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Volkswagen Passat Lease Questions

752 messages,  Last post on Nov 30, 2009 at 5:44 PM

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

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#465 of 752 returning a leased passat by carteach Dec 04, 2007 (8:08 pm)
I'm writing on behalf of my daughter. She's about to return her Passat. She's over her mileage and is aware of that. More than that, her car has a large ding on the hood as well as a small rip in the inside trim around the door.   She does not want to lease or buy another Passat. Is there anything she should/can do when she returns the car?   Thanks for any help. Replies to this message: Car_man (Dec 07, 2007 3:22 am)
#466 of 752 2008 Passat Lease Deal by gassy1cars1 Dec 05, 2007 (4:48 pm)
Car man: Because of the past successes I had following your advice I need you to approve my moving forward with this deal. 2008 Passat Komfort with add ons like rear side air bags, heated seats, matt package and mud guards. MSRP 29,005, Cap cost with 575. acq. fee included. 26,680... Money factor .00118, term 39 mos., 15K miles per year..residual 14,212..monthly pay't w/o tax 367.93. At signing I will pay misc. tag transfer and VW makes my first months payment. I am told that there is $1K dealer cash on this car and I am getting a $1,500 reduction from MSRP due to being an existing VW Leasee. What's your advice on this deal? Thanks. (Your previous advice was provided to me as gassy1cars, I had to add a suffix to get on as a new member this time because of relocation) Replies to this message: Car_man (Dec 07, 2007 3:29 am) carrerah (Dec 08, 2007 11:55 pm)
#467 of 752 Re: volkswagen pull ahead program [hairysoda] by Car_man HOST Dec 06, 2007 (3:59 am)
Replying to: hairysoda (Nov 01, 2007 7:58 pm) Hi hairysoda. Volkswagen is running an early lease termination program for current Jetta lessees right now. Current lessees of Jettas through VW Credit with scheduled end dates of 1/2/2008 through 5/31/2008 are eligible to have up to their final six payments waived if they finance or lease any new Volkswagen through VW Credit before the end of the year.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#468 of 752 Re: couple of more questions [eric0476] by Car_man HOST Dec 06, 2007 (4:14 am)
Replying to: eric0476 (Nov 13, 2007 3:53 am) Hello eric0476. A base 2008 Volkswagen Passat Komfort has a spread of a little over $1,800 between its MSRP and its dealer invoice price. The $1,500 discount that you were quoted looks pretty attractive to me. It puts you at only a couple hundred dollars over invoice. Just make sure that the dealer you are working with uses VW Credit's current 39 month buy rate lease money factor of .00118 to calculate your monthly payment and you're in business.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#469 of 752 Re: returning a leased passat [carteach] by Car_man HOST Dec 07, 2007 (3:22 am)
Replying to: carteach (Dec 04, 2007 8:08 pm) Hi carteach. I am sorry to say that if your daughter's car is over her allowed mileage and has excess wear and tear that there really is not a whole lot that she can do to avoid having to pay a penalty at lease-end.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#470 of 752 Re: 2008 Passat Lease Deal [gassy1cars1] by Car_man HOST Dec 07, 2007 (3:29 am)
Replying to: gassy1cars1 (Dec 05, 2007 4:48 pm) Hey gassy1cars. I'm glad that I have been able to help you out in the past. The 2007 Volkswagen Passat Komfort that you described probably has a spread of around $1,900 between its full MSRP and its dealer invoice price. Plus as a returning VW Credit lessee you are eligible for a $1,500 incentive on this car. That gives you a total of $3,400 to play with. After the acquisition fee is backed out, it looks like you are being given a discount of around $2,900. That would be equivalent to around $500 over invoice which is a very good deal. The money factor that you were quoted is right in line with VW Credit's current buy rate for this model. If you like this car, I personally don't see any reason not to go for it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: carrerah (Dec 08, 2007 11:55 pm)
#471 of 752 leasing 08 Passat 2.0T by ramireaj Dec 08, 2007 (1:03 pm)
Hi, I have lots of questions!!   I currently have a 2004 VW Jetta leased that expires this June. However, I am thinking about turning it in early. I am interested in leasing a Passat but here's the thing: the website currently offers a lease on an 08 Passat 2.0T Turbo with auto transmission for $359/mo. for 39 months. On Edmonds.com I found out how to calculate a lease (http://www.edmunds.com/advice/leasing/articles/48365/article.html).   Using the MSRP of 25630 (incl. destination) and a money factor of 0.0018, I come up with a payment of $292.78 (excl. taxes and all other fees). What am I missing here? It is over a $2500 difference over the term of the lease. Also, how would the $1500 in owner loyalty (that is currently being offered) impact the lease? Thanks for your help. Replies to this message: search4car (Dec 09, 2007 8:46 am)
#472 of 752 Re: 2008 Passat Lease Deal [Car_man] by carrerah Dec 08, 2007 (11:55 pm)
Replying to: Car_man (Dec 07, 2007 3:29 am) Hi there. I'm jumping in a little late on this one - but am looking at '08 Passats tomorrow. Saw the MF you posted for a VW 39 month lse. Do you know the residual amount (%)? Also, I assume the $3k incentive was on the '07 models? Are there any special incentives on the '08s that you know of? Thank you!
#473 of 752 Re: leasing 08 Passat 2.0T [ramireaj] by search4car Dec 09, 2007 (8:46 am)
Replying to: ramireaj (Dec 08, 2007 1:03 pm) I think you've got the money factor off a little. I think it's actually .00118.   Try using this: http://www.leaseguide.com/calc.htm   I was able to come up with 355 before tax
#474 of 752 18,000 mile lease? help by search4car Dec 09, 2007 (8:48 am)
OK - so a 15K lease has a residual of 49%   What's the residual for 16, 17, or 18??   I had a vw 18K lease before, but I don't know how this was figured.

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