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Volkswagen Passat Prices Paid and Buying Experience

3271 messages,  Last post on Oct 06, 2008 at 10:19 PM

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

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#1552 of 3271 I'm sure she did by ghulet Jan 28, 2002 (2:17 pm)
I haven't followed up with her today or seen any of the paperwork. I think, despite being a lawyer (so she should know her legalease), she was a bit too eager and didn't quite do her homework. This was her first new car purchase. I'm pretty sure her term is 48 months.   She bought it at Autobarn, Evanston, IL. I think she was going back today to try to re-do the deal. She drove the car home on Saturday night and didn't use it all weekend, so hopefully she can work something out (like getting out of the lease and getting a loan).   Maybe I'm 'missing something' as to why some people like leases so much, but I certainly don't see the point in spending ~$29k to borrow a Passat for four years. That car should still be worth like $15k in four years.
#1553 of 3271 2002 GLX automatic by szims Jan 29, 2002 (10:11 pm)
VW guild - I see that a couple of months ago, you listed invoice as $27,854. I plan on buying soon and was wondering if I should take into consideration any depreciation as we get further into 2002? Right now, the best numbers I have are $28,454 plus tax and title. How does that sound?
#1554 of 3271 szims by jpvwaudi Jan 30, 2002 (8:34 am)
a 600 dollar profit on a 30000 car is a good deal. Stop worrying over pennies and make the deal.
#1555 of 3271 S.Z. by vwguild Jan 30, 2002 (10:15 am)
The figure that arrive at with your Dealer when you are ready to drive it home is the important one...
#1556 of 3271 Help Me VW Guild Please! by dante7 Jan 30, 2002 (2:25 pm)
I've negotiated a 36 month lease with a 15K/YR allowance in Monmouth County, NJ on a 2002 Passat GLS Auto with LUX PK only for $300.00 over invoice.   I am paying taxes, title, and all other fees up front, so the cap cost consists only of the price of the vehicle. The dealer's computer print out shows a cap cost of 23,776 which I believe is 302 too high. QUESTION 1 of 2: Am I correct?   I calculate the cap cost to be 23,474 as follows: 20,863 (Base Model) + 1,369 (LUX) + 550 (Dest) + 25 Port Prep + 92 (Floorplan Int) + 275 (Regional Add Fee) + 300 (Negotiated Profit).   Inmessage 1478 you offered to fax a copy of an invoice so that we couls see how these fees breakdown, please contact me by e-mail for my fax number.   I am also being quoted a residual of 55% on an MSRP of 25,380 which is 455 higher than Edmunds' MSRP of 24,925. Question 2 of 2: Why the 455 discrepancy?   Two weeks ago, I negotiated the same lease deal on a fully loaded 2002 loaded GLS 1.8 Auto and Port, Floorplan and Advert came to a total of 392. (25 + 92 + 275 = 392). How can the total of these charges now be 694? I believe the dealer is baking in extra profit.   I'd truly appreciate your help. Thank you.
#1557 of 3271 P.L. by vwguild Jan 30, 2002 (2:49 pm)
Email me with the info...your email is not in your profile...mine is...
#1558 of 3271 update re Post #1505 by ghulet Jan 30, 2002 (8:09 pm)
Apparently my friend returned to Autobarn on Monday morning to re-do the deal (she financed for 60 months) and all is well. I don't have details on the deal, but even if her APR isn't so great, she'll at least have a car that's paid for and can be used on trade in five years, as opposed to $29k spent and giving the car back in four.
#1559 of 3271 Geoff... by vwguild Jan 30, 2002 (9:36 pm)
Please email me with the details of this "resign" as you learn them...
#1560 of 3271 I'll try, but by ghulet Jan 30, 2002 (10:28 pm)
I was told this story by a friend, re a friend of his, who I don't talk to all that frequently. I'll try to get some details out of him.
#1561 of 3271 GLS 1.8T Real World Prices by mirth Feb 01, 2002 (8:45 am)
Ok, I'm a bit obsessive. But I went through the last 1000 posts or so looking for actual selling prices for 2001.5 and 2002 GLS 1.8T's and put it all into a spreadsheet along with the options, etc. Here are some of the results:   The average paid was $989 over invoice (note: used edmunds invoice which does not include port fees, etc. The $989, however, DOES include all the fees.) The prices ranged from $31 over invoice to $2075 over invoice. Cars with an auto tranny averaged $782 over invoice, while manuals averaged $1243 over. Maybe manuals are more scarce. 70% of the cars had the luxury package, 60% had monsoon, 45% had the leather, 45% were manuals, 25% had Homelink, and 15% had the cold package.   Just a few stats to brighten your day.

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