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Sedans Volkswagen Passat Volkswagen Passat: Lease Questions
752 messages, Last post on Nov 30, 2009 at 5:44 PM
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Replying to: viberantmind (Sep 14, 2008 5:28 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Sep 18, 2008 2:53 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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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!
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Replying to: mycle (Sep 23, 2008 12:21 pm) 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 |
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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 |
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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!
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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
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Replying to: soupcon (Oct 05, 2008 11:21 pm) I don't believe that the $2,500 dealer cash that is available on this model is compatible with the special lease program, but there is a special $1,500 cash incentive that is. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: 09passat (Oct 06, 2008 10:46 am) In short, the best way to get a good deal on a lease is to shop around and negotiate as low a selling price as possible on the car that you want and then have the dealer that quotes you the best price calculate your monthly payment using its buy rate lease money factor. Check out the articles that I provided you with links to and let us know if you have any other questions. Good luck. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I am preparing to turn in a vw passat this December after a 3 year driver's option. I talked to a VW rep discussing the procedures on turning the car back in. They spoke of a $350 disposition fee that would be added to my final balance. I told them I didn't remember agreeing to the fee, but they explained that it was stated in section 2 of the contract. Well, I went home and reviewed my carbon copy version of the contract and noticed that the disposition fee line was left blank. It is signed by both the VW finance manager and me. Anyone have any ideas of what I might legally be responsible for? I would have no problem paying the $350 disposition fee if I had been told about it and actually signed a contract stating the $350 fee. I know I should have caught that it was blank at the time it was signed. Any help is appreciated!
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