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Prices Paid: Buying & Leasing Experiences Volkswagen Passat Lease Questions
761 messages, Last post on Mar 17, 2010 at 11:50 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: tpro78 (May 11, 2006 8:52 pm) 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. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: qbrozen (May 16, 2006 10:47 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: 1210 (May 17, 2006 3:10 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: amx (Jun 03, 2006 8:03 pm) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Jun 05, 2006 2:55 am)
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Car_Man (or anyone else): What are the current VW Credit money factor and residual for a VW Passat 3.6L on a 36 month / 12,000 miles per year lease? Thanks for making these forums the most useful car leasing resource on the internet. Ted
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Replying to: tedr3 (Jun 09, 2006 5:42 am) If anyone is shopping, this was my deal: 2006 Passat Sedan, 3.6L, 4Motion, Package 1L, Rear airbags 36 mos./36,000 miles MSRP: $35,630 Cap. Cost: $32,300 MF: 0.00111 Residual: 55% Payment: $410 Payment w/tax: $447 Out of pocket $1,190 ($575 acquisition, 1st month and $168 for tags). Hopefully, I did OK. |
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MSRP $23,585 (Manual) 2 lease options (10k miles/yr.): $299/36 months includes tax and 1st payment, security deposit is waived, just add DMV fees; or $229/36 months with $2,500 total down I was also quoted 299/month with 1,276.72 due at signing for a base model Passat with heated seats, alloy wheels and automatic. Does base mean it is below the Value Edition? Your thoughts on these lease options and what other information i should get? |
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I am new to leasing and was hoping someone might clear up the lingo for me. The wagon is one level up from value edition, adding a Moon roof and 6 disc CD. I think this is level 1? The sticker on the wagon I am looking at is $26844.00 That is the number salesman plugged in as "Initial Cap Cost" 12000 miles a year, 36 month lease. The Residual is 57% with Res value of 16333.35 Money factor: .00087 With $350 security, $575 Acq fee, $57 total annual fee, $57.50 Initial fees. At the end of all this he quoted $1806 down and $346 a month. What is the Residual and money factor sell rate? How am I doing so far? Thanks for any help at all.
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Replying to: avoman (Jun 21, 2006 4:46 pm) IF they are offering leasing support on this car, it seems to me you should be able to get it for less than sticker. And, yes, as a matter of fact, I just looked it up on carsdirect and am getting a quote from them for $800 over invoice. So it seems like you should be starting with an initial cap cost about $900-$1k below sticker. Also, $16,333 is NOT 57% of $28,4. Its more like 61%. The mistake is in your favor, but I'm not sure why the mistake exists at all.
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