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Prices Paid: Buying & Leasing Experiences Volvo V50 Lease Questions
68 messages, Last post on Jul 18, 2009 at 6:20 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Does anyone have the MF and Residuals for a 24 or 36 month lease at 15K miles per year? Will the values vary with different third-party lease companies? The $6500 off that VolvoBuff mentions is very tempting. How does one go about finding a reputable third-party leasing company?
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Replying to: timmboj (May 06, 2007 4:21 am) Yes, residuals and especially money factors will vary substantially among third-party lessors. It pays to shop around. Current Volvo Financial Service leases are nowhere near competive on the T5 and T5 AWD, which is why Volvo is offering generous subventions for third-party leases. You can and should contact third-party auto lessors directly for quotes (check Yellow Pages and Internet), but my experience is that car dealerships offer products from bank subsidiaries such as JP Morgan Chase, US Bank, and Wells Fargo that are very competitive. Such big national bank lessors often offer products only through car dealers and do not deal directly with end customers. The financial manager at your dealership should be willing to provide you with competitive leasing offers from at least two 3rd party lessors plus Volvo Financial Services.
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Replying to: volvobuff (May 06, 2007 7:10 am) Sounds good. Thanks! BTW: 2 points lower on the Residual? Or the MF? Or both?
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Replying to: timmboj (May 09, 2007 3:38 am) BTW (I realize this is off the leasing thread, but...) if you are considering both the V50 T5 and T5 AWD, as I think I recall from an earlier post, you might want to keep in mind that the AWD has a sport suspension, whereas the base T5 FWD does not, although it can be added to the FWD model with the Dynamic Trim Package. I test-drove both models, and the difference is fairly substantial. The V50 ride is very stiff to begin with, and the sport suspension makes it even more so. If handling and AWD traction are your primary concerns and you don't mind a stiffer ride, AWD is the way to go, plus you get another $500 lease subvention, which pays for a good part of the AWD upcharge. If, however, ride comfort and better fuel economy are of more importance to you, the FWD would be the better choice. I opted for the latter. Another issue is that if you are planning to buy a car off the lot from inventory, you are much more likely to find a selection of T5 AWD models available. My experience is that most dealers don't seem to want to stock T5 FWD models.
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Replying to: volvobuff (May 09, 2007 6:05 am)
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Replying to: timmboj (May 10, 2007 3:31 am) If you find the ride on the T5 AWD to be too stiff, you can always mitigate that problem with other tires. The OE Michelin Energy MXV4 S8 tires are really disappointing in both ride and handling; I plan to replace mine with Bridgestone Turanza LS-V tires as soon as possible. |
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Hey all, does anyone know if the 3rd party lease incentives are still around? How does that work? Do i need to have a lease worked out before I walk in the door or do I tell the finance guy at signing that I want to go 3rd party (after negotiating)? And whats the current MF and residual on a 2007 2.4i 48 mth lease? 10K, 12K, or 15k if you know them. Thanks! |
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HI What is the money factor and residual value for a V50 in NY with 15K per year and a 36 or 39 month lease. I read in Automotive News that dealers are getting up to $2250 in incentives. I had that confirmed with a salesman. Thanks RXKE |
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Ok, I hit an elk with my old car so am now in the need of a new car quickly. I live up in the mountains in Colorado and am looking at the 2008 V50 T5AWD. I have a quote from Roaring Fork Volvo in Glenwood Springs as follows: MSRP: 38,817 Cap cost: 33,444 Total out of pocket: 2,874 36 months - 15k/year 515/month Unfortunately I don't have any of the other details on the loan (residual, money value, details of out of pocket expenses) yet. I don't have a lot of time to do much research here - what's the consensus? Is this a fair deal?
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Replying to: ryanc111 (Sep 18, 2007 1:45 pm)  . I hope that everyone is OK. I could see where that would do some damage. Interestingly enough, a number of years ago I believe that I read an article about how a manufacturer, and if my memory is correct it was a Swedish manufacturer like Volvo or Saab before they were bought out, that conducted moose crash tests on new vehicles. Let's take a look at the deal that you were quoted. You are being given a huge discount on this car, over $5,000. This leads me to believe that the dealer you are working with is running your deal through a bank other than Volvo Finance. Volvo is currently providing a special $4,250 cash incentive on '08 V50 T5 AWD models that are leased through independent banks. When I add this cash to the likely $2,500 spread that this car has between its full MSRP and its dealer invoice price I come up with a total of $6,750 to play with. This probably puts the selling price that you were quoted at around $1,300 over invoice or so. This isn't bad, but it wouldn't hurt to shop around a little bit to see if you can beat this price by a couple hundred dollars if you have the time. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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