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Volkswagen Passat Lease Questions

1191 messages,  Last post on May 25, 2013 at 8:56 AM

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What is this discussion about? Volkswagen Passat, Car Leasing, Sedan, Wagon

Messages Page 70 of 120

#689 of 1191 Re: 2009 Passat Lease [kris113] by Car_man HOST

Sep 18, 2008 (2:48 am)

Replying to: kris113 (Aug 26, 2008 9:59 am)
Hi kris113. You're in much better shape this time around now that you know that the selling prices of leased vehicles are negotiable. Shop around with a couple of Volkswagen dealers and try to get a selling price that is as close to dealer invoice as possible on the Passat that you want. You can look up the exact invoice price of the car that you are interested in by visiting the New Vehicle Pricing section of Edmunds.com. Also, make sure to stop by the "Volkswagen Passat Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.
 
When negotiating your car's selling price, keep in mind that Volkswagen is providing a $500 cash incentive on leases of this car right now.
 
Once you know the MSRP and selling price of the exact car that you want, stop back and post them here. I am sure that either myself or another helpful community member will be happy to use them to work up a sample lease payment for you.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#690 of 1191 Re: 2008 Passat Lease [nudnk] by Car_man HOST

Sep 18, 2008 (2:59 am)

Replying to: nudnk (Aug 29, 2008 3:20 am)
Hi nudnk. The money factor and residual value that you were quoted on this car looks to be in line with VW Credit's current program for it. Volkswagen's lease program for the '08 Passat is not great right now. VW's program on the 2009 Passat is a little better.
 
The lease program that the dealer is using is OK, but you never mentioned this car's selling price. This is a very important number to find out. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this car's selling price is, it's difficult to tell how good your deal is. Find out this number and share it with us here. I am sure that either myself or another community member will be happy to give you their opinion on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#691 of 1191 Re: 2008 Passat Komfort Lease [gadom] by Car_man HOST

Sep 18, 2008 (3:09 am)

Replying to: gadom (Sep 01, 2008 3:32 pm)
Congratulations on getting your new Passat, gadom. Thanks for taking he time to share the details of your lease with everyone. Don't forget to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent pleasant dealer experience. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#692 of 1191 Re: September Rates [viberantmind] by Car_man HOST

Sep 18, 2008 (3:53 am)

Replying to: viberantmind (Sep 14, 2008 6:28 pm)
Welcome viberantmind. I would be happy to help you out. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Passat Komfort 2.0T Sedan with 12,000 miles per year are .00205 and 47%, respectively. When negotiating your lease on this car, make sure to take the $1,500 cash incentive that VW is providing on leases of it through VW Credit into account. This cash will help you to negotiate a selling price that is well below dealer invoice.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#693 of 1191 Re: September Rates [Car_man] by Car_man HOST

Sep 18, 2008 (3:56 am)

Replying to: Car_man (Sep 18, 2008 3:53 am)
Ahhh, I see that you are actually interested in a lease with 15,000 miles per year. In that case, the residual value for the car that you are interested in is 2% lower than the one that I mentioned above.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#694 of 1191 Lease Deal for a 2009 Passat by mycle

Sep 23, 2008 (1:21 pm)

Car_Man,
 
I have an offer for a 36 mo., 36,000 mi. lease on a 2009 Passat and I'm not sure if it's a good deal. Here are the terms:
 
MSRP: $28,990
Sale Price: $26,500
Acquisition Fee: $575
"Service Fee": $175
Cap Cost Reduction: $1,500
Final Cap Cost: $25,750
Residual Value: $15,365 (53%)
Money Factor: .00060
Monthly Payment: $313.14 plus $17.22 tax (5.5%) = $330.36
Total due at signing is $1,675.50 which consists of $1,500 cap cost reduction, $93 for title and registration, and $82.50 tax on cap cost reduction. They are waiving the security deposit, and, due to an error in a newspaper ad that left out the 1st month's payment, are waiving that as well. Seems like a good deal to me, but would like some input asap. Thanks!! These forums are fantastic!

#695 of 1191 Re: Lease Deal for a 2009 Passat [mycle] by Car_man HOST

Sep 30, 2008 (6:18 pm)

Replying to: mycle (Sep 23, 2008 1:21 pm)
Hi mycle. A base 2009 Volkswagen Passat Sedan has a spread of a little under $1,900 between its full MSRP and its dealer invoice price. Add to that the $500 cash incentive on leases of this model through VW Credit and there's a total of around $2,400 to play with. The discount that you were quoted looks good to me.
 
However, VW Credit's September buy rate lease money factor for a 36 month lease of a 2009 Passat Sedan is only .00033. That's lower than the .00060 factor that you were quoted. Make sure that the dealer that you are working with uses the buy rate to calculate your payment and you're in business.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#696 of 1191 2008 with 2800 miles by scottinky

Oct 02, 2008 (6:33 pm)

a local dealer near me has a 2008 with 2800 loaner miles on it, their numbers are
ridiculous. 499 a moth for 36mos, price of like 28K and change. they can do
WAY better. what is the october money factor? residual was like 47%, which is horrible. this car should be around 24k

#697 of 1191 october rates for passat by soupcon

Oct 06, 2008 (12:21 am)

a little shocked by scottinky's report of a residual = 47%. i'm curious, too, what the money factor is. also, edmunds reports $2500 dealer cash. can that be used in conjunction with whatever the prevailing lease #'s are (and/or for buys at 0%?)
 
$499 is kinda bad. would go get myself a 328i for less!

#698 of 1191 Leasing a 2009 passat by 09passat

Oct 06, 2008 (11:46 am)

Hi, guys and girls
 
I will be leasing my first car and I want it to be a 2009 passat and I have no experience with leasing. I went to a dealership to test drive one and we talked about ball park numbers and he told me to give him 1,500 down and he should be able to keep payments under 400(380 a month). But looking at the info here it looks like he wanted to take me for a ride. I was quoted for a 2008 base komfort.....so am looking for advice how should I negotiated to get a better deal and to get a deal under 350.00 a month with taxes if we pay them in florida. Sorry for not being more experienced in car buying but am only 25.
 
Also am thinking about a 2009 since it includes maintenance but i think i can get a better deal with the 2008. How much maintenance does this car need in 3 years.
 
Thanks in advance for the help and if you recommend an dealership I should visit in the miami area
 
Luis

Messages Page 70 of 120

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