Last post on May 02, 2013 at 12:54 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Volvo S60, Volvo S60 R, Sedan
#131 of 212 '08 S60 2.5T for $5.5k less than Edmunds TMV???
Apr 26, 2009 (3:20 am)
I was at a local used car super store (regional Carmax-like dealership) looking at a few Acura TLs and a Lexus IS 250. I was shocked to find a 2008 Volvo S60 2.5T in perfect condition with 19k miles for under $22k! The Edmunds TMV for Dealer Retail is showing as $27,616 and Trade-In is almost $23k...I'm trying to determine if I've lucked up on a great deal or is Edmunds TMV for the S60 way off?
The car is as follows-
2008 Volvo S60 2.5T
Premium Pkg- Sunroof, Pwr Passenger Seat, Geartronic, Wood Inlays
Climate Pkg- Heated Seats, Headlamp Washers, Rain Sensor
Perfect, As-New Condition
Balance of 48mo/50k warranty (2.5yrs/30k miles remaining)
I'm very tempted to snatch this one up for that price! The only thing I'd like to be different is the standard alloy wheels- it has the 16" EURUS and eventually I'd love to upgrade to 17" or 18" alloys.
The remaining warranty is reassuring. Are there any potential issues with this model/powertrain that I should be cautious about?
#132 of 212 Re: '08 S60 2.5T for $5.5k less than Edmunds TMV??? [igozoomzoom]
Apr 26, 2009 (6:54 am)
I see a lot of messages regarding the purchase of a Volvo S60 so I thought I'd post my info. In Jan 2008, I purchased a demo 2007 S60 with Premium Package, Climate package, and satellite pre-wiring with 6,000 miles on it for $25,795. I thought that was a great price...remember that was also before car sales completely fell off of a cliff so I'm sure you can get a much better deal now. My advice, negotiate the heck out of the price, buyers are in the driver's seat now. Oh, and I love the car, I'm glad I went with the S60.
#133 of 212 Re: '08 S60 2.5T for $5.5k less than Edmunds TMV??? [igozoomzoom]
Jun 06, 2009 (12:48 pm)
Hi, Igozoomzoon -
Catching onto your message late & am not sure if you already made a decision (most likely), BUT that seems a great deal to me and wouldn't hesitate. I bought a 2006 S60 in 2007 with 9.5K miles for $23.4K - which was great deal at the time, especially for SoCal prices. I have had absolutely no regrets - was considering a MB C280 at the time, glad for my S60!
#134 of 212 2008 S60 2.5T ASR Cert Pre-Owned
Aug 13, 2009 (6:29 am)
My wife is looking to trade up from her Mini to an S60 or S40. We came across this one at the local Volvo dealership (in Omaha, NE).
2008 Volvo S60 2.5T ASR
Exterior: Silver Metallic
Interior: Graphite leather
Premium package with moon roof & power passenger seat
Climate package with rain sensors & (?) headlight washers (?)
Asking price is $22,995.
The Carfax is clean & clear - it appears the car was a rental car. I know some about Volvo, but not much (haven't bought a car in 3+ years, and wasn't really looking at Volvo at the time). What is the forum consensus? Good deal or should we try and negotiate a bit more off?
Aug 15, 2009 (1:15 pm)
We are coming up on the 2010 model year, and many of us remember back in '07 when Volvo was offering tons of money cash back on leases from outside banks. The residuals on '07 R AWD's were in the low 17s on a 36 month lease.
With that in mind, wouldn't it make sense that the market is going to end up being flooded with all of these off lease S60 2.5, 2.5 AWD, and R AWD vehicles in the next 12 months at what seems like fire sale prices?
We have an S40 coming off lease in April, that had an original MSRP of 27,XXX and has a lease end residual of 13k - we will most certainly be buying it at lease end, but are also looking to maybe add an S60 AWD in the next year if the price was as low as it seems it could be. Thoughts?
#136 of 212 Re: 2008 S60 2.5T ASR Cert Pre-Owned [cosanostra]
Aug 15, 2009 (4:17 pm)
You should always try to negotiate a lower price...unless you're dealing with a "no-haggle" dealership, the asking price is only a starting point! Most of the pricing guides value the car at close to $23k, but I'd start at $21,500 and wouldn't pay more than $22k for it!
Usually, I'm not a big fan of former fleet cars (especially rentals), but this might be an exception to the rule. I know that Hertz used to offer products from Ford's luxury brands (Jaguar, Land Rover, Volvo, Lincoln) as their "Prestige Collection". Typically, they were rented by more upscale customers than typical rentals. So the cars should be in very good condition, especially with such low mileage!
The original 4-year/50,000-mile warranty is still in effect, correct?
#137 of 212 Re: Dropping Resale? [28firefighter]
Aug 20, 2009 (12:50 pm)
Nice low mile S60's are going for over book at the auctions right now. Even iffy cars are bringing close to book. I doubt you will see "fire sale" prices anytime soon.
#138 of 212 2008 S60 2.5T 50,000 Miles - $15,000. Good Buy?
Aug 24, 2009 (3:26 pm)
If it is indeed a good buy, should I purchase an extended warranty?
My initial reasearch suggests that I can get an extended warranty (4 yr, 50,000 miles) for about $3,300.
Any thoughts or suggestions?
#139 of 212 Re: 2008 S60 2.5T 50,000 Miles - $15,000. Good Buy? [dukeshah]
Aug 25, 2009 (5:04 pm)
Price is right about wholesale.
Considering that the car is out of warranty, you may want to consider buying one.
#140 of 212 2007 Coming off lease
Jan 28, 2010 (8:39 am)
Just wondering if anyone has seen any numbers lately either from personal experience or Manheim.
I have a '07 S60 2.5T with 31k coming off lease in 2 months and wondering if this would be a good buy or not.