Find or Sell Used Cars, Trucks, and SUVs in USA

1999 Volkswagen Passat Gls 4-door, V6 on 2040-cars

US $1,100.00
Year:1999 Mileage:175000
Location:

Mount Laurel, New Jersey, United States

Mount Laurel, New Jersey, United States
Advertising:

 Used VW Passat, ideal for parts or repair/resale.

This car actually runs great.  It's a 5-speed manual transmission.  There's never been an issue with the engine, sputtering, stalling, knocking... none of that.  The power steering fluid leaks and I don't have the know-how or $$ to fix it.  The battery needs to be replaced but it WILL hold a charge if you jump it, until you shut the car off.  Mileage is an estimate, and it's high -- I'm sure the mileage is lower than that (I think it's actually around 173000) but I would have to jump start it to get an accurate number because that's digital.  One of the tires has a slow leak, but it's very slow.  I refilled it over a month ago and it's just starting to show signs of air loss.  Also needs to have a fuse or circuit replaced, which is in charge of the power windows and locks, gas lock and trunk lock buttons (the gas door is unlocked at the moment so that it can be accessed). 

Leather interior, sunroof, alarm, brand new key fob, cd-player with cassette and removable faceplate, a/c, heated seats... if you can fix the few issues with it, awesome.  If you can break it down and sell it for parts, awesome. 

Title is clean.  I'm pretty sure I'm the 3rd owner (the 2nd owner being Red Cross Auto Sales, which is where I purchased it). 

BUYER is responsible for pick-up of vehicle.  Whether you tow it, drive it or have someone else deliver it to you, it's your responsibility 100%.  I offer no discounts, I will pay no towing or delivery fees, that's 100% your responsibility.

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Auto blog

Volkswagen forced to sell stake in Suzuki

Mon, Aug 31 2015

The six-year-long failed marriage between Volkswagen and Suzuki has finally come to an end. Almost. An arbitration panel in London issued its final verdict which, according to a VW press release, cleared Suzuki in terminating the agreement, so VW now needs to get rid of its 19.9-percent share. However, the tribunal's decision said VW performed all of its obligations and Suzuki didn't – the Japanese carmaker should have given VW last-call rights for a delivery of diesel engines, but failed to. The breach opens Suzuki up to damage claim, but so far VW only says it reserves the right to sue. Now that Suzuki has an outside investor to provide funds it meant to get from VW, perhaps both can get back to their reasons for being. The press release is below. Ruling in arbitration proceedings: Cooperation between Volkswagen and Suzuki deemed terminated - Arbitral tribunal confirms Volkswagen met contractual obligations and finds that Suzuki has ordinary right to terminate agreement based on reasonable notice - Volkswagen to dispose of its 19.9 percent stake in Suzuki and expects positive effect on Company's earnings and liquidity from transaction - Arbitrators also find that Suzuki breached its contractual obligations to Volkswagen under the agreement and that Volkswagen has right to claim damages Wolfsburg, 30 August 2015 - An arbitral tribunal in London has announced its ruling in the dispute between Suzuki Motor Corporation and Volkswagen Aktiengesellschaft. As a result, cooperation between the two parties is deemed terminated. The arbitrators confirmed that Volkswagen met its contractual obligations under the cooperation agreement and found that Suzuki has terminated the agreement upon reasonable notice. Volkswagen will therefore now dispose of its 19.9 percent stake in Suzuki and expects a positive effect on the Company's earnings and liquidity from the transaction. The arbitral tribunal also confirmed that Suzuki breached its contractual obligations to Volkswagen under the agreement and that Volkswagen has the right to claim damages. "We welcome the clarity created by this ruling. The tribunal rejected Suzuki's claims of breach and found that Volkswagen met its contractual obligations under the cooperation agreement. Nevertheless, the arbitrators found that termination of the cooperation agreement by Suzuki on reasonable notice was valid, and that Volkswagen must dispose of the shares purchased.

If VW defaults on loans it may sell Bentley or Lamborghini

Mon, Dec 7 2015

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.

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