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Prices Paid: Buying & Leasing Experiences Volvo S80 Lease Questions
191 messages, Last post on Aug 18, 2008 at 8:05 AM
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| MSRP is $58,660 plus the free portable NAV. Third party lease. Cap cost is $47,013. Payment is $686.27 for 48 months 48K miles. Int is 4.776% I think. Only taxes and title and first months payment down. No Cap cost from me. Lease fee is built into the payment. Residual is $21,704 which is high (37%?) but I don't care. I plan to buy the car at the end of the lease. Kline Volvo in MN. I think this is fair since they are bringing the exact car in to my specifications. I think you could do a little better if you took one that was on the lot for a while. There are only two dealers in my town and the other dealer was pushing the cars they had in stock. They said they could not trade for car I wanted. That other dealer was $750/month plus a $400 lease fee for a demo with 5K mi. I have purchased four other volvo's from Kline including an '04 XC90 which has been a very good car. I assume that the third party banks have a high residual so that you want to keep the car and they don't get it back. Not a bad thing. Should have the car by the end of the month. | |
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Replying to: jay2001 (Mar 15, 2008 1:10 pm) Yes, $1500 was due at signing (including all bank fees, acquisition fees, 1st month, registration, etc) - all was included, it was $1500 exact. MSRP IS $41,300 - $42,500 (because of Venator wheels - if the car on the lot has rims on it, they will throw them in, otherwise u get standard wheels) As far as residual is concerned, i honestly didn't ask them, because i didn't care, as i do not plan on buying the car ( I believe its 51% give or take?) By the way, i need to clarify something - i was wrong when i posted that i got the lease through volvo financial because i actually got it through U.S. Bank. Also, you are right Jay, i was told by Francisco too that the Volvo financial 2 yr lease is ONLY for base model and 10.5k miles (coz otherwise money factor is out of whack and it makes the car payment go up exponentially). One thing u do need to know is that u absolutely need to have A+ credit (700+) to get this deal because the banks are getting tighter and tighter. Jay, i will post some more information on Saturday as i convinced my cousin to lease the S80 as well from the same place, so this is what he will be signing on: $1500 due at signing (1st month, registration...etc) $389 a month (including tax - Chico, CA tax rate ) 3 yr/ 15k miles per year 2008 Volvo S80 3.2 (Black with Black interior) Personal Car Communicator Climate Package My cousins credit score was below 700 and so the monthly rate was $10 more and i couldn't convince them to throw in the venator wheels.... I will post the residual, money factor, etc on saturday. Good luck!! |
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I went and visited a dealer by me and heard that till end march it is 3500 off a purchase, and 6500 off a lease. S80 T6 Black with Charcoal interior-- wPCC, Climate, BLIS, Sat Prep 18" Chrome ventillator (IBM has Ford discount agreement) $44,480 0 Down but the 1st payment taxes etc = ~$3,000 (sounds high) 39 month lease  $505 per mo residual 51% I am thinking the deal will be extended or better due to the slumping economy.  Going to the car show and going to look at LExus 350, Infinit M35 AWD etc.
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Visit the Volvo booth and fill out the form they have that asks for your email address. they will email you a coupon for a cash rebate if you buy a Volvo by June. I just got one. I assume this applies at all the auto shows. Well worth the trouble.
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Replying to: pjsulivn1 (Mar 21, 2008 4:06 pm)
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Replying to: amcdad (Mar 21, 2008 9:08 pm)
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thanks I intend to ask all at autoshow. Really leaning towards the Volvo currently. Is it too late to custom order a Volvo versus taking one off the lot? I really want the climate and sports apckages. cheers
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Replying to: rjt_65 (Mar 22, 2008 3:00 pm)
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Replying to: pjsulivn1 (Mar 22, 2008 6:13 pm) I plan to pick up my S80 this Friday- I posted the details of my deal on this board (message #89)- and am hoping that I'll be able to add an auto show rebate! A couple of things on some of the recent posts- the MF should be .00165 (3.96% interest rate) with the 3rd party lease. Also, with respect to the X-Plan, the $6500 lease incentive (for T6/3.2) should be applied to invoice price (or perhaps $200-$500 over invoice). That's a better deal. There is also a loyalty bonus of $1000 for current Volvo lessees (n/a for me) My car came from another dealer- I was very specific about options and colors, and my dealer says they had to trade 2 cars to get mine. You may want to do an internet search on inventory at local dealers to see what they have, but your salesperson should be willing to work for your business and do it him/herself. Finally, my dealer told me that the last 2008 S80 will be built in Sweden on May 15, so whatever inventory dealers have in May will have to last until August. Hope that helps- and good luck.
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Replying to: amcdad (Mar 22, 2008 7:59 pm) I know I can do a lot better - get a lot more car for very little more money - on a two year lease because I've already spoken with a salesman at Volvo on a few occasions. Why is Volvo being so aggressive? Are they having trouble selling cars? Also this might be a great time of month to get into a new car because the dealership/salesman might be extra aggressive trying to get deliveries out by month end. Or it might be a lousy time if the incentives for April improve. Thoughts, comments, suggestions?
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