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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

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


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#546 of 685
Re: Here is a lease I just got... [shtutman] by thailux
Mar 26, 2008 (7:54 pm)
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Replying to: shtutman (Mar 26, 2008 7:11 pm)

I am in the Albany area in upstate NY.
 
If you're not in the area, here's my advice - Just be stern, strong-willed and patient. They started me at 340 per month and taxes and fees down. They also said they had to charge extra because they didn't have my car on the lot. I told them I didn't want anything down, so they removed it. (They keep going back and forth to their manager - it's mostly for show! I used to never bargain like this for cars and probably got fleeced a few times, but this time I went in with a plan.)
 
They kept saying $340 was all they could do, so I pulled out my research. I had looked earlier in the day and found out that other dealers in the area had the Passat in the color I wanted - one dealer had 7! So, I basically said, "Tell me why I should pay you extra for the car, when I can go to the other dealers and buy it straight?" Immediately, they went down to $325. They kept trying to meet in the middle. This is where you have to be patient and willing to leave. I just kept waiting them out and saying that I didn't want to pay extra for the color, etc. etc. Eventually, after many trips, they pulled the "If I can get you this price will you sign tonight?" I said sure and the rest is history.
 
With your trade, you should get $2000 in incentives so you should do fine. I traded in a car, so that helped, but the $2000 is a great deal. My Father-in-law just did better than me a day later on Long Island. He got the same car, with the all-weather mats, for $309 nothing down or out of pocket. He was turning in a Jetta as well. The dealer took one payment and he had to pay the other. So, I think you're in good shape. Just be strong, persistent and willing to leave. Have another dealer as a backup plan.
 
Good Luck!
#547 of 685
Re: Here is a lease I just got... [thailux] by shtutman
Mar 27, 2008 (7:45 am)
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Replying to: thailux (Mar 26, 2008 7:54 pm)

Hi,
Tjank you for your reply.
If you can let me know which dealer on Long Island your Father in Law was dealing with?
#548 of 685
Re: Here is a lease I just got... [shtutman] by thailux
Mar 29, 2008 (5:55 pm)
Reply

Replying to: shtutman (Mar 27, 2008 7:45 am)

I'm so sorry to be so late in replying!
 
My father-in-law got his Passat at King's Volkswagen in Brooklyn. He said he didn't even have to bargain, the salesman just offered the $309 price.
 
Good Luck!
#549 of 685
Re: Here is a lease I just got... [thailux] by mnvw06
Mar 30, 2008 (5:26 am)
Reply

Replying to: thailux (Mar 29, 2008 5:55 pm)

Yesterday, I got 08 VW passat LUX for $345/pm 36 months lease with protection kit, $0 out of pocket and first two services free!!! This was after loyalty money.
#550 of 685
Re: Here is a lease I just got... [mnvw06] by bjss
Mar 30, 2008 (7:03 am)
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Replying to: mnvw06 (Mar 30, 2008 5:26 am)

Sounds like a great deal. What dealership did you use?
#551 of 685
Re: Here is a lease I just got... [bjss] by carrerah
Apr 02, 2008 (9:01 pm)
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Replying to: bjss (Mar 26, 2008 2:43 pm)

Hi, I'm thinking about leasing a Passat Wagon - the deals just seem to good to pass up right now! Quick question on your numbers. Wouldn't your payments actually be higher if the residual was based on MSRP vs a negotiated (lower) cap cost? Also, it's been awhile since I had a VW or financed through VCI. I was planning on going in and starting at below invoice and trying to get the buy rate money factor vs the advertised .00030. Any thoughts here are apprecited. In Norther California - plenty of cars on the lots...
#552 of 685
Re: Here is a lease I just got... [carrerah] by bjss
Apr 02, 2008 (11:43 pm)
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Replying to: carrerah (Apr 02, 2008 9:01 pm)

The deals do seem pretty good right now...and I don't think it's changing anytime soon. I'm not the leasing expert, but I beleive the residual value (in % terms) is based off of the MSRP. Your monthly payments would be based on the difference between your Cap cost (negioated rate) and Residual value (+Money Factor). Edmunds has a good leasing calculator..it's worth cehcking out. Now, if I could just get my VW salesperson to return my emails/calls.....
#553 of 685
Re: Here is a lease I just got... [thailux] by wagon2
Apr 03, 2008 (7:29 pm)
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Replying to: thailux (Mar 29, 2008 5:55 pm)

Deal thailux:
I am also in Albany area. Which dealer did you use? How do you negotiate the lease terms. The money factor is not advertized. They tell me that the 349 a month for a wagon advertized on the web is already discounted. What are the incentives that you list in your lease ? Thank y ou.
#554 of 685
Re: Here is a lease I just got... [wagon2] by thailux
Apr 07, 2008 (8:08 am)
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Replying to: wagon2 (Apr 03, 2008 7:29 pm)

I got the money factor from this forum - .00023, though I think it is different for the wagon. The incentives that I got were the 1500 for trading in a nissan. (Old Altima, high mileage.) They also told me that the advertised price for the Turbo with automatic trans was the best they could do, but, as you can see that's not so.
 
In addition there was a dealer incentive of $750 last month for leases of a Passat. I am not sure if that's still going on.
 
Finally, you just have to use the calculators online and make sure that the price they are selling the car for is a good one.
 
I leased my car at Cooley Volkswagen.
#555 of 685
Komfort lease offer by bvdj84
Apr 08, 2008 (7:15 am)
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Here is the deal I was just emailed.
 
 Now keep in mind that I am planning to lease a new 08 Accord!! I have
my heart set on a EX-L 4cyl, with Navi, BUT........
Requires $2k to be in the same payment range as the Passat!!
 
2008 VW Komfort Passat
MSRP: $29,000
Standard lease specs
$324 a month
 
$0 DOWN!!!
 
This means keeping my money in the bank, still drive a very nice car, a few more options than the accord... But I really love the new accord!! I totally have my heart set on it, but after all it is only a lease. But, this blows the Accord lease out the door!! What do you guys think I should do...
Also, I saw a $311 payment on this same model, can I get to that payment!?
 
What would you do? They are both great cars, but this is really interesting.

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