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2013 and earlier Volkswagen Passat Lease Questions

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Comments

  • driver100driver100 Member Posts: 31,976
    Sounds like a good deal. I am always concerned about putting $ down

    Good point, but if you have $2000 sitting around why not throw it in and reduce your payments. At $225 a month if you lost your job you could work at a McDonalds and still be able to drive a brand new car.

    I am saying peace of mind counts for something, and reducing payments by $50 a month might feel better psychologically. Though, I suppose the way for leasing to really pay off is to do it with )
    $0 down.

    btw chevy, is this car an automatic or standard?

    2017 MB E400 , 2015 MB GLK350, 2014 MB C250

  • chevychase1chevychase1 Member Posts: 4
    thanks for responses everyone - the passat is an automatic

    while I agree it's not a huge deal to put down $2k, the biggest downside seems to be if the car gets totaled, the down payment is lost

    on a separate note - does anyone have any thoughts on the 3 year/36k mile maintenance program VW offers? specifically, has anyone had any issues/problems with the program
  • driver100driver100 Member Posts: 31,976
    the biggest downside seems to be if the car gets totaled, the down payment is lost

    Good point! Also, you can just put the $2000 in the bank and use it if you have to....as long as you are not addicted to gambling and use it up. ha ha

    I'd like to know about that warranty question too.

    2017 MB E400 , 2015 MB GLK350, 2014 MB C250

  • chevychase1chevychase1 Member Posts: 4
    edited June 2012
    hi - so actually I misunderstood the dealer's #s (he was giving me the capcost with $1999 down, i.e. reduced capcost, and not the selling price)

    not wanting to spread misinformation, I wanted to give the new #s:

    Passat 2.5 automatic w/ sunroof/navigator

    MSRP: $27,835
    SELLING PRICE: $24,776 (NOT $22777 as previously stated)
    TAXES + FEES: $2068
    ADJUSTED CAP COST: $26,619
    MONEY FACTOR: .0007 (interest rate around .17%)
    RESIDUAL: $14,753 (53%)

    the #s in terms of monthly payments are still the same: if I pay the taxes/fees and $1999 down, I can get the car at $225/month. If I just pay the taxes/fees without the $1999 extra down, it is $275/month.

    Breakdown of the taxes/fees (which seem a bit high at first glance):
    1687.87 - Tax
    161.39 - doc (I've heard it is really hard to negotiate this down)
    219 - Plates and Title

    So what do you think about these new #s? Obviously the selling price is not quite as good as I thought before. Edmunds true market-value for the car in my area = $26061 (I assume this edmunds price does NOT include taxes/fees).

    Eagerly awaiting your thoughts
  • driver100driver100 Member Posts: 31,976
    Edmunds true market-value for the car in my area = $26061 (I assume this edmunds price does NOT include taxes/fees).

    Just my opinion, but I think it sounds like a good deal. We were looking at an SE model, Manual transmission and it lists for $24765. Dealer would take off $1100 the price for us was $23665. That was a no haggle price. Edmunds best price was $23276 which is only $1489 discount.

    Seems your MSRP of $27835 and discounted price of $24776 is excellent, over $3000 difference, actually $3059...so a big discount on a car they don't discount very much, and a much better price than Edmunds Best price of $26061.

    I think the discounted price of the car is unbelievable. I think unless you have a very good reason for leasing you should buy it for that price. But, I know people have very good reasons for leasing....I have had to do that myself a few times, though I don't think I would do it now.

    If you check Passat lease deals right now this is what they are offering;
    Volkswagen Passat

    The 2012 Passat Lease Special.
    $209*/Month. 36-month lease. $1,999 due at signing. (Excludes title, tax, options and dealer fees. Excludes TDI® models.)

    Lease a 2012 Passat 2.5L S with Appearance Package with automatic transmission for $209* a month. 36-month lease, $1,999 due at signing. (Excludes title, tax, options and dealer fees. Excludes TDI® models). See your local VW dealer for this limited time offer or for one of many other great lease deals available on Passat models.

    Sounds like to me, you are getting an SE model, with a sun roof and navigation plus camera and upgrade radio plus touch screen for $16 more a month than the advertised price.

    I am not a down to the last dollar kind of person. I think it is a terrific deal, and I don't think you will be sorry at all. If by chance you could have saved $10 a month looking around I don't think it would be worth the $360 of time and effort.

    The one thing you may want to consider is the 2013s will be out soon. Not a big thing, but because they are a year newer they should be worth more as a trade in in 3 years time, so the payments may actually be less. We are into July and they will probably be making them in a month and selling them in September. Is it worth waiting for?

    We won't need our car until November, so we are going to order a 2013 near the end of August.

    Let me know what you think.
    Nor sure where Car Man is, he could be a big help.
    I hope they keep that deal going, because you do make your best deals at the end of the month, and it is almost the end of the month!

    2017 MB E400 , 2015 MB GLK350, 2014 MB C250

  • billy3554billy3554 Member Posts: 148
    Putting money down on a least to lower the monthly payment is rarely a good idea, particularly when the money factor is so low. Smart leasees will put the money in an account where, if needed, the money can be used for a variety of reasons. If the leasee runs into a bit of short term cash problems, money is available to make several monthly lease payments or to reduce the monthly lease payment as needed.

    Also, putting the money in the bank rather than using it to lower the monthly lease payment by a few bucks can result in the leasee saving some money. In reality most people can come up with a few extra dollars each month to pay the higher lease payment while leaving the money which would have been paid at lease inception in the bank for a "rainy day".
  • driver100driver100 Member Posts: 31,976
    Putting money down on a least to lower the monthly payment is rarely a good idea, particularly when the money factor is so low.

    I agree 99.9%. I think there are sometimes people who can't save $2000 in the bank for a rainy day. If they have $2000 sitting there they will want to buy clothes, or go to a casino, or use it to go on a trip.

    For those people, it might be better to just put a down payment of the leased car........it's like forced savings. At least the money actually got used for a good purpose, and wasn't frittered away.

    But, your point does make sense to me, and you added a very good one. Some lease rates are very good right now, so you might as well let the car company absorb the interest payments, and keep more money for yourself.

    The question is, do you prefer to lease or buy?

    2017 MB E400 , 2015 MB GLK350, 2014 MB C250

  • meaggo89meaggo89 Member Posts: 1
    edited July 2012
    Hello,

    The dealer recently gave me this offer:

    12k miles/ 36 months
    $369 a month 0 down.

    I was thinking of counter offering with 350 a month.

    Im I on the right track? Did they give me a decent offer?

    Thank you so very much.

    Dealership:

    Vyletel, Sterling Heights, MI
  • dtomsfandtomsfan Member Posts: 1
    Looking to lease an se.

    Went to a dealer and walked away from this simple offer
    36 month
    12k
    1000 down
    226 plus tax/month
    Thoughts on this deal?
  • rack_bauerrack_bauer Member Posts: 1
    edited July 2012
    Just got my lease offer on a 2.5 SE

    First time leasing and trying to learn on the fly, please advise

    36 months
    15K per year

    $2500 down payment
    All taxes, tags, registration etc... included

    $239 month

    good deal or no?
  • passatsepassatse Member Posts: 2
    All,

    I've been reading a lot and thought I should share my deal.

    2012 Passat SE with Sunroof no Nav.

    15,000 miles a year for 36 months in Washington State

    $500 down, which included the first months payment.

    $315 a month.

    After all of my research, I think this is a great deal. Very happy customer.
  • accutron51accutron51 Member Posts: 2
    Thought I'd chime in. This site certainly helped me before going in to negotiate lease on 2012 Passat w/o sunroof and w/o nav. Thank you all for your input on this site. Terms: $500 down (which includes first month payment); $268 per month (which includes 6.5% tax); 3yr lease @ 12K miles per yr. I had dealer throw in rubber mats :) Note that I had traded in a leased car where I had some "equity" in it. I was given a $670 trade allowance. On prior lease, I had one remaining $238 monthly payment. I feel pretty good about the deal.
  • alexandervalexanderv Member Posts: 24
    Hello chevychase1,

    That seem like a really great price. I just have a few questions before final thumbs up.

    What is your city and state?
    What is the sales tax in your state?
    Does your state make you pay all of the sales tax at time of purchase?(that"s what your post make it look like), or does each monthly payment include sales tax in that amount?

    Look forward to your reply...Alex
  • prabsriprabsri Member Posts: 3
    First time leasing and this is best I could talk my dealer into for a SE w/Nav & Sunroof. Is this a good price for 12,000 /3 yrs in CA?

    MSRP: $27,800
    Selling Price: $24,000
    12K Residual $14,456
    First Payment and DMV: $674
    Base Payment: $286
    Payment including tax: $311

    Should I go for this or negotiate further?

    Thanks
  • idcwebmasteridcwebmaster Member Posts: 1
    How much is your down? Got ours SE with sunroof no nav for 265/month 2500 down(1st month is included) for 35 months. includes change oil and tire rotate.
  • maxlevmaxlev Member Posts: 85
    Looks pretty good. I got the SE w/Sunroof (NO NAV) for $280 (tax included) so to pay a few bucks more for the Nav with an MSRP about $1000 more isn't unreasonable.
  • prabsriprabsri Member Posts: 3
    $674 Down...This is the First month's payment and DMV fees.
  • alrh0425alrh0425 Member Posts: 2
    Would anyone be able to provide me with a 36mo lease monthly payment for a 2012 passat se w/sunroof. I will be putting $2,000 down.
    If you can that will be a great help.

    Thanks
  • alrh0425alrh0425 Member Posts: 2
    Would you be able to provide me with a 36mo lease monthly payment for a 2012 passat se w/sunroof. I will be putting $2,000 down. My zipcode is 17815 and the dealership is Jack Metzers
    If you can that will be a great help.

    Thanks
  • jbellsjbells Member Posts: 1
    I just left the dealership. My deal in Nassau County, NY:

    VW Passat SE, no sunroof, no nav
    $225/month
    10k miles/year
    $1900 due at signing which includes taxes($845), first month payment ($230), DMV fees ($130), bank fee ($695).
    If all rolled into payment (including first month) - $282

    Hope that helps someone.
  • klab0001klab0001 Member Posts: 1
    I have negotiated a deal for a 2012 Passat V6 SE without Nav

    Cap Cost: $26,489
    Term: 36 months
    Down: $1000
    Payment $375

    Thoughts??
  • racsracs Member Posts: 1
    edited August 2012
    Just wanted to share my deal. Leased 2012 Passat SE with out sunroof/Navigation.
    1000 Down
    250 for 35 months( including taxes)
    12,000 Miles per year
  • razcal1razcal1 Member Posts: 8
    edited August 2012
    Hi Car Man,

    Is this a good deal?

    2013 VW CC Sport Plus. MSRP $33,940. MF=0, Residual 54% 36 month lease. Agreed Price $30,000.

    $1,248 due at signing. (Payment $325/month+tax)

    The $1,248 = $325 1st month plus $625 Aquisition fee plus $225 Tag plus $73 Florida fee.

    Thanks, Razcal


    In Buying & Selling >
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi alrh0425. I'd be happy to work up a lease payment on this car for you. However, in order for me to do so I need you to provide me with its MSRP and approximate selling price, or at least its MSRP and invoice price. Let me know what these numbers are and I'll run some calculations for you. Thanks.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Razcal. The dealer invoice price of the car that you are interested in is $32,533. If we subtract the $2,000 cash incentive that is currently available on leases of it from that it drops to $30,533. So the selling price of $30,000 that you were quoted looks excellent.

    The money factor that you were quoted looks excellent as well.

    If you like the car, this looks like a good deal to me.

    Car_man
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  • aforbes400aforbes400 Member Posts: 18
    Hey Car Man,

    I'm in Los Angeles and looking at a 2013 Passat TDI SEL Premium with a sticker price of $33,710. I've got them down to a sale price of $31,859 (supposedly $500 under dealer invoice and there are no incentives on TDI models). 1) Is this a good price and 2) Can you tell me what the current money factor (very highcredit score) and residual value (3 yr 12K) would be? Trying to figure out lease payments...

    Thanks so much!!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi aforbes400. You're right, there isn't any cash incentives available on Passat TDI models right now. $500 under dealer invoice would indeed be a very attractive selling price on a 2013 Passat TDI...though you may want to double check the invoice price that you were quoted with the figures that are listed here at Edmunds.com.

    VW Credit's August buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat TDI with 12,000 miles per year are .00157 and 60%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • enpostenpost Member Posts: 3
    Hi
    Could you tell me the dealership? We are looking for 12k miles and sunroof and would love to pay $300 a month with first monthly payment at signing. I am in nj. Is this number realistic for a 2012?
  • aforbes400aforbes400 Member Posts: 18
    That's a big help, Car Man. That is exactly what they quoted me on the money factor and residual value. As for the invoice price quoted, it was spot on with what edmunds had listed. Sounds like it's a decent deal...

    Thanks for your help!
  • KMS_ClevelandKMS_Cleveland Member Posts: 25
    Just closed the following on a 2012 Passat SE with Sunroof (No Nav).

    500 due at signing (that's first payment, taxes, title - I have to pay for my tags when it comes in (~$40))
    $268 per month for the next 35 months
    12,000 per month

    My taxes are 6.75%

    Thoughts on the deal?
  • enpostenpost Member Posts: 3
    edited August 2012
    KMS does 268 a month include tax?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    That's great aforbes400. You're very welcome.

    Car_man
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  • KMS_ClevelandKMS_Cleveland Member Posts: 25
    Yes. 268 is all in. it was 500 out the door (tax, tag and title) and 268 per month (including tax)
  • cargirl123cargirl123 Member Posts: 4
    Hi Car Man,
    I am going to plan on leasing a VW Passat this month. I won't finalize anything though until it gets your blessing as a good deal! I am a young woman that does not want to be taken advantage of at the dealership.
    With that being said...first off should I focus on leasing a 2012 or 2013 2.5L SE Passat. My understanding is that there are little differences between the two. My goal is ultimately lowest payment with $0 down.
    Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi cargirl123. I completely understand. While there's probably not much of a difference between leasing a 2013 and a 2012 model at this point, I suspect that the '12 sill be slightly cheaper. I'd probably go that route if I was in the market for a Passat.

    Once you have figured out which one you want, hop on over to the New Vehicle Pricing section of Edmunds.com and look up the MSRP and dealer invoice price for the car you want, exactly as you want it equipped. Add a few hundred dollars to the invoice price, subtract any available cash incentives and have the dealer work up your payment using that number and the car's buy rate lease money factor.

    I can provide you with much of this information, once you get the model and pricing figured out.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • nycardadnycardad Member Posts: 1
    As a general rule if you were to BUY the car you would almost always do better to purchase a leftover (In this case the 2012) than a new model year. In the case of leasing this is not often the case. This is especially true when the car in question has no major changes for the new model year. The reason is that with a lease you are paying for the car minus what it is worth at the end of the lease. In this case, the 2012 car would be one model year older at the end of the lease so it would be worth less. You are wise to move cautiously when dealing with Car Salesman. Take your time and make sure you check ALL the math. Often people in the car business will make a deal seem better by adding charges or extending the term. In the case of a lease make sure you keep in mind that need to plan for changes in your life during the term of the lease that might cause you to go over the mileage allowances. In addition get some independent reviews of the dealer and lease company as to how picky they are when you return the car at the end of the lease.The internet has many sites to help you with this. Some low cost lease companies nail you for every little thing they can when you return the car. I have had friends that had charges well over a thousand dollars for tiny stone chips and tires that were 75% saying they needed to replace all four. I know there are many good and honest car dealers out there. But you need to protect yourself from the dishonest ones. Good luck!!
  • cargirl123cargirl123 Member Posts: 4
    Thank you so much.
    Please let me know what you think of this deal.
    MSRP - $26,400
    Lease End Value - $14,784
    Initial Cap Cost - $25,824.55
    LMF: .00022
    Term: 36
    Miles: 12,000 per year
    Money Down: $500, but I would also have to give $1100 to be whole on my trade in since they will only give me $10,000 for my trade in and my balance on my loan is 11,000.

    Vehicle - 2013 SE no nav or sunroom. Just their basic SE with leatherette.

    Thanks!
  • skornskorn Member Posts: 4
    Hello, I have a 2012 SE Passat with NAV and sunroof and paid $850 down (which incl our first mo payment) and got a 36mo/10000k lease for $320 (incl tax) a month payment in January 2012. I just got word from my dealer that they'd like to take my car and put me in a 2013 SE Passat with NAV and sunroof 36mo/10000k lease for $329 (incl tax) a month, with only $329 down, which would count as my first month's payment. Other than signing another lease, whereby extending the time of leasing this car and the additional $9 a month, can someone see any reason not to do this?
  • truetaotruetao Member Posts: 64
    Can you please post the lease rates for the 2013 VW Passat 2.5L SEL? I would like a 36 month lease with 10K miles per year.
    Thank you!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome cargirl123. The car that you are interested in probably has a spread of only a little over $1,000 between its MSRP and its dealer invoice price. Add to that the $1,000 cash incentive that is available on leases of this car and you have a total of around $2,000 to play with in your negotiations.

    Is the initial cap cost that you provided this car's straight selling price, or does it include fees and or taxes? If it doesn't include any fees then I definitely think that you can do better. If it does then I will have to reevaluate.

    VW Credit's top tier buy rate for a 36-month lease of this car is only .00015, but the factor that you were quoted isn't much higher than that.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi truetao. Volkswagen Credit's September buy rate lease money factor and residual value for a 36-month lease of a 2013 Passat Sedan SEL with 10,000 miles per year are .00015 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 it.

    Car_man
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  • cargirl123cargirl123 Member Posts: 4
    Car Man,
    Thank you for your assistance. I ended up leasing the car before I heard back from you. I hope that the ultimate lease deal I got was good in your opinion. I am guessing I probably could of done better. :(
    Central Florida was a tough market to negotiate in. I ended up dealing with three different dealers. The best that one dealer would give me was $0 down, $347 a month for a 2012. It was a good deal, but the colors they offered were horrible. The other dealership was extremely sleazy and their numbers made zero sense...so bad that they should have been embarrassed. The dealership that I signed with seemed to be the most reasonable. I did use the $347 a month deal to work down the final deal. The final deal came from the same dealership that initially wanted me to give $1600 down, which by the end of the week changed to $355 down. Please note that I had a car that I decided to trade in as oppose to privately sell because I didn’t want to deal with the hassle of it. The KBB on the car was $8,800 and my payoff was $11,134.00…so had negative equity.

    Final Deal that I took:
    2013 VW Passat Se (no navigation or sunroof)
    MSRP: $26,400
    Money Factor: .00015
    Residual: 56%
    Lease End Value: $14,784
    Initial Cap Cost $25,212.11
    Total Trade Allow: $11,135.00
    Adjusted Cap Cost: $26,560.61
    Down Payment at signing: $355.00
    Fees in Cap Cost: $1,348.50
    Doc Fees: $236.50
    Total Monthly Payment: $355.00
  • cedarsmokercedarsmoker Member Posts: 1
    Car Man,
    I am trying to lower my car payments by trading in a 2012 VW EOS for a lease on a Passatt. According to the dealership, I have negative equity of about $3700 after a $2000 loyalty discount on the lease. I am looking at a 2013 Passatt SE and they want $600 down and $420/month with 15K miles. The 2013 Passatt S was only $379 with $600 down and 15K miles. Why is the SE so much more expensive when the MSRP is only about $1500 more? Is $420/mo a good deal? I was thinking $400 would be about right. Any info would be greatly appreciated.
  • ocotillo27ocotillo27 Member Posts: 3
    As another benchmark for those in the market, my wife an I leased a 2013 VW Passat SE w/ sunroof and nav on 9/30 in the Phoenix-metro area. I don't have the paperwork in front of me, but lease was for 15K miles and MF was .00015 (can't recall residual). MSRP of $28,060. I believe cap cost was at or about $25,700 with lease incentive of $1K on leases for '13 Passat SE (good through end of October as I understand it). Payments are $370 (with tax). We made first payment at signing, but nothing else down. Hope this helps others.
  • truetaotruetao Member Posts: 64
    Thank you very much, Car_man.
    I appreciate your help.
  • cubbyfabcubbyfab Member Posts: 2
    I was looking for info on turning in my passat. Not that I really want to but my job situation has changed and I am having a hard time affording the payments. I am only 1 year into a 3 year lease. How bad am I going to get raked over the coals..... thanks
  • nyccarguynyccarguy Member Posts: 16,421
    What are your payments? Have you tried lease trader or swap a lease? They charge a fee, but will help get someone to take over your payments.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD

  • cubbyfabcubbyfab Member Posts: 2
    My payment is $530/ month.
  • nyccarguynyccarguy Member Posts: 16,421
    Ouch! How many miles per year is the lease for? $0 down?

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD

  • bubbler86bubbler86 Member Posts: 11
    MSRP - $34,800
    Lease End Value - $18,835
    Initial Cap Cost - $30,356 (After $1750 in lease incentives)
    LMF: .00015
    Residual: 54%
    Term: 36
    Miles: 15,000 per year
    Other Fees ~$1200 for Acq. and dealer fees
    Money Down: First Payment

    Just completed this deal for a Candy White/Beige Interior
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