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Volkswagen Passat Lease Questions

706 messages,  Last post on Nov 21, 2008 at 3:17 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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#310 of 706
Re: Passat Lease Turn-in Experience [fish8] by bronsonb
Oct 04, 2006 (9:18 am)
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Replying to: fish8 (Oct 03, 2006 4:18 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!
#311 of 706
Re: Passat Lease Turn-in Experience [bronsonb] by fish8
Oct 05, 2006 (5:08 am)
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Replying to: bronsonb (Oct 04, 2006 9:18 am)

I bought both of my VW's at JE on Cobb Parkway. East Cobb? I grew up in EC and went to High School there. Small world huh?
#312 of 706
Money factor 2006 vs. 2007 by barna
Oct 05, 2006 (12:56 pm)
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Replying to: Car_man (Oct 04, 2006 1:39 am)

Dear Car_Man,
 
Do you already know the money factor for the Passat 2007? What about the money factor for Passat 2006 in October? Is it better than 0.0099 already and 51% residual?
#313 of 706
New to the World of Leasing by ihoney
Oct 12, 2006 (2:57 am)
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Hi Car_man
 
I'm new to the world of leasing and I'm interested in a 2006 Passat 2.0T with Automatic Transmission - Pkg #1, Navigation, upgraded wheels, and tiptronic (required with Nav). Still debating about the 36 or 42 month lease. I'm visiting the VW dealer on Saturday.
 
I found this lease deal on the VW website. What does it mean when they say "Requires dealer contribution of $1,088.66, which could affect final negotiated transaction".
 
2006 Passat 2.0T Value Edition with Automatic Transmission
42-month lease
 
$2,354 due at signing
(excluding taxes, title, options, and dealer charges)
 
Or, see your local VW dealer for one of the many other great lease deals available on Passat sedans.
 
**US cars only. $279 first month's payment, $1,500 down payment and $575 acquisition fee due at lease inception. Monthly payments total $11,718. Based on MSRP of $24,655 for a 2006 Passat 2.0T Value Edition Sedan with 6-speed automatic transmission, excluding title, taxes, options and dealer charges. Closed-end lease offered to highest qualified customers by Volkswagen Credit through participating dealers. Supplies limited. Offer ends October 31, 2006. Requires dealer contribution of $1,088.66, which could affect final negotiated transaction. Lessee responsible for insurance. At lease end lessees responsible for $0.15/mile over 42,000 miles and for damage and excessive wear. Additional charges may apply at lease end. Purchase option at lease end for $12,327.50. Dealer sets actual prices. See your Volkswagen dealer for details.
#314 of 706
Re: Money factor 2006 vs. 2007 [barna] by Car_man HOST
Oct 24, 2006 (1:24 am)
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Replying to: barna (Oct 05, 2006 12:56 pm)

Here you go, Elyse. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Passat 2.0T Sedan with 10,000 miles per year are .00238 and 58%, respectively. The numbers for an otherwise identical lease of a 2006 Passat 2.0T Sedan (not the Value Edition) are .00099 and 54%.
 
Car_man
Host
Prices Paid Forum
#315 of 706
Re: New to the World of Leasing [ihoney] by Car_man HOST
Oct 24, 2006 (1:36 am)
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Replying to: ihoney (Oct 12, 2006 2:57 am)

Welcome ihoney. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
The selling prices of leased vehicles are negotiable. The statement that you posted, "Requires dealer contribution of $1,088.66, which could affect final negotiated transaction," means that you have to be given a discount of $1,088.66 on this car in order to arrive at its advertised lease paymnet. This car actually has a spread of around $1,800 between its full MSRP and dealer invoice price. This late in the model year, you probably can negotiate a larger discount than the one that was used to arrive at this advertised payment. The larger the discount you negotiate is, the lower this car's payment will be.
 
Car_man
Host
Prices Paid Forum
#316 of 706
incentive money for a lease? by xriderbc
Oct 24, 2006 (12:10 pm)
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Hello Car_man- new to this forum. I am looking to lease an 06' Passat , and see from an above post that a money factor of .00099 is available. The question I have is concerning negotiating the best price (of course). Assuming about $1800 from MSRP to invoice, at this point in the year can I also try to negotiate some of the holdback (I read somewhere this is about 3%- is that 3% off of invoice, not MSRP, correct?) which would mean another $700 or so, so an agressive discount would be $2300- $2500 roughly? Does incentive money (which last month was $2500 on a 2.0T, $3500 on a 3.6 V6, and I assume is present this month as well) apply on a lease the same as a financed purchase? I have seen people on other forums say they got as much as $7700 off MSRP on a 3.6, so am I assuming correctly that is below invoice + the $3500 factory incentive off? I want to lease a 2.0T, $2000+ off of MSRP to invoice, and can I push for the $2500 incentive as well on a lease, or am I nuts here? Thanks for your help!
#318 of 706
Re: bump [xriderbc] by sammya_md
Oct 31, 2006 (2:38 pm)
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i'm not sure exactly about your question, but I just bought a 2007 2.0T passat (manual) transmission for around 750 under invoice (estimating since I worked on an OTD price, i am taking taxes and fees out rougly)...so just saying there are good deals out there to be had even on the 2007 models
 
good luck
#319 of 706
VW 2007 Passat vs Jetta (GLI) by tribalvinyl
Nov 09, 2006 (1:29 pm)
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Does anyone know what is the current rate (MF: November) offered by VW Credit on a 2007 Passat (2.0T) and 2007 Jetta (GLI) not the value edition? Also what are the residial values if I would lease the car for 36 months (12,000 miles). I would appreciate any feedback.
Thanks

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