Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
what is changing and when is it available. Also, is a passat fwd with good winter tires safer that 4 motion? if so, what winter tires would you recommend.
The best example of their customer relations was when I made an appointment 2 weeks in advance. They told me they didn't know how long it would take (fixing the radio again). I figured why sit there and tie up my time...so I dropped of my car the evening before my 8 AM appointment. At 1:30 the next afternoon I called to see if the car was ready. They said they hadn't started working on it yet I said, I had an early morning appointment, why hadn't they looked at it? There answer was I wasn't sitting there waiting for it..what difference would it make when it was ready? Of course, they said, I should know that this is their policy! I said, what is the point of an appointment and publcizing that you can drop off your car until midnite. Their answer was-don't get smart with us!
Where do you live ? That dealership is liked the one in Madison,WI....
I am not suggesting that VCI has a policy of negotiating residuals. But vwguild, by saying that VCI contracts are "binding," you seem to be saying that the lessee has NO OPTIONS. In fact, the lessee can completely ignore the whole residual thing and walk away from the lease at its end. At that point VCI loses a customer. Because customers can walk away, they have a degree of leverage. At that point, they can effectively turn the tables and offer to "buy" the car from VCI for a lower price than their residual. VCI may refuse such an offer, but the customer has the right to offer whatever they want to pay. VCI may say, "but you promised." Wrong. No one who leases promises to buy the vehicle at the end.
This negotiating strategy has nothing to do with California or binding contracts. At the end of the lease, people can offer less than the residual to the whomever they leased from. Period.
In a sense, this is a similar discussion to the one about paying MSRP. Dealers say: "This is the price." And, anybody who has half a brain says, "What if I don't want to pay that much?"
I leased a Civic in '96. At the end of my lease, the difference between my residual and the cost of an identical used Civic on the lot was about $2k! I could literally, turn in my car and buy the "same" car off that dealer's lot and save money!
Buying out that lease would have been stupid financially for me since the residual had been inflated so much. I have friends who have had similar experiences with leasing Hondas. It does make for nice low lease payments though. :-)
I lease specifically so I get a new car every 3 years and never have bought out my lease. If you plan on buying it anyway, then leasing it first is not a good way to go since you wind up "financing" that car for 6 or 7 years by the time you're done.
This certainly doesn't happen with everyone.
Because of this recent trend, we will see lower residuals, and therefore higher lease payments. People will be less inclined to lease, if the difference between monthly payments on leasing vs. buying begins to shrink dramatically.
VWguild, did I understand you correctly, however, that the dealer merely acts as agent for WV, and has to compete on the price for my turn-in, probably paying the true wholesale price? If so, I can see why my idea doesn't hold water.
On the question of negotiating the residual if I decide to buy the leased car: I think both vwguild and Snurple are making valid, but somewhat different points. 1) Yes, I have heard of one person negotiating down the residual in order to buy at lease end, but only on a Chewy, worth less than the residual worth; 2) No, I do not realistically expect to be able to do this with my vw, where the opposite is true.
Melech
Mr. Melech...This is not a game of chess...Your
Lease with VCI is a binding and legal contract.
Regardless, of the meandering and derisive posts
that are sometimes found here, the following are
the facts:
1. You have the right to pay off the the Residual
amount on your leased Passat; gain Title to it,
and Sell it for the Best Price that you can get
and keep the profit.
2. You can return the Passat to your VW Dealer and
Lease a New Passat.
3. You can pay off your Lease, the Residual amount,
and drive it till the cows come home.
If you elect option #2 the Dealer, at his discretion has the 2 options:
1&2 He can pay off the residual, keep the car,
and sell it as a used car, or simply return it
to VCI via the Auction System. It all depends
upon the condition of the car.
As I said in a previous post; you can not leverage
that which you do not own...why is that so hard to understand??? There is no competition involved.
The Residual is an actuarally computed Dollar value of the car in question...it is not a pull
it out of your *** number. Sir this is Banking...
this is business, this is NOT a day at the Leather auctions in Morocco.
Your VW Dealer will not bid or compete or pay wholesale...The dealer will pay the same amount that you would to take Title to the car...Which is why I advised you, several posts ago, that if you are interested in keeping the equity in your Passat; Buy it & sell it yourself. Just as the Dealer would...
Reread your last sentence in post #309 and you will understand all of the above...
vwguild may be insinuating that I was beaten by dealers as a child, but the fact is, he has every intention of containing this discussion within the confines of his dealer's negotiating handbook. The fact that you are "thinking outside the box" is to be commended! I think it is wise to ascertain any and all leverage that you may have at your disposal when shopping for a car.
The bottom line is this: a lease car is a rental. You have no more "benefits of ownership" than you do if you foolishly tried to seek equity in trying to trade in a Hertz car.
While this is an incredibly "oversimplified" example, it illustrates the fact that when you lease, you exchange "lower payments" for equity. You can not play both sides of the fiddle.
But, carguy5000, you're right about everything else in your post. Leasing is a bad financial move for most people.
on this matter.
History never once entered into the topic...we were addressing a current topic and what Melech
was suggesting doing in the year 2001; not 1985.
And for this particular topic, today is all that
matters. If you would like to discuss the history of this practice; open a new topic.
And on the same note...it is not a viable negotiating strategy with VCI in the year 2001,
where the Residual amount is considerably lower than Actual Cash Value.
Of course, as melech has noted, this was not really the central point of his query. See his #309 & my #311 for the issue of negotiating with the dealer at lease end. While he has zero, zip, nada equity in his vehicle, he does have a choice of where to take his business (returning his car/picking up another). This is always the best car buying advice--shop your buying power around and around.
It is not Sports Utility Vehicles.
And Paul, I am not so sure that shopping just for
price is always the best policy. I do believe that
finding the Dealer that is going to take care of you for the next several years is even more important. The one that will take care of you when
you REALLY need your car fixed quickly...the one that will step for a FED EX vs. UPS ground to make
sure that the part you need is delivered the next
day. That has a staff that is polite & kind. That has a Sales Staff that has been in place for years, and Service Techs for even longer.
I think it is unfair of you to be so mono-focal,
and simply look only at price. Cars today are sooo expensive...it is such a major investment that a customer has to look at the long haul as well.
Here in Monterey we are very fortunate; the Mercedes Dealer's Dad opened their doors in 1928
as a Packard dealer, Our Chevrolet Dealer has been
here for 25 years, the Audi Dealer has been here
since Pearl Harbor, and my store opened in 1960.
The Willingham's just sold the Jaguar franchise
last year after 50 years. There is a heritage & family committment here that has spoiled me, I must admit. But as important as it may be to get
a "fair price" it is just as important, if not more so, to be treated fairly and with the knowledge that once the customer commits to this major outlay that they will be taken care of.
Case in point: Our Passat went in for its first service yesterday as well as to fix the remote fuel door release that decided to retire after 3 months of outstanding service. The dealer had a loaner ('01 loaded up Golf) waiting, called me when the car was ready and explained the work that was done to the car when we got there to pick it up (as they were closing).
This dealer happens to be the closest of about 5 dealers in the area that we could have easily bought our car from.
The point is this: You must take service that the dealer will provide after the sale before signing the bottom line. That 200 bucks that you might save by shopping and buying 60 miles away will quickly be forgotten with one bad service experience!
I thought that you could have your maintenance / service done at any dealer !!
I went for 2 test drives at a dealer near to me. If I get a better deal at another dealer, I'd buy my car from there. Again, if the service at my nearest dealer is good, I'd get my maintenance done there - Choices! choices !! Dealers would frown upon the idea but the consumer will always go where the "best" is found .. Be it cost or service.
Dealerships make a lot of money off service, I doubt many care where the car was bought.
The odds of getting consistently good VW service are not so hot. Over the course of several years, any number of elements within a particular dealer's service department will change. Overpaying for a car because you think that you will get good service for as long as you keep the car is not too bright. An old friend once told me that, "A bird in the hand, is worth two in the bush." Shop for a good price, THAN shop for a good service department. vwguild's marching orders are to do everything he can to instill a sense of "customer loyalty." He knows very well that you will get your best price if you pit one dealer against another.
As for those alleged "perks" of buying from a dealer and having them treat you like royalty, you will probably get further by talking on a regular basis with those in your service department.
It's not like they teach you a secret dealership handshake that gets you the primo quality service when you sign on the dotted line
You do not need to waste your time
"pitting" one dealership against the next. You need to get your facts straight (invoice pricing, incentives offered etc) and calculate a fair price and present it to the dealer of choice. This way YOU are in control of the entire process. There is no magic in getting a great deal..it is all in the numbers.
If you understand costs and supply and demand, you are sure to get a realistic deal that you and the dealer can live with.
The body change is mostly a re-skin, but there are a few nice new features. I disliek the new chrome body strips... tacky IMO, yours may vary.
Slightly different looks on the inside too, with steering wheel mounted radio controlds, better cupholders, etc.
Did anyone upgrade the monsoon system ? I am still not satisfy with its bass. I don't want to put a large subwoofer inside my trunk. Is speakers and/or amp replacement able to give me a little bit more bass ? Thanks.
Amplified Bazooka Tube.
I am not very famaliar with car stereo stuff. Is it similar to a subwoofer or it is just an amp added to the stereo ? Thanks.
Shops; they will be able to help you...
What should I do?
What kind of synthetic oil should I use?
Erik
Im looking to lease a Passat very soon. I went in today to look at a VW Passat GLS sedan. This is the deal I came up with after some negotiating. I went with a 10k mile lease because thats all Im going to need. I would like to know if the following offer that I got is a "good" deal:
2001 VW Passat GLS
Leather package
Luxury package
Monsoon sound sytem
1500$ down (includes first payment)
39 month lease
10K miles per year
299$ monthly payments (does not include tax)
Please let me know how good of a deal this is. I need to make a decision failry quickly.
Thanks very much in advance,
David
I forgot to add that the 2001 Passat that was offered in the lease mentioned above had the Tiptronic automatic transmission.
Thanks.
David
as *What's New*... email your request...
I forgot to add that the 2001 Passat that was offered in the lease mentioned above had the Tiptronic automatic transmission.
Thanks.
David
Thanks again for ur help,
david
If you are considering waiting and leasing a 2001.5, I think that you will have to wait for some months before you could come close to the leasing deal you could get on the "old" model. It may be worth it, however, since there are some significant tweaks.
2001.5--2003 Passats will be considered B5.5's
2004--? Passats will be B6's
Accurate information on the "signifcant tweaks" to the new "facelifted" B5.5 Passat can be found at vwvortex.com Innacurate information is everywhere--so don't believe everything you read.
Information on the B6 "completely new model" is spotty at this point, though I think vwvortex has some information/conjecture...
I truly was reluctant to buy this used GAS with nearly 29k miles. But, I decided to.
What is the deal with these lights???
Why is the on board diagnostic so sensitive?
I tightened the gas cap this morning but who knows if it worked.
I called the used dealer I purchased the car from and he was able to set me up for an appointment this coming Monday am. The other WV dealer was booked through Feb 1!!!!!!!
I was also ticked to hear that the infamous 10/100k Powertrain warranty is only half that to second owners.
I am having second thoughts about this car already.
Please, any comments or advice on the engine light??????
Thanks,
Jim
my job...
Alan...The *A* and *B* designations that VW applies to it's cars has to do with the generation
of the frame.
The *A* designation is for Jetta/Bora/Golf; they
are all the same. The *B* designation is for the
Passat.
We are presently in the 4th generation of the *A*
frame; so all of the current Golfs, Jettas, and
Boras are A4 frames. The New Beetle rests on an
A3 frame, but with axles that are 30% wider.
The current Passat evolution is a *B*5, or the 5th
generation of the original *B* Frame.
The Next Generation Passat will not be a *B6*...
It will be a totally different car, a Passat
"variant" called the Concept *D*, or *D1*.
The scheduled debut of this totally new VW, for No. America is the 2002 NAIAS Show in Detroit; The International Launch will be at the Frankfurt Trade Show in October 2001.
The "D1" will be similar to the Audi A8 in it's
size, but the "D1" will not rest on an All Aluminum Alcoa frame like the A8, but will boast the same W12, 5.6L, 420HP engine, and in Europe
a variety of others. VWVORTEX.COM does profile the
"D1" under *News Archives* for October 1999...this car should retail for about $60,000USD
I hope that this has been helpful, and if you have any further questions; please do not hesitate
to ask here, or email me...
akin to closing the barn door after the cow is gone...I only say that because you admit to knowing that you have to do that because of the
Sensor.
As to the Warranty...It seems that you are blaming
the car, or VW...It has never been a secret that
the 2nd Owner gets a 5/50 less time and miles.
This Warranty has been the same since the 95/96
Model year cars. I would be really shocked if you
were to tell me that you REALLY expected to get a
10 Year/ 100,000 mile Powertrain Warranty on a
Previously owned car, of any manufacture...for free...or at any cost...Hellooooo
Towards the end of the report, he says of this new Passat's steering, "On the road, it's clear to me that Volkswagen engineers need to rework the Passat's steering. In its present form, it's over boosted and numb, unable to complement the more rigid chassis and sporty engines. With better steering, the new Passat can legitimately be called a 'sports sedan.'"
I was really surprised when I read this. I have been following the Passat since 1998 and this is the first time I've heard anything negative about the car's handling/ride/steering. In fact, I once heard the steering described as "perfectly weighted", or something to that effect.
Has anyone else heard anything along the lines of Hall's comments? If what he says it true, I hope that VW corrects this problem immediately and doesn't wait until the next model comes out. I was tempted to buy a 2001.5, but now I wonder if I should wait 6-7 months for the next model. For me, it would be worth the wait if I knew it was going to mean that the steering would be "perfectly weighted" instead of "over boosted and numb".