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Volvo S80 Lease Questions

241 messages, Last post on Nov 30, 2009 at 3:07 AM
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Replying to: jabber (Jun 12, 2008 6:55 pm) I have a selling price of 30,670 (base S80) after all discounts and with 2000 down the monthly payments are 509 for 36 months. The manager tells me that he is going with a bank which will not charge me taxes and with residual of 43%,MF 0.003. I though the monthly payment is high.
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Replying to: onc (Jun 13, 2008 12:04 pm)
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Replying to: jabber (Jun 13, 2008 12:26 pm) I live in Texas, and the manager is going through Chase. Volvo now is doing 4250 rebate and additional 3000 if you lease through third party (this is what the manager told me). This is all great as he is selling the car at invoive minus 7250. But the monthly payment is high given the bad residual and MF as you pointed. What is a good monthly payment on this car? Do you suggest a 3rd party bank I can deal with ? Appreciate your help. |
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I got this offer on S80 base model: Cash Down 0 2,700.00 3,700.00 24 Months 490 370 325 36 Months 510 430 396 48 Months 490 425 399 12,000 miles/yr MSRP: 37,900 Final price: 30,150 What do you guys think? |
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Replying to: sweeney4 (Jun 11, 2008 9:32 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: onc (Jun 11, 2008 9:52 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: volvos82 (Jun 12, 2008 3:33 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Here's the "printout" I got from a Bay Area Volvo dealer. I eagerly await your input! '08 S80 3.2 MSRP $45,710.00 LEV% 46% Lease End Value $21,026.00 Term: 36 months, 12k year Money Factor: .00209 Total sales tax: $1,547.28 Initial Cap Cost: $35,012.00 Adjusted Cap Cost $35,012.00 Base monthly rental: $505.60 Total annual fees: $300.75 Total Initial Fees: $840.00 amount due at start $1,689.33 Total monthly payment $548.58 i'm fuzzy about what the heck an annual fee and inital fees are. i'm probably supposed to be fuzzy about them!
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Replying to: jessepresley (Jun 18, 2008 1:03 pm) |
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Just got done talking to a salesman about leasing an S80 Base Model. Here's what he offered (no tough negotiating done at ths point - just the initial offer): MSRP 39450 Price 34150 Term 24 months Miles/year 15000 Residual 24065 (61%) Initial Payment 2995 (includes tax, title, acq fee, doc fee, and first month's payment) Monthly payment 419 Now, here's the interesting part. The difference between the purchase price and the residual value is 10085. Divide this by 24 and you get 420, which is essentially the same as the payment. So, based upon these numbers, the money factor/interest rate is zero. The saleman is a little fuzzy on getting me info on how the monthly payment is calculated. I know the purchase price of the car is somewhat high, and perhaps the residual is low, but you can't have your cake and eat it to. I guess the bottom line on a lease is the payment, not how they arrived at it. Any thoughts? |
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