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Volkswagen Passat Lease Questions

1186 messages,  Last post on May 24, 2013 at 10:06 AM

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

Messages Page 85 of 119

#840 of 1186 Re: Lease on 2012 Passat SE TDI Manual [gelovani] by Car_man HOST

Sep 21, 2011 (4:58 pm)

Replying to: gelovani (Sep 09, 2011 5:37 pm)
Hi gelovani. Your credit is in good shape. You shouldn't have any trouble qualifying for VW Credit's top credit tier. The 60% residual value that you were quoted is right on the money for a 36 month, 10k lease of this car. The money factor is .00157.
 
Using this lease program and an MSRP of $26,765, in order to arrive at a zero down, pre-tax monthly payment of around $300 you would have to negotiate a dealer of around $2,200.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#841 of 1186 Re: 2012 VW Passat SE with Sunroof [jocabo33] by Car_man HOST

Sep 21, 2011 (5:03 pm)

Replying to: jocabo33 (Sep 19, 2011 6:35 pm)
Hi jocabo33. $6,750 is definitely way too much money to put down on a lease. When you make such a large down payment on a leased vehicle you risk losing part or all of the money that you put down if your vehicle is totaled in an accident or stolen and never recovered.
 
Even though it means that your monthly payment will be higher, it's much safer to go with a zero down lease. You can still trade your current vehicle in, just have the dealer cut you a check for any equity that you have in it instead of putting it down.
 
The easiest way for us to evaluate this deal is to look at this car's MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers it is much more difficult to tell how large a discount you are being given and how good a deal you're getting.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#842 of 1186 Re: 2012 VW Passat SE w/ sunroof [chrisch70] by Car_man HOST

Sep 21, 2011 (5:06 pm)

Replying to: chrisch70 (Sep 20, 2011 7:38 am)
Hi Christian. Unfortunately, Volkswagen does not provide that information directly to the general public.
 
Having said that, I can help you out. Volkswagen Credit's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Passat SE with sunroof with 15,000 miles per year are .00047 and 54%, respectively for consumers who qualify for its top credit tier.
 
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of this model.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#843 of 1186 Re: 2012 VW Passat SE with Sunroof [Car_man] by jocabo33

Sep 22, 2011 (6:27 am)

Replying to: Car_man (Sep 21, 2011 5:03 pm)
Actually the trade is $6000. the msrp is $27,800. the selling price is $26,600.

#844 of 1186 Lease offered by gprett

Sep 27, 2011 (5:04 pm)

Hello,
 
I just received a lease offer through emails back and forth with local dealerships. For the 2012 Passat SE, 3yrs and 12 k per year, the offer is $315 per month with 1st months payment down. Good deal or can I go for more?

#845 of 1186 Re: Lease offered [gprett] by jocabo33

Sep 27, 2011 (6:00 pm)

Replying to: gprett (Sep 27, 2011 5:04 pm)
to: gprett what is the selling price on your vehicle?

#846 of 1186 Re: 2012 VW Passat SE with Sunroof [jocabo33] by Car_man HOST

Sep 28, 2011 (5:07 pm)

Replying to: jocabo33 (Sep 22, 2011 6:27 am)
Hi jocabo33. This car probably has a spread of a little over $1,000 between its full MSRP and its dealer invoice price. Add to that the $1,000 cash incentive that is currently available on leases of it and you have a total of around $2,000 to play with in your negotiations.
 
The $1,200 discount that you were quoted probably puts you at around $800 or perhaps a little more over invoice. That's not bad, but if you are in an area that has a decent level of competition I wouldn't be surprised if you were able to to beat this price by a couple hundred dollars.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#847 of 1186 Re: Lease offered [jocabo33] by gprett

Sep 28, 2011 (5:52 pm)

Replying to: jocabo33 (Sep 27, 2011 6:00 pm)
They are telling me that the selling price is $23,800 but that doesn't make sense. Based on that selling price and considering the MF and residual the monthly payment should be $286. Am I wrong on this?

#848 of 1186 2012 Passat SE by njdevil3

Sep 29, 2011 (9:37 am)

just wondering if this seems like a decent deal
SE, sunroof
lease 12,000 3yrs $349/mth
includes taxes
$1468 up front- 1st mth, docs, bankers fee?
MSRP $26630
selling $25030

#849 of 1186 Re: Lease offered [jocabo33] by gprett

Sep 29, 2011 (3:28 pm)

Replying to: jocabo33 (Sep 27, 2011 6:00 pm)
Jocabo: the selling price I was quoted for the SE w/o sunroof was $23,483.61. The dealership sent me a lease information sheet which quoted the following.
 
MSRP: $25595
Selling price:23,483.61
Price adjustment: $555.97 (I have no idea what this is??)
Assignment fee: $625
Nj taxes: $743.83
 
Total cap cost: $25,408.41
Less $1000 dealer incentive
 
Final cap cost: 24,408.41
 
$315/ month with 1st month down
How does that sound??

Messages Page 85 of 119

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