Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
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For reference:
MSRP = $26,930
Invoice = $24,579
TMV = $24,595
My price = $24,215, plus tax and registration.
I charged a deposit of $500, and the entire balance will have VW's 1.9% financing for 60 months. Overall, I believe this is an outstanding deal on an excellent car. Any comments?
Demo cars are usually not properly broken-in and engine/transmission might have more problems.
Krzys
We just do not have that many 4MO Cars...Sedans or Wagons; so if this Dealer was trying to put this deal together for PS, and price was the Major issue, this would not be a bad option...
Hope this helps...
Let's see what PS thinks.
Krzys
I'm considering switching from an Accord to a Passat (thoughts?).
Has anyone bough a GLX-tiptronic in NC for a good price they can share?
Thanks!
Danny
Honda Accord 2003 2.4 LX is sell as USD32,000.so,anybody give me a suggestion which car is more reasonable.
I got a quote of $24.9k with the above and moonsoon. It's definitely too much i think.
Is it realistic to expect to be able to negotiate down to the neighborhood of $29,500 cash (approximately 1.25% below invoice)? Am I correct that dealers get a 2% holdback fee from VW, giving them room to maneuver below invoice and still make a profit?
I just got back from the VW dealer in NoCal and I am close to puchasing a Passat GLS Wagon. I accessed the pricing page on the Edmunds website and everything matches against their invoice. Has any purchased a Passat acording to the Costco pricing plan? Can someone please provide insight and legitimacy on the following fees? Thanks!
Here are the paticulars of the deal:
24,338 Invoice Amount
1,500 Profit (per the Costco agreement)
575 Destination Charge (negotiable?)
175 PDI (negotiable?)
150 Bay Area Association Fee (negotiable?)
142 Floor Plan Interest Reserve (???)
25 Port Prep Fee (??)
-----
26,905 Total
Any feedback would be appreciated!!
Thx,
Dogboy8
Can I ask what state you got the car? I'm in Richmond, VA so I'm not sure if that will make much of a difference.
Thanks for the help.
Thanks!
Carrie
PS: I am looking to get it in Blue Silver or Candy White.
You mentioned you got the ESP and fees for an "out-the-door" price of $29,900. The dealer said it would cost him $200 to get the car he quoted me on to his lot from another dealer and that ESP is not available.
Did you get a VW Owner's loyalty discount of any sort? (The salesman mentioned a $500 discount for previous VW owners.) Also, can I ask specifically where you went to get this deal? The salesman is telling me it is impossible to get that low with taxes, etc.
Any suggestions? Any advice from anyone would be greatly appreciated. Negotiating my first car purchase has been more strenuous than I planned for.
Thanks.
In my case, I requested a quote for a 2003 GLS 1.8T Manual, with Lthr, Cold Weather, Monsoon, and Homelink -- all specifically requested in Silverstone Gray ext. / Black int. The dealer responded within a few hours several times, on a Sat. no-less, with a selling price offer of $23,194 -- nearly $300 below invoice, right off the first pitch -- and an 'out-the-door' price of $24,793.
Also, I'm curious about a 'processing fee' of $220. I know that destination charge, port fees, and a few others may be arguably bogus. But this 'processing fee' sounds suspiciously like a dealer-prep. fee, (i.e. another way for the dealer to fatten his/her wallet.)
Any thoughts on this deal, along with the curious 'processing fee'?
Thanks in advance, and Kudos to all who make this discussion board a truly valuable resource!
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Here's what I have put together based on the many helpful posts:
Invoice
- Base model: 27,910
- ESP: 247
- Destination: 575
- Sub-Total I: 28,732
Expected Dealer Fees
- Port Prep: 25
- Wholesale (Floor) Finance Reserve: 142
- Advertising Association: 177
- Sub Total II: 29,106
Finance Terms
- No trade in
- Use 1.9 finance option
- Deduct 500 incentive from invoice
- Give hold back of about 600 to dealer
- Do not pay any other fees (documentation prep etc)
- Pay taxes and license plus registration fees
Putting all together I would be at a 28,606 payment to dealer plus tax plus license / registration, while using the 1.9% offer.
Two quick questions:
- Is this realistic given location and current sales/inventory movements? The least I want to do is haggeling for weeks with car salesman.
- Is this an offer I should pitch as is to close-by internet managers?
Many thanks in advance,
Frank C
Thanks
Paul
The $500 Customer Loyalty Voucher is only valid with a current DMV Registration for any Volkswagen, regardless of condition. And it is not necessary to trade this car in either...just show proof of ownership.
And I have advised people to simply use it as part of the Down Payment.
Thanks again,
Frank
ESP: $247.00
Destination: $575.00
SF Bay Area Ad Assoc.: $177.00
FloorPlan Interest Reserve: $142.00
Port Prep: $25.00
Total: $29,076.00
My only problem the car has 64K in mileage and the dealer is asking $15,900. Does this sound reasonable.
I also checked Carfax, no accident, it was a leased car and only had one prior owner.
I checked Edmonds rating on the car, and some people love the cars others want to set fire to the automobile.
I have had my heart set on the VW Passat, but now I don't know...should I buy used or wait and purchase a left over 2003 at the end of the summer.
Please people give me some guidance on this issues!!!!
21889 Car
575 Dest
287 Monsoon
1426 Leather
167 Dealer port prep
175 Advertising
1471 Tax
182 Tags/Reg
-------
26172 Total
I did test drive the GLX and was quoted 200 over invoice. Did anyone close a deal on the above mentioned model with a dealer in the bay area and are you willing to share the pricing details?
Thanks.
Baltimore here. I do not know if this helps, but I just bought a GLS, 4 cylinder with the following options:
-Automatic;
-Leather (which includes cold weather package); &
-Monsoon system.
MSRP - $26,475
Invoice - $24,494
Which includes $200 Ad Fee, $92 Floor Interest, and $25 Port Prep not reflected on Edmunds invoice but on VW Invoice. According to Edmunds these are legimate charges and not negotiable.
Sales Price - $23,975 (exlcuding Tax, Tag & Title)
Which was $519 below invoice and $196 below Edmunds TMV.
I hope you get your price newboy962.
Pete
Pete
I'm also curious about chiphogge's experience, did you buy the car already? THanks Pat Smith for her info, very helpful.
Also, is the 1.9% incentive going to continue in June?
Car_man
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