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Prices Paid: Buying & Leasing Experiences Volvo S60 Lease Questions
552 messages, Last post on Feb 28, 2008 at 9:20 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car_Man, 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!
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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!!! |
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Replying to: biggerdaddynj (Aug 19, 2006 5:23 pm) 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!
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Replying to: carforevan (Aug 19, 2006 7:07 pm) The car is FWD not AWD (however, it has last year's Dynamic Stability and Traction Control as a standard option so I feel pretty good--also has the turn signals on the side mirrors--I think that's pretty neat). Also, I must apologize because I'm really not too sure what the actual invoice was on my vehicle because I was only concerned about the bottom line numbers (however, when I just ran it on Edmunds the invoice was about just about $33K--the salesman told me the lease price was $24K and that it was $9K off invoice so I guess he was right there). When I read the ad in the paper today I was really shocked because I recalled last month's special which I think was $369/mos (w/o tax--not sure if it was AWD or the FWD). The deal is also good because I think they're using US Bank which the salesman told me had the lowest money factor and a good residual (there is one program out there that is better than the rest). Regardless, the Volvo was not my first choice but I found a deal I just couldn't pass up (leasing a $35K MSRP car for $289/mos--or $309 when you factor in the tax I paid up front). In fact, today was the first time I'd even test drove one. I was a little leery about the 5 cylinder but with the turbo the S60 really did have good pick up. I'm going to pick up the car on Saturday (my old lease expires next Monday). If you're in the market for an S60 and don't mind foregoing the AWD (in light of the DSTC) this deal seems to be great (the S40 is leasing for more, I think $329, that's how good this seems to be!!!). Ends Aug. 31st. I just wanted to pass this on to everyone because the Edmunds forum was really instrumental in my getting a great deal on an Odyssey (my wife actually mocked me when I spent time writing my original post). Best of luck to you all. Maybe I'll check in later to see if people jump in on this deal. Good luck to you all!!!!
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Replying to: biggerdaddynj (Aug 19, 2006 11:51 pm) I think you got a great deal because the ad was $289/mo with 10.5K miles and $995 down for the S-60 '07. You got $289 with 12k miles and no cap money down. I'm wondering what your deal would equate to with an AWD and 15K miles. The MSRP on the '07 AWD is 37,575 in silver with Premium and Climate Control. I'm thinking 100 more per month would be about right. Yeah, it's funny, the lease incentives Volvo is offering are only if you go with a non-Volvo lease! Go figure!! Oh one more thing...did they give you a hard time about any excess wear and tear on the car you're turning in? Is it the Odyssey? Just wondering how to avoid those arguments, as I've heard some horror stories lately. Thanks for your post and tell your wife we're all car freaks at some time in our life. 
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I have a fully paid for 2003 S40 with 28,000 miles that I want to sell and lease a 2007 S60 Does anybody know how it would work if I wanted to trade in the car. Put the minimum down on the lease and make monthly payments. Would Volvo cut me a check for the difference say 12-13K. Whats my best option I really dont want to go through the hassle of selling it myself but may if they dont give me enough.
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Replying to: nybroker (Aug 20, 2006 9:32 am) They will cut you a check for the full amount of trade-in allowance, or deduct your start-up costs and cut a check for the difference, whatever you prefer.. If they won't give you what you think it's worth, then your only other option is to sell it to someone else. regards, kyfdx |
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Replying to: carforevan (Aug 20, 2006 6:08 am) Not sure what the figures are for the AWD. The program thru Aug. 31st is for the 2.5T ASR FWD. If you're waiting for the AWD then who knows maybe next month will be your turn to get a deal (last month the deal was for the S40). Turning in an Acura 3.2 TL-S next week (got a great deal on that too--took an '03 when the newly designed '04s were coming in). Had the inspection--no problem at all and Acura is a real class act--give you $1,500 for excess wear/tear (as long as the damage per "incident" does not exceed $500) and no BS dispo. fee. Very generous indeed (they also sent me a $100 gift card to try to lure me back--used it instead to buy Acura swag for my dad and I--hats, coffee mugs, travel bag and some wiper fluid to boot). Too bad the lease programs for the TL are so bad. All I had was a $200 cracked fog light cover--I joked with the inspector that I should knock the car around a bit more to get my money's worth. My dings and dents (and there were several) were all within the limit. Also recently had my wife's Saab inspected (same guy did both cars--I think the company is SGS). We had no problems then either (but Saab was not generous at all--I think they gave you no free excess wear/tear and they also stuck you with a $350 dispo. fee). The Odyssey replaced the Saab (got the Touring edition--I have to admit that I it really is a nice ride). However, I don't know what US Bank provides on excess wear/tear (I do know there's a dispo. fee--waived if you re-up on another vehicle). So, you may have nothing to fear after all. Best of luck though!!!
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Replying to: biggerdaddynj (Aug 20, 2006 7:20 pm) I'm going out today to make a deal on an '07 S-60 AWD (hopefully). I'll let you know how I do. By phone we're down to 15k miles for 36 mos MSRP 37,575 and sellng price of 28K. Payments are around $390. Will try to move it a bit in person, but it's already a good deal I would think with that price. No cap money down of course. I'll post again tonight after I buy. Oh, also, when you say Saab wasn't good about the excess wear and tear...you mean you had to pay some $$$? How much if you don't mind saying... thanks!
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Replying to: carforevan (Aug 21, 2006 3:55 am) My point about Saab was that as I recall I don't believe they provided you with a "credit" for excess wear/tear whereas Acura gave you a $1,500 credit. However, we still didn't have to pay for any excess wear/tear (and they car did have the inevitable dents and scratches--almost had to pay for a tire but I convinced the inspector to check another part of the tread!!!). In the end, we only had to pay the dispo. fee but I hated having to do that. Seems like you've done a great job getting that price down on '07 S60 AWD. Now you just need to get the best lease program out there!!! Good luck. Let us know what happens.
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