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Prices Paid: Buying & Leasing Experiences Volkswagen Passat Lease Questions
685 messages, Last post on Sep 01, 2008 at 3:32 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hello all and hope everyone's holidays are going well. If someone could help me figure this out - I'm trying to get into my first VW Passat lease. I went and test drove one and liked it: 08 Passat Komfort sedan 12k mile lease with $0 down Net Cap cost: $29251.48 MF: 0.00118 Residual of 51% Monthly payment of $423.60 Does this sound ok? I have a 3.2% tax for VA and the invoice price is $27,788 plus a $575 acquisition fees which this guy says he cannot take off. After that, I still am $988 and some change short of the net cap cost listed above....is it fair to assume that that's tax? or should I be asking him to take the acquisition fees and the $988 and change off? All in all, it looks like a decent deal to me - I just would like to know if there is any more 'wiggle' room to get the monthly payment lower? Thanks for any and all input in advance!
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This seems high... you should be able to get a cap cost of invoice. How many komfort sedans do they have on the lot? Remember, you should be negotiating as though you were going to buy the car. Would you buy one for msrp? Probably not. It looks like the dealer is not cutting you a deal at all, since VW is floating the low money factor. Offer him invoice for the car; you'll still have to pay the acquisition fee, tax and license. Check out www.leaseguide.com/calc.htm which should give you a good idea of what payments would be. The VW site offers a base turbo sedan at $349/mo (plus tax & fees), (10k per year), $0 drive-off for 39 months. I can't imagine that a Komfort model with 12 k should cost you $80 more per month. VW picked up the first month's payment, plus I got $2350 owner loyalty since I owned a VW (2006 sedan traded in for 2008 wagon). Good luck! |
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Replying to: parvez (Dec 30, 2007 8:39 pm) The actual invoice is $27,788.00 plus a $575 acq fee and $988.48 in taxes. I do not pay anything upfront and VW takes care of the first month's payment as well. Does it still sound high? Kindly do let me know since I want to get in on this offer. Thanks |
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Hi, If you're getting the car at invoice, you should be ok; ask them if VW has any other dealer incentives they can pass on to you to help defray the tax and fee. (They actually should quote you a figure which includes ALL tax and fees, otherwise it's not a $0 down lease.) Be sure to get enough miles included -cheaper to pay upfront rather than at end. BTW, if you have ANY use for a wagon... I'd definitely get that instead of the sedan. It drives the same, gets the same mileage, and is versatile. I think it looks better than the sedan (and it definitely is more useful). Since you're leasing the price difference is negligible. Money factor for a wagon is slightly higher: .00125 vs. .0018. I had the sedan for 15 months... really like the wagon now. Good luck... |
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Just received a quote today on a '08 Passat Komfort (w/ heated seats) of $26,689. Also, was made aware that $1,500 in trade assistance is available for trading in a Honda. Lease quote as follows: 36 months (12K/YR) $0 down ($550 due at signing) Pmts: $366 + Tax MF: 0.00115 Residual: 50% (MSRP $28,655) Does this look like a good deal? Milwaukee, WI
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Replying to: vw_shpr (Jan 14, 2008 9:25 pm) The money factor that you were quoted for this car is higher than VW Credit's February buy rate for it. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Passat 2.0T Sedan with 12,000 miles per year are .00023 and 50%, respectively. Make sure that the dealer you are working with uses this program to calculate your car's monthly payment. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hello Car_Man and All, I would greatly appreciate your opinion on the quote I received for leasing 2008 Passat 2.0T Lux, 36 months, 15k miles per year. The cash price is $500 below invoice minus $1,500 VW loyalty. According to invoice posted on Edmunds, this would make the final price $26,797. The payment quoted by the dealer is $390/month, $0 down, including 6.5% sales tax on the entire cost of the vehicle. My other question is whether 48-month lease would look more attractive, as I have no information on it. Chicago, IL. Thank you for your help!
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what are any current VW lease incentives? looking at an 08 Komfort wagon with an MSRP of $30.134, and trading a Nissan.
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Hi, I have the following offer: 2008 Komfort with heated seats and IPOD adaptor (that I don't really want) 36 months $392 with only $143 down (plates) 48 months $362 with only $143 down (plates) The money factor for 36 mos. is .00023=.6% and .00083=2% for 48 mos.. The residual for 36 mos. is 50% and 43% for 48 mos.. The Net Cap Cost is $28192. Keep in mind, I am using a $26,300 tax credit which equals an additional $1,775 in savings. This means you actually only pay $83.30 in taxes over the full term. The tax credit has thrown me for a loop… Am I getting a good deal here? Thanks! Chicago |
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I got a quote for the komfort package for 2000 down at 317 a month all included tax title reg, blah, blah. Now I got them down to 287.00 with 2000 down is this a good deal the MSRP was 25,867 she said 500 below dealer invoive with also 1750 incent and rebate. cant get VW loalty. with money factor is 0.00023 with 51% residual. I ddi all math and think it i my dad said dont do it because why can they drop the price so fast. I said it is end of month and they want the car off the lot. Please ANYONE let me know if that is a good deal. BTW the Residual at end is 13,200.
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