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Volkswagen Passat Lease Questions

698 messages,  Last post on Oct 06, 2008 at 11:46 AM

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

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#178 of 698 Re: Passat lease 2.0t with package 2 and Dynaudio [psst_guy] by knr5 Apr 09, 2006 (11:50 pm)
Replying to: psst_guy (Apr 09, 2006 10:41 pm) Appears to be too good to be true! Was there a trade in involved, or did you put any money down? Was the car new or a demonstrator? Would appreciate some details!   In any event, enjoy your car! Replies to this message: psst_guy (Apr 10, 2006 10:02 am)
#179 of 698 Re: Passat lease 2.0t with package 2 and Dynaudio [knr5] by psst_guy Apr 10, 2006 (10:02 am)
Replying to: knr5 (Apr 09, 2006 11:50 pm) Sorry. I was too excited last night and typed incorrectly.   It was 0 down 342/month. Only paid $263 for tags, title etc. This was in Portland, Oregon area.   There was no trade-in.
#180 of 698 Re: Just leased 2.0T in CA [amitvisual] by neeyo Apr 15, 2006 (6:44 pm)
Replying to: amitvisual (Feb 12, 2006 8:26 pm) "At these lease rates, its better to lease it and then buy it after 3 years, since you're paying only 2.5% interest for the first 3 years!"   Not really. Any why not, you may ask? Because of the $595 acquisition fee that you have to pay when you lease a car, but not when you purchase it. That basically eats up any interest "savings" you thought you had.
#181 of 698 Re: Need Some Help [dianamal2] by Car_man HOST Apr 16, 2006 (4:14 am)
Replying to: dianamal2 (Mar 28, 2006 11:50 am) Welcome Diana. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   Volkswagen has am attractive lease program on the car that you are interested in right now. I would be happy to give you my opinion on the deals that you were quoted, but you never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment.   For now, I can tell you that you definitely should not make a $3,000 down payment when leasing. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Passat would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all.   Car_man Host Smart Shopper / Prices Paid Forums
#182 of 698 Re: 2006 Passat 3.6L New Vehicle, but with Milage [atljazz by Car_man HOST Apr 16, 2006 (5:14 am)
Replying to: atljazz (Mar 31, 2006 3:13 pm) That is a very good question, atljazz. The problem that I have with demo vehicles is that dealers usually are not willing to provide enough of an additional discount on them for me to personally justify purchasing what essentially is a low mileage used vehicle over a brand new one that has never been driven. Some will say that $0.10 to $0.15 per mile is a fair deduction for this mileage, but I personally would want a much larger discount than that. There's not really any right or wrong answer here, how much of an additional discount one needs varies from person to person. For me, it would be a big one.   Car_man Host Smart Shopper / Prices Paid Forums
#183 of 698 Re: Passat 2006 Value Edition Automatic Lease [zgr81] by Car_man HOST Apr 16, 2006 (5:15 am)
Replying to: zgr81 (Apr 08, 2006 8:24 am) Hello zgr81. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.   Car_man Host Smart Shopper / Prices Paid Forums
#184 of 698 Re: question about contract [yalehan] by Car_man HOST Apr 16, 2006 (5:19 am)
Replying to: yalehan (Apr 09, 2006 5:53 pm) Hi yalehan. I am not sure if you are asking if you are allowed to move with your leased vehicle or are saying that you want to get out of it because you are moving to a city where you won't need it. Banks don't care if consumers move, as long as they notify them of their new address. You should be free to move anywhere within the continental U.S. with your leased vehicle. So moving won't be a problem as far as your lease goes...as long as you don't want to get out of your lease. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.   Car_man Host Smart Shopper / Prices Paid Forums
#185 of 698 signed a lease by yalehan Apr 17, 2006 (1:32 pm)
Passat 2006 Value Edition Automatic MSRP $24655 36 months lease 30000 miles $200/month $0(first month + Fees) All tax included
#186 of 698 Negative Equity by rreyes Apr 24, 2006 (1:05 pm)
Hi, I'm trying to get advice on what my best options are in a negative equity situation. I'm currently leasing an 04 Passat Wagon GLS. I'm 34 months into a 60 month lease. I have 39K on the vehicle, my payoff is roughly 21K and the blue book is $13,900. I obviously have to eat this somewhere, but am I better off going into another lease at this point, or am I just going to continue this cycle? Should I buy? Should I just ride out this lease?? Help! Thank you. Replies to this message: fish8 (Apr 25, 2006 4:44 am)
#187 of 698 Re: Negative Equity [rreyes] by fish8 Apr 25, 2006 (4:44 am)
Replying to: rreyes (Apr 24, 2006 1:05 pm) If you roll the negative equity into another lease, that just makes you more upside down in the next lease. The best thing to do is finish out your current lease then BUY your next car and drive it until the wheels fall off.

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