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Volvo S40 Lease Questions

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

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

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#116 of 260 leasing 2007 S40 4D T5 by bamboo4 Oct 30, 2006 (3:07 pm)
Hi Carman, 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. Bamboo4 Replies to this message: Car_man (Nov 22, 2006 5:01 am)
#117 of 260 Leasing 2007 S40 2.4i by bpadill2 Nov 04, 2006 (11:44 pm)
Hi Car-man,   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? Replies to this message: Car_man (Nov 22, 2006 5:05 am)
#118 of 260 Re: 2006 or 2007 Volvo S40 lease in Ohio [lesvolvos40] by Car_man HOST Nov 21, 2006 (10:50 am)
Replying to: lesvolvos40 (Oct 24, 2006 3:38 pm) 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.   Car_man Host Prices Paid Forum
#119 of 260 Re: Fair price on 2007 S40? [bigdummy77] by Car_man HOST Nov 22, 2006 (4:54 am)
Replying to: bigdummy77 (Oct 27, 2006 8:04 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".   Car_man Host Prices Paid Forum
#120 of 260 Re: leasing 2007 S40 4D T5 [bamboo4] by Car_man HOST Nov 22, 2006 (5:01 am)
Replying to: bamboo4 (Oct 30, 2006 3:07 pm) 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.   Car_man Host Prices Paid Forum
#121 of 260 Re: Leasing 2007 S40 2.4i [bpadill2] by Car_man HOST Nov 22, 2006 (5:05 am)
Replying to: bpadill2 (Nov 04, 2006 11:44 pm) 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.   Car_man Host Prices Paid Forum
#122 of 260 T5 Leasing Help by cdt1 Nov 24, 2006 (2:47 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: MSRP $34,662 Price $28,927 (this included the $4500 incentive) Proc Fee $1,095 Lic/Title $246.50 Acq Fee $49.50 Net Cap Cost $31,258.30 Residual 49% Money Factor .00214 Payment $499.72   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!   Chris Replies to this message: Car_man (Dec 19, 2006 4:59 am)
#123 of 260 2006 T5 FWD questions by hatl22 Dec 01, 2006 (9:34 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? Replies to this message: Car_man (Dec 19, 2006 5:10 am)
#124 of 260 2007 S40 2.4 Lease Review by c_anvil Dec 03, 2006 (3:01 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. Replies to this message: Car_man (Dec 19, 2006 5:21 am)
#125 of 260 Re: T5 Leasing Help [cdt1] by Car_man HOST Dec 19, 2006 (4:59 am)
Replying to: cdt1 (Nov 24, 2006 2:47 pm) Hi Chris. I see that you are leasing this car through an independent bank rather than VW Credit so that you can take advantage of the special $4,500 cash incentive. The price that you were quoted for this car looks pretty good to me. It's probably around $500 over invoice or so once the cash incentive is backed out, which is a good deal. I'm not sure what the $1,095 "Processing Fee" is though. If this is something like a "doc fee" that is being tacked on by your dealer, it's nothing more than added profit and this deal isn't that good. If it is an acquisition fee that is being charged by the bank that you are leasing through, it is necessary, but still way too high. Most banks charge an acquisition fee of around $600 or so on leases.   The payment that you were quoted is probably within a few dollars of what it would cost to lease this car through Volvo Finance right now without the $4,500. While I wouldn't say that this is a "good" deal in the sense that I would never pay $500 a month to lease Volvo S40, this isn't a terrible deal for this model once the questionable "proc fee" is backed out.   Car_man Host Prices Paid Forum

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