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2013 and earlier Volkswagen Passat Lease Questions

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  • Isn't that almost 7% interest?
  • Hi sprinkler13. Volkswagen Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat SE with 15,000 miles per year are .00009 and 53%.

    The residual value for an otherwise identical lease with only 12,000 miles per year would be 2% higher.

    When negotiating your deal,, make sure to take advantage of the $1,250 cash incentive that VW is providing on leases of this car. Volkswagen is waiving the first month's payment right now as well.

    Car_man
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  • You're very welcome bahn517bo.

    Car_man
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  • Hi cliffpoz. Volkswagen Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat SE 4-cylinder with 12,000 miles per year are .00009 and 55% for consumers who qualify for its top credit tier.

    Don't forget about the $1,250 cash and payment waiver offers.

    Car_man
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  • You're right, testaccount, there's no way that daytripper was quoted a money factor of .00290 on this car. The rate wouldn't be that high even if your credit was a wreck.

    Daytripper did you mean .00029? Even that is slightly high. VW Credit's buy rate for top credit tier customers is only .00009 for a 36-month lease of this car right now.

    Car_man
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  • Do u think I did okay with my deal?
  • ajr1775ajr1775 Posts: 33
    Just leased one yesterday. Took advantage of the $1,250.00 cash bonus. Lease rate with everything rolled in was $289.00. They pay the first month. I probably could of nagged and harped a lot more on the sale price to get my lease down to $280.00 but they were very descent and good, Prestige VW of Melbourne FL. Mileage allowance was 12,000 a year.
  • ajr1775ajr1775 Posts: 33
    The Residual on 12K for 42 month is 55%.
  • I just got this deal on January 2nd:

    2013 Passat V6 SEL Premium
    10,000 miles / 42 months
    All Weather Mats
    Dealer Paid for Tinting
    Tungsten Silver

    MSRP $34,995 (with Destination)
    Sell Price: $32,092

    $368 due at signing / $368 a month

    They took back my 2010 Jetta that had 3 payments of $350 remaining on the lease. I was under mileage and the car was in good shape, but it was still under.

    Hope this helps.
  • pegasus17pegasus17 Posts: 536
    ref: 1139
    Please supply the following:
    residual % for 10k miles per year
    money factor?
    disposition fee?
    thx
  • ajr1775ajr1775 Posts: 33
    Great deal, even at a 42 month term.
  • Car Man,

    Thanks for the great info!

    I went to a New York dealer today and this is what they offered:

    $24,990
    36 months
    10k/year
    MF: .00016
    Residual: 54%
    $345/month including tax
    first month's payment and DMV fees due at signing.

    I plan on countering with $24,000, and 56% residual with 0 first month's payment. Is this reasonable? Should I try going even lower? Also I saw that people are getting .00009 MF. Is this still the going rate? I don't think my credit will qualify for top tier. Dealer said B-tier MF is .00046 and C-tier is .00101.

    What should I counter with?

    After looking at all the trims, I might consider the SEL Premium. What are the numbers for that trim?

    ANy input will be appreciated

    DAnny
  • You're welcome danny01. I don't know what this car's MSRP or dealer invoice price are so I don't really have a point of reference to compare the price that you were offered to. Do you know what either of these numbers are.

    VW Credit's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat SEL Premium with 10,000 miles per year are .00016 and 54% for consumers who qualify for its top credit tier.

    Car_man
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  • Does anyone have the February lease residual and money factors on a 10K mile lease in NY?

    Also think there is a $1500 lease cash bonus but need confirmation.

    Thanks.
  • The lease on my Passat will be up in Aug. I have some body damage that I will need to have repaired, or else I will be penalized at turn-in.

    If the body work is done by my VW dealer, is that a guarantee that VW will accept the car back without penalty? Do they have to accept the car without penalty if I get it repaired by a licensed body shop not associated with a VW dealer?
  • kyfdxkyfdx Posts: 31,128
    You can have it repaired anywhere you want. To answer your specific questions, having the work done at you dealer won't guarantee anything (though, if your dealer is doing the turn-in inspection, any questions about the body work might get quashed by mentioning who performed it).

    As to your other question, the body work has to be done correctly, no matter who does it. Any deficiency is between you and the body shop.

    All that said, any decent body shop can do the work required, to the proper standards. Where you can get into trouble is asking them to cut corners to save money. My wife had $11K of body work done to a year old Accord, and at the end of three years, we just handed them the keys and walked away.. It's not that big of a deal to the bank.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Thank you for the excellent resources!

    I'm looking for the residual and lease rate for a 2013 Passat TDI SEL Premium
    - 36 Month Lease
    - 12K Miles
    - San Diego, CA

    Thank you again!
  • Carman:

    What are february money factor and residual for a 36 month, 10k per year lease of a vw passat 3.6 sel? Also, does the $1750 incentive apply to the lease?
  • Hi nyweather. Volkswagen Credit's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat SEL Premium with 10,000 miles per year are .00016 and 54% for consumers who qualify for its top credit tier.

    You are correct about the $1,500 cash incentive on leases of this car.

    Car_man
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  • Here's the information that you're looking for crazythedj. Volkswagen Credit's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat TDI SEL Premium with 12,000 miles per year are .00151 and 57% for consumers who qualify for its top credit tier.

    Car_man
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  • Hey cliffpoz. VW Credit's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat 3.6 SEL with 10,000 miles per year are .00002 and 54% for consumers who qualify for its top credit tier.

    Yes, there is a $1,750 cash incentive on leases of this car right now.

    Car_man
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  • aitrus03aitrus03 Posts: 20
    Hi Car Man,

    Can you provide the mf/res on the 2013 Passat SE(no nav, no sunroof) as well as any incentives or otheriwse to make sure I get.

    Also, the 1st month waiver the was being offered, does this mean that after we negotiate everything, VW just eats the 1st month? Or is this something I have to negotiate the dealer to discount the car for?

    Thanks so much!
  • getwiredgetwired Posts: 30
    Can anyone tell me if the following information is accurate for a 12k 36mo Passat TDI Lease?

    MF: 0.00151
    Residual: 57%
    Incentive: $1,500

    Is it also accurate that there is an additional $500 incentive for existing VW customers?

    Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go aitrus03. Volkswagen Credit's March buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat Sedan SE with 15,000 miles per year are .00003 and 51% for consumers who qualify for its top credit tier.

    Volkswagen is providing a $1,750 cash incentive on leases of this car right now. There is a small payment waiver offer that's only available in certain states. If you let me know where you are I can tell you if you're in one of them.

    Car_man
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  • getwiredgetwired Posts: 30
    I've negotiated both the TDI and V6 SEL Premium Passats. Both models are equipped as follows: Tungsten Silver Metallic, Cornsilk Beige Interior, Mat Kit, Wheel Locks, Lip Spoiler

    TDI: $32,451 - $500 in incentives = $31,951 (MF: 0.00151 Residual 12k: 57%) $434.38
    V6: $33,124.00 - $2,750 in incentives = $30,374 (MF: 0.00002 Residual 12k: 54%) $328.84

    On a lease, the TDI model is $106.00 more per month. Considering that 60% of my driving is highway, using 12k per year, I have calculated a difference of ~$600 in fuel costs between both models, or $50 per month. (V6 $1,970 per year TDI $1,376 per year). Adding this to the equation, that is still a $56 per month difference in favor or the V6.

    Is there anything I am missing that could make up the additional $50 and turn the odds in favor of the TDI?

    And Car_Man, thank you for all of your help... I'm in NC. Any payment waivers here?
  • aitrus03aitrus03 Posts: 20
    Hi Car man,

    I live in Florida. When I asked the dealer, they said it was a sign & drive special that they don't currently offer. I was quoted .00016 and 53% on a 36/12k 2013 Passat SE. I know I will qualify for the best rate available. Is this information accurate?

    Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi getwired. The money factor and residual value that you were quoted for this car are spot on, but where did you see the $1,500 cash incentive. I'm familiar with the $500 owner loyalty offer, but I haven't heard about the $1,500.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome getwired. I've found that consumers rarely make up for the added cost of getting a diesel or a hybrid version of a particular car with the savings that they experience in fuel costs. There are exceptions to every rule, but generally speaking consumers who lease a diesel or a hybrid do so more for their concern for the environment than for the money that they will save.

    North Carolina is not one of the states that I have seen the payment waiver offer in.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks aitrus03. I didn't think that there was a sign and drive offer on Volkswagens right now. The residual value that you were quoted was spot on, but the money factor is slightly high.

    Car_man
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  • aitrus03aitrus03 Posts: 20
    What is the money factor for the '13 SE w/o nav or sunroof on a 12k/36 lease?
This discussion has been closed.