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Sedans Volvo S40 Volvo S40: Lease Questions
299 messages, Last post on Nov 17, 2009 at 4:49 AM
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Replying to: yllib569 (Dec 07, 2007 6:04 pm) Obviously, you meant $388.07. just clarifying for other readers. But you did make a fatal mistake. Cap cost of $24638 x residual of 51% = $12,565 Residual is from the MSRP. So its $33,392 x .51 = 17,029.92. Leaving you about $7600 to pay off. However, you are forgetting several fees that add to the cap cost, such as inception, bank, doc fees, and MVC. My take away from performing this excercise is that regardless of how low I can get my cap cost, a lousy money factor will really jack the payments, right? yup. But I think a lousy residual hurts more. Your calculated MF seems awfully low, however. Last I checked, rates were in the mid .002 range. You can check out leasecompare.com to get an idea. |
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My 2005 S40 2.4i lease is expiring in April. Carman do you know what the current deals are from Volvo on a new S40? On my last lease Volvo was offering $1000 loyalty cash. I want to try to get in with zero money down and under $300 per month for 3 years. I do have access to the Ford X plan. I will be purchasing in Scottsdale Arizona.
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Carman, or whoever may be able to help, I'm looking to lease a car and i'm thinking about leasing a 2008 volvo s40 T5. I was wondering if anyone knows the current incentives/rebates that Volvo is offering. Also does anyone know what the current residual rate/money factor would be for a 24 month lease at 12,000 miles? The MSRP on the model i want is $33,900. Edmunds.com says i should pay around $31, 052 for that. Does that include any rebates volvo will offer, or is that the number i should aim to get them down to prior to including any rebates on top? Thanks to anyone who can help.
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Replying to: fogarty19 (Feb 17, 2008 2:24 pm) I am a sales consultant for Volvo and own a S40 T5 myself. I leased my car last july I believe, and since I do work for Volvo I am very satisfied with the deal I was able to give myself. Let me share with you what I got b/c it doesnt seem like much b/c Volvo doesnt offer very much incentives for the T5. So don't be turned off if your dealer isn't very flexible (they're not given much room). My car is the 2007 S40 T5 FWD at msrp of $33,005 and cap cost was $30,000. 36 months 15,000 miles per year I pay $472.00/month including tax with $500 down. So I guess what I'm saying to you is if you can beat this deal or match it, you've done very well for yourself. I know my dealership's gross profit on this car was NEGATIVE NEGATIVE! I love my car to death and wouldnt drive anything else and is definitly worth the money. I hopes this gives you a good idea where to start with negotiating. Good luck!
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Replying to: volgirl (Feb 17, 2008 5:46 pm)
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Replying to: fogarty19 (Feb 18, 2008 4:45 pm) I talked with the dealer and got him down a little. The MSRP is 33,000. They dropped it to 31,000 (invoice is 30,800). Then they took off the $6000 incentive so it comes down to 25,000 (but you have to have $995 in volvo/bank fees so the Net Cap is 25995). As for a net cap i think that is a very good deal. However, to get the $6000 off i have to go through volvo's outside lender who screws me with the residual and the money factor. the residual rate is 43% and the money factor is .00202 (or 4.92%). when you calculate it out, see below, at $0 down, it comes to about $408 a month pre-tax and 429 with 5% sales tax (MA) for a 36 month lease at 12,000 miles. MSRP- 33,014 x .43= 14196 25995 - 14196= 11, 798 11, 798/36= 327.95 25995 + 14196= 40191 x .00202= 81 327 + 81= 408 408 x .05 = 20 in tax a month 408 + 20= 429 a month with tax with $0 money down this seems like a decent deal to me, any opinions? does anyone think i can get them to drop it a little more (ie from 31,000 to say 30,000 or 30,500)?
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Replying to: fogarty19 (Feb 20, 2008 10:03 am) |
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Does anyone know the March numbers for the 2.4i? Also does Volvo have any specials for current Volvo owners?
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Replying to: paulsaz (Mar 04, 2008 12:01 pm)
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Replying to: paulsaz (Feb 16, 2008 9:49 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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