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Volkswagen Passat CC Lease Questions

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  • mel10021mel10021 Posts: 31
    CarMan

    Im interested in a CC Sport Auto 10k/year. To lower my payments, I'm thinking of doing a 48mos and getting an extended warranty. Thoughts ?
  • psl25201psl25201 Posts: 4
    CarMan,

    First, I want to say thanks for a great forum. Lots of really good information here.

    So I went to the VW dealership today and this is what I walked away with -

    2009 VR6, 4 Motion CC
    MSRP - $39,990
    Invoice - $37,908
    Incentives - $2,000
    Lease - 36 mos.
    Mileage - 10k/year
    Residual - 45%
    MR - .003

    Monthly Payment - $536

    This is my first time leasing a car, and while I am pretty familiar with the terminology and process, I am less familiar on what I should negotiate on a lease. Do you, or anyone on here, have any insights into this?

    Your help is appreciated.
  • nhbankernhbanker Posts: 20
    I am looking for the June residual, money factor, and any sales incentives for the CC Sport automatic for both 15,000 miles and 20,000 miles for 36 months. We need to make a decision within 2 weeks, so your help is appreciated!
  • mel10021mel10021 Posts: 31
    Signed a deal yesterday:
    CC Sport
    Auto
    10k / 48mos
    Blue Tooth
    Sirius
    Chrome Tips
    Floor mat / trunk liner kit
    $395 incl tax. Nothing down

    Think its ok
  • gforce11gforce11 Posts: 225
    Never lease a car that's going to be out of warranty before your lease expires. Defeats the purpose of leasing since you will be out of warranty and you will still have 1 yr of payments to go. VWs DO break down and when they do, they are expensive to fix.
  • mel10021mel10021 Posts: 31
    I thought about that. Wanted to lowere my payments but didnt want to put anything down. Has a 5 year power train warranty.
  • juggs44juggs44 Posts: 1
    What's done is done, but the "powertrain warranty" is the biggest bag of junk automakers have come up with in a long time. When was the last time you heard of a car less than 5, or even 7 years old having problems with their powertrain? All these cars are run by computers and that's what will fail. The electronics are the biggest concern.
  • m6userm6user Posts: 3,175
    When was the last time you heard of a car less than 5, or even 7 years old having problems with their powertrain?

    I have a 2003 Toyota Tundra 2wd that had a new tranny replaced under warranty at 43,000 miles and under 4 years old. I appreciated the warranty as I had a loaner for a week and now have a fairly new transmission all for not one penny out my pocket. Probably would have cost around $3000. And if you think it was hotrodded think again. I'm late fifties and drive it pretty conservatively in a suburban setting. I know it's somewhat rare but it does happen.
  • nirad1nirad1 Posts: 1
    Hi,

    I am looking to lease a CC either Lux 4cyl or 6cyl sport with Nav @ 15k miles for either 36 or 48 months and no $ down. Anyone have these terms? Anyone have an idea of what I should expect? In both cases I have found the rates to be pretty high, especially with a car between $32k - $40k. Am looking in NJ so if anyone knows of a good place please reply. I have found the VW dealerships I have talked to to be very unresponsive and not very hungry to make a deal. Is this car in that much demand?

    Thanks
  • I just leased the Lux 4cyl CC w/Nav @ 12k miles, 36 month, 0 down, w/bluetooth. $549, for 35 payments, they picked up the first payment. Leased in NJ There are not many car left in the north east. He got the color we wanted from Long Island. Checked price with two other dealers, same. We like our dealer. The car is great.
  • I picked up a black on black Lux w/ nav/ bluetooth and backup camera ,12k miles per year 36 months for 900 out of pocket (included first month) and $470/month. The $470 includes CT. tax. Very pleased so far with the car and got 32.7 mpg going 80-85 on my first 100 mile trip. Coming out of an M35X that got 14.5 MPG, and cost me $650/month, I could not be happier.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mel10021. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC 2.0T Sport with 10,000 miles per year are .00122 and 51%, respectively. When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, mpass. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC VR6 Sport with 15,000 miles per year are .00030 and 40%, respectively. When negotiating your lease on this car, make sure to take advantage of the $2,000 cash incentive that VW is currently providing on leases of it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello mel10021. Here's the info that you're looking for. 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 10,000 miles per year are .00122 and 51%, respectively. What you heard about the $1,000 cash incentive on leases of this car is correct.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi drg8cc. VW credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC VR6 Sport with 15,000 miles per year are .00030 and 40%. As you can see, this car's actual money factor is quite a bit lower than the one that you were quoted. Make sure to insist that the dealer uses the buy rate to calculate your payment.

    The $2,000 cash is still around.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mel10021. The monthly payment on a 48 month lease of a 2009 CC will definitely be cheaper than the payment on a 36 month lease. The exact difference will vary depending upon the price of the car that you're interested in, but we're probably talking about somewhere in the vicinity of $30 per month or so.

    If you really feel as though your life will not change over the next four years, i.e you won't have any children, your commute to work won't change significantly, you won't just get sick of your car, then leasing for 48 months might be an option for you. I personally try to limit my leases to 36-39 months.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, psl25201. I'm glad that you enjoy this forum so much. Let's take a look at the deal that you were quoted. The residual value that you were quoted is right on the money, but the money factor is missing a zero. I assume that the money factor difference was probably a miscommunication, but make sure that you are really being charged .00030 rather than .00300. There's a huge difference.

    The best way to get a good deal on a leased vehicle is to negotiate the lowest possible selling price on the vehicle that you are interested in. It's great that you know what this car's dealer invoice price is and about the available cash incentive, but are you being charged invoice? If not, how much are you being charged. Make sure to find out before finalizing this deal. Once you know, feel free to stop back here and let us know and we'll gladly tell you what we think,

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings nhbanker. Here's the details of the June program. Volkswagen 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.

    15,000 miles per year is the highest residual value 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 would be to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
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  • brino1brino1 Posts: 2
    I am considering a 36 month lease for the Luxury 2.0T Auto for $265/month, $4200 down. Is this a good deal? I have a 2001 Jetta 1.8T to trade that isn't factored in to the lease at this point. Is this a good deal? Any suggestions on negotiating? Thanks!
  • brino1brino1 Posts: 2
    Also, how do the Volkswagen Credit numbers affect my negotiation? Are those numbers that the dealer should be able to match? Should I be able to negotiate lower than the Volkswagen Credit numbers? Thanks for your help!
  • bvdj84bvdj84 Posts: 1,724
    If your looking at the payment to determine a good deal, well your looking at the wrong number. :) Look at what your putting down! That is a huge chunk of money.
    You must look at your sale price on the model, look at the lease terms, leave out your trade in until the last minute.

    You better love that lease, keep it the whole term, your already investing so much into it if you put that much down. Which defeats the whole purpose of signing and driving a lease. If the lease doesn't look good on a $0 down, perhaps its not a very good car to lease now.

    Just be careful, but be advised to not put that much down on any lease.

    Payment always look good in print, but reading the fine print, it quickly brings you back to reality. $1k=approx $25 off your payment.

    Good Luck!
  • vwgregvwgreg Posts: 22
    the only number that the dealer can tweak is the top line figure. the residual and the money factor are set by vw credit. just ask the dealer to show you the top line figure, the residual and the money factor. all the math should be transparent.
  • Does anyone know the Money Factor, Residual, for a 2009 VW CC VR6 4 Motion/w Nav and a 12k miles per year lease? Also what type of deals at or below invoice have been obtained on a similar car in South Florida?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi brino1. VWgreg is right, $4,000 is way too much money to put down on a lease. I always advise consumers to put as little money as possible down when leasing. People who make large down payments on leased vehicles risk losing part or all of them if their car is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you are much safer going with a zero down lease.

    The best way to evaluate whether this is a good deal is to look at the selling price that your lease is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price, it is difficult to tell how large a dealer discount you are being given. Let us know what the selling price is and I'm sure that either myself or another community member will be happy to tell you what they think,

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey brino1. Dealers do not have the ability to alter banks' published residual values. They cannot lower banks' published money factors either. Dealers are allowed from time to time to mark-up banks' published money factors to add additional hidden back-end profit to deals, but this sort of thing happens much more frequently at luxury brand dealers like BMW and Mercedes-Benz than at VW dealers.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mrstructure. 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 2009 CC VR6 4Motion with 12,000 miles per year are .00030 and 43%, respectively. When negotiating your lease on this car, make sure to take advantage of the $2,000 cash incentive that Volkswagen is currently providing on it.

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  • Hello,

    I am looking for the July 36 month lease money factor and residual value for an 09 CC Sport auto, 15000 miles.

    Thank you.
  • chiro444chiro444 Posts: 17
    Car Guy,
    Do you have the money factor and residuals for the 09 Luxury, VR6 sport and VR6 4 Motion?

    My lease is up in early October but I'm worried if I wait until then the $6000 plus $1500 incentives will be gone and I'll end up paying more money for a '10 CC. What do you think?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello stockman1021. Here's the information that you're looking for. Volkswagen Credit's current buy rate lease money factor and residual value for a 2009 CC Sport with 15,000 miles per year are .00152 and 47%, respectively.

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

    Car_man
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