Last post on Nov 23, 2013 at 9:48 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Volvo S60, Volvo S60 R, Car Leasing, Sedan
#137 of 789 Re: 2006 S60 AWD-Good Lease Deal? [sunpro2003]
Jul 10, 2006 (5:28 am)
The new quote for July 8th changed from the June 10th quote
Looks like residual went from 43% to 42%; money factor went up to .00207, cap cost went down by $230 and a $500 rebate went away.
Net Cap Cost-$26,247
Monthly Lease Payment-$370
Due on Delivery
1st years fees-261
Other Upfront costs-777 (Money down)
Total due at Signing-$2,253
This lease is via US Bank.
1. The price for the New 2007 S60 was quoted at $417 for 36 months(15K miles/year). So for $47 more per month, I can get a brand new 2007. Is this a decent deal?
2. What is new in the 2007 S60 versus the 2006 S60?
3. I received something from Volvo(since I lease an XC90 now) that references a $2,000 loyalty bonus on year end 2006 S60's from 7/6 to 7/31. This is only available if you lease with Volvo finance. Does anyone know about this?
4. I was told that the payment on either lease can be reduced by $10 per month if I go with 12K versus 15 K miles per year. I usually trade in my leased vehicles about 6 months prior to maturity at mileage below the allowed and they usually pick up the remaining payments and any overmileage if I lease a new vehicle from them.
Does it make sense to pay the extra $10 for miles if I know I am going to lease another Volvo from them?
5. Is the Volvo Navigation System available on the 2006 S60? It looks like it pops out of the dashboard which is pretty cool. I like this setup versus the portables that stick to you windshield. However, it looks like a $2K option. Any others you would recommend?
#138 of 789 Re: 2006 S60 AWD-Good Lease Deal? [sbvolvo]
Jul 10, 2006 (8:30 am)
Well, if you are getting all the incentives, then another $25-50 mo is not happening. You would need another $1-2K off the price of the car.
#139 of 789 Re: 2006 S60 AWD-Good Lease Deal? [sunpro2003]
Jul 10, 2006 (8:34 am)
1 its your $47/mo.
2 07 S60 has a new front bumper and tire pressure monitoring is standard.
3 the 06 lease w/ VFNA is horrible. Even w/ the $2k.
4 Don't bet that you will be able to get out of your lease early. Esp if it is a bank lease. All that will happen is that your dealer will take the payments and mileage out of the discount on a new car. Take the miles you need and the term you can live with. It will save you money in the long run.
5 Nav is available on the 06 but very, very rare.
#140 of 789 Re: 2006 S60 AWD-Good Lease Deal? [sunpro2003]
Jul 10, 2006 (11:11 am)
Honestly I think the Nav for the Volvo (the pop up in the middle) is a little ghetto looking. I've read it's not touch screen, that you control it with some knobs near the steering wheel. For the $2k it costs you can get an aftermarket one for around $1200 less with a lot more features (a Megallan that sticks on your dash). While you have me on it the stereo head unit on the S60 does the job for CD's, but if you want to play MP3 CD's or plug in a non iPod MP3 player it won't support it. Alpine makes a good aftermarket stereo/nav system all in one for around $1k.
Read about one user's experience with it here:
#141 of 789 Re: 2006 S60 AWD-Good Lease Deal? [liverichly]
Jul 11, 2006 (8:41 am)
problem w/ the touch screens is that you have to take your eyes off the road to use them. Not safe.
Having the scrren on top of the dash minimizes this.
Some other auto makers are following suit.
The Volvo system can be controlled either by the steering wheel or by a remote control.
#142 of 789 Re: 2006 S60 AWD-Good Lease Deal? [volvomax]
Jul 11, 2006 (11:56 am)
I see the point of the Nav on top of the dash but it looks like it lacks features some of the other Nav systems offer. The Alpine is a solution for the MP3 & DVD discs as well, for half the cost of Volvo's you can get a lot more utility.
#143 of 789 S60 lease incentives
Jul 11, 2006 (1:36 pm)
Volvomax, (or anyone else that knows) are the lease incentives you mentioned for July the same for all models? I was looking at the S60 2.5T AWD, but if the incentive is more on the S60R I might take the leap. Also, just to clarify, the $10,000 incentives are for non-VFNA leases, is that correct? Thanks in advance for your help.
#144 of 789 Re: S60 lease incentives [bach63]
Jul 12, 2006 (10:57 am)
Incentives vary from model to model.
The R has the most.
The incentives only work in conjunction w/ non VFNA leases.
#145 of 789 Re: 2006 S60 AWD-Good Lease Deal? [sbvolvo]
Jul 12, 2006 (11:35 am)
Did you already buy your S60R? I just bought the black saphire S60R MSRP $44,101 for 36 months, 15K miles, $550 total drive off and my payments are $455/month. I would keep working them.
#146 of 789 Re: 2006 S60 AWD-Good Lease Deal? [petrus36]
Jul 12, 2006 (12:28 pm)
What was your cap cost & money factor?