Updated 2017 VW e-Golf Gets $279/Month Lease Deal

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Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - September 15, 2017

Contents

Although it will get an updated look, the 2017 e-Golf's main selling point will likely be its improved range of 125 miles, about a 50% increase over the previous year. With an MSRP of $31,315 including destination, the car has been priced to go head-to-head with its chief competitor, the Nissan LEAF.

Based on initial guides sent to dealers, we now know how much the e-Golf will cost to lease. At $279/month, it will be considerably more expensive than a LEAF. In the case of the well-equipped SEL, the vehicle is actually set to cost more than the all-new Chevy Bolt EV.

So how much will the e-Golf cost to lease? What options will you have for financing? Here's what you need to know.

Offer Details

Program documents reveal the 2017 e-Golf will debut with a lease starting at $279 for 36 months with $2,349 due at signing. Factoring in the payment and amount due, the effective monthly cost of this lease comes out to $344. A fairly standard 10,000 mile per year driving allowance is included.

For comparison, last year's e-Golf is priced from $159/month with all else equal. That's a difference of $120 (per month!). The vehicle will also be $59 more expensive than a 2017 Nissan LEAF S ($285), $108 more than a FIAT 500e ($236) and $129 pricier than a Ford Focus Electric ($215), the best EV lease at the moment.

As usual, offers on the e-Golf factor-in a $7,500 tax credit but don't reflect any additional savings gained from the Clean Vehicle Rebate (CVRP) here in California. It's worth $2,500 for most buyers but varies based on income. If you think the base e-Golf is pricey, just wait till you hear about the range-topping SEL.

The SEL will start at $399/month, again with all else being the same. Next to the base model, that's a difference of $120. With an effective cost of $464, it'll be pricier than a $50,995 BMW i3 with Range Extender ($447). The SEL is even set to cost more than a 238-mile Chevy Bolt EV ($413 nationally).

Incentives for buying an e-Golf are available, too.

All versions will be eligible for 0% financing for 60 months, or 0.9% APR for 72 months. Officially, there's no cash incentive. Unofficially, dealers will have $4,000 in unadvertised incentives to help enable competitive pricing. It may or may not be passed along, which makes for potential to see large variations in price between dealers.

For comparison, the 2016 e-Golf currently features 0% APR for 72 months plus an advertised bonus of $6,000. That's a slight advantage over the 2017 Nissan LEAF, which has offered 0% APR for 72 months plus $4,000 cash for months. A more useful comparison should emerge once the 150-mile 2018 LEAF goes on sale early next year.

For now, shoppers have some new options to consider. Like most offers on the e-Golf, the promotions listed above are available in California, Connecticut, Washington D.C., Massachusetts, Maryland, Maine, New Jersey, New York, Oregon, Rhode Island and Vermont.

Learn more about the new e-Golf »

, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website