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Volkswagen Passat Lease Questions

674 messages,  Last post on Jul 21, 2008 at 12:27 PM

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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#523 of 674
Re: This is MY lease for VW 2008 passat Komfort [reducedpayment] by kyfdx HOST
Mar 16, 2008 (7:08 am)
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Replying to: reducedpayment (Mar 15, 2008 9:41 pm)

A lot of dealers try to add in additional fees, after you've negotiated a price.. It's just a tactic to get you to pay more for the car..
 
The destination fee is part of the price of the car.. It's on the sticker, and on their invoice... Trying to add it after the price has been negotiated is no different than trying to add an extra $1000 for the sunroof (that's on the sticker and invoice, too, right?).
 
The only legitimate fees are:
 
acquisition fees on leases... these go to the bank.. they can be rolled into the lease payment, though..
 
Government fees: Title, license, tire tax, etc..
 
Most dealers also add some sort of document fee.. ostensibly for doing the paperwork (like they could sell cars without doing the paperwork?). These are mostly BS, also, but I don't squawk much if it's under $100, and nothing else weird is showing up. CA restricts doc fees to $55, Ohio $250, NY $45 (I think)... GA and FL are famous for the $399-$699 doc fee.. Not sure how that got started..
 
Manual tranny would be great... The only way for me to get one anymore, is to buy a car my wife wouldn't drive, anyway...
#524 of 674
Re: This is MY lease for VW 2008 passat Komfort [reducedpayment] by bjss
Mar 16, 2008 (8:08 am)
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Replying to: reducedpayment (Mar 15, 2008 8:58 pm)

Hi reduced payment...I'm going in this week to lease a Passat Komfort. Sounds like you got a great deal. A few questions - assume this is a sedan and not a wagon? Was Gap insurance included in price? What was the Cap cost? Money Factor used? Thx.
#525 of 674
Re: This is MY lease for VW 2008 passat Komfort [bjss] by reducedpayment
Mar 16, 2008 (12:56 pm)
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Replying to: bjss (Mar 16, 2008 8:08 am)

Hey there Bjss,
 
Thanks for your message.
 
I think i am getting a great deal because all other dealers would not include any amenities....
 
This is my first lease, so regarding the GAP insurance that is a great question and I will be sure to bring it up when i go to pick up the car.
 
As for the cap cost, i beleive it was around $23000, basically the selling was $28600 (approx) and then VW is having some great rebates, PLUS you negotiate.... I was taken into a private room to discuss the deal as they did not want anyone else to hear the offer i was getting....
 
As for the Money factor, what do you mean? Are you asking whether I would be putting any money down?
 
A few recommendations, sales people can and usually are scum, they will lie through their teeth if they have too, BUT you can do the same. The dealership where I am finally getting my car, the guy is very nice and I told him the other dealership started playing with numbers too much and I didnt like it, so i tried him and I told him the "price the other dealership gave me" which was the price i really wanted to pay, and he accepted and i requested he include the all weather mats and he said sure.
 
I cant wait to pick up the car, the turbo is awesome.
 
My price also did include an owner loyalty, my sister owns a 2003 passat and is registered at the same address as me, SO that offers an additional incentive.
 
Let me know what other questions you have, I would really love to help anyone out if possible. Also, if anyone lives in the NY area, i would not mind helping with the wheeling and dealing.
#526 of 674
Re: This is MY lease for VW 2008 passat Komfort [reducedpayment] by bjss
Mar 16, 2008 (4:01 pm)
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Replying to: reducedpayment (Mar 16, 2008 12:56 pm)

Glad to hear you got such a good deal....I'm planning on bringing the same numbers you got to my dealer tomorrow. I currently own another VW (2002 Passat Wagon), love it and would like a new sedan. Looks like owner loyalty rebate is ~2K - is this what you got? Also, I am new to leasing, but I believe the Money Factor is the interest rate you will be paying for the lease (usually described in numbers like .00031, then you have to multiply by 24 to get the 'true APR).
#527 of 674
Re: This is MY lease for VW 2008 passat Komfort [reducedpayment] by jay2001
Mar 16, 2008 (5:59 pm)
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Replying to: reducedpayment (Mar 16, 2008 12:56 pm)

reducedpayment
You said "...sales people can and usually are scum, they will lie through their teeth if they have too...".
That's an odd statement coming from someone who in the same sentence admits to cheating and lying to the "nice" salesman. You know what they say about people who live in glass houses, don't you?
Being in sales myself (not auto though) I must conclude that people who use "reducedpayment" as their forum handle are themselves, well, "scum".
#528 of 674
Re: This is MY lease for VW 2008 passat Komfort [jay2001] by reducedpayment
Mar 16, 2008 (6:41 pm)
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Replying to: jay2001 (Mar 16, 2008 5:59 pm)

Dear Jay,
 
Thanks for the compliment..... maybe i can be considered like robin hood? Why put the money in the pocket of the company that makes million, its better in mine, so if it is to my benefit, why not? The salesman can be nice, by being straight and up front, but he always has something in his sleeve, or at least i think with car buying this is the thought process a person needs to have..... otherwise a person is asking to get ripped off (even if it is for $5 a month)
 
Maybe i should rephrase my statement? But you can call me "scum" if you wish, however if i am getting what I am looking for and not getting jipped for it or at least getting the best bang for my buck, then i could care less what you call me....
 
Go ahead pay what you wish for the car, but the buying experience is a game, whether you wish to admit/realize it or not, you either play or get suckered, my question is which do you prefer? and then depending on your answer, my next question is "do you really think the sales person cares to give you the best deal possible? (not matter how nice and "genuine" they are)
 
My choice is to play the game and if i cannot win i dont buy.......
#529 of 674
Re: This is MY lease for VW 2008 passat Komfort [bjss] by reducedpayment
Mar 16, 2008 (7:00 pm)
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Replying to: bjss (Mar 16, 2008 4:01 pm)

Dear Bjss,
 
Thanks for the info on the money factor, i will definitely look into it and let you know....
 
The owner loyalty rebate is for 2K, this is one of the rebates i ended up with....
 
I would actually like to bring everyones attention to the April 2008 Consumer reports guide which talks about "2008 best and worst cars"... in the "Family category", which is where the Passat is classified, it is in the Least Reliable column, which kills me because it seems like a good car and many people i know with older models love the car.... The Prius, Sonata (4 cyl), Camry Hybrid , Dusion and Milan are considered to be most reliable in that category....
 
What do you think about this?
 
As for fuel economy, it does state the passat 2.0t as have a great MPG at 24 MPG average...
 
Also, the father of a 4 yr old and a new born due in 3 weeks, it crash test ratings to help me feel comfortable....
 
As always, different cards meet different life styles, always do your research and determine what is best for you...
#530 of 674
Re: 2008 Passat Lux Sedan Lease Question [jake555] by Car_man HOST
Mar 17, 2008 (3:37 am)
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Replying to: jake555 (Feb 05, 2008 11:00 pm)

Hi jake555. Volkswagen is currently providing $750 lease cash on the 2008 Passat 2.0T. So a selling price of $500 under invoice is really equivalent to $250 over, which is still a very attractive price. Also, in mid-February Volkswagen raised its owner loyalty cash on this car from $1,500 to $2,000. Keep this in mind if you have not finalized your deal yet. This looks like a pretty good deal to me, just make sure that the dealer that you are working with uses VW Credit's current buy rate lease money factor of .00023 to calculate your monthly payment and you're in business. Volkswagen's money factor for 48 month leases of this model is much worse than its 36 month factor.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#531 of 674
Re: current VW lease incentives [scottinky] by Car_man HOST
Mar 17, 2008 (3:46 am)
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Replying to: scottinky (Feb 12, 2008 12:19 pm)

Hi scottinky. Volkswagen is currently providing a $750 cash incentive on leases of 2008 Passat 2.0T models through VW Credit. In addition to this, it has a $2,000 cash incentive for just about everyone (loyal customers or current owners of other vehicles). Make sure that you take this $2,750 in cash incentives into account when you negotiate the selling price for the Passat that you are interested in.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#532 of 674
Re: 2008 Passat Residuals [6422130] by Car_man HOST
Mar 17, 2008 (3:55 am)
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Replying to: 6422130 (Mar 07, 2008 8:52 pm)

Hi 6422130. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 VW Passat 2.0T Sedan with 12,000 miles per year are .00023 and 50%, respectively. I don't think that Volkswagen is offering support on 39 month leases of this car, but I could be mistaken. When negotiating your lease on this car keep in mind that Volkswagen is currently providing a total of $2,750 in cash incentives on it. This cash will help you to negotiate an attractive capitalized cost for your lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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