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2013 and earlier Volkswagen Passat Lease Questions

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Comments

  • al2400al2400 Posts: 1
    Hi, would you be able to tell me the dealer on Long Island you went to?
  • bossman141bossman141 Posts: 53
    Platinum VW in Hicksville. Awesome experience. PM me if you would like the salesman's name.
  • nyccarguynyccarguy Stamford, CTPosts: 7,092
    I also helped a friend lease a Tiguan from Platinum. If you do your research, they will give you a fantastic price. Their sales guys are friendly & knowledgeable.

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • irg2irg2 Posts: 5
    edited May 2013
    I see VW is advertising the Passat with the Appearance Package (automatic, alloys) for $249/month, nothing down, 1st month lease waived, no security deposit. 39 month lease, which is ok, as long as I get a full 3 month warranty to fill the gap.

    I have a local dealer who has an advertised price to buy it for $19799 which seems good. The VW lease doesn't include taxes and in NYS, that's 8% which then raises the lease to $268, not bad but I'd rather not be much over $250 - splitting hairs perhaps.

    What are the chances this lease will be here in June, when my Camry lease is over? I was hoping I would have some equity in the Camry to apply to the lease, it is a 2011 LE 4 cyl auto w/alloys with only 25k miles on it, really mint condition in and out. But most dealers tell me there's no equity or they might take a loss (payoff to Toyota is $14,269).

    So I guess the questions is the Passat lease a good one, can it get better, and how can I negotiate any equity on my lease? Also, my dealer has a lot of the Passat's with the SE package, at $20,999 - they might lease for close to the S model perhaps. Sorry if I'm rambling...
  • irg2irg2 Posts: 5
    Man this place is dead. Another question - how is Volkswagen Financial as a company overall?
  • bossman141bossman141 Posts: 53
    See my post above.

    Leased a 2013 SE w/sunroof for $255 a month. Put down Taxes and a couple fees. Total OOP ended up being $1650

    Had a great experience.

    VW Financial did my lease. Was in and out of the dealer in 30 minutes.
  • irg2irg2 Posts: 5
    Thanks Bossman! Seems like you got a pretty good deal. I test drove the Passat S w/appearance package today, and a Honda Accord LX. I gotta admit while I liked both, the Accord seems like the superior vehicle. Better gas mileage and it feels faster/the CVT is just quicker to respond. BUT, I did like both vehicles, it sort of depends how the two will lease out. I think the Passat will be cheaper, plus free maintenance for 3 years/roadside assistance and that is a bit of a plus. Was your lease for 36 months? I'd rather have the SE and maybe I'll see if I can get that for close to the Accord LX which is $278/month with nothing down, all taxes/fees included. Cheers.
  • irg2irg2 Posts: 5
    Just got a call from the VW dealer. Passat w/Appearance package for $240/month, 36 months, 12k/year taxes included as well, zero $ down. They might pick up my last month payment on my Camry too. Seems like a hard deal to pass up. I like the Accord more, but close to $40/month is something ($1440 technically) plus zero $ on maintenance is nice too. I just need to pick the color I guess.
  • bossman141bossman141 Posts: 53
    I had 3 Accords in the past and just didn't want another. My Acura got rear ended and I was given the Passat as a rental. We really liked it. It is immense, particularly in the backseat. We have 2 small kids and thought it was perfect.

    I looked at the Altima, the Fusion, and the Mazda6. Just kept going back to the Passat. The car is loaded with features that the others were somewhat lacking in the mid level trims.

    The free maintainence did factor in but, in all honesty, we're talking about 3 oil changes and tire rotations. The intervals are long.

    Also loved the handling and the feel of the car.

    The "sign then drive" program is for 39 months. VW makes the first payment so in essence, it's 38. My lease is 12k miles a year. I asked for 15k and the salesman told me not to do 15k because it will kill the residual. He then said at the 19th month, I will be offered by VW to buy extra miles if I need them and it will be added to the lease payment. Totally optional. Did not hear this at the other VW dealer I visited. Hope it's true lol.

    Accord is a really nice car, especially the Sport.

    On the SE Passat, you get the 17" wheels and nicer rims.

    FYI - I would normally roll everything into my payment as you seem to be doing but, I ended up +$1800 when they totaled my Acura. To me it was found money and I just wanted to finish the deal as I needed a car by last weekend. Salesman was great too.
  • irg2irg2 Posts: 5
    Yeah if my budget wasn't so tight, I'd go for the SE model or even the 3.6 SEL. But truth is, I live in a small college town with too much traffic as it is, and my top speed (legal anyways) limit anywhere around is about 45 mph. I have 25k miles on my Camry after 3 years, and I even used my car for quite a few business trips, otherwise I'd probably have barely 15k on it, my commute is a whopping 5 miles one way.

    The free maintenance is nice, but you're right, in the end it isn't much. Except on my Honda Odyssey (also lease), I had the service at 15k which I wasn't paying attention to, thinking it was another oil change maybe tire rotation, instead it cost me almost $500, none of it covered. I have spent $0 on my Camry, all maintenance was covered for 2 years, and then they just covered the last minor maintenance for free. I'm guessing the 30k miles service on a Toyota might cost more. Guess we won't have to worry about it with the Passat at all, which is nice. Does that also include a service like AAA? Nice for peace of mind, especially on longer trips.
  • bossman141bossman141 Posts: 53
    Roadside is included.

    Just felt that I got the most car for he money with the Passat.

    But, remember I ne ver looked at the new Accord.

    Hope I was able to help.
  • billy290billy290 Posts: 2
    Car Man, I looked through the forum and did not see, although it may be there, good answers to the questions I have. I am about to lease the Passat SE w/Sunroof and have both the residual value and money factor for a 3 yr, 30K mile lease. But what I need to know is exactly what price I should be asking for from the dealer. I have used the TMV tool and can see what is a good price for central Indiana, but I am unsure what this includes. My question is this; Does the TMV include the current $2000 incentive from Volkswagen? If not, how close to the TMV should I expect to get? I want to get the best price I can because we have about $4500 in equity in our trade and getting a good price will help drop the payment as low as possible. Thanks! Billy290
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi billy290. The Passat is a very high volume vehicle. If I was in the market for one in an area that has a decent level of competition, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the available $2,000 cash incentive for leases of this car. VW is waiving the first month's payment on leases of this vehicle right now as well.

    You mentioned that you have $4,500 in equity in your trade. That's excellent and there's nothing wrong with trading your vehicle in when you lease a new one, however...it would be in your best interest to have the dealer cut you a check for that equity rather than using it as a down payment for your lease. I always advise consumers to put as little money down as possible on leases. Consumers who make large down payments risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it's much safer to go with a zero down lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pblx3pblx3 Posts: 3
    Hi Carman,
    We are debating between the TDi and the V6 Passat. Would you be able to provide the May money factor and residual for the SEL Premium for each type? We are looking for 36 months 12,000 miles per year, although I know that VW sometimes offers a 39 month option instead and that would be fine too, if it is better. Also, are there other incentives for each car, as well? Thanks so much!

    Patti
  • go2uclago2ucla Posts: 8
    Hi Carman,

    Would you mind posting the 2013 Passat TDI SEL residuals and money factors for a 24 month and 36 month lease with 12,000 miles per year? I am leaning toward the 24 month lease but I might consider a 36.

    Also, do you know if I choose not to pursue the 39 month special VW lease with 0 down, is VW waiving the security deposit and the bank acquisition fee? I don't know how much these are, but it would be good to know. Or do I need to negotiate those with the dealership?

    Thank you.
  • yesdog99yesdog99 Posts: 7
    Hi,

    Can you post the June money factor and residual for a 2013 Passat SE lease?
    I only have payment info on what I was offered today. I am trading in 5 months early, out of a Jetta lease. The Jetta has 50600 miles (5600 over lease) on it. So to get out of the Jetta and into a Passat SE with 18,000 miles a year for 39 months, the payment would be 398 per month, no money down.
    Anyone know if that sounds reasonable?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Patti. Volkswagen Credit's current buy rate lease money factor and residual value for a 39-month lease of a 2013 Passat SEL with 12,000 miles per year are .00007 and 50% for consumers who qualify for it top credit tier.

    The numbers for an otherwise identical lease of a '13 Passat TDI are .00143 and 55%.

    39-months is the way to go because that is one of the terms that Volkswagen is waiving the first month's payment for.

    There's a $2,000 cash incentive on leases of the SEL but nothing on the TDI model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Certainly go2ucla. Volkswagen Credit's June buy rate lease money factor and residual value for a 24-month lease of a 2013 Passat TDI with 12,000 miles per year are .00143 and 63% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are .00143 and 55%.

    I posted the 39-month numbers because that is one of the terms that the current first payment waiver offer is available for.

    Volkswagen is currently waiving its security deposit requirement on leases, however it is not waiving VW Credit's $625 acquisition fee. They are just rolling it into vehicle's capitalized costs to make it part of the payment rather than collecting it in cash at signing.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi yesdog99. Volkswagen Credit's June buy rate lease money factor and residual value for a 39-month lease of a 2013 Passat SE with 15,000 miles per year are .00007 and 48% for consumers who qualify for its top credit tier.

    I think that 15,000 miles per year is the highest mileage allowance that VW Credit publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gambrillgambrill Posts: 10
    Could you please post V6 SE and V6 SEL Lease numbers with incentives for June Sign Then Drive promotion?

    Thanks in advance.
This discussion has been closed.