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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 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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Replying to: bvdj84 (Apr 18, 2008 7:09 am) So while I have no advice, I just wanted you to know that you are not alone. |
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I am considering a 2008 Passat Komfort with Ipod adaptor. From what I am reading on the posts, some are getting payments of about $311 - $329 per mo with 12,000 miles, 36 months. 50% resale after. And this is after you negotiated your best deal. The lease posted on VW website for a base Passat is $329.mo and my local dealer told me it's higher at $369 for the Komfort. But I guess some of you are getting $2,000 VW Loyalty incentive or $1,500 Conquest incentive for trading in a Honda, Toyota, Nissan, Hyundai etc. bringing your lease payment down to approximantely $320/mo. including tax, tag and title. My questions are as follows: Have any of you gotten a $320/mo price on a Komfort without getting one of these incentives? Is the Sign and Drive event an incredibly low price that can't be passed up? (e.g. what would be the "normal" lease deal I could get on a Komfort Passat?) VW is now shipping their cars with the new 2.0T CCTA engine with 211 hp and more torque. This is a completely new engine and replaces the existing 200 hp BPY engine. Advantage is more torque, maybe slightly better gas mileage, timing chain instead of timing belt. and better acceleration. VW is putting this engine in all of their 4 cyl. application including the new 2009 Audi A4 2.0T. So now that the new engines are arriving, perhaps the main reason that VW has had this Sign and Drive Event was to clear out their inventory with the older BPY engine. I am concerned about this but now way to know. Interesting thing is that you can pick up a Passat with one of the new engines and still use the existing Sign and Drive incentives. It's a thought. I wonder if there will be reliability issues with the new engine while they get the bugs out in the first year or will it just be all that from the beginning?? Basically, I am wondering if I should take the leap to buy the Passat now or wait until 2009 models come out so that I can get Bluetooth and touch button NAV along with the new CCTA engine. That's why the price is important. Basically, do you guys think that VW will go back to a higher lease payment once they have cleared out their inventories? Or can I expect that VW will still have decent lease deals in a few months or in the fall when the 2009's come out? |
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