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Volvo S80 Lease Questions

241 messages, Last post on Nov 30, 2009 at 3:07 AM
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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? |
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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 |
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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? |
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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?
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Replying to: aceusmle (Jul 04, 2008 1:05 am)
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Replying to: godawgs (Jul 04, 2008 5:48 am) 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! |
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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... |
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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!
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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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