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Volvo S80 Lease Questions

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

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

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#232 of 241 Re: Current Incentives S80 [mismaloya] by wokscott Oct 28, 2009 (4:36 pm)
Replying to: mismaloya (Oct 22, 2009 12:57 pm) For a 2010 Volvo S80 T6 base w/ 12,000 miles per year for 60 months I have been offered a payment of $519 w/ $0 drive off. This is the GM's car now and has about 1,000 miles on it. What do you think car man? Do you think there might be some more room there? I need to make a decision soon... Replies to this message: zamo (Oct 28, 2009 6:00 pm) mismaloya (Oct 28, 2009 6:23 pm) raythomas (Oct 30, 2009 11:24 am) zamo (Oct 30, 2009 12:21 pm) raythomas (Oct 31, 2009 10:52 am)
#233 of 241 Re: Current Incentives S80 [wokscott] by zamo Oct 28, 2009 (6:00 pm)
Replying to: wokscott (Oct 28, 2009 4:36 pm) The payment looks ok, but the term is just horrible.   60 months of payments = $31,140   You might as well just get a loan and purchase the car instead.
#235 of 241 Re: Current Incentives S80 [wokscott] by mismaloya Oct 28, 2009 (6:23 pm)
Replying to: wokscott (Oct 28, 2009 4:36 pm) Definate room. What's the selling price of the car? What's the final cost of the car after all the lease incentives are applied? What's the residual? Rate factor (Interest) Make them show you and....shop the exact car at another dealer to compare.
#236 of 241 Re: Current Incentives S80 [wokscott] by raythomas Oct 30, 2009 (11:24 am)
Replying to: wokscott (Oct 28, 2009 4:36 pm) You can do better I've been offered same car for less than 500/mth on a 39 mth lease. Replies to this message: zamo (Oct 30, 2009 12:21 pm) raythomas (Oct 31, 2009 10:52 am)
#237 of 241 Re: Current Incentives S80 [raythomas] by zamo Oct 30, 2009 (12:21 pm)
Replying to: raythomas (Oct 30, 2009 11:24 am) with $0 due at signing? Replies to this message: raythomas (Oct 31, 2009 10:52 am)
#238 of 241 Re: Current Incentives S80 [zamo] by raythomas Oct 31, 2009 (10:52 am)
Replying to: zamo (Oct 30, 2009 12:21 pm) Just bank fees and taxes up front.
#239 of 241 The amazing residual value (i.e. low) of Volvo by car_fool Nov 21, 2009 (2:54 pm)
I was attracted by some of the promotions posted by Edmunds for the Volvo S80: $3500 marketing support and $5000 alternative lease assistance cash. On top of that, if one works for an employer for which there is an A,Z or X plan, you also get almost the invoice price. The total saving is around $10,000 below MSRP.     Sounds like a no-brainer to me!   But be careful: something is too good to be true. Let’s take a hypothetical case posted in #223: Standard White/Black Leather MSRP $40,425 Assumed Cap Cost: 30,000, Money Factor: 0.00224.   In the beginning, it sounds pretty good, but once I got the monthly payment estimate, it is close to $500 (including everything, tax rate of 9% for leasing) with about $1500 down. You can almost rent a BMW 5 series for this much.     So what is wrong?   To get the $5000 lease assistance cash, you have to go through a third party bank like US bank. The residual value for a 36 months (12K) lease is 40%, compared to 60% for BMW or Toyota (See post #228) . For such a lease, you are also paying the high acquisition cost ($900 compared to $500 for Toyota or $725 for BMW), and you have to pay 9% tax instead of 6% (because of leasing in PA) for both the depreciated values ($30k - $40k*40% = $14k) and interests. You can also do the math for a 5 years lease around 24% residual value.   The question then is: can I pay cash and still get the $5000 rebate and I can save on the acquisition fee, tax rate (6% vs. 9%) and tax on the interests.     Unfortunately, No!   Someone may wonder that with such low residual value, you can just buy the car at the end of the lease, and you still pocket the $5000 rebate. Sounds right? But if you put the all the numbers together, the cost of buying it now (without the $5000 rebate) is very similar to that buying after leasing. It’s because you are paying more for the lease due to the following factors: inflated depreciation value, added cost due to fees, and higher tax rate (this is only true for states with higher tax rate for leasing).     What a learning experience! Thanks Volvo!
#240 of 241 Re: Current Incentives S80 [autoboy19] by car_fool Nov 21, 2009 (5:38 pm)
Replying to: autoboy19 (Oct 21, 2009 7:35 pm) After learning the promotion, I too felt that Volvo is offering a very good deal. But after my visit to my local dealership and getting the number, I don't think that deal is that good given the low residual value for a Volvo, especially if you want to buy it. I had posted a link on the topic of residual value in this forum.   I would like to hear your thoughts on this.
#241 of 241 Re: Current Incentives S80 [mismaloya] by Car_man HOST Nov 30, 2009 (3:07 am)
Replying to: mismaloya (Oct 21, 2009 4:16 pm) Hi mismaloya. Volov is currently providing $3,500 dealer cash and $1,000 loyalty cash on the 2010 S80. There is an additional $5,000 cash incentive for leases of this car through independent banks.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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