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Volkswagen Passat Lease Questions

751 messages,  Last post on Oct 15, 2009 at 2:08 AM

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

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#251 of 751 Driver Option same #s as Lease? by ckwehe Jul 16, 2006 (5:47 pm)
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? Replies to this message: fish8 (Jul 17, 2006 7:18 am) Car_man (Jul 23, 2006 10:11 am) charlos (Jul 24, 2006 1:50 pm) larmen (Jul 25, 2006 4:10 pm) Car_man (Sep 10, 2006 6:26 am)
#252 of 751 Re: Driver Option same #s as Lease? [ckwehe] by fish8 Jul 17, 2006 (7:18 am)
Replying to: ckwehe (Jul 16, 2006 5:47 pm) I have leased 2 cars from VW. So, leasing is definitely available to consumers.
#253 of 751 Re: VW Quote [bat60] by sdoo25 Jul 17, 2006 (7:27 am)
Replying to: bat60 (Jul 15, 2006 9:48 am) Your dealer may be trying to play hardball. From many forums and websites I've learned that you negotiate the price you're willing to pay for a vehicle and then the financing comes into play. When I leased my B6 I told the salesman that I didn't know if I was going to buy or lease. I gave an offer that they accepted and we went from there. There may be some VW corporate incentives that only apply to buying so if that's the case the your dealer is being honest. Do your research here and check fitzmall.com for prices and then call or email a few dealers with an offer for a specific car.   Hope this helps.
#254 of 751 Leasing V Buying by ckwehe Jul 19, 2006 (3:15 am)
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.
#255 of 751 Should I Take This Deal? by tc9897 Jul 19, 2006 (12:47 pm)
(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 Replies to this message: teressa1 (Jul 22, 2006 11:04 am) teressa1 (Feb 14, 2007 6:36 am) Car_man (Jul 23, 2006 3:03 pm)
#256 of 751 Re: Lease Details [mikemookie] by Car_man HOST Jul 21, 2006 (1:23 am)
Replying to: mikemookie (Jul 06, 2006 11:20 am) Hi mikemookie. The two most important numbers to know when leasing are your vehicle's selling price and its money factor. These numbers are important because these are the two main profit centers for dealers on leased vehicles. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The lower your vehicle's selling price is, the lower its monthly payment will be. The money factor is important to know because dealers are often allowed to mark vehicles' buy rate money factors up in an effort to make additional back-end profit on deals.   Car_man Host Prices Paid Forum Replies to this message: bat60 (Jul 21, 2006 4:04 am) Car_man (Jul 23, 2006 3:28 pm)
#257 of 751 Re: Lease Details [Car_man] by bat60 Jul 21, 2006 (4:04 am)
Replying to: Car_man (Jul 21, 2006 1:23 am) Car-Man As always Thanks for your info postings. Your all over these ( All Mfg ) car forums. Besides you is there any public forum who publicates thes numbers. Also what are the new Numbers ( MF & R ) for the 06 Passat 3.6 4-Motion --- 3.6 2-wheel. Thanks Mitch Replies to this message: Car_man (Jul 23, 2006 3:28 pm)
#258 of 751 Re: Should I Take This Deal? [tc9897] by teressa1 Jul 22, 2006 (11:04 am)
Replying to: tc9897 (Jul 19, 2006 12:47 pm) I'm in the process of turning in my 2003 Jetta and getting a 06 Passat 2.0 T (alloy wheels/chrome trim) I live in Ohio MSRP 26,109.00 The present deal is as follows: 42 months lease 12,0000 miles per yr $356.21 per month 500.00 down-this figure is the 1st payment on the Passat & tax/title/registration fees Replies to this message: teressa1 (Feb 14, 2007 6:36 am)
#259 of 751 Re: VW Passat Wgn 2.0T Lease MF and Residuals [Car_man] by amx Jul 23, 2006 (8:15 am)
Replying to: Car_man (Jun 05, 2006 2:09 am) thanks car_man .. this is post is a little late. .here it is. .we picked up the car late last month. For some reason, we got .00057 for the wagon (dealer error?) . .so we ended up with: - 0 down/drive off - 36/mo, 15K miles - Passat wagon, pkg1, rear side airbag - don't recall how much exactly below invoice.. - 366/mo incl CA tax!   leassons learned: we bought what they had in stock ..always shop around, even when you are quite some ways down with a dealer.. and always hang out at this forum.. you guys all rock.. Replies to this message: Car_man (Jul 23, 2006 3:33 pm)
#260 of 751 Re: what do you think car_man? [mikemookie] by Car_man HOST Jul 23, 2006 (9:35 am)
Replying to: mikemookie (Jul 07, 2006 6:09 am) Hey mikemookie. Let's take a look at this deal. The vehicle that tyou described, a 2007 Volkswagen Passat 2.0T Wagon with Luxury Package 2 has a spread of just under $2,500 between its full MSRP and dealer invoice prices. You are were quoted a discount of only $860. I am not intimately familiar with what the market is like for this model in your area right now, but I personally would shop around to see if I could get a larger discount than this. I would not be surprised if you were able to negotiate at least another $500 off this car's price. For additional informaiton on how much you should pay for this wagon, make sure to stop by the following discussion: "Volkswagen Passat: Prices Paid & Buying Experience".   Another thing that I don't like about this deal is the large cap cost reduction that you are making. I always advise community members not to make down payments on leased vehicles. I do so because if your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears.   VW Credit's new 36 month buy rate lease money factor for this model is .00113. Make sure that this is the number that the dealer you are working with uses to calculate its lease payment.   Car_man Host Prices Paid Forum

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