You are here: Forums Prices Paid: Buying & Leasing Experiences Volkswagen Passat Prices Paid and Buying Experience

Volkswagen Passat Prices Paid and Buying Experience

3274 messages,  Last post on Oct 09, 2008 at 2:19 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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

Messages Page 45 of 329 1 ... 42 43 44 45 46 47 48 ... 329 Prev Next Last

Go To Msg # Search This Discussion

#433 of 3274 Lease deal by tcasboy Jan 21, 2001 (3:44 pm)
If you are going to lease anyway, 259 sounds pretty good. Putting a reasonable amount down and financing at a reasonable rate for as short a term as you could would obviously be cheaper in the long run, unless business or tax issues are a factor in the lease question. Leasing was developed by dealers and finance companies looking for ways to move pricier cars under the guise of a good deal to people who would rather rent a more expensive vehicle for a couple of years instead of buying something they can really afford. The dealer moves more profitable cars and the turnover insures repeat business in shorter time frames. Its a vicious cycle to enter. I would worry about end of lease fees and wear/tear assessments that you are powerless to affect. Not to mention paying taxes for and insuring a car that you don't own. Take the low price, find a credit union rate and buy the car. If you don't want it after 3 years sell it and take the money to put down on another purchase. Most people agree that buying a house is more financially sound than renting one yet for some reason we go hook line and sinker for leases instead of buying. Hmmm.
#434 of 3274 Attaboy tcasboy... by snurple Jan 21, 2001 (3:58 pm)
Compared to buying, leasing is a pretty bad idea for most people.   Every checklist you see on "Is Leasing Right For You?" begins with two telltale questions:   1) "Do you like to have a new car every few years?" 2) "Do you like the benefits of an expensive car without the expensive monthly payments?"   If you answer "yes" to both of these questions, you are entertaining a devil's bargain. Leasing is a temptation straight from the pit of hell.   And, anyone who disagrees with me is speaking for SATAN himself
#435 of 3274 I was shocked... by snurple Jan 21, 2001 (4:28 pm)
when I read through my previous post.   I apologize for any unintended overstatements...
#436 of 3274 Leasing by mamamia123 Jan 21, 2001 (4:35 pm)
The reason why I was interested in leasing is because I didnt want to put too much "cash" down and I didnt want large monthly payments. For me, the pleasure of owning a new car every 3 years is very rewarding. Your car is going to depreciate wether you own it or lease it. Anyways, if I really like my leased car and the residual value is interesting, I can always purchase the vehicle at the end of the lease. Of course, buying a car in the end might be more financially advantageous than leasing a car, but you only live once, and if you do your homework and shop around you might end up with a pretty good deal leasing a car.   david   ps: still havent got the numbers on the lease from the VW dealer (negotiated price, residual and money factor), I will post when I get them.
#437 of 3274 Would you believe by afk_x Jan 21, 2001 (7:37 pm)
I do apologize for anyone coming here for Passat pricing only to find this post on leasing. However the mis-information being spread in a self-righteous manner needs to be rebutted.   Would you believe that sometimes it is actually LESS money to lease and then buy at the end than it is to conventionally finance from the beginning?   Sound to good to be true? It isn't. When you lease you pay for the first half. (assuming a 50% residual) Then you can buy the rest at the end. If you have a low bank fee in a lease with an extremely low lease factor this can be the case. ESPECIALLY when you take into account the time value of money, or the opportunity cost of your down payment on a purchase.   People who say leasing is bad do not understand how it works. Leasing has a huge number of advantages over purchasing. Purchasing has only one over leasing, which is under MOST circumstances you would have saved money by buying via conventional financing over leasing vs purchasing.   As far as paying taxes and insuring a car you dont own, this is laughable. Until you have the pink slip you don't own anything. Also comparing renting a house to leasing a car is completely wrong. 99.9% of cars will depriciate. Houses will usually hold their value.   I will no longer post off topic.   That is all.
#438 of 3274 Sorry for the editorializing, but.... by tcasboy Jan 21, 2001 (8:24 pm)
I am too interested in Passat prices, but I feel that discussing lease deals in response to questions is pertinent to the process of buying a car. And as you said, buying only has one advantage over leasing, that being "... under MOST circumstances you would have saved money by buying via conventional financing over leasing..." That sounds like a pretty BIG advantage to me, and the purpose of this discussion is to help mamamia123 ascertain whether or not they are getting a good deal, ie: saving money. So I think the lease discussion is germane to the questions on the board. IMHO mamamia123 should strongly consider purchasing the vehicle and taking advantage of the current interest rate incentives from VW. Eventually you then own the car and don't have to worry about getting zapped with a bunch of mileage and wear/tear fees when you turn in the car.
#439 of 3274 mam 123 by vwguild Jan 21, 2001 (8:43 pm)
I would love to be able to answer all of the above however; as I've said this is an individual question, and you have really responded to most of the negative stuff...you have your own reasons for doing what you are doing which is all that really matters.   Having said that...I do have one very serious concern...The only Volkswagen Credit *subvented* programs in place right now deal with 5 Speed Transmission cars. And it is across the board, New Jettas, Passats(except 4Mo), Beetles and Golfs.   The Residual on a 39 Month (Special Time frame along with 42Months)is 55% with a Factor of 0.00245. This is Based on 15,000 Miles and an Acquisition Fee of $490.   This is not available for Tiptronic Passats, and I believe that you are looking at a Tip...So be CAUTIOUS...
#440 of 3274 afk_x, If you were to ask a car dealer... by snurple Jan 21, 2001 (10:12 pm)
if he thought leasing was a prudent financial move, do you really think you would get an honest answer?   The numerous fees and poor interest rates in most every lease makes serial leasing more expensive than financing a car over five years at 8% (Especially if you keep a car for another year or two w/o payments!). After three years of buying a car, you can also "simply walk away"--but you will be able to apply your thousands of $$$ of accumulated equity to your next purchase.   Better yet, instead of leasing a car in the $30-40K range as many do, smart people can scale back a bit and finance a $20K car over perhaps four years. Why would anyone want to let $15,000 drain out of their pocket over three years--and then sign up for another round and another and another...   Buying a home and buying a car are considered smart; renting a home and leasing a car are not considered smart. Cars DO depreciate. But that's the point--they depreciate the most in their first few years--which means that the lessee gets to pay for ALL of this steep depreciation while reaping NONE of the benefits of ownership.          To bring it around to the topic at hand: Everyone interested in leasing a Passat should take another look at buying a Passat over five or even six years. If the payments are still too high, they should consider buying a less expensive auto.
#441 of 3274 Snurple by afk_x Jan 21, 2001 (10:46 pm)
If I could show you a lease example where it is cheaper to lease and finance the residual vs conventional financing at 8% would you then forever worship my financial godship?
#442 of 3274 Umm...no...but knock yourself out. by snurple Jan 21, 2001 (10:54 pm)
Hopefully it will take you a very long time to track down this super-duper leasing/financing deal--that way you won't be leading as many people into your Leasing Pit of Hellfire...

Messages Page 45 of 329 1 ... 42 43 44 45 46 47 48 ... 329 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Prices Paid: Buying & Leasing Experiences Volkswagen Passat Prices Paid and Buying Experience