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2013 and earlier Volkswagen Passat Lease Questions

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  • zootvzootv Member Posts: 1
    Hello,

    I was at a VW Dealer today looking at the Passat 3.6 - Car had a sticker of 33955. Dealer gave me lease MFs at .00138 and .00176 for 36 and 48 months respectively - these seem a little high.

    What are the october MFs and Residuals on the 3.6 SEL?

    thanks
  • cooperj112cooperj112 Member Posts: 7
    Mr. Car_Man

    I was wondering if you could help me out with the MF and residual for a 2012 Passat SE for 3 years at 12K and 15K miles. I am in Florida. Also, it seems that prices are dropping like crazy for the Passat, any reason for this? Should I buy now or wait?

    Thanks in advance for your help.
  • poppyalpoppyal Member Posts: 10
    cooperj112. Please provide an example of the prices dropping like crazy for the Passat that you are seeing in Fl? I am aware that $200 over invoice with a $1,000 incentive was a relatively good deal last month. An SE with auto for 36 mos with 15 K per year could have been had for under $300 w/o state tax.
    What are you seeing now?
  • cooperj112cooperj112 Member Posts: 7
    I have been quoted pricing for the SE models at around 12-14% off MSRP
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi cooperj112. Volkswagen Credit's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat Sedan SE with 15,000 miles per year are .00049 and 54%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
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  • cooperj112cooperj112 Member Posts: 7
    Thanks alot Car_Man
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem cooperj112.

    Car_man
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  • nhbankernhbanker Member Posts: 21
    Car Man,
    VW has their Sign & Drive lease promo going on now. Could you please provide the MF and Residual for a 36 month 15000 mile lease for both the 2.5L SEL model and the 2.5L SE with Sunroof model?
    Thank you!
  • rykylexrykylex Member Posts: 1
    Hello Car Man,
    Any info on tiers lower than top. I have just started negotiating. Was quoted; $2500 down, $254/ month for an $18,000 base model Passat.
    I do not know money factor and residual. The down is a lot, was told due to lower credit(credit is low).
    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, nhbanker. Volkswagen Credit's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat 2.5 SEL with 15,000 miles per year are .00117 and 52%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '12 Passat 2.5 SE with sunroof are .00074 and 54%.

    Car_man
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  • ineedacar42ineedacar42 Member Posts: 2
    was just quoted $350 a month w zero down drive off.... good deal?
  • carlovahcarlovah Member Posts: 1
    Looking for a good price on the v6 SE passat for lease... excellent credit, 10,000 mi, 36 months, Florida. What do I need to know to negotiate the best deal? Anyone wheeled and dealed recently? Thank you!
  • km38iakm38ia Member Posts: 16
    What's the money factor and residual for a 36 month lease w/ 12k a year

    what would the monthly payment be with 0 drive off

    I tried to use the lease calculator but not sure if i'm putting in the right numbers. Do i take the residual percentage and multiply by the msrp? selling price? or is it the remainder of the residual?
  • ddavid1101ddavid1101 Member Posts: 10
    Hi Car-man,

    Do you have the MF and Residual value for 36mo lease 2012 Passat 2.5SE with 10K? Let me know. Thanks!
  • alexbpmalexbpm Member Posts: 1
    Carman, you have helped so many in this thread. Thank you. I am a first time leaser, and trying to educate myself. I have waited for December to make a purchase just a few days before the end of the year to negotiate the best deal!

    2012 2.5L Passat SE w/Sunroof & Nav

    MSRP: $25,200
    36 mo lease
    I have $1000 downpayment
    700 Fico Score

    What can I expect to pay? Are dealers still offering cash back and knocking off $2000 off like months past? Thank you Carman! And please forgive my limited understanding of these leasing terms.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi carlovah. It sounds as though you may be new to leasing. If so, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Km38ia, VW Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Jetta Sedan 2.5 SEL with 12,000 miles per year are .00117 and 54%, respectively for consumers who qualify for its top credit tier.

    Yes, vehicles' residual values are multiplied by their full MSRPs, including the destination charge.

    If you provide me with this car's MSRP and selling price, I'd be happy to calculate a payment on it for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ddavid1101. Volkswagen Credit's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat Sedan SE with 10,000 miles per year are .00049 and 57%, respectively for consumers who qualify for its top credit tier.

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

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome alexbpm. If I was in the market for this car right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,000 cash incentive that is available on leases of it.

    This car's payment will depend upon what sort of selling price you are able to negotiate. For the purpose of this estimate I will assume a $1,000 dealer discount and the $1,000 cash incentive are deduced. Let me know if you want me to make a different assumption.

    According to my calculations, if you were to lease a 2012 Passat Sedan SE that has a sunroof, navigation, an MSRP of $25,200 and a capitalized cost of $23,200 through VW Credit right now for 36-monthw with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $299.

    Car_man
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  • 1080pete1080pete Member Posts: 3
    I need help with my lease? I have 3 1/2 months left on my 09'' jetta se w/sunroof & I'm at 60,000+ miles on 48,000 @ 15 cents per mile. Negotiated 12'' passat s 2.5 liter to $349 per month with four hundred down for 48 month lease w/15,000 a year. I don't know anything about how the residual value works or leasing prices in general for that matter. Please give me some helpful advice? Credit is great but it's the buy out thats killing me. Thank you
  • km38iakm38ia Member Posts: 16
    On the 2.5 SEL the sticker was 29k.
    on a 36 month lease with 12k a year, they quoted me 0 drive off at 399 a month including tax.

    What does your payment come out to with the money factor and residual?
    I was hoping to get the car today if i can go lower than that.

    Also, we currently are leasing a VW CC which we got last year. Is there a loyalty program to lower my cost?

    Thanks again
  • cheesemacaronicheesemacaroni Member Posts: 1
    I keep seeing a reference to a $1000 incentive on Passat leases, here. Does that apply to TDI models as well?

    What is the residual and money factor for a 36 month 12,000 mile lease on a Passat TDI?

    Thanks
  • beetlemania2beetlemania2 Member Posts: 3
    I'm sorry but I'm very confused. You indicate that a Passat 2.5L SE with sunroof and navi has an MSRP of $25,200? My information indicates that a regular Passat SE (w/o roof or navi) is over $25,800. Am I misunderstanding something?

    Also is the cash incentive publicized anywhere or do you just have to tell the dealer? They certainly won't offer the information.
  • dhkhandhkhan Member Posts: 30
    The MSRP of a 2012 Passat SE w/sunroof & navi is $27,565. It is typically sold with the $235 may set for a sticker price of $27,800.

    You can check this buy doing the "Build Your Own" on the VW website.
  • dhkhandhkhan Member Posts: 30
    Got my Passat lease yesterday, based on the following:

    Location: Colorado

    MSRP: $26,630 (Base price 25,625, Mats $235, Dest. $770)

    Selling Price: $24,930 (was originally quoted $25,445, which is $100 over invoice, but negotiated them down)

    Residual: 56% Money Factor 0.0074 (I was expecting 0.00049, but they said that was for the base SE, but I got a high trade in so didn't care).

    Got a $1,000 rebate, and $1,250 trade cash for a total $2,250 cap reduction.

    So Capitalized cost: $23,795

    36 months, 12,00 miles per year and and Residual: $14,913

    Monthly Payment before tax: 271.92

    $0 cash OTD, as they covered sales tax on cap cost reduction, etc. under the $0 OTD lease promotion. (Couldn't figure how this worked, but I was just happy with this deal to not bother asking).

    A big thank you to Car_man and all the forum members for sharing their experiences. Took me about 2 weeks of research on the internet and negotiating to get this deal.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi 1080pete. It would be helpful if you could provide us with the MSRP and selling price of the Passat that you are interested in. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers it is more difficult to tell how large a dealer discount you are being given...and in turn if there is any room left to negotiate. Let us know and we'll tell you what we think.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi cheesemacaroni. Great username :). Unfortunately, the $1,000 cash incentive that Volkswagen is currently providing on leases of the Passat is not available on Diesel models.

    According to the latest information that I have seen, VW Credit's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat TDI with 12,000 miles per year are .00167 and 59%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi beetlemania2. I just used the MSRP that the poster I was replying to provided me with. You can look up any vehicle's MSRP over in the New Vehicle Pricing section of Edmunds.com.

    I'm not aware of any publication that talks about the $1,000 cash incentive on leases of Passats, but it definitely exists.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, dhkhan. Thank you for taking the time to stop back and share the details of your lease with everyone. Enjoy your new ride :shades: !

    Car_man
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  • 1080pete1080pete Member Posts: 3
    Thanks Car_man, but I already got the car. I had help from kydfx and I’m pretty happy about my deal. I could post the information if it will help others?
  • pmenes00pmenes00 Member Posts: 1
    I just got a VW Passat S for $230 a month w/ 500 down - this is with all taxes and fees included. 36 months/36k miles. 1st payment is included as well.

    Do you think this is a good deal?
  • 1080pete1080pete Member Posts: 3
    Looks good to me. I put $400 down for a 3 year 45k miles and I’m paying $349 but I had $2k in mileage plus three months of payments left on my previous lease. Looks like I could have done better.
  • sk2345sk2345 Member Posts: 1
    Car_man,

    Can you please provide VW Credit's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat S Automatic with appearance with 12,000 miles per year?

    Thank you so much in advance.
  • adventurer2adventurer2 Member Posts: 2
    I'm interested in a Passat SE auto with sunroof and navigation. What is the residual and money factor for a 36 month, 12k miles/year lease for tier 1 credit? Thank you in advance!
  • foosman9469foosman9469 Member Posts: 14
    Thanks Car_man and others for your help. Pulled the trigger today after looking at Accord, Camry, Sonata, Optima, Mazda 6, Passat. Here is a breakdown of the deal:
    36 month 15k/yr lease for $316.07/month
    First month paid by VW due to sign and drive event
    $0 out of pocket
    I could have opted for a 36 month 12k/yr for $302/month

    MSRP $25865 (SE automatic + $235 car mats + $35 first aid)

    Invoice = $24,763 (excluding first aid kit, which I have no idea on invoice cost)
    Lease acquisition = $625
    Other fees = $276 (doc fee, title, licensing, pin striping, first aid kit, etc)
    minus $1,000 lease incentive
    Cap cost = $24,664
    Residual = 54%
    MF = .00049
    Due to tax credit incentive, there is no sales tax added to the cost. Several dealers wanted to charge an additional $295 as a tax credit fee; however, in the end they dropped it.
  • enpostenpost Member Posts: 3
    Hi,
    I am helping my dad negotiate a lease deal but i have never leased before. I understand one must negotiate selling price before going into lease however it also appears that there is a $1000 dealer cash that only applies to lease deals.

    Could anyone give me an idea of a good of what numbers we might want to get to? He only needs 10k miles a year on a 36 month lease and he's flexible about amount of money down. Wants to do whatever is most advantageous. I believe the invoice on this model is $25, 690. Many thanks.
  • goodylb51goodylb51 Member Posts: 1
    I am looking to lease a V6 passat with sunroof. I have excellent credit and am only looking to pay first month and DMV fees when picking up the car.

    What is a good monthly price for this car. Sticker puts car at 29k. I was thinking after rolling in the taxes and title fees into tthe payment, between $310 and $330 would be doing well.

    I have no vehicle to turn in or hand over.

    What do you think?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi 1080pete. Please do share the details of your lease with everyone. The more info the merrier!

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi sk2345. Volkswagen Credit's January buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat Sedan S with the appearance package and 12,000 miles per year are .00011 and 56%, respectively for consumers who qualify for its top credit tier.

    Volkswagen is currently providing a $1,000 cash incentive on leases of this car.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi adventurer2. Volkswagen Credit's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat Sedan SE with sunroof, navigation, and 12,000 miles per year are .00040 and 55%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome foosman9469. Thanks for taking the time to stop back and let us all know how everything turned out. Enjoy your new ride :shades: !

    Car_man
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  • km38iakm38ia Member Posts: 16
    Hey Car_Man,
    I'm looking to lease a VW Passat SEL w/ a sticker of 29,400
    I want to do a 0 drive off with a lease for 36 months with 15k miles a year
    With top tier credit, what would my payments be?
    We currently lease a CC, is there a loyalty program?

    With the payments, if you can add the residual, money factor, and other incentives that make that payment.

    Thank You
  • maxlevmaxlev Member Posts: 86
    Hello Car Man,

    Any word on what dealer incentives will be for February? Looking to lease a 2.5L SE w/Sunroof this month. 36 months, 10K miles per year. What are the residuals, money factor, and incentives? Sign and drive still around?

    Thanks.
  • bhggnbthmbhggnbthm Member Posts: 9
    Foosman9469 - you mind telling me where you got that deal? That's the same car I've been looking for and is approximately the same amount I wanted to spend.

    Thanks.
  • chrisch70chrisch70 Member Posts: 46
    Looking to lease a 2012 Passat 2.5L with Sunroof & NAV for 36months and 15k miles per year.

    What are the residuals & money factor in this case?
  • chrisch70chrisch70 Member Posts: 46
    Just looked at the website and they offer a 2012 S w/app for $219 per months. In the fine print it says"Requires dealer contribution of $1,419, which could affect final negotiated transaction. " I also saw on cars.com a cash back offer of up to $1,500 and edmunds lists a $1,000 lease contribution.

    Can one claim the $1,000 lease contribution on top of the "$1,419 required dealer contribution" or do they offset each other?

    And what about the cars.com cash back offer?
  • mgkaganmgkagan Member Posts: 10
    Car_man,
    Can you tell me the MF / Residual for a Passat SE with 12k miles per year (no nav or sun roof) for February 2012? Is it the same as what you quoted earlier at .0004 and 55%?

    Is the $1000 lease cash still in effect? Do you know if they are doing any President's day specials?

    Thanks,
    MGK
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello maxlev. Volkswagen Credit's February buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat 2.5L SE with sunroof and 10,000 miles per year are .00040 and 56%, respectively for consumers who qualify for its top credit tier.

    Volkswagen is currently providing a $1,000 cash incentive on leases of '12 Passat SE models.

    The Sign and Drive offer is no longer available.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi chrisch70. Volkswagen Credit's February buy rate lease money factor and residual value for a 36-month lease of a 2012 Passat 2.5L SE with sunroof, navigation and 15,000 miles per year are .00040 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi chrisch70. Volkswagen is currently providing a $1,000 cash incentive on leases of the 2012 Passat S with the Appearance package. It's difficult to say exactly how large a dealer discount you will be able to negotiate on top of that in your area, but if I was in the market for this car right now I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,000 cash incentive. You can look up the invoice price of the exact car that you want by stopping by the New Vehicle Pricing section of Edmunds.com.

    Car_man
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