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Prices Paid: Buying & Leasing Experiences Volkswagen Passat Lease Questions
752 messages, Last post on Nov 30, 2009 at 5:44 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: tntmyth (Apr 20, 2008 4:39 pm) Is it in the NYC area? thanks in advance, |
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Replying to: simbany1 (Apr 22, 2008 2:00 pm) fyi, I went there today and they offered me the following: Passat Lux 08 0 down 391 a month tax included 15,000 miles. 36 months. supposely, this deal includes the 2,500 incentive since I already have a 04 passat lease. I will continue shopping around, hope this help. Sucks! |
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Replying to: kmhawk (Apr 16, 2008 5:23 pm) Can you share the dealer you went to? is it in the NYC area? |
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Replying to: lepia (Apr 24, 2008 7:47 pm) You need to include the price and or options to get a better idea. Here is an example, based on my experiences above on what they are willing to do. Passat Sedan Lux with Mats and Ipod MSRP:$31,268 Invoice:$29,203 I got $611 below invoice, not including incentives. So I would shoot for a selling price of $29,203 - $1k lease cash, -$2k loyalty - $611 dealer lowering the price = $25,592. I entered that into LeaseCalculator.mobi (made for cell phones, but works in any browser), and got this: MSRP: 31268 Cap Cost: 26167 (includes $575 acquisition fee) Residual : 48% Money Factor: .0003 Effective APR: 0.72% Term: 36 Residual: 15008.64 Depreciation: 11158.36 Monthly Depreciation: 309.95 Monthly Finance Fee: 12.35 Total Monthly Payment: 322.31 That does not include plates or dealer doc fees. You should be able to negotiate out the doc fees, or have them include that in the selling price. If you know what plates and registration cost, you can add that into the fee field of the lease calculator, or you can pay it out of pocket. If you can access the internet on your phone, that calculator comes in VERY handy at the dealer when they are trying to pull fast ones. Good luck.
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I leased the following deal tonight from Volkswagen North Scottsdale. Thanks to all those who offered advice. The Mocha Brown ext./Beige int. Passat Komfort came with factory-installed Ipod, Mats and Rear Spoiler, plus they gave me the wear and tear protection package at no cost (this was a negotiated item -- usually retails for around $700). They paid the first month of the lease, leaving me with 35 payments. MSRP: 29,453 Customer Cash: 856.72 Residual %: 50% Money Factor: .00023 Term: 36 months Mileage: 12,000 Residual Amount: 14,726.50 Base Monthly Payment: 278.86 Monthly Tax: 23.15 Total Monthly Payment: 302.01 I was eligible for Owner Loyalty. I was extremely pleased with the service at Volkswagen North Scottsdale. Also very happy with this deal. AZGuy |
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Replying to: lepia (Apr 24, 2008 7:47 pm) Some states have to pay tax on the ENTIRE sales price, others pay just on the monthly payment. 3% on the payments vs 7% of the entire purchase price makes a huge difference. People are pulling their hair out over 20-40 bucks a month and wondering why. Payments will vary some. And not everybody gets owner loyalty money. When people are pinching pennys on 300.mo low end lease paymets, $1500 loyal money is 40 bucks a month differnt. With sales tax and loyalty money, 2 people could buy the same car and get the same deal price wise and be 50-70/mo apart in payments.
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Replying to: rjlaero (Apr 25, 2008 7:54 am) thanks for the info. Q. Do you know if for NY state the tax is based on the monthly payment? I never paid tax on the entire purchase price for any of my previous leases. If you previously leased a Passat, the incentive should be $2,000.00, correct? then you payments should be $55.00 bucks different. is that correct? Thanks in advance,
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Replying to: bluebird23 (Apr 24, 2008 9:27 pm) My car is paid off with only 59,000 miles on odometer but gets only about 13 city/17 highway. I drive about 1,000 miles per month. So I am enjoying my time with no car payment but with gas prices going up, I would be saving half my new lease payment just in gas. My extended warranty ends this summer. Tough decision. |
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Replying to: lepia (Apr 25, 2008 9:51 am) I'm not sure what the current loyalty is for April.
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Replying to: rjlaero (Apr 26, 2008 5:57 am) I think you are correct about VA, as well... You pay on the entire purchase price.. Of course, their tax rate is around 3%, so not as bad as it sounds.. regards, kyfdx |
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