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Volvo S60 Lease Questions

552 messages,  Last post on Feb 28, 2008 at 9:20 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#433 of 552
Re: S60R LEASE [28firefighter] by felbie1
Jul 26, 2007 (6:40 am)
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Replying to: 28firefighter (Jul 26, 2007 6:18 am)

Thank you, so the deal that you had posted earlier was based on a 41,200 price before the incentives? is this invoice for the car? IM hoping its possible to get the sale price in the 30's although all of the other factors can bring the payment up, ideally id like to be at/under 400/month.
 
Any idea what kind of incentives are on the T5 model?
#434 of 552
Re: S60R LEASE [felbie1] by 28firefighter
Jul 26, 2007 (8:07 am)
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Replying to: felbie1 (Jul 26, 2007 6:40 am)

The deal I had posted never went through, but yes the few deals I had were based on either Invoice pricing or below- all that information can be found by pricing out the car you are looking at on the edmunds front page.
 
Depending on what your car lists for, what its invoice is, and what your negotiated lease price is before money down, you should be able to get it below 400/month with money down.
 
Good Luck.
#435 of 552
current 2.5T and T5 incentives by tonyt1
Jul 28, 2007 (2:54 pm)
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What are the current lease incentives on the 2.5T and T5? I keep hearing about the $8000 incentive when leasing through an independent bank. Are there other lease incentives (e.g., dealer cash) that this can be combined with? I'm guessing there are because I see these cars advertised for lease with a cap cost more than $8000 under invoice. I would just like to know exactly what they are so I'm armed with all the info when I go to a dealership. THANKS IN ADVANCE!
#436 of 552
I got it! by 28firefighter
Jul 31, 2007 (9:23 am)
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I didn't want to jinx anything and post the details of the deal, until I was sure the car was mine...but today I picked up my 2007 S60 R AWD!!!
 
I'll post pictures of it later on once I get my camera, but wow...an amazing car...here are the details of the deal:
 
2007 Volvo S60 R AWD
Black Sapphire
Nordkap Blue Leather Interior
6spd Manual
Premium Package
Climate Package
18" Wheels
Interior Air Quality System
Volvo Bluetooth
List: $45,700
Sale Price: $40,300
Lease Sale Price (including $11,000 incentive): $29,300
$437/month including Tax
36 Months
12k miles/year
$0 down (Inceptions due at signing only)
 
Car is absolutely fantastic!!
#437 of 552
Re: I got it! [28firefighter] by qbrozen
Jul 31, 2007 (9:52 am)
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Replying to: 28firefighter (Jul 31, 2007 9:23 am)

hey, congrats!
 
wow! $16k off is insane!
#438 of 552
Re: I got it! [qbrozen] by kyfdx HOST
Jul 31, 2007 (9:58 am)
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Replying to: qbrozen (Jul 31, 2007 9:52 am)

I agree.. it's crazy..
 
I wonder if there is some sort of chargeback, if you try to buy the lease out in the first few months? If not, it seems that leasing, then buying, would be cheaper than purchasing outright...
#439 of 552
Re: I got it! [kyfdx] by 28firefighter
Jul 31, 2007 (10:39 am)
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Replying to: kyfdx (Jul 31, 2007 9:58 am)

The residual on it is absolutely stupidly low...something like $17k. My feeling is if the car is trouble free, I'll buy it out at the end of the lease. It's just so much car for the money.
 
Also...an interesting lil tidbit from when I was signing the papers...in the lease agreement with the independent bank, they had a stipulation in there that says as long as you pay your monthly payment on time, they will cover any excess wear and tear on the car up to a cost of $2000.
 
Anyway, as long as it stays trouble free I'll be happy. The deal was really painless too.
#440 of 552
Re: I got it! [kyfdx] by qbrozen
Jul 31, 2007 (11:09 am)
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Replying to: kyfdx (Jul 31, 2007 9:58 am)

oh, absolutely. And that's exactly what I've been telling people on these S60s for quite some time now. There is just too much trunk money on a lease to NOT take advantage.
#442 of 552
Re: I got it! [28firefighter] by ssmike
Aug 04, 2007 (12:59 pm)
Reply

Replying to: 28firefighter (Jul 31, 2007 9:23 am)

How'd you get the dealer to go about 2K below invoice (in addition to the lease incentives)? It seems to me that their selling price cut out most, if not all of the profit from the holdback?
 
Thanks. I am negotiating with a dealer on a similar car and they want a bit OVER invoice on an R with a few more options.

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