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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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I was recently at a Volvo Dealership in St. Louis MO. My current lease is ending in 2 months. I wanted the figures on a new lease on a 2007 S60 before I decide if I will keep my 2003 S60. This sales man quoted me a lease price of $480 with $2250 down payment 48 mo lease. MRSP is $36,813. He would not give me the invoice, said there were no rebates or incentives. He also said they don't lease 2006 S60s anymore because the 2007s are out. From reading this board, I don't believe that to be the case. I told him I had read on Edmonds.com that there were approximately $9000 in incentives. He said I should not believe everything I read. I am a woman, but I do do my research. Two minutes after I left the lot, he calls...opps!! The computer made a mistake, and there are incentives, a whopping $9000 worth. OK, he is now taking $9000 off the car, lease comes in at $430 now. The ad in the paper starts the lease out at $279 - $319. His figues still seem high to me. I just didn't expect this kind of treatment at Volvo. When I leased my first Volvo, it was more like, here are the incentives, price...take it or leave it. Now it's more like I'm going to take you for this ride if you let me. If I do decide to deal, it won't be with this salesman. I've contacted the other Volvo dealer who said he will beat this dealers price, that won't be hard. My question, what are the available incentives on the S60, both 2006 and 2007. Also, are there any incentives for customer loyalty, even if you are leasing. This guy said the price of the vehicles is not important, just the payment. He's a crook if you ask me.
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Replying to: raindrop3 (Nov 11, 2006 7:56 am) Well, I personally believe the payment is the most important part when leasing. Leasing is renting, so the cheaper I can rent it for, the better. HOWEVER, since the price obviously influences the payment, it IS important. And you obviously want to know that they are taking $9k into account. As far as this deal ... dropping only $50 a month for $9k difference in price seems way off base. Did he still want $2250 down? And was it still a 48-month lease? Well, all you really need to get from him is the money factor and residual he is using. With those numbers, you should be able to calculate what your lease payment should be (since you can figure out selling price on your own, whether the dealer likes it or not, the info is available right here on edmunds). All in all, it sounds like this salesperson is giving you lousy lines and I wouldn't appreciate it if I were you, either. So I'd get my numbers together and move on to the next dealer (or the next salesperson at the same dealer, if you want). |
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I am looking at the 2007 S60R to lease. What are the latest and Best lease promotions through Volvo and other approved 3rd party lenders. Not sure if this matters but I am in TX. Here is what Volvo dealer told me: Volvo Financial: $3000 incentive Residual: 43-45%(48mo term) and 50%(42mon term) MF: 0.0043 (something to that effect.I know it was over 10% which is totally rediculous) +TTL
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Replying to: Car_man (Oct 02, 2006 2:38 am) Can you analyze my deal for me: 2007 Volvo S60 (base model) Leather/Sunroof lease factor .00212 36 mos lease / 15k miles Residual -- 45% $2500 at signing (400 1st payment, 1300 cap cost reduction, 645 acquisition, 137 dealer fee) monthly payment $400 Thanks alot! Brian
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Replying to: briananderson9 (Nov 13, 2006 12:59 pm) $35,145 Thanks again, Brian |
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Replying to: bornracer (Nov 11, 2006 11:52 pm) what is your input? I am looking at the 2007 S60R to lease. What are the latest and Best lease promotions through Volvo and other approved 3rd party lenders. Not sure if this matters but I am in TX. Here is what Volvo dealer told me: Volvo Financial: MSRP is $47049 $3000 incentive Residual: 43-45%(48mo term) and 50%(42mon term) MF: 0.0043 (something to that effect.I know it was over 10% which is totally rediculous) |
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Replying to: neednewcacar (Nov 04, 2006 8:15 pm) Car_man Host Prices Paid Forum |
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Replying to: raindrop3 (Nov 11, 2006 7:56 am) As far as this car's cash incentives go, Volvo is not currently providing cash incentives on leases of 2007 S60 models through Volvo Finance. It does have cash incentives for consumers who lease this car through independent banks though. Specifically, there is $3,500 on '07 S60 2.5T models and $4,500 on '07 S60 T5 models that are leased through any bank other than Volvo Finance. If you decide to lease through Volvo Finance, it has special lease money factors instead of this cash. Volvo has $5,000 in cash incentives on the '06 S60 this month. Car_man Host Prices Paid Forum |
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Replying to: bornracer (Nov 11, 2006 11:52 pm) Car_man Host Prices Paid Forum |
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Replying to: briananderson9 (Nov 13, 2006 12:59 pm) Car_man Host Prices Paid Forum |
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