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Volvo S40 Lease Questions

299 messages,  Last post on Nov 17, 2009 at 5:49 AM

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What is this discussion about? Volvo S40, Car Leasing, Sedan

Messages Page 30 of 31

#288 of 299 Volvo S40 lease special by mannyljr

Jul 22, 2009 (2:31 pm)

I just left San Diego Volvo and they were advertising a lease on a new 2009 S40, MSRP $29375, 60 month lease $269 plus tax, $2995 total down, 12,000 miles/year, $0.18 per extra miles. They also have a 5 year warranty with scheduled maintenance including wear items like tires.
 
This sounds like a great deal and I have a Cash-For-Clunkers car to handle the money down. What are the numbers they're using? Is a 60 month lease better than purchasing? My credit union's rate is currently at 5.49%

#289 of 299 Lease question by meyanbarredo

Jul 23, 2009 (7:47 pm)

Hello. Newbie here. I was wondering if anybody can explain the current lease offer for the S40 please. It says 299 per month, 3300 down for a car that is at MSRP 29,350. Would it be a lower lease rate per month of one is able to negotiate the MSRP down? Or is that absolute, all discounts and credits included?
 
Specifically, there is an S40 that's $30,050 and I asked to get this at a lease rate lower than 300 per month, including taxes. The salesman said that they cannot give this car at that special since it's a higher MSRP than the advertised MSRP. I thought that I can negotiate the MSRP to a lower price, and then they calculate the lease rate from there?
 
Thanks a lot! Sorry, I guess I'm supposed to go through the other threads, but I'm desperate and will need to get something before next week.

#290 of 299 Re: Lease question [meyanbarredo] by Car_man HOST

Jul 24, 2009 (3:29 am)

Replying to: meyanbarredo (Jul 23, 2009 7:47 pm)
Hi meyanbarredo. Volvo's advertised lease payment for the 2009 S40 is not based upon full MSRP. It already assumes some sort of dealer discount. If you are able to negotiate a larger discount on the car that you are interested in than the one that is being used to arrive at the advertised payment, which is likely, your monthly payment would be lower...at least before sales tax is added in.
 
Be careful with Volvo leases though. Volvo is pretty tricky. They usually have special lease money factors through Volvo Finance on "Base" models that they use to advertise an unrealistically low monthly payment. The addition of any options makes a car ineligible for this special money factor. If you want to lease a car that has additional equipment, you may end up having to do so through an independent bank and use the special cash incentives that Volvo is providing on that sort of transaction.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#291 of 299 Re: Lease question [Car_man] by meyanbarredo

Jul 25, 2009 (5:15 pm)

Replying to: Car_man (Jul 24, 2009 3:29 am)
Hi Car_man! What is a good leasing bank these days? I've searched the internet and I can't seem to find anything so far...
 
I've spoken to a Volvo sales specialist and he is looking for an S40 worth $29,375 as he said this was the model advertised.
 
Thanks a lot for your help!

#292 of 299 Re: Lease question [meyanbarredo] by Car_man HOST

Aug 14, 2009 (3:50 am)

Replying to: meyanbarredo (Jul 25, 2009 5:15 pm)
Hi meyanbarredo. The best banks to deal with when leasing are either manufacturers' captive finance companies, or in the event that an automaker does not have their own bank the bank that they choose to run their lease specials through, such as Chase or US Bank. Unfortunately, the banks with the most attractive lease programs on vehicles rarely deal directly with the general public. You will have to go through a dealer to take advantage of their attractive lease promotions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#293 of 299 Is this Right? by yingxiong

Sep 06, 2009 (6:36 pm)

The Volvo website is advertising $3000 "allowance" for a S40 2.4i. In addition, the current incentives I found online include $4250 Alternative Lease Assistance cash for the 2010 model plus $1250 dealer support ($3750/$3000 for 2009 model).
 
I know that sometimes incentives are regional (I live in CT), or cannot be combined with other deals, but I can't find any language that restricts it.
 
Is this for a specific model within the S40 family, or a model with restricted equipment? If not, at first glance, it appears we can lease a $30k car for 60 months 12k miles for about $300. Plus have the car under bumper to bumper warranty with free scheduled maintenance.
 
Any insight? Thanks!

#294 of 299 Re: Is this Right? [yingxiong] by Car_man HOST

Sep 24, 2009 (3:03 am)

Replying to: yingxiong (Sep 06, 2009 6:36 pm)
Hi yingxiong. The $3,000 allowance that you have seen referenced on Volvo's website is for 2009 S40 models. The $1,250 is on 2010 S40 models. Naturally they cannot be combined.
 
Volvo is providing an additional $4,250 "Alternative Lease Assistance" cash incentive on the '09 S40, but in order to take advantage of this cash you must lease this car through a bank other than Volvo Finance. If you really want to lease, you would be better off passing on the extra cash and going with Volvo's official lease program.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#295 of 299 Volvo S40 lease by jobualli

Oct 27, 2009 (5:45 pm)

Hi all!
 
I am torn between leasing a 2010 S40 T5 AWD R-Design and an Audi A4 Premium Plus Quattro.
 
I have a 2007 S40 T5 AWD and loved it. Here are the lease options I have negotiated so far for the car with metallic, cold weather pkg and multimedia pkg:
 
MSRP= $34,650
Cap cost= $27,850
Months MF Resid Up Front Monthly
36 0.00237 15246 1572 497.48
39 0.00237 14553 1561 485.36
48 0.00237 11781 1547 471.57
 
What do you think of these terms?
 
I need to order the car soon from the factory as I am very particular with the exact configuration that I want and they are willing to order it that way. My current lease ends 1/1/10 and the Volvo Safe and Sound Package (extended warranty to 5/60k and covered maintenance) ends 12/31/09, so I need to order soon.
 
Thanks a bunch! You were helpful in all of my previous car leases/purchases, and I have come to trust your advice.

#296 of 299 Re: Volvo S40 lease [jobualli] by qbrozen

Oct 28, 2009 (9:38 am)

Replying to: jobualli (Oct 27, 2009 5:45 pm)
Holy cow!
$1500 down and nearly $500/mo?
 
You know you could buy it for that, right?
 
Or how about leasing an Infiniti G37 for that kind of money? Or a Genesis. Or a C-class. Or... well, probably alot of other nicer cars. Nothing against the S40, of course, but it just doesn't look so appealing at $500/mo.

#297 of 299 Re: Volvo S40 lease [qbrozen] by jobualli

Nov 03, 2009 (7:17 pm)

Replying to: qbrozen (Oct 28, 2009 9:38 am)
gbrozen,
 
Thank you for your opinion, but my question was about leasing a S40, not purchasing any other model or even an S40. Besides, even at an unrealistically low interest rate over a 48-month buy, the montly payment is $150 more a month, which is not what I am willing to absorb. Thus, my decision to lease in the first place.
 
If anyone has any insights to the LEASE terms for the S40 outfitted as I indicated, I would appreciate it.
 
Thank you.

Messages Page 30 of 31

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