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2013 and earlier Volkswagen Passat Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey mobani. I was away for a couple of days for Memorial Day, but I'm just about caught up. Did I answer what you're looking for?

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tw1010tw1010 Posts: 1
    edited June 2012
    I would appreciate any feedback on the lease terms below:

    2012 Passat SE with Sunroof

    MSRP: $26,630
    Sale Price: $23,130
    Residual: 54%
    MF: .00040

    Payment: $275.66
    Due at signing: $800 (registration, dealer fees)

    Thanks!
  • bhashbhash Posts: 1
    Hi. Any thoughts on how good a deal this is?

    2012 Passat SE (without sunroof), 36 month lease with 15000 miles/year. Down payment of $2000, and monthly payments of $250.

    Thanks!
  • passatsepassatse Posts: 2
    All,

    I could use some help. Please review my offer and let me know if I should take the deal or go shopping at other dealers.

    2012 SE with Sunroof and 15K a year for 36 months

    $300 a month before taxes or $330 after. I am in Washington

    $670 due at signing, which includes first payment.

    Have any of you traded in a car on a lease?

    Thanks,
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,922
    We are snowbirds, expect to be in Florida for about 3 to 3 1/2 months a year. We will fly down for November, and would like to keep a Passat in Florida. When we drive down after Christmas, and stay until the end of Feb we would like to have two cars to use.

    Our first plan was to buy a 2013 model in August for delivery when we arrive in November.
    We are looking at a manual SE, white with beige interior, no other options.
    Based on pricing for a 2012, one dealer gave us a list price of $24765. He calculated a discount of $1033. With all the tax, dealer prep, tag and registration ($450) etc total price was $27280. With discount round off to $26000.
    Edmunds best price for this car is $23,276. Probably $400 lower than the price they gave.

    We expect to drive about 5000 miles a year total. It would be difficult to get a used or even find a 2012 in an acceptable color and with manual shift.

    In your opinion, would you try for $400 or $500 off the price we were given?
    Would you consider leasing the car under these circumstances?

    Thanks in advance for any help or comments.

    2012 535ix 2013 Audi A4 2013 Passat

  • Hi Everyone,

    I am trying to decide whether to lease or buy this time. as for a purchase i am thinking of taking advantage of the 0.9% 60 months. as far as the lease i drive about 10K a year but would prefer a 12K lease. The pricing iam getting is

    MSRP $30,035
    Financed at 0.9% APR for 60 months with $0 down:
    Sale price: $26,488
    Total fees: $377.75
    Total tax: $2189.80
    Total Out the door: $29055.55
    Monthly Payment: $495.60

    Leased for 3 years with 36K total mileage:
    Security Deposit: $350 WAIVED
    Minimum out-of-pocket (first month+DMV fees): $711.33
    Monthly payment: $313.97+tax=$339.87
    Lease money factor: 0.00007!!!!
    Residual Value: $15,918.5

    What are everyones thoughts?
  • nchinchi Posts: 4
    Is it worth leasing a Passat TDI? There never special lease offers on it, but perhaps residual is higher.

    What are numbers for se wih sr and nav for 3 yr lease 15k Miles per year?
  • CARMAN - please help!

    12k miles, 36 months

    MSRP: $27,835.00
    SELLING PRICE: $22778
    TAXES + FEES: $2068
    ADJUSTED CAP COST: $24,846
    MONEY FACTOR: .00007 X 2400 = .178%
    RESIDUAL: $14,753 (53%)
    -dealer asking for $1999 down, and monthly payment $225/month

    whaddya think??
    thanks!
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,922
    dealer asking for $1999 down, and monthly payment $225/month

    I don't know where Car Man is these days but that sounds like a great deal to me....I'd sign up right away.

    For one thing, that is a huge discount that I don't think they give too often, and the residual looks pretty fair. And drive a well equipped Passat for $225 a month!

    Get down there first thing Monday morning!

    2012 535ix 2013 Audi A4 2013 Passat

  • ccorcoranccorcoran Posts: 9
    Sounds like a good deal. I am always concerned about putting $ down. If you went with $0 down, your payment would still be around $275.
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,922
    Sounds like a good deal. I am always concerned about putting $ down

    Good point, but if you have $2000 sitting around why not throw it in and reduce your payments. At $225 a month if you lost your job you could work at a McDonalds and still be able to drive a brand new car.

    I am saying peace of mind counts for something, and reducing payments by $50 a month might feel better psychologically. Though, I suppose the way for leasing to really pay off is to do it with )
    $0 down.

    btw chevy, is this car an automatic or standard?

    2012 535ix 2013 Audi A4 2013 Passat

  • thanks for responses everyone - the passat is an automatic

    while I agree it's not a huge deal to put down $2k, the biggest downside seems to be if the car gets totaled, the down payment is lost

    on a separate note - does anyone have any thoughts on the 3 year/36k mile maintenance program VW offers? specifically, has anyone had any issues/problems with the program
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,922
    the biggest downside seems to be if the car gets totaled, the down payment is lost

    Good point! Also, you can just put the $2000 in the bank and use it if you have to....as long as you are not addicted to gambling and use it up. ha ha

    I'd like to know about that warranty question too.

    2012 535ix 2013 Audi A4 2013 Passat

  • chevychase1chevychase1 Posts: 4
    edited June 2012
    hi - so actually I misunderstood the dealer's #s (he was giving me the capcost with $1999 down, i.e. reduced capcost, and not the selling price)

    not wanting to spread misinformation, I wanted to give the new #s:

    Passat 2.5 automatic w/ sunroof/navigator

    MSRP: $27,835
    SELLING PRICE: $24,776 (NOT $22777 as previously stated)
    TAXES + FEES: $2068
    ADJUSTED CAP COST: $26,619
    MONEY FACTOR: .0007 (interest rate around .17%)
    RESIDUAL: $14,753 (53%)

    the #s in terms of monthly payments are still the same: if I pay the taxes/fees and $1999 down, I can get the car at $225/month. If I just pay the taxes/fees without the $1999 extra down, it is $275/month.

    Breakdown of the taxes/fees (which seem a bit high at first glance):
    1687.87 - Tax
    161.39 - doc (I've heard it is really hard to negotiate this down)
    219 - Plates and Title

    So what do you think about these new #s? Obviously the selling price is not quite as good as I thought before. Edmunds true market-value for the car in my area = $26061 (I assume this edmunds price does NOT include taxes/fees).

    Eagerly awaiting your thoughts
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,922
    Edmunds true market-value for the car in my area = $26061 (I assume this edmunds price does NOT include taxes/fees).

    Just my opinion, but I think it sounds like a good deal. We were looking at an SE model, Manual transmission and it lists for $24765. Dealer would take off $1100 the price for us was $23665. That was a no haggle price. Edmunds best price was $23276 which is only $1489 discount.

    Seems your MSRP of $27835 and discounted price of $24776 is excellent, over $3000 difference, actually $3059...so a big discount on a car they don't discount very much, and a much better price than Edmunds Best price of $26061.

    I think the discounted price of the car is unbelievable. I think unless you have a very good reason for leasing you should buy it for that price. But, I know people have very good reasons for leasing....I have had to do that myself a few times, though I don't think I would do it now.

    If you check Passat lease deals right now this is what they are offering;
    Volkswagen Passat

    The 2012 Passat Lease Special.
    $209*/Month. 36-month lease. $1,999 due at signing. (Excludes title, tax, options and dealer fees. Excludes TDI® models.)

    Lease a 2012 Passat 2.5L S with Appearance Package with automatic transmission for $209* a month. 36-month lease, $1,999 due at signing. (Excludes title, tax, options and dealer fees. Excludes TDI® models). See your local VW dealer for this limited time offer or for one of many other great lease deals available on Passat models.

    Sounds like to me, you are getting an SE model, with a sun roof and navigation plus camera and upgrade radio plus touch screen for $16 more a month than the advertised price.

    I am not a down to the last dollar kind of person. I think it is a terrific deal, and I don't think you will be sorry at all. If by chance you could have saved $10 a month looking around I don't think it would be worth the $360 of time and effort.

    The one thing you may want to consider is the 2013s will be out soon. Not a big thing, but because they are a year newer they should be worth more as a trade in in 3 years time, so the payments may actually be less. We are into July and they will probably be making them in a month and selling them in September. Is it worth waiting for?

    We won't need our car until November, so we are going to order a 2013 near the end of August.

    Let me know what you think.
    Nor sure where Car Man is, he could be a big help.
    I hope they keep that deal going, because you do make your best deals at the end of the month, and it is almost the end of the month!

    2012 535ix 2013 Audi A4 2013 Passat

  • billy3554billy3554 Posts: 147
    Putting money down on a least to lower the monthly payment is rarely a good idea, particularly when the money factor is so low. Smart leasees will put the money in an account where, if needed, the money can be used for a variety of reasons. If the leasee runs into a bit of short term cash problems, money is available to make several monthly lease payments or to reduce the monthly lease payment as needed.

    Also, putting the money in the bank rather than using it to lower the monthly lease payment by a few bucks can result in the leasee saving some money. In reality most people can come up with a few extra dollars each month to pay the higher lease payment while leaving the money which would have been paid at lease inception in the bank for a "rainy day".
  • driver100driver100 Burlington, ON 7 mo/Tampa FL 5 moPosts: 11,922
    Putting money down on a least to lower the monthly payment is rarely a good idea, particularly when the money factor is so low.

    I agree 99.9%. I think there are sometimes people who can't save $2000 in the bank for a rainy day. If they have $2000 sitting there they will want to buy clothes, or go to a casino, or use it to go on a trip.

    For those people, it might be better to just put a down payment of the leased car........it's like forced savings. At least the money actually got used for a good purpose, and wasn't frittered away.

    But, your point does make sense to me, and you added a very good one. Some lease rates are very good right now, so you might as well let the car company absorb the interest payments, and keep more money for yourself.

    The question is, do you prefer to lease or buy?

    2012 535ix 2013 Audi A4 2013 Passat

  • meaggo89meaggo89 Posts: 1
    edited July 2012
    Hello,

    The dealer recently gave me this offer:

    12k miles/ 36 months
    $369 a month 0 down.

    I was thinking of counter offering with 350 a month.

    Im I on the right track? Did they give me a decent offer?

    Thank you so very much.

    Dealership:

    Vyletel, Sterling Heights, MI
  • dtomsfandtomsfan Posts: 1
    Looking to lease an se.

    Went to a dealer and walked away from this simple offer
    36 month
    12k
    1000 down
    226 plus tax/month
    Thoughts on this deal?
  • rack_bauerrack_bauer Posts: 1
    edited July 2012
    Just got my lease offer on a 2.5 SE

    First time leasing and trying to learn on the fly, please advise

    36 months
    15K per year

    $2500 down payment
    All taxes, tags, registration etc... included

    $239 month

    good deal or no?
  • passatsepassatse Posts: 2
    All,

    I've been reading a lot and thought I should share my deal.

    2012 Passat SE with Sunroof no Nav.

    15,000 miles a year for 36 months in Washington State

    $500 down, which included the first months payment.

    $315 a month.

    After all of my research, I think this is a great deal. Very happy customer.
  • Thought I'd chime in. This site certainly helped me before going in to negotiate lease on 2012 Passat w/o sunroof and w/o nav. Thank you all for your input on this site. Terms: $500 down (which includes first month payment); $268 per month (which includes 6.5% tax); 3yr lease @ 12K miles per yr. I had dealer throw in rubber mats :) Note that I had traded in a leased car where I had some "equity" in it. I was given a $670 trade allowance. On prior lease, I had one remaining $238 monthly payment. I feel pretty good about the deal.
  • alexandervalexanderv Posts: 24
    Hello chevychase1,

    That seem like a really great price. I just have a few questions before final thumbs up.

    What is your city and state?
    What is the sales tax in your state?
    Does your state make you pay all of the sales tax at time of purchase?(that"s what your post make it look like), or does each monthly payment include sales tax in that amount?

    Look forward to your reply...Alex
  • prabsriprabsri Posts: 3
    First time leasing and this is best I could talk my dealer into for a SE w/Nav & Sunroof. Is this a good price for 12,000 /3 yrs in CA?

    MSRP: $27,800
    Selling Price: $24,000
    12K Residual $14,456
    First Payment and DMV: $674
    Base Payment: $286
    Payment including tax: $311

    Should I go for this or negotiate further?

    Thanks
  • How much is your down? Got ours SE with sunroof no nav for 265/month 2500 down(1st month is included) for 35 months. includes change oil and tire rotate.
  • maxlevmaxlev Posts: 22
    Looks pretty good. I got the SE w/Sunroof (NO NAV) for $280 (tax included) so to pay a few bucks more for the Nav with an MSRP about $1000 more isn't unreasonable.
  • prabsriprabsri Posts: 3
    $674 Down...This is the First month's payment and DMV fees.
  • alrh0425alrh0425 Posts: 2
    Would anyone be able to provide me with a 36mo lease monthly payment for a 2012 passat se w/sunroof. I will be putting $2,000 down.
    If you can that will be a great help.

    Thanks
  • alrh0425alrh0425 Posts: 2
    Would you be able to provide me with a 36mo lease monthly payment for a 2012 passat se w/sunroof. I will be putting $2,000 down. My zipcode is 17815 and the dealership is Jack Metzers
    If you can that will be a great help.

    Thanks
  • jbellsjbells Posts: 1
    I just left the dealership. My deal in Nassau County, NY:

    VW Passat SE, no sunroof, no nav
    $225/month
    10k miles/year
    $1900 due at signing which includes taxes($845), first month payment ($230), DMV fees ($130), bank fee ($695).
    If all rolled into payment (including first month) - $282

    Hope that helps someone.
This discussion has been closed.