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Prices Paid: Buying & Leasing Experiences Volvo S40 Lease Questions
260 messages, Last post on Jul 16, 2008 at 3:16 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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 thanks
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Hey car-man 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? Thanks
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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! 
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Replying to: nofeer (Apr 05, 2008 4:21 pm) |
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Replying to: koolkinkajou (May 18, 2008 6:24 pm) While I don't advocate putting money down on a lease, it is for an entirely different reason. What you are stating is just not true. Whether you lease or finance, you are borrowing money from a lender and paying interest on that money. Someone who puts money down as a cap cost reduction on a lease is merely avoiding paying interest to the lender on that money. The overall cost of the lease will be less than if they put no money down at all. It is not being thrown away, as you suggest. To use your analogy, YES, I would put money down at a hotel if it lowered my overall cost of staying there. For instance, you pay $100 per night for 6 nights for a total of $600, or you pay $300 up front and $40 per night for a total of $540. Where is the downside to the latter arrangement? |
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Replying to: aeropostel (May 06, 2008 9:30 am) I haven't worked up any lease payments on this car lately, but I suspect that your $250 target monthly payment is a little optimistic. This car will likely cost more to lease than that. Volvo is not currently providing any lease support on the S40, so if you were to lease one right now you would be best off doing so through an independent bank. Volvo is currently providing a special $1,500 cash incentive on leases of this car through banks other than Volvo Finance. Make sure to take this cash into account during your negotiations. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 29, 2008 3:49 am) Of course, the same holds true of financing, yet nobody warns against that. *shrug* I think your second statement is correct ... don't put down a LARGE cap cost reduction. But the earlier statement in your post, "put down as little as possible," is open to debate. I agree with as little cap cost reduction as possible when the money factor is so low as to justify borrowing as much as possible.
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Replying to: qbrozen (May 29, 2008 9:04 am) At least with a lease, you have the option to not put that money at risk.. Totaling a new lease with a $4K cap reduction will likely put you $4K in the hole for just a couple of months... Without the $4K down, that money isn't at risk.. (assuming your lease has GAP). just my $0.02.. kyfdx Host-Prices Paid Forums EDIT: I think my first paragraph makes your point..  Any time you purchase, you have money at risk.. Just no point in taking on that same risk with a lease, when it is unnecessary...
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Replying to: kyfdx (May 29, 2008 9:10 am)  You can have GAP on a finance, too. So, really, if your goal is to have the least money at risk, then you should always carry GAP and never put money down, regardless of financing or leasing. however, it seems people don't take that stance. Popular opinion seems to be putting down as much as possible when financing, yet nothing when leasing. Its contradictory, as far as I can see. |
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Hello again Carman! I am turning in my s60 and s80 leased cars(FINALLY!) for one car and am looking at the S40 and C30, primarily to save money but stay with a Volvo for the safety. (And I love driving a Volvo )With all the bad economic news, what are the current lease and buy deals in my area? I am in Ct.and can use the COSTCO auto buyers program The one dealer phone call I have had so far mentioned lots of different numbers.(What a surprise) Of course, he immediately told me the best deal is on a move from an s60 to s80, even though I asked about an S40 and C30... S80 #'s: $7,250 discount non VCF lease $1,000 rebate(?Why?) $500 COSTCO program discount =$8,750 Off INVOICE? Can that be right? But, on a approx $40,000+ car I am still at 32K and a Mo. pymt around low 4's incl. tax. I tried to get some S40 #s , as I had asked for. Nothing yet. The C30 he mentioned at $ 23,718 as a starting price,$750 purchase rebate or $1750 lease rebate, no more details than that. So, QUESTIONS:  Once again, your insight is appreciated -and VERY helpful knowing these things before the first sit-down...
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