- #233 of 299
-
Re: 2008 Vovlo S40 T5 [volgirl]
by fogarty19
-
Feb 18, 2008 (4:45 pm)
-
|
|
Replying to: volgirl (Feb 17, 2008 5:46 pm)
thanks for the info. I just got quoted on a 2008 s40 T-5 MSRP 33,000 with a net cap of 28,000 which i was happy with. The surprise for me was that on a 36 month lease at 12,000 miles they are only giving me a 43% residual. That seems really low to me. The interest rate is ok at 3%. All in all at 0 down it is $460 a month with tax which seems like an ok deal, but i was hoping to get it around $430 with tax
|
- #234 of 299
-
Re: 2008 Vovlo S40 T5 [fogarty19]
by fogarty19
-
Feb 20, 2008 (10:03 am)
-
|
|
Replying to: fogarty19 (Feb 18, 2008 4:45 pm)
an update on the deal for this car, if anyone cares or has an opinion on it i would appreciate any help.
I talked with the dealer and got him down a little. The MSRP is 33,000. They dropped it to 31,000 (invoice is 30,800). Then they took off the $6000 incentive so it comes down to 25,000 (but you have to have $995 in volvo/bank fees so the Net Cap is 25995). As for a net cap i think that is a very good deal. However, to get the $6000 off i have to go through volvo's outside lender who screws me with the residual and the money factor. the residual rate is 43% and the money factor is .00202 (or 4.92%).
when you calculate it out, see below, at $0 down, it comes to about $408 a month pre-tax and 429 with 5% sales tax (MA) for a 36 month lease at 12,000 miles.
MSRP- 33,014 x .43= 14196
25995 - 14196= 11, 798
11, 798/36= 327.95
25995 + 14196= 40191 x .00202= 81
327 + 81= 408
408 x .05 = 20 in tax a month
408 + 20= 429 a month with tax with $0 money down
this seems like a decent deal to me, any opinions? does anyone think i can get them to drop it a little more (ie from 31,000 to say 30,000 or 30,500)?
|
- #235 of 299
-
Re: 2008 Vovlo S40 T5 [fogarty19]
by gforce11
-
Feb 22, 2008 (3:37 pm)
-
|
|
Replying to: fogarty19 (Feb 20, 2008 10:03 am)
Do they have turn in fees? If so, how much. I made the mistake of not paying attention to that....its gonna cost me a whopping 650 bucks to turning my car at the nd of the lease. Personally I think the deal sucks. Cars with bad residuals and high MFs make leases because it essentially eats away all the discounts they give you. S40 seems to be a car you should buy (assuming you love it) instead of lease. I'd rather pay a drive-off of around $1000 and drive away with an Acura TL for a similar monthly.
|
- #236 of 299
-
March lease numbers?
by paulsaz
-
Mar 04, 2008 (12:01 pm)
-
|
|
Does anyone know the March numbers for the 2.4i? Also does Volvo have any specials for current Volvo owners?
|
- #237 of 299
-
Re: March lease numbers? [paulsaz]
by paulsaz
-
Mar 13, 2008 (9:10 pm)
-
|
|
Replying to: paulsaz (Mar 04, 2008 12:01 pm)
Anyone have the March S40 numbers?
|
- #238 of 299
-
Re: 2008 updates [paulsaz]
by Car_man HOST
-
Mar 18, 2008 (2:26 am)
-
|
|
Replying to: paulsaz (Feb 16, 2008 9:49 am)
Hi paulsaz. It's great that you are able to purchase, or in this case lease I guess, the S50 that you want through the X-Plan. As you know, this guarantees that you will get a great price without having to haggle. I don't believe that Volvo is currently offering any loyalty cash on this model, but it does have a $500 cash incentive on leases of it through Volvo Finance. Volvo Finance is currently running a special lease program on base versions of this car. It you were to lease a base 2008 S40 2.4i through Volvo Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00008 and 47%, respectively.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #239 of 299
-
Re: 2008 Vovlo S40 T5 [fogarty19]
by Car_man HOST
-
Mar 18, 2008 (2:42 am)
-
|
|
Replying to: fogarty19 (Feb 17, 2008 2:24 pm)
Hi fogarty19. I have heard that for some reason Volvo is not currently providing lease support on any S40 trim levels except for stripped 2.4i models. If this is true and you wanted to lease an '08 S40 T5 through Volvo Finance, you would have to use its absurd standard money factor of .00438. You will likely find that you are better off taking advantage of the large cash incentive that Volvo is providing on leases of this car through independent banks, something like $5,500, instead of leasing through Volvo Finance.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #240 of 299
-
Re: March lease numbers? [paulsaz]
by Car_man HOST
-
Mar 18, 2008 (2:49 am)
-
|
|
Replying to: paulsaz (Mar 04, 2008 12:01 pm)
Hi paulsaz. I have heard that the only S40 model that Volvo is currently offering lease support on through Volvo Finance is the base 2.4i. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease for a stripped 2008 S40 2.4i with 15,000 miles per year are .00008 and 47%, respectively. If you want to lease any other version of this car, you would probably be better off doing so through an independent bank. Volvo is providing large cash incentives on S40 models that are leased through banks other than its captive finance company. I believe its cash allowance on leases of '08 S40 2.4i models through independent banks is currently $4,500.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #241 of 299
-
Re: March lease numbers? [paulsaz]
by Car_man HOST
-
Mar 18, 2008 (2:50 am)
-
|
|
Replying to: paulsaz (Mar 13, 2008 9:10 pm)
Hi paulsaz. Please see my previous post. Let me know if you have any other questions.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #242 of 299
-
S40 2.4i lease question, please help
by francek
-
Mar 21, 2008 (8:04 pm)
-
|
I just went into the Volvo dealership and I think they tried to take me for a ride. I am looking for 2.4i, 5 speed manual, non leather, but I do want the select package which cost 2,000 MSRP but thats it. It comes out to 27,680 MSRP. I have the A-plan because my brother works for Ford motor company.
The salesmen gave me a rough price of 399 plus tax with 945 down for 36 months with only 12000 miles a year.
With the A-plan I get invioce price with no doc fees. I thought this price they quoted me seems really high for a car that cost in low 22,000 area after A-plan.
Please let me know what you guys think about the price and where the price should be for a 36 month at 15000 miles a year.
THANK YOU!
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
