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
Sep 06, 2009 (5:36 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]
Sep 24, 2009 (2:03 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#295 of 299 Volvo S40 lease
Oct 27, 2009 (4:45 pm)
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:
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]
Oct 28, 2009 (8:38 am)
$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]
Nov 03, 2009 (6:17 pm)
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.
#298 of 299 Re: Volvo S40 lease [jobualli]
Nov 04, 2009 (8:39 am)
You asked, "what do you think of these terms?"
If you read between the lines, my answer is "they are terrible!"
Unless you meant to ask how these terms compare to OTHER S40 leases, in which case, you weren't clear AND my post did not answer your question.
And why you would compare renting a car over 3 years to buying it over 4 is beyond me.
#299 of 299 Re: Volvo S40 lease [qbrozen]
Nov 17, 2009 (4:49 am)
Obviously I posted on the "Volvo S40 lease" forum to compare against other S40s. If I wanted opinions on other models, or on purchasing, I would have posted on the appropriate website(s).
If anyone other than someone who doesn't understand leasing who is prowling the forums looking to cause trouble and provide useless feedback has anything useful to add, I would appreciate it.