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
#244 of 299 Re: Volvo S40: Lease Questions [Car_man]
Apr 02, 2008 (7:17 pm)
Wats up carman I am 21 years old this summer and I just got a new job where I make 28,000 annually. I have been fascinated with the volvo s40 since i first saw it in 2005. I am undecided I want to buy it but part or me thinks it would make more sense to lease. the msrp for one i selected is 29,825 and the invoice is 27702. is it even practical to want to get this as my first car? I've been told i have expensive taste but i think leasing it wouldn't be that bad 3 years isn't bad. Please help also I don't kno that much about leasing just that i may or may not have to pay a fee at the end or how much i wud haveto pay to buy the car afterwards. any insight is greatly appreciated.. I live in Queens NY
#245 of 299 Re: Volvo S40: Lease Questions [quick5]
Apr 03, 2008 (8:14 am)
Hey Quick5, i don't think you need to ask Carman about that. Haahaa. I would say based on the income you make, even leasing that car will become a financial burden for you down the road. Leasing isn't as clean cut as buying in my opinion. It's got a lot provisions/limitations etc...Make sure you learn everything you can about leasing before you even consider it (such as how to calculate the lease, fees, restrictions, liabilities, turn in fees, etc...) The first car I ever got for myself was a 325i....man I paid through the nose to maintain that "expensive taste" of mine.
#246 of 299 Re: Volvo S40: Lease Questions [quick5]
Apr 03, 2008 (8:48 am)
You could find yourself a nice CPO one for less than a new Honda.
#247 of 299 Re: Volvo S40: Lease Questions [qbrozen]
Apr 03, 2008 (5:44 pm)
CPO? lol immmm veryy neww to this
#248 of 299 Re: Volvo S40: Lease Questions [gforce11]
Apr 03, 2008 (5:45 pm)
so would u recommend me just finance it n buy it or is the point ur getting at to just settle for cheaper ? lol
#249 of 299 Re: Volvo S40: Lease Questions [quick5]
Apr 03, 2008 (6:31 pm)
CPO = certified pre-owned
CPO carries a warranty that lasts for longer than the factory warranty, in many cases, and you've avoided the steepest deprecation on the vehicle (the first 2-3 years). Its really a great way to go.
#250 of 299 end of lease coming
Apr 05, 2008 (3:21 pm)
has anyone traded in a near end of lease s40 t5 awd, my last payment is 6/1 i want to get my wife a new vw jetta se. the lease company gave me 3 options buy it, bring it back during june or have the dealer get a "trade quote" it has 28kmiles it's red.
so any suggestions or do i just have to wait. it doesn't have to be a t5 perhaps any end of lease trade in option
May 06, 2008 (8:30 am)
any idea where i should be at on a 48 month 12k/year lease on an s40 2.4i automatic, leather package
im looking to be at about 250 or so a month with no more than 2000 total out of pocket
is that feasible?
#252 of 299 NEVER EVER PUT MONEY DOWN ON A LEASE!
May 18, 2008 (5:24 pm)
If you do this ( it is usually called an lease aquisition fee) then I have bridge to sell you in Brooklyn!
The whole point of a lease is to keep money in your pocket and how can you do this if you are donating money to the car dealers FU money fund?
Remember you are NOT buying the car so why put money down on something you don't own? You put money down on a House and a "Purchased Car". Tell me when you rent a car do you give the rental car a down payment so you can lower the daily rate? When you rent a hotel room do you give the hotel a down payment so you won't have to pay the daily hotel rate? When you are leasing a car, you are simply RENTING it for a long time. The only way you will be able to compare leases between different cars is when you are ONLY comparing lease length, lease payments and mileage. Some people will say "Oh I'm putting money down so I can buy the car cheaper at the end of the lease". I'll leave it to others to tell you what a stupid argument this is on so many different levels. You should ALWAYS be able to negotiate this "Lease acquisition fee" completely away when you negotiate the sales (lease) price of the car.
Remember dealers love you suckers who buy leases for thousands down.
They tell stories about these morons at Dealer parties and take their girl friends ( and yours if you are so stupid) on romantic trips to Europe to tour the BMW factories with your hard earned money!
#253 of 299 Re: end of lease coming [nofeer]
May 18, 2008 (6:49 pm)
If the lease if from Volvo Finance North America, you can continue to lease for the same payment.