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Volvo S40 Lease Questions

260 messages,  Last post on Jul 16, 2008 at 3:16 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Volvo S40, Car Leasing, Sedan


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#103 of 260
Update: Lease info on 2007 T5 AWD by jobualli
Oct 18, 2006 (8:28 pm)
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Dear Car-Man,
 
After another day of haggling, this is where I currently stand with 36-month, 15,000 miles/year lease quotes from two different dealers (this is for an '07 S40 T5 AWD, Prem Pkg, Audio Pkg, Climate Pkg, Metallic Paint and Sirius Radio MSRP $34,375):
 
Dealer A - cap cost $26,209 - residual value 44% ($15,125) - money factor 0.00250 - total up-front money $1352 - total monthly payment (with 10% use tax) $452.
 
Dealer B - cap cost $27,462 - residual value 48.64% ($16,719) - money factor: 0.00250 - total up-front money $1357 - total monthly payment $437.
 
How can two dealers in the same area (Pittsburgh, PA) give me two different residual values for the same car? They both seem low compared to what I have been reading on here. Dealer A claims that Dealer B is clearly using faulty numbers, that they have a history of these kinds of stunts, and will likely pull a bait and switch on me, changing the deal with correct numbers when the time comes.
 
Dealer A seems to have better service and has a better overall "feel" to me than Dealer B (for example, Dealer B seemed ultra secretive, not allowing me to take a copy of their detailed lease quote with me), but is this worth $15 a month more?
 
Any and all advice would be greatly appreciated!
#104 of 260
Re: Update: Lease info on 2007 T5 AWD [jobualli] by cheapskate87
Oct 20, 2006 (9:52 pm)
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Replying to: jobualli (Oct 18, 2006 8:28 pm)

Jobualli,
 
I am looking at the S40i with select and climate package at dealers in Pgh and I got $398 with tax 36/15K $1300 at siging with an msrp of $28,335, no negotiation yet just an email quote. This is from Bill Gray, where are your quotes from? I want the awd but wanted a base point for the price with s40i before I asked for the AWD pricing. I have dealt with bill gray in the past and they were all pretty honest people and were pretty no nonsense, I have not dealt with any of the other dealers yet so I will find out their pricing in the next few days.
#105 of 260
Re: November lease programs? [Car_man] by mccourt
Oct 23, 2006 (9:36 am)
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Replying to: Car_man (Nov 02, 2005 5:35 am)

I received the following lease offer for a 2007 S40 T5 AWD automatic with climate and premium packages:
 
36 months, 10k miles per year, $1,200 for initial fees (bank, motor vehicle & doc fees) + first month, $0 additional down. The money factor used is .00217 and the residual is $17,573.
 
For $336/month (incl tax) is this is a good deal?
#106 of 260
Re: Update: Lease info on 2007 T5 AWD [cheapskate87] by jobualli
Oct 23, 2006 (4:31 pm)
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Replying to: cheapskate87 (Oct 20, 2006 9:52 pm)

Cheapskate,
 
I put a deposit on a deal with BG on Saturday. I am glad to hear that you have had good experience with them. I will be sure to let you know how mine goes, once I have taken delivery, etc. I think my initial lack of trust was partly due to never dealing with them before and partly due to the tactics their competitor was playing. I am happy with how things have gone so far. Stay tuned...
#107 of 260
Re: Fair price on 2007 S40? [bigdummy77] by Car_man HOST
Oct 24, 2006 (3:45 am)
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Replying to: bigdummy77 (Oct 14, 2006 5:23 am)

Hi bigdummy77. I would be happy to give you my opinion of this deal. However, it would be a big help if you were able to provide me with its selling price first. Once I know what its price is I can tell you what I think of it and use it to calculate what this car's monthly payment should be.
 
Car_man
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Prices Paid Forum
#108 of 260
Re: Lease on 2007 S40 T5 AWD [jobualli] by Car_man HOST
Oct 24, 2006 (3:47 am)
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Replying to: jobualli (Oct 17, 2006 3:21 pm)

Greetings jobualli. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of these deals if you let me know what these numbers are.
 
Car_man
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Prices Paid Forum
#109 of 260
Re: Update: Lease info on 2007 T5 AWD [jobualli] by Car_man HOST
Oct 24, 2006 (3:52 am)
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Replying to: jobualli (Oct 18, 2006 8:28 pm)

Hey jobualli. It does not appear as though the leases that you were quoted are bring run through Volvo Finance. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 S40 T5 AWD with 15,000 miles per year are an amazing .00001 and 51%, respectively. The deals that you were quoted are probably being run through an independent bank. Volvo dealers sometimes run leases through independent banks instead of Volvo Finance because Volvo provides special cash incentives on leases of its models through independent banks. Specifically, Volvo is currently providing a $5,500 cash incentive on leases of 2007 S40 T5 AWD models that are leased through any bank other than Volvo Finance. Make sure to use this cash to negotiate an extremely low capitalized cost for your lease.
 
Car_man
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Prices Paid Forum
#110 of 260
Re: November lease programs? [mccourt] by Car_man HOST
Oct 24, 2006 (3:53 am)
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Replying to: mccourt (Oct 23, 2006 9:36 am)

Hi mccourt. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
 
Car_man
Host
Prices Paid Forum
#111 of 260
2006 or 2007 Volvo S40 lease in Ohio by lesvolvos40
Oct 24, 2006 (3:38 pm)
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Car_Man,
 
I am in the market to get a 2006 or 2007 S40 (any model) for $300 a month or less. The only things I need are automatic and heated seats.
 
It would seem based on previous posts that Volvo is offering some handsome incentives ($5,500 cash incentive on leases of 2007 S40 T5 AWD models that are leased through any bank other than Volvo Finance) which may make the T5 more affordable that the 2.4i. Few questions.
 
1) Are there any incentive in ohio (columbus) on a 2006 or 2007 2.4i? Is the incentives on the T5 available in this market?
 
2) What is the residual I can use (36 month, 12k miles) for both a 2.4i and T5 (again, only automatic and heated seats needed).
 
3) What is the money factor I can use assuming Volvo finances the car.
 
Do you think I can achieve my $300 or less goal?
 
Thanks
#112 of 260
Re: Fair price on 2007 S40? [Car_man] by bigdummy77
Oct 27, 2006 (8:04 am)
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Replying to: Car_man (Oct 24, 2006 3:45 am)

Thanks for the response. I wasn't really going to the dealer with the intention of leasing, so I don't have an actual selling price. I can tell you the MSRP on the car was $29,300.

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