It is an SE, yes. It is great. MQB is a great platform and VW nailed the facelift.max225 wrote: ↑Mon May 21, 2018 2:22 pmThanks for posting the deets. I feel like they were missing and I actually searched in other threads.razr390 wrote: ↑Mon May 21, 2018 2:15 pm
Hello. White egg was registered to my dad, so he flew in the weekend of the to “return” the MK6. MK6 lease payments were $477/month, and I returned the vehicle with 67,675 (approx. 7,675 miles over). The mk6 had 2 payments left on the car, plus mileage overages that we paid up front (put it into the MK7.5 and then put $2,500 down to get approved on the loan).
MK7.5 came out to $530/month for 72 months at 5.64% (with dad as a co-signer but not co-owner). This includes GAP insurance and Road Hazard package . The main reason I elected to even fathom a 72 month loan is the 6/72,000 warranty. The MK7.5 was, if you don’t factor the remaining lease payments and mileage fee, acquired for sticker price OTD (including tax/title/etc).
I qualified for recent graduate, SCCA partner, and some MFR rebates which took a few thousand off the car.
All in all, never leasing again, and the interest rate is a bit higher because I am 23 with minimal credit history and a somewhat poor credit score (due to my parents putting me on some of their accounts and then electing to consolidate without removing me). This will be a keeper for the long haul, and considering I work for PenFed I will re-finance 6-12 months down the road.
Also, elected to buy my mk6 so I was absolved of any other fees including wear & tear, maintenance, disposition, etc.
I plan on keeping the GTI for 72,000 at minimum, if not for as long as I can since this would be the first “car that’s mine on my name” sort of thing.
All in all, I am paying insurance and difference, and parents are paying $500 of the total payment. So I’m payinf about $200/month more than I was before (insurance is $170/mo for full coverage). I am saving my parents the insurance payment so they’re happy with that and we will slowly transition into me paying more and more as pay goes up for my job/career trajectory.
deal... so the VW cost around ~2500 to turn in ($1500 for miles and $1000 for payments)?
~530x72 is around 38k... so I am assuming you got the car for around 32k OTD and rest is interest...? 5.6% isn't "bad" per say... that's a long ass loan.
How are you liking the MK7 so far? What spec is it ?SE ?
$32,800 ORD + GAP insurance ($7-8xx) + road hazard ($850) so the remaining would be interest, yes. And it got me out of a shit lease deal. All in all I think it was the best outcome in terms of circumstances and context of deal.