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Prices Paid: Buying & Leasing Experiences Volkswagen Passat Lease Questions
752 messages, Last post on Nov 30, 2009 at 5:44 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Welcome Tracey. 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. As you have already read, you definitely need to know what your car's selling price is. Regardless of what your credit is like, you can negotiate the selling price of the Passat that you are interested in just as if you were paying cash for it. It would be helpful if you were able to find out this car's full MSRP (including the destination charge) as well. This will enable you to see how much of a discount you are being given and we can use it to calculate a sample lease payment. Car_man Host Smart Shopper / Prices Paid Forums
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Ah ha, Alex, I should have read ahead. OK, so you were quoted $353 per month for this car. Let's calculate a sample lease payment on it using the information that you provided and see what we come up with. According to my calculations, if you were to lease a 2006 Volkswagen Passat 2.0T (not the Value Edition) with an MSRP of $27,215 and a selling price of $26,600 through VW Credit right now for 30 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $335. As you can see, the payment that I came up with using VW Credit's actual lease program is a little lower than the one that you were quoted. You mentioned that you are paying tax and title up front. Are you paying a security deposit and VW Credit's $575 acquisition fee at signing as well. If so, I would want an explanation from the dealer why their payment is higher if I was in your situation. Also, don't forget to haggle on the selling price a little more. Good luck and let us know how everything turns out. Car_man Host Smart Shopper / Prices Paid Forums |
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Don't worry about it, Chips, community members leave this sort of information out of their posts all the time. OK, so you are interested in leasing a 2006 Volkswagen Passat 2.0T (non-Value Edition) with an MSRP of $29,800 and a selling price of $27,800. The selling price that you were quoted for this car looks reasonable to me. Let's work up a lease payment on it using VW Credit's actual lease program and see what we come up with. According to my calculations, this car's zero down, pre-tax monthly payment for a 24 month, 15,000 mile per year lease through VW Credit should currently be around $395. With a $1,000 capitalized cost reduction, the payment would drop to around $352, which is a lot lower than the 430 per month that you were quoted. For a 36 month lease, I come up with a zero down payment of $330 and a $1,000 down monthly payment of $302. As you can see, the payments that you were quoted look a little high to me, assuming that you are paying a security deposit and VW Credit's $575 acquisition fee at lease signing. Make sure that the dealer that you are working with is using VW Credit's buy rate lease money factor of .00065 to calculate this car's monthly payment. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey Tracey. I just responded to your previous post in message #21. You really need to find out the exact selling price that you are being charged for this car. Without it, they could be charging you full MSRP for the Passat that you are interested in and you would never know. You should be able to get a good ideas as to what sort of selling price to expect to pay by visiting the following discussion: "Volkswagen Passat: Prices Paid & Buying Experience". Making sure that you can negotiate an attractive selling price is the most important thing that you can do right now. Your credit issues make it difficult for me to estimate what your lease payment should be like on this car, but once you have the selling price info stop back and I will try to give you my opinion on your deal. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 29, 2005 4:08 am) Thank you, Tracey |
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Replying to: Car_man (Sep 29, 2005 4:08 am) I called 8 dealerships and the best sell price I got was 26,025 for the passat (no-value edition) pkg 1. What should my lease payment be around. For 3 years and 4 year 15,000 miles. Should I go with this one? Another sell price I got for the Passat 2.0t package 1 + winter pkg was 26,195. This dealer is running a application. Thanks, Tracey |
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Replying to: Car_man (Sep 29, 2005 3:46 am) Do you have October MF and residuals for a 36mo, either 36k or 45k lease? I'll use Edmunds lease calculator once I have quotes. In checking the prices paid forum, hard to believe people are getting near invoice on a German model just introduced what, in August...guess that is what happens when you put a $2k premium on a car that competes with the Accord. May the deals go to those informed consumers! |
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| please could someone tell me...I have always bought my cars and think this time I might try leasing. I crrently havew an 02 passat. How does leasing work with a trade in? Can one trade in on a lease. I own the car.. Thanks | |
| CarMan, What are the residuals and money factor in October for Passat 2.0T for 36 month lease for both 12k per and 15k per? | |
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You're very welcome Tracey. Car_man Host Smart Shopper / Prices Paid Forums |
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