Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[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 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
|
|
|---|---|
|
Replying to: mikeut2k3 (Feb 25, 2009 1:45 pm) I contacted one dealer via email and asked for his best offer since I have to make a decision by Saturday and am ready to move. He came back with a quote of $329/month + tax with 1K down right off the bat (36mos/12k). I'm going in tonight to see the car and try and grind it down some more  Unfortunately, I don't qualify for the loyalty cash back, but that could be another 1K off! Let me know what else you find.
|
|
|
Replying to: shop4cars1 (Feb 25, 2009 2:56 pm)
|
|
|
Replying to: shop4cars1 (Feb 25, 2009 11:16 am) HOWEVER, my point is ... let's take a theoretical example. You put $650 down and lost it. If you had financed the car and put ... oh, let's say $2k down, and you purchased GAP insurance, you'd be out $2k right now because the car easily depreciated that much. So what I'm saying is, I don't see how putting more money down on a finance is any less risky than putting it down on a lease.
|
|
|
Replying to: qbrozen (Feb 26, 2009 11:23 am) ). It's just riskier putting money down on a lease, than not putting money down on a lease.. On most leases, nullifying that risk is virtually free... Which can't be said of purchases.. (though, that's not what we are discussing here... in the lease questions forum... I think..  ). regards, kyfdx
|
|
|
Replying to: kyfdx (Feb 26, 2009 11:26 am) When folks say things like "on a lease ..." and, really, my point is it applies to both lease and finance. So the lease, with regards to gap and a totalled vehicle, works no differently than a finance. You just need to buy the insurance with the finance while it comes automatically with the lease. And, no, I wouldn't say its "free" with the lease thanks to the fees. |
|
|
I don't know.... I consider it "free", when it's included, because I'm not going to pay extra for it, if it's an option... (disclaimer: never leased from a bank that didn't include it). Not on a purchase, either.... My insurance company guarantees fair value for my car, if it's totaled... That means the amount has to cover getting a comparable vehicle.... So.. even if the car is only worth $X, and I owe $X+$1000, $X will replace my car, so I'm even.... What I owe doesn't really have anything to do with how much my car is worth. But, on a lease, I may not be able to replicate the lease terms on another car... So, I can actually lose money without GAP. Just my $0.02..
|
|
I'm off topic, again! 
|
|
|
|
|
Replying to: mikeut2k3 (Feb 25, 2009 3:12 pm) Probably could have horsetraded a bit with them and done less down, but they let me walk out the door when I asked for $285/month + tax and 1K down (they wouldn't even counter, and explained to me the above). |
|
|
Replying to: shop4cars1 (Feb 24, 2009 4:36 pm) Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 2.4i (not a stripped model) with 10,500 miles per year are .00106 and 48%, respectively. In addition to this special money factor, Volvo recently enhanced its lease cash on this car to $1,553. Make sure to take this cash into account when negotiating its selling price. This lease program is scheduled to run through March 31st, though it would not surprise me in the least if Volvo made an unscheduled revision to it at some point over the next couple off days. You are smart to want to go with a zero down lease. It is always in lessees' best interest to put as little money down as possible. Like most manufacturers' official advertised payments, I suspect that the S40 payment that you mentioned leaves a little meat on the bone so to speak. If I was in the market for an S40 right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the aforementioned cash incentive. You ccan look up the exact invoice price of the car that you want over in the New Vehicle Pricing section of Edmunds.com. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
Replying to: mikeut2k3 (Feb 25, 2009 1:45 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Volvo S40 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Volvo S40
Browse by Board
Browse by Topic
Today's Chats
