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Wagons Volvo V70 Volvo V70: Lease Questions
30 messages, Last post on Nov 20, 2008 at 10:27 PM
You are in the Volvo V70 Forum. Your Host is kcram
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Volvo V70. Thanks. Car_man Host Smart Shopper / Prices Paid Forums
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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. |
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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. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Aug 31, 2005 4:36 pm) 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. Thanks, burgermac
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Replying to: burgermac (Feb 22, 2007 6:54 am) Car_man Host Prices Paid Forum |
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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 MSRP: $38,915.00 Sell Price: $36,821 Bank Fee $595 Title: $195 Rebate: $2,400 Sale Price: $35,211 Residual: 59% Purchase option: $23,459.85 Miles: 10,500/YR Factor: .63% 24 Mos Base Payment: 547.11 7% taxe: 41.70 Total Payment: $588.81 $650.00 due at signing (which I think is the sec deposit.) |
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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. |
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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
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Replying to: karolinatx (Jul 20, 2007 5:01 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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. |
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