16 VW Passat R-Line

Ask the Hackrs
1

Could anyone look at this and tell me if its a good deal or if there is room for improvement?

Thanks!

2

Hi,

I’m not sure if the R-Line residuals are different from the Passat S covered in the recent “Midsize Sedan Leases Ranked” article here on Leasehackr, but something looks not quite right.

At about 16% off MSRP, the selling price looks good – for reference, the “excellent deal” Passat S from that recent article was less than 15% off MSRP. When I punch in the details listed into the lease calculator here (using 50% residual, 0 down, $1,250 incentive, and 8% tax rate), something is not quite right though. I’m getting $217 before taxes ($235 with taxes), $0 down, and $821 drive off. Your payment here looks about $12 per month extra, despite $1,167.26 of customer cash (is that intended as a down-payment?) – total of about $1,600 at play with those discrepancies.

3

Thanks for the reply, I believe the residual is 49% and tax rate is 9% for Southern California. I would like to just pay the first month and reg fees upfront so the payment would be a little more. My goal was to be at or under the $200/month mark, but I’m not sure if I’m asking for too much?

4

Deal looks great. The selling price is lower than what I’m seeing from dealers on TrueCar.

The low residual (49%) is a bummer, but it’s offset by the large discount off MSRP and near-zero interest. Plus, with such a low residual, it’s not a bad idea to consider purchasing it at lease-end, if you still like the car after three years.

5

Thanks for the insight!

7

Any chance you can share that title only showing the numbers? I have
dealer who say they will match the 16% off but have to see it.

8

So the dealership just told me

0 down
275 ( with tax - SoCal LA) x 35 payments
12k year

How does that sound?