Last post on Mar 26, 2010 at 1:38 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Volvo V50, Car Leasing, Wagon
#40 of 76 Re: 2008 V50 Lease deal? [ryanc111]
Sep 26, 2007 (1:35 am)
Hi ryanc111. You hit an Elk with your old car . 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.
Prices Paid: Buying & Leasing Experiences Forum
#41 of 76 48 month vs. 24 month lease???
Dec 04, 2007 (11:02 pm)
I am trying to work with a local dealer for a l24 month lease with little, to no down. I am looking at the base model, it does have fog lights & moon roof, but not much more. I was asking for a monthly payment in the mid $300's. They came back with $1,500 down and a $414 monthly for 48 months!?!?
I told them that I did not want such a long term lease and they said that the payments will be a lot more for a 36 or 24 month lease. Is this right? It seems that the residual will be a lot less after 48 months? Are they BSing me here. If not, why are so many attractive lease payments on other cars between 24 and 36 months? Why would this be different?
#42 of 76 v50 2.4 lease in oregon
Jan 18, 2008 (8:33 pm)
any lease incentives?
Mar 07, 2008 (10:29 am)
In Massachusetts here and trying to get my arms around a potential lease. Do we know what current deals are for this car? I want to be well armed before entering dealer. Thanks.
#44 of 76 Re: v50 2.4 lease [rumblebumble]
Mar 07, 2008 (10:44 am)
You might want to contact Farrell Volvo in Southboro. I have recently leased two Volvos from them (S40 and V50) and can highly recommend them for excellent lease pricing and straightforward honest no-hassle customer relationships. Can't say as much for the half dozen other Eastern MA dealerships that I contacted.
#45 of 76 Re: v50 2.4 lease [volvobuff]
Mar 07, 2008 (11:18 am)
Great, thanks for the tip. Are they leasing with a volvo program or another bank? Do you know the info on the lease factor, depreciation, volvo subsidy to lease company, etc.?
#46 of 76 Re: v50 2.4 lease [rumblebumble]
Mar 07, 2008 (11:55 am)
I would gladly pass along the name of my great salesman and sales manager, but this forum does not allow me to do so. Both of my vehicles were special factory orders, including features not available on NA market cars; they were great at going to bat for me with VNA and getting me the cars I wanted.
They offer leases through Volvo Financial Services as well as US Bank and Chase. US Bank had the best deals by far, both last May, when I got my V50, and last December, when I got my S40. VFS is simply not competitive, plus they require a monthly escrow of your MA excise tax. Lease numbers change from month to month and vary from one model to another, so any info I have would be both out of date and not applicable to your model.
In general, however, you should negotiate the net sale price first as if you were buying the car for cash outright, expect to get the car for at or close to invoice, and then get the entire current Volvo 3rd party lease subvention deducted from the net price to generate the cap cost used in calculating the lease. If you don't know what these terms mean, you need to do some homework before you go anywhere near a dealership. There are all kinds of creative ways to get screwed on a lease negotiation if you don't know what you are doing -- not that I think Farrell would do that to a customer. Focusing just on the monthly payment is always a mistake. Good luck and happy negotiating!
#47 of 76 Any current V50 Leasing programs?
Mar 17, 2008 (3:10 pm)
I live in Northern California and am looking for a volvo dealership that is offering a leasing program on the V50's. Does anyone know of any?
#48 of 76 Re: Any current V50 Leasing programs? [hldsbrg]
Mar 19, 2008 (1:24 am)
Hi hldsbrg. Technically, individual dealerships do not lease vehicles to consumers, banks do. You should be able to lease the V50 that you want through any Volvo dealer that you want to. Shop around and go with the one that offers you the lowest selling price. I don't believe that Volvo Finance is currently running a special lease program on this model. If not, then you will probably be better off leasing it through an independent bank. When negotiating your lease, keep in mind that Volvo is currently providing a special $4,500 cash incentive on leases of '08 V50 2.4i 2WD,$6,000 on V50 T5, and $6,500 on V50 AWD models. This cash will help you to negotiate an extremely low selling price.
Prices Paid: Buying & Leasing Experiences Forum
#49 of 76 Re: Any current V50 Leasing programs? [Car_man]
Mar 25, 2008 (11:21 pm)
On Edmunds.com the incentives listed are:
1500 Cash to Dealer start: 01/03/2008 end: 03/31/2008 Where did you get the $6000 amounts?