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Used Cars/Buying a jetta, some questions.

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Hi, i am going to buy a 2010 jetta limited edition with 16K miles which is still under years of power warranty. The car looks great and I have check the carfax which shows the car is clean title and clean carfax. Is it a good dealing to buy that car in the price of 13.5K? Someone tells me that it is more expensive to maintain a German car than Japanese car. And the reliability of a VW is not better as Toyota and Honda as there is often small problems with VW car. Is that right?
I am a graduate student and I wanna a car with high reliability as I have no time and money to always fix the car. So is it good to buy a VW car? If so, what price is a good deal for this jetta? Thanks!

Answer
Jetta  Book  Sheets
Jetta Book Sheets  
Hi Evan
Based solely upon the vehicles Book Values and the Mannheim Market Report this would appear to be a decent enough price. BUT then I went to Edmunds.com to check and see how aggressive the incentives were on the 2012 and 2013 model years and I changed my mind. Why?

Because when the factory puts really aggressive incentives on a brand new car like VW has on the Jettas then you need to stop and reconsider what the super low mile late model cars should now be worth in light of the fact that they have to compete with the new ones.  
Special APR Month Term Start End
0% 12 11/01/2012 01/02/2013
0% 36 11/01/2012 01/02/2013
0% 48 11/01/2012 01/02/2013
0% 60 11/01/2012 01/02/2013
0% 66 11/01/2012 01/02/2013
0.75% 72 11/01/2012 01/02/2013
Dealer Cash Incentive 1

Requirements and Restrictions:

•Dealer Cash is available towards leasing or retail purchases. Offer may NOT be combined with Volkswagen Credit Special APR, Special lease rates, VCI Lease Bonus or APR Bonus programs.
Dealer Cash Start End
$1,000 11/01/2012 01/02/2013


FOR 2013 MODEL YEAR JETTAS:

Special APR Incentive 1

Requirements and Restrictions:

•Vehicle must be financed through Volkswagen Credit.
Special APR Month Term Start End
0% 12 11/01/2012 01/02/2013
0% 36 11/01/2012 01/02/2013
0% 48 11/01/2012 01/02/2013
0% 60 11/01/2012 01/02/2013
0% 66 11/01/2012 01/02/2013
0.75% 72 11/01/2012 01/02/2013
WITH NO DEALER CASH

NOW...0% interest is a big deal and .75% interest for 72 months is a big deal ...DID YOU KNOW THAT:

If you finance 20,000 at .75 for 72 months your payment would be approx 284.00 without sales tax included  

AND

If you finance 15,000 for 60 months at 4.99 (used car rates) your payment would be 283.00 per month AND you would be driving a NEW Jetta with 16 miles and not 16,000 miles. Something to think about for sure. No repair bills for a LONG LONG TIME.

If the car you are describing to me has a book value (wholesale) like the one I attached to this response then I would want to be no more than 12-12,500. 0% and .75% interest is worth around $3,000 in savings. PLUS you can use KBB.com to find out the dealers invoice number of a new one...

Are the German's better automakers than the Japanese? I think they are in an entirely different leagues ...Honda and Toyota used to make better cars but for the last 12 years or as but since then the mystique has continued (with a few chinks in their armor# only because they attract better buyers and more responsible owners. I would far and away rather drive a VW or a BMW than a Honda Toyota anyday. The Jetta's do sometimes have issues with O2 sensors and the stand behind their warranties ...no problem there.

I hope all of that didn't muddy the water too much ...I am all yours to ask as many follow up questions as you want until you are completely satisfied with the answer and can in good conscience give me perfect 10's and maximum bonus #ego) points when they send you a survey

My direct e-mail address is roadloans@gmail.com

Can't wait to hear what you decide ...

Rog
PS... EVAN   I just received your ratings

I have been answering questions here for two years and pride myself in answering each person's question as thoroughly and completely as possible and even provide them with my private e-mail address in case they had any follow-up questions now or in the future.... In other words I go above and beyond the call of duty. In those two years I have never received anything less than a 10 for my efforts in any of the categories. Was this a typo or did you mean to rate my response this low?

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Roger Alvey

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I can answer any question about the car buying process. I am a recognized industry expert on all issues regarding auto finance, including sub prime and buy here pay here financing, I can answer questions about car lock out systems, GPS monitoring by your bank, and about auto recovery methods and defenses. I am a 20 yr car industry expert and can tell you what to look for in a used car, how to negotiate the deal, help with how to market your own car, and how to negotiate with the internet department of any car store. I can tell you every single way the dealer is set up to beat you and how to avoid those traps, I can discuss all aftermarket and extended service contract products you will be offered in the finance process, I have lectured extensively on "The Best Way to Buy a Car" to civic groups and university students. I am a credit expert and can tell you what the dealer and banks are looking for and the rate you can expect to pay. CHECK OUT MY WEBSITE AT http://thecarguyz.wordpress.com/

Experience

20 years industry experience in top management of dealerships and dealer groups. Recognized industry expert since 2004 in the Top 10 industry experts for The Gerson Lehrman Groups Auto Industry Council. I also do consulting work for Experts360, Atheneum Partners, Expert Connect and Coleman Research. I have been a franchise owner and understand all facets of the auto industry from the time the car leaves the factory until it leaves the lot with it's new owner. I have written training materials for both the prime and the subprime sales and finance process.

Organizations
NADA, OADA, NFIB, State Certified Used Car Appraiser

Publications
Special Finance Insider, Dealer, and Automotive News, Gerson Lehrman Group Auto Industry Council News (frequently, various industry websites and blogs including my own blog at http://thecarguyz.wordpress.com/

Education/Credentials
Willamette University - Salem Oregon BA Economics Willamette University Graduate School of Business - Econometrics Statistics

Awards and Honors
GM's Award of (their most prestigious award) Given to Dealers who surpass their annual benchmark planning volume while also maintaining Top Box (top 5%) CSI

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Citadel Investment Group , Summit Partners US ,Broad Peak Investment Management, Nautic Partners, LLC, Hellman & Friedman Investors, L.P. and over 40 additional money managers, hedge funds and research groups

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