Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier Volvo S60 Lease Questions

1121315171826

Comments

  • fuzzynipsfuzzynips Posts: 37
    I agree with your point about not making it seem like you're really excited about the car. He knows I want the color, transmission, and options but at the same time, I'm not sprinting in there until he fixes his quote. I told this last dealer I want below invoice as it's a car that's not in particularly high demand, still has some inventory left, and is a 2006 model. He tried to get me to come into the dealership but I told him unless he gives me some kind of quote to think over, there's no reason I need to be in the dealership to receive numbers. Post some pictures of your car once you get it!
  • Unfortunately there will be no car.

    I went to the dealer tonight (after giving a phone deposit on saturday) to sign the buyers order and was informed that the sales guy at my dealer did not put a hold in for the car at the other dealer until today, at which point it had been sold.

    I'm SO angry right now...and have just about had it...that was the last car in my area, so unless something lands on my doorstep thats too good to pass up, I'm done for now.

    Let me know if you end up getting your R! Good Luck!
  • qbrozenqbrozen Posts: 17,478
    ugh!

    sorry to hear it!

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • fuzzynipsfuzzynips Posts: 37
    Oh geeze, you seem to be having terrible luck with purchasing the S60R...maybe it just wasn't meant to be? I'm thinking the same thing for myself as I just got lease payments from a new dealer that are still high at $600 per month. I think I'm going to stick with the G35X as the payments are much lower.
  • felbie1felbie1 Posts: 14
    I e-mailed a few dealers in my area and was wondering what the breakdown for the current lease incentives were for leasing through an outside bank. im hoping to get invoice minus 11,000 on an S60R. Just want to get to the dealer with the correct information.
  • If you read up the last 5-10 posts, you will see most of us have been breaking down the deals we were getting. Volvo is currently offering 11,000 incentives for leasing through an independent bank. The best way to get the best deal is to negotiate your deal as if there were no incentives, and then have them apply the incentive. As far as lease rates go though, you could be getting any number since its at the dealers discretion what bank they use. Sometimes it'll be USBank or Wells Fargo, othertimes it will be a big popular local bank.

    If a dealer is quoting you anything other then invoice price and then taking off the incentives, you can do better because it means that we will be making more profit. Also remember you're at the end of the model year- he is not gonna wanna be stuck with an '07 car (even if it is discontinued for next year)

    Hope this helps.
  • felbie1felbie1 Posts: 14
    Thank you, so the deal that you had posted earlier was based on a 41,200 price before the incentives? is this invoice for the car? IM hoping its possible to get the sale price in the 30's although all of the other factors can bring the payment up, ideally id like to be at/under 400/month.

    Any idea what kind of incentives are on the T5 model?
  • The deal I had posted never went through, but yes the few deals I had were based on either Invoice pricing or below- all that information can be found by pricing out the car you are looking at on the edmunds front page.

    Depending on what your car lists for, what its invoice is, and what your negotiated lease price is before money down, you should be able to get it below 400/month with money down.

    Good Luck.
  • tonyt1tonyt1 Posts: 4
    What are the current lease incentives on the 2.5T and T5? I keep hearing about the $8000 incentive when leasing through an independent bank. Are there other lease incentives (e.g., dealer cash) that this can be combined with? I'm guessing there are because I see these cars advertised for lease with a cap cost more than $8000 under invoice. I would just like to know exactly what they are so I'm armed with all the info when I go to a dealership. THANKS IN ADVANCE!
  • I didn't want to jinx anything and post the details of the deal, until I was sure the car was mine...but today I picked up my 2007 S60 R AWD!!!

    I'll post pictures of it later on once I get my camera, but wow...an amazing car...here are the details of the deal:

    2007 Volvo S60 R AWD
    Black Sapphire
    Nordkap Blue Leather Interior
    6spd Manual
    Premium Package
    Climate Package
    18" Wheels
    Interior Air Quality System
    Volvo Bluetooth
    List: $45,700
    Sale Price: $40,300
    Lease Sale Price (including $11,000 incentive): $29,300
    $437/month including Tax
    36 Months
    12k miles/year
    $0 down (Inceptions due at signing only)

    Car is absolutely fantastic!!
  • qbrozenqbrozen Posts: 17,478
    hey, congrats!

    wow! $16k off is insane!

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • kyfdxkyfdx Posts: 29,389
    I agree.. it's crazy..

    I wonder if there is some sort of chargeback, if you try to buy the lease out in the first few months? If not, it seems that leasing, then buying, would be cheaper than purchasing outright...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • The residual on it is absolutely stupidly low...something like $17k. My feeling is if the car is trouble free, I'll buy it out at the end of the lease. It's just so much car for the money.

    Also...an interesting lil tidbit from when I was signing the papers...in the lease agreement with the independent bank, they had a stipulation in there that says as long as you pay your monthly payment on time, they will cover any excess wear and tear on the car up to a cost of $2000.

    Anyway, as long as it stays trouble free I'll be happy. The deal was really painless too.
  • qbrozenqbrozen Posts: 17,478
    oh, absolutely. And that's exactly what I've been telling people on these S60s for quite some time now. There is just too much trunk money on a lease to NOT take advantage.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • ssmikessmike Posts: 4
    How'd you get the dealer to go about 2K below invoice (in addition to the lease incentives)? It seems to me that their selling price cut out most, if not all of the profit from the holdback?

    Thanks. I am negotiating with a dealer on a similar car and they want a bit OVER invoice on an R with a few more options.
  • They had been sitting on the car for a while now, and didn't want to dealer trade it out. So they were very agressive with their pricing.

    Either way, I'm lovin the car!
  • ssmikessmike Posts: 4
    Do you mind telling me what area you are in? Also, how far below invoice was the car sold for? Working backwards with your numbers, It looks like they sold you the car at about 1500 or more below invoice...

    Or, if you dont want to post this info, please email me at vdriver@yahoo.com

    Thanks. Mike
  • I am in the Philadelphia region.

    I believe I posted all my numbers further up as far as sale price and everything....but 1500 sounds right.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tonyt1. Through September 4th, Volvo is providing a $3,500 cash incentive on leases of the '07 S60 through Volvo Finance. If you opt to lease this car through an independent bank, Volvo is providing a total of $9,000 in cash incentives on the '07 S60 2.5T and a total of $10,250 on the '07 S60 2.5T 2WD. These offers are not compatible with the $4,500 dealer cash that Volvo is providing on cash purchases of this car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting your new S60, 28firefighter. Thanks for taking the time to share the details of your lease with everyone. Don't forget to stop by the new Edmunds.com Dealer Ratings & Reviews section of this site to share your thoughts on the dealer that you got your car from with everyone.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • atran38atran38 Posts: 9
    Hi Car_Man

    Thanks for the updates on the lease options!!! I'm interested in getting the R; is there any cash incentives going through an independent bank? and if so, how much?

    I seen people on here getting about 13-15k off from invoice. According to you, last month was 11k off an R. I hope its still around or maybe even a better incentive.

    Thanks again for all your help!!!

    Anthony
  • I was quoted with the following today at a dealership in Austin, TX for a S60 2.5T titanium Gray with Sport Package and Premium package. I love the car, this is my face at this point.... :)

    First off, the dealer would not budge on offering the $10k in leasing incentives after negotiating the actual sales price. He said he didn't understand what I was saying and that the $10k would only come off the MSRP. He said that the MSRP was non-negotiable with the leasing incentive.....This was my face at this point.... :confuse:

    Here's what he quoted me:
    MSRP: 36,645
    Sales Price: 26,645 (after leasing incentive)
    Residual: 38%
    Rate: .00320

    For a 36 month with 12k miles a year, he quoted me $516 a month. In a word....Ridiculous. If you are keeping track.... :) :confuse: :surprise: and now...... :mad:

    When I called him out on the monstrosity of this quote (I can lease an Audi A6 for that amount, which is what I am in now), he just shrugged and said that the "BEST" he could do was throw me in an S60 with just the Premium package for $400 a month but at a 48 month, 12k miles a year lease. Um, WTF? :sick:

    Needless to say, I did not accept and walked out. Side note, he would not provide me with all the information posted above at first. I had to pretty much grind it out of him. I'm appalled at the ineptness of the person. I cannot find a face that truly depicts my thoughts.....

    The whole experience was dirt. Thanks for all your posts anyhow. I'm going to research some more and find a different car. :P
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, Anthony. Volvo is currently providing a whopping total cash incentive of $11,250 on leases of the 2007 S60 R through independent banks.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 0017tristan. Having only the lease cash subtracted from the selling price of the S60 that you are interested in without an additional dealer discount is a bad deal. You can share your thoughts on this dealer with an even wider audience by using the new Edmunds.com Dealer Ratings & Reviews if you'd like.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man...since I'm not as familiar with the current values of the Volvo's (I'm a G35 guy myself...this is for my girl)...is it realistic to be pushing for Invoice or BELOW on the sale price and then adding the $3500 incentive to go lower? She isn't looking for a vehicle with a ton of features, just premium really so she is flexible. I'm just trying to see if a low $300's payment (including CA tax) is doable on the S60...or maybe less on the S40 for that matter. Let me know your thoughts. Thanks.
  • Hi, I don't have all the specific info, but I was shopping for a 2007 S60 and got the following offer. From reading some other posts, I would think I could do better. Am I right?

    2007 Volvo S60 2.5T FWD
    Climate
    Premium
    Convenience
    Metallic Paint
    Wood Wheel
    3yr, 12000 miles/year
    No money down, 379+tax (which comes to $402 for me)

    Thanks for any help.
  • qbrozenqbrozen Posts: 17,478
    Yes, that is reasonable. Personally, however, I'd be shooting for $100-$200 over invoice, then take off the incentives.

    I strongly suggest, however, you lease through an independent bank. Volvo is not offering a strong enough money factor (nor could they) to make up for the extra $5500 you'd get off the car by leasing through an independent bank.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • qbrozenqbrozen Posts: 17,478
    man, these residuals are just making me want to wait a couple of years and get on off-lease volvo CHEAP!!

    I just checked out the car I would like to have. A 6-speed T5 with premium and climate packs. $36k MSRP and a whopping $13,800 residual after 3 years! So for about $15k, I should be able to pick up a 40k-45k mile T5. SWEET! :)

    I shouldn't be terribly surprised, I guess. I mean, I did pick up my 3-year-old 30k-mile S70 T5 for $20k, certified, with an original sticker of nearly $40k. I guess I just assume values would have gone up over the past 6 years.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • Thanks. I spoke to the dealer. He says there are not $10250 in incentives on the 07 s60 FWD. How do I verify the incentives mentioned here so I can get the car at the right price?
  • qbrozenqbrozen Posts: 17,478
    There aren't. Carman said $9k.

    I think the confusion may be in a typo. He said $9k for the 2.5T and "$10,250 for the 2.5T 2wd." But I believe he meant "AWD." I infer this based on the fact that he mentions the $9k for the standard 2.5t just before that AND because 2wd is technically incorrect (its either FWD or AWD).

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

Sign In or Register to comment.