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Volvo S40: Lease Questions

299 messages,  Last post on Nov 17, 2009 at 4:49 AM

You are in the Volvo S40 Forum. Your Hosts are pat & karens

What is this discussion about? Volvo S40, Car Leasing, Sedan


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#279 of 299
Dang it! by kyfdx HOST
Feb 26, 2009 (11:40 am)
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I'm off topic, again!
#280 of 299
Re: VOLVO S40 Lease rates [mikeut2k3] by shop4cars1
Feb 26, 2009 (12:45 pm)
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Replying to: mikeut2k3 (Feb 25, 2009 3:12 pm)

I went in to Volvo last night...not good news. The $299 deal they are advertising is pretty much it. They were genuinely trying to do better for me and they basically came back and apologized that their bank (nor any others they checked) allowed them to do any better. Especially since that deal they are advertising is ALREADY including the $1k loyalty bonus. So, they could match the loyalty bonus for me, but basically bottomed out around there.
 
Probably could have horsetraded a bit with them and done less down, but they let me walk out the door when I asked for $285/month + tax and 1K down (they wouldn't even counter, and explained to me the above).
#281 of 299
Re: VOLVO S40 Lease rates [shop4cars1] by Car_man HOST
Mar 03, 2009 (2:45 am)
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Replying to: shop4cars1 (Feb 24, 2009 4:36 pm)

Hi shop4cars1. I do have the info that you're looking for. Volvo's lease program for the S40 varies by trim level, term, and mileage allowance. You never mentioned what any of these variables are, so for now I am going to have to make some assumptions. Let me know if you want something different.
 
Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 2.4i (not a stripped model) with 10,500 miles per year are .00106 and 48%, respectively. In addition to this special money factor, Volvo recently enhanced its lease cash on this car to $1,553. Make sure to take this cash into account when negotiating its selling price.
 
This lease program is scheduled to run through March 31st, though it would not surprise me in the least if Volvo made an unscheduled revision to it at some point over the next couple off days.
 
You are smart to want to go with a zero down lease. It is always in lessees' best interest to put as little money down as possible. Like most manufacturers' official advertised payments, I suspect that the S40 payment that you mentioned leaves a little meat on the bone so to speak. If I was in the market for an S40 right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the aforementioned cash incentive. You ccan look up the exact invoice price of the car that you want over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#282 of 299
Re: VOLVO S40 Lease rates [mikeut2k3] by Car_man HOST
Mar 03, 2009 (2:47 am)
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Replying to: mikeut2k3 (Feb 25, 2009 1:45 pm)

Hey Mike. Please see my previous post for the information that you're looking for. Good luck in your quest for an S40 andn let me know if you have any other questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#283 of 299
S40 Lease - good deal? by elisco
Apr 04, 2009 (1:58 pm)
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Hi:
 
Can you please tell me if this is a good deal?
 
I have an offer to trade in my old Ford Explorer that has engine issues for a new 2009 S40 - promo model. Nothing fancy-no navi, no rims, no extras.
 
The offer I've got on the table:
500 Down in addition to my trade in
15k miles per year
300 clean a month - inclusive of tax
 
What do you think? They have 3 models of the car that I want, so I'm assuming I have some time.
The problem I'm running into is that they too are saying the lending department will need a co-signer due to my credit history having only 1 paid off car long of under 10k.
 
I would like to process the loan independently... but that's the story they are sticking to, with their lending instutiions. They said they checked with US Bank, their own lending dept and Ford. Ford was the only approval for me.
 
Any information that might help would be greatly appreciated!
#284 of 299
Re: S40 Lease - good deal? [elisco] by Car_man HOST
Apr 15, 2009 (3:09 am)
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Replying to: elisco (Apr 04, 2009 1:58 pm)

Hi elisco. The trade-in issue clouds things a little big. Do you owe money on your Explorer? If so, is the dealer giving you more for it as a trade than you owe?
 
The best way to evaluate how good a deal a lease is is to take a look at the selling price that the deal is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are being given. You wouldn't finance a new vehicle without knowing its price. Leasing without knowing the selling price is sort of the same thing.
 
Find out what this car's MSRP and selling price are and I'm sure that either myself or another knowledgeable community member will be happy to tell you what we think.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#285 of 299
Re: S40 Lease - good deal? [Car_man] by pingbrady
Apr 28, 2009 (7:16 am)
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Replying to: Car_man (Apr 15, 2009 3:09 am)

Anyone have any data on Lease deals for a S40 R-line? Also, do you think I have any leverage if we are interested in getting two cars? My wife is interested in a used XC90 (such good deals) and I'd obviously like the S40R. Still haven't decided if AWD is worth the extra cash or not, but I definitely want the R.
#286 of 299
Current figures for a S40 by mel10021
May 21, 2009 (5:54 am)
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Does anyone have the current #'s for a S40 basic ? Looking for 10k miles (or whatever the minimum is ) for 36mos
 
I was at a dealer last night and he said only US Bank is doing the financing - that Volvo has poor #'s. US Bank was showing a 37% residual and a .002875 money factor...
 
These seem WAY off.
 
any adive ?
#287 of 299
Re: Current figures for a S40 [mel10021] by Car_man HOST
Jun 23, 2009 (2:06 am)
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Replying to: mel10021 (May 21, 2009 5:54 am)

Hi mel10021. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 S40 with 10,000 miles per year are 00266 and 49%, respectively.
 
There is a good chance that you will be able to get a better payment on this car by leasing it through a bank other than Volvo Finance. Volvo is currently providing a special $4,500 cash incentive on leases of this car through independent banks.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#288 of 299
Volvo S40 lease special by mannyljr
Jul 22, 2009 (1:31 pm)
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I just left San Diego Volvo and they were advertising a lease on a new 2009 S40, MSRP $29375, 60 month lease $269 plus tax, $2995 total down, 12,000 miles/year, $0.18 per extra miles. They also have a 5 year warranty with scheduled maintenance including wear items like tires.
 
This sounds like a great deal and I have a Cash-For-Clunkers car to handle the money down. What are the numbers they're using? Is a 60 month lease better than purchasing? My credit union's rate is currently at 5.49%

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