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Volvo V70 Lease Questions

30 messages,  Last post on Nov 20, 2008 at 11:27 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Volvo V70, Volvo V70 R, Car Leasing, Wagon

Messages Page 2 of 4

#7 of 30 Leasing Newbie by bk_mojo

Jun 24, 2007 (8:14 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
msrp: $38365.00
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
charge/mile: $0.18
 
Any help would be GREATLY appreciated.

#8 of 30 Lease deal made 7/20 by karolinatx

Jul 20, 2007 (6:01 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
 
MSRP $37,675
Cap Cost $24,500
residual 40%
money factor .00295
Cash due at delivery: $1000
 
Monthly payments: $400

#9 of 30 Re: Lease deal made 7/20 [karolinatx] by Car_man HOST

Aug 09, 2007 (2:49 am)

Replying to: karolinatx (Jul 20, 2007 6:01 pm)
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!
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#10 of 30 help with lease on 2007 v70 wagon by ckm381

Oct 18, 2007 (12:53 pm)

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.

#11 of 30 wow by qbrozen

Jan 05, 2008 (2:23 pm)

this topic gets little attention, huh?
 
well, anyone know current MF and residuals on '08 or even '07 V70s?
any trunk money we should know about?

#12 of 30 Re: wow [qbrozen] by Car_man HOST

Feb 05, 2008 (3:48 am)

Replying to: qbrozen (Jan 05, 2008 2:23 pm)
Hey qbrozen. Volvo Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Volvo V70 with 15,000 miles per year are .00103 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00112 and 47%. Its 12,000 mile per year residual values would be 2% higher and its 10k resids would be 3% higher. Volvo is currently providing a $500 cash incentive on leases of the V70 through Volvo Finance. There also is $1,000 owner loyalty cash on it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#13 of 30 Need larger car badly by murphy4

Mar 01, 2008 (12:53 pm)

We have currently a 2006 V70 2.5t. We leased it for 36 months and we will hit 2 year mark in July 2008. We have now have three young boys who require car seats and it is next to impossible to get 3 car seat in the back seat. We are considering moving up to a xc90 with a third row but obviously don't want to pay a major penalty. Our car only has 14,000 miles on it and it's residual is $19,500 at the end of the lease.
 
Is trading it in now even a possiblity?

#14 of 30 Re: Need larger car badly [murphy4] by qbrozen

Mar 03, 2008 (9:52 am)

Replying to: murphy4 (Mar 01, 2008 12:53 pm)
Ok, first thing is that you need to know what the current buyout is, not the buyout another year from now. Then find out what the true trade in value of the vehicle is. This is the difference you need to worry about. (as I believe you will find it cheaper this way than paying all the remaining payments right now)
 
Second, you may want to reconsider the vehicle. If you believe you will have a carseat in the 3rd row of an SUV and live with it, I think you may be mistaken. Every time you go to put one child in the back, you will have to remove a carseat from the 2nd row so you can fold the seat to get to the 3rd row. Then put seat back and reinstall carseat. Not a process I would want to go through everytime I get in the car, personally.

#15 of 30 I don't get it on lease options for V70 by bill165

Mar 07, 2008 (3:41 pm)

What is it about this model Volvo that the car maker is afraid of...I have been into 3 New York area dealers and I can barely get them to talk to me about the car and they show it only relunctantly. They keep pushing their suv or cx model. I repeated that I came in to see the V70 and they still won't budge. One dealership (in Riverhead New York) would not even talk to me and I left after waiting 30 minutes. They keep saying people do not want to lease this car and once you can get them to give you a quote you see why. The CX costs more but leases for far less. I love the V70 but Volvo seems to run in the other direction when you try to purchase this model. Can anyone explain to me what's up with the V70?

#16 of 30 Re: Need larger car badly [murphy4] by Car_man HOST

Mar 19, 2008 (2:27 am)

Replying to: murphy4 (Mar 01, 2008 12:53 pm)
Hi murphy4. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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