- #27 of 194
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Re: Is this a good lease deal [thebrad]
by zamo
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Jul 19, 2007 (6:40 am)
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Replying to: thebrad (Jul 19, 2007 6:30 am)
You should be able to get the same deal with just $0 down. Just First payment, tax and tag. Maybe they are adding the difference of your trade in to the mix. Trade-ins are usually equivalent to throwing cash through the window.
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- #28 of 194
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Confused on S80
by carsmart1
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Jul 20, 2007 (10:37 am)
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I'm starting the process of deciding if to lease a 2007 3.2 S80. The current lease offer sounds appealing, but I'm trying to understand the math behind the numbers. I'm qualified for "X" plan pricing, customer loyalty (I'm currently leasing a 2006 S60), as well as another available incentives. I've read about the $11K incentive to finance through a bank other than volvo-finance (although my dealer acts like he's never heard anything about this!). Can someone please help me understand what I should look at before walking into the dealership? Residual? Money Factor?
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- #29 of 194
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Re: S80 V8 Sport [fatboy04]
by Car_man HOST
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Aug 09, 2007 (2:34 am)
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Replying to: fatboy04 (Jun 09, 2007 3:54 pm)
Here you go Ray. According to the latest information that I have seen, Volvo Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Volvo S80 3.2 with 12,000 miles per year are .00037 and 64%, respectively. The numbers for an otherwise identical 36 month lease are .00132 and 51%.
Car_man
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- #30 of 194
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Re: Car_Man 08' S80....? [bodid]
by Car_man HOST
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Aug 09, 2007 (2:36 am)
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Replying to: bodid (Jun 29, 2007 11:43 am)
Hey Bo. Here's the information that you're interested in. According to the latest information that I have seen, Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Volvo S80 T6 with 18,000 miles per year are .00132 and 47%, respectively.
Car_man
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- #31 of 194
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Re: Amazing Deal [zamo]
by Car_man HOST
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Aug 09, 2007 (2:40 am)
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Replying to: zamo (Jul 01, 2007 8:41 pm)
Congratulations on getting such a good deal on your new car, zamo. Make sure to stop by the new Edmunds.com Dealer Ratings & Reviews section of this site to share your thoughts on your dealer experience with everyone. Enjoy your new ride  .
Car_man
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- #32 of 194
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Re: Is this a good lease deal [thebrad]
by Car_man HOST
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Aug 09, 2007 (2:42 am)
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Replying to: thebrad (Jul 19, 2007 6:30 am)
Hi thebrad. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this what car's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Car_man
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- #33 of 194
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Re: Confused on S80 [carsmart1]
by Car_man HOST
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Aug 09, 2007 (2:47 am)
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Replying to: carsmart1 (Jul 20, 2007 10:37 am)
Greetings carsmart1. It sounds as though you are new to leasing. If so, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
In short, the best way to get a good deal on a new vehicle is to negotiate the lowest possible selling price on it and then have the dealer calculate your lease payment using its buy rate lease money factor. You should be in good shape as far as the price of your vehicle is concerned because you will automatically be given an excellent price for purchasing through Ford's X-Plan. If you decide to lease this car through Volvo Finance, and while I am not sure it is possible that you may have to if you want to use the X-Plan, make sure that the dealer uses its buy rate lease money factor to calculate your monthly payment. This car's money factors vary by term, but its current 36 month buy rate is .00132.
Car_man
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- #34 of 194
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Re: Amazing Deal [zamo]
by iaswede
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Aug 10, 2007 (6:03 pm)
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Replying to: zamo (Jul 01, 2007 8:41 pm)
what was the negotiated price on your deal? I have been trying to figure a 3.2 with climate only and am not getting that close to your payment. Anyone with any suggestions on how to get this car to sub 400 with only fp, tax and tag it would be appreciated. I don't want to put much down since I have to sell a 2000 XC70 in the paper.
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- #35 of 194
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Re: Amazing Deal [iaswede]
by zamo
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Aug 10, 2007 (6:36 pm)
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Replying to: iaswede (Aug 10, 2007 6:03 pm)
This was at the end of June at closing hours. They might have given me a deal to just close the books. At that time there was a 2 grand customer loyalty rebate too.
MSRP was around 44.5K and negotiated price was around 40K. Residual was a bit more than 30K. 24 month lease, 10.5K miles per year. The 2 grand were used as cap cost. Another 750 bucks paid by the dealer were used as part of the cap cost too. I paid first payment, tax and tag due at signing.
Hope it helps. Where are u located btw?
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- #36 of 194
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Re: Amazing Deal [zamo]
by iaswede
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Aug 10, 2007 (7:36 pm)
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Replying to: zamo (Aug 10, 2007 6:36 pm)
Iowa. I have it figured as an s80 with climate only. 39,430 msrp. if i can get them to invoice of 37,031, use 2k to get it to 35,031. .00037, 24 months, 12k miles. 64 percent or 25, 235 residual. i am getting a payment of 456 which includes tax. What am I missing here? Is it the 12k miles that is affecting the bottom line?
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