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2013 and earlier Volkswagen Passat Lease Questions

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  • bronsonbbronsonb Posts: 170
    Hi Fish8:

    I'm turning the Passat into Jim Ellis VW on Highway 41 (Cobb Parkway) in Marietta, GA. VW actually gave me the option of returning it there or at Gosset in Alpharetta. Although we've moved to East Cobb, and Alpharetta is no longer that far away, I know where Jim Ellis is, so I picked that one as I am more familiar with it.

    I'll let you know if any shenanigans occur during the actual drop off. Thanks!
  • fish8fish8 Posts: 2,282
    I bought both of my VW's at JE on Cobb Parkway. East Cobb? I grew up in EC and went to High School there. Small world huh?
  • barnabarna Posts: 3
    Dear Car_Man,

    Do you already know the money factor for the Passat 2007? What about the money factor for Passat 2006 in October? Is it better than 0.0099 already and 51% residual?
  • ihoneyihoney Posts: 1
    Hi Car_man

    I'm new to the world of leasing and I'm interested in a 2006 Passat 2.0T with Automatic Transmission - Pkg #1, Navigation, upgraded wheels, and tiptronic (required with Nav). Still debating about the 36 or 42 month lease. I'm visiting the VW dealer on Saturday.

    I found this lease deal on the VW website. What does it mean when they say "Requires dealer contribution of $1,088.66, which could affect final negotiated transaction".

    2006 Passat 2.0T Value Edition with Automatic Transmission
    42-month lease

    $2,354 due at signing
    (excluding taxes, title, options, and dealer charges)

    Or, see your local VW dealer for one of the many other great lease deals available on Passat sedans.

    **US cars only. $279 first month's payment, $1,500 down payment and $575 acquisition fee due at lease inception. Monthly payments total $11,718. Based on MSRP of $24,655 for a 2006 Passat 2.0T Value Edition Sedan with 6-speed automatic transmission, excluding title, taxes, options and dealer charges. Closed-end lease offered to highest qualified customers by Volkswagen Credit through participating dealers. Supplies limited. Offer ends October 31, 2006. Requires dealer contribution of $1,088.66, which could affect final negotiated transaction. Lessee responsible for insurance. At lease end lessees responsible for $0.15/mile over 42,000 miles and for damage and excessive wear. Additional charges may apply at lease end. Purchase option at lease end for $12,327.50. Dealer sets actual prices. See your Volkswagen dealer for details.
  • Here you go, Elyse. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Passat 2.0T Sedan with 10,000 miles per year are .00238 and 58%, respectively. The numbers for an otherwise identical lease of a 2006 Passat 2.0T Sedan (not the Value Edition) are .00099 and 54%.

    Car_man
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    Prices Paid Forum
  • Welcome ihoney. 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 selling prices of leased vehicles are negotiable. The statement that you posted, "Requires dealer contribution of $1,088.66, which could affect final negotiated transaction," means that you have to be given a discount of $1,088.66 on this car in order to arrive at its advertised lease paymnet. This car actually has a spread of around $1,800 between its full MSRP and dealer invoice price. This late in the model year, you probably can negotiate a larger discount than the one that was used to arrive at this advertised payment. The larger the discount you negotiate is, the lower this car's payment will be.

    Car_man
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    Prices Paid Forum
  • Hello Car_man- new to this forum. I am looking to lease an 06' Passat , and see from an above post that a money factor of .00099 is available. The question I have is concerning negotiating the best price (of course). Assuming about $1800 from MSRP to invoice, at this point in the year can I also try to negotiate some of the holdback (I read somewhere this is about 3%- is that 3% off of invoice, not MSRP, correct?) which would mean another $700 or so, so an agressive discount would be $2300- $2500 roughly? Does incentive money (which last month was $2500 on a 2.0T, $3500 on a 3.6 V6, and I assume is present this month as well) apply on a lease the same as a financed purchase? I have seen people on other forums say they got as much as $7700 off MSRP on a 3.6, so am I assuming correctly that is below invoice + the $3500 factory incentive off? I want to lease a 2.0T, $2000+ off of MSRP to invoice, and can I push for the $2500 incentive as well on a lease, or am I nuts here? Thanks for your help!
  • i'm not sure exactly about your question, but I just bought a 2007 2.0T passat (manual) transmission for around 750 under invoice (estimating since I worked on an OTD price, i am taking taxes and fees out rougly)...so just saying there are good deals out there to be had even on the 2007 models

    good luck
  • Does anyone know what is the current rate (MF: November) offered by VW Credit on a 2007 Passat (2.0T) and 2007 Jetta (GLI) not the value edition? Also what are the residial values if I would lease the car for 36 months (12,000 miles). I would appreciate any feedback.
    Thanks
  • I am 12 months into a 36 month lease on a Passat. I recently visted a dealer looking for another car for my wife, and saw another Passat that I liked. Mine is a 2.0 with #2 package, this one was a fully loaded V6.

    Is it possible to trade-up to th enew one in the middle of the lease, or would it be a bad idea financially.

    The new one is only about $2K more than I originally paid for mine.

    Any advice/tips before I speak with dealer?
  • Welcome xriderbc. My guess is that you will be able to negotiate a selling price on a leftover 2006 Passat lease that is fairly close to dealer invoice (slightly above or slightly below). If you were to purchase this car, you would be able to get it for well below dealer invoice by taking advantage of the dealer cash that is currently available on it. Specifically, VW is providing $2,500 on '06 Passat 2.0T and $3,500 on Passat 3.6 models. This dealer cash is not compatible with its special lease program though. Make sure to stop by the following discussion for more information on how much you should pay for this car right now: "Volkswagen Passat: Prices Paid & Buying Experience".

    Car_man
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    Prices Paid Forum
  • Here's the information that you're looking for, tribalvinyl. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Passat 2.0T Sedan with 12,000 miles per year are .00222 and 56%, respectively. The numbers for an otherwise identical lease of a 2007 Jetta GLI are .00178 and 57%.

    Car_man
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    Prices Paid Forum
  • Hi chicago3. I am sorry to say that it is not possible to switch your current leased Passat for a different model. The only way to do this would be to get out of your current lease early, which will likely be very expensive to do. You will have to wait until you are much closer to the scheduled end of your current lease to get a new vehicle, unless you want to waste a lot of money. Sorry that I don't have better news for you.

    Car_man
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  • I am considering a lease offer. Please tell me if this is a fair deal:

    2.0T Passat Wagon w/Sport Package
    MSRP 32,605
    Sell 30,740
    $354-39months
    w/$3,500 down. 12k miles per yr
    Any information will be appreciated.
    Thank you
  • I am a member of USAA and they have suggested I use them to negotiate a better lease price for a new 2007 passat 2.0T with package 3; 36 months 15,000 miles. Has anyone used USAA to make the lease deal for you, and if so, what is your feedback?
  • Hello Forum -

    I receive invoice pricing on VWs through my work. I'd like to lease a 2007 Passat 2.0T w/ option1. Dealer tells me invoice is 25K and change.

    Quoted me $380 per month. Zero down. I pay all fees and taxes (a lot in Chicago!).

    Now, we have the dreaded 'use tax' in Chicago which is 6.5% so I was advised some type of balloon lease to avoid this.

    OK--but dealer deals me VW financing is 6.19% (?!)

    Based on other postings $380 per month on this vehicle for a strong partner of VW/Audi seems way too high.

    Thoughts? Should I go for a 2006? I don't care much about model year.

    Thanks in advance -- lots of super data points on this forum.
  • Hello mamey1. The selling price that you were quoted for this Passat looks reasonable to me. It's probably around $700 to $800 over dealer invoice or so. Still, it never hurts to drop by the "Prices Paid" discussion for the model that you are interested in to see how much other community members have paid for it lately: "Volkswagen Passat: Prices Paid & Buying Experience".

    The problem that I have with this deal is the large down payment that you are making. It is in the best interest of consumers who lease not to make any sort of down payment. People who make large down payments on leases risk losing them if their vehicle is totaled in an accident or stolen and never recovered. Let's work up a zero down lease payment on this vehicle and see what we come up with. According to my calculations, if you were to lease a 2007 Volkswagen Passat 2.0T Wagon with an MSRP of $32,605 and a selling price of $30,740 through VW Credit right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $390. Shoot for that sort of payment.

    Car_man
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  • Hi motorin75. While I do not personally keep tabs on manufacturers' balloon note programs, the interest rate that you were quoted for one on a 2007 Passat does sound a little high. Volkswagen Credit's current buy rate lease money factor for a 36 month lease of a 2007 Passat 2.0T Sedan is .00222. This is equivalent to an interest rate of around 5.33%. While it does not necessarily have to be, I would think that the interest rate for a balloon note would be closer to that. As I said I can't work up a balloon note on this car for you, but if you provide me with its exact MSRP and selling price I can estimate what its current lease payment should be like for you.

    If I was in the market for a Passat right now and didn't care what model year I got, I personally would strongly consider financing a 2006 model through Volkswagen Credit. VW is currently offering 0% financing for up to 5 years on '06 Passats. This is a very aggressive offer for them.

    Car_man
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  • I am considering a lease offer. Please tell me if this is a fair deal:

    2007 Passat Wagon - Base model
    MSRP 25,855
    Sell 24,233
    Money Factor: 0.00126
    Residual Value: 56%
    Sales Tax - 7% (NJ)
    $249 - 39 months
    w/$4,000 down. 10k miles per yr

    Any information will be appreciated.

    Thank you.
  • I am considering a lease offer. Please tell me if the deal is fair:

    2007 Passat Sedan - Base Model w/ automatic transmission
    MSRP - $24,665
    Sales Price - Dealer indicating $200 above invoice
    Down Payment - $1,000
    Monthly Payment - $380
    15k Miles per year

    I do not know the residual value, however, dealer indicated quote is based on top tier credit. I would appreciate any help that you can offer.
  • What is the current buy rate lease money factor and residual value % offered by VW Credit, for a 2007 Passat Wagon, Base model? The dealer is quoting a Money Factor of: .00126 and Resdidual value of: 56%. I am looking in Northern NJ.
  • arbocarboc Posts: 1
    I got a quote for A 2k7 Passat 3.6L 4motion Wagon
    Included
    Luxury Package #1
    DVD Navigation
    Bi-Xenon
    Purchase : $35663
    Residual : 51%
    Money Factor : .00181
    No money down
    36 Months, 15k/year
    $543.74 w/tax

    I'm worried that the Residual and Money Factor are high, but other people are quoting for lower models, not for the more expensive model which would depreciate more. I guess.
  • Hi,

    My 6 month old leased Passat was involved in an accident and is being repaired at an authorized shop with OEM parts.

    Will I be liable to pay a penalty at the end of the lease since the car's title will likely say it was involved in an accident?

    Any suggestions?
  • im new @ this thing im jus nervous as hell that my lease is up feb 15th 2007!!! they sent me a letter in the mail saying they want me to trade it in etc. i want to release a new passat but i have no money for a down payment?! how does this work after my lease is up but they want me to trade it in for another car? i have a 04 passat sedan almost 30000 miles and its fully loaded and i pay 330$ a month! anyone have any info????? i have to go by the end of this month
  • curtiicurtii Posts: 1
    Hello. Could you please evaluate the following lease offer emailed to me from a local dealer in Pasadena? I live in Los Angeles. I think it might be a little high.

    2007 Passat 2.0 with Package 1 and splashguards
    MSRP: $27,680
    INTERNET PRICE: $25,551 ($300 below invoice according to the dealer)
    TERM: 39 months
    MILES: 12k/year
    RESIDUAL: $15,180
    No downpayment or cap reduction. Total cost out of pocket is $1,213 for tax, title, destination fee.
    MONTHLY PAYMENT: $343 ($371 including tax)

    Thanks so much for your help.
  • Hi there! I am getting back in the market for a new vehicle & have been eyeing the new Passat's. I missed out @ the great financing deals on the '06 - as not a single dealer in my 200 mile radius has one on the lot. So, I am forced to have a go @ the '07. Was wondering how these cars lease out.
    From reading some posts, there seems to be some great lease deals out there. I recently went to one of my local dealers, looked at a few & tested a 2.0T that was very well equipped (Pack 2 Sport, DVD Navi w/glove box mounted six disc changer & Dynaudio). I was very impressed w/the car! It stickered out @ approx $34k. Dealer says they can sell for approx $31k. I asked for the residual value & was told it is @ 53% (39 mo lease term / 15k miles). I am not sure if that is good, bad or average. Salesman did not know the current money factor. I have seen some great money factors in some posts & hope that VW Credit still offers a good factor.
    Are there any additional incentives/rebates available to lower the selling price (sp)/cap cost? I would like to make a down payment of $0.00 as I do not see the sense of placing a downpayment on something that I am more than likely going to turn in @ the end of the lease. Odds are that I would never recoup that money.
    So my questions are...
    1. Is the 53% residual value for a lease of 39 mos - 15k/yr good, bad or average? Can that % be negotiated higher?
    2. What is the current money factor through VW Credit?
    3. Is the sp/cap cost for the Passat (equipped as listed above) good, bad or average? I think I know the answer to that one - I feel that it can be a lot better!
    4. Are there any additional incentives/rebates available that will help reduce the sp/cap cost?
    5. After all is said & done, where should I expect the monthly payment to fall for a Passat equipped like this one?
    Thanks in advance for the info & guidance.
  • Hi needleaseinf. Volkswagen Credit's January buy rate lease money factor and residual value for a 39 month lease of a 2007 Passat Wagon 2.0T Base model with 10,000 miles per year are .00175 and 56%, respectively.

    I see that you are considering making a $4,000 down payment on your lease. I personally always advise consumers against making down payments on leased vehicles. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.

    Now let's take a look at this vehicle's selling price. A base 2007 Passat Wagon 2.0T has a spread of around $2,000 between its full MSRP and its dealer invoice price. You were quoted a discount of $1,622 on the specific model that you are interested in. This looks like a pretty good price to me. Make sure to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Volkswagen Passat: Prices Paid & Buying Experience".

    Car_man
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    Prices Paid Forum
  • Hi jgonsh. $200 over dealer invoice is a very good price for this car, but you definitely should find out exactly what price you are being charged for this car so that you can double check that is really the price that you are being given. Plus, if you find out this number I can use it to estimate what your monthly payment should be. For now I can tell you that Volkswagen Credit's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Passat Sedan 2.0T Base model with 15,000 miles per year are .00172 and 53%, respectively. Make sure that this is the money factor that is being used to calculate your car's monthly payment.

    Car_man
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  • Hi needleaseinf. Here's the information that you're looking for. This car's lease program varies by term and mileage allowance. 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. Volkswagen Credit's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Passat Wagon 2.0T Base with 15,000 miles per year are .00110 and 51%, respectively.

    Car_man
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  • Hello arboc. Let's take a look at this model's current lease program. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Passat 3.6L Wagon with 4Motion and 15,000 miles per year are .00161 and 48%, respectively. As you can see, the money factor that you were quoted does look slightly high. I would be happy to give you my opinion on this vehicle's selling price if you let me know what its MSRP is.

    Car_man
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This discussion has been closed.