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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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Replying to: s60leaser (Feb 24, 2008 10:18 am) I'm making that assumption since you say the S80 with 40k miles will cost you $2k in mileage fees (10k miles x 20 cents?). And, if that is the case, you probably shouldn't lease another one at 15k/yr since you will go over by 15k total miles over the 3 years.
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Replying to: qbrozen (Feb 25, 2008 5:28 am) Yes they are both 2005, both are 10K miles/year, so I could go with 15K and be OK. THe s80 is currently at 36K but I assume 40K by lease end.The s60 is fine with miles, but needs Cosmetics  2K Does that help? Do you think the RV is negotiable on these?
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Replying to: s60leaser (Feb 25, 2008 8:02 am) You also may want to think twice about financing them for 5 years if you do buy them out. I mean, you gotta do what you want, but just think that they will be 8 years old before you are done paying for them.
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Replying to: qbrozen (Feb 25, 2008 3:09 pm) Even if I have to pay $ for mileage and cosmetic/repair to turn in? Thanks so much for the input. I hadn't considered the "8 yrs old" point..
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Replying to: s60leaser (Feb 25, 2008 4:21 pm) Of course, that is $5k over trade-in value, which is different than retail value. Retail value would be $1500-$2k over trade-in. So, even at $17k retail, you'd be paying $3k more than that. (if I'm recalling the S60 number correctly, which was about $15k, correct?) I think the S80 was even worse, was it not? |
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Replying to: qbrozen (Feb 26, 2008 9:13 am)
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Replying to: s60leaser (Feb 26, 2008 12:15 pm) And I think that is one of the good parts of leasing. At least when it works out like this. You have paid less for the car over this term than you would have had you purchased it. I have 2 leases right now, too. And neither is worth now what the end of the lease buyout is. So, in other words, come the end of the lease, the cars will be worth far less than the buyout amount. Lucky me because I just need to turn them in and walk away, allowing the manufacturer to eat the negative. |
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Replying to: s60leaser (Feb 26, 2008 12:15 pm)
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Replying to: qbrozen (Feb 28, 2008 9:11 am) .20/mile over,and at this rate Ill put on another $100 in mileage fees, so the 3 remaining payments doesn't (S'cuse the pun) ...pay.. But thanks-good to look at all the angles...
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