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Prices Paid: Buying & Leasing Experiences Volvo S40 Prices Paid and Buying Experience
698 messages, Last post on Apr 29, 2009 at 10:36 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: macdian (Jan 05, 2008 12:06 am) 
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Replying to: kyfdx (Jan 05, 2008 7:51 am) 
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April 07 S40 2.4i, 8100 Miles. Base Model with these upgrades: 17" Alloy Wheels, Moon Roof, Premium Audio. Metalic Silver with Black Tec interior. Was their Loaner last year. MSRP $27630 Listed at $21250, I offered $18500, got worn out and Closed Deal at $19900 (Total 21518) MAJOR OMISSIONS: Trip Computer (I am hoping to have this installed, I found the parts for 100, but wonder what Volvo will charge to program the computer) Minor Omission: Power Seats Anyone have thoughts? |
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Carman, or whoever may be able to help, I'm looking to lease a car and i'm thinking about leasing a 2008 volvo s40 T5. I was wondering if anyone knows the current incentives/rebates that Volvo is offering. Also does anyone know what the current residual rate/money factor would be for a 24 month lease at 12,000 miles? The MSRP on the model i want is $33,900. Edmunds.com says i should pay around $31, 052 for that. Does that include any rebates volvo will offer, or is that the number i should aim to get them down to prior to including any rebates on top? Thanks to anyone who can help.
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Replying to: fogarty19 (Feb 17, 2008 2:16 pm) You should get them to sell/lease you the car at the invoice price minus the incentives, give or take a couple of hundred. I just negotiated an "invoice minus incentives" lease deal on a T5 - the dealer readily agreed. My T5 had no options and the capitalized cost was less than $22k after incentives. Use Edmunds's invoice number for the specific model and options you want. Then subtract the current incentives of $1500 if you're buying it or $6000 if you're leasing it ($7,000 if its an AWD version). The incentives are given to the dealer but should be passed along to you. These specific incentives were from the program in effect a couple of weeks ago - the program is expiring soon (if it hasn't already) but it undoubtedly will be renewed or go up a little bit. Ask your dealer to tell you the current numbers - it shouldn't be a secret. The Edmunds true market value price is just a general guide as to what some people are paying - I'm not sure whether it's an average including people who blindly pay sticker price or not, but in any event it usually is overstated except on cars that are in very high demand. Use invoice price as your guide, and then subtract the incentives.
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Replying to: jim99000 (Feb 19, 2008 10:11 am) MSRP- 33,014 x .43= 14196 25995 - 14196= 11, 798 11, 798/36= 327.95 25995 + 14196= 40191 x .00202= 81 327 + 81= 408 408 x .05 = 20 in tax a month 408 + 20= 429 a month with tax with $0 money down this seems like a decent deal to me, any opinions?
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Replying to: fogarty19 (Feb 20, 2008 9:54 am) Why do you think the outside lender screwed you on the residual value and money factor? I never asked about Volvo's residual/money factor compared to outside banks - do you know what the Volvo numbers were? Your deal is similar to mine. I would have insisted on an invoice deal but the extra couple of hundred bucks is minimal. My cap cost was less b/c I took less options ($21958). My money factor was .00168 and residual was .44 on a 36 month lease with 12K miles a year, so I guess the money factor was the only real semi-significant difference. I'm paying $305/mo with payment of bank fees and state sales tax upfront in my state.
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Replying to: jim99000 (Feb 23, 2008 8:21 am) |
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Does anyone know the current lease deals or incentives available for 2007 s40? My local Volvo dealership has 9 in stock and I'm sure they are very willing to get rid of them. My ideal lease would be 36 months at 12,000 miles per year. What would be the money factor and residual? Are there any manufacturer incentives available? Thanks, Jeff
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| I was looking at buying a used 2000,2001 s40. Can anybody tell me if they are reliable cars. any pro or cons. Thanks for your input. | |
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