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2014 Volkswagen Passat Lease Questions

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  • newcar3178newcar3178 Posts: 8

    sorry to clarify, this is for the 1.8 SE with sunroof and nav. Thanks!

  • MichaellMichaell ColoradoPosts: 6,410

    @philnyc1 said: Hi - I am looking to lease a 14 passat v6 SEL Premium. They are giving me a monthly payment of 389 based off a 30k selling price, .00018 Mf, and 47% residual. This is a 12k miles lease for 36 months, upfront payment of 2000 for TTL, doc fees, acq fees.
    Is this good?

    What is the MSRP?

    MF and residual match my numbers, so the dealer isn't marking up the MF on you, which is good.

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  • philnyc1philnyc1 Posts: 7

    MSRP is 34265 - thanks again for the help Michaell!

  • MichaellMichaell ColoradoPosts: 6,410

    @newcar3178 said: Looking for MF and residuals for a 2014 passat SE with sunroof and navi 36 mth / 10k and 39 mth / 10k miles, respectively. Also, looks like the incentive this month for this car is $3000 - is that correct? Thanks so much!

    .00005 and 50% for 36/10. Yes $3000 lease cash this month.

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  • newcar3178newcar3178 Posts: 8
    Thanks Michaell.
  • philnyc1philnyc1 Posts: 7

    Alright - here's how I ended up with my Passat V6 SEL Premium:

    365/month, 36 months, 12k/year using MF of .00018, residual of 47% and 2k upfront (tax, title, registration, dmv, Acq and doc fees, and first month). Ended up getting 4500 off MSRP off the bat with current offers and then talked down a couple more $$. Bay Ridge volkswagen in Ny. Talked to Alex and Frank, no bs to the chase.

  • MichaellMichaell ColoradoPosts: 6,410

    @philnyc1 said: Alright - here's how I ended up with my Passat V6 SEL Premium:

    365/month, 36 months, 12k/year using MF of .00018, residual of 47% and 2k upfront (tax, title, registration, dmv, Acq and doc fees, and first month). Ended up getting 4500 off MSRP off the bat with current offers and then talked down a couple more $$. Bay Ridge volkswagen in Ny. Talked to Alex and Frank, no bs to the chase.

    Congratulations! Enjoy your new Passat!

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  • ajames8774ajames8774 Posts: 9

    Could I have the current residual and MF for a 2014 - 1.8 L - SE - Just a straight SE, no sunroof no nav. Dealer is quoting me 49% for residual and I thought it should be 52%. Please confirm. Thanks.

  • MichaellMichaell ColoradoPosts: 6,410

    @ajames8774 said: Could I have the current residual and MF for a 2014 - 1.8 L - SE - Just a straight SE, no sunroof - no nav. Dealer is quoting me 49% for residual and I thought it should be 52%. Please confirm. Thanks.

    Base MF for the Passat 1.8T SE is .00005 and the 36/15 residual is 47%. If you are looking for a 36/12 lease, then 49% would be the correct residual.

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  • ajames8774ajames8774 Posts: 9
    Thanks very much Michaell. Could I also have the current MF and Residual for the 1.8T Auto Sport PZEV. Thanks again.
  • ajames8774ajames8774 Posts: 9
    36/12 by the way.
  • kyfdxkyfdx Posts: 29,850

    @ajames8774 said: Thanks very much Michaell. Could I also have the current MF and Residual for the 1.8T Auto Sport PZEV. Thanks again.

    .00005 MF and 49% residual for 36mo, 12K/yr. $3000 lease cash.

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  • ajames8774ajames8774 Posts: 9

    Thanks again kyfdx. I just realized there are a couple of features I'm interested in the 1.8 T SE w/Sunroof. Is that also .00005 MF and 49% residual for 36/12k? With the $3,000 lease cash?

  • kyfdxkyfdx Posts: 29,850

    @ajames8774 said: Thanks again kyfdx. I just realized there are a couple of features I'm interested in the 1.8 T SE w/Sunroof. Is that also .00005 MF and 49% residual for 36/12k? With the $3,000 lease cash?

    Same numbers for the 1.8T SE

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  • bvdj84bvdj84 Posts: 1,721

    Passat is offering more lease cash than the Jetta! I need more cash on that car! They differences in leases are wide.

  • MichaellMichaell ColoradoPosts: 6,410

    @bvdj84 said: Passat is offering more lease cash than the Jetta! I need more cash on that car! They differences in leases are wide.

    VW needs to move more Passats; hence, the larger lease cash amount.

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  • pavlonpavlon Posts: 8

    Just got myself a new 2014 Passat S TSI. Manual Transmission. 24 month lease, 10,000 miles for year. 0 drive off (includes 1st month payment and registration - they used $500 cash incentive) remaining 23 months at $229 per month, including taxes. I'm in the Bay Area. What do you think, guys?

  • errepeceerrepece Posts: 3

    @kyfdx said: There is either $3250 or $3000 of lease cash on this model, depending on whether it's a 2.5L or 1.8T model. So, your selling price should be lower by at least another $1000 more than that..

    Hello again! Thanks for your input. Sorry I disappeared for a while... I had a kid in-between! Went back to the dealership and they offered $309 a month for a 2014 Passat 1.8T SE with Sunroof, $0 down, 36 months, and 12,000 miles per year. They also offered $302 for all the same except 10,000 miles per year.

    MSRP is still $27,785. They are using a 0.00005 money factor and a 49% residual (51% for the 10k/yr). They seem to be applying the $3,000 lease cash you mentioned, as well as the new $500 Memorial Day bonus, but not as much selling price reduction as you suggested. There is a $688 destination fee but no sales tax (live free or die). All in all, do you think these are good deals? Is there room to lower the monthly installments? What should be my final offer for them?

    Again, thank you very much for your help, you have already saved me a lot of money!

  • kyfdxkyfdx Posts: 29,850

    @pavlon said: Just got myself a new 2014 Passat S TSI. Manual Transmission. 24 month lease, 10,000 miles for year. 0 drive off (includes 1st month payment and registration - they used $500 cash incentive) remaining 23 months at $229 per month, including taxes. I'm in the Bay Area. What do you think, guys?

    That's cheap!

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  • ajames8774ajames8774 Posts: 9

    Looking for some advice. I have two offers on the table from two different dealers for a 1.8 T SE w/Sunroof. 36 mo 12k mi.

    Dealer 1 - No money down except 1st payment $280 mo. They will pay my last month payment on my expiring lease (different make) but I have to turn it in and risk any excessive wear and tear, I think I'm in pretty good shape but have never turned in a lease and walked away before and not stayed with brand.

    Purchase price is between 22 and 22.5k money factor is .00005 and residual is 49%

    Dealer 2 - will take my expiring lease as is, no questions asked, basically buy me out. In exchange for that they are offering 1st month payment down at $280 but only offering a 48 month lease. I did not get to see all the numbers on that offer.

    I have a few questions. What is the money factor and residual on a 48 mo 12k mi lease and is the difference in the two offers above substantial? And should I be overly concerned about the wear and tear fees I may face when turning in my expiring lease? Lastly, what do you think the chances are that VW extends the $3000 lease cash into June? Thanks.

  • kyfdxkyfdx Posts: 29,850

    .00067 MF and 42% residual for 48mo, 12K/yr.

    It's hard to compare offers, when the terms are different... I can't tell you whether to be concerned about wear and tear, because I don't know how well you take care of your cars.. It's always a worry, but I've turned in quite a few leases, and never had a negative surprise (yet).

    I wouldn't want a 48 month lease, though... too many changes can happen in that length of time, that might change your driving needs. Also, much more likely that you'd have to replace tires and other wear items in that 4th year..

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  • frank_pro7frank_pro7 Posts: 4

    I'm looking into leasing for the first time so learning at the same time. 2014 Passat Wolfsburg edition. Does anyone know the residual value and the money factor? Is it worth leasing 2014 right now or should I wait for 2015 to come out?

  • kyfdxkyfdx Posts: 29,850

    @frank_pro7 said: I'm looking into leasing for the first time so learning at the same time. 2014 Passat Wolfsburg edition. Does anyone know the residual value and the money factor? Is it worth leasing 2014 right now or should I wait for 2015 to come out?

    Is that the 2.5L or 1.8T engine?

    The 2014 will definitely be a cheaper lease..

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  • frank_pro7frank_pro7 Posts: 4

    Do you know the residual value for 36mo, 12K lease for Wolfsburg Edition?

  • kyfdxkyfdx Posts: 29,850

    @frank_pro7 said: Do you know the residual value for 36mo, 12K lease for Wolfsburg Edition?

    I do... which engine?

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  • kyfdxkyfdx Posts: 29,850

    @frank_pro7 said: 1.8T

    .00024 MF and 50% residual. $2750 lease cash.

    I saw a 1.8T Sport model at the VW dealer, today....really nice.. $28K sticker.
    .00005 MF and 49% residual for that model. $3000 lease cash.

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  • evil0neevil0ne Posts: 3

    I'm looking at a 2014 TDI SEL. Anyone have the residual and MF?

  • MichaellMichaell ColoradoPosts: 6,410

    @evil0ne said: I'm looking at a 2014 TDI SEL. Anyone have the residual and MF?

    Lease term? Miles per year?

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  • raj2014raj2014 Posts: 19
    edited June 8

    Hello,

    I am looking for RV/MF on following cars on 27/36 months. I was told that they do not offer 7.5K miles, if so, on 10K miles. Also, what kind of incentives I can expect from them.

    Cars
    2014 Passat SE with Sunroof and Navigation 1.8L
    2014 Passat V6 SEL Premium
    2014 Passat TDI® Clean Diesel SEL Premium

    Sorry for a list but trying to figure out which will give us best value for the buck... Thanks for all your help.

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