Last post on Nov 23, 2013 at 9:48 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Volvo S60, Volvo S60 R, Car Leasing, Sedan
#177 of 789 Re: $29 for months lease with $2300 total inital payment ... ???
Aug 14, 2006 (8:41 am)
Actually, I just leased the same car (2007 Volvo s60 2.5T with climate and premium package - moonroof, power front seats, heated seats, leather, etc) for 36 months for 10,000 miles for $2300 down (including $140 new plates fee in New York) and $289 a month. This seems like a very good deal to me since it's an '07 for just 36 months. After the math, it's actually about $5 less per month than the 42-month option. So, I'm "giving up" 2,000 miles that I never would've been able to use anyway and leasing the car for a shorter amount of time. (6 months less.)
What do you guys think? Good Deal? Also, I have to pay a $300 deposition fee to Chase Bank when I return the car. Is this fee generally included in the contract, or does everyone pay the fee at the end of their lease?
Could I have done any better on this '07 Volvo, 36 mo. 10,000 miles/yr?
#178 of 789 Re: $299 for 42 months lease with $2400 total inital payment ... ??? [qbrozen]
Aug 15, 2006 (6:12 pm)
Your missing the point cars depreciate. Why toss an extra $1400 down that you'll never see again when you can lease a 2006 for $989 drive off $299 month for same exact car other than model year.
#179 of 789 Re: $299 for 42 months lease with $2400 total inital payment ... ??? [volvo_r]
Aug 16, 2006 (6:13 am)
Nope, I'm not missing the point. I totally understand that, and I'm on your side of the fence. That's why I stated in my post, "if you WANT an '07."
The poster didn't ask if he should get an '06, he asked how his deal on the '07 looked. And, like I said, compared to your buddy's deal on the '06, $1400 more for an '07, if you WANT an '07, looks decent.
#180 of 789 Lease buyout deals
Aug 16, 2006 (6:34 am)
I'm at the end of a 36 month lease, and am interested in buying this 2004 S60. Just under 36K miles. Is the buyout price negotiable at this point? Is the residual value the buyout price?
#181 of 789 Re: Lease buyout deals [ltg58]
Aug 16, 2006 (8:18 am)
at the end of the lease, yes, the residual is the buyout. There may be a fee tacked on, too, though. I'm not sure. Won't be much, in any case.
Yes, you can negotiate the buyout. You have to call whoever you leased through (whether that is volvo finance or a bank). I suggest you find out the true value of the car beforehand so you know where you stand. If the buyout is $15k and the car is truly only worth $13k, then you obviously want to try to negotiate for $13k.
#182 of 789 Re: Lease buyout deals [ltg58]
Aug 16, 2006 (8:54 am)
Not all lease companies will negotiate the buyout.
Volvo Finance will no longer do so for instance.
#183 of 789 Re: Lease buyout deals [volvomax]
Aug 16, 2006 (10:27 am)
#184 of 789 Car_Man - Need lease factors for S60R
Aug 17, 2006 (11:07 am)
I read the earlier post regarding the attractive lease cash offered by Volvo on the S60R. What are the lease rates (money factor, residual) for the 2006 AND 2007 Volvo S60R for 24 and 36 months (12K and 15K miles per year). Thanks!
#185 of 789 Found great lease deal in NJ for '07 S60 2.5T
Aug 19, 2006 (4:23 pm)
I wanted to share with everyone what I believe to be a great lease deal in NJ for an '07 Volvo S60 2.5T w/the premium package and climate control package (MSRP $35,345).
36 mos/12K mile lease--$279/mos (white or red) and $289 ("metallic colors"). NO CAP COST REDUCTION--I picked up a metallic color (titanium) and paid $2061 out of pocket--1st mos, taxes (you pay up front so you don't have to pay each mos---about $760 in total), acquisition fee, motor vehicle/doc/bank fees. No sec. dep. $289/mos--less than an Accord EX V6 or a Maxima, a lot less than a G35 or Acura TL. If you take into consideration that you're paying the taxes up front rather than per month you're only paying $1300 for inception fees. Pretty good, huh? Apparently, Volvo is giving a lease incentive of $9,000--taken off the invoice you're leasing this car for $24K (I still can't believe it). I got mine at Bridgewater Volvo (they also own Volvo of Princeton and Volvo of Edison). Hope this posting helps someone else out!!! Good luck!!!
#186 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [biggerdaddynj]
Aug 19, 2006 (6:07 pm)
Was that the front wheel drive?
Also, $9K off the invoice is $26,345, but you quote a selling price of $24K....so it was $11K off invoice then?
Congrats on your new car by the way!