What is a good purchase price on a Passat SE with Tech. Dealer is offering 27,500. That seems high with the incentives that are being offered. Any input would be appreciated.
So if the MSRP with destination charge is $30490 a reasonable selling price would be $23441(10% plus incentives) correct? Also can you get 0% financing when incentives are applied?
I have my eyes set on the '18 2.0T Passat SE w/ Tech for a lease. I'm slowly understanding money factor but I shook their hands at $350/month w/1965 due at signing, but it was late and I didn't do any paperwork or leave a deposit. MSRP is $30,680, "selling price" is 27,680 before the VW $1k rebate. I feel like they can do wayy better. Could anyone guide me please? I'm the in the Chicagoland area and it's suburbs by the way, 60025
I have my eyes set on the '18 2.0T Passat SE w/ Tech for a lease. I'm slowly understanding money factor but I shook their hands at $350/month w/1965 due at signing, but it was late and I didn't do any paperwork or leave a deposit. MSRP is $30,680, "selling price" is 27,680 before the VW $1k rebate. I feel like they can do wayy better. Could anyone guide me please? I'm the in the Chicagoland area and it's suburbs by the way, 60025
that's a horrendous quote - did you sign anything? shaking hands is not a contract obligation where did they apply the lease cash?
Are you in Chicago proper? If so, there are both city and state taxes to be paid, which will grossly inflate any lease payment quote you get. (something like 17% total, IIRC).
The "capped taxes" are those from the state, and are added into the CAP cost. Chicago then taxes the calculated monthly payment with their tax rate.
Ouch! double whammy do you think the 1435 is the sum of state/city or not? in any event, with a super low MF it makes sense to not put any money down and request a zero driveoff quote
looks like Jennings VW (Glenview) and they have 11 of the exact car in stock. easy 10% off before incentives
Ouch! double whammy do you think the 1435 is the sum of state/city or not? in any event, with a super low MF it makes sense to not put any money down and request a zero driveoff quote
looks like Jennings VW (Glenview) and they have 11 of the exact car in stock. easy 10% off before incentives
State tax should only be about $1000, at most. Unless, there is a local sales tax on top of that. Chicago taxes the payment, so if that were the case, it wouldn't be in that number.
Assuming 36/10, I get $366/mo, with just first payment due at signing. Looks like they might be marking up the money factor.
The CAP tax number seems high, with IL tax about 7.2% on the sum of payments. Should be closer to $1000 tax. (unless you have a local sales tax of some kind?) With a $1600 dealer incentive, $3000 discount doesn't seem all that great.
I think your selling price on a lease is optimistic.. Those advertised prices from VW dealers are low, because they are only good with marked up financing.
Plus, Bill Marine is lucky to have 15 VWs in stock, total...
I didn't sign anything no, and I live in Cook County Chicago suburbs, not in the city where the rate goes up even more. Also this is for a 3yr/36k lease and this dealership doesn't have any addendums that they add to the price.
Here's my math and be honest with me guys, can it be done or am I asking for too much? 3years|36k miles MSRP:$30,680 30,680+9%(tax, title license, and I'm being generous) =33441.20 - 1000(VW rebate) = 32441.20 * .42(The % I want to pay for the MSRP of this vehicle) = $13625.30 - 2000 down payment = 11625.30 \ 36 = ~323/ month
Am I doing any of this right? Could I get a better deal? Thanks in advance again
I didn't sign anything no, and I live in Cook County Chicago suburbs, not in the city where the rate goes up even more. Also this is for a 3yr/36k lease and this dealership doesn't have any addendums that they add to the price.
Here's my math and be honest with me guys, can it be done or am I asking for too much? 3years|36k miles MSRP:$30,680 30,680+9%(tax, title license, and I'm being generous) =33441.20 - 1000(VW rebate) = 32441.20 * .42(The % I want to pay for the MSRP of this vehicle) = $13625.30 - 2000 down payment = 11625.30 \ 36 = ~323/ month
Am I doing any of this right? Could I get a better deal? Thanks in advance again
Use this link to help you unlock the mysteries of how lease payments work:
Hey everybody. Looking at an R-Line MSRP 27,740. I'm aware of MF being insanely low so I was hoping I can get a good quote with little to nothing down maybe $500-800 down payment max. 60173 is my zip code, outer Chicagoland but still Crook County which is 8.25% ? 236 gov't fees which I believe are license plates, 675 acquisition, $1000 rebate $275 /month w/ $1850 down payment. Does this sound reasonable? Thank you
Hey everybody. Looking at an R-Line MSRP 27,740. I'm aware of MF being insanely low so I was hoping I can get a good quote with little to nothing down maybe $500-800 down payment max. 60173 is my zip code, outer Chicagoland but still Crook County which is 8.25% ? 236 gov't fees which I believe are license plates, 675 acquisition, $1000 rebate $275 /month w/ $1850 down payment. Does this sound reasonable? Thank you
What term and mileage allowance? Selling price or adjusted CAP cost?
Hey everybody. Looking at an R-Line MSRP 27,740. I'm aware of MF being insanely low so I was hoping I can get a good quote with little to nothing down maybe $500-800 down payment max. 60173 is my zip code, outer Chicagoland but still Crook County which is 8.25% ? 236 gov't fees which I believe are license plates, 675 acquisition, $1000 rebate $275 /month w/ $1850 down payment. Does this sound reasonable? Thank you
What term and mileage allowance? Selling price or adjusted CAP cost?
12k/36month I'm not sure what the adjusted cap cost is yet. I'll post when I arrive, also not aware of current lease rebates other than the $1k one.
Hey everybody. Looking at an R-Line MSRP 27,740. I'm aware of MF being insanely low so I was hoping I can get a good quote with little to nothing down maybe $500-800 down payment max. 60173 is my zip code, outer Chicagoland but still Crook County which is 8.25% ? 236 gov't fees which I believe are license plates, 675 acquisition, $1000 rebate $275 /month w/ $1850 down payment. Does this sound reasonable? Thank you
What term and mileage allowance? Selling price or adjusted CAP cost?
12k/36month I'm not sure what the adjusted cap cost is yet. I'll post when I arrive, also not aware of current lease rebates other than the $1k one.
Hey there. Looks like MF on the Passat is .00001? Can you share the MF for what tiers would fall in line with 680-700 ish score? Also to confirm, residual for 36/10 on Passat R-Line is 50% for 80018? Thanks so much!
Hey there. Looks like MF on the Passat is .00001? Can you share the MF for what tiers would fall in line with 680-700 ish score? Also to confirm, residual for 36/10 on Passat R-Line is 50% for 80018? Thanks so much!
Comments
$2050 dealer lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
since there is no separate purchase thread, can you tell me what the retail cash is on that model (for a purchase)?
Or, $1000 if you take the 0.9% APR financing.
Those are both dealer incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks in advance.
$2050 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$2050 lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
58%/57% residual
$1000 summer smile bonus
$1600 dealer lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
.00001 MF and 50% residual
$250 dealer lease bonus
$1000 summer smile bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Passat SE, 36mo/10k miles, Ohio
confirm purchase bonus is 4000 + 1000 summer bonus?
$1000 Summer Smile Bonus (customer)
$1600 lease cash (dealer)
For purchase, it's $3000 + $1000 =$4000 total
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Also can you get 0% financing when incentives are applied?
Cash - dealer gets $3000
0.0% APR- dealer gets $500
0.9% APR - dealer gets $1000
1.9% APR - dealer gets $1500
So, yes.. the incentives change if you take the low rate financing.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
where did they apply the lease cash?
.00001 MF and 51% residual
$1000 Summer Smile Bonus (customer)
$1600 lease cash (dealer)
do you know tax rate and dmv costs?
my local midwest dealers (3) are all advertising 6500-6700 off msrp on most 2018 passats (from S to SE; not GT)
so, 7000 off msrp is something to push for on the higher end trims and is quite reasonable.
https://www.billmarinevolkswagen.com/searchnew.aspx?year=2018&make=Volkswagen&model=Passat&Trim=w/Technology
The "capped taxes" are those from the state, and are added into the CAP cost. Chicago then taxes the calculated monthly payment with their tax rate.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
do you think the 1435 is the sum of state/city or not?
in any event, with a super low MF it makes sense to not put any money down and request a zero driveoff quote
looks like Jennings VW (Glenview) and they have 11 of the exact car in stock. easy 10% off before incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Looks like they might be marking up the money factor.
The CAP tax number seems high, with IL tax about 7.2% on the sum of payments. Should be closer to $1000 tax. (unless you have a local sales tax of some kind?)
With a $1600 dealer incentive, $3000 discount doesn't seem all that great.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Plus, Bill Marine is lucky to have 15 VWs in stock, total...
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Use this link to help you unlock the mysteries of how lease payments work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks
$1000 Summer Smile Bonus
S: $1300 dealer lease cash
SE/RLine: $1600 dealer lease cash
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Selling price or adjusted CAP cost?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$1000 Summer Smile Bonus
$1600 VW-to-dealer lease cash.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$1000 Summer Smile Bonus
$250 dealer lease bonus
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Also the same for the SE (I'm assuming SE without Tech is different?)
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get the number for 36/12k & 36 10k for SE and SE with technology?
Tx, 75056
Thanks
50%/51% residual
$1000 Summer Smile Bonus
$1600 dealer lease bonus
Either trim
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
.00001 MF
51% residual
$1000 Summer Smile Bonus
$1600 dealer lease bonus
700 is good for top tier.
680-699 is Tier 3 - Add .00030 to the MF
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Could I please get information including MF, residual, and incentives for a 2018 Volkswagen Passat 2.0T SE around zip code 33156? 48months/12k miles.
Thanks in advance!
$1000 Summer Smile bonus
$1600 lease bonus
$500 regional incentive
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
24/10 and 36/10 auto
zip 91316