Hey all, I posted this as a response to someone else in a different topic, but I realized that it would be helpful as its own topic. People have been reporting leasing for various prices, but as of now, I can confirm that VW is leasing the e-Golf for $299/month and $2349 due at signing. However, the actual payments are a little higher than we expected and when you break down the fees and taxes, it becomes clearer. Of particular note is that the total cap reduction is taxed as seen below.
Here's the breakdown so that you guys know what to expect:
For the amount due at signing:
cap cost reduction: $10,307.96
reg fees: $316
CA tire fee: $8.75
Electronic veh reg: $29.00
cap reduction tax: $824.64
subtotal: $11849.00
Federal rebate: - $7500
VW rebate: - $2000
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**amount we paid in cash: $2349.00**
For monthly payments:
Vehicle price: $36,123.53
adjusted cap cost (after cap reduction above): $26,520.57
residual value: $14,506.00
depreciation; $12,014.57
rent charge: $73.87
total base payments: $12,088.44
divide by 36 payments...
base per month: $335.79
sales tax (8.0% for us): $26.86
---------------------------
**monthly payment: $362.65**
The annual allotment of mileage is 10k miles/year. Miles over 30k at the end incur a $0.20/mile charge, but in about 14 months or so, we're expecting a call from VW in case we want to add miles at something like $0.12/mile (but don't quote me). Lastly, there is a fee for when you hand the car back at the end of the lease (assuming you don't exercise your purchase option) which I think is $350.
Hope this helps!
-Rachel
Here's the breakdown so that you guys know what to expect:
For the amount due at signing:
cap cost reduction: $10,307.96
reg fees: $316
CA tire fee: $8.75
Electronic veh reg: $29.00
cap reduction tax: $824.64
subtotal: $11849.00
Federal rebate: - $7500
VW rebate: - $2000
----------------------------------
**amount we paid in cash: $2349.00**
For monthly payments:
Vehicle price: $36,123.53
adjusted cap cost (after cap reduction above): $26,520.57
residual value: $14,506.00
depreciation; $12,014.57
rent charge: $73.87
total base payments: $12,088.44
divide by 36 payments...
base per month: $335.79
sales tax (8.0% for us): $26.86
---------------------------
**monthly payment: $362.65**
The annual allotment of mileage is 10k miles/year. Miles over 30k at the end incur a $0.20/mile charge, but in about 14 months or so, we're expecting a call from VW in case we want to add miles at something like $0.12/mile (but don't quote me). Lastly, there is a fee for when you hand the car back at the end of the lease (assuming you don't exercise your purchase option) which I think is $350.
Hope this helps!
-Rachel
