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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 38 of 75

#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.
 
Car_man
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Prices Paid Forum

#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
Host
Prices Paid Forum

#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.
 
Car_man
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Prices Paid Forum

#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

#371 of 735 s60 lease by explorer1

Jun 04, 2007 (2:43 pm)

Does anybody know what the #'s should be for an S60 lease for 36months/15K per in the Ma. area
 
Residual?
Money factor?
Daeler rebates?
 
Any help would be good.
 
Thanks

#372 of 735 Re: 2007 Volvo S60 T5 Price Opinion [djkronik57] by hts666

Jun 04, 2007 (11:18 pm)

Replying to: djkronik57 (Jun 02, 2007 7:33 pm)
2 months ago I leased an 07 S60R from Volvo of Santa Monica.
 
$475(including taxes) for 36 months, 15k miles/year
MSRP was about 45k
Final price was 30k
2k down, including fees and 1st months payment.
Lease is through US bank.

#373 of 735 Re: 2007 Volvo S60 T5 Price Opinion [wokscott] by ausdtech

Jun 04, 2007 (11:24 pm)

Replying to: wokscott (Jun 01, 2007 12:04 am)
The numbers are definitely not right on this. Using the data you provided and a lease worksheet I came up with about $340/month including 8.25% tax. They are packing the payment with something.
 
Well, to be precise, the numbers are good but they don't add up right.
 
Using Edmunds simple lease calc:
 
1.Sticker Price of the car plus options $37,725
2.Times the residual value percentage X.41
3.Equals the residual value= $15,467
4.Invoice price of car minus incentives (net capitalized cost) $23,900
5.Minus the residual (From line 3) - $15,467
6.Equals the depreciation over 36 months= $8,433
7.Depreciation divided by term in months÷ 36
8.Equals the monthly depreciation payment=$234.25
9.Net capitalized cost (From line 4) $23,900
10.Plus the residual (From line 3) + $15,467
Equals = $39,367
11.Times the money factor X .00207
12.Equals money factor payment portion= $81.49
 
13.Monthly depreciation payment $234.25
14.Plus money factor payment portion + $81.49
15.Equals bottom monthly lease payment = $315.74
16.Plus tax (using 8.25 as an example) $26.05
17.Total Payment $341.80

Messages Page 38 of 75

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