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Prices Paid: Buying & Leasing Experiences Volkswagen Passat Lease Questions
666 messages, Last post on Jul 03, 2008 at 11:19 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car Man, We just bought our 2.0T using the driver's option and with what we got for our trade, it made the payment less than $330/mo for 36 months. Our balloon payment at the end is about $1000 higher than the 57% residual on a lease, but we paid nothing out of pocket on the front end. When I plugged the numbers from our purchase including the trade difference into the lease formula on Edmunds.com the lease payment was $1 higher than our payment on the driver's option - and that was before taxes. Also, just for kicks I figured what our payment would have been using your numbers from post #32 and paying no money down. The payment would have been 363.88 for 36 months before taxes with the residual being $15,512. This also does not account for security deposits and acquisition fees. At the end of 36 months we have the option to purchase the car, refinance, trade, or turn it in. I know if we turn it in there will possibly be some fees we will have to pay, but we will most likely trade. If you can buy a car in such fashion, is there really any advantage to leasing? VW Credit has a little information on their website at link title. What's your take on this? Thanks, Jeff
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Car-Man, I went to a dealer in NJ today who told me that there is a special regional program in the state to help dealers move 2.0T Passats. He stated it was $750 customer cash on leases and that there were only 12 dealers in NJ that were participating in this program. However, the money factor he quoted was .001520 and the residual was 57% for a 36 month 15,000 mile per year lease. My question is would there be a different money factor under this program or is he just marking it up. Is the customer lease cash back really $750 or is it more. And is there a way to find out who the other dealers are that are participating in this program. He also said it was ending this Monday. Is there any way to know whether it will continue into next month. Thanks for any info you can provide. |
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Hi, Can someone post the current (till end of Oct., I think) lease rates for the 2006 Passat? Or point me to where I can find them? Thanks, Dan
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Replying to: danpa (Oct 29, 2005 9:57 pm) Message #32 regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Oct 30, 2005 4:26 am) I'm looking for lease rates for 10,000 miles (or 8,000--is that an option?) per year for 36 months. I'm also considering 24 months, or 48 months. This info was not in msg. 32. Also, do you (or anyone else) these rates change much month to month? Is it better to strke a deal now, when the sales force is attempting to move vehicles before end of month or to wait until Tuesday when the money factor might change for the better? Thanks, Dan |
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Car_Man, I am going to be shopping for a 2006 Passat soon and want to know what sort of money factor and residual value I should be looking for. I ran a 2006 2.0T with Package #2 and cold weather package on edmunds and came up with a TMV of $28,263 and MSRP of $28,919. I am looking for a 36-month lease. Before I go in, can you tell me what money factor and residual I should be looking for. I have decent credit. Also, is that TMV what I should be looking for as a final negotiating price (realistically). |
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car_man, Do you have the money factor and residuals for the 6cyl FWD Passat? 24 and 36 mths for 15k/yr. Thanks.
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Replying to: tlabrie (Nov 01, 2005 9:36 pm) |
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A sales manager at a local dealership told me this evening that the Money Factor has increased for 12-36 month leases (good credit) from 0.00137 (3.288%) TO 0.00184 (4.416%). Can anyone confirm this, or add further info, such as more details on lease options or genuine November incentives? I was quoted by phone the Money Factor on 1 Nov. of 0.00137 and am now being told that there is no negotiation, with respect to the new MF--they use whatever VW Credit provides. It's a significant hike and adds $20/month to a 36 month lease ($720)!
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I just was quoted the following lease price on an 06 passat 2.0T (package #2): $350/mo. for 36 months, 12K miles per year with $2,100 down (includes all.) Selling price on the car is $27,197. Does this sound like a good deal?? Appreciate your thoughts. Phoebe
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