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Volvo S60 Lease Questions

735 messages,  Last post on May 19, 2013 at 9:03 AM

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

Messages Page 37 of 74

#361 of 735 Re: Need Assistance on S60 lease! [amoreno] by Car_man HOST

May 29, 2007 (2:24 am)

Replying to: amoreno (Apr 28, 2007 3:05 pm)
Thanks for the additional information, Andy. The fact that you didn't know about the $2,000 lease cash that is being provided on the 2007 Volvo S60 does not necessarily mean that it wasn't being taken into account on your deal. A base 2007 Volvo S60 2.5T only has a spread of around $1,800 between its full MSRP and its dealer invoice price. You are being given a discount of $5,600 on the car that you are interested in. If your lease is being run through Volvo Finance. This is an outstanding deal and probably as good a price as you are going to get.
 
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#362 of 735 Re: Is this a good deal? [realtorken1] by Car_man HOST

May 29, 2007 (2:28 am)

Replying to: realtorken1 (Apr 28, 2007 4:54 pm)
Hi realtorken1. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
 
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#363 of 735 Re: Is this a good deal? [realtorken1] by Car_man HOST

May 29, 2007 (2:29 am)

Replying to: realtorken1 (May 01, 2007 7:20 am)
Hey realtorken1. Ahhh, I see that you did mention this car's selling price. It still would be very helpful if you were able to provide me with its MSRP so that I can see what sort of discount you are being given on it.
 
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#364 of 735 Re: S60 R lease questions [dm13850] by Car_man HOST

May 29, 2007 (2:33 am)

Replying to: dm13850 (May 14, 2007 10:48 am)
You're very welcome, dm13850. Here's the information that you're looking for. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Volvo S60 R with 12,000 miles per year are .00081 and 50%, respectively. When negotiating a lease of this car through Volvo Finance, make sure to take the $2,000 lease cash that is available on it into account. If you decide to lease this car through a bank other than Volvo Finance, make sure to take advantage of the whopping $11,000 cash incentive that is available on leases of it through independent banks.
 
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#365 of 735 Re: Numbers on S60 don't add up [qbrozen] by Car_man HOST

May 29, 2007 (2:34 am)

Replying to: qbrozen (May 23, 2007 5:56 am)
No kidding, qbrozen. Volvo is providing a ton of support on leases of its vehicles through independent banks right now. Unfortunately, the cash incentive on leases of the 2007 V70 through independent banks is currently only $4,000.
 
Car_man
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#366 of 735 Re: Numbers on S60 don't add up [dm13850] by Car_man HOST

May 29, 2007 (2:35 am)

Replying to: dm13850 (May 23, 2007 6:55 am)
Hi dm13850. Please see my response to your original question a couple of posts ago. Let me know if you have any other questions.
 
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#367 of 735 2007 Volvo S60 T5 Price Opinion by wokscott

Jun 01, 2007 (12:04 am)

Hey Car Man,
How does this sound:
2007 Volvo S60 T5
Convenience Package
Premium Package
Sport Package
Metalic Paint
36 Month/12K per year
MSRP $37,735
Cap Cost $23,900
Money Factor .00207 (US Bank)
Residual 41%
$716.04 Drive Off
$369 + $30 Tax + $399 per month
What do you think? Does this sound like a good deal? Should I be aware of anything else?

#368 of 735 Re: 2007 Volvo S60 T5 Price Opinion [wokscott] by qbrozen

Jun 01, 2007 (6:20 am)

Replying to: wokscott (Jun 01, 2007 12:04 am)
It is amazing to me that even with $14k off, this costs $400/mo. The residuals are just SO horrible!
 
Anyway, considering there is only about a $2300 spread between MSRP and invoice, and the lease incentive is $9k, then it sounds like you are costing the dealer about $2700. I don't know how, but its certainly a fantastic deal for you.

#369 of 735 Re: 2007 Volvo S60 T5 Price Opinion [qbrozen] by spiderdan

Jun 01, 2007 (6:51 am)

Replying to: qbrozen (Jun 01, 2007 6:20 am)
I would jump on this ASAP - phenominal deal! My cap cost was $25,425 on a 2.5T (metallic/premium/climate) and I thought that was a good deal. Take it and run!

#370 of 735 Re: 2007 Volvo S60 T5 Price Opinion [spiderdan] by djkronik57

Jun 02, 2007 (7:33 pm)

Replying to: spiderdan (Jun 01, 2007 6:51 am)
What about $499 a month/48 months for a 2007 S60R? And is the $10k off an incentive or a dealer sale? Can I negotiate this harder? This is my first lease. Thanks!
 
$499 for 48 months
MSRP $45,170
Invoice $35,170
Residual $15,357
$2000 down including fees

Messages Page 37 of 74

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