Last post on Nov 17, 2009 at 4:49 AM
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Volvo S40, Car Leasing, Sedan
#111 of 299 2006 or 2007 Volvo S40 lease in Ohio
Oct 24, 2006 (2:38 pm)
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?
#112 of 299 Re: Fair price on 2007 S40? [Car_man]
Oct 27, 2006 (7:04 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.
#113 of 299 Re: 2006 or 2007 Volvo S40 lease in Ohio [lesvolvos40]
Oct 27, 2006 (8:33 am)
I do not know if you can achieve that goal in Columbus, but I know Bill Gray Volvo in Pittsburgh has that very car sitting right on their showroom floor. I also think your goal of $300 a month is attainable under the right conditions.
If I were you I would call Bill Gray Volvo and talk to their most tenured salesman. I cannot give you his name on this site, but he has a Polish last name. He may be able to make it worth the trip!
#114 of 299 Re: Update: Lease info on 2007 T5 AWD [Car_man]
Oct 27, 2006 (9:37 am)
Here are the details of the lease that I was able to arrange for the '07 S40 T5 AWD with climate, premium and audio packages and Sirius radio:
Cap cost: $27,462
Residual: 48.6% ($16,719)
Money factor: 0.00224
Due at signing: $1357
Monthly pmt: $397 + $40 (PA use tax)
You are right, this is not through Volvo Finance, but is through US Bank according to the dealer.
#115 of 299 Re: 2006 or 2007 Volvo S40 lease in Ohio [volvo4life]
Oct 27, 2006 (9:44 am)
I concur - it would be worth your trip to visit Bill Gray in Pittsburgh (a few hours away from Columbus). I put a deposit on an S40 T5 AWD with them. They have been a pleasure to deal with so far and blew away the best quotes I received from two other dealers. I have gone to Ohio myself to make a car purchase (BMW 3-series) in the past, and it was very worth it. Good luck!
#116 of 299 leasing 2007 S40 4D T5
Oct 30, 2006 (2:07 pm)
I'm looking to lease a 2007 Volvo S40 4D Sedan T5 Leather/sunroof, automatic. I live in Portland, Oregon. This is the deal I got from a dealer. Original MSRP: $25,385.00, Customer Cash Rebate: $2,500, Residual Value (49%) $12,438.65, 10,500 miles/yr, adjusted residual value: $12,692.50. It is for 36 months and with payment of $298.73/month. I believe it's a USB - Lease Program Tier 1 - Bureau Score 700+ - Zero Sec. Dep.
Please advise me if it's a good deal for me to enter. Thank you very much for your assistance.
#117 of 299 Leasing 2007 S40 2.4i
Nov 04, 2006 (10:44 pm)
I am in the process of leasing the volvo S40 2.4i. I need an automatic with just the basic features. Also, I need 20,000 miles each year. One dealer quoted me $412.00 each month with nothing down for a 36 month lease. Is this a fair offer?
#118 of 299 Re: 2006 or 2007 Volvo S40 lease in Ohio [lesvolvos40]
Nov 21, 2006 (9:50 am)
Hi lesvolvos40. Volvo is no longer providing lease support on 2006 S40 models, but it is providing $3,000 closeout dealer cash on it. Volvo is currently providing a $3,000 cash incentive on 2007 S40 2.4i and $4,500 on S40 T5 models that are leased through independent banks. I do not believe that it has cash incentives for these models when they are leased through Volvo Finance, but it does have a special lease program available on them. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 S40 2.4i with 12,000 miles per year are .00052 and 55%, respectively. The numbers for an otherwise identical lease of a 2007 S40 T5 2WD are .00022 and 54%. These money factors are very attractive. It is difficult to say what these cars' monthly payments will be without knowing what their MSRPs and selling prices are. If you provide me with these numbers I would be happy to estimate some lease payments for you.
Prices Paid Forum
#119 of 299 Re: Fair price on 2007 S40? [bigdummy77]
Nov 22, 2006 (3:54 am)
You're welcome, bigdummy77. It is very important that you find out this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash or financing it. You wouldn't pay cash for a car without asking its price. This is the same thing. Without knowing what this car's selling price is, it's difficult to tell how good a deal you are getting on it. Find out what this number is and compare it to the prices that other community members have paid for similar cars by visiting the following discussion: "Volvo S40: Prices Paid & Buying Experience".
Prices Paid Forum
#120 of 299 Re: leasing 2007 S40 4D T5 [bamboo4]
Nov 22, 2006 (4:01 am)
Greetings bamboo4. Volvo is currently providing a $4,500 incentive on S40 T5 2WD models that are leased through independent banks. If you are only getting $2,500 of it, you can do better. Furthermore, the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. So, you should be able to get the entire $4,500 off of this car's price and then at least negotiate another $1,000 discount off of this car's price. You should either renegotiate with this dealer or comparison shop a little bit.
Prices Paid Forum