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Volvo C70 Lease Questions

kyfdxkyfdx Posts: 27,643
Ask your C70 lease questions here!

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Comments

  • jabberjabber Posts: 56
    Carman,

    Can you please post the money factor and residual value for a 2011 C70 - 36 months and 15K miles. Also, what if any is the acquisition fee, disposition fee, and over mileage charge if you know. As always, thanks!

    Jabber
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Jabber. Wow, I'm surprised that we never had a lease discussion for the C70. US Bank's current buy rate lease money factor and residual value for a 36 month lease of a 2011 C70 with 15,000 miles per year are .00048 and 54%, respectively for consumers who qualify for its top credit tier.

    US Bank's current acquisition fee is $695. I believe that it charges a penalty of $0.20/mile for miles in excess of one's allowance. I'm not sure about its disposition fee.

    Car_man
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  • Does someone have the current money factor and residual for the C70 Premier Plus for 36 and 48 months and 15k per year?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited December 2011
    Hi v70r_07. According to the latest information that I have seen, US Bank's buy rate lease money factor and residual value for a 36-month lease of a 2012 C70 Premier Plus with 15,000 miles per year are .00045 and 52%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00104 and 44%.

    Car_man
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  • Hey Car_man,

    Looking to see what the lease #'s are for a 2012 C70 Platinum for 36 & 48 months with 12k miles, and 10k miles as well if you know them.

    Thanks,
    Russell
  • Hi Russell. According to the latest information that I have seen, US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 C70 Platinum with 12,000 miles per year are .00001 and 50%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease would be .00065 and 42%.

    If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.

    Car_man
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  • Thanks Car_man! Is that MF correct? 0.00001?? That seems REALLY low...thought maybe that might have been a typo. :-)
  • You're very welcome club619. I believe that money factor is indeed correct. That's right, there's essentially 0% financing on leases of the C70 right now. Not too shabby.

    Car_man
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  • msavmsav Posts: 3
    Car_man:

    We're looking to replace my wife's C70 too and I was wondering - the MF you posted on the 13th is *very* attractive, better than what I've seen around here. Is that through dealers, US Bank, or someone else? Still valid? \

    (Alternatives are A5 and 328 convertibles if you'd have any suggestions about those... Or should I post in those forums? Thanks!)
  • Hi msav. That lease program is through US Bank. That's who Volvo uses as its captive finance company...for now (I've heard that it is looking into creating its own bank again along the lines of the old Volvo Finance).

    I believe that this lease program is available through the end of the month. It's difficult to say what Volvo's March program will be like at this point.

    Car_man
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  • msavmsav Posts: 3
    Thanks Car_man.

    Rate I was quoted was 0.00103 and 0.00165 for 36/48 - a far cry from what you posted! Perhaps because we weren't far into negotiations when I walked out but nonetheless not a good 1st impression.

    When do the new (March) programs come out usually?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome msav. I know what you're saying. It always rubs me the wrong way when a dealer tries to mark up the money factor as well.

    Volvo's March buy rate lease money factor and residual value for a 36-month lease of a 2012 C70 Platinum with 12,000 miles per year are still .00001 and 50%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • artchickartchick Posts: 7
    Anyone have prices paid for this car? I want to lease one this weekend and have no idea how to do it! Thanks! Appreciate all of your help!
  • artchickartchick Posts: 7
    1st quote: 12k per year
    $508 per month with just inceptions due signing wich is tax, motor vehicle, bank fee, doc fee, and first month payment.(estimated $3,184.) This is on a car with an MSRP of $45,425.
  • kyfdxkyfdx Posts: 27,643
    What is the length of the lease?

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  • artchickartchick Posts: 7
    36 months. thanks
  • kyfdxkyfdx Posts: 27,643
    I don't have the residuals and money factors (Car_man is the expert), but that's a pretty decent first offer to work down from...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • artchickartchick Posts: 7
    I am so new to leasing and dont understand all of this.
    Car man wrote in here that the factor is .0001.

    1-Does that mean that payment should be $454?
    2-And are the costs really high? ($3,184)
    and
    3-hes going off MSRP $45,425. Doesnt hat mean invoice is like 41,500ish?
    How do i negotiate this?

    APPRECIATE YOUR HELP!
  • artchickartchick Posts: 7
    woops. .00001
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi artchick. What selling price are you being charged for this car. That is a very important number to find out. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The selling price will show us how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know and we'll tell you what we think.

    Car_man
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