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Volkswagen Passat Lease Questions

752 messages,  Last post on Nov 30, 2009 at 5:44 PM

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

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#221 of 752 Re: 07 Passat Wagon lease. [qbrozen] by avoman Jun 22, 2006 (11:40 am)
Replying to: qbrozen (Jun 22, 2006 11:27 am) I believe it might have heated seats. Not really looking for those but this car might have had them. As for the anual fee. I had the salesman print out the Lease information screen and has Total Annual Fees $57.00, Total Initial Fees 57.50. When I speak to the salesman, I will ask. Thanks for all your help. Replies to this message: qbrozen (Jun 22, 2006 11:41 am)
#222 of 752 Re: 07 Passat Wagon lease. [avoman] by qbrozen Jun 22, 2006 (11:41 am)
Replying to: avoman (Jun 22, 2006 11:40 am) no problem. Good luck.
#223 of 752 Re: 2006 Passat 2.0T Auto lease numbers [deejay2099] by Car_man HOST Jun 26, 2006 (3:58 am)
Replying to: deejay2099 (Jun 05, 2006 6:02 am) You're very welcome, deejay2099. Congratulations on your new car. The Passat is a great vehicle. Volkswagen usually changes its lease program every month, so that is probably why the June program is different than the one that was available when you leased.   Car_man Host Prices Paid Forums
#224 of 752 Re: 2006 Passat 3.6L Lease MF and Residual [tedr3] by Car_man HOST Jun 26, 2006 (4:06 am)
Replying to: tedr3 (Jun 09, 2006 4:42 am) I'm glad that you enjoy this forum so much, Ted. According to the latest information that I have seen, if you were to lease a 2006 Volkswagen Passat 3.6L 2WD Sedan through VW Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00111 and 52%, respectively.   Car_man Host Prices Paid Forums
#225 of 752 Lease 2006 VW Passat 2.0T by jjret Jun 26, 2006 (8:34 am)
Good afternoon,   I am ready to lease a 2006 Passat 2.0T, Pacakage 1 w/ Cold Package. Here is dealer initial offer (I live in Mass).   $27,455 MSRP $26,289 sell price $2500 Down $326 p/m for 36 m 12k per year $13,727 Residual   I am a first time lease purchaser, any help, THANKS Replies to this message: Car_man (Jun 27, 2006 1:46 am)
#226 of 752 2006 VW Passat Value Edition by countdown1 Jun 26, 2006 (7:03 pm)
Hi,   First time leasee as well. Here's the best deal I got for a 2006 Value Edition Passat:   Original MSRP: 24,655.00 Adjusted MSRP: 24,655.00 Residual Value: 13,313.70 (54%) Annual Miles: 12,000 Discount/ Buy Rate/ Adjusted/Sell Rate: 0.000470 Dealer Cost: 23,228.00 Selling Price: 22,928.00 Price Adjustment: 456.26 Adjusted Selling Price: 23,384.26 Total Cap Cost: 23,959.26   Payment: 36 months 299.76 Plus Tax = $317.75 Nothing except first month due at signing.   Can I do better than this?   Thanks. Replies to this message: Car_man (Jun 27, 2006 1:57 am) countdown1 (Jun 27, 2006 6:47 am) Car_man (Jul 06, 2006 1:48 am)
#227 of 752 Re: 07 Passat Wagon lease. [avoman] by Car_man HOST Jun 27, 2006 (1:29 am)
Replying to: avoman (Jun 21, 2006 3:46 pm) Hi avoman. 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 far as the lease that you are negotiating goes, the money factor that you were quoted, .00087, is right in line with VW Credit's buy rate factor fro a 36 month lease of an '07 Passat 2.0T Wagon. This is a good sign because it means that the dealer you are working with is not trying to mark your vehicle's money factor up to add additional back-end profit to your deal. The other items that you mentioned, like the security deposit and acquisition fee look good to me as well.   The other main profit center on leases is your vehicle's selling price. If I am interpreting your post correctly, it appears as though you are paying full MSRP for your wagon. Is this correct? If so, you should try to negotiate a lower selling price with this dealer or comparison shop a little bit with other dealers. The selling prices of leased vehicles are almost always negotiable.   Car_man Host Prices Paid Forums
#228 of 752 Re: Lease 2006 VW Passat 2.0T [jjret] by Car_man HOST Jun 27, 2006 (1:46 am)
Replying to: jjret (Jun 26, 2006 8:34 am) Welcome jjret. since this is your first time leasing, you definitely should check out the articles that I provided links to in my previous post. The first thing that jumps out at my with this lease is the $2,500 down payment. Consumers can always lease vehicles without making any sort of capitalized cost reduction and it is in their best interest to do so. I say this because if your leased Passat is totaled in an accident or stolen and never recovered, your down payment essentially disappears.   As far as this car's selling price goes, a base 2006 Passat 2.0T Sedan has a spread of around $2,000 between its full MSRP and dealer invoice prices. You are being given a discount of $1,166 on the specific car that you want. I suspect that you may be able to negotiate another couple hundred dollars off of its price. Give it a shot, you have nothing to lose.   Using the prices that you were quoted, an MSRP of $27,455, and a selling price of $26,289, and VW Credit's actual lease program, I estimate that this car's 36 month, 12,000 mile per year, zero down, pre-tax monthly payment should be around $326 a month, just like you were quoted. This is a good sign because it means that the dealer you are working with isn't playing games with the numbers to add additional hidden back-end profit to your deal. Anyhow, try getting a larger discount and see what happens. Another $500 off would lower the payment for an identical lease to around $313.   Car_man Host Prices Paid Forums
#229 of 752 Re: 2006 VW Passat Value Edition [countdown1] by Car_man HOST Jun 27, 2006 (1:57 am)
Replying to: countdown1 (Jun 26, 2006 7:03 pm) Hi countdown1. The selling price that you were quoted for this car, $22,928, looks very good to me. What's this $450 "price adjustment" all about. It just looks like another way for your dealer to add profit to your deal. Even with this, you are still around $560 over invoice which isn't bad, but it's not as good as the actual selling price that you were quoted. The money factor that you were quoted for this car looks good to me. Find out what this "price adjustment" is all about and see if you can get it lowered or eliminated. Even if you can't, this is still a reasonable deal.   Car_man Host Prices Paid Forums Replies to this message: countdown1 (Jun 27, 2006 6:47 am) Car_man (Jul 06, 2006 1:48 am)
#230 of 752 Re: 2006 VW Passat Value Edition [Car_man] by countdown1 Jun 27, 2006 (6:47 am)
Replying to: Car_man (Jun 27, 2006 1:57 am) Car_man, thanks!   Here's how they arrived at that price adjustment of $456.26   Customer cash/rebate: 300.00 Total cash/rebate/equity: 300.00 Inception fees: 756.26 cash/equity: Deficiency 456.26   Any more insight to this would be greatly appreciated.   There's also an assignment fee of 575.00 (included in cap cost of 23,959.26) - can I work on getting that lowered or eliminated?   Also, what is the invoice? 23,228.00? Replies to this message: Car_man (Jul 06, 2006 1:48 am)

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