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2013 and earlier Volkswagen Passat Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
edited February 1 in Volkswagen
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volkswagen Passat. Thanks.

Car_man
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Comments

  • plugplug Posts: 4
    Car_man:

    The 3.6L Passat is due in the showroom in a couple of weeks. What will be the residual value and money factor for a 12K/year, 36-month lease?

    Thanks.
  • Hi plug. According to the latest information that I have seen, if you were to lease a 2006 Volkswagen Passat 3.6L 2WD through VW Credit prior to October 3rd for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00189 and 57%, respectively.

    Car_man
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  • plugplug Posts: 4
    Car-man:

    Thanks for the info.
  • You're very welcome plug. Let me know if you have any other questions.

    Car_man
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  • cllawcllaw Posts: 32
    Hi Car_man

    I'm interested in getting a 2 years/10,000 miles lease for a 2006 Passat 2.0 T with package 1. The MSRP is 27,215 and I expect to pay the taxes up front. Do you know what figure I should consider reasonable? I will appreciate your answer

    Thanks a lot

    Alex :)
  • Hi,
    My current offer from a dealer in NC is as follows:
    2006 Passat 2.0T with Package #2, Dynaudio, and upgraded wheels.
    MSRP is approx 29800.
    24 month lease, $1000 down, 15K/year : 430/mo
    36 month for 350/mo

    Is this a good deal, or can I do better?

    Chips
  • Hello Alex. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the Passat that you are interested in for you if give me an approximate selling price for it. You should be able to get an idea of how much you will have to pay for one by visiting the following discussion: "Volkswagen Passat: Prices Paid & Buying Experience".

    Car_man
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  • Hi Chips. As I just mentioned to the previous poster, I really need to know the selling price of the car that you are interested in to tell you if this is a good deal or not. This is because the selling prices of leased vehicles are negotiable, just as if you were paying cash for them. Without knowing the selling price you don't know how large a discount you are being given. Furthermore, I need this vehicle's selling price to calculate a sample lease payment using VW Credit's actual lease program that we cam compare to the payment that you were quoted. Ask the dealer what the selling price is and let me know. Thanks.

    Car_man
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  • cllawcllaw Posts: 32
    Hi car man:

    I got an offer from my dealer
    30 months 10,000 miles
    MRSP 27,215
    Selling Price: 26,600
    Residual:17,145
    0 Down and pay all taxes and title upfront 2,370

    Do you think it is a decent deal. My goal is to talk down the price to 26,500 which is about the listed price at edmunds.com.

    I will appreciate if you can kindly let me know whether it is a good deal

    Thanks

    Alex
  • Hi car_man,

    I am in need of help leasing my first car and I don't know what questions I need to ask. I have poor credit and needed a cosigner to deal with the VW bank. I was quoted on a passat 2.0t for 46 months a high monthly payment close to $400 with no money down just the first payment. 15,000k a year. I was reading what you suggested and I need to get the sale price on the car, what else should I ask for and can I get back to you tomorrow for help.

    Thanks,

    Tracey
  • cllawcllaw Posts: 32
    Hi Car man:

    I'm sorry but I forgot to mention to you that the monthly lease payment is $353 per month for 30 months. with that in mind, you do think I should go for it?

    Please let me know and many thanks in advnace

    Alex
  • Alex,

    Just an FYI. I was offered a 2.0T with pkg 2 and AT, MSRP $28415 for $300 over invoice. The lease was for 30 months, 15k per year and came to 360/mo with 1194 out of pocket (bank fee, MV, docs, and 1st pymt) Residual was 61% and the MF 0.0008.

    Hope this helps!

    Good Luck.

    -Nick
  • dl7265dl7265 Posts: 1,381
    1.9% int and 61% residual on 15k a year is awsome.
  • kyfdxkyfdx Posts: 28,675
    The money factor is great... but that 61% residual is on 30 months, not 36 months..

    Still not bad.... but, not fantastic....

    regards,
    kyfdx
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    MODERATOR
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  • Car_man,

    Sorry for the inconvenience... The dealer is discounting the car $2,000 from the msrp of $29,800. (pkg 2, dynaudio, upgraded wheels). Including tax, and total due at signing is $1000. 15K/year lease for $430 for 24 mo or $350 for 36 mo.
    Think I can do better?
    Thanks,
    Chips
  • I need help with my first lease and I want to make sure I get a good deal.

    MSRP 23,900
    Package 1 $1625
    No rear air bag

    Total 27,215

    The triptronic is standard in all Passat's? 6 speed $1,075

    The car salesman told me that my payment would be first month payment, no money down and plate no more then $500-600 due at signing.

    I was told because of my credit, I needed a co-signer to deal with VW Bank. This was for a 4 year lease 15,000 miles. Payment was in the high 400's. Is the total price a good price? What can I do to get the total price down? Can someone help me! Everyone else is paying less and the leases are for a shorter time period?

    Traydog1
  • 2006 Passat Pkg1

    MSRP 23,900

    Package 1 $1625
    no rear air bag
    6 speed triptronic is this standard? $1,075

    Total 27,215

    Wanted to know what I should do to get the total price down.
    The salesman is quoting me in the high 300's because of credit. Also the lease is for 4 years at 15,000 miles. No money down just first month payment and plates. I didn't ask if tax was included I'm trying to get a quote right now at another dealer because I made some mistakes at this one. What can I do to lower my payment any suggestion would be appreciated.

    Thanks,

    Traydog
  • Hello Alex. A base 2006 Volkswagen Passat 2.0T has a difference of just under $2,000 between its MSRP and dealer invoice. You are being given a discount of $615 on this car. I know that the Passat is a new model that has been fairly well received by the general public (I personally think that it is an outstanding car - though I wonder what its reliability will be like), I would not be surprised if you were able to get a larger discount than this by negotiating with your current dealer some more or by shopping around. You may want to stop by the following discussion for additional feedback on this car's selling price: "Volkswagen Passat: Prices Paid & Buying Experience".

    You never mentioned what sort of monthly payment you were quoted for this lease. If you let me know, I will tell you what I think of it.

    Car_man
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  • Welcome Tracey. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    As you have already read, you definitely need to know what your car's selling price is. Regardless of what your credit is like, you can negotiate the selling price of the Passat that you are interested in just as if you were paying cash for it. It would be helpful if you were able to find out this car's full MSRP (including the destination charge) as well. This will enable you to see how much of a discount you are being given and we can use it to calculate a sample lease payment.

    Car_man
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  • Ah ha, Alex, I should have read ahead. OK, so you were quoted $353 per month for this car. Let's calculate a sample lease payment on it using the information that you provided and see what we come up with. According to my calculations, if you were to lease a 2006 Volkswagen Passat 2.0T (not the Value Edition) with an MSRP of $27,215 and a selling price of $26,600 through VW Credit right now for 30 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $335. As you can see, the payment that I came up with using VW Credit's actual lease program is a little lower than the one that you were quoted. You mentioned that you are paying tax and title up front. Are you paying a security deposit and VW Credit's $575 acquisition fee at signing as well. If so, I would want an explanation from the dealer why their payment is higher if I was in your situation. Also, don't forget to haggle on the selling price a little more. Good luck and let us know how everything turns out.

    Car_man
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  • Don't worry about it, Chips, community members leave this sort of information out of their posts all the time. OK, so you are interested in leasing a 2006 Volkswagen Passat 2.0T (non-Value Edition) with an MSRP of $29,800 and a selling price of $27,800. The selling price that you were quoted for this car looks reasonable to me. Let's work up a lease payment on it using VW Credit's actual lease program and see what we come up with. According to my calculations, this car's zero down, pre-tax monthly payment for a 24 month, 15,000 mile per year lease through VW Credit should currently be around $395. With a $1,000 capitalized cost reduction, the payment would drop to around $352, which is a lot lower than the 430 per month that you were quoted. For a 36 month lease, I come up with a zero down payment of $330 and a $1,000 down monthly payment of $302. As you can see, the payments that you were quoted look a little high to me, assuming that you are paying a security deposit and VW Credit's $575 acquisition fee at lease signing. Make sure that the dealer that you are working with is using VW Credit's buy rate lease money factor of .00065 to calculate this car's monthly payment.

    Car_man
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  • Hey Tracey. I just responded to your previous post in message #21. You really need to find out the exact selling price that you are being charged for this car. Without it, they could be charging you full MSRP for the Passat that you are interested in and you would never know. You should be able to get a good ideas as to what sort of selling price to expect to pay by visiting the following discussion: "Volkswagen Passat: Prices Paid & Buying Experience". Making sure that you can negotiate an attractive selling price is the most important thing that you can do right now. Your credit issues make it difficult for me to estimate what your lease payment should be like on this car, but once you have the selling price info stop back and I will try to give you my opinion on your deal.

    Car_man
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  • Thank you Car_man! I'm going to read the articles you suggested and also work on getting the full MSRP( including the destination charge) and get back to you asap.

    Thank you,

    Tracey
  • Car_man,

    I called 8 dealerships and the best sell price I got was 26,025 for the passat (no-value edition) pkg 1. What should my lease payment be around. For 3 years and 4 year 15,000 miles. Should I go with this one?

    Another sell price I got for the Passat 2.0t package 1 + winter pkg was 26,195. This dealer is running a application.

    Thanks,

    Tracey
  • nvnicknvnick Posts: 50
    Car_man,

    Do you have October MF and residuals for a 36mo, either 36k or 45k lease? I'll use Edmunds lease calculator once I have quotes. In checking the prices paid forum, hard to believe people are getting near invoice on a German model just introduced what, in August...guess that is what happens when you put a $2k premium on a car that competes with the Accord. May the deals go to those informed consumers!
  • birdboybirdboy Posts: 158
    please could someone tell me...I have always bought my cars and think this time I might try leasing. I crrently havew an 02 passat. How does leasing work with a trade in? Can one trade in on a lease. I own the car.. Thanks
  • fsufanfsufan Posts: 35
    CarMan, What are the residuals and money factor in October for Passat 2.0T for 36 month lease for both 12k per and 15k per?
  • You're very welcome Tracey.

    Car_man
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  • Tracey, it is difficult for me to tell how good the prices that you were quoted for these cars are without knowing their full MSRPs. Furthermore, I need their MSRPs to calculate the lease payments that you requested. If you know exactly how these cars are equipped, you should be able to figure out what their full MSRPs are by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. Let me know and I will let you know.

    Car_man
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  • Here is the information that you are looking for nvnick. If you were to lease a 2006 Volkswagen Passat 2.0T Sedan through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00137 and 57%, respectively. The factor for an otherwise identical lease with only 12,000 miles per year would be the same, but its residual value would be 2% higher.

    Car_man
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