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2013 and earlier Volkswagen Passat Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you're looking for, nhbanker. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Passat Sedan with 15,000 miles per year are .00066 and 42%, respectively. When negotiating your lease on this car, make sure to take advantage of the $2,000 cash incentive that is currently available on it.

    Car_man
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  • thumb72thumb72 Posts: 3
    Car Man,

    Can you provide the MF and RV numbers for a 36 month lease with 12k miles for a 2009 Passat Komfort Wagon? If the numbers are different, can you provide the same info for the sedan?

    I imagine that the residual values must be unfortunately low on both of these vehicles since they are near the end of the season. Do you think the RV and lease options would improve when the 2010s reach the lots? If so, do you have any idea when they may arrive.

    Thanks for your help.
  • thumb72thumb72 Posts: 3
    I picked up a white 2009 Passat Wagon Komfort with the Mat Kit option. I think I got a good deal. Here are the details:

    MSRP: $30,589
    Cap Cost Reduction: $1351.64
    First Month and Fees: $1724.81
    Total Down: $ 3076.45

    Adjusted Cap Cost: $25,343.36
    Residual Value: $12,541.49 (42%)
    Money Factor: 0.00020

    Total Monthly (incl. 8% tax): $363.19/month
    36 month lease with 12k miles

    The car is running and looks great...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi thumb72. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Passat Wagon Komfort with 12,000 miles per year are .00020 and 41%, respectively. The numbers for an otherwise identical lease of an '09 Passat Sedan are .00072 and 43%, respectively.

    Volkswagen is currently providing a $2,000 cash incentive on leases of these vehicles.

    I'm not sure when the 2010 Passat is scheduled to begin arriving at dealers.

    Car_man
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  • I recently recieved a quote from a local VW dealership and was wondering if this is a deal worth considering. Below are the details.
    2010 VW Passat cc Auto MSRP $29,400
    Selling Price $25,925
    Monthly Payment $351.89
    Due at Signing: $1,693.74 includes ($901.15 Tax, $351.89 first payment, $235.20 MV,$205.50 Doc fee + tire tax

    Money Factor 0.00134 Residual 54%

    Its worth mentioning that orginally I was quoted $394.50 however, I was than told that the lease #'s he used were for a 2009. So he adjusted the lease numbers. Any insight would be great. Thanks!
  • visanicvisanic Posts: 10
    Car_Man- I need help to figure out the best deal on a 2010 Passat CC Sport (Manual Transmission).

    Thanks!!
  • hjohnhjohn Posts: 1
    Can you explain adjusted cap cost vs cap cost reduction. I am looking to lease a Passat, but the dealer gave me the same lease rate montly for car Msrp 29k and 24 k.
  • jayriderjayrider Posts: 3,362
    Considering lease deals aren't too attractive anywhere -- you are leasing a 30k car for 400 a month assuming you roll in the tax and fees [ which you should]. This is a 36 month lease--right?
  • Yes, it is a 36 month lease... The $351 payment was without taxes.. I was going to pay the minimal drive off fees upfront.. $1,600 down
  • jayriderjayrider Posts: 3,362
    It sounds decent -- not great because leases are not great anymore. I didn't do it my first lease but most would advise you to roll those taxes into the payment. Keep the $ in the bank and walk away almost zero down. You will pay no money for maintenance or repairs and at the end you can decide if you like it enough to buy. Have you run the numbers on putting 2k down on buying instead of leasing? If you register at ride with g dot com you can post your numbers and get his opinion. He was recommending leasing to buy the passat and if you were going to lease, thought the accord was a better choice for leases. They are very different cars so if you like the vw, I wouldn't be too concerned. Reliability has increased dramatically. Just to cover all the bases try a leasing company -- some will do it all by phone --send you a bid -- no charge. They will get the car you want and deliver it to you. don't know if it will save you much -- some use banks instesd of vw so if your credit rating is at the highest levels you might do better.
  • jayriderjayrider Posts: 3,362
    I ran the numbers on you lease and came up with $335 per month not $351. Problem there. You can also get a 2010 audi a4 quattro 3yr 36k miles for around 360 zero down then add taxes. Much higher priced german car for just a bit more.Everyone looks and feels a little better in an audi. ;)
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  • jayriderjayrider Posts: 3,362
    Your lease was in march of 2008 for an 08. You also put 2k down. This is 2009 and people are leasing 2010's. It's apples to oranges.
  • jmfosjmfos Posts: 3
    I would really like to know where you can get a 2010 audi a4 quattro 3yr 36k miles for around 360 zero down then add taxes.

    Audi's website special says:

    2010 A4 2.0 quattro Premium
    $449† lease per month for 36 months
    Now through November 2, 2009

    Down payment: $999
    Refundable security deposit: $450
    Acquisition fee: $625
    First month's payment: $449
    Amount due at lease inception: $2,523
  • Hi visanic. This particular discussion is about the Passat, not the CC (though they are similar). I'll give you some quick advice here and ask that you post any follow-up questions about the CC over in the "Volkswagen Passat CC Lease Questions" discussion. Thanks.

    The best way to get a good deal on the CC that you are interested in is to negotiate as low a selling price as possible on it, taking advantage of the $1,000 ash incentive that is currently available on leases of this model.

    Once you have negotiated a selling price that you're happy with, have the dealer calculate your monthly payment using this car's buy rate lease money factor. VW Credit's current buy rate for a 36 month lease of a 2010 CC 2.0 Sport is .00152.

    Car_man
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  • Car Man- Can you help me? What is the money factor and residual percentage on a 2010 Passat Komfort PZEV. 36 month lease, 12000 miles per year. And do you happen to know what they will be in December 2009.
  • I'd be happy to help you out, bobamick. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Passat Komfort with 12,000 miles per year are .00144 and 47%, respectively.

    Car_man
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  • timmbojtimmboj Posts: 123
    Hi Car_Man,

    Have the numbers you list above hold true for the wagon version? And have the numbers changed for January 2010?
  • Hi timmboj. Here's the latest numbers for the Wagon.

    VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Passat Wagon with 12,000 miles per year are .00027 and 45%, respectively.

    Car_man
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  • timmbojtimmboj Posts: 123
    Thanks Car_Man !!!
  • Hi Car_Man

    I'm not sure if there would be a difference between financing the WAGON versus the SEDAN... but.. er...

    Would you know the current buy rate lease money factor and residual value for a 36 month lease of a 2010 Passat Sedan with 12,000 miles? 15,000 miles?

    Cheers and thanks!
  • No problem, timmboj.

    Car_man
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  • Hi cavalierfh. The programs for the Sedan and Wagon are different. Here's the information that you're looking for. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Passat Wagon with 15,000 miles per year are .00015 and 43%, respectively.

    When negotiating your lease on this vehicle, make sure to take the $500 cash incentive that is available on leases of it into account.

    Car_man
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  • timmbojtimmboj Posts: 123
    Car_Man, have the Wagon numbers changed for March?
  • carrerahcarrerah Posts: 23
    Hi all - looking at Passats - Sedan and Wagons. The deals right now seem pretty good, and they now come with the DSG trans.

    Can someone post current lease rates? I saw February numbers and would like to know if they have improved at all.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi timmboj. VW Credit's March lease program for the 2010 Passat Sedan is exactly the same as it was in February.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello carrerah. Here's the info that you're looking for. Volkswagen Credit's March buy rate lease money factor and residual value for a 36 month lease of a 2010 Passat Sedan with 15,000 miles per year are .00004 and 44%, respectively.

    The numbers for an otherwise identical lease of a '10 Passat Wagon are .00015 and 43%.

    Volkswagen is currently providing a $1,000 cash incentive on leases of the Sedan and $500 on leases of the Wagon.

    Car_man
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  • Hello Car_Man -- what are April's VW Credit's lease numbers (MF and residual) for a 2010 Passat Sedan; 36 month term: 15K annual miles; $0 down. Any incentives? Thank you sir!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello slamshifter. Here's the info that you're looking for.

    Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Passat Sedan with 15,000 miles per year are an incredibly low .00009 and 43%, respectively for consumers who qualify for its top aka "A" credit tier.

    In April, Volkswagen is providing a $1,000 cash incentive on leases of this model through VW Credit.

    Car_man
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  • nosfera2nosfera2 Posts: 2
    edited April 2010
    Greetings,

    I own a 2007 TL (paid out, i own it) and would like to trade that in for a VW Passat 2010 lease. I'm new to this stuff, and I'm wondering if such a thing is possible. Am I able to sell my TL to VW and then just opt for a Passat lease? If I sell the car to VW, how does that work; do they give me a check for the value of the car or do I get in-store credit or something?

    Is this a wise thing to do or should I just give it in to Carmax? When trading the car in, should I expect to get blue book dealer trade-in value? Any other advice would be greatly appreciated.

    Thank you in advance,

    Chris
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