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Prices Paid: Buying & Leasing Experiences 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
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Hi Car_man, 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 Thank you |
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Hi Car_man, 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? Thank you |
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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. Thanks.
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Replying to: sparty411 (Jan 05, 2008 6:17 am)
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Replying to: slesser (Jan 16, 2008 2:42 pm) |
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Replying to: sparty411 (Jan 16, 2008 6:29 pm) 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.
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Replying to: slesser (Jan 17, 2008 10:18 am) 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.
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Replying to: snaproll (Jan 19, 2008 4:39 pm) |
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thinking of leasing s60 2008 demo 7-8k miles. here is the pricing..... MSRP: 35150 Invoice: 32987 Sellling based on:23955.39 43 % resi. 36 month warranties are good for 36 months. miles start at 0 premium/climate/AWD Black/Black $349mth-taxes included $ 741 down If anyone can tell me what they think greatly appreciate it!
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Replying to: bestbuy08 (Jan 22, 2008 6:50 pm) |
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