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Volvo S60 Lease Questions

735 messages,  Last post on May 19, 2013 at 9:03 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 74

#408 of 735 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 735 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 735 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 735 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 735 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.

#413 of 735 Re: 2007 Volvo S60R Lease Question - Texas [qbrozen] by 28firefighter

Jul 19, 2007 (10:17 am)

Replying to: qbrozen (Jul 19, 2007 9:47 am)
I'm not to sure where residuals are usually on cars that are leased, but I was quoted 41% residual.
 
As far as the 3k down, the getting it below $400/month thing is also a mental block for myself as well haha.
 
I had been thinking about picking up a used R, but with these ridiculous lease rates, it pays to lease it first and then buy it out with that lease end buyout. Anyway we are going up to look at the car on saturday since I'll be out of town tomorrow, and if everything works out when we get there (and it isn't sold again), we'll do the deal. It just makes too much sense not to. I appreciate all your help with this!

#414 of 735 Re: 2007 Volvo S60R Lease Question - Texas [28firefighter] by qbrozen

Jul 19, 2007 (10:31 am)

Replying to: 28firefighter (Jul 19, 2007 10:17 am)
Heck, depending on how the lease works, it may be better to buy it out early. All depends on the numbers, of course.
 
I don't know if I'm helping nearly as much as living vicariously through you. ;b
 
Good luck. I'm jealous.

#415 of 735 Re: 2007 Volvo S60R Lease Question - Texas [28firefighter] by atran38

Jul 19, 2007 (10:56 am)

Replying to: 28firefighter (Jul 19, 2007 10:17 am)
Man,
Thats a heck of a deal! Mine is a bit high, i think...I have an S60R with the following:
MSRP - 43805
Cap - 30000
Residual - 32% (14,018)
Term - 48 months
Down - 1000.00
MF - .00385 (I think is high)
Payments - 500.00
 
Couple of questions...can the MF (my credit is good, not excellent) and the residual be negotiated?
 
Good job on your lease!!!

#416 of 735 Re: 2007 Volvo S60R Lease Question - Texas [atran38] by 28firefighter

Jul 19, 2007 (11:08 am)

Replying to: atran38 (Jul 19, 2007 10:56 am)
the Residuals are non-negotiable, but depending on if the Money Factor is marked up by the dealership will depend if you can negotiate it. If you don't qualify for top tier credit, it will be hard to know for sure what that base rate will be, especially with an independent bank who doesn't publish their information widely.
 
I know that doesn't help very much, but I will try and find out the money factor I am being quoted with top tier credit to give you an example.

#417 of 735 Re: 2007 Volvo S60R Lease Question - Texas [atran38] by qbrozen

Jul 19, 2007 (11:12 am)

Replying to: atran38 (Jul 19, 2007 10:56 am)
maybe you should try checking out that leasecompare.com site i mentioned a couple of posts back. $501 with $0 down for 36 months was the quote there. Still not as good as firefighter's, but much better than what you are being quoted.
 
You can also put your credit score in there, so maybe that will help you figure if your current quoted rate is accurate or not.

Messages Page 42 of 74

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