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Volvo S60, Volvo S60 R, Car Leasing, Sedan
Jul 31, 2007 (8:23 am)
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
Nordkap Blue Leather Interior
Interior Air Quality System
Sale Price: $40,300
Lease Sale Price (including $11,000 incentive): $29,300
$437/month including Tax
$0 down (Inceptions due at signing only)
Car is absolutely fantastic!!
#437 of 789 Re: I got it! [28firefighter]
Jul 31, 2007 (8:52 am)
wow! $16k off is insane!
#438 of 789 Re: I got it! [qbrozen]
by kyfdx@Edmunds HOST
Jul 31, 2007 (8:58 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...
Jul 31, 2007 (9:39 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 789 Re: I got it! [kyfdx]
Jul 31, 2007 (10:09 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 789 Re: I got it! [28firefighter]
Aug 04, 2007 (11:59 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.
Aug 04, 2007 (1:54 pm)
They had been sitting on the car for a while now, and didn't want to dealer trade it out. So they were very agressive with their pricing.
Either way, I'm lovin the car!
#444 of 789 Re: I got it! [28firefighter]
Aug 04, 2007 (2:25 pm)
Do you mind telling me what area you are in? Also, how far below invoice was the car sold for? Working backwards with your numbers, It looks like they sold you the car at about 1500 or more below invoice...
Or, if you dont want to post this info, please email me at vdriveryahoo.com
Aug 04, 2007 (7:05 pm)
I am in the Philadelphia region.
I believe I posted all my numbers further up as far as sale price and everything....but 1500 sounds right.