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Volkswagen Passat Prices Paid and Buying Experience

3318 messages,  Last post on Nov 12, 2009 at 9:57 AM

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What is this discussion about? Volkswagen Passat, Sedan, Wagon

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#1484 of 3318 Price for 2001 New Passat GLX V6 4dr sedan (5M) by huiman Nov 11, 2001 (4:54 am)
Hi, all,   I'm new here. My wife is looking for a new VW. The largest VW dealer in Fairfax, Virginia asks for $24,945+Tag+Delivery+Tax for the above sedan. I went there on Monday and yesterday, I found something strange. The strange thing is the car I saw on Monday has mileage 505 and a sale person showed me that too. However yesterday I saw it have 165 mile. Therefore, the dealer may have severals in stock. I'm asking for a couple hundred dollar, say $500 less than that sticker price.   I have emailed and gone to several local dealers, and got a feeling that the overall price for any 2001 VW sedan must be at least couple of hundred dollars less than Edmund's True Market Value which is below its invoice. Even for 2002 VW sedans, $2000 less than the MSRP is normal here. My point is how low it can be for buying the above car. Is there any buyer at Greater DC area who has got true market value deal? Thanks for going to be be my market indicator. It's not necessary for the same deal we're looking for, any information on your excellent deal for 2001 VW New Passat V6 or Jetta V6 or 4Motion is welcome.
#1485 of 3318 mcpsdna2 by raybear Nov 12, 2001 (1:23 pm)
Sounds about right, though you may have to shop around a bit. Remember there are extra fees the dealers pay, not just what you'll find here at Edmunds.
#1486 of 3318 VW and Holdback?? by pamlac Nov 17, 2001 (7:02 pm)
In the market for a new car and love the 02 Passat. Went to a VW Dealer to discuss pricing and wanted to negotiate from the dealer's actual cost (invoice-2% of msrp dealer holdback). The salesman said there was no holdback, then wanted me to pay 5% over invoice (26114 + 5% = 27419). True or False, is there a 2% VW holdback and is 27419 a good price on a 5speed Passat GLX? Edmunds says there is. Anyone else experience this?
#1487 of 3318 Pam... by vwguild Nov 17, 2001 (7:56 pm)
Invoice is $26781.00...   Base Price = $26,114.00 Port Prep = $25.00 FPIR = $92.00 Destination = $550.00   Holdback is actually 3% minus Destination...   Holdback is generally not a negotiating point, unless the dealership has so many DOG CARS; they cannot get out from under it all...They are over- whelmed with Distress Merchandise, which is not the case with the Passat GLX in any configuration.   If you go to the home page here you will be able to get Edmund's perspective and if you go to www.vwvortex.com and click on *Forums* and then *Volkswagen* and then "Passat B5" you will find a *thread* titled *Is This a Good Deal?*. There you will find a reasonably succinct definition of what *Holdback* is, and the way in which it is dealt with as an accounting entry.   You might also want to check out Edmund's True Market Value link on the home page.
#1488 of 3318 need advice by mwalsh2 Nov 19, 2001 (3:32 pm)
I should start by saying I've never purchased a car. I'm on my 3rd lease. I have made the decision to buy. I currently lease a 99 (old body) vw jetta. My lease doesn't run out until October 2002, but I only have 2,000 miles left and with my job i'll be lucky if that gets me to the middle of December 2001.   My questions: I want to buy a Passatt, manual transmission. I don't need any extras. Will VW make me finish my lease payments on my Jetta? They are only $255 and I have 10 left. I know if I go to another car maker they have offered to pay off my lease, buy I really want a VW.   Also, what is a good amount of money to put down?
#1489 of 3318 call up the bank... by cupholder1 Nov 19, 2001 (4:26 pm)
and find out your payoff amount, then get an estimate on your current's car value (check out TMV and KBB). If your payoff is around the trade in value, it is your lucky day. But with all those miles, you're more likely "buried" (upside down), and will have to pay the difference to the dealer between what your car is worth and what the payoff amount is.
#1490 of 3318 Pay off your lease? by afk_x Nov 19, 2001 (4:48 pm)
There is no way any other manufacturer is going to "pay off your lease"   The money has to come from somewhere.
#1491 of 3318 any lease... by cupholder1 Nov 19, 2001 (4:57 pm)
has a payoff amount, just like a financed car. the term "lease payoff" refers to the cost of buying out the lease today, which means you now own the car. any dealership will do this, just like with a financed car. there really isn't any difference between the two.   when you owe more than what the dealer is willing to pay, you are upside down, and the leftover debt from the previous lease/finance is rolled over into the new lease/purchase.
#1492 of 3318 Buying a 1.8 tip soon... by g2g Nov 19, 2001 (5:42 pm)
Hi everyone. I'm new and have been reading this forum regularly. I'm about to pull the trigger on a 1.8 Tip, luxury, leather, monsoon, Silverstone in So. Calif. I was quoted $500 over invoice, but they won't budge on $200+ advertising fee and $90+ "flooring" fee? Is this what everybody else had to pay? Thanks!   g2g
#1493 of 3318 g2g by raybear Nov 19, 2001 (6:03 pm)
That's right, those fees are real. I've seen better than $500 over, I just got one for $200 over in the Bay Area, of all places! Of course, that is $200 over the actual invoice, not the number you'd find at Edmunds or most internet sites.

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