Last post on Jul 13, 2012 at 2:36 PM
You are in the Volkswagen Phaeton
What is this discussion about?
Volkswagen Phaeton, Sedan
#1508 of 1691 Re: Vw Phaeton Lease [vwguild]
Sep 03, 2005 (1:28 pm)
I have been following the phaeton forum for a while, and appreciating your wisdom especially. Here's my situation: I have been researching the Phaeton and test-drove it against the A-8: I happen to like the Phaeton better *if*, and only if, I can get the price low enough to compensate for the much faster depreciation. I have never leased before, and typically prefer to finance over a long time (normally 60 months) and keep my cars much longer. In fact, since I maintain them the way airlines maintain planes, I keep them very long (I have a 15-year old Acura in impeccable condition, for example).
My quandary for the Phaeton: I need the car for weekly commuting to a new job for a total weekly round trip of 800miles. Even assuming use of this car for only half of the year and the rest with one of my existing cars, I would need at least 20kmiles/year on the lease. For a new 2005 that includes the cold weather/comfort package and keyless access I am looking at the following terms:
1) lease w/zero down 48months/20kmilesyear selling price 68.5K and 969/month, residual value 29.5k. Or
2) buy: 66 months at 2.9%. In this case the monthly payment, also with zero down, amounts to a little less than 1200/month. This is close enough to the lease payment, and could get even closer by putting a few thousand down.
These terms were last month, when the marketing support was still 5500. I lean toward buying because I would not have to worry about the 20kmile limit, but I worry, in case the car proves not reliable (very complex electronics, air suspension, etc.) that I would be left quite likely upside down with an almost unsaleable, relatively high mileage trade.
Now for my questions:
1) should I decide now (the 2.9% financing is due to expire Tue) or wait until year-end for a better deal from vw? these cars are not going anywhere (the one I'm interested in has been sitting on the lot since February) especially with gas prices the way they are now.
2) Does VW have a hold-back?
3) I really wanted bluetooth and a dvd-based navigator in my next car. I hear rumors that there's going to be at least bluetooth on the '2006" model: is this true? You seem to imply that there will be no 2006, and a modified 2007 instead.
I'll be grateful for any advice that you or the other readers can provide. I love cars, and the Phaeton would really fit my current needs, but I have never bought anything this expensive, and it's a big decision for me.
P.S.: I've owned only one VW: a 1973 Super Beetle, which was great fun. I sold it two years ago for lack of garage space.
#1509 of 1691 Re: Vw Phaeton Lease [motorista]
Sep 04, 2005 (12:43 pm)
First of all...Thank you for the kind words...
During the last 50 years of the 20th Century the changes to cars were mostly cosmetic...new colors, new fins, no fins, etc.The single most significant tech gadget was the Chrysler Push Button Transmission...Remember that?
Improved safety features have marched along steadily, but as one would expect, without much fanfare or buzz...airbags are not toys after all.
However; in this century, technology is key...Cell phones are ubiquitous and overflowing with features. Computers are now found in multiples in a large number homes...one is just not enough. And, here lies the dilemma.
VWAG made one critical error with the PHAETON...launching it before the new B6 Passat & the new Jetta V. That lost year created a multitude of financial woes, and trickled down to include PHAETON here in the US...No $$$ for Advertising or Marketing, no extra $$$ for immediate tech changes such as Bluetooth & DVD NAV. It is not that these items have been abandoned, it is just that other issues have greater importance. It is my understanding that the Dresden plant is operating at 90%+ capacity building the PHAETON with the V6 TDI engine, and that they cannot build them fast enough. Incidentally, all of the Turbo Diesels should be available for American consumption then as well, including the awesome V10 Twin Turbo.
In answer to your particular situation, I would lease your first PHAETON...You can buy down your overmiles up front...it simply lowers your Residual. The existing CD based NAV is certainly adequate to the task...as a matter of fact, I like it better than the Siemens DVD in the Touareg & B6 Passat. Bluetooth will be coming shortly, but OnStar will be gone. The car that your are looking at has OnStar and a great 3 Watt Analog phone system...no lost or dropped calls with that. There are, and will be 2006 PHAETONs...My reference to the 2007 was due to the fact that, by then, all of these tech toys will be available and more.
I also believe that by Leasing now and Buying later you will be in a much better position to make that commitment to long term ownership. And besides, Depreciation only holds significance in the short term, and by Leasing now that burden falls on the shoulders of Volkswagen Credit; not you...
#1510 of 1691 Re: Vw Phaeton Lease [vwguild]
Sep 05, 2005 (7:29 am)
Thank you for your prompt reply - Precise and informative as usual!
Regarding the lease, is it true that better lease terms are about to be introduced for the 2005 models? I think someone else on the forum mentioned September 6 as the date for the new lease terms.
Re the analog phone amp in the current model, two questions:
1) is this standard or extra-cost option on the 2005 V8? if it's an option, I'm pretty sure that the car I'm looking at does not have it.
2) do I need to buy a special phone, or can I use it with my T-mobile blackberry 7290?
Finally, a question about accessories: do you know where I can find winter rubber mats (the usual after-market web sites do not seem to have any specifically of the Phaeton), and a roof bycicle carrier? I've seen one on the German VW site, but I don't think it has been imported here. By the way, I think you live in sunny California, where rubber mats are not needed, but here in the NorthEast they sure come in handy.
Thank you very much once again, and have a great holiday.
#1511 of 1691 Re: Vw Phaeton Lease [motorista]
Sep 05, 2005 (2:33 pm)
"OnStar" Safe & Sound is standard equipment on the 2005 PHAETON, and includes 30 Free minutes of Hands Free phone service...additional minutes are available thru "OnStar" for various rate pkgs.
No special phone is required...everything is built in. Your Blackberry should have a hands free, Bluetooth kit available thru your T-Mobile dealer...I know Cingular has one for my Motorola Razr...
Best mats available are from a Brit firm called Cannon...Brand name here is WeatherTech and available at link title
Being from the NY/NJ area I understand your situation...For Spring thru Autumn I reco link title
They make a great product and created the template for the PHAETON for my 2004...A great throw back look that is nothing but class...I can email you pix of the mats if you like...
#1512 of 1691 Re: My Phaeton photo gallery [bobm1]
Sep 06, 2005 (11:12 am)
I just stumbled onto this dg. Let me know when in Nov. I am in San Diego and the owner of a silver 12 cylinder 2004 model and would love to make the trip up. Bought it with 2800 miles on it. Other than the gas mileage, I love it.
#1513 of 1691 Re: Vw Phaeton Lease [vwguild]
Sep 08, 2005 (7:02 am)
VWGuild, I recently ordered a set of WeatherTech mats (should arrive any day). However, I am very interested in the Cocomats you provided a link for for other times of the year. If you get a chance, I would not mind seeing a photo of them in your car if it is easy to post a picture to the forum. I would especially be interested if you have the Sonnenbeige interior (I was too lazy to look back in the forum to see what color combo you have). Thanks for all of your useful info.
#1515 of 1691 Re: New owner [phaetaccompli]
Sep 11, 2005 (12:51 pm)
I have been looking for a 2004 Phaeton myself. Can you direct me to your wholesaler?
Also, do you know if I travel to Germany if they can send a used Phaeton to me to a dealer in NY for a discount? I only ask because friends of mine do that with BMW's and they save about 20% on the lease and it takes just 4-6 weeks for the car to be shipped to the US to the dealer.
Any info is appreciated.