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Volkswagen Passat CC Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for taking the time to share these numbers with everyone, Lou. I'm sure that many others will find them helpful. If you have the time, you can also hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience. Thanks again.

    Car_man
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  • I started negotiating for a 36 month 12K mile/year lease on a CC sport automatic with a VW dealer in NY on Saturday. Base price is $28,200.

    They started out with an offer of $1,500 down, $470/month, which I knew to be absurd. After some more negotiating we were down to no money down, $430/month incl. taxes, etc. so basically I'm writing a check to VW for $430/month. I walked out hoping that they'd call me with a better offer and they did. Received a call today with an offer of no money down, $410/month. Are they in the right ballpark? Whats a good price for this scenario?
  • qtsapelas,

    i would have walked out and never gone any further with the dealer for quoting you $470/month with $1500 down. right there, you know they are out to get you.

    i prefer to negotiate the price of the car before figuring out the lease payments. that way you know exactly what the lease payment should be with the residual and money factor. in other words, if you have the negotiated selling price of the car (hopefully around invoice), you know exactly what the payment should be with different scenarios of money down.

    i'm paying $389/month for a LUX CC with $1000 down and taxes upfront ($1200) for 36 months/12K miles a year. not sure if that will help with the payments the NY dealer is quoting you...
  • cartime5cartime5 Posts: 2
    I am looking into the CC. What would a great deal in regards to leasing a CC Sport Automatic at 36 month with 10k mile allowance?

    Would it be around $290 a month with tax with the $3000 down?
  • in florida I got CC sport lease for
    36 months
    Manual
    12000 Miles
    $1495.00 due at signing
    $280.00 plus tax a month

    (getting out of touareg lease) I think is a great deal right?

    Can anyone tell me the numbers on the market as now for... ???
    CC Sport 36 month lease manual 12000 Miles
    Residual value:???
    The money factor:???

    One more question....
    Does anyone knows if Volkswagen will have any other promotion for lease on april?
    Thanks
  • nhbankernhbanker Posts: 20
    I would appreciate the MF and residual for a CC Sport for 36 months and 15K miles per year as soon as anyone knows the April deals. Thanks!!
  • Car_Man - When you get the chance can you post the MF and residuals for 36 and 48 month,10K on a VR6 Sport and VR6 4-motion?? Thanks!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cartime5. Let me begin by saying that $3,000 is way too much money to put down on a lease. I always advise consumers not to make large down payments on leased vehicles. Those who make them risk losing part or all of them 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, you will be much better off going with a zero down lease.

    I would be happy to use Volkswagen's actual lease program to estimate what the lease payment would be on the CC that you are interested in right now. However, in order for me to do so I need you to provide me with its full MSRP and its approcximate selling price (or at least its dealer invoice price). You can find that information right here at Edmunds.com over in the New Vehicle Pricing section.

    Let me know what the prices are and I'll crunch some numbers for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello leasing2009. VW Credit's current buy rate lase money factor and residual value for a 36 month lease of a 2009 CC Sport with 12,000 miles per year are .00073 and 52%, respectively. In addition to this special money factor, Volkswagen is providing a $1,000 cash incentive on leases of the CC right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, nhbanker. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC Sport with 15,000 miles per year are .00073 and 50%, respectively. When negotiating your lease on this car, which is beautiful BTW, make sure to take the $1,000 cash incentive that is currently available on leases of it into account.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you're looking for yeoman. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC VR6 Sport (sweet car) with 10,000 miles per year are .00041 and 45%, respectively. The numbers for an otherwise identical 48 month lease of this car are .00108 and 38%.

    If you were to lease an '09 CC VR6 4-Motion through VW Credit for 36 months with 10k miles per year, its numbers would be .00041 and 47%. Its 48 month numbers would be .00108 and 40%.

    As I mentioned in my previous posts, make sure to take the $1,000 cash incentive that is available on this car into account when negotiating the capitalized cost for your lease.

    Car_man
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  • danprtrdanprtr Posts: 25
    Hello, Wondering why so many (just found this forum) are interested in calculating all these numbers? Assuming multiple dealers are in the area, why not just use Edmunds dealer contact form to solicit quotes and inventory info? Doing as much communication email as possible before setting foot in the showroom really helps shave a lot of time and emotional duress for me. Biggest advantage, everything is in writing when to go to close the deal! Sure they might try to nip a few more hundred but you already know what the next best deal is and can walk out whenever they stop making sense.

    If only one (or two) dealers in the area, considering lease vs. buy, or maybe some other special circumstance, crunching the numbers makes sense. Otherwise, simplify the process by talking monthly payment and lease turn-in fees with the dealer and that's it!

    Edmunds lease calculator is a great tool and Car_man seems to me to be giving really great advise and figures but a better negotiating position comes from talking directly about the lease payment and as little else as possible.

    What do you guys think?

    Dan
    BTW $399.78 for 36mo. 15k for a CC with bluetooth, chrome tips, rubber mats with deal done 4/12/09. Best deal I could get in 2 days of email communication and a no hassle 1hr. closing.
  • Yesterday I leased a black on black 2009 CC Sport with automatic, 12 month Sirius Satellite, 10,000 miles per year for 36 months and $1495 down. Payment is $319 plus tax from Gunther Volkswagen in Ft. Lauderdale, Florida. Salesman is Peter Rogers.
  • nhbankernhbanker Posts: 20
    Thanks Car_man. Do you know if the cash incentive on the Luxury is $2000, or is it $1000 like the Sport? I have seen both quoted.
    Also, is the MF and Residual the same as the Sport for 15K and 36 months?
    We are having trouble finding a Sport in the color combo we want and may go Luxury.
  • steve346steve346 Posts: 2
    Car_man, do you know the current rate and residual for a Luxury CC 2.0? Thanks!
  • nhbankernhbanker Posts: 20
    Car_man...or anyone else....as soon they are available I would like the residuals and money factors, and any incentives, for both the Sport and Luxury with automatic. 36 mo lease with 15K miles. We will be finalizing our deal in early May, so any help is much appreciated.
  • nhbankernhbanker Posts: 20
    Does anyone know the residual and money factor for a CC Luxury lease with 15K miles and 36 month term? Hoping to make deal soon but need new figures to be sure of payment. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem nhbanker. Volkswagen's cash incentive on leases of the CC is currently $1,000 on 2.0T models and $2,000 on VR6 models.

    The lease program for the Luxury and Sport trim levels are different. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC Luxury 2.0T with 15,000 miles per year are .00122 and 48%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I sure do steve346. You never mentioned how long you want to lease for or what mileage allowance you need so 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.

    VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC 2.0T Luxury with 15,000 miles per year are .00052 and 45%, respectively.

    When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that Volkswagen is currently providing on it.

    Car_man
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  • sharkyziffsharkyziff Posts: 12
    I am looking for current/May residual and money factors for a 2009 Volkswagen CC Sport 2.0T with Tiptronic.

    36 month lease with 12,000 miles per year.

    Also, what are current lease and purchase incentives from VW.

    Thank you! :)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, nhbanker. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC 2.0T Sport with 15,000 miles per year are .00122 and 48%, respectively. The numbers for an otherwise identical lease of a CC 2.0T Luxury are .00052 and 45%.

    When negotiating your lease on these cars, make sure to take advantage of the $1,000 cash incentive that is currently available on them.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey nhbanker. Please see my previous post for the information that you're looking for. Thanks.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings sharkyziff. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a CC 2.0T Sport with 12,000 miles per year are .00122 and 50%, respectively. When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on it.

    Car_man
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  • Looking at leasing a CC Luxury with Nav in NJ.
    Two quotes today.

    One
    MSRP - 35,090
    Selling Price - 31,765
    Residual - 14,665
    Residual 42%
    Money Factor .00035
    Sign and Drive
    17,500 miles/year
    Per Month - $600 -35 payments

    MSRP - 34,670
    Sell Px - 32,259
    Money Factor - .00052 - Maybe I mis-heard the first one
    Residual - 14,933
    Sign and Drive
    $579 - 36 payments

    or buy -
    $32,637 + tax and tags
    5k down
    $855/month for 36 months - 0%

    Thoughts?
  • mel10021mel10021 Posts: 31
    What are the current figures for a Sport w/ Auto. Nothing else

    I see sticker with destination at $28,950.
    What is a good ( aggressive ) starting price to negotiate lease ?
    36 mos / 10k
    Residual ?
    Money factor ?
  • surfwagon56surfwagon56 Posts: 12
    Seems awfully high to me. I have the same car in CA and paid $2K down and $408/mo for 36 months (sticker was $36, 135). Even dividing the down payment by 36 and adding it to the monthly payments, that still would be an equivalent of $464/month total.

    Of course, I live very close to work so only have 10K miles/year. That should make SOME difference.
  • mpassmpass Posts: 17
    Can I get the May money factor and residual for a 36 mo 15k/yr lease of a CC VR6 Sport (w/ Nav and BT) plus any incentives (nat'l and DC metro), please?

    Many thanks!
  • dros1dros1 Posts: 1
    I recently checked out this car in Dallas. I was wondering what a good deal would be on a lease, assuming the following:

    1. A trade in of $11,000
    2. The Sport or the Luxury Edition
    3. 12,000 miles per year for 3 years
    4. Extras like the tinted windows, rear seat airbags, blue tooth and nav.

    I received a quote on the Sport without Nav for $264 per month, which sounds good, but I think is still too high given the trade in value and the residual value of the car three years from now.
  • mel10021mel10021 Posts: 31
    Does anyone have current #'s ( money factor, residual ) for a Sport CC with Auto for 36mos; 10k miles

    I hear there is $1k lease bonus money around ?
  • drg8ccdrg8cc Posts: 1
    Car_man, Can you confirm the current May money factor and residual on a 2009 CC VR6 Sport w/o Nav. MSRP of $39,450.00. Additionally, can you confirm if the $2,000.00 Incentice Cash on VR6 leases still exists. I am currently working with a sales rep quoting me 0.00100 MF and 40% residual on a 36 Month 15K/yr miles
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