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Prices Paid: Buying & Leasing Experiences Volvo S80 Lease Questions
194 messages, Last post on Aug 31, 2008 at 12:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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With Volvo advertising "model year end clearance", where are the 2009s? I expect they will be as aggressive in trying to move those in a lousy economy.
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Replying to: s60leaser (Jul 11, 2008 7:35 am) To me, it doesn't make sense to buy out a lease before its scheduled end. Doing so will probably end up costing you more money than if you had waited until the scheduled end of your lease and compared your car's purchase price to what you would have to pay for a similar car on the open market. The interest portion of your car's lease payment is based upon the selling price that you negotiate, but the depreciation portion is based upon a percentage of its full MSRP. Banks base their residual values upon cars' MSRPs because theoretically all S80s are worth the same amount at the end of three years, regardless of what selling price the lessee negotiated. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: crestonave (Jul 11, 2008 7:43 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jul 16, 2008 3:35 am)
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I'm ready to do a lease on a: 2008 S80 T6 AWD Metallic paint Sport package Climate package PCC Sat Prep Blind Spot $0 down (just tags) $491/month plus tax 36 months 12,000 miles/year It seems to be too good a deal to pass up! |
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Replying to: theroux1 (Jul 17, 2008 8:07 am)
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Replying to: jabber (Jul 17, 2008 9:36 am)
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Replying to: Car_man (Jul 16, 2008 3:29 am) Since the car was a demo, it is eligible for the new car program, meaning, I can still lease it. After reading your last comment ("money factor and residual value would be .00118 and 48%, respectively"), I feel like I need to negotiate those terms more aggressively. I had already planned on questioning the dealership about them, but if you say that I should be getting better terms, I'll make sure I don't sign before something changes. Then again, you may tell me that because the car is used, then my terms are spot-on. Either way, I would think that the residual factor should essentially be the same, new or used. The lease terms I have been given so far are as follows: MSRP: $39,950 Capitalized Cost: $29,000 Bank Fee: $995 Total Cap: $29,995 Cap Reduction: $3,025.27 Net Cap: $26,969.73 Residual: $17,267.15 (43.22%) Money Rate: .00209 MONTHLY PAYMENT: $361.98 (+28.05 tax = $390.03) So basically, aside from the money rate and residual issue, is there anything else that glares out at you that I should address? From some of the discounts that people listed above, I feel like they should be giving me more discounts (although the car is used, so my initial capitalized cost is significantly lower). Thanks for your help! |
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Replying to: theroux1 (Jul 17, 2008 11:51 am) MSRP $57,000 (everything except Nav & Collision Package) Cap Cost $39,654 (selling price) Residual $24,500 36 month lease / 12,000 miles per year $2,100 down $527/month Total cost of use: $21,100/36 mos. Anyone do better than this? |
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MSRP $57,000 (everything except Nav & Collision Package) Cap Cost $39,654 (selling price) Damn!! |
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