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2013 and earlier Volkswagen Passat Lease Questions

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  • rongrong Posts: 9
    Hi,
    I was offered a better deal on the 3.6 4Motion 2007 Wagon with Lux package for 48 months $500 a month with no money down.
    It seems that you can do much better for better for the 2006 Sedan
  • mjl22mjl22 Posts: 3
    Car Man,

    Do you know the current money factors and resduals for August for the Passat. Thanks.
  • mjl,

    This week, I just leased a 2006 Passat 2.0 T with premium package #2, auto, and rubber mats, trunk lining, and splash guard package. The MF given to me was .00094 and the residual was 53%. Sorry, don't have the 3.6 info.
  • ensm00ensm00 Posts: 4
    What was your MSRP and selling price on that lease? How many months and what annual mileage?
  • MSRP was $28,740. Selling price was $26,780. I live here in NY. With everything rolled in...taxes, bank fee, etc (no security deposit was required), came to $415 month. Lease is for 36 mo. and 12K miles/yr. Paid $544 at signing (1st month and DMV fees for transfer plates).
  • mjl22mjl22 Posts: 3
    Here is a link to the money factors for August Passat 2.0 and 3.6.

    http://forums.roadfly.com/forums/financing/7926754-1.html
  • Anyone seen '07 Passat Sedans? I'm looking to lease one. The '06 won't allow me to get the package I want (2.0T, 6MT, Dynaudio).
  • Hi larmen. While Volkswagen is providing $2,500 to $3,500 dealer cash on 2006 Passats right now, this dealer cash is not compatible with Volkswagen Credit's special lease program. The only way that one can take advantage of this dealer cash is to pay cash for a Passat or finance one through an independent bank.

    Car_man
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  • You're very welcome, MikeMookie. Congratulations on your new car. Enjoy!

    Car_man
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  • Welcome autobuyercalif. The Passat Wagon's lease program varies by trim level. If you tell me the exact model that you are interested in, i.e. an '07 Passat Wagon 2.0T, a 3.6L 4Motion, etc... I would be happy to tell you what VW Credit;s current lease program is like on it. $500 over invoice is a good selling price for this vehicle.

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  • You're welcome, Mitch. No, Volkswagen's dealer cash on the 2006 Passat is not compatible with its special financing rates either. The only way to take advantage of the dealer cash that is currently available on this model is to pay cash for or finance one through an independent bank.

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  • Congratulations on your new ride, rong. It sounds very nice. Enjoy!

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  • Hi there passat001. 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.

    The first thing that I notice about the lease that you were quoted is the large down payment that you were asked to make. Consumers are free to lease any vehicle that they want without making any sort of down payment. I always advise community members not to make down payments when leasing because if their leased vehicle is totaled in an accident or stolen and never recovered, the down payment essentially disappears.

    There's nothing wrong with purchasing a leased vehicle at the end of its term, IF its purchase price is less than it would cost to purchase a similar car on the open market. It's never a good idea to overpay for a vehicle, even if it is one that you were leasing.

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  • Greetings ocgeezer. Volkswagen is providing lease support on all 2006 Passat models right now. Its exact lease program varies by trim level though. If you were to lease a 2006 Volkswagen Passat 2.0T Sedan (not the Value Edition) through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00099 and 51%, respectively. The numbers for an otherwise identical 39 month lease of this car should be .00141 and 49%. I have not seen its 42 month lease program recently. If you were to lease this car with only 12,000 miles per year, its residual values would be 2% higher.

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  • Hello mjl22. These cars' lease programs vary depending upon how long you lease them for and their mileage allowances. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Passat 2.0T Sedan (not the Value Edition) with 15,000 miles per year are .00099 and 51%, respectively. The numbers for an otherwise identical lease of a 2006 Passat 3.6 Sedan without 4Motion are .00088 and 49%.

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  • Dear Car_man,

    Tommorow morning am finalising a lease deal on 2006 Passat 2.0T. Total calculated (MSRP)sticker price of car am leasing is $31,965.00, Its with Premium package, Exterior is Reflex Silver, Interior is black with leather heated seats, navigation, sunroof, Dynaudio etc. well in one word it is a fully loaded equipped car what VW offers. Tommorow morning am signing a lease deal with residual of 0.51, money factor 0.00099, 15k miles per year and for 36 months. Downpayment is $2365 which includes first monthly payment of $365, dmv and all misc. charges except number plate. I am resident of NY state. What do you think about this deal ???? :confuse: Do you consider this deal good :confuse: An early reply will be appreciated, and thanks to your discussion board, as I am following it from last 3 weeks such that I can finalise a good car at good price. As its my first car, I learnt more or less everything about car shopping on this site, thanks once again.
    P.S. I cannot tell Net Cap cost and calculated costs as after heavy negotiations we nailed down on my monthly payments with $2000 downpayment. I drove the car am leasing, but it had already 80 miles on it, does it make any difference ??? Secondly does a color choice changes price??? I already reserved the car by paying deductible $500. Your opinion will be appreciated.
  • Dear Car_man,
    I guess this makes a complete info to my earlier message :) , GRS CAP COST : $28715.34, CAP REDUCTION: $813.00, NET CAP COST: $27902.34, ADJ Residual: $16302.15.

    This message is a continuation of message below:

    Dear Car_man,

    Tommorow morning am finalising a lease deal on 2006 Passat 2.0T. Total calculated (MSRP)sticker price of car am leasing is $31,965.00, Its with Premium package, Exterior is Reflex Silver, Interior is black with leather heated seats, navigation, sunroof, Dynaudio etc. well in one word it is a fully loaded equipped car what VW offers. Tommorow morning am signing a lease deal with residual of 0.51, money factor 0.00099, 15k miles per year and for 36 months. Downpayment is $2365 which includes first monthly payment of $365, dmv and all misc. charges except number plate. I am resident of NY state. What do you think about this deal ???? Do you consider this deal good An early reply will be appreciated, and thanks to your discussion board, as I am following it from last 3 weeks such that I can finalise a good car at good price. As its my first car, I learnt more or less everything about car shopping on this site, thanks once again.
    P.S. I cannot tell Net Cap cost and calculated costs as after heavy negotiations we nailed down on my monthly payments with $2000 downpayment. I drove the car am leasing, but it had already 80 miles on it, does it make any difference ??? Secondly does a color choice changes price??? I already reserved the car by paying deductible $500. Your opinion will be appreciated.
  • Dear Car_man,
    I guess this makes a complete info to my earlier message :) , GRS CAP COST : $28715.34, CAP REDUCTION: $813.00, NET CAP COST: $27902.34, ADJ Residual: $16302.15.

    This message is a continuation of message below:

    Dear Car_man,

    Tommorow morning am finalising a lease deal on 2006 Passat 2.0T. Total calculated (MSRP)sticker price of car am leasing is $31,965.00, Its with Premium package, Exterior is Reflex Silver, Interior is black with leather heated seats, navigation, sunroof, Dynaudio etc. well in one word it is a fully loaded equipped car what VW offers. Tommorow morning am signing a lease deal with residual of 0.51, money factor 0.00099, 15k miles per year and for 36 months. Downpayment is $2365 which includes first monthly payment of $365, dmv and all misc. charges except number plate. I am resident of NY state. What do you think about this deal ???? Do you consider this deal good An early reply will be appreciated, and thanks to your discussion board, as I am following it from last 3 weeks such that I can finalise a good car at good price. As its my first car, I learnt more or less everything about car shopping on this site, thanks once again.
    P.S. I cannot tell Net Cap cost and calculated costs as after heavy negotiations we nailed down on my monthly payments with $2000 downpayment. I drove the car am leasing, but it had already 80 miles on it, does it make any difference ??? Secondly does a color choice changes price??? I already reserved the car by paying deductible $500. Your opinion will be appreciated.
  • Hello Car Man,

    We are in about to lease a VW Passat 2006 2.0 T Package #1. Do you think this deal is OK?

    MSRP 27.415
    Acqui. Fee 575.00
    Int CAP 26.025
    Residual (%) 14.804 (54%)
    Money Factor 0.00099
    Registration fee: 150.00
    Insp fee: 10.00
    Doc. fee: 45.00
    Term in months: 36
    Annual Mileage 10,000
    Monthly payment 352.11
    Money due at start: 2,206.22 (includes tax, 1st month, reg fee, inspe. fee and documents fee)
    disposal fee: 350.00

    We also hear that if we wait until October we will get better leasing deals. Is that true?? Much Thanks,

    Elyse
  • Car man, do you have the residual and money factor on 2007 Passat Sedans? I'm looking for 15k miles/yr on a 2.0T. Thanks.
  • eseireseir Posts: 26
    Looking to purchase one of these. All three are offering great Deals. I can get a 3.6 with Pack 1 for 27K plus Tax, Tille, and fees. Both the the TL and the G35 for about $3000 more plus the fees. Both the Passat and the TL seem much more upscale on the inside than the G35. Both the TL and the G35 are entry levels luxury vehicles and the dealer experience will be the same. Both are Japanese and perhaps more reliable over the long run even though all three offer similar warranties. THe Passat reminds me a lot of my current 03 Audi A6, which is a good thing. A nice driving and powerful machine and the price seems good for such a nice vehicle. But the Passat might suffer in resale value so eventually I might get more for the [non-permissible content removed] brands. Dont' Know. Oh Decisions decisions and more dicisions. ANyone out there with a 3.6 passat willing to share their experiences?
  • I am getting close to the end of my 48 month lease on my 2003 Passat Wagon (GLS - 1.8 T), and so far the experience has been pretty good. I had the pre-termination inspection done Monday and was pleasantly surprised that the only items the company wants to charge me for are a plugged windshield (bullseye repaired) and one alloy wheel with really bad fender rash (trying to get close enough to the card reader at my parking deck and got too close).

    They identified lots of dents and dings (more than I think are truly there...and I looked closely), but all are marked as "No charge." I had expected two dings on the hood to get me, but she marked those no charge as well.

    The two items they want to charge me for are both covered by the excess wear and tear policy that is included in my lease (which VW tried to charge me for, but when I walked out, they offered to toss it in at the same price).

    Anyway, I had heard horror stories of people being forced to take their car to the dealer for service and stuff like that before they could get clearance to turn the car in. I had all of my records ready to as I do my own oil changes, air filters, and the like and never take my car to VW as they are too pricey and take far too long (the price doesn't get me as much as "all day" for an oil change).

    Anyway, had all of that documentation ready to go to prove I'd done the factory maintenance, and the lady only asked the mileage and date for my last service.

    I am well under my allotted miles and have scheduled the turn in date as well. So at this moment, it looks like this should be relatively painless. I have, of course, opted not to buy the car as we've really outgrown it and are moving into SUV territory...and the overpriced Toureg just doesn't cut it for me.

    We'll still have my wife's 1999 Passat GLS V6 - 109K miles and still going strong!

    Take care all!
  • Hello Elyse. I believe that the car that you described has a spread of just over $2,000 between its full MSRP and dealer invoice price. You were quoted a discount of $1,390 on this car, which is probably right around $600 over invoice. This is a reasonable price for a lease of this car. The money factor that you were quoted for this car is right in line with VW Credit's lease program for it, so this aspect of your deal is good as well. Both of the main profit centers on leases, the money factor and selling price, look good to me. If you like this car, I personally do not see any reason not to pull the trigger on this deal. Volkswagen's September lease program for this model is scheduled to run through October 2nd. It is difficult to say what its new October lease program for this car will be like. If you check back with me late this week I would be happy to tell you want this car's new lease program is.

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  • Here's the information that you are looking for cheep. You never mentioned how long you want to lease this car for, so for now I will assume that you are interested in a 36 month lease. Through October 2nd, Volkswagen Credit's buy rate lease money factor and residual value for a 36 month lease of a 2007 Passat 2.0T Sedan with 15,000 miles per year are .00191 and 55%, respectively.

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  • Welcome eseir. This particular discussion is for community members to discuss leasing the Volkswagen Passat. You will have better luck getting owners' opinions of the Passat 3.6 if you visit the following discussion: "Volkswagen Passat 2006+". If you have any specific questions about leasing this car I would be happy to answer them here for you.

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  • barnabarna Posts: 3
    thank you car man. i will check back later this week.
  • Car_man:
    Im trying to purchase a 2006 Passat 2.0T. Do you know if there are any incentive programs to purchase a 2006? If not, can you explain the advantages (or disadvantages) to purchase a year-old car (2006) vs. a new car (2007).

    Thanks
  • fish8fish8 Posts: 2,282
    Glad to hear your turn in experience is going well so far. What dealer are you working with? My lease is up in another year and a half!
  • No problem, barna.

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  • Hi Big Al. Through October 2nd, Volkswagen was providing $2,500 dealer cash on the 2006 Passat 2.0T Sedan. I have not seen if that incentive was extended for the month of October, but I assume that it was. If I was in the market for a new Passat right now and I wanted to lease I would go with a 2007 model because its lease program is more attractive right now. If I decided to finance or pay cash for my new car I probably would go with a 2006 Passat because one should be able to negotiate a lower selling price on a leftover 2006 model given dealers' desire to clear their old inventory off of their lots and this car's dealer cash.

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This discussion has been closed.