Ask the Car People.SM


Volvo S40 Lease Questions

299 messages,  Last post on Nov 17, 2009 at 5:49 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 14 of 31

#127 of 299 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 299 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?

#129 of 299 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?

#130 of 299 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 299 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

#132 of 299 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

#133 of 299 Re: S40 gas mileage [grat] by Car_man HOST

Feb 19, 2007 (4:22 am)

Replying to: grat (Feb 04, 2007 7:05 pm)
Hi grat. I'm sorry to hear about your car's poor gas mileage. This particular discussion is for community members to ask questions about leasing this car. You will probably have better luck getting feedback on your gas mileage issue by visiting the following discussion: "Volvo S40".
 
Car_man
Host
Prices Paid Forum

#134 of 299 Re: Lease Question [jsevenseven] by Car_man HOST

Feb 19, 2007 (4:26 am)

Replying to: jsevenseven (Feb 13, 2007 7:46 pm)
Hi jsevenseven. For some reason, I don't believe that Volvo is running a special lease on the S40 T5 AWD through Volvo Finance this month. As a result, if you want to lease one you will have to do so through an independent bank. The good news is that Volvo is currently providing a special cash incentive of $5,500 on '07 S40 T5 AWD models that are leased through independent banks. Make sure to take this huge incentive into account when negotiating your car's capitalized cost.
 
Car_man
Host
Prices Paid Forum

#135 of 299 Re: Lease Question [Car_man] by qbrozen

Feb 22, 2007 (11:41 am)

Replying to: Car_man (Feb 19, 2007 4:26 am)
Is that ONLY on the T5 AWD?
is there any cash on other S40 models? and, if so, how much?
 
thanks.

#136 of 299 Re: Lease Question [qbrozen] by Car_man HOST

Mar 01, 2007 (5:09 am)

Replying to: qbrozen (Feb 22, 2007 11:41 am)
Hey qbrozen. Volvo has cash incentives for leases of all variants of the 2007 S40 that are leased through independent banks. Its allowances are $3,000 on the '07 S40 2.4i, $4,500 on the '07 T5, and $5,500 on the '07 S40 T5 AWD. It also is providing $500 owner loyalty / conquest cash on the '07 S40 that you should be able to take advantage of of you are currently leasing or own any vehicle and lease a new one through an independent bank.
 
Car_man
Host
Prices Paid Forum

Messages Page 14 of 31

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement