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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
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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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Yikes! I go on vacation and my thread maxes out in my absence. Thanks so much for all the thoughtful replies. I don't think I'll be buying a beautiful new Passat until I've worked out from under the rest of my debt. Now I just have to figure out what to do with my leased Saturn that I'm about to run out of mileage on -- 1 year early. PS. Off topic -- but Teddy Roosevelt National Park in ND is incredible! Drive your Passat up there next summer :--) |
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