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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
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I'm off topic, again! |
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Replying to: mikeut2k3 (Feb 25, 2009 3:12 pm) 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). |
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Replying to: shop4cars1 (Feb 24, 2009 4:36 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mikeut2k3 (Feb 25, 2009 1:45 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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!
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Replying to: elisco (Apr 04, 2009 1:58 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Apr 15, 2009 3:09 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 ?
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Replying to: mel10021 (May 21, 2009 5:54 am) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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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 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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