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Sedans Volvo S80 Volvo S80 Lease Questions
241 messages, Last post on Nov 30, 2009 at 3:07 AM
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Carman or others- Just negotiated the following lease for a 2009 S80. I was hoping at the end of the day to be at $500 including tax, but I'm pretty happy with this. Any thoughts on whether I should take the deal? 3.2, Convenience Package, Climate Package, BLIS, Sirius - MSRP $44,335.00 Sale Price - $31,601.00 First month payment down only 39 months 12,000/year 496.00/month plus tax = $530.00/month total |
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Replying to: johninDC (Feb 08, 2009 7:59 pm) Base your offer to them on what your used S80 is worth in the open market right now. You can find out approximately what your car is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Feb 17, 2009 4:03 am) The vehicle is a black/black 2009 S80 T6 with metallic paint, the climate package and diamond cut wheels. It is a 36 month/12K mile lease. I would be paying no cap reduction, only tax, title, licensing and first payment at signing. The monthly payment is $459. Is there any reason not to close this deal? |
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Hello Car_Man: I realize that this is not a well frequented thread, so I hope that you will see my message. I am working on a lease for a 2009 S80 3.2 6 cyl (non-turbo), either the base model, or with only the convenience package added. I understand that the dealers are receiving $6,500 cash on this model. Can you give me Volvo Finance's money factor and residual on a three or four year deal, 10,000 or 12,000 miles per year? Can you also let me know what Volvo's bank fee is and if there is typically a fee at the end of the lease? I am seeing deals advertised that are all over the place, so I am willing to be flexible on the exact deal terms to get the best money factor/residual balance. I really appreciate your help.
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Replying to: azbmwx5 (Apr 13, 2009 1:42 pm) I know that Volvo Finance charges a $595 acquisition fee on every vehicle that it leases, but I'm not sure if it has a disposition aka termination fee. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Does anyone know the current money factor and residual for a 15k a year, 36 month lease?
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Replying to: godfather9 (May 12, 2009 10:50 pm) $29650 selling price 2601 sales tax + other fees = 32,576 more importantly- 41% residual and .00208 mf. Can anyone verify what the lowest mf they can do is? |
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Replying to: godfather9 (May 12, 2009 10:50 pm) If you're not leasing a base model, or possibly even if you are, you may be better off leasing the S80 that you are interested in through an independent bank. Volvo is currently providing a $3,500 cash incentive on leases of this car through banks other than Volvo Finance. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: johninDC (Feb 08, 2009 7:59 pm) Due to the exorbidant residuals structured in those lease deals, I think most dealer finance companies will offer you exceptional deals if you want to buy your car back. For example, a friend of mine has an '07 Saab ragtop coming off a 27 month lease. Buyback was $33K. He went to the dealer and asked what he could do for him. Dealer told him (and I paraphrase), "Don't worry, I'll buy it back from GMAC and sell it to you for $23K." This was with no negotiation. So my gut tells me he will be able to get it for closer to $21K. Good luck!
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Replying to: Car_man (Apr 15, 2009 3:15 am) |
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