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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 42 of 75

#403 of 737 Re: 2007 Volvo S60R Lease Question - Texas [atran38] by 28firefighter

Jul 17, 2007 (6:04 pm)

Replying to: atran38 (Jul 17, 2007 9:41 am)
Hey just so you are aware, I have a deal on the table for the following on an S60 R AWD 6spd(not sure the details as far as MF or anything at this point since its what was quoted initially):
 
MSRP: 50,115
Capcost: 31,000
Downpayment: $3000
Monthly Payment: $434 including tax
36 Months
12k miles/year
 
The dealership is giving about 9500 off the cars sale price, and then combined with the $10,500 in incentives by volvo for leasing through an independent bank, the deal is stupid cheap to pass on.
 
I'm in the philly area, but this car as at a dealer in DC.

#404 of 737 Re: 2007 Volvo S60R Lease Question - Texas [28firefighter] by qbrozen

Jul 17, 2007 (6:11 pm)

Replying to: 28firefighter (Jul 17, 2007 6:04 pm)
Well, usually cap cost takes the down payment into account, so I believe its more like $6k off before the incentive. But that's still ridiculously cheap. There has to be more incentive money or the dealer is losing money.

#405 of 737 Re: 2007 Volvo S60R Lease Question - Texas [qbrozen] by 28firefighter

Jul 18, 2007 (8:30 am)

Replying to: qbrozen (Jul 17, 2007 6:11 pm)
Yeah it is ridiculously cheap...I'm waiting for them to come back with the details and then I'll post them here. The dealer is sitting with something like 8 R's and has had them for a while now and they are really looking to move it. I just negotiated sale price first before I even mentioned the lease, and then I mentioned the lease and how I knew there were incentives and that was the number they gave me.
 
Its cheaper then what we paid for the V70 T5 we had on a lease 4 years ago...

#406 of 737 Re: 2007 Volvo S60R Lease Question - Texas [28firefighter] by atran38

Jul 18, 2007 (2:25 pm)

Replying to: 28firefighter (Jul 18, 2007 8:30 am)
Yea,
Its alot of incentive for a great car! Do you think a 48 month lease will be better off than a 36mth? I'm planning on purchasing the car once lease is up. Is that a good idea as well? On most cars, I know its not a wise thing to do but with all the incentives, it may be cheaper...

#407 of 737 Re: 2007 Volvo S60R Lease Question - Texas [qbrozen] by atran38

Jul 18, 2007 (2:36 pm)

Replying to: qbrozen (Jul 17, 2007 10:10 am)
I'm wondering the same thing too. I think the MF is way high and am trying to lower that but the dealer is telling me its dependent on my credit (i havent given them my credit app yet). I'm not sure if i calculate it right, but the interest is about $ 7k which seems oddly high.

#408 of 737 Re: 2007 Volvo S60R Lease Question - Texas [atran38] by 28firefighter

Jul 18, 2007 (5:01 pm)

Replying to: atran38 (Jul 18, 2007 2:25 pm)
The deal fell through on the particular car I was looking at, and it was the only manual that they have.
 
However I found another car that has what I want that lists for $43,850; Purchase Price: 37,161; Lease-Purchase Price: 30,411. This leads me to believe they are holding back on some of the incentive but this is prior to any negotiation.
 
Can anyone double check/confirm that there is still in fact $10,500 in lease incentives on the S60 R AWD for leasing through an independent bank?
 
Thanks!

#409 of 737 Re: 2007 Volvo S60R Lease Question - Texas [28firefighter] by qbrozen

Jul 19, 2007 (6:32 am)

Replying to: 28firefighter (Jul 18, 2007 5:01 pm)
The deal fell through on the particular car I was looking at, and it was the only manual that they have.
 
Maybe they realized what I suspected: they were losing money on the deal (?)

#410 of 737 Re: 2007 Volvo S60R Lease Question - Texas [28firefighter] by atran38

Jul 19, 2007 (8:03 am)

Replying to: 28firefighter (Jul 18, 2007 5:01 pm)
There is a 11,000 incentive on the car right now through an independent bank.

#411 of 737 Re: 2007 Volvo S60R Lease Question - Texas [qbrozen] by 28firefighter

Jul 19, 2007 (8:09 am)

Replying to: qbrozen (Jul 19, 2007 6:32 am)
You're probably right...they said they forgot to hold the car, so it sold to someone else (who offered more or whatever)
 
Anyway this is what I have on the table now:
 
2007 S60R AWD 6spd
Titanium Gray
Sand Soft Interior
Premium
Climate
Rear Park Assist
Interior Air Quality Sensor
Satellite Radio Prep
MSRP: 43,850
Lease-Sale Price: 30,211
$0 down/With Tax: 475/month, 36 months, 12k miles a year
$3000 down/With Tax: 376/month, 36 months, 12k miles a year
 
That sounds extremely reasonable to me...how does this sound to you qbrozen?

#412 of 737 Re: 2007 Volvo S60R Lease Question - Texas [28firefighter] by qbrozen

Jul 19, 2007 (9:47 am)

Replying to: 28firefighter (Jul 19, 2007 8:09 am)
Sounds great.
 
Man, that residual is just atrocious. Anyway, I plugged your numbers into Leasecompare.com and the best number it spits back is $501 with zero down. So it sounds like you are doing real well.
 
I know people usually say put nothing down, but I think I'd go with that $3k down. It saves you nearly $600 through the life of the lease (probably more like $200 if you subtract out lost interest on your part), but, more importantly, it gets you below $400, which is kind of a mental block for me, personally.

Messages Page 42 of 75

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