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Volvo S80 Lease Questions

241 messages,  Last post on Nov 30, 2009 at 3:07 AM

You are in the Volvo S80 Forum. Your Hosts are pat & karens

What is this discussion about? Volvo S80, Car Leasing, Sedan


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#169 of 241
S80 Base Model Lease by dadianio
Jun 23, 2008 (2:12 pm)
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Just got done talking to a salesman about leasing an S80 Base Model. Here's what he offered (no tough negotiating done at ths point - just the initial offer):
 
MSRP 39450
Price 34150
Term 24 months
Miles/year 15000
Residual 24065 (61%)
Initial Payment 2995 (includes tax, title, acq fee, doc fee, and first month's payment)
Monthly payment 419
 
Now, here's the interesting part. The difference between the purchase price and the residual value is 10085. Divide this by 24 and you get 420, which is essentially the same as the payment. So, based upon these numbers, the money factor/interest rate is zero. The saleman is a little fuzzy on getting me info on how the monthly payment is calculated. I know the purchase price of the car is somewhat high, and perhaps the residual is low, but you can't have your cake and eat it to. I guess the bottom line on a lease is the payment, not how they arrived at it. Any thoughts?
#170 of 241
Are these good lease terms on an S80? by lesseeofs80
Jun 24, 2008 (5:39 pm)
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Thanks in advance for your help and insight.
  
2008 S80
Metallic Paint; no other options
MSRP $40,020
Res. Value 44%
Lease Term 39 months/12K per year mileage
Penalty $0.20
Lease End Value $17,608
Intial Cap Cost $29,153
Cash Cap Reduction $380
Adj. Cap Cost $28,773
Lease Factor .00207
Base Monthly Pmt $382.27
Tax $26.76
Total Monthly Pmt $409.03
  
Out of Pocket
Sales Tax $1,070
Lic & Reg $150
VCF (?? - not sure what this is?) $695
Fees $73.16
Total Due at Start $1,733
1st Pmt Date July 25
#172 of 241
good deal or not? lease on s80 3.2 by powderroom
Jul 01, 2008 (5:10 pm)
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lease on s80 3.2
troy, michigan
 
purchase price: $44,000
lease length: 24 months
color: titanium gray metallic
down payment: $3600
total monthly payment: $398.88
miles per year: 12,000 miles
 
good deal? or no no?
#173 of 241
Helpful Car_man and respected Forum Readers by aceusmle
Jul 04, 2008 (1:05 am)
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2008 S80 3.2 basic model lease contract
California Bay Area Dealer
 
MSRP: $39,450
Base Cap Cost: $34,750
Term: 24 months
Annual Mileage: 15,000
Residual: 61%
Cash Cap Reduction: $2,554.41
Total Cash Down (includes all fees + first payment + all taxes): $3,529.72
23 Monthly payments of: $427.55 + tax
 
Are the numbers reasonable for a layman like me?
#174 of 241
Re: Helpful Car_man and respected Forum Readers [aceusmle] by godawgs
Jul 04, 2008 (5:48 am)
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Replying to: aceusmle (Jul 04, 2008 1:05 am)

I'm in the Atlanta area, and have been shopping the same car, base 3.2, and have 2 dealers that are offering 0 down, 0 security deposit, $379 a month... Both dealers have several models in the 39k msrp, give or take a couple of hundred.... Both of these are sign and drive... The original deal was posted in the Atlanta newspaper by one of the dealers on only one Vin number, but I've spoken with both and they say it'd be honored on others as well... I've not signed the deal yet, as I am trying to sweeten the numbers a bit being that my wife has an xc90 leased presently and hoping to get a better deal with some loyalty money..... Needless to say, I think you can sweeten your deal a bit... Though I'm not sure how much more it should be being in S.Fran... But I don't think it should be that much more.....
#175 of 241
Re: Helpful Car_man and respected Forum Readers [godawgs] by aceusmle
Jul 04, 2008 (10:41 am)
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Replying to: godawgs (Jul 04, 2008 5:48 am)

Thanks for your input godawgs
 
There is a similar deal here in the bayarea with the $379 monthly payment, but it's with a $2,973 down payment + tax and fees, 24 months term & 21,000 miles.
 
My deal gives me 30,000 miles (9,000 miles more), & my down payment of about $3,530 includes a hefty 8.25% tax, & about $300 of registration fees!
 
By the way advertised deals & what you walk out with are not always identical ... if one variable changes (like mileage) the residual & money factor change. But this Atlanta deal does sound very attractive!
#176 of 241
s80 lease deals July by s60leaser
Jul 08, 2008 (6:42 am)
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Dealer proposed the following for an S80, saying it was "a better (ie:cheaper) deal than the s40 I was shopping for and a lot more car..."
 
S80 3.2 heated seats(he added them based on a convoluted rebate)
3 yr/45Kmiles
RV=43% or $17,651
mf=.0019
MSRP=41,050 (?)
invoice=36,383 less:
3250 lease discount
3250 lease bonus
750 heated seats rebate
1000 s60 to s80 lease loyalty
500 COSTCO discount (this may have expired-I am checking)
 
but dealer came up with $29,280 sell price
and $412. mo pymt plus 6%tax= 436
 
What do you think?(?new math?) I feel like I am getting the run around...
#177 of 241
Volvo July deal and leasing questions??? by s60leaser
Jul 11, 2008 (6:35 am)
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The dealer has now come up with a new S80 3.2 lease deal: 3/36 . rebates$4,000 plus $4250, plus free factory scheduled maintenance or additional discount. I have not heard back from him re: what that means in terms of a mo pymt.
 
Based on your knowledge of Volvo deals out there for July, three questions:
 
1) What should I expect in terms of RV,MF.
 
2) If i lease then want to buy out the lease before it ends, how is the purchase price calculated?Dealer suggested I could take advantage of the leasing rebates then buy the car after 2-3 months to get the lower price (implying the buyout is based on sell price not MSRP)
 
3) Why is MSRP used to calculate depreciation-and not the sell price, which we all struggle to negotiate!
#178 of 241
Where are the 2009s? by crestonave
Jul 11, 2008 (6:43 am)
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With Volvo advertising "model year end clearance", where are the 2009s? I expect they will be as aggressive in trying to move those in a lousy economy.

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