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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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Replying to: tedr3 (Jun 09, 2006 4:42 am) Car_man Host Prices Paid Forums |
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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
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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.
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Replying to: avoman (Jun 21, 2006 3:46 pm) 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 |
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Replying to: jjret (Jun 26, 2006 8:34 am) 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 |
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Replying to: countdown1 (Jun 26, 2006 7:03 pm) Car_man Host Prices Paid Forums
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Replying to: Car_man (Jun 27, 2006 1:57 am) 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?
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Car_Man, Would you provide me with the residual and money factors on a 2.0T Passat sedan, 36 months, both 12k and 15k per year mileage? Are the 2007 Passat sedans out? I've only seen the 2006 at my dealer. Thanks. Chris
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Any idea if I got a good, bad or ok deal on a 2.0T Passat?I think it's called level 1 - w/ sunroof and CD changer. 48 month lease with 15K miles. $2,865 out the door (that includes tax, license, registration and 1st month's payment) $329 per month (includes tax, window tint and excessive wear and tear warranty ($5k credit on lease return). At the end of the lease, I am able to buy the car for $13,070. Asking price on the car was $27,240. I live in Los Angeles as well. Any thoughts would be appreciated. Thanks, LJ |
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Replying to: lankers (Jul 04, 2006 2:38 am) If you haven't pulled the trigger yet, I just spoke to a dealer that said the new post 4th of July rates just came in this morning and "they are much better." He is waiting for the system to update the numbers, but he said they will definitely result in savings. I also believe that if you did recently sign that deal, you should be able to transition to the new rates. At least that is what I was told from the "friend of a friend." Good luck. On that note, does anyone out there have the specific details on the rate changes for the Passat?
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