- #257 of 751
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Re: Lease Details [Car_man]
by bat60
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Jul 21, 2006 (4:04 am)
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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
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- #258 of 751
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Re: Should I Take This Deal? [tc9897]
by teressa1
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Jul 22, 2006 (11:04 am)
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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
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- #259 of 751
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Re: VW Passat Wgn 2.0T Lease MF and Residuals [Car_man]
by amx
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Jul 23, 2006 (8:15 am)
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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..
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- #260 of 751
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Re: what do you think car_man? [mikemookie]
by Car_man HOST
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Jul 23, 2006 (9:35 am)
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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
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- #261 of 751
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Re: 2006 Passat 2.0T auto [chmcmm]
by Car_man HOST
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Jul 23, 2006 (9:44 am)
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Replying to: chmcmm (Jul 07, 2006 9:03 am)
Hello chmcmm. A base 2006 Volkswagen Passat 2.0T Sedan has a spread of a little over $1,900 between its full MSRP and dealer invoice price. You were quoted a discount of around $1,500 on the car that you are interested in. This is a pretty good price for a lease of an '06 Passat (not the Value Edition) through VW Credit right now. Using the prices that you mentioned in your post, an MSRP of $27,790 and a selling price of $26,300, and VW Credit's current 36 month, 12,000 mile per year lease program, I estimate that this car's zero down, pre-tax monthly payment should be around $363. Make sure to find out why the payment that the dealer quoted you is different. Perhaps you are having your car's security deposit waived or its acquisition fee rolled into its capitalized cost.
Car_man
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Prices Paid Forum
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- #262 of 751
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Re: 2006 Passat 2.0T auto [bat60]
by Car_man HOST
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Jul 23, 2006 (9:48 am)
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Replying to: bat60 (Jul 10, 2006 8:11 am)
You're welcome, bat60. Let me know if you have any other questions.
Car_man
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Prices Paid Forum
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- #263 of 751
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Re: Another 2.0 Passat Wagon quote [mikemookie]
by Car_man HOST
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Jul 23, 2006 (9:54 am)
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Replying to: mikemookie (Jul 10, 2006 12:35 pm)
Hey mikemookie. The money factor that you were quoted is right in line with VW Credit's current buy rate for this model. This is a good sign because it means that this dealer is not attempting to mark your car's money factor up to add additional back-end profit to your deal. The selling price that you were quoted still seems a little high to me though. Have you gotten price quotes from multiple dealers in your area? If so and they quoted you similar prices than this is just the market for this car right now, but I have a suspicion that you can do better than this, even on a 2007 model.
Car_man
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Prices Paid Forum
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- #264 of 751
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Re: VW Quote [mikemookie]
by Car_man HOST
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Jul 23, 2006 (10:04 am)
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Replying to: mikemookie (Jul 12, 2006 7:21 am)
Ahhh, the additional $1,000 discount makes this a much better price than it initially appeared, mikemookie. It still doesn't hurt to comparison shop through. I never go six days without posting in this forum. I'm in here every day except for Saturdays. I make the rounds through a ton of discussions so it's possible that I have not been in the Passat Lease discussion for a few days through.
Car_man
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- #265 of 751
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Re: VW Quote [bat60]
by Car_man HOST
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Jul 23, 2006 (10:06 am)
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Replying to: bat60 (Jul 15, 2006 9:48 am)
Hey bat60. Part of the reason for the incredible discounts that you are seeing is the $2,500 dealer cash that Volkswagen is currently providing on 2006 Passat 2.0T Sedan and $3,500 dealer cash that it is providing on Passat 3.6 Sedan models. Unfortunately, this dealer cash is not compatible with VW Credit's special lease program. So expect the price that you will have to pay for a leased '06 Passat to be several thousand dollars higher than the price that you would have had to pay for one had you paid cash for it or financed it through an independent bank.
Car_man
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- #266 of 751
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Re: Driver Option same #s as Lease? [ckwehe]
by Car_man HOST
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Jul 23, 2006 (10:11 am)
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Replying to: ckwehe (Jul 16, 2006 5:47 pm)
Greetings ckwehe. VW Credit definitely leases new vehicles to consumers, not just businesses. What state are you in? A while ago many banks stopped leasing vehicles to residents of New York. However, when that state's vicarious liability laws were eliminated most banks resumed leasing to New York residents. VW Credit's Drivers Option program is what is known in the industry as a balloon note program. Balloon notes are very similar to leases in that they provide consumers with low monthly payments and with the option to purchase their leased vehicles for a per-determined price after a specific period of time. One difference between balloon notes and leases are that with leases the banks names are on vehicles' titles while with balloon notes yours is. Another difference is in how they are calculated. Banks use normal interest rates for balloon notes instead of money factors.
Car_man
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