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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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#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
#126 of 260 Re: 2006 T5 FWD questions [hatl22] by Car_man HOST Dec 19, 2006 (5:10 am)
Replying to: hatl22 (Dec 01, 2006 9:34 pm) Greetings hatl22. I don't believe that Volvo is providing lease support on 2006 models any longer. If you really want to lease this car, you will probably have to do so through an independent bank. Use the $3,000 cash incentive that is currently available on leftover 2006 S40s to negotiate as low a selling price as possible and then have the dealer work up a lease payment for you. Unfortunately, I suspect that this car is going to cost a lot more than $300 a month to lease. Even a 2007 model, which has a better lease program available on it, will cost more to lease than that. It probably is not a good idea to lease a 2006 S40 right now.   Car_man Host Prices Paid Forum
#127 of 260 Re: 2007 S40 2.4 Lease Review [c_anvil] by Car_man HOST Dec 19, 2006 (5:21 am)
Replying to: c_anvil (Dec 03, 2006 3:01 pm) Hi c_anvil. It looks as though this lease is being run through an independent bank rather than through Volvo Finance. The advantage of doing this is you can take advantage of a $3,000 cash incentive. When this cash incentive is backed out of this deal, you are getting around a $1,600 discount. This is a pretty good discount on a car that doesn't have much of a spread between its MSRP and dealer invoice price. I doubt that you are going to get much more of a discount than that on this car, but you can always stop by the following discussion to see how much other community members have paid for similar cars: "Volvo S40: Prices Paid & Buying Experience".   There are a lot of really nice cars out there that one can lease for nearly $500 a month. I personally wouldn't pay this much for a Volvo S40 2.4i, but this is probably as cheap as this car is going to be to lease right now.   Car_man Host Prices Paid Forum
#128 of 260 Ending Lease Two Years Early by fhpa Feb 02, 2007 (2:52 pm)
I leased a 2005 S40 in 2005 for a four year term. I've been considering trading it in and wanted to know if there are any pitfalls that I should be aware of. It currently has very low miles (16k. Any suggestions? Replies to this message: Car_man (Feb 19, 2007 4:19 am)
#129 of 260 S40 gas mileage by grat Feb 04, 2007 (7:05 pm)
I have a 2004.5 S40 2.4i. I love everything about it but the gas mileage. I only get about 12-14 city and 15-17 highway (no matter what type of gas I use). I've seen reviews where everyone is impressed with mileage, so I'm thinking it's just mine. Can I do anything about this? Replies to this message: Car_man (Feb 19, 2007 4:22 am)
#130 of 260 Lease on S40 T5 AWD 3 yr 15,000 miles by suyunappa Feb 07, 2007 (10:31 pm)
Just got my first car in 15 years....   S40 T5 AWD Automatic Titanium Gray Audio/Sirius/Premium/Climate 3 year and 15K miles/yr   MSRP $35,625 Invoice $33,262 Agreed Price $26,692 (after incentives + dealer discount) Gross and adjusted Cap Cost $27,487 (no cap reduction, Price+acquisition fees) Residual Value $16,387.50   Drive off= 1st month + Fees = 729.19 Payment $400.46 + CA Tax = 433.50   I hope this is a good deal!
#131 of 260 Lease Question by jsevenseven Feb 13, 2007 (7:46 pm)
Car Man, I am thinking about leasing an S40 T5 AWD. What is the money factor and residual for 36 months and 10K miles per year. Also it seems like there is more incentive money available then the $500.00 listed on this web site. I live in the Chicago Area where there is an extra tax hit on leasing. Thanks Replies to this message: Car_man (Feb 19, 2007 4:26 am) qbrozen (Feb 22, 2007 11:41 am) Car_man (Mar 01, 2007 5:09 am) and 12 more...
#132 of 260 Re: Ending Lease Two Years Early [fhpa] by Car_man HOST Feb 19, 2007 (4:19 am)
Replying to: fhpa (Feb 02, 2007 2:52 pm) I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Some of our most knowledgeable community members frequent that discussion and they are often kind enough to give others their opinions of vehicles' value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.   Car_man Host Prices Paid Forum

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