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They wouldnt give me a fair pay-off for my 04 Accord. They said $12,500. Iam not applying about $1,000 of 'negative' equity to the new car.
Anyone have any ideas how to get my trade in paid off w/o adding the negative equity to the new Passat?
you can easily get a 07 passat for 750 under invoice already, as I was able to with little problem. provide more information and i will be able to try and help
I receive invoice pricing on VWs through my work. I'd like to lease a 2007 Passat 2.0T w/ option1. Dealer tells me invoice is 25K and change.
Quoted me $380 per month. Zero down. I pay all fees and taxes (a lot in Chicago!).
Now, we have the dreaded 'use tax' in Chicago which is 6.5% so I was advised some type of balloon lease to avoid this.
OK--but dealer tells me VW financing is 6.19% (?!)
Based on other postings $380 per month on this vehicle for a strong partner of VW/Audi seems way too high.
Thoughts? Should I go for a 2006? I don't care much about model year.
Thanks in advance -- lots of super data points on this forum.
I doubt interest rates have changed from VW financing. I bought a passat 2.0t base model (no packages..etc) and got 2.9 financing..not a special deal or anything, just what they had at the time. Also you can get the car for under invoice, don't let them convince you invoice is their bottom line. I got mine for around 750 under invoice so I would think since the car you are looking at is about 2k more to look to get 1100-1200 below invoice for a good deal. A dealer wouldn't make a deal where they are losing money, just logic.
Not sure aobut leasing, someone else would be better about that, but the lower the base price, the lower the lease payments obviously.
Feel free to ask more questions
Let me know if you have any other questions
Price wise it looks like a very good deal for you. Are there any miles on the car? It almost sounds too good to be true.
I notice that all of the local VW dealers have ads with big discounts on '06s..
regards,
kyfdx
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the point is when I was ready to sign the paperwork, the dealer tell me the horn did not work so I could not get the car today. They told me they could fix it next Monday and it was not a big problem. But I was so upset and frustrated and So I quited the deal and left. :mad:
How should I further negotiate with the dealer? more discount on the car or just another car (hard to find the car with same options). The horn failure puts some shadow in me about the car's quality. maybe I should try other brand.
What do you think? Any suggestion is welcomed. Thanks!
You might be feeling some sort of buyer's remorse and the horn thing was just a reason to step back from the deal.
If that is the car you want, just go back and get it.. If you had already agreed on a deal, I don't think the dealer will feel any need to lower the price for a horn that can easily be fixed.
Just the view from here...
Good luck,
kyfdx
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Well, I dont think it is a easy problem to fix. The dealer told me they needed to updated the computer in the car, which sounds a bigger problem.
I like the car. But just worried the potential problems down the road.
May move in the next few days, any feedback is appreciated.
My local dealer was advertising $7K off MSRP on their leftover '06 3.6 models...
The last week of the year? I might shoot for $30K even..
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Is there a hesitation on the 3.6L's? Do I need to get the "Update / Patch fix for the hesitation problems on the 3.6? The one I am looking at arrived at the dealer's lot in the last week of October?
Anything that i need to check before I 1)buy 2)Take Delivery?
Thanks for your Help. Thanks
Found and Identical car on North Side of Detoit, two phone calls and 30 minutes later, had a verbal deal, was offering $1250 more than dealer 1, sight unseen for my trade. Drove out there and 30 minutes later was driving home, best purchase experience ever (30 years)
Dealer 1 tried to sweat me by calling on the 30th to let me know programs were expiring,,let him know I picked up my new Passat.
Thank you Edmunds forum for the input to target $1000 below invoice
Cheers
PRO
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After looking at dizzying number of cars, I discovered the VW Passat. The dealer had a 2006 Volkswagen Passat Sedan 4dr Sedan 2.0T Auto with Package 1. The sticker price is 27K+.
He offered it to me for purchase for about 21K. I thought it was a great deal and signed the paper. However, the next day he calls me to tell me that he made a mistake and that he based my price on the sticker price of a Jetta, not a Passat. He's asking for 2 thousand more for a total of $23K.
I don't know whether he did this on purpose or what but would very much like to know what's a fair value for this car. Is the 27K sticker price an actual 27K value, or is it less because the car is an '06.
Also, is there any other car out there that has the stylish appearance and interior of the Passat, is as safe, and costs less than 25K?
Thank you for any help! AJ
From reading some posts, there seems to be some great lease deals out there. I recently went to one of my local dealers, looked at a few & tested a 2.0T that was very well equipped (Pack 2 Sport, DVD Navi w/glove box mounted six disc changer & Dynaudio). I was very impressed w/the car! It stickered out approx $34k. Dealer says they can sell for approx $31k. I asked for the residual value & was told it is 53% (39 mo lease term / 15k miles). I am not sure if that is good, bad or average. Salesman did not know the current money factor. I have seen some great money factors in some posts & hope that VW Credit still offers a good factor.
Are there any additional incentives/rebates available to lower the selling price (sp)/cap cost? I would like to make a down payment of $0.00 as I do not see the sense of placing a downpayment on something that I am more than likely going to turn in the end of the lease. Odds are that I would never recoup that money.
So my questions are...
1. Is the 53% residual value for a lease of 39 mos - 15k/yr good, bad or average? Can that % be negotiated higher?
2. What is the current money factor through VW Credit?
3. Is the sp/cap cost for the Passat (equipped as listed above) good, bad or average? I think I know the answer to that one - I feel that it can be a lot better!
4. Are there any additional incentives/rebates available that will help reduce the sp/cap cost?
5. After all is said & done, where should I expect the monthly payment to fall for a Passat equipped like this one?
Thanks in advance for the info & guidance. I appreciate it!
I didn't drive the car home because I wanted to pay 2K cash upfront and I didn't have it. I didn't walk into the dealer with the idea of buying that day. He also said he needed to "prep" it, whatever that means.
I went to talk to the sales guy in charge at the dealer today and he said that on $23,500 he's actually not making a cent of a profit.
The other thing is, I'd like to get some information from other dealers on what they're willing to sell any existing 06 Passat 2.0L but none want to give prices over the phone. They all want to get me there so they can dazzle me with their sales pitch.
Buying a car is like going back to the 70's or something. Why can't we buy them on the internet?
I am looking to move ahead on one of these cars (see my earlier post - '07 Passat ?'s - for reference) & would like to get some feedback as this is my first time dealing with VW & I am a bit unsure of their pricing.
Thanks!
Oh, not sure if this will help, but there are at least 4 VW dealers in around my area. I guess they have to price their cars a tad more competitively.
axjim got a $22,500 + TTL for a 07 Passat (not wagon) with pkg #1, which seems a pretty good price. axjim, would you mind PM me where you qouted the price?
Billy
Its funny though how many people I talk to everyday, or should I say not talk to due to them not answering there emails and or phones....
Everyone that comes to edmunds.com has the power to make there own prices... Everyone wants to get you in the door to get you in a car... One that they have on the lot and one that you like. They dont want to talk price over the phone due to theirs alot more power in the dealership and there manager can see your an actual buyer... When your on the internet the easiest way to buy a car is give a legitimate offer... I could not tell you how many people come in here and say I want to pay invoice on a New GTI and or a decently equipped Passat.
They implemented a system such as the TMV price to where you establish a good price. Are you not happy with the True Market Value Price? I know everyone is looking for a deal right? But why a steal?
I'm sure I'm not totally correct, I'm just venting right now sorry guys....