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Volvo S60 Prices Paid and Buying Experience

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Comments

  • Was surprised to read in an article about the overall economy that Volvo's sales are down over 50% currently. Since the sales numbers were never all that great to begin with, a 50% drop is amazingly bad. Future resale may be headed towards Saab/ Mitsubishi/Suzuki territory. With Toyota offering zero percent interest rates on Camry and most of its models, it is very difficult to justify buying a Volvo.
    Certainly it is a time to slowly and carefully consider your automotive options and decisions.
  • I test drove a 2005 Volvo S60 2.5T today at a local dealership. It has
    48,000 miles and seems to be in great condition with having only 1 owner. They are asking $16,209. This would be my first Volvo and I really enjoyed the test drives today. Does this seem like a good deal, opinions? Thanks!
  • bjssbjss Posts: 51
    I think you can do better. Have seen the following (2) listings (Dallas area):

    05 S60, 44K, Lease return, $14,995 asking price

    07 S60, 53K, Certified, $16,995 asking
  • It seems high to me... I bought a 2007 S60 2.5T with Premium/Leather with 30K miles in December. The dealer wanted $21K, I negotiated it down to $18K without too much effort. And the '07 and newer has more features, including the turn signals on the mirror and MP3 aux jack.
  • pats1pats1 Posts: 36
    Warning for anyone buying an S60 new....they lose their value more quickly than many of their competitors. Some sites have it as a best buy as a used car for that very reason. We bought a 2006 loaded S60 AWD in late 2006 (07's were out); sticker was $39.2K and we paid $31.5K - good deal, right? It was a great car and very reliable ( cannot knock the car), but..... A month ago the best we could get anywhere on a trade-in was $11K with 66K miles and the car was spotless. The dealer put it on the lot at $16K and had to drop the price to $13K to get a nibble. The salesman told me they got $12,750 for it. That guy got a great deal!!! Buy a used one and let someone else (like me) take the loss.
  • stkntrafficstkntraffic Posts: 172
    In all fairness any 3 yr old car with 66K miles isn't going to be worth much.
  • tmikebtmikeb Posts: 18
    I am considering an S60 for my next company car. There is no trade-in and I call it a cash purchase because our leasing company sends a check to pay the dealer.

    I am limited to spending 27.2K. What is the best deal you have heard for one equipped like this: (leasing stipulations say it has to be a new/non demo)

    2009 Volvo S60 2.5TTOTAL $36,462 BASE PRICE (MSRP)$32,800 Volvo Allowance*-$3,000 StylingN/C
    Exterior Ice White
    N/C Talos 7.5" x 17" Alloy Wheels
    N/C Interior Graphite Sport Leather
    N/C Optional Equipment$5,190
    Climate Package
    $675
    Heated Front Seats
    Headlight Washers
    Rain Sensor
    Advanced Package
    $1,595
    Speed Sensitive Steering
    Sunglass Holder
    Grocery Bag Holder
    HomeLink™ Remote Garage Door Opener
    Interior Air Quality Sensor (IAQS)
    High Performance Audio System
    Aluminum Inlays
    Park Assist, Rear
    Talos 7.5" x 17" Alloy Wheels
    Dual Xenon Gas Discharge Headlights with Active Bending Lights (ABL)
    $800 Volvo Navigation System with HDD, DVD Map Data and Remote Control
    $2,120 Accessories$647

    (Prices shown for Accessories do not include installation. Please check with your Volvo Dealer for installation costs).

    Sirius Satellite Radio
    $561 Mudflaps, Front and Rear
    $60 Sunglass Holder, Roof
    $26 Standard FeaturesComplimentary Factory Scheduled Maintenance for the First 3 Years or 36,000 Miles
    Horsepower 208 @ 5,000 RPM; Torque 236 @ 1,500-4,500 RPM
    Turbocharged 5-Cylinder, 2.5-Liter Engine
    5-Speed Geartronic Automatic Transmission
    Front Wheel Drive
    Driver and Front Passenger Supplemental Restraint System - Dual-Threshold Air Bags
    Inflatable Side Curtains (IC)
    Whiplash Protection Seating System (WHIPS)
    Side Impact Air Bags for Driver and Front Passenger
    Dynamic Stability and Traction Control (DSTC)
    16" Alloy Wheels
    Power Glass Sunroof
    Front Foglights
    Estimated 27 MPG Highway
    Tire Pressure Monitoring System (TPMS)
    Performance Audio System with Single In-Dash CD
    Electronic Climate Control
    Genuine Wood Inlays
    Power Driver's and Passenger Seat
    Split Folding Rear Seats 60/40
    Auto-Dim Rear View Mirror with Compass
    Warranty4 Years or 50,000 miles, whichever occurs first
    Complimentary Factory Scheduled MaintenanceComplimentary Factory Scheduled Maintenance for the First 3 Years or 36,000 Miles
    Includes factory recommended maintenance as listed in the Warranty and Maintenance Records Information booklet, for the first four maintenance services at intervals of 7,500, 15,000, 22,500 and 30,000 miles
    Roadside AssistanceVolvo On Call Roadside Assistance
    4 Years
    DESTINATION FEE$825 DisclaimerAs a model year progresses, changes may occur in some of the specifications, features, optional equipment and pricing. The manufacturer reserves the right to make such changes. Prices listed are Manufacturer's Suggested Retail Price (MSRP). Accessory prices do not include installation.

    Optional equipment may vary by region. See your Authorized Volvo Retailer for details of the most current package/option program. The $825 destination charge is an additional fee. Colors, interiors and actual images of the vehicle are not a true representation of the actual colors and/or product. It's best to view the actual product at your Authorized Volvo Retailer.

    * For a limited time, receive a Volvo Allowance on all new 2009 C30, C70, S40, S60, S80, V50, V70, XC70 and XC90 models.

    Volvo Allowance is available on all new 2009 C30, C70, S40, S60, S80, V50, V70, XC70 and XC90 models. Not available on Volvo XC60. Volvo Allowance and purchase price will vary per model. Take new retail delivery from retailer stock between April 1, 2009 and April 30, 2009. Offer available at participating retailers only. See participating retailer for qualifications and complete details.
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  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 790
    I was at a local used car super store (regional Carmax-like dealership) looking at a few Acura TLs and a Lexus IS 250. I was shocked to find a 2008 Volvo S60 2.5T in perfect condition with 19k miles for under $22k! The Edmunds TMV for Dealer Retail is showing as $27,616 and Trade-In is almost $23k...I'm trying to determine if I've lucked up on a great deal or is Edmunds TMV for the S60 way off?

    The car is as follows-

    2008 Volvo S60 2.5T
    White/Taupe Leather
    Premium Pkg- Sunroof, Pwr Passenger Seat, Geartronic, Wood Inlays
    Climate Pkg- Heated Seats, Headlamp Washers, Rain Sensor
    19,500 miles
    Perfect, As-New Condition
    $21,990
    Balance of 48mo/50k warranty (2.5yrs/30k miles remaining)

    I'm very tempted to snatch this one up for that price! The only thing I'd like to be different is the standard alloy wheels- it has the 16" EURUS and eventually I'd love to upgrade to 17" or 18" alloys.

    The remaining warranty is reassuring. Are there any potential issues with this model/powertrain that I should be cautious about?

    Thanks!
  • pilotguypilotguy Posts: 11
    I see a lot of messages regarding the purchase of a Volvo S60 so I thought I'd post my info. In Jan 2008, I purchased a demo 2007 S60 with Premium Package, Climate package, and satellite pre-wiring with 6,000 miles on it for $25,795. I thought that was a great price...remember that was also before car sales completely fell off of a cliff so I'm sure you can get a much better deal now. My advice, negotiate the heck out of the price, buyers are in the driver's seat now. Oh, and I love the car, I'm glad I went with the S60.

    -Mike
  • goddess_1goddess_1 Posts: 19
    Hi, Igozoomzoon -

    Catching onto your message late & am not sure if you already made a decision (most likely), BUT that seems a great deal to me and wouldn't hesitate. I bought a 2006 S60 in 2007 with 9.5K miles for $23.4K - which was great deal at the time, especially for SoCal prices. I have had absolutely no regrets - was considering a MB C280 at the time, glad for my S60!
  • My wife is looking to trade up from her Mini to an S60 or S40. We came across this one at the local Volvo dealership (in Omaha, NE).

    2008 Volvo S60 2.5T ASR
    Exterior: Silver Metallic
    Interior: Graphite leather
    Transmission: Auto
    Mileage: 7,605
    Premium package with moon roof & power passenger seat
    Climate package with rain sensors & (?) headlight washers (?)
    Asking price is $22,995.

    The Carfax is clean & clear - it appears the car was a rental car. I know some about Volvo, but not much (haven't bought a car in 3+ years, and wasn't really looking at Volvo at the time). What is the forum consensus? Good deal or should we try and negotiate a bit more off?
  • We are coming up on the 2010 model year, and many of us remember back in '07 when Volvo was offering tons of money cash back on leases from outside banks. The residuals on '07 R AWD's were in the low 17s on a 36 month lease.

    With that in mind, wouldn't it make sense that the market is going to end up being flooded with all of these off lease S60 2.5, 2.5 AWD, and R AWD vehicles in the next 12 months at what seems like fire sale prices?

    We have an S40 coming off lease in April, that had an original MSRP of 27,XXX and has a lease end residual of 13k - we will most certainly be buying it at lease end, but are also looking to maybe add an S60 AWD in the next year if the price was as low as it seems it could be. Thoughts?
  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 790
    You should always try to negotiate a lower price...unless you're dealing with a "no-haggle" dealership, the asking price is only a starting point! Most of the pricing guides value the car at close to $23k, but I'd start at $21,500 and wouldn't pay more than $22k for it!

    Usually, I'm not a big fan of former fleet cars (especially rentals), but this might be an exception to the rule. I know that Hertz used to offer products from Ford's luxury brands (Jaguar, Land Rover, Volvo, Lincoln) as their "Prestige Collection". Typically, they were rented by more upscale customers than typical rentals. So the cars should be in very good condition, especially with such low mileage!

    The original 4-year/50,000-mile warranty is still in effect, correct?
  • volvomaxvolvomax Posts: 5,274
    Nice low mile S60's are going for over book at the auctions right now. Even iffy cars are bringing close to book. I doubt you will see "fire sale" prices anytime soon.
  • dukeshahdukeshah Posts: 10
    If it is indeed a good buy, should I purchase an extended warranty?
    My initial reasearch suggests that I can get an extended warranty (4 yr, 50,000 miles) for about $3,300.

    Any thoughts or suggestions?

    A
  • volvomaxvolvomax Posts: 5,274
    Price is right about wholesale.
    Considering that the car is out of warranty, you may want to consider buying one.
  • Just wondering if anyone has seen any numbers lately either from personal experience or Manheim.

    I have a '07 S60 2.5T with 31k coming off lease in 2 months and wondering if this would be a good buy or not.
  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 790
    The average dealer retail for an '07 S60 2.5T in my area (Atlanta) is in the $17-18k range. Your low mileage will boost the value a bit, as will any options your car has.

    It seems that the Willow Green cars are priced around $1k lower than similar '07 models in other colors...at least that's what I've been seeing.
  • cwy1cwy1 Posts: 2
    I am looking into replacing my old 850 with a certified pre-owned 2007 S60 2.5T AWD with Convenient package, Premium package, and a nice looking wood steering wheel. The car has 32K miles on it. After some negotiating, the dealer is looking for $21,900. I am thinking $20K. Wonder what others think.
  • s60leasers60leaser Posts: 53
    Im looking at a 2008 S60 2.5T AWD Willow Green with 23K miles for 22K plus tax.Original tires and brakes, so that work adds $1800 in next 6 months, plus 30K service another$650.
    Whats a good price?
    And, has anyone heard of a dashboard glare issue with the light leather interior?
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