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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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Replying to: bvdj84 (Apr 15, 2008 6:27 am) Also, even if that doesn't happen, the people who don't have a VW or one of the approved Asian brand cars in their household get no incentive on this lease. There is still a low MF, but with no trade, it doesn't look like a bargain anymore.
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Replying to: jaxs1 (Apr 15, 2008 12:50 pm)
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Replying to: kyfdx (Apr 15, 2008 1:02 pm) Your trade-in is worth more than you think. That's because right now Volkswagen is offering $1,500 off the purchase or lease of a 2007 or 2008 VW Passat or Passat Wagon* when you trade in your Toyota, Honda, Nissan, Mazda, or Hyundai. You get a a low lease payment at the expense of unknown dollars worth of losses from the value of your old car.
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Replying to: jaxs1 (Apr 15, 2008 6:34 pm) That's not saying that it will be wonderful.. But, usually, on models that need incentives, dealers want to move the metal.. Just like any other car deal.. you have to keep your eyes open.. 
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Replying to: kyfdx (Apr 15, 2008 7:07 pm) Even if the dealers put $0 in dealer participation towards the promotion, it is an excuse for them to give you less and say don't worry about it because you're getting the $1500 incentive from VW. You will never know if they gave you $500 or $1000 less than they should have for your trade-in. Trade-ins make for very messy deals with the dealers playing-games shuffling dollars around both sides of the transaction.
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Replying to: jaxs1 (Apr 15, 2008 7:19 pm) I rarely trade a car in.. But, the reality for most people, is they have to trade in their current car to do the deal.. VW has a pretty good lease program on the Passat, even without the trade-in thing.. I'm surprised, though... Most loyalty or conquest programs only require that you have the car registered in your name.. regards, kyfdx
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Replying to: kyfdx (Apr 15, 2008 7:22 pm) They may be unaware that they're are really making a "silent cap reduction" from an undervalued trade-in to get the cheap payments with this VW deal. Money sucked out of the trade-in or money spent by writing a cap reduction a check to the dealer is still the same net loss to you. I'd like to see if the deals are that great when no trade-in is involved.
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Replying to: jaxs1 (Apr 15, 2008 7:37 pm) I am in great shape, and my dealer has treated me very well, and I have been trying to decide the Passat going on 2 weeks and they have been very understanding, its a big deal, but I am not sure I can pass up the Passat for what it offers for a lease, and money required. The Accords are way toooo expensive for a lease!! It is frustrating, but there is nothing I can do, but seek other options that are more down to earth. After all the Accord will always be there! |
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Replying to: jaxs1 (Apr 15, 2008 7:37 pm) They may be unaware that they're are really making a "silent cap reduction" from an undervalued trade-in to get the cheap payments with this VW deal. Money sucked out of the trade-in or money spent by writing a cap reduction a check to the dealer is still the same net loss to you. I'd like to see if the deals are that great when no trade-in is involved. You know, it seems like you look with skepticism at everything. Dealers are out there to steal your trade, the trade is undervalued, money sucked out... If you find a reputable dealer, approach him with honesty, optimism and do your research - you will be very happy. I mean one will be very happy, I don't think you personally are capable of being happy. If you want to buy a Passat - dealer will be glad to sell you one. Trade-in assistance doesn't come from dealer's pocket, it's from VW credit, and if I can make a customer happy with another $1,700 - I will do that, I cannot hide that money anyway. Mico |
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I wanted to summarize what I have gathered in reading prior posts about the current lease program. Hopefully I will be corrected if I am wrong: -36 month/36K miles lease on the sedan has a 50% residual and a money factor of .00023 -I own a Passat so that gives an additional $2000 -There is $750 additional money that I should try to negotiate. Onto my outstanding questions. I have never done a sign-drive $0 down lease. In my prior lease experence with BMW I am used to paying an acquisition fee, a security deposit, and the first month's payment up front. I would like to compare a new 328i lease with the passat, but to get an apples to apples comparison, I need to know the following: -What is the vw acquisition fee? -Is there a security deposit required. If so, how is it calculated? -Do vw leases include gap insurance? -Is there a disposition fee at the end of the lease? Thanks for all of your help. |
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