Last post on Nov 17, 2009 at 4:49 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Volvo S40, Car Leasing, Sedan
#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
#121 of 299 Re: Leasing 2007 S40 2.4i [bpadill2]
Nov 22, 2006 (4:05 am)
Hi bpadill2. 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.
Prices Paid Forum
#122 of 299 T5 Leasing Help
Nov 24, 2006 (1:47 pm)
I'm trying to lease a 2007 T5 2WD with audio package and sirius, premium package, climate package, keyless drive and xenon headlights. I'm leasing this for 36 months, 12k per year. Here's what they quoted me:
Price $28,927 (this included the $4500 incentive)
Proc Fee $1,095
Acq Fee $49.50
Net Cap Cost $31,258.30
Money Factor .00214
Obviously this payment is alot higher than I expected to get. I need some help here. Did I get quoted a decent price for the car? What about that $1,095 processing fee?
The residual also seemed a little low to me.
If Car_man or anyone else can help, I'd appreciate it. Thanks!
#123 of 299 2006 T5 FWD questions
Dec 01, 2006 (8:34 pm)
Hello to all,
I am interested in a Volvo in Minneapolis. There is a 2006 S40 T5 2WD for sale at a dealer in the area for $27,500. It is new (not a program return or anything), so I am hoping to work out a nice lease for around/under $300/mo. Is this unreasonable given that there aren't incentives or lease support for 2006s now? Or has there been a change? How should I proceed? What should I expect from a bank financed lease (loans for cars in MN are typically a percentage or so higher than the national average, guessing lease money factors are, too?)? The model I am interested in has manual transmission, climate pkg, premium pkg, audio pkg, and traction control. Would it be smarter for me to look at 2007 T5 AWDs? Prices on 2007s at the same dealer are $33,260 and $34,925 for models similarly equipped to the 2006 I like. My credit isn't the greatest (less than 700, over 650). Can I do it?
#124 of 299 2007 S40 2.4 Lease Review
Dec 03, 2006 (2:01 pm)
I am looking for help in reviewing a lease offer that I have been quoted for an S40 2.4i in St. Louis, MO.
Electric Silver Metalic, Automatic, T-Tec,Sunroof, Select Package, Climate Package.
MSRP - $29,605 - Their Offer $24.995
Net Cap Cost - $25,590
Lease Term - 36 Months / 15,000 Miles Per Year
Money Factor - .00223
Residual - $14,507 + Lender sets a nominal purchase or disposition fee.
Monthly Payment - $396+ Tax (Approx 7.5% depending on residence zip code)
No Down Payment
Due at Lease Signing - $476 (1st pymt. + $50 License)
I feel that this is a relatively good deal especially with no down payment. I am wondering if there is any room for me to negotiate a better purchase price. Is there any information that anyone can provide me to possibly negotiate the price down about a $1,000 to $23,995 and get the payments under $400 per month with no money down. Any help would be greatly appreciated.