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Volvo S60 Lease Questions

737 messages,  Last post on May 24, 2013 at 7:23 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Volvo S60, Volvo S60 R, Car Leasing, Sedan

Messages Page 30 of 75

#282 of 737 Re: Lease - opinion, please [neednewcacar] by Car_man HOST

Nov 22, 2006 (5:12 am)

Replying to: neednewcacar (Nov 04, 2006 8:15 pm)
Hi neednewcacar. I believe that the dealer invoice price of the car that you described is around $32,826. As you can see, the selling price that you were quoted is well below invoice. This leads me to believe that this lease is being run through a bank other than Volvo Finance. Volvo is providing special cash incentives on vehicles that are leased through independent banks. Specifically, 2007 Volvo S60 2.5T models that are leased through banks other than Volvo Finance are eligible for a $3,500 cash incentive. Even when this cash is taken into account, the selling price that you were quoted still looks very attractive. This looks like a very good deal to me.
 
Car_man
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#283 of 737 Re: Lease Question S60 2007 [raindrop3] by Car_man HOST

Nov 22, 2006 (5:49 am)

Replying to: raindrop3 (Nov 11, 2006 7:56 am)
Hello raindrop3. I believe what you were told was correct. I don't think that Volvo is providing lease support on 2006 models any longer. It is just providing dealers with closeout cash on them to help them unload their remaining models. If you want to lease, you will be much better off going with an '07 S60.
 
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
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Prices Paid Forum

#284 of 737 Re: 2007 S60R lease incentives [bornracer] by Car_man HOST

Nov 22, 2006 (5:54 am)

Replying to: bornracer (Nov 11, 2006 11:52 pm)
You are absolutely right, bornracer. The money factor that you were quoted for this car is absurd. Volvo Finance's current 48 month buy rate lease money factor for the 2007 S60 R is only .00080. If you decide to lease through an independent bank instead of Volvo Finance, this car is eligible for a $5,500 cash incentive. If I was quoted the deal that you mentioned, I personally would shop around with a different dealer.
 
Car_man
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Prices Paid Forum

#285 of 737 Re: Volvo S60 Lease Deal [briananderson9] by Car_man HOST

Nov 22, 2006 (5:57 am)

Replying to: briananderson9 (Nov 13, 2006 12:59 pm)
Hey Brian. According to the latest information that I have seen, Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Volvo S60 2.5T base model with 15,000 miles per year are .00108 and 48%, respectively. I would be happy to give you my opinion of this deal, but in order for me to do so I need you to provide me with this car's MSRP and selling price.
 
Car_man
Host
Prices Paid Forum

#286 of 737 2007 S60 lease offer by nocal4

Nov 25, 2006 (6:31 pm)

Hi Car man,
We've enjoyed reading your helpful posts. Keep up the great work!
Is this a good lease deal:
northern california
2007 Volvo S60 2.5T base model(no premium,no sport)
MSRP: 31580
dealer price: 30012
incentives(Volvo Finance):2500
cap cost:27512=( 30012-2500)
residual: 15790( 50%)
money factor: .00155
up front costs= 1124
monthly charge= 445
Thanks!!

#287 of 737 2007 S60R lease incentives - new deal by bornracer

Nov 30, 2006 (12:29 am)

Hello Car_man,
 
Aprreciate the feedback on the volvo lease.
 
Prior to your response, the dealer has informed me of a new lease deal on 2007 S60R going through US Bank.
 
MSRP: 47290 ($44093 is invoice) Profit=$3197+$389 holdback
Lease incentive from USB: 9500
Cap cost: 36000 (got an extra $1790 off MSRP)
Fees(doc+ govt + inventory tax): 259.31
Sec Dep: 550
term: 48mo
miles/yr: 12K
initial payment(sec dep+1st pmt): $1086.31
Residual: 17497.30 (37%)
MF: 0.00232
 
mo. pmt: 536.31
 
For some reason, I feel like there is something left on the table. I have a beacon of over 800.
 
Do you know what MF I should be paying from US Bank?
 
Dealer stated this is a tax "free" lease.
Not sure who covers the 6.25% texas tax based on entire cap cost. volvo, US Bank, or dealer?
If volvo or US Bank are responsible, dealer is making about $1800.
 
If dealer responsible for tax, then they are not making anything unless US Bank is kicking something back to them such as a funding fee which could be $500-$1000.
 
1). Do you know who is paying tax?
 
2). By the way, I do qualify for X-plan ($44241) but dealer stated this does not qualify for tax included deal.
 
3) Based on your comment before about the $5500. Would this be in addition to the 9500 US bank is throwing in?
 
4). Does it seem reasonable or doable to get x-plan - US Bank discount - Volvo credit. $44093-$9500-$5500?
 
thanks in advance.
 
bornracer.

#288 of 737 Volvo S60 lease by dmauto

Dec 03, 2006 (11:42 am)

Hello Car Man,
 
Can I get your opinion on this lease?
 
Volvo S60 (2007)
Metallic Paint, Luxury Pkg (lthr, heated seats, sunroof...) MSRP of around $35k + change
 
3 year 36,000 lease. Monthly payment with tax of $350 with $665 out of pocket.
 
Your feedback is appreciated,
 
David

#289 of 737 lease questions by bornracer

Dec 06, 2006 (6:11 am)

Hello car man,
 
A.) I have been reading that if you are going to put any money down on a lease, you should add it to the security deposit?
 
    1). What does this do for you(is there any benefit)?
 
    2). if the car is totaled, wrecked, or returned early, do you lose it(are there any negatives)?
 
B). Can a lease agreement be modified if you do not like the language or you need a more defined statement in writing(not just a scribble on a napkin from the dealer).
For instance, what actually constitutes normal wear and tear?
or who inspects the vehicle upon return? can I have an independent shop give a second opinion?
 
thanks
 
bornracer

#290 of 737 Re: lease questions [bornracer] by dmauto

Dec 06, 2006 (7:34 am)

Replying to: bornracer (Dec 06, 2006 6:11 am)
Bornracer,
 
I am not carman but I just turned in a Volvo off lease so I thought I would share my experience. The car was leased on Volvo paper and it comes with "wearcare" which basically waves the costs to you of the first $1,000 of excess wear and tear. About 2 mos before the lease ended, volvo sent us a detailed brochure and measuring tool so we would know what we potentially could be charged with. I tend to be concerned about wear and tear especially when it is not specifically spelled out at the time the lease is signed but in this case, Volvos parameters were more than reasonable. We had a couple of scratches in the bumper which were considered excess wear and tear but since the cost was well below $1,000, we did not have to pay anything. There were a couple of small doors dings which were considered below the threashold for excess wear and tear.

#291 of 737 Re: lease questions [dmauto] by bornracer

Dec 06, 2006 (8:52 pm)

Replying to: dmauto (Dec 06, 2006 7:34 am)
thanks dmauto. not sure if the US Bank option has this in their deal. Did the dealership state this or the contract state you have $1000 toward wear and tear? was it something you negotiated?
 
bornracer

Messages Page 30 of 75

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