Last post on May 24, 2013 at 7:23 AM
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Volvo S60, Volvo S60 R, Car Leasing, Sedan
#518 of 737 Re: NEW Incentives!! S60R [gnotcat]
by Car_man HOST
Dec 07, 2007 (5:16 am)
Hi gnotcat. I don't believe that Volvo is currently providing any cash incentives on leases of the 2008 S60 through Volvo Finance. It does have $750 dealer cash on this model right now, but it is not compatible with Volvo Finance's special lease program. Volvo is providing a $5,000 cash incentive on leases of 2008 S60 2.5T 2WD models through independent banks.
Prices Paid: Buying & Leasing Experiences Forum
#519 of 737 2007 S60R Information
Dec 08, 2007 (4:36 pm)
Can you please tell me what are the current rebates (if any) on the 2007 S60R?
Also, can you please provide MF and residual information for the following terms:
24 month 12k
36 month 12k
#520 of 737 2008 S60 Lease Information
Dec 11, 2007 (5:36 pm)
Can you please provide MF and residual information for a 2008 S60 2.5T AWD and FWD?
24 month 12k
36 month 12k
Also, can you please confirm what incentives are available?
#521 of 737 S60 Lease Programs
Jan 05, 2008 (6:17 am)
Hey Car Man:
I spoke to my Volvo sales consultant yesterday and he mentioned that Volvo just announced aggressive lease programs on S60s and S80s. I am considering both models, so I would be curious if you knew the current MF and residual for both (24 mo and/or 36 mo; 12K per year). I was in the car, so I couldn't write down the numbers but I think he said there is $6500-$7000 lease support on the S60 and S80. We are coming off lease in February (V70), and I don't know if any loyalty cash is out there as well. I just would like to be prepared before I go in to see him next weekend. Any info would be great.
#522 of 737 Re: S60 Lease Programs [sparty411]
Jan 16, 2008 (2:42 pm)
I just picked up my new 2008 S60 last night. Yes there is $7,000 in lease incentives out there. I am paying $358.15/mo before sales tax for a 36 month lease, 12,000mi, with no money down. With Climate and convenience packages.
#523 of 737 Re: S60 Lease Programs [slesser]
Jan 16, 2008 (6:29 pm)
Slesser, this sounds like a pretty good deal on a no mondy down lease. If you don't mind me asking, what was your MSRP, cap cost, residual and MF (and cash due)? Also, where did you buy? My dealer is quoting $420 on what appears to be a comparably equipped vehicle, also no money down and 12K/36mo. He has been VERY slow to give me a response to my challenges to his contribtion. If you don't mind sharing some more details, it would be helpful.
#524 of 737 Re: S60 Lease Programs [sparty411]
Jan 17, 2008 (10:18 am)
I don't have the actual worksheets for my car as I ended up with the S60 AWD black non-metallic paint, Climate and Premium packages. But I do have the worksheet for the same car with metalic paint.
The monthly payment for this car came to $366.87 before state tax.
Actual MSRP - $35,625
But he used what he called CRV of $38,100 to caluclate residual
Adj. Grs Cap cost - $26,895 ( after all his rebate money available off the $35,625)
Residual - .43% (x $38,100) = $16,383
Total Depreciation - $10,512 ( $26,895 - $16,383)
Monthly Dep - $292.00
Mo. lease chg. $ 74.87
Total due at signing - $1394.96 (1st mo+tax385.21+ $39.75 tax + $970 GAP ins./ Acq Fee / lic & registration fees)
I did this deal in Massachusetts.
#525 of 737 Re: S60 Lease Programs [slesser]
Jan 19, 2008 (4:39 pm)
Thanks for posting this, I think it is an unbelievable deal.
Based on what you listed above. You can write a check for $1,394.96 for a car with a $35,625 msrp and then pay $385.21 per month. These numbers even include the 5% sales tax. I am not shocked so much by the payment as I have been able to lease an S60 in the past for $399 per month tax included. What surprises me is the residual of $16,383.
If you took this deal and paid the $1394.96 and then 35 payments of $385.21, that totals $14,877.31. Now at the end of the lease, you buy it for $16,383 + 5% sales tax, which is $17,202.15. You now own the car and have a total of $32,079.49 invested.
Compare this with a purchase. The invoice on this car is $33,395 and Edmunds shows a $2500 dealer cash incentive. If you could get the car at invoice and get the entire $2500 incentive, that puts you at a price of $30,895. Add the 5% sales tax gets you up to $32,439.75. So, if you had the money in your hand to buy the car at this price. It actually saves you $360 to take the lease and that assumes that you did absolutely nothing with the $32,000 to earn interest over the next three years.
I have seen some deals where the lease was almost equal to a purchase but nothing where it was actually cheaper. There most be a lot of incentive money available that is not published.
Anyway, thanks again for posting and I would say very sweet deal.
#526 of 737 Re: S60 Lease Programs [snaproll]
Jan 19, 2008 (10:55 pm)
The actual cost for purchase should including the interest for the payment. In above case, if you put $32,000 in the bank and the APR is 5%, after 3-year, you will have $1600 x 3 = 4800 in hand. Of course, above calculation is over-simplified. The real difference between leasing and buying should be smaller than this value.
#527 of 737 S60 Volvo Demo lease
Jan 22, 2008 (6:50 pm)
thinking of leasing s60 2008 demo
7-8k miles. here is the pricing.....
Sellling based on:23955.39
43 % resi.
warranties are good for 36 months. miles start at 0
$ 741 down
If anyone can tell me what they think greatly appreciate it!