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Volkswagen Passat Lease Questions

698 messages,  Last post on Oct 06, 2008 at 11:46 AM

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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#301 of 698
Passat Lease Turn-in Experience by bronsonb
Sep 29, 2006 (5:07 pm)
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I am getting close to the end of my 48 month lease on my 2003 Passat Wagon (GLS - 1.8 T), and so far the experience has been pretty good. I had the pre-termination inspection done Monday and was pleasantly surprised that the only items the company wants to charge me for are a plugged windshield (bullseye repaired) and one alloy wheel with really bad fender rash (trying to get close enough to the card reader at my parking deck and got too close).
 
They identified lots of dents and dings (more than I think are truly there...and I looked closely), but all are marked as "No charge." I had expected two dings on the hood to get me, but she marked those no charge as well.
 
The two items they want to charge me for are both covered by the excess wear and tear policy that is included in my lease (which VW tried to charge me for, but when I walked out, they offered to toss it in at the same price).
 
Anyway, I had heard horror stories of people being forced to take their car to the dealer for service and stuff like that before they could get clearance to turn the car in. I had all of my records ready to as I do my own oil changes, air filters, and the like and never take my car to VW as they are too pricey and take far too long (the price doesn't get me as much as "all day" for an oil change).
 
Anyway, had all of that documentation ready to go to prove I'd done the factory maintenance, and the lady only asked the mileage and date for my last service.
 
I am well under my allotted miles and have scheduled the turn in date as well. So at this moment, it looks like this should be relatively painless. I have, of course, opted not to buy the car as we've really outgrown it and are moving into SUV territory...and the overpriced Toureg just doesn't cut it for me.
 
We'll still have my wife's 1999 Passat GLS V6 - 109K miles and still going strong!
 
Take care all!
#302 of 698
Re: Is this lease a good deal? [barna] by Car_man HOST
Oct 01, 2006 (8:24 am)
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Replying to: barna (Sep 16, 2006 1:04 pm)

Hello Elyse. I believe that the car that you described has a spread of just over $2,000 between its full MSRP and dealer invoice price. You were quoted a discount of $1,390 on this car, which is probably right around $600 over invoice. This is a reasonable price for a lease of this car. The money factor that you were quoted for this car is right in line with VW Credit's lease program for it, so this aspect of your deal is good as well. Both of the main profit centers on leases, the money factor and selling price, look good to me. If you like this car, I personally do not see any reason not to pull the trigger on this deal. Volkswagen's September lease program for this model is scheduled to run through October 2nd. It is difficult to say what its new October lease program for this car will be like. If you check back with me late this week I would be happy to tell you want this car's new lease program is.
 
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#303 of 698
Re: 2007 Passat Sedans [cheep] by Car_man HOST
Oct 01, 2006 (8:27 am)
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Replying to: cheep (Sep 19, 2006 10:30 am)

Here's the information that you are looking for cheep. You never mentioned how long you want to lease this car for, so for now I will assume that you are interested in a 36 month lease. Through October 2nd, Volkswagen Credit's buy rate lease money factor and residual value for a 36 month lease of a 2007 Passat 2.0T Sedan with 15,000 miles per year are .00191 and 55%, respectively.
 
Car_man
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#304 of 698
Re: 2006 Passat 3.6 vs Acura TL vs Infiniti G35 [eseir] by Car_man HOST
Oct 01, 2006 (8:32 am)
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Replying to: eseir (Sep 21, 2006 4:56 pm)

Welcome eseir. This particular discussion is for community members to discuss leasing the Volkswagen Passat. You will have better luck getting owners' opinions of the Passat 3.6 if you visit the following discussion: "Volkswagen Passat 2006+". If you have any specific questions about leasing this car I would be happy to answer them here for you.
 
Car_man
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#305 of 698
Re: Is this lease a good deal? [Car_man] by barna
Oct 02, 2006 (8:14 am)
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Replying to: Car_man (Oct 01, 2006 8:24 am)

thank you car man. i will check back later this week.
#306 of 698
Lease vs Purchase for 2006 Passat by big_al1
Oct 02, 2006 (6:25 pm)
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Car_man:
Im trying to purchase a 2006 Passat 2.0T. Do you know if there are any incentive programs to purchase a 2006? If not, can you explain the advantages (or disadvantages) to purchase a year-old car (2006) vs. a new car (2007).
 
Thanks
#307 of 698
Re: Passat Lease Turn-in Experience [bronsonb] by fish8
Oct 03, 2006 (5:18 am)
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Replying to: bronsonb (Sep 29, 2006 5:07 pm)

Glad to hear your turn in experience is going well so far. What dealer are you working with? My lease is up in another year and a half!
#308 of 698
Re: Is this lease a good deal? [barna] by Car_man HOST
Oct 04, 2006 (2:39 am)
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Replying to: barna (Oct 02, 2006 8:14 am)

No problem, barna.
 
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#309 of 698
Re: Lease vs Purchase for 2006 Passat [big_al1] by Car_man HOST
Oct 04, 2006 (2:47 am)
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Replying to: big_al1 (Oct 02, 2006 6:25 pm)

Hi Big Al. Through October 2nd, Volkswagen was providing $2,500 dealer cash on the 2006 Passat 2.0T Sedan. I have not seen if that incentive was extended for the month of October, but I assume that it was. If I was in the market for a new Passat right now and I wanted to lease I would go with a 2007 model because its lease program is more attractive right now. If I decided to finance or pay cash for my new car I probably would go with a 2006 Passat because one should be able to negotiate a lower selling price on a leftover 2006 model given dealers' desire to clear their old inventory off of their lots and this car's dealer cash.
 
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#310 of 698
Re: Passat Lease Turn-in Experience [fish8] by bronsonb
Oct 04, 2006 (10:18 am)
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Replying to: fish8 (Oct 03, 2006 5:18 am)

Hi Fish8:
 
I'm turning the Passat into Jim Ellis VW on Highway 41 (Cobb Parkway) in Marietta, GA. VW actually gave me the option of returning it there or at Gosset in Alpharetta. Although we've moved to East Cobb, and Alpharetta is no longer that far away, I know where Jim Ellis is, so I picked that one as I am more familiar with it.
 
I'll let you know if any shenanigans occur during the actual drop off. Thanks!

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