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Prices Paid: Buying & Leasing Experiences Volkswagen Passat Lease Questions
751 messages, Last post on Oct 15, 2009 at 2:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hey Car Man, Just got a new quote from a dealer on Long Island today to compare to my other quote above in Post #243 that I received from a dealer in CT. '07 2.0 Passat Wagon, Pkg 2, 36 mo/10k MSRP - 29,630 Selling - 29,388 Residual - 58% Lease Factor - .00113 36 mo - 363/mo Down Payment - 2,490 Unlike the CT quote, I'll have to pay the 8.625% NY tax in full upfront rather than the 6% CT tax being baked into the monthly payments. Couple questions for you (aside from assessing the value of these 2 quotes): 1. How do you recommend I go about using these quotes to negotiate down the higher dealer? Is it as simple as sharing the numbers and asking if he can do better than the other guy? 2. A friend of mine is a member of the "VW Alpha Drivers" club and has a $500 Passat lease mail-in rebate that he says is transferable that he is going to give me. Have you heard of these and know how they work? Thanks! MM
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Mike, Are they not discounting the wagon ??? The MSRP on the 2.0 sedan we were quoted on loaded was 31,733 and selling price is 28,523..
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Replying to: bat60 (Jul 12, 2006 4:11 am) Where is the Car Man. Really want to sign a lease this week. He hasn't posted in like 6 days. |
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Replying to: mikemookie (Jul 12, 2006 7:21 am)
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Replying to: bat60 (Jul 15, 2006 9:48 am)  -.00111. I'm not trusting this new guy runing the ship. The guy before him was a stright shooter.. Thanks
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| The dealer I started working with insists that you have to do Driver Option, you can't just lease unless you are a business. So he gives me interest rates but no money factor. The VW website doesn't seem to say that at all. Does anyone know if there is any difference? | |
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Replying to: ckwehe (Jul 16, 2006 5:47 pm) |
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Replying to: bat60 (Jul 15, 2006 9:48 am) Hope this helps. |
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Does anyone have a good calculator online to use to compare Lease v Buy? Or just a brain that wraps around this stuff more readily than mine?  Choices: Lease a 2.0T with package 1 36 m/10,000 mi for $25370, money factor .00099, security + acquisition fee down $986.87, residual 54%. Dealer math says $392/m for 36 m Buy same car for $23370 ($2000 rebate), put same amount down to compare apples to apples $986.87. I would probably use market rate of 6.35% on 60 month finance in reality but for comparison purposes maybe should look at 5.99% on 36 month. Trying to guesstimate depreciation over the years, seems like take 20% off per year. |
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(My apologies for cross-posting) I have received several email quotes on the 42- and 36 month lease for a 2006 Passat 2.0T VE (auto transmission). MSRP is $24,655 and Invoice Price $23,248. The best one I got so far is: 1) With $1000 down, a 42 month lease with 10,000 mi pr yr and $1000 Out of Pocket is $334.60 per month. 2) A 36 month lease with 10,000 mi pr yr and $1000 Out of Pocket is $342.56 per month. Other breakdown is as follows: $993.28 NJ Tax $334.50 1st month payment $129.00 Doc Fee $7.50 NJ Tire fee =========== $1698.38 The dealer claims that "these fees are normally what's required up front. You are only putting down $1000. The difference is applied to the lease." My question: How can I know for sure whether this is a great deal? I know that there is a special lease deal going on right now (42 month/ $1,500 down payment, 12k miles/year for $279 per month plus tax and tags) , but it is not clear whether the quote above is comparable to it. I have asked for the money factor and res. value figures, but haven't received them yet. Could the others who recently leased a Passat out there give me some advices? I would appreciate it. terri
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