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Volvo V70, Volvo V70 R, Car Leasing, Wagon
#1 of 30 Volvo V70: Lease Questions
Aug 31, 2005 (4:36 pm)
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volvo V70. Thanks.
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#2 of 30 End of lease questions
Sep 26, 2005 (5:59 am)
My wife and I will be approaching the end of lease for our Volvo V70 next in two months. It has been an incredible car and our first lease. We do however, find ourselves with a few questions that more experienced leasers might be able to answer.
1) We leased for 12000 miles a year and did not use half that. Would we receive any credit for this on a subsequent lease? Can our next lease be lower than the 10000 mile bottom end that is advertised? 7 or 8000 would probably suffice for us.
2) We leased through Volvo. Is there an advantage to leasing through a bank? Do they offer leases as well as straight purchase financing?
3) We are on Long Island and stories about leasing companies pulling out of NY due to lawsuits targeting the lease maker makes it seem that the people still in the lease game might be charging more to cover additional possible expenses. Can I lease for less in a state where these liability laws do not exist? Am I forced to lease in the state of my residence? Do we have to return the car to the dealership that we leased from, even though the lease was from Volvo Finance? Make no mistake, we liked our dealership but don't want to be tied down in case there are better deals out there. Thanks for any help you can offer.
#3 of 30 Re: End of lease questions
Oct 03, 2005 (2:00 am)
Hi obsqr. Unfortunately, banks do not give consumers credits for unused miles on their leases. The only way that you would be able to benefit from your vehicle's low mileage is if you were to purchase it from the bank that you are leasing it through for less than it is worth on the open market and then trade it in or sell it for a profit. The lowest mileage allowance that I have seen most banks offer is 10,000 miles per year. I don't believe that Volvo Finance offers leases with fewer annual miles than that, but you should ask the F & I person at the dealership that you are working with. Perhaps they can find a low mileage lease program that will work for you.
Some independent banks lease vehicles to consumers, however most still prefer to do business through dealers rather than dealing directly with the general public. Volvo often offers cash incentives on vehicles that are leased through independent banks, so leasing certain Volvo models through independent banks can sometimes be less expensive than leasing them through Volvo Finance.
The banks that did continue to lease vehicles to consumers in New York after the whole vicarious liability issue became a real problem did indeed charge higher lease acquisition fees to New York residents than they did to consumers in other states. Having said this, the government recently passed a law banning the frivilous vicarious liability lawsuits. As a result, many banks that had stopped leasing vehicles to New York residents are continuing to do so again and the banks that were charging higher acquisition fees there are beginning to lower them.
You do not have to return the vehicle that you leased through Volvo Finance to the dealership that you originally got it from. You should be able to drop it off at any Volvo dealership at the end of your lease. Just make sure to make an appointment because most dealers get annoyed by consumers who just stop by cold to return their leased vehicles.
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#4 of 30 Re: Volvo V70: Lease Questions [Car_man]
Feb 22, 2007 (6:54 am)
Can you give me the current Money factors and residual values for the 2007 Volvo V70 wagon? I am looking for 36 months and 12k miles per year. If there is a distinction for AWD, or you have figures for both the V70 and the XC70, I'll take them both.
#5 of 30 Re: Volvo V70: Lease Questions [burgermac]
Mar 01, 2007 (4:37 am)
Hey burgermac. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Volvo V70 2.5T with 12,000 miles per year are .00033 and 50%, respectively. The numbers for an otherwise identical lease of a 2007 Volvo XC70 are .00116 and 50%. When negotiating your lease on either of these vehicles, keep in mind that Volvo is providing $2,250 lease cash on them. This cash will help you to negotiate an attractive capitalized cost for your lease.
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#6 of 30 June 2007 V70 Lease - Help
Jun 21, 2007 (12:40 pm)
Thoughts on where these guys can improve?? Thanks!
Volvo Lease Program - which I need to do because it helps tremendously with my local jurisdiction Personal Property Tax
Sell Price: $36,821
Bank Fee $595
Sale Price: $35,211
Purchase option: $23,459.85
Base Payment: 547.11
7% taxe: 41.70
Total Payment: $588.81
$650.00 due at signing (which I think is the sec deposit.)
#7 of 30 Leasing Newbie
Jun 24, 2007 (7:14 am)
I have never leased a car, now have i ever owned a volvo, but i am considering loeasing a 2007 V70 2.5L Turbo. The mileage cap will definitely be ok, but i don't have a clue as to how a lease works.
Can anyone tell me if this is a good deal, and which element of this offer i can negotiate the best? Thanks!
2007 V70 2.5L Turbo FWD
residual: 32% $12276.80
term: 48 months
total msrp - discounts: $38365 - $9890 = $28,475.00
cash cap red: $0
capped fees: $1179.00
Adj Cap Cost: $29654.00
Base Payment: $461.82
up front payments: $461.82
up front fees: $39.00
up front tax: $300
cash due on lease: 800.82
Cash due at delivery: $800.82
mileage allowed per year: 12000
Any help would be GREATLY appreciated.
#8 of 30 Lease deal made 7/20
Jul 20, 2007 (5:01 pm)
Here's the deal we just struck at Park Place Volvo in Dallas, TX:
2007 2.5T in white, luxury edition, 36 mos, 12k miles/year, x-plan pricing
Cap Cost $24,500
money factor .00295
Cash due at delivery: $1000
Monthly payments: $400
#9 of 30 Re: Lease deal made 7/20 [karolinatx]
Aug 09, 2007 (1:49 am)
Congratulations on getting such a good deal on your new V70, karolinatx. Make sure to stop by the new Dealer Ratings & Reviews section of this site to share your thoughts on the purchase experience with everyone. Enjoy your new ride!
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#10 of 30 help with lease on 2007 v70 wagon
Oct 18, 2007 (11:53 am)
Hi. I am looking for some help. I have been negotiating with a dealer here in North Carolina on a 2007 V70 wagon. Basically, here is the deal that he has offered:
MSRP $35,375 (2.4L Luxury package)
Price for me: $25,988
Lease term: 48 months
Due at delivery: 1 payment
Monthly payment: $480.43
Residual Amount: $12,821.40
What I was trying to get from him was a payment of around $375.00 for 36 months with nothing down. I have a 2005 Chrysler Pacifica that i leased in 2004 for 39 months at $363.00/month. The sticker was $33,515.
Can anyone tell me if I am dreaming to try and get close to the deal that I am currently in, or is the deal that the dealer is offering me now about as good as it will get? He first tried to get me in a least at $490.53 a month for 48 months and I said no dice. Any advice would be greatly appreciated.