Last post on May 19, 2013 at 9:03 AM
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Volvo S60, Volvo S60 R, Car Leasing, Sedan
#314 of 735 Re: Lease deal on S60 2.5T base [rriul]
by Car_man HOST
Feb 19, 2007 (4:33 am)
Hi rriul. The 2007 Volvo S60 2.5T Base model appears to be the only S60 trim level that there is a special lease on through Volvo Finance right now. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of one through Volvo Finance with 15,000 miles per year are an amazingly low .00001 and 46%, respectively. When negotiating your lease on this car, make sure to take the $2,000 lease cash that is currently available on it into account. This cash will help you to negotiate an attractive capitalized cost for your lease.
I'd be happy to give you my opinion on the specific lease that you were quoted, but you never mentioned this car's MSRP or selling price. Let me know what they are and I'll tell you what I think.
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#315 of 735 Re: Lease deal on S60 2.5T base [rriul]
Feb 21, 2007 (10:54 am)
based on carman's numbers, i can't come anywhere NEAR $299/mo. So it sounds like you are getting a screaming deal.
Using the .00001 MF and 46% residual, and a selling price of invoice minus $2k rebate on a no-options 2.5T, I come up with a payment of $326 BEFORE tax. Almost $350 after tax. And that's with an even $3k down. You are putting less down and getting a payment $50 under that. Of course, you are talking 12k miles instead of 15k, but that usually only makes a difference of around 2% on the residual, which makes a difference of ~$18/mo. So, assuming carman's numbers are correct, I think you should jump on it. By my calculations, you are getting the vehicle for about $700-$800 UNDER invoice PLUS the extra $2k off.
I'm hoping to find that deal for my brother-in-law, but I'm seriously doubting I could.
#316 of 735 Re: Lease deal on S60 2.5T base [qbrozen]
Feb 21, 2007 (6:13 pm)
Thanks for the info.
The dealer uses MSRP $31580 (including destination charge) as the purchase price.
#317 of 735 Re: Lease deal on S60 2.5T base [rriul]
Feb 21, 2007 (7:38 pm)
I forgot to mention that dealer has $7500 cash back (something around there) on the lease.
#318 of 735 Re: Lease deal on S60 2.5T base [rriul]
Feb 22, 2007 (7:15 am)
OHHHH!!! Interesting. So they aren't using volvo finance, then, if I understand everything correctly. Do you know what money factor and residual you are getting?
#319 of 735 Re: Lease deal on S60 2.5T base [qbrozen]
Feb 22, 2007 (12:25 pm)
After 3 years, the residual is $13579.40 which I assume is the price to buy if I am going to purchase the car at the end of lease. I did not ask for the money factor.
#320 of 735 Re: Lease deal on S60 2.5T base [rriul]
Feb 22, 2007 (12:38 pm)
So that's a 43% residual, which is actually lower than volvo finance's residual. Hmmm... well, thanks for that info. It is helpful.
#321 of 735 2004 Volvo S60-R - Lease ending
Mar 02, 2007 (12:41 pm)
I have a 2004 Volvo S60R in excellent condition that is coming off of lease. I would love to purchase it and then sell it. Is that a good idea? It has maintained it's value and I think it would sell fast. The dealer wants it bad so they can sell it...we got a little inside tip on that information. The problem is I don't know the best way to sell it. Can anyone help.
#322 of 735 Re: 2004 Volvo S60-R - Lease ending [mmj]
Mar 02, 2007 (1:19 pm)
what's the purchase price and car details?
best way to sell a car? well, the pros around here have repeatedly told me to put an ad in the biggest paper around. I've found that too expensive. Honestly, the best bang for the buck I've gotten is through Ebay. 10 days of national full-color advertising for something like $30 is quite the bargain.
#323 of 735 Re: 2004 Volvo S60-R - Lease ending [qbrozen]
Mar 02, 2007 (1:39 pm)
Purchase price/buy out option is $21,980.40. Mileage: 34,000; 6 Speed Manual; AWD; 300 HP Turbo Charged 2.5L 5Cyl; Brembo Brakes; Bi-Xenon Headlights; Leather Sport Seats; 18" Titanium Wheels; Premium Sound Package & CD Changer & more.