.
To be honest, $620/month all-in seems plausible given a good chunk of your down payment will be eaten up by fees and the first month’s payment (i.e., very little CCR from the $2k). The numbers VW’s been quoting on their site are for a Pro model, not a 1st Edition, by the way, with only 10,000 miles/year.
This is a price of the Pro. FE is 5-6k more.
I guess the better question is what we’re you expecting to pay per month?
I am just alerting within the forum about the overprice. A lease for $38,000 in 39 months with $2,000 down and $ 620.00 /month will translate in a ridiculous interest rate that will result in $7,000 over payment.It’s extremely difficult to evaluate a lease without knowing all the details. What is the selling price of the vehicle, presumably MSRP? What’s the dealer contribution, if any? Are they giving you the full $7,500 Federal credit as an incentive? How many miles per year? What is dealer charging for fees? What are state fees? What is the money factor? What is the residual they quoted you? Florida charges 6% on the base monthly payment, and there are also county taxes on the base monthly payment. Lots of info needed to determine whether or not the dealer was taking you for a ride, no pun intended.
To be honest, $620/month all-in seems plausible given a good chunk of your down payment will be eaten up by fees and the first month’s payment (i.e., very little CCR from the $2k). The numbers VW’s been quoting on their site are for a Pro model, not a 1st Edition, by the way, with only 10,000 miles/year.
Contact [email protected]. Make your email attention Dustin Krause (Director).I went to the dealer in Florida two days ago to receive my ID4 ordered on Sep 23rd 2020 at 1pm ( 2 hours after the launch). The car was beautifully clean waiting for me.
For my surprise, the lease “package” presented to me was about U$ 200 per month higher than a lease of another VW vehicle of same price. All other conditions being the same .
Basically, about U$ 7,000 “premium” to be able to lease this car instead of paying cash or buying another model.
It was a major deception, mainly having waited for over 6 months and having spent the last two months without a car waiting for the ID4. During this time many times I received messages and advertisements mentioning the aprox price and lease values.
We have had Volkswagens since I was born.
My father had the same 1966 beetle for 19 years.
I have had 3 beetles, 2 Santanas, 2 Paratis,3 Passats, 1 Santana Quantum, one Santana Executivo , one GTS and more recently the Atlas.
All VW products I had here in the US and in Brazil.
My major in college was electrical engineering. The anticipation of having my first electric car and being the first ID4 delivered by my dealer of choice was great. A fantastic feeling, shared with family , friends and the salesperson, another friend of years.
The moment the numbers did not make sense this week felt like someone destroyed the VW logo right in front of me. I feel terrible. All the preparation , for this? I always thought we were together into the future with this innovation. You built if for me and I would drive it for you (and pay for the use, of course), I thought. But , I feel that for some reason VW prefers to give the car to someone else that will pay more for the same loan. As simple as that.
It sucks.
There was a similar problem last week with a dealer in Virginia. He personally went to the dealership for the sales/lease transaction between the customer and the dealer. In the end, the dealer took off all charges above MSRP. This has happened several times in the last couple of weeks. Look up on this forum "VW Responds to Dealer Bad Business Practices". You will see a whole thread of the problem being worked with VW doing the right thing once made aware.
This is still not enough info to see if there is any overprice. In my link above that gave a lease price of $628, the MF was 0.0143 and is 3.43% which is good for a lease, and looks similar to yours. Here is a link to a leasehakr with the best guess at your many missing numbers, and it comes to $606 a month:I am just alerting within the forum about the overprice. A lease for $38,000 in 39 months with $2,000 down and $ 620.00 /month will translate in a ridiculous interest rate that will result in $7,000 over payment.
link to a leasehakr
There used to be a car company that would advertise "Sign & Drive."Here is my lease (CA) if it helps anyone.
I drove away with nothing more than a signature. This should be .000143 money factor with a 49% residual. Sales tax is between 8.25 and 9%.
Nice to see you could use the Federal Credit for the fees and first month payment.
👍🏼Here is my lease (CA) if it helps anyone.
I drove away with nothing more than a signature. This should be .000143 money factor with a 49% residual. Sales tax is between 8.25 and 9%.
So I'm looking at my lease paperwork, and I'm looking at your lease paperwork. I see something in both that I don't understand.Here is my lease (CA) if it helps anyone.
I drove away with nothing more than a signature. This should be .000143 money factor with a 49% residual. Sales tax is between 8.25 and 9%.
The capitalized cost reduction (7B) was reduced by the cost of the first month's payment (A3). So it's like part of your $7500 rebate went to the first payment but didn't reduce the amount you were borrowing.
It seems like they're taking a payment, not giving you (or I) credit for it, and saying we owe them 36 more of the same.
Am I missing something? Does a 36 month lease somehow involve 37 payments?
I started investigating this after I realized I walked out without making them apply the $500 I'd already put down... I really wish I would have walked out of there not letting these mistakes happen.
I know for certain that I want my $500 back, and unless someone can explain to me why an upfront amount equivalent to one of the monthly payments doesn't count, I will ask for that money back as well.
The "drive-off" costs of a lease include the first month payment (and other fees). If you look at 3A you'll note that I only have 35 more payments after my "first" payment on 4/2/2021 (the date I bought it; that was paid by the $7,500). Section 7 details the lease terms, which is why it has 36 total payments calculated. I will only pay 35 more times starting next month (and I haven't paid anything, yet).
Just closing the loop here as well in case anyone reads this later. I think I made an error in inputting data into a lease calculator to validate my paperwork, and also was misunderstanding how the paperwork itself was presenting the information.The "drive-off" costs of a lease include the first month payment (and other fees). If you look at 3A you'll note that I only have 35 more payments after my "first" payment on 4/2/2021 (the date I bought it; that was paid by the $7,500). Section 7 details the lease terms, which is why it has 36 total payments calculated. I will only pay 35 more times starting next month (and I haven't paid anything, yet).
Everything appears to check out with regard to that, though I still need to go after my $500 which was an error of omission on their side that I told myself to remember, but forgot in the moment.
The lease the OP shared is bad, but it's not the dealers fault. The ID.4 just doesn't lease very well right now, because they're being conservative with the residual, there are no incentives aside from the $7,500 tax credit pass-through, and the MF is high.
Lease programs are set based on supply and demand, and at the moment, demand for ID.4 is high and there's no need to support the lease with subvented rates and incentives. Wait a year or two for the programs to improve. If you want a good lease deal, then get an Audi e-tron. Last month, those were leasing for under $500/month on a $70K car.
Lease programs are set based on supply and demand, and at the moment, demand for ID.4 is high and there's no need to support the lease with subvented rates and incentives. Wait a year or two for the programs to improve. If you want a good lease deal, then get an Audi e-tron. Last month, those were leasing for under $500/month on a $70K car.
1 - 20 of 76 Posts
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