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2013 and earlier Volkswagen Passat Prices Paid and Buying Experience

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Comments

  • vwguildvwguild Posts: 1,620
    There is no way to determine how prices paid for
    cars, all of them, are computed here in the various posts...What they include what they don't,
    etc.

    If you are comfortable, if this Passat is the one that you want, if you have been treated well...These are the important issues; not what some one else thinks or claims to have paid for a similar vehicle...
  • Does anyone know if VW dealers receive a holdback? The Interent sources, e.g., Edmund's, state a 2% holdback of base MSRP. But I have had others tell me that VW no longer provides dealer holdbacks.
  • I want to know what you guys think of this price that they give me in a local dealer on a 1.8T
    leather and luxury package, monsoon system and homelink. Car price is $24858 plus TT&L comes to a total of $26620. Does it looks like a good deal?
  • raybearraybear Posts: 1,776
    Looks good from here.
  • ghuletghulet Posts: 2,628
    A friend of mine just leased a new 02 wagon (I don't know if it's GLS or GLX, but fully loaded).

    Long and short, she's in a 48 month lease, ~$500 payment, with (here's the worst part) $5000 down!! Of course, she did not ask for any help from me or anyone else who could have advised her against this.

    She is, of course, having major buyer's remorse. I'm basically of the opinion that the purpose of a lease is to reduce down payment or monthly payment, neither of which seemed to occur in this case (dealer did classic: how much do you have down? How much do you want your payment to be? Viola, here's your $500 payment, and I'll gladly take your $5k).

    My question: since she just did this on the end of the day on Saturday, is there any way she can go back in on Monday morning and re-finance? In order to do this, will she lose anything (other than some face)?

    The customer in this case is a lawyer, believe it or not.
  • landru2landru2 Posts: 638
    As long as the paperwork can still be changed I don't see why the dealership would have a problem changing the downpayment. Your friend does realize that the payment will be around $625 with $0 down? Will she qualify for this payment and $0 down?

    Or are you suggesting she renegotiate her entire deal? That could get a little sticky, especially if she has already taken delivery.
  • ghuletghulet Posts: 2,628
    .......she wants zero down. I don't think she wants to renegotiate the entire deal, but hopefully she can just go in and change the lease to a buy. I'm getting this info second hand, so please forgive my lack of concrete knowledge of the specifics.

    I think she realizes that putting $5k down on a lease is, um, stupid. I guess she wants to keep the payment under $500, but of course in doing so would end up paying ~$33k for this car and have *NOTHING* to show for it in four years, which is insane. I mean, what will a loaded Passat wagon be worth in five years w/maybe 10k miles a year? Probably a lot more than $125 a month times 48.

    There must be a lot of people who do this (obsess over what the 'payment' will be, so they lease and lose thousands of dollars in the process to 'save' $100-150 a month they'd probably never miss otherwise). Naturally, rather than just look at a car she that would actually have $500 payments (like a less loaded Passat wagon), she gets the fully loaded model.

    I did tell my friend that the likely saviour here is time, since she just did the deal on Saturday, her check probably isn't cashed, and the papers probably aren't filed with the bank(s).
  • vwguildvwguild Posts: 1,620
    Did your friend even bother to read the lease
    agreement? Did she know how much the car that she
    wanted cost?

    48Months X $500 = $24,000 + $5000 Down = $29,000
    with a residual that has to be 47% or so, I do not
    keep the new rate sheets here at home.

    It is against the law to write a *non-disclosed*
    lease in California...Paperwork does not show Cap
    Cost...

    Are you sure this is 48Months???
  • ghuletghulet Posts: 2,628
    I haven't followed up with her today or seen any of the paperwork. I think, despite being a lawyer (so she should know her legalease), she was a bit too eager and didn't quite do her homework. This was her first new car purchase. I'm pretty sure her term is 48 months.

    She bought it at Autobarn, Evanston, IL. I think she was going back today to try to re-do the deal. She drove the car home on Saturday night and didn't use it all weekend, so hopefully she can work something out (like getting out of the lease and getting a loan).

    Maybe I'm 'missing something' as to why some people like leases so much, but I certainly don't see the point in spending ~$29k to borrow a Passat for four years. That car should still be worth like $15k in four years.
  • szimsszims Posts: 3
    VW guild - I see that a couple of months ago, you listed invoice as $27,854. I plan on buying soon and was wondering if I should take into consideration any depreciation as we get further into 2002? Right now, the best numbers I have are $28,454 plus tax and title. How does that sound?
  • jpvwaudijpvwaudi Posts: 139
    a 600 dollar profit on a 30000 car is a good deal. Stop worrying over pennies and make the deal.
  • vwguildvwguild Posts: 1,620
    The figure that arrive at with your Dealer when
    you are ready to drive it home is the important one...
  • dante7dante7 Posts: 1
    I've negotiated a 36 month lease with a 15K/YR allowance in Monmouth County, NJ on a 2002 Passat GLS Auto with LUX PK only for $300.00 over invoice.

    I am paying taxes, title, and all other fees up front, so the cap cost consists only of the price of the vehicle. The dealer's computer print out shows a cap cost of 23,776 which I believe is 302 too high. QUESTION 1 of 2: Am I correct?

    I calculate the cap cost to be 23,474 as follows: 20,863 (Base Model) + 1,369 (LUX) + 550 (Dest) + 25 Port Prep + 92 (Floorplan Int) + 275 (Regional Add Fee) + 300 (Negotiated Profit).

    Inmessage 1478 you offered to fax a copy of an invoice so that we couls see how these fees breakdown, please contact me by e-mail for my fax number.

    I am also being quoted a residual of 55% on an MSRP of 25,380 which is 455 higher than Edmunds' MSRP of 24,925. Question 2 of 2: Why the 455 discrepancy?

    Two weeks ago, I negotiated the same lease deal on a fully loaded 2002 loaded GLS 1.8 Auto and Port, Floorplan and Advert came to a total of 392. (25 + 92 + 275 = 392). How can the total of these charges now be 694? I believe the dealer is baking in extra profit.

    I'd truly appreciate your help. Thank you.
  • vwguildvwguild Posts: 1,620
    Email me with the info...your email is not in
    your profile...mine is...
  • ghuletghulet Posts: 2,628
    Apparently my friend returned to Autobarn on Monday morning to re-do the deal (she financed for 60 months) and all is well. I don't have details on the deal, but even if her APR isn't so great, she'll at least have a car that's paid for and can be used on trade in five years, as opposed to $29k spent and giving the car back in four.
  • vwguildvwguild Posts: 1,620
    Please email me with the details of this "resign"
    as you learn them...
  • ghuletghulet Posts: 2,628
    I was told this story by a friend, re a friend of his, who I don't talk to all that frequently. I'll try to get some details out of him.
  • mirthmirth Posts: 1,212
    Ok, I'm a bit obsessive. But I went through the last 1000 posts or so looking for actual selling prices for 2001.5 and 2002 GLS 1.8T's and put it all into a spreadsheet along with the options, etc. Here are some of the results:

    The average paid was $989 over invoice (note: used edmunds invoice which does not include port fees, etc. The $989, however, DOES include all the fees.) The prices ranged from $31 over invoice to $2075 over invoice. Cars with an auto tranny averaged $782 over invoice, while manuals averaged $1243 over. Maybe manuals are more scarce. 70% of the cars had the luxury package, 60% had monsoon, 45% had the leather, 45% were manuals, 25% had Homelink, and 15% had the cold package.

    Just a few stats to brighten your day. ;-)
  • vwguild,
    For starters, I want to thank you for the information you provide. I am getting close to finally purchasing a Passat - perhaps in February. Has VW extended the attractive financing terms? Thanks
  • vwguildvwguild Posts: 1,620
    Not yet...should come over later today...you will
    need to send me an email...
  • For what it's worth:

    I bought a Passat sedan 1.8 GLS automatic with a Monsoon sound system and homelink (cloth seats) for $500 over invoice on Jan 30. Invoice price included destination charge and the port fees and a $200 documentation fee. Total price was $22732

    ($22,032 invoice + $500 profit + $200 documentation fee).

    A very low pressure dealership so doing the deal was very pleasant. I did have a trade-in, which complicated the deal, yet the purchase price was not an issue, just the trade-in value.

    I would not recommend the Monsoon sound system for the money, yet I didn't have the option.
  • I ordered last week a 2002 1.8T GLS with lthr, lux pkg, Monsoon & Homelink. $300 over invoice.
    Total $24,003 on a list of $25,805. Doc fee of $279, tax, tags not included. The dealership here in NC had to order from factory. I'm told that VW has a new inventory program that allows the cars ordered to be tracked. Approx. wait is 2-3 mos.
    How long in your experience does it take after order? Thoughts on new tracking system?
    Thanks.
  • jpvwaudijpvwaudi Posts: 139
    The system you are referring to is called V.I.M., or Volkswagen Inventory Management. We have an Audi franchise and have been using the same system with Audi for about 6 months. It is a lot easier to track cars on this system. The average order to delivery time is roughly 7 weeks. However, Passats are scarce right now, so it could take longer. You're lucky to have bought the car at 300 over. With current inventory levels in my area, we're passing on anything below a 750.00 front end deal.
  • Just bought a 2002 Passat GLX, Reflex Silver, Gray Leather. Invoice was 27,737. I paid 28,200 plus tax, tags, & 179 doc fee.

    I do not know if this is a great deal but I do think it is pretty good deal for the car. I love it.

    Can anyone "in the know" give me their thoughts on this deal?

    Also, I financed it through VW credit 5.5% for 60 months.
  • Fradog69, I have all the details of Volkswagen's February special financing program for the 2002 Passat if you are interested. Please feel free to head on over to the Finance, Warranty, & Insurance Message Board (as you can tell by the name, that is a more appropriate board for this question :)) and ask me again. I will give you all of the details. See you there.

    Car_man
    Host
    Smart Shoppers / FWI Message Boards
  • Anyone getting good deals on the Passat in LA? If so, please let me know which dealer and the price.
  • Hi healthcorp. The following is in response to the e-mail that you recently sent me:

    "I don't know why it says that there is not any special financing available on the 2002 Volkswagen Passat this month on Edmunds, because there is. If you finance a 2002 Passat through Volkswagen Credit during the month of February, you can use special interest rates of 2.9% for 24 month, 4.5% for 36 month, 4.9% for 48 month, or 5.5% for 60 month terms. Unfortunately, I don't live anywhere near California and am not all that familiar with the dealerships in your area nor do I recall seeing any posts extolling the virtues of any dealerships there. I think that your best bet would be to pay a visit to the Sedans Message Board. There you will be able to interact with many other community members who either own or are shopping for the same car that you are interested in. Perhaps one of them will be able to steer you towards a good dealership in your area."

    Car_man
    Host
    Smart Shoppers / FWI Message Boards
  • Was just at my local VW dealer pricing a 2002 GLS Wagon,1.8T manual, luxury package, and after some negotiating, his best price was 23,200. Msrp for this car is 24,535 and Edmunds invoice is 22,330. The TMV is 22,764. there's no trade-in. The car will have to be ordered. At $870 over invoice, I'm wondering how good this deal is.Based on mirth's analysis(and thanks for that), it's pretty good especially for a manual, but recently I've seen a lot of deals for less. Incidentally, mirth, the dealer did say that the factory has greatly under-produced manuals which may account for their larger write-up and his inability to go lower. Does anyone--especially dealers--have any thoughts? Would it be worth it to check other, more distant dealers? Thanks.
  • mirthmirth Posts: 1,212
    You probably want to check other dealers first. What your dealer's offering is about average, but you might be able to do better. Also, check carsdirect.com to get an average price for your area. Again, you can do better than that price, too, but it'll give you an idea if your dealer's price is in the ballpark.
  • clpurnellclpurnell Posts: 1,087
    What is the cutoff ficos for teir 1 and 2 VW credit. I have a 665 score and was wondering where I would come in on their teirs.
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