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Volkswagen Passat Prices Paid and Buying Experience

3318 messages, Last post on Nov 12, 2009 at 9:57 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| Well, I'm glad I started a meaningful discussion for once but I think the more we analyze the pros and cons of various financial decisions, the more assumptions we are making about people like clscflm's financial standing. When you start talking about 125% mortgages and the like, you break ground into an area where a responsible person is not purchasing any new car(not even our beloved passat). If a person has negative net worth, they ought to focus on changing that before any major purchase, even if their income potential is large in the long run. | |
| Well Said... | |
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I am being offered '01.5 Passat GLX (no 4 motion) Auto w/ in dash CD player for $27,750 (includes dest charge)+ TTL. Is this a good deal? Also, what should my residual value and money factor be for a 36 month lease? Thanks so much. Brian |
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| Mileage on lease is 15k miles. | |
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| Good deal on the GLX - and I've had mine for 375 miles. It is awesome. Real solid. Residual was 56% for 18k, 36 months, can't comment on the 15k. | |
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56% & 0.00280 for .5 GLX |
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I got my new 2002 Passat last week for what I believe was a good deal. It is GLS, Silverstone, grey velour, homelink, luxury package, monsoon sound, and added a cd player. $23,686 + $425(cd)= $24,111(doesn't include tax, title, and license) We have had the car a week and couldn't be happier with it. |
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| Congrats on your new car! Just looked at the new Passats at my local VW dealer and they seem really nice. By my math you got if for over $600 under MSRP - not bad for a 2002. | |
| I have been offered a 2002 GLX Passat 4 Motion wagon at $430 under MSRP. Leasing this for 3 years, I got a 60% residual and a .00290 money factor. The lease terms seem ok, but what's your reaction to the cap cost? I don't want to pay a cap reduction fee either. (I am up in Alaska, so inventories are limited.) | |
| My understanding is discounts are hard to come by in Alaska, so you've done well. It may not be worth it to buy a car in Washington and either drive or ferry it home. | |
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