Last post on May 15, 2013 at 11:36 AM
You are in the Volvo S60
What is this discussion about?
Volvo S60, Volvo S60 R, Car Leasing, Sedan
#719 of 734 Re: New S60 Lease Deal [jtk27]
by Car_man HOST
Dec 20, 2012 (4:56 pm)
Hi jtk27. Volvo Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2013 S60 T5 FWD with 10,000 miles per year are .00001 and 58% for consumers who qualify for its top credit tier.
I used a 3% adder to the 15,000 mile per year residual value to come up with a 10k resid, but since Volvo Finance is brand new I'm not positive that it's correct.
Prices Paid: Buying & Leasing Experiences Forum
#720 of 734 Re: Good Deal [Car_man]
Dec 20, 2012 (5:53 pm)
I didn't realize there was a Volvo Finance now. With the MF and residual you just quoted, the payment should be about $490 on the car I am looking at, rather than $524. I was using a 52% residual for 15K miles per year. The dealer quoted me 52% for the residual.
The reason the deal seems a bit off is just that paying $523/month for a $41K car seems like a lot when I can lease a MB E350 for $615/month and that's a $63K car.
#721 of 734 Re: 2013 S60 FWD with Premier Plus and Climate [romil01]
Dec 25, 2012 (12:11 pm)
The MSRP is $37,395.
The selling price is $32,777.51.
The net cap cost is $33,736.59.
The money factor is .00001.
The residual is 52%.
Again, 39 month lease with 15,000 miles per year.
2013 S60 T5 FWD with premier plus and climate packages, and metallic paint.
#722 of 734 Re: 2013 S60 FWD with Premier Plus and Climate [bpvolvo8]
Dec 30, 2012 (8:18 am)
Yes that looks like a great deal to me. The initial quote I got on an S60 was about $3K off MSRP, so your $5K off MSRP is great. Of course my quote is from the single Volvo dealer in Las Vegas...I haven't played them off any of the numerous dealers in CA yet.
What state did you get yours in?
#723 of 734 Re: Current offers from my dealership [woodentee]
Jan 11, 2013 (7:38 pm)
woodentee, what state/area did you get these deals?
#724 of 734 Feedback on Lease quote - s60 T5 Premier with Climate pkg
Jan 28, 2013 (1:47 pm)
Got a quote for sign and drive lease (including dest charge rolled in) as follows:
- 10k/39 month
- no money down, taxes/dest charge rolled in, only need to pay dmv fees
- 1st payment paid by Volvo up to $400
- $406 per month
The MSRP: $36,095
The selling price: $33,743
The net cap cost: Same as selling price
The money factor: .00001
The residual: .56
#725 of 734 S60 Lease Payment Any Good
Feb 02, 2013 (6:05 pm)
Went to the dealer today and got a quote as follows:
S60 T5 FWD - Platinum Package
MSRP just north of $40k
Selling Price $37651
Due at Signing Total $3000
39 months at 10k per year for $389/month plus tax = about $415 total
Is that a good deal? It struck me as a good deal as it is fully loaded. Not sure what the invoice on this car is. Anyone know?
#726 of 734 Re: S60 Lease Payment Any Good [hellojared2000]
Feb 02, 2013 (6:10 pm)
Forgot to mention residual after 39 months was 53% and money factor was 0.00001.
#727 of 734 Re: S60 Lease Payment Any Good [hellojared2000]
Feb 03, 2013 (6:36 am)
You can find the invoice by configuring the car here on this website and it will tell you the MSRP, invoice, and average price paid.
Seems like a good deal other than having to put $3K down. That's a lot of money for a lease. You should really strive for $0 down, which will increase the monthly payment, but is safer. If you total the car tomorrow, that $3K you put down evaporates into thin air.
#728 of 734 Re: S60 Lease Payment Any Good [hellojared2000]
Feb 14, 2013 (6:17 am)
Wow I'm a bit shocked to see that money factor. So Volvo is essentially not charging any interest in their current lease programs? A 0.00001 MF equates to a 0.024% interest rate, right?
Are the Volvo leases generally more favorable than say, VW or Acura?