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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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#2508 of 3318 What do you guys think? by sablegules Nov 23, 2004 (12:14 pm)
Replying to: robr2 (Nov 23, 2004 8:22 am) My girlfriend bought a wheat beige O4 GLS Passat for 20990 - 2500 under invoice. The car was a lemon for the dealer though with the invoice dated Dec 30 '03. She also received the $1000 cash customer loyalty. She broke a lease early on a 2002 Golf Wagon with 44,000 miles. Trade in value was 9350 and she owed 14200. The negative difference of 4850 was rolled into the price of the car. In addition she put 2000 down.   She only nets 2000 month and has a credit score of 650. With those numbers, the dealer floated her financing at 72 months with a 6.5% rate.   Those are the terms of the deal. But....   When she went to pick the car up, we noticed the fender had a small dent and scratch. Obviously the dealer will fix the repair, but at this point she is not sure what to do. What do you think? Thankd for the input.
#2509 of 3318 What I think... by jrct9454 Nov 23, 2004 (12:57 pm)
...is that she ought to keep her wagon ["Golf wagon"? Huh?] until she no longer has negative equity. At her annual income, this deal is something a responsible financial planner would tell her to avoid at all costs. But I would suppose it's too late now... Replies to this message: sablegules (Nov 23, 2004 1:40 pm) turbotorque (Nov 25, 2004 1:11 am)
#2511 of 3318 Re: What I think... [jrct9454] by sablegules Nov 23, 2004 (1:40 pm)
Replying to: jrct9454 (Nov 23, 2004 12:57 pm) She had a 10,000 year mile allowance on the lease and she was already at 44,000 with 20 months left of the lease term. Each overage mile was charged .15/mile. Even if she kept the car until break even, depreciation and additional milage charges would pretty much put her at the negetive equity number she is in now. A no win situation with the lease. Your correct as to her financial situation. She's way overleveredged on the loan. Fortunately, she has 0 expenses outside of her car. Literally. Replies to this message: turbotorque (Nov 25, 2004 1:11 am)
#2512 of 3318 Re: djskrams [passatg] by moveover Nov 23, 2004 (2:31 pm)
Replying to: passatg (Nov 23, 2004 4:04 am) !4k is closer to retail then trade-in. You could probably buy a new 04 TDI after rebates etc for around $17.5   Check this site or KKB for trade-in values. Another alternative would be to check Carmax.
#2513 of 3318 Re: 2003 GLX 4Mo Wagon purchase [revruss] by aramirez Nov 23, 2004 (4:07 pm)
Replying to: revruss (Dec 23, 2003 4:03 pm) Hi, I just read your message when I was looking for a CD changer for my Jetta 2001.   Your's is really the best idea, what you can spend on a new cd changer and the compatibility hazzle, you can by an I Pod an have unlimitted music storage capabilities.   Thank's
#2514 of 3318 Re: djskrams [turbotorque] by passatg Nov 24, 2004 (4:17 am)
Replying to: turbotorque (Nov 20, 2004 11:16 pm) Regarding the VW 1000 loyal customer rebate. The dealer claims that their is a requirement that I keep with the VW financing for at least 6 months or they (the dealer) will bill me the $1000. Is this at all true? The finance rate was 8.25%, I can get 1.9 from NFCU. Replies to this message: turbotorque (Nov 25, 2004 1:07 am) passatg (Nov 30, 2004 5:29 am)
#2515 of 3318 Re: djskrams [passatg] by turbotorque Nov 25, 2004 (1:07 am)
Replying to: passatg (Nov 24, 2004 4:17 am) you do have to finance/lease through VW to get the $1k loyalty rebate, but it looks like the dealer is trying to mark up the interest rate in a very big way. Replies to this message: passatg (Nov 30, 2004 5:29 am)
#2516 of 3318 Re: What I think... [sablegules] by turbotorque Nov 25, 2004 (1:11 am)
Replying to: sablegules (Nov 23, 2004 1:40 pm) I don't get it. I used to drive EconoBoxes until I could afford to move up to a nicer car. I just don't get these people who keep trading in to yet another negative equity situation.
#2517 of 3318 2005 Passat GLS 4motion by coguk Nov 26, 2004 (4:42 pm)
Hi - I am trying to decide on a new lease. I've read what everyone says about paying $100 over invoice etc. but is all the haggling really worth it if I'm just getting a lease!?   i've got a lease offer based on total price $25,750. i think that's about $700 over the invoice price, but what does that $700 really translate into in my 48 month lease in the end?   I find the whole experience highly stressful, so if it just comes down to saving $5 a month, I'd like to spare myself the ulcer!   Any advice? Replies to this message: turbotorque (Nov 27, 2004 12:00 am) coguk (Nov 27, 2004 6:41 am) turbotorque (Nov 28, 2004 12:02 am)

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