There has been a reduction on the MF for the Passat this month. That’s good news because I thought the .00099 MF last month was a tad high. It’s been reduced to .00058 plus the residual has stayed the same. The deal still isn’t as good as I thought it would be due to a measly 4% discount off MSRP in my region. Maybe you will fare better in your neck of the woods. If you are looking to lease one of these and then pay off the car in a balloon payment at lease end, it might not bad a bad idea since the interest rate is 1.39% on the lease VS 1.9% on a purchase. However, if you can’t do a balloon payment at lease end, just buy it using this 1.9% APR. It will be cheaper in the long run.
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2012 VOLKSWAGEN PASSAT 2.5L S W/ APPEARANCE AT
MSRP – $23460
Sale Price – $22530
Monthly – $288+ tax
RWG Rating – 83.7
Support my site by getting your “no obligation” quotes from:
TrueCar.com
2012 VOLKSWAGEN CC SPORT AT
36 Month – Residual 51% of MSRP – .00028 Base Rate
2012 VOLKSWAGEN PASSAT 2.5L S W/ APPEARANCE AT
36 Month – Residual 55% of MSRP – .00058 Base Rate
2012 VOLKSWAGEN EOS KOMFORT AT
36 Month – Residual 51% of MSRP – .00037 Base Rate
2012 VOLKSWAGEN GOLF 2DR HATCHBACK AT
36 Month – Residual 52% of MSRP – .00084 Base Rate
2012 VOLKSWAGEN GTI 2DR HATCHBACK AT
36 Month – Residual 55% of MSRP – .00105 Base Rate
2012 VOLKSWAGEN JETTA SEDAN S AT
36 Month – Residual 55% of MSRP – .00055 Base Rate
2012 VOLKSWAGEN JETTA SEDAN SE AT W/ CONV + SUNROOF
36 Month – Residual 54% of MSRP – .00028 Base Rate
2012 VOLKSWAGEN GLI SEDAN AT
36 Month – Residual 54% of MSRP – .00069 Base Rate
2012 VOLKSWAGEN JETTA WAGON S AT
36 Month – Residual 51% of MSRP – .00068 Base Rate
2012 VOLKSWAGEN TOUAREG VR6 SPORT
36 Month – Residual 46% of MSRP – .00064 Base Rate
2012 VOLKSWAGEN TIGUAN S 4MOTION
36 Month – Residual 57% of MSRP – .00129 Base Rate
2012 VOLKSWAGEN ROUTAN S
36 Month – Residual 48% of MSRP – .00094 Base Rate
Looking to get an Passat SE Auto.
MSRP 25595
Neg Price 23300
TTL & Acq = 2,400 (Texas 6.25%)
56% Residual
0.00049
36 Month
12K a year
Monthly of $330 with 0 down
What do you think? I might just do Lease to Buy since Rate is lower than their 1.9 finance rate. Should I roll the TTL&Acq into the lease or pay that up front?
Also, I hear I have to pay ALL tax up front for the whole car in Texas, I assume I dont have to pay again when buying it at lease end?
Should I just pay Cash or Lease?
@david. if you have car to pay the car off in full, that’s always the better route. If don’t want to pay that much upfront, maybe you can ask the dealer if there’s a discount on the MF for a 1-Pay type lease. Some brands offer a discounted MF if you pay your lease payments in full, that way, rolling in the inception fees wouldn’t be a bad idea. Then, at the end of your lease, you can pay-off the car in a ballon-payment to avoid further interest charges. As for taxes, once your taxes are paid, you should not have to pay it again at least end when you buy the car.