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2013 and earlier Volkswagen Passat Lease Questions
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Comments
- 0 down/drive off
- 36/mo, 15K miles
- Passat wagon, pkg1, rear side airbag
- don't recall how much exactly below invoice..
- 366/mo incl CA tax!
leassons learned: we bought what they had in stock ..always shop around, even when you are quite some ways down with a dealer.. and always hang out at this forum.. you guys all rock..
Another thing that I don't like about this deal is the large cap cost reduction that you are making. I always advise community members not to make down payments on leased vehicles. I do so because if your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears.
VW Credit's new 36 month buy rate lease money factor for this model is .00113. Make sure that this is the number that the dealer you are working with uses to calculate its lease payment.
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I really like this car, but am starting to think about going the Japanese route again. Too concerned about the horror stories of people waiting weeks for diagnoses/parts. Guess I'll wait for the JD Power/Consumer Reports verdicts.
Thanks for all the responses. While I made the move on the better of the 2 deals before I had chance to read your post, this does make me feel a lot better about going with this dealer. He was a "friend of a friend", so I'm glad he at least gave me a competitive offer. And from all the dealerships I spoke with, he was best in the NYC market.
Thanks again for all your help in not only my first "new" car, but my first VW.
MikeMookie
I realise the month is over on Monday - should I use this to push for an even better deal (how? they say this is the best they can do) or do you think money factors could improve for August so I should wait? Thanks a lot for any help.
36 mo. and 12K miles/yr
$415 mo.
That includes all NY state taxes, bank fees, etc. Security Deposit waived. Only paying 1st month and DMV fees when picking up car.
Residual was only 53% for the 36 mo. and 12K/yr lease, but it was slightly below invoice.
I got an excellent lease deal in April when the Passat 2004 Wagon has just arrived the market. I leased the 2007 2.0T with Pack Lux 2 Auto 36 months, navigation system, 17" wheels, rubber mats pack for $429, with no money down and including all NY taxes and fees. I only paid first months and MVT fees which totaled $750.
So far I am very happy and everybody are complementing how nice the car looks (it is Blue Graphite). I heard some realibility issues, but all i can say it is much more realible than my 2003 Saab Arc which I had to take to the dealership 7-9 times the first year I drove it
Terms 48month/12000miles
sticker 37930
negotiated price 35700
down payment 2500
monthly 459.00... 483.00 after TTL fees
This is for a lease on a 2006 passat 3.6 with the sport pkg.
Also what are your thoughts on purchasing at the end of lease. One reason for leasing was just to keep payment lower for atleast 2years until I get some funds saved back in my account I also have a 02 Millenia that I am going to sell outright and use for approx. 2+yrs payments. Do you suggest something different?
Please advise.
I was offered a better deal on the 3.6 4Motion 2007 Wagon with Lux package for 48 months $500 a month with no money down.
It seems that you can do much better for better for the 2006 Sedan
Do you know the current money factors and resduals for August for the Passat. Thanks.
This week, I just leased a 2006 Passat 2.0 T with premium package #2, auto, and rubber mats, trunk lining, and splash guard package. The MF given to me was .00094 and the residual was 53%. Sorry, don't have the 3.6 info.
http://forums.roadfly.com/forums/financing/7926754-1.html
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The first thing that I notice about the lease that you were quoted is the large down payment that you were asked to make. Consumers are free to lease any vehicle that they want without making any sort of down payment. I always advise community members not to make down payments when leasing because if their leased vehicle is totaled in an accident or stolen and never recovered, the down payment essentially disappears.
There's nothing wrong with purchasing a leased vehicle at the end of its term, IF its purchase price is less than it would cost to purchase a similar car on the open market. It's never a good idea to overpay for a vehicle, even if it is one that you were leasing.
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Tommorow morning am finalising a lease deal on 2006 Passat 2.0T. Total calculated (MSRP)sticker price of car am leasing is $31,965.00, Its with Premium package, Exterior is Reflex Silver, Interior is black with leather heated seats, navigation, sunroof, Dynaudio etc. well in one word it is a fully loaded equipped car what VW offers. Tommorow morning am signing a lease deal with residual of 0.51, money factor 0.00099, 15k miles per year and for 36 months. Downpayment is $2365 which includes first monthly payment of $365, dmv and all misc. charges except number plate. I am resident of NY state. What do you think about this deal ???? :confuse: Do you consider this deal good :confuse: An early reply will be appreciated, and thanks to your discussion board, as I am following it from last 3 weeks such that I can finalise a good car at good price. As its my first car, I learnt more or less everything about car shopping on this site, thanks once again.
P.S. I cannot tell Net Cap cost and calculated costs as after heavy negotiations we nailed down on my monthly payments with $2000 downpayment. I drove the car am leasing, but it had already 80 miles on it, does it make any difference ??? Secondly does a color choice changes price??? I already reserved the car by paying deductible $500. Your opinion will be appreciated.
I guess this makes a complete info to my earlier message , GRS CAP COST : $28715.34, CAP REDUCTION: $813.00, NET CAP COST: $27902.34, ADJ Residual: $16302.15.
This message is a continuation of message below:
Dear Car_man,
Tommorow morning am finalising a lease deal on 2006 Passat 2.0T. Total calculated (MSRP)sticker price of car am leasing is $31,965.00, Its with Premium package, Exterior is Reflex Silver, Interior is black with leather heated seats, navigation, sunroof, Dynaudio etc. well in one word it is a fully loaded equipped car what VW offers. Tommorow morning am signing a lease deal with residual of 0.51, money factor 0.00099, 15k miles per year and for 36 months. Downpayment is $2365 which includes first monthly payment of $365, dmv and all misc. charges except number plate. I am resident of NY state. What do you think about this deal ???? Do you consider this deal good An early reply will be appreciated, and thanks to your discussion board, as I am following it from last 3 weeks such that I can finalise a good car at good price. As its my first car, I learnt more or less everything about car shopping on this site, thanks once again.
P.S. I cannot tell Net Cap cost and calculated costs as after heavy negotiations we nailed down on my monthly payments with $2000 downpayment. I drove the car am leasing, but it had already 80 miles on it, does it make any difference ??? Secondly does a color choice changes price??? I already reserved the car by paying deductible $500. Your opinion will be appreciated.
I guess this makes a complete info to my earlier message , GRS CAP COST : $28715.34, CAP REDUCTION: $813.00, NET CAP COST: $27902.34, ADJ Residual: $16302.15.
This message is a continuation of message below:
Dear Car_man,
Tommorow morning am finalising a lease deal on 2006 Passat 2.0T. Total calculated (MSRP)sticker price of car am leasing is $31,965.00, Its with Premium package, Exterior is Reflex Silver, Interior is black with leather heated seats, navigation, sunroof, Dynaudio etc. well in one word it is a fully loaded equipped car what VW offers. Tommorow morning am signing a lease deal with residual of 0.51, money factor 0.00099, 15k miles per year and for 36 months. Downpayment is $2365 which includes first monthly payment of $365, dmv and all misc. charges except number plate. I am resident of NY state. What do you think about this deal ???? Do you consider this deal good An early reply will be appreciated, and thanks to your discussion board, as I am following it from last 3 weeks such that I can finalise a good car at good price. As its my first car, I learnt more or less everything about car shopping on this site, thanks once again.
P.S. I cannot tell Net Cap cost and calculated costs as after heavy negotiations we nailed down on my monthly payments with $2000 downpayment. I drove the car am leasing, but it had already 80 miles on it, does it make any difference ??? Secondly does a color choice changes price??? I already reserved the car by paying deductible $500. Your opinion will be appreciated.
We are in about to lease a VW Passat 2006 2.0 T Package #1. Do you think this deal is OK?
MSRP 27.415
Acqui. Fee 575.00
Int CAP 26.025
Residual (%) 14.804 (54%)
Money Factor 0.00099
Registration fee: 150.00
Insp fee: 10.00
Doc. fee: 45.00
Term in months: 36
Annual Mileage 10,000
Monthly payment 352.11
Money due at start: 2,206.22 (includes tax, 1st month, reg fee, inspe. fee and documents fee)
disposal fee: 350.00
We also hear that if we wait until October we will get better leasing deals. Is that true?? Much Thanks,
Elyse
They identified lots of dents and dings (more than I think are truly there...and I looked closely), but all are marked as "No charge." I had expected two dings on the hood to get me, but she marked those no charge as well.
The two items they want to charge me for are both covered by the excess wear and tear policy that is included in my lease (which VW tried to charge me for, but when I walked out, they offered to toss it in at the same price).
Anyway, I had heard horror stories of people being forced to take their car to the dealer for service and stuff like that before they could get clearance to turn the car in. I had all of my records ready to as I do my own oil changes, air filters, and the like and never take my car to VW as they are too pricey and take far too long (the price doesn't get me as much as "all day" for an oil change).
Anyway, had all of that documentation ready to go to prove I'd done the factory maintenance, and the lady only asked the mileage and date for my last service.
I am well under my allotted miles and have scheduled the turn in date as well. So at this moment, it looks like this should be relatively painless. I have, of course, opted not to buy the car as we've really outgrown it and are moving into SUV territory...and the overpriced Toureg just doesn't cut it for me.
We'll still have my wife's 1999 Passat GLS V6 - 109K miles and still going strong!
Take care all!
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Im trying to purchase a 2006 Passat 2.0T. Do you know if there are any incentive programs to purchase a 2006? If not, can you explain the advantages (or disadvantages) to purchase a year-old car (2006) vs. a new car (2007).
Thanks
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