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Volkswagen Passat CC Lease Questions
kyfdx
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"Hi Car Man,
Please let me know the money factor/s and residuals for a 3 yrs/36k miles lease and 45k miles lease.
Thanks a lot."
VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC Luxury 2.0T with 15,000 miles per year are .00249 and 52%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher.
If you reside in Volkswagen's Southern region, you will be able to take advantage of the $1,000 cash incentive that it is providing on leases of this car in that area right now.
Car_man
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Interesting about the cash incentive, so I take its not being offered in the Northeast (NY/NJ Tristate area). Thanks!
thank you
Can you please tell me the MF and Depreciation % for a 2009 CC Sport with Auto Transmission. Can you do this for 24 month/15k and 36 month/15k. I am in the Philadelphia Area.
Thanks
Car_man
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In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 10:07 pm. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Car_man
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Car_man
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I think with being 15 months away from the lease end date, you will be fine, if you want to trade out.
From my experience.....
I have leased 3 cars, and have always traded them in early, and have only suffered very minimal negative equity, so small, that is was only $10 or so more on my payment. I only had my Accord 2 years, no problems, this car only had a little negative value on it, because I was a little over my mileage, it was literally $10 more added to my new lease, traded a VW Jetta, no problems, I have an 08 Jetta now. I trade early all the time. If trade my 08 Jetta now, of course I am going to have extreme negative equity. Trade a new GM car, WOW!!, don't go there.
It can only work with cars that already hold their value well.No GM car will do this. Sorry GM.
It is not advised not to do this. Because, if you are not educated about leasing, people often take the negative equity from a previous lease and roll into a new lease, they repeat this process over and over. Before you know it you have a Honda civic with a car payment of $800 a month...lol
But, usually there is a time in a lease where you can trade out with minimal problems. But, your mileage has to be reasonable and on track with the lease, like new conditions, it only works in the best case scenario. I keep my cars like new, so that may be a factor.
Also, look for incentives to help with that trade too! VW usually offers deals very often.
I believe the lease numbers have changed on the CC, since their advertised special
for a 2.0T auto went from 2699 down & 359 a month to 2499 down and 329 a month (this was based on MSRP with some dealer contribution and pre-tax).
Can you please tell me what the Money Factor and residual is for the 2.0T Sport (Manual) based on 12k/36 months so I can work out some numbers based on selling prices I will be negotiating hopefully this month...(My final choice is between this car and the Acura TSX 6speed manual so you might see some comments from me on that thread also..but that is alot more active. )
Good luck in your quest for a new CC and make sure to stop back to let us all know how everything turns out.
Car_man
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1. On a 2009 CC Sport in Manual Transmission:
For 36 months @ 12,000 miles a year with $1,700 down, your payment is $380.69 a month. The money factor for this model is .00124 and the residual is 55%.
2. 2009 Passat CC Stock # V90306 MSRP $27,855 Months 36 miles Per Year 12,000 Initial Investment $1,700 Monthly $395
3. 36 Months 12,000 miles a year, $1700 total due out of pocket $364.89. Money Factor .00139 Residual $15,320.25
4.
price: 25, 255
24 mos, 12K per year
Money factor is .00144
62% res value
This works out to 350 a month, with the downpayment. I know those numbers are not relevant.
Thanks so much in advance for the feedback! These forums are so great.
rate spread over 36 months but I guess you want a 2yr lease.thx
I'm looking for the values for both the Sport and Luxury (automatic, 12k, 36 mo.)
Thanks in advance.
Hope you can help. I am looking for the residual and money factor on the VR6 4 Motion for a 36 month lease and 15K miles. I am in upstate NY in case that matters. Also, I see a 1000 cash back incentive posted on Edmunds. Just want to verify.
Thanks in advance for your help.
It's excellent that you know what selling price you are being charged. This is one of the more difficult, yet most important pieces of information to get. We just need something to compare it with, either this car's MSRP or dealer invoice price. You can look up these numbers over in the New Vehicle Pricing section of Edmunds.com. Let us know what either one of them are and I am sure that either myself or another knowledgeable community member will gladly let you know what they think.
Car_man
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If you haven't pulled the trigger on your CC lease yet, you're in luck. Volkswagen just introduced $1,000 bonus cash on CCs that are leased or financed through VW Credit a few days ago. Make sure to take this cash into account when negotiating your car's capitalized cost.
Car_man
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Volkswagen's lease program for this car varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC VR6 4Motion with 15,000 miles per year are .00116 and 47%, respectively.
I am not all that familiar with what others have been paying for this model right now, but I can tell you that Volkswagen just introduced a $1,000 cash incentive on leases of it through VW Credit last week. Make sure to take this cash into account when negotiating your deal. You might be able to get an idea of how much you should pay for this car right now by visiting the "Volkswagen Passat CC Prices Paid and Buying Experience" discussion.
Good luck and if you pull the trigger on this car make sure to stop back and let us all know what you think.
Car_man
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Car_man
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Unless im missing something the dealer may have been trying to stiff me. :surprise:
car_man - Do you have the latest numbers? Sport and Luxury (automatic, 12k, 36 mo.)
I really would like to pull the trigger in the next couple of days.
Thanks.
Interesting tidbit - because the CC VR6 4motion has a residual of 47% and the CC VR6 Sport has a residual of 45% (both low but maybe accurate), the more expensive 4motion leases for less than the sport.
When negotiating your lease on this car, make sure to take the $1,000 cash incentive that VW introduced on leases of it in late January into account.
Car_man
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Here is the lease program again so you can make sure that it is the same.
VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC 4-cylinder Sport with 12,000 miles per year are .00124 and 55%. The numbers for an otherwise identical lease of an '09 CC 4-cylinder Luxury are .00124 and 51%.
Car_man
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Car_man
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2009 CC Sport - auto - sirius
20k miles a year lease, 36 months.
MSRP $28955
Sell Price $25042 , which includes all rebates
Other fees (registration, doc, bank etc. ) $876
Money rate .00124 and residual at 45% *(adjusted to reflect 20k miles)
$1500 out of pocket.
roughly $409 a month
Good deal?
Firstly thanks to your input and feedback from other members, these forums are priceless in terms of knowledge gained by the consumer when negotiating a deal.
I leased a 2009 CC Black on Black, 6MT Sport with Sirius Radio. 36 months 10k year, which is enough miles for me. Took advantage of the customer cash incentive also.
Here is the breakdown.
msrp 27915
invoice 26046
selling price 24973
1000 cap cost reduction = 23973
35 month payments of $281 excl 7% NJ Tax
Inception costs:
First months payment $281
Acq Fee $575
Title $187
Doc Fee $ 189
NJ Tire Fee $7.50
Total $1232
This car is amazing, my first stick shift after 12 years..I feel young again
2009 CC Sport *auto*Sirius
MSRP $28955
Sell $25042
$2500 out the door/out of pocket
20k miles a year @ $.15 each, residual is 45% adjusted for this mileage
lease includes $878 in doc fees and registration etc.
money factor was .00124
Their number came to $379 a month. NJ pays tax up front also. I appreciate your help
I just looked at your deal using a lease calculator and based on your msrp, selling price, assuming zero cap cost reduction. i.e. the out of pocket amounts are not used towards reducing the selling price then you payment based on the lower residual does indeed come out to $380 a month. This is without taxes but you said
you are paying these up-front. Please note in NJ you do not have to pay tax up front
if you dont want to. I had it added to my monthly payment. Hope that helps..
MSRP: $34670
Invoice: $33278
Rebates: $2000 ($1000 for CC, $1000 for Lux package)
= 31278
Selling price: $30600
MF: .00124
Res: 51%
$1000 Cap Cost reduction
Lease Payment: $389.89 - 12K miles/3 years
Paid $1200 tax upfront, first payment, and $575 bank fee for a total of $3311 DAS.
Also traded an 06 Passat (Package 2) with Nav, 36K miles for $13,000.
Good deal?
I see in your post a '$2000' rebate?? I was only aware of $1000 lease cash. Is there another $1000 available for the Luxury trim now?? I'd appreciate your response, I'm looking to lease this bad boy asap and this would sure help me afford it!
Also, I live in OH - where do I find out if I have to pay tax upfront or if I can have it added into the payments?
Enjoy your new ride! Thanks a bunch!
In fact, most lessees do it that way.
regards,
kyfdx
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I paid the tax upfront on my own.
Anyone know the Residual Value on the CC Lux (no navi)? 36mo/15k
I've been hearing 49% and 51% - which one is it? Is this negotiable/who determines it?
Thank you!!
09 CC Sport, auto.
$29250 MSRP
$350 out of pocket, $350 per month (incl NJ tax) 36 mos, 10k year.
no trade, no loyalty
Good till 3/2/09
Also, I'm a bit confused about the options. The car had standard memory seats and sirius, even though they appear as options on VW.com. Did they revise the Sport package recently?
Thank you.
This includes $1750 of current incentives. Good luck to all
Some of the sports that were shipped early had some "extra"equipment thrown into them. Not sure why but I saw a Sport with rain sensing wipers and Sirius put into it already. I think its an incentive to get cars on the road and seen to generate more interest. Where did you shop?
Got it from Crestmont Vw on Route 23, good dealer have previously bought a passat from them, no gimmicks or sales tactics involved I highly recommend them.
$ 289 plus tax
2999 (Dow Payment)
100 +210+695+250 (Additional fees Registration etcc)
-------------------------------------------------------------------
total $4250`
Credit trade value - $4,000 (seems fair)
My personal observations ,The price is way to high . Take into consideration this is a cc Sport Manual transmission. At first they werent aware of the MSRP and got quoted somewhere around $27,775 including Sirius radio.
Includes $1,000 incentive
The residual value I was quoted to be 52% considering its 10,000miles/36month lease.
In conclusion was told this was in the national march promotion and no adjustments by the rude belligerent finance manager . Thoughts ?
Already had a better offer at another dealership
I just leased a VC CC 2.0 luxury with the tech package -
48months/12K year
Cap Cost: 29,448
Don't have the other numbers handy, can post Monday ( I know, I know I should have the MF, residual, etc with me but I don't..)
0 Down except vehicle registration
Pre tax price: 393
How is that? Did I do ok? Honestly, I didn't bargain much since the prices seemed reasonable, and I was tired....probably a rookie mistake.
Thanks again for the help.