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
#196 of 789 Re: Volvo S60 2007 Lease Using Ford A-Plan [severancehall]
Aug 22, 2006 (3:26 am)
Can I ask why you want to put money down on a lease??
As for price of the lease, incentives that I know about (car man...correct me if I'm wrong, also not sure when these expire) are about $7K. So this comes off of MSRP as a minimum. Then you can comparison shop around your area and see who will give you the best price. If you're in the NY area, let me know and I'll pass along more details on my deal and where you can find it. Be sure to get at least 12K or 15K miles per year. These "offers" for 10.5K are a joke. 12K/year is the insurance standard. I know of someone who actually bought and insured a second car because it was cheaper than paying the excess mileage charges he was headed for. Those kinds of deals give leasing a bad name.
I don't know about the A-plan and all that means, although I heard them say that's the plan they used for my lease. Hopefully someone else can shed some light on that. Good luck with everything!!
#197 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [biggerdaddynj]
Aug 22, 2006 (8:17 am)
I spoke to the Bridgewater Volvo people this morning, and told
them I wanted this exact same deal (metallic color, $289 a
month with no cap cost reduction upfront). The sales guy
told me that he had the deal, but among the other upfront
costs, mentioned a "dealer fee" of about $500, which brought
the total drive-off cost (including taxes) to about $2500.
This "dealer fee" is not the acquisition fee, right? This is something
I should negotiate down?
#198 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [carforevan]
Aug 22, 2006 (9:31 am)
The onething I can't figure out: I hear from everyone "just don't buy the car at the end of the lease". My purchase price at the end of three years is $17,500. I don't see how that wouldn't be an offer not to refuse as I could never buy a three year old car at that price.
Well... depends on what the apprehension is. Many people think that an advantage to leasing is never having a car out of warranty. Buying the car at the end of the lease means you will have a car out of warranty.
The other issue, for this particular instance, is that volvos depreciate harshly. $17,500 is just an OK price. Compare to an '04 with 36k miles, leather, heated seats, moonroof, etc. and edmunds says trade-in is $16,500. Edmunds is typically high, so I think it would be more like $15k-$15,500. SOOO... at $17,500, you'd be paying near retail for the car. Its not that you shouldn't do it, since that's not a bad price (although this is based on today's numbers. the car could be worth more or less at the actual end of your lease depending on the market at that moment.), but it definitely wouldn't be a deal you couldn't refuse.
#199 of 789 Re: Volvo S60 2007 Lease Using Ford A-Plan [carforevan]
Aug 22, 2006 (10:50 am)
I'm in Ohio, and have a Ford Motor relative which qualifies me for Ford's A-Plan (i.e. special pricing). Don't want to put anything down on an S60 lease if I don't have to, just want to see how to negotiate the lowest lease price and buyout if the A-Plan already provides fixed discounts and buyout ... I'm trying to determine whether there is really any need to negotiate when using the A-Plan.
#200 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [qbrozen]
Aug 23, 2006 (12:16 am)
'04s are going for $24 - 25K. Show me where I can buy one for $15K and I'll take all you can find!
A friend at work just bought an '04 too and he got it for around $25.
KBB has the '04s with 36K miles at $25K too.
#201 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [carforevan]
Aug 23, 2006 (2:42 am)
well, I can't buy any for $15k, because i'm not a dealer.
maybe edmunds is wrong, i don't know. i don't work for them, either.
HOWEVER, I can tell you that, back in '04, I was offered a leftover brand new 2.5T with premium and sport for $25,500. So buying a used one now for that price seems WAY off.
Also, just looking at carsdirect now, I see they are offering '06 2.5Ts with premium for $27k. So I'm pretty sure your buddy with the newly purchased '04 got taken.
#202 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [qbrozen]
Aug 23, 2006 (9:37 am)
Maybe he did get taken, but he seems to be a savvy buyer. Or maybe he rounded up, although that seems odd too.
Bottom line is I can't imagine being able to buy a three year old S-60 w/premium for less than $17.5 k, but we'll see. Who knows if I'll even want to buy it at that point.
Sort of wishing I'd looked at picking up one of those '06s though....
Are you an S-60 owner, and if so, how do you like yours?
#203 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [carforevan]
Aug 23, 2006 (11:13 am)
no. I was an S70 owner up until recently (which, by the way, was a 3-year-old loaded T5 with 30k miles that I got for $20k). I looked at the S60 as a replacement, but it just didn't quite do it for me. The backseat is tighter than my 70 was and, meanwhile, while driving, I still felt like I was in my 70 (in other words, it didn't make me feel like I'd be getting a new car ... if you know what i mean). I also tested the S80 out of curiosity. I liked the 60 better.
#204 of 789 Re: Found great lease deal in NJ for '07 S60 2.5T [qbrozen]
Aug 23, 2006 (11:49 am)
My buyout on a 04 S60, with 36K miles, after a 3 year lease is $17,500. After reading these replies, I guess that sounds pretty good.
#205 of 789 Re: Volvo S60 2007 Lease Using Ford A-Plan [carforevan]
Aug 24, 2006 (5:38 am)
I am in the NY area and am interested in your deal. Please let me know which dealers you contacted and any more details you can.