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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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#2926 of 3318 Re: Value Edition [tjspeedva] by logansrun Feb 10, 2006 (7:46 am)
Replying to: tjspeedva (Feb 09, 2006 12:23 pm) I am confused. I gathered as much information as I could and worked out all the figures. The information I used was gathered here and other various websites.   I knew I was gonna take an equity hit on my vehicle. When I negotiated my lease with my local VW dealer he showed me his special lease deal. Think it was a 24000$$ car MF .00078 and residual value 58% on a 10,000 mile 39 month lease. worked out to be 299.9 a month less tax. I didn't want the base model, so I used the same figures on what I wanted in the vehicle. Now having said that everything up until this point was back and forth with their finance department(which I absolutely despise). They ended up low balling me on my trade in and I was looking at a potential 4000 equity hit. Which according to my calculation put me at 30000 cap cost. HERE is my problem. The finance guy said the Cap cost is 31400 because of tax and fees? I have been reading many posts from people and no one has included this tax fee in their cap cost? IS this something they do only when you have to pay equity off or is this a hidden fee that all lease deals end up having to pay. My understanding you only pay tax on the monthly payments not the vehicle for a lease?   I stormed out of the dealer because A) I was upset at the trade in value and B) I thought he was playing games with the cap cost. I want to be informed if I try to work out another lease with another dealership and they try the same thing. Seems like all the dealers have "canned" responses when you bring up internet prices and quotes. I loved this one "to bad Edmunds can't write you the check"
#2927 of 3318 Taxes.. by kyfdx HOST Feb 11, 2006 (3:25 am)
The tax calculation on a lease varies, depending on what state you reside in.. But, in most states... there will be tax....   Some states charge the tax upfront... usually on the total payments of the lease.. or the depreciation portion.. some charge tax on the entire car (IL and TX). Other states collect sales tax on the monthly payment, each month.   If your state collects the entire tax bill upfront, then usually, the dealer will add that to the cap cost, so the payments are spread out over the lease... The only alternative is for you to pay the tax upfront.   regards, kyfdx Host-Prices Paid Forums
#2928 of 3318 Re: Value Edition [tjspeedva] by jimd4 Feb 11, 2006 (9:30 am)
Replying to: tjspeedva (Feb 09, 2006 12:23 pm) Well in Ny I know if you lease Audi which is VW financeing, if you don't pay the tax outside the lease, the tax on the depreciation part and maybe the interest is added to the cap cost by which results in it being in the payments. I think all dealers do this.
#2929 of 3318 2007 VW Passat Wagon 3.6L 4Motion by xando05 Feb 12, 2006 (6:40 pm)
I just ordered a brand new wagon from a dealer in california. $750 above invoice. The manager couldn't calculate an accurate lease price on the car I ordered because he said the numbers will change between now and the time the car arrives at the dealer. So with that in mind he crunched some numbers based on an in stock sedan lease with a wagon price tag. See how this sounds:   36 months/15,000 mile per year   MSRP: $ 41,530.00 Cap.Cost: $ 39,233.00 Cap Reduction: $ 8,584.54 Tax on Credit: $ 668.79 Bank Fee: $ 575.00 Total Cap: $ 39,808.00 Net Cap: $ 31,223.46 Residual: $ 22,426.20 Total Depreciation: $ 8,797 Money Factor: .00200 Down Payment: $10,000.00 C/D: 0.35 My credit score is 740. Monthly payment: $378.92   What do you think of these numbers? Should my monthly payment be less? Replies to this message: mvc_jones (Feb 15, 2006 7:10 am) fish8 (Feb 15, 2006 11:18 am) bonedriver (Feb 17, 2006 7:39 am) jimd4 (Feb 18, 2006 5:33 pm) bonedriver (Feb 24, 2006 12:13 pm)
#2930 of 3318 Re: Value Edition [tjspeedva] by countdbc Feb 12, 2006 (8:35 pm)
Replying to: tjspeedva (Feb 09, 2006 12:23 pm) I don't know you "tjspeedva" come from a dealer or not. Ok, in order not to mislead the other potential customers of VW(I like VW so much personally), as you want, I will take back what I talked on the website and hope all you guys enjoy your buying experience. Trust me, Passat of VW definitely is a good choice for you.   PS: my 2.0T is not a demo and I am enjoying driving it.
#2931 of 3318 Re: 2007 VW Passat Wagon 3.6L 4Motion [xando05] by mvc_jones Feb 15, 2006 (7:10 am)
Replying to: xando05 (Feb 12, 2006 6:40 pm) Can't comment on the numbers but why would you put $8500 down on a lease, especially when they are offering you 4.8% money? All you are doing is paying payments in advance when you are being offered cheap cash, and if you total the car, your $8500 is gone.   At a minimum if you do this deal you should consider putting $0 down and holding your $8500 in a MMA and use it to supplement your payments as you go. Replies to this message: fish8 (Feb 15, 2006 11:18 am)
#2932 of 3318 Re: 2007 VW Passat Wagon 3.6L 4Motion [mvc_jones] by fish8 Feb 15, 2006 (11:18 am)
Replying to: mvc_jones (Feb 15, 2006 7:10 am) $8500 down on a lease is not a good idea. If anything, get a higher monthly payment and supplement the monthly cost with the $8500 you have in the bank. Like jones said, if your new Passat gets totalled the $ you put down is gone.
#2933 of 3318 Re: Value Edition [tjspeedva] by rayleiwu Feb 15, 2006 (4:09 pm)
Replying to: tjspeedva (Feb 09, 2006 12:23 pm) Actually countdbc might not be misleading. I got almost the same deal as his which at near invoice, but I purchased the car at the end of the year that might helped a little. I love this ride everyday! It's certainly worth of more than what I paid. I'm also glad to see that Passat 06 has been rated as top 3 on Consumer Report and beat Toys and Hods(06 accord hybird excluded) out! Check out incentives VW currently offers: 4.9% for 60 months financing is only applied to Passat now vs 3.9% on Jetta and other VWs.   So if you are really in it, any price between invoice and MSRP are reasonable, it's a bargain .
#2934 of 3318 Re: 2007 VW Passat Wagon 3.6L 4Motion [xando05] by bonedriver Feb 17, 2006 (7:39 am)
Replying to: xando05 (Feb 12, 2006 6:40 pm) This response is to this specific lease and leasing VW in general. First off, I agree with the other two postings, putting a down payment against a lease is throwing money away. Additionally, with that much down, your lease payment is still ridiculous. If you run the numbers, especially with money to put down, a purchase is significantly in your interest. Leases are only beneficial when you have to tie up minimal financial capital into the lease (i.e NO downpayment). Second, money factors are all fine to discuss, but the most important figure in the deal is the residual percentage applied to the value of the car. A similarly equipped and priced Audi A-4 carries a residual of 70% of the car vs. the 58% you got for example. Even 58% is way better than the 53% I got quoted in TX... A good rule of thumb, Lease LUXURY cars or cars for business. Luxury car labels carry alot of weight in perceived value down the road. Businesses can use a lease as a write off while preserving cash for other operating expenses. I have an A4 lease ending this month and buying a Passat next. Replies to this message: jimd4 (Feb 18, 2006 5:33 pm) bonedriver (Feb 24, 2006 12:13 pm)
#2935 of 3318 Re: 2007 VW Passat Wagon 3.6L 4Motion [bonedriver] by jimd4 Feb 18, 2006 (5:33 pm)
Replying to: bonedriver (Feb 17, 2006 7:39 am) As someone who has leased two Audi A6s, I agree with your lease comments especially regarding residual. But does the Passat have a high residual? I am skeptical. I have been thinking of buying the Passat Wagon. Replies to this message: bonedriver (Feb 24, 2006 12:13 pm)

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