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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

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


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#229 of 752
Re: 2006 VW Passat Value Edition [countdown1] by Car_man HOST
Jun 27, 2006 (1:57 am)
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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.
 
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#230 of 752
Re: 2006 VW Passat Value Edition [Car_man] by countdown1
Jun 27, 2006 (6:47 am)
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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?
#231 of 752
2.0T Lease Question by cdt1
Jul 03, 2006 (8:13 pm)
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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
#232 of 752
2.0T Lease Question by lankers
Jul 04, 2006 (2:38 am)
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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
#233 of 752
Re: 2.0T Lease Question [lankers] by mikemookie
Jul 05, 2006 (7:31 am)
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Replying to: lankers (Jul 04, 2006 2:38 am)

When you add it all up, it comes out to about $408 a month (includes down payment divided by 36). That is pretty much what I have seen after going to 3 different dealers, one of which was a "friend of a friend." The difference is that the quotes I received were for a Level 2 WAGON - leather w/ heated seats.
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?
#234 of 752
Finders Fees by mikemookie
Jul 05, 2006 (8:06 am)
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Hey Car Man,
Is there anyway to negotiate the fees that come along with a dealer having to locate and deliver your car that is not on their lot?
#235 of 752
Re: Finders Fees [mikemookie] by qbrozen
Jul 05, 2006 (9:10 am)
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Replying to: mikemookie (Jul 05, 2006 8:06 am)

of course there is. Just tell them you will pay no such fee. I've never been charged a separate fee by a dealer to get a car for me from another dealer.
#236 of 752
Re: 2.0T Lease Question [mikemookie] by lankers
Jul 05, 2006 (11:44 am)
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Replying to: mikemookie (Jul 05, 2006 7:31 am)

Wow, so I really got taken advantage of then, right??
 
Mine, all in including tax is $18,657
(48 month lease with 15K miles) - I have leather seats, but not the all leather package with heated seats.
 
Is there anything I can do? You mentioned that I should be able to go and get the new rates if I already purchased??
Or am I just out of luck?
 
Thanks for your advice!
#237 of 752
Re: 2006 VW Passat Value Edition [countdown1] by Car_man HOST
Jul 06, 2006 (1:48 am)
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Replying to: countdown1 (Jun 27, 2006 6:47 am)

No problem, countdown1. OK, so the price adjustment covers the charges that are due at lease signing. I still would want a breakdown of the "inception fees" if I was in your situation to make sure that there is no padding going on, but this makes more sense. Volkswagen Credit charges a $575 acquisition fee on every vehicle that it leases. Individual dealers do not have the authority to waive this charge do don't bother trying to eliminate it. You can look up the exact dealer invoice price of the truck that you want by visiting the following section of this site: Edmunds.com New Vehicle Pricing.
 
Car_man
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#238 of 752
Re: 2.0T Lease Question [cdt1] by Car_man HOST
Jul 06, 2006 (2:00 am)
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Replying to: cdt1 (Jul 03, 2006 8:13 pm)

Here you go, Chris. If you were to lease a 2006 Volkswagen Passat 2.0T Sedan through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00099 and 51%, respectively. The money factor for an otherwise identical lease with only 12,000 miles per year would be the same, but the residual value would be 2% higher. The 2007 Passat Wagon has been out for several months now, but I do not believe that the '07 Passat Sedans are available yet.
 
Car_man
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