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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: 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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Replying to: jaxs1 (Apr 15, 2008 7:37 pm) Maybe you shouldn't be such a skeptic. Of course, you have to negotiate with the dealers (which I primarily did over the internet) but the deals are out there if you have the owner loyalty incentive. They may not be as good without it.
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Replying to: kmhawk (Apr 16, 2008 6:23 pm) For everyone else, not so great. The extra $1700-$3700 obviously will make a huge difference in the monthly payments on a 36 month lease for that group of people. For everyone else, it doesn't seem to be nearly as good as I thought it would be before I found those restrictions.
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Replying to: jaxs1 (Apr 16, 2008 6:38 pm) I took out the Passat Komfort 3 times now, and I really like it, everything I could want, but I found myself asking, do I really like it enough to give up my 06 Accord? I am still asking this myself. My mother mentioned she would pick my 06 Accord over the Passat, because she likes my seats much better, also, the dash in my Accord is much better, more upscale, and I have to agree a bit with that, Perhaps the interior doors could use a bit softening so they would not look as cold. They don't have the plush look to them. Plus, my mother mentioned that at the end of the day, my Accord will hold a bit more value, even older beater hondas are selling for $$$. With all of that said, the other half of me, is saying, get crazy and just do it!! It is a beautiful cobalt blue, and even on my test drive, people were asking me about it! It has everything I could want.... this is a hard decision, has anyone else had this problem...lol... I do lease my Accord, and have limited mileage left, plus the incentives will probably end this month, plus the blue color might be gone, I am just not sure I could drive away and see my Accord going off to auction. ... One thing about the Passat, its got some Bling, and it has a big Fun Factor to it!!lol Anyone got any advice, it would help me alot!!! All the things my mother mentioned were quite minimal about the car, but she said it was all up to me... Let me know!
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