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You are in the Prices Paid - Buying & Leasing Experiences
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Volvo S40, Sedan
#1 of 698 Volvo S40: Prices Paid & Buying Experience
May 26, 2004 (4:54 am)
Welcome, bring your buying experiences here!
#2 of 698 Volvo S40 2.4i (year 2004.5)
May 24, 2004 (4:20 pm)
I just leased the brand new Volvo S40 2.4i (year 2004.5). My agreed upon value was 23,927.46, which gave me a 3600 dollar down payment, and a $278 monthly payment. My S40 came with the premium package, and the climate package. This was my first brand new car purchase/lease, so I'm really curious how I made out.
#3 of 698 Re: new , redesigned Volvo S40.... [ghulet #56]
May 24, 2004 (4:24 pm)
I just got one on a lease. I put 3600 down, and got my payments at 278 per month! I think this is pretty good, but the verdict is still out. Mine came with the premium package, as well as the climate package. I got a black ext, with off-black interior.
#4 of 698 Re: new , redesigned Volvo S40.... [windsor #3]
May 26, 2004 (4:13 pm)
Yea, but your payments bring the credit issue into play. This is the big problem I am having, the dealership is telling me that I have a higher than originally expected monthly payment because chase has me as a tier 3 customer. This is really wierd because my credit score from the 3 bureaus is as following: 693, 667, 688. No where near tier three. What was your gross cap cost? Mine was 24,226
May 28, 2004 (6:03 am)
Awaiting (very anxiously!) delivery of my new T5 - black on black leather, premium - audio - sport packages - automatic ...
Leased for 48 months (I believe this one is a keeper!)
Payments are $419 with Zero out-of-pocket (except first month's payment); cap cost of 28,500; MSRP 32,850; 40% residual.
Dyer&Dyer Volvo did it again ... I will be a little sad to see my trusty 2000 S40 go away tomorrow, but my shiny new T5 will chase those blues away the minute I step on the gas pedal!! Wahoo!
#6 of 698 leaseguide.com
May 28, 2004 (6:06 am)
Check out leaseguide.com - they have a lot of good information including (for a fee of $20) a package that will evaluate current or pending leases against certain criteria and rate the lease terms. I found it very helpful and up-to-date! And especially reassuring when you plug in your final lease terms and it comes back with a "good" or "excellent" ...
#7 of 698 2004.5 Volvo S40 T5 Pricing
Jun 01, 2004 (11:15 am)
I posted this question on the New S40/V50 board, but did not get a response. Now that this board is in place, I thought I would try again.
I'm looking at getting a 2004.5 (or probably ordering a 2005) Volvo S40. The MSRP is $33,750 with everything that I want in it. The invoice price is $31,386 and Edmund's TMV is $33,399. For anyone who's bought a 2004.5 Volvo S40 did you get a better deal than the TMV for your configured vehicle? Did you pay close to MSRP or close to invoice?
#8 of 698 twillia
Jun 01, 2004 (9:47 pm)
I ended up leasing instead of buying, and so I cannot help much. All of my attention was on the monthly payments and startup. If you are negotiating on a 2004.5 S40 already on the dealer's lot, I think you could negotiate a price of about $800-$1000 over invoice. You should definitely do much better than the TMV price. The '05 models should begin arriving in 3 more months, and so I doubt you'll need to stay near the MSRP on the '04.5 models. If, instead, you need to custom order, then you'll be ordering an '05 model, which will probably sell near the TMV price.
By the way, you might consider leasing instead of buying. I don't know if this is still in effect, but Volvo was recently providing a $3000 incentive towards a lease of the S40. I rarely lease my vehicles, but this incentive convinced me to do so.
I see you live in Chandler. Have you talked to anyone at Powell Volvo? I recommend that you check out their web site and look up their Fleet Sales Manager. He was able to put together a much better lease package for me than North Scottsdale Volvo.
#9 of 698 2005 S40 T5
Jun 05, 2004 (3:33 pm)
I just recently placed on order at Lawrence Volvo in Walnut Creek, California for:
2005 Volvo S40 T5 (automatic)
Black exterior, beige interior
Edmunds doesn't have the premium package's invoice price but, according to Kelly Blue Book it is $1,887. Factoring that in, according to Edmunds, MSRP is $32,115, TMV is $31,909, and invoice is $29,980.
Volvo has a deal called the Overseas Delivery Program where they will give anyone two free round-trip tickets to Sweden on SAS airlines to take a tour of the Volvo factory (isn't the S40 made in Belgium?), one night's accomodations in Gothenburg, Sweden, and free auto insurance for 14 days if I want to drive around in Europe in my new Volvo.
In taking this route to purchasing this car I paid just slightly below invoice, $29,850. The only downside is I won't have the car in the US until ~September. That's a good trade off considering I'm not in a rush to get my car and I was planing on taking a vacation anyway
Jun 07, 2004 (7:31 am)
Yes, the new S40 is assembled in Belgium.