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Prices Paid: Buying & Leasing Experiences Volvo S40 Lease Questions
299 messages, Last post on Nov 17, 2009 at 4:49 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: nofeer (Apr 05, 2008 3:21 pm) |
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Replying to: koolkinkajou (May 18, 2008 5:24 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 8:30 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 2:49 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 8:04 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 8:10 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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Replying to: s60leaser (Jul 02, 2008 6:39 am) . Volvo Finance is not currently running a special lease program on either the S40 or C30. As a result, if you were to lease either of them you will have to do so through an independent bank. The good news is that Volvo is currently providing special cash incentives on these cars when they are leased through independent banks. Specifically, Volvo is providing $1,750 on the 2008 C30 1.0, $2,250 on the C30 2.0, and $1,500 on the S40. The CostCo car buying program might save you some hassle if the dealer that they steer you towards is straightforward, but I very much doubt that it will provide you with a deal that's any better than what you could negotiate on your own. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Is Volvo offering any deals on the 2008 or 2009 S40? I can only find the $500 gas allowance. My current lease through VFNA is about to expire.
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Replying to: Car_man (Jul 16, 2008 2:16 am) Never make a downpayment on a lease. |
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