2013 and earlier Volkswagen Passat Lease Questions

CarMan@Edmunds

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volkswagen Passat. Thanks.

Car_man
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plug

Car_man:

The 3.6L Passat is due in the showroom in a couple of weeks. What will be the residual value and money factor for a 12K/year, 36-month lease?

Thanks.

CarMan@Edmunds

Hi plug. According to the latest information that I have seen, if you were to lease a 2006 Volkswagen Passat 3.6L 2WD through VW Credit prior to October 3rd for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00189 and 57%, respectively.

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plug

Car-man:

Thanks for the info.

CarMan@Edmunds

You're very welcome plug. Let me know if you have any other questions.

Car_man
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cllaw

Hi Car_man

I'm interested in getting a 2 years/10,000 miles lease for a 2006 Passat 2.0 T with package 1. The MSRP is 27,215 and I expect to pay the taxes up front. Do you know what figure I should consider reasonable? I will appreciate your answer

Thanks a lot

Alex

chips_n_salsa

Hi,
My current offer from a dealer in NC is as follows:
2006 Passat 2.0T with Package #2, Dynaudio, and upgraded wheels.
MSRP is approx 29800.
24 month lease, $1000 down, 15K/year : 430/mo
36 month for 350/mo

Is this a good deal, or can I do better?

Chips

CarMan@Edmunds

Hello Alex. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the Passat that you are interested in for you if give me an approximate selling price for it. You should be able to get an idea of how much you will have to pay for one by visiting the following discussion: "Volkswagen Passat: Prices Paid & Buying Experience".

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CarMan@Edmunds

Hi Chips. As I just mentioned to the previous poster, I really need to know the selling price of the car that you are interested in to tell you if this is a good deal or not. This is because the selling prices of leased vehicles are negotiable, just as if you were paying cash for them. Without knowing the selling price you don't know how large a discount you are being given. Furthermore, I need this vehicle's selling price to calculate a sample lease payment using VW Credit's actual lease program that we cam compare to the payment that you were quoted. Ask the dealer what the selling price is and let me know. Thanks.

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cllaw

Hi car man:

I got an offer from my dealer
30 months 10,000 miles
MRSP 27,215
Selling Price: 26,600
Residual:17,145
0 Down and pay all taxes and title upfront 2,370

Do you think it is a decent deal. My goal is to talk down the price to 26,500 which is about the listed price at edmunds.com.

I will appreciate if you can kindly let me know whether it is a good deal

Thanks

Alex

traydog1

Hi car_man,

I am in need of help leasing my first car and I don't know what questions I need to ask. I have poor credit and needed a cosigner to deal with the VW bank. I was quoted on a passat 2.0t for 46 months a high monthly payment close to $400 with no money down just the first payment. 15,000k a year. I was reading what you suggested and I need to get the sale price on the car, what else should I ask for and can I get back to you tomorrow for help.

Thanks,

Tracey

cllaw

Hi Car man:

I'm sorry but I forgot to mention to you that the monthly lease payment is $353 per month for 30 months. with that in mind, you do think I should go for it?

Please let me know and many thanks in advnace

Alex

nick_metro

Alex,

Just an FYI. I was offered a 2.0T with pkg 2 and AT, MSRP $28415 for $300 over invoice. The lease was for 30 months, 15k per year and came to 360/mo with 1194 out of pocket (bank fee, MV, docs, and 1st pymt) Residual was 61% and the MF 0.0008.

Hope this helps!

Good Luck.

-Nick

dl7265

1.9% int and 61% residual on 15k a year is awsome.

kyfdx

The money factor is great... but that 61% residual is on 30 months, not 36 months..

Still not bad.... but, not fantastic....

regards,
kyfdx
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chips_n_salsa

Car_man,

Sorry for the inconvenience... The dealer is discounting the car $2,000 from the msrp of $29,800. (pkg 2, dynaudio, upgraded wheels). Including tax, and total due at signing is $1000. 15K/year lease for $430 for 24 mo or $350 for 36 mo.
Think I can do better?
Thanks,
Chips

traydog1

I need help with my first lease and I want to make sure I get a good deal.

MSRP 23,900
Package 1 $1625
No rear air bag

Total 27,215

The triptronic is standard in all Passat's? 6 speed $1,075

The car salesman told me that my payment would be first month payment, no money down and plate no more then $500-600 due at signing.

I was told because of my credit, I needed a co-signer to deal with VW Bank. This was for a 4 year lease 15,000 miles. Payment was in the high 400's. Is the total price a good price? What can I do to get the total price down? Can someone help me! Everyone else is paying less and the leases are for a shorter time period?

Traydog1

traydog1

2006 Passat Pkg1

MSRP 23,900

Package 1 $1625
no rear air bag
6 speed triptronic is this standard? $1,075

Total 27,215

Wanted to know what I should do to get the total price down.
The salesman is quoting me in the high 300's because of credit. Also the lease is for 4 years at 15,000 miles. No money down just first month payment and plates. I didn't ask if tax was included I'm trying to get a quote right now at another dealer because I made some mistakes at this one. What can I do to lower my payment any suggestion would be appreciated.

Thanks,

Traydog

CarMan@Edmunds

Hello Alex. A base 2006 Volkswagen Passat 2.0T has a difference of just under $2,000 between its MSRP and dealer invoice. You are being given a discount of $615 on this car. I know that the Passat is a new model that has been fairly well received by the general public (I personally think that it is an outstanding car - though I wonder what its reliability will be like), I would not be surprised if you were able to get a larger discount than this by negotiating with your current dealer some more or by shopping around. You may want to stop by the following discussion for additional feedback on this car's selling price: "Volkswagen Passat: Prices Paid & Buying Experience".

You never mentioned what sort of monthly payment you were quoted for this lease. If you let me know, I will tell you what I think of it.

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CarMan@Edmunds

Welcome Tracey. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

As you have already read, you definitely need to know what your car's selling price is. Regardless of what your credit is like, you can negotiate the selling price of the Passat that you are interested in just as if you were paying cash for it. It would be helpful if you were able to find out this car's full MSRP (including the destination charge) as well. This will enable you to see how much of a discount you are being given and we can use it to calculate a sample lease payment.

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CarMan@Edmunds

Ah ha, Alex, I should have read ahead. OK, so you were quoted $353 per month for this car. Let's calculate a sample lease payment on it using the information that you provided and see what we come up with. According to my calculations, if you were to lease a 2006 Volkswagen Passat 2.0T (not the Value Edition) with an MSRP of $27,215 and a selling price of $26,600 through VW Credit right now for 30 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $335. As you can see, the payment that I came up with using VW Credit's actual lease program is a little lower than the one that you were quoted. You mentioned that you are paying tax and title up front. Are you paying a security deposit and VW Credit's $575 acquisition fee at signing as well. If so, I would want an explanation from the dealer why their payment is higher if I was in your situation. Also, don't forget to haggle on the selling price a little more. Good luck and let us know how everything turns out.

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CarMan@Edmunds

Don't worry about it, Chips, community members leave this sort of information out of their posts all the time. OK, so you are interested in leasing a 2006 Volkswagen Passat 2.0T (non-Value Edition) with an MSRP of $29,800 and a selling price of $27,800. The selling price that you were quoted for this car looks reasonable to me. Let's work up a lease payment on it using VW Credit's actual lease program and see what we come up with. According to my calculations, this car's zero down, pre-tax monthly payment for a 24 month, 15,000 mile per year lease through VW Credit should currently be around $395. With a $1,000 capitalized cost reduction, the payment would drop to around $352, which is a lot lower than the 430 per month that you were quoted. For a 36 month lease, I come up with a zero down payment of $330 and a $1,000 down monthly payment of $302. As you can see, the payments that you were quoted look a little high to me, assuming that you are paying a security deposit and VW Credit's $575 acquisition fee at lease signing. Make sure that the dealer that you are working with is using VW Credit's buy rate lease money factor of .00065 to calculate this car's monthly payment.

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CarMan@Edmunds

Hey Tracey. I just responded to your previous post in message #21. You really need to find out the exact selling price that you are being charged for this car. Without it, they could be charging you full MSRP for the Passat that you are interested in and you would never know. You should be able to get a good ideas as to what sort of selling price to expect to pay by visiting the following discussion: "Volkswagen Passat: Prices Paid & Buying Experience". Making sure that you can negotiate an attractive selling price is the most important thing that you can do right now. Your credit issues make it difficult for me to estimate what your lease payment should be like on this car, but once you have the selling price info stop back and I will try to give you my opinion on your deal.

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traydog1

Thank you Car_man! I'm going to read the articles you suggested and also work on getting the full MSRP( including the destination charge) and get back to you asap.

Thank you,

Tracey

traydog1

Car_man,

I called 8 dealerships and the best sell price I got was 26,025 for the passat (no-value edition) pkg 1. What should my lease payment be around. For 3 years and 4 year 15,000 miles. Should I go with this one?

Another sell price I got for the Passat 2.0t package 1 + winter pkg was 26,195. This dealer is running a application.

Thanks,

Tracey

nvnick

Car_man,

Do you have October MF and residuals for a 36mo, either 36k or 45k lease? I'll use Edmunds lease calculator once I have quotes. In checking the prices paid forum, hard to believe people are getting near invoice on a German model just introduced what, in August...guess that is what happens when you put a $2k premium on a car that competes with the Accord. May the deals go to those informed consumers!

birdboy

please could someone tell me...I have always bought my cars and think this time I might try leasing. I crrently havew an 02 passat. How does leasing work with a trade in? Can one trade in on a lease. I own the car.. Thanks

fsufan

CarMan, What are the residuals and money factor in October for Passat 2.0T for 36 month lease for both 12k per and 15k per?

CarMan@Edmunds

You're very welcome Tracey.

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CarMan@Edmunds

Tracey, it is difficult for me to tell how good the prices that you were quoted for these cars are without knowing their full MSRPs. Furthermore, I need their MSRPs to calculate the lease payments that you requested. If you know exactly how these cars are equipped, you should be able to figure out what their full MSRPs are by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. Let me know and I will let you know.

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CarMan@Edmunds

Here is the information that you are looking for nvnick. If you were to lease a 2006 Volkswagen Passat 2.0T Sedan through VW Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00137 and 57%, respectively. The factor for an otherwise identical lease with only 12,000 miles per year would be the same, but its residual value would be 2% higher.

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CarMan@Edmunds

Welcome birdboy. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

You definitely can trade in your current vehicle when you lease your new one. It would be in your best interest though to have the dealer that you are working with cut you a check for your trade rather than applying the proceeds from it as a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Passat would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.

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CarMan@Edmunds

Hello Mr. Seminole. I would be happy to help you out. Actually, now that I think about it I just answered the exact same question for another community member two posts ago in message #32. Check there for the info that you are looking for and let me know if you have any other questions.

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dcgaber

I am looking at Passat 2.0 pkg 1 with dynaudio system. I have been offered a 3 yr lease of 396/month with 1,000 down for 15K miles or 368/month with 2,000 down and 15K miles. I am not concerned about the residual as I am not planning on keeping it beyond then.

Can I get better or is this about as good as it gets? I am not going to nitpick over $5 or $10 per month, but if I can get the down payment lower, or a significant lower monthly, I would like to hear about it.

Thanks!

Can't wait to drive my new passat!

jefferyg

Car Man,

We just bought our 2.0T using the driver's option and with what we got for our trade, it made the payment less than $330/mo for 36 months. Our balloon payment at the end is about $1000 higher than the 57% residual on a lease, but we paid nothing out of pocket on the front end.

When I plugged the numbers from our purchase including the trade difference into the lease formula on Edmunds.com the lease payment was $1 higher than our payment on the driver's option - and that was before taxes.

Also, just for kicks I figured what our payment would have been using your numbers from post #32 and paying no money down. The payment would have been 363.88 for 36 months before taxes with the residual being $15,512. This also does not account for security deposits and acquisition fees.

At the end of 36 months we have the option to purchase the car, refinance, trade, or turn it in. I know if we turn it in there will possibly be some fees we will have to pay, but we will most likely trade.

If you can buy a car in such fashion, is there really any advantage to leasing?

VW Credit has a little information on their website at link title.

What's your take on this?

Thanks,
Jeff

fsufan

Car-Man, I went to a dealer in NJ today who told me that there is a special regional program in the state to help dealers move 2.0T Passats. He stated it was $750 customer cash on leases and that there were only 12 dealers in NJ that were participating in this program.

However, the money factor he quoted was .001520 and the residual was 57% for a 36 month 15,000 mile per year lease. My question is would there be a different money factor under this program or is he just marking it up. Is the customer lease cash back really $750 or is it more. And is there a way to find out who the other dealers are that are participating in this program. He also said it was ending this Monday. Is there any way to know whether it will continue into next month. Thanks for any info you can provide.

danpa

Hi, Can someone post the current (till end of Oct., I think) lease rates for the 2006 Passat? Or point me to where I can find them?

Thanks,
Dan

kyfdx

Check message #32 in this forum..

Message #32

regards,
kyfdx
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danpa

Thanks very much. I should have been clearer in my message.

I'm looking for lease rates for 10,000 miles (or 8,000--is that an option?) per year for 36 months. I'm also considering 24 months, or 48 months. This info was not in msg. 32.

Also, do you (or anyone else) these rates change much month to month? Is it better to strke a deal now, when the sales force is attempting to move vehicles before end of month or to wait until Tuesday when the money factor might change for the better?

Thanks,
Dan

bbooze

Car_Man,
I am going to be shopping for a 2006 Passat soon and want to know what sort of money factor and residual value I should be looking for. I ran a 2006 2.0T with Package #2 and cold weather package on edmunds and came up with a TMV of $28,263 and MSRP of $28,919. I am looking for a 36-month lease. Before I go in, can you tell me what money factor and residual I should be looking for. I have decent credit. Also, is that TMV what I should be looking for as a final negotiating price (realistically).

tlabrie

car_man,

Do you have the money factor and residuals for the 6cyl FWD Passat? 24 and 36 mths for 15k/yr. Thanks.

danpa

the lease numbers for Nov. would be great if anyone has them.

danpa

A sales manager at a local dealership told me this evening that the Money Factor has increased for 12-36 month leases (good credit) from 0.00137 (3.288%) TO 0.00184 (4.416%).

Can anyone confirm this, or add further info, such as more details on lease options or genuine November incentives?

I was quoted by phone the Money Factor on 1 Nov. of 0.00137 and am now being told that there is no negotiation, with respect to the new MF--they use whatever VW Credit provides.

It's a significant hike and adds $20/month to a 36 month lease ($720)!

phoebeart

I just was quoted the following lease price on an 06 passat 2.0T (package #2):
$350/mo. for 36 months, 12K miles per year with $2,100 down (includes all.) Selling price on the car is $27,197. Does this sound like a good deal??

Appreciate your thoughts.

Phoebe

danpa

current lease numbers (Nov.) are here:

http://forums.vwvortex.com/zerofile/2184/PassatLeaseNov.jpg

danpa

Selling price isn't bad, but closer to invoice, and $500 loyalty money would make it a good deal, in my view.

_carrera

what would be a good lease price on a 2006 Passat 3.6 with sport pack #2 and msrp of 38K?

Thanks!

nvnick

Found this @ Roadfly.com

Manufacturer Captive Lease Programs – Effective 11/3/2005

2006 Volkswagen Passat 4dr Sedan 2.0T Base

24 mo/15k mi - 67% residual – Money Factor .00184 Base Rate
36 mo/15k mi - 63% residual – Money Factor .00184 Base Rate
48 mo/15k mi - 57% residual – Money Factor .00184 Base Rate
60 mo/15k mi - 50% residual – Money Factor .00221 Base Rate

2006 Volkswagen Passat 4dr Sedan 2.0T Pkg 1

24 mo/15k mi - 64% residual – Money Factor .00137 Base Rate
36 mo/15k mi - 57% residual – Money Factor .00137 Base Rate
48 mo/15k mi - 51% residual – Money Factor .00180 Base Rate
60 mo/15k mi - 43% residual – Money Factor .00338 Base Rate

2006 Volkswagen Passat 4dr Sedan 2.0T Pkg 2

24 mo/15k mi - 64% residual – Money Factor .00137 Base Rate
36 mo/15k mi - 57% residual – Money Factor .00137 Base Rate
48 mo/15k mi - 51% residual – Money Factor .00180 Base Rate
60 mo/15k mi - 43% residual – Money Factor .00338 Base Rate

2006 Volkswagen Passat 4dr Sedan 2.0T Value

24 mo/15k mi - 64% residual – Money Factor .00137 Base Rate
36 mo/15k mi - 57% residual – Money Factor .00137 Base Rate
48 mo/15k mi - 51% residual – Money Factor .00180 Base Rate
60 mo/15k mi - 43% residual – Money Factor .00338 Base Rate

For the above add 2% to residual for 12k mi/yr and 3% for 10k mi/yr

danpa

And in message 46 I point to other numbers that seem to find acceptance at vwvortex.

Can someone break the tie? Moderator? Car_man?

Also if someone had the residuals and Money Factor for new 2005 Wagons and Sedans that would be most helpful.

danpa

Nvic, I think these numbers are just plain wrong. They look closer to the Oct. numbers.

Also, can you provide a pointer to where you found them? Went to web site you reference and found no reference to them.

nvnick

If you think they are just plain wrong, why would you want to visit the site? jk

Try choosing "message boards", then "financing & leasing message forum".