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Volkswagen Passat Lease Questions

1189 messages,  Last post on May 24, 2013 at 7:36 PM

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

Messages Page 107 of 120

#1052 of 1189 Car Man...2012 or 2013 VW Passat in Central Florida? by cargirl123

Sep 19, 2012 (1:31 pm)

Hi Car Man,
I am going to plan on leasing a VW Passat this month. I won't finalize anything though until it gets your blessing as a good deal! I am a young woman that does not want to be taken advantage of at the dealership.
With that being said...first off should I focus on leasing a 2012 or 2013 2.5L SE Passat. My understanding is that there are little differences between the two. My goal is ultimately lowest payment with $0 down.
Thanks in advance!

#1053 of 1189 Re: Car Man...2012 or 2013 VW Passat in Central Florida? [cargirl123] by Car_man HOST

Sep 23, 2012 (6:35 am)

Replying to: cargirl123 (Sep 19, 2012 1:31 pm)
Hi cargirl123. I completely understand. While there's probably not much of a difference between leasing a 2013 and a 2012 model at this point, I suspect that the '12 sill be slightly cheaper. I'd probably go that route if I was in the market for a Passat.
 
Once you have figured out which one you want, hop on over to the New Vehicle Pricing section of Edmunds.com and look up the MSRP and dealer invoice price for the car you want, exactly as you want it equipped. Add a few hundred dollars to the invoice price, subtract any available cash incentives and have the dealer work up your payment using that number and the car's buy rate lease money factor.
 
I can provide you with much of this information, once you get the model and pricing figured out.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1054 of 1189 Re: Car Man...2012 or 2013 VW Passat in Central Florida? [cargirl123] by nycardad

Sep 23, 2012 (6:51 pm)

Replying to: cargirl123 (Sep 19, 2012 1:31 pm)
As a general rule if you were to BUY the car you would almost always do better to purchase a leftover (In this case the 2012) than a new model year. In the case of leasing this is not often the case. This is especially true when the car in question has no major changes for the new model year. The reason is that with a lease you are paying for the car minus what it is worth at the end of the lease. In this case, the 2012 car would be one model year older at the end of the lease so it would be worth less. You are wise to move cautiously when dealing with Car Salesman. Take your time and make sure you check ALL the math. Often people in the car business will make a deal seem better by adding charges or extending the term. In the case of a lease make sure you keep in mind that need to plan for changes in your life during the term of the lease that might cause you to go over the mileage allowances. In addition get some independent reviews of the dealer and lease company as to how picky they are when you return the car at the end of the lease.The internet has many sites to help you with this. Some low cost lease companies nail you for every little thing they can when you return the car. I have had friends that had charges well over a thousand dollars for tiny stone chips and tires that were 75% saying they needed to replace all four. I know there are many good and honest car dealers out there. But you need to protect yourself from the dishonest ones. Good luck!!

#1055 of 1189 Re: Car Man...2012 or 2013 VW Passat in Central Florida? [Car_man] by cargirl123

Sep 24, 2012 (8:54 am)

Replying to: Car_man (Sep 23, 2012 6:35 am)
Thank you so much.
Please let me know what you think of this deal.
MSRP - $26,400
Lease End Value - $14,784
Initial Cap Cost - $25,824.55
LMF: .00022
Term: 36
Miles: 12,000 per year
Money Down: $500, but I would also have to give $1100 to be whole on my trade in since they will only give me $10,000 for my trade in and my balance on my loan is 11,000.
 
Vehicle - 2013 SE no nav or sunroom. Just their basic SE with leatherette.
 
Thanks!

#1056 of 1189 Passat 2012 Buy Back from Dealer for 2013 by skorn

Sep 25, 2012 (8:50 am)

Hello, I have a 2012 SE Passat with NAV and sunroof and paid $850 down (which incl our first mo payment) and got a 36mo/10000k lease for $320 (incl tax) a month payment in January 2012. I just got word from my dealer that they'd like to take my car and put me in a 2013 SE Passat with NAV and sunroof 36mo/10000k lease for $329 (incl tax) a month, with only $329 down, which would count as my first month's payment. Other than signing another lease, whereby extending the time of leasing this car and the additional $9 a month, can someone see any reason not to do this?

#1057 of 1189 2013 Passat 2.5L SEL by truetao

Sep 26, 2012 (6:52 pm)

Can you please post the lease rates for the 2013 VW Passat 2.5L SEL? I would like a 36 month lease with 10K miles per year.
Thank you!

#1058 of 1189 Re: Car Man...2012 or 2013 VW Passat in Central Florida? [cargirl123] by Car_man HOST

Sep 30, 2012 (6:51 am)

Replying to: cargirl123 (Sep 24, 2012 8:54 am)
You're welcome cargirl123. The car that you are interested in probably has a spread of only a little over $1,000 between its MSRP and its dealer invoice price. Add to that the $1,000 cash incentive that is available on leases of this car and you have a total of around $2,000 to play with in your negotiations.
 
Is the initial cap cost that you provided this car's straight selling price, or does it include fees and or taxes? If it doesn't include any fees then I definitely think that you can do better. If it does then I will have to reevaluate.
 
VW Credit's top tier buy rate for a 36-month lease of this car is only .00015, but the factor that you were quoted isn't much higher than that.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1059 of 1189 Re: 2013 Passat 2.5L SEL [truetao] by Car_man HOST

Sep 30, 2012 (6:54 am)

Replying to: truetao (Sep 26, 2012 6:52 pm)
Hi truetao. Volkswagen Credit's September buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat Sedan SEL with 10,000 miles per year are .00015 and 57%, respectively for consumers who qualify for its top credit tier.
 
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1060 of 1189 Re: Car Man...2012 or 2013 VW Passat in Central Florida? [Car_man] by cargirl123

Oct 02, 2012 (1:33 pm)

Replying to: Car_man (Sep 30, 2012 6:51 am)
Car Man,
Thank you for your assistance. I ended up leasing the car before I heard back from you. I hope that the ultimate lease deal I got was good in your opinion. I am guessing I probably could of done better.
Central Florida was a tough market to negotiate in. I ended up dealing with three different dealers. The best that one dealer would give me was $0 down, $347 a month for a 2012. It was a good deal, but the colors they offered were horrible. The other dealership was extremely sleazy and their numbers made zero sense...so bad that they should have been embarrassed. The dealership that I signed with seemed to be the most reasonable. I did use the $347 a month deal to work down the final deal. The final deal came from the same dealership that initially wanted me to give $1600 down, which by the end of the week changed to $355 down. Please note that I had a car that I decided to trade in as oppose to privately sell because I didn’t want to deal with the hassle of it. The KBB on the car was $8,800 and my payoff was $11,134.00…so had negative equity.
 
Final Deal that I took:
2013 VW Passat Se (no navigation or sunroof)
MSRP: $26,400
Money Factor: .00015
Residual: 56%
Lease End Value: $14,784
Initial Cap Cost $25,212.11
Total Trade Allow: $11,135.00
Adjusted Cap Cost: $26,560.61
Down Payment at signing: $355.00
Fees in Cap Cost: $1,348.50
Doc Fees: $236.50
Total Monthly Payment: $355.00

#1061 of 1189 2013 VW Passatt in Dallas, Texas by cedarsmoker

Oct 02, 2012 (3:32 pm)

Car Man,
I am trying to lower my car payments by trading in a 2012 VW EOS for a lease on a Passatt. According to the dealership, I have negative equity of about $3700 after a $2000 loyalty discount on the lease. I am looking at a 2013 Passatt SE and they want $600 down and $420/month with 15K miles. The 2013 Passatt S was only $379 with $600 down and 15K miles. Why is the SE so much more expensive when the MSRP is only about $1500 more? Is $420/mo a good deal? I was thinking $400 would be about right. Any info would be greatly appreciated.

Messages Page 107 of 120

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