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You are in the Prices Paid - Buying & Leasing Experiences
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Volkswagen Passat, Car Leasing, Sedan, Wagon
#584 of 1199 Buy now or later?
Apr 18, 2008 (2:54 pm)
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?
#585 of 1199 Re: April Lease Questions [selm]
Apr 19, 2008 (9:41 am)
You asked the following questions (answers are bolded)...
-What is the vw acquisition fee? $575
-Is there a security deposit required. If so, how is it calculated? none required
-Do vw leases include gap insurance? YES
-Is there a disposition fee at the end of the lease? YES, $350
I recently structured an "almost" sign and drive Touareg 2 lease for someone in NY. See my post #279...
Touareg Lease Deal by delta 737h
PS: ANYONE needing assitance with lease calculations, sign and drive leases, etc, please let me know. I'm always glad to provide assistance. You'll need to provide some specifics including your state.
#586 of 1199 Re: April Lease Questions [delta737h]
Apr 20, 2008 (5:39 pm)
Getting ready to pull the trigger on a new 2008 Passat Lux. I was offered $369/mo + tax for a 36 month, Comes out to $391/mo with tax.
12,000 mile lease
Sign and Drive program, nothing down, no VW Loyalty incentive, no trade in.
Sound like a good deal? How much more should it cost me to go to 15,000 miles on the same lease?
#587 of 1199 New TSI engine
Apr 20, 2008 (6:01 pm)
Has anyone heard about or knows anything about the new 2.0T TSI engine showing up in the latest Passats? What I know is that it replaces the BPY engine that has been the Passat for the last few years. It is completely different. It has been showing up in Passats delivered to dealers in the last couple weeks. Is supposed to be basically the same engine coming in the new 2009 Audi A4. The Audi A4 will have 211 hp. Not sure what the situation will be with this new engine. Is it a better engine? Better performance? Hard to find information about it on the web. Here is a photo of what it looks like in a GTI engine compartment. Notice the different engine cover from the "older" 2.0T BPY engine.
#589 of 1199 Need Help with a Lease
Apr 22, 2008 (3:00 pm)
So I just got back from Baysde VW in Queens, NY. I currently lease a 2007 Nissan Maxima and the salesperson quickly went into telling me that he could give me a great deal on an 08 Passat. He told me about the $1500 incentive to terminate my Nissan lease. I told him that I wanted the 2008 Passat Lux with no money down and $0 out of pocket. The best he said he could do was for me to pay for registration/plates (which he approximated at aroud $250) and my payment would be around $427 for 36 months, 10k miles....
Seeing all the low monthly payments with no money down on this forum, it was hard for me to believe that this was the best he could do. I'm ready to get the Passat right now and turn in my Maxima, but he said that this was the best deal he could give me right now.
Can anyone tell me if I should be getting a better deal then this?? I'd like to pay absolutely nothing out of pocket (but I'll pay for the registration), but want everything else rolled into the payments, ie. taxes, title, etc and keep my monthly payment in the mid to high 300's for a Lux. Is this impossible????
#590 of 1199 Re: Need Help with a Lease [simbany1]
Apr 22, 2008 (8:05 pm)
Yes!! Totally Possible!! As long as you don't have any negative equity from the old lease, you'll be good to go!! I am thinking you could possibly be in the mid $300's with taxes included. The Komfort is only a bit lower in price to the Lux, so there not too much difference, I was offered $318 with the Komfort, but I had some negative equity, so my payment is $348, which is not too bad.
This is possible! You totally need to call around though, get quotes via email, because even my dealer, though nice, I have caught them in a few lies, but I understand they are running a business, but finding better quotes and letting them know that you are willing to get the best deal and not dumb.
Good Luck, and just be informed and ready.
Why are you trading your Maxima so early?
#591 of 1199 Cold Komfort
Apr 22, 2008 (11:47 pm)
I am new to the leasing game, but have been reading the posts in this forum with interest. When people give their lease payments, does this normally include taxes? In other words, when someone says they got a deal on a Passat Komfort for $311 a month with nothing down, is the $311 before taxes?
I was offered this deal tonight: $285.73 mo. (plus 23.72 tax = $309.45 mo.) for a Komfort with Ipod and mats. 36 months, 12K miles, money factor of .00023, and residual of 50%. The MSRP on this car is $28,814. Down payment of $877.62 to cover title, license and documentation.
I was also shopping a Turbo, and on that was offered $268.25 mo. (plus 23.72 tax = $290.51 mo.) on that car. Same terms, MSRP is $26,014. Down payment of $830.59.
I'd appreciate hearing from some of you if this a good deal right now.
#592 of 1199 Re: April Lease Questions [delta737h]
Apr 23, 2008 (6:04 am)
Am just about to finish a deal on a Passat Komfort and have been told that the Ownership Loyalty Program is NOT APPLICABLE on this model???
(I have been in a Jetta lease for the last 3 years and am turning it in for the Passat).
YOur input here or is he full of hot air???
#593 of 1199 VW Passat Turbo A w/ heated front seats 2 yr lease
Apr 23, 2008 (6:21 am)
Sale Price he's offering:$23940
For a VW Passat Turbo with heated front seats on a 2 yr lease (57% residual after and a money factor of 0.00033. The lease is the 12k miles/year lease and i will pay $940 down in title, tax and doc fees. I got this quote from the Southern States VW dealer in Durham. I tried using your lease payment calculator (in edmunds.com) and for the numbers he gave (and with tax at 7% i come up with MUCH HIGHER MONTHLY PAYMENTS ($591 including tax) compared to his $380 a month. Not sure how he's able to give me a $380 a month deal..
- Confused (first time Passat buyer).