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2013 and earlier Volvo S60 Lease Questions

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  • qbrozenqbrozen Posts: 17,405
    edited April 2012
    First off, let me say I've been there MANY times myself and you will always find a way to rationalize the next car. So I'm just trying to help someone avoid my same mistakes.

    The difference is you will be paying more for the lease than you would if you had zero negative equity, of course. And, if you continue paying your current loan, your car need will be fulfilled longer for similar money.

    Let's break it down this way.

    Keep current car for another year:
    $300/mo for 12 months = $3600
    lease after that at $350/mo for 36 mos = $12,600
    total cost = $16,200 for 48 mos of use

    Trade now on a lease:
    $470/mo for 36 mos (every $1000 you roll into a 36 mo lease is approximately $30 on the lease payment) = $16920 for 36 mos of use
    $350/mo for 12 mos on the next lease = $4200
    total cost = $21,120 for 48 mos of use

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • huny409huny409 MAPosts: 14
    Thank you SO much for that breakdown! It was exactly what I needed for it to make sense!
  • qbrozenqbrozen Posts: 17,405
    glad to help.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure ortega. US Bank's April buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 FWD with 15,000 miles per year are .00017 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00086 and 45%.

    I believe that 15,000 miles per year is the highest mileage allowance that US Bank publishes residual values for. If you need to drive more than that, you may have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd say that anything near invoice is an excellent deal. I personally would shoot for around $500 or so over.

    Keep in mind that there's a $1,000 conquest cash incentive for current owners of select competitive models on top of that if you're eligible for it.

    Car_man
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  • dps06dps06 Posts: 8
    Carman,

    Could you provide the lease rates for 36 and 48 months with 15k per year for both the S-60 T-5 and S60 T-6?

    Thanks
  • ursusursus Posts: 48
    Car_man, can you please post May numbers for 36 month with 10K miles? I can have a deal at $1K under invoice (invoice I was quoted includes $500 ad fees) + $1K conquest cash.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Certainly dps06. US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 with 15,000 miles per year are .00003 and 53%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00086 and 44%.

    the numbers for the 2012 S60 T6 are .00003 / 50% and .00081 / 41%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go ursus. US Bank's May buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T6 with 10,000 miles per year are .00003 and 52%, respectively for consumers who qualify for its top credit tier.

    A selling price of $500 under invoice minus the conquest cash is avery good deal.

    Car_man
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  • ursusursus Posts: 48
    edited May 2012
    Thanks Car_man. I'm also considering a Passat 3.6 (you provided numbers for it in the Passat forum), but most likely will go with S60 - love the design and seats.

    p.s. You actually gave me residual for a T6, not T5. But I saw the correct number in your other reply.
  • roubaudroubaud Posts: 39
    Did I miss May rates on a 2012 T5 with 10,000 miles? Does Car_man know the June rates yet? Thanks. Looking to pull the trigger.
  • ursusursus Posts: 48
    In May it was .00003 and 56%.

    If you qualify for conquest cash, you should pull the trigger by the end of May - you'll get $1K conquest AND first two months cash up to $900. I was told that there won't be conquest cash in June.
  • roubaudroubaud Posts: 39
    Yeah, well, I'm sure I'd be told that too, but won't they say anything to get you to buy now? Maybe conquest cash would come back for July 4th holiday? Man that money factor is low.
  • ursusursus Posts: 48
    Maybe, but I was getting my car from them anyway. They expected it to arrive at the port by the end of the month, but it did not make it. So I just picked one from the stock and they will install Sport appearance package that I wanted. The only difference is that I'm financing it rather than leasing.
  • roubaudroubaud Posts: 39
    Good deal, yes!
  • Hi Car_Man,
    What is the June money factor and the residual for 2012 S60 with Climate and Premium Packages and BLIS with 12k 36 moths?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gerrysalme. According to the latest information that I have seen, US Bank's June buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 3.2 with 12,000 miles per year are .00001 and 48%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • dgoldsdgolds Posts: 2
    Car_man
    Do you have the 36 month 10k mile residuals/factors for the Platinum version?
    thanks so much.
  • surfpcpsurfpcp Posts: 1
    2012 s60 t5 premier package with multimedia package and personal communicator. leasing based on cap of 35,945 (msrp 37875) is his offer. still offering 1900 off for conquest and 2 months lease costs so adjusted cap cost is 35, 389. MF: .0003 and RV (12K, 36mos) 55%. Is this cap cost good or should i negotiate down and to how much? he's showing me his invoice statement for this invoice price.
  • therastheras Posts: 44
    Hello All,

    I'm interested in the residual value and money factor on a 2012 S60 T-5 for 36 months, 10K miles. I know about the 4 free payments. Are there any other incentives I should be looking for? I see talk of dealer cash and conquest cash on several sites, but am unsure which are, if any, are still active.
    I was initially looking at an Acura ILX but the Volvo drove so much better. I'm trying to finalize this deal by week's end.

    Thanks in advance.
  • val26val26 Posts: 3
    In response to a $2,000 Saab owner discount voucher, I'm leasing a 2013 S60 T5 AWD, Platinum with BLIS and wood inlay. I didn't want BLIS, but the dealer told me they didn't have a car without it. Edmunds says the MSRP is $42,645. The offer I got was to sell the car to me for $41,230, then the dealer is applying $1,000 in a rebate and $2,520 in trade in. I was told the money factor rate is 1.51 and residual value is 61%. My credit is about as high as it gets. On a 15k mi/year lease, the monthly payment comes out to $480. The first month's pmt, + all upfront costs are being rolled into the lease ($1,016.64 in tax - 6.25% sls tx in MA, $125 Gov't, $289 doc, and $795 acq fees), so that I'm not coming out of pocket when I get the car (I'm walking away with a check, because of my 2007 Saab 95 trade in). While the Gross Cap Cost is $1,415 below MSRP, I'm still not sure the dealer's doing me any big favors. What do you think?
  • therastheras Posts: 44
    Hi Group,

    I pulled the trigger on the S60 and wound up getting a great deal (I think!). The dealer was very forthcoming, showing me the money factor (.00022) and residual (56%) for 36 months, 10K miles. It seems like their are stellar deals to be had on the 2012s. On a MSRP of slightly over $35,000, the payments are $380 with 0 at signing. Volvo is also covering the first four payments.

    So far the car is amazing and I'm quite happy.

    Hope this information helps someone.
  • Carman,

    Do you have the money factor and residual for the 2012 and 2013 S60 T-5 and T-6 R-design for 36 months and 15k miles per year?

    Thanks
  • Same question as autoboy19. Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I certainly do autoboy19. US Bank's August buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 with 15,000 miles per year are .00022 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 S60 T6 R-Design are .00022 and 49%.

    The numbers for the 2013 model are .00178 / 62% and .00178 / 57%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey godfather9. Please look up for the same answer ;) .

    Car_man
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  • bagel5bagel5 Posts: 3
    Looking at a 3 year/10,000 mile per year lease on a 2012 S60 - MSRP is just over 36k, looking at 2000 down and 369 per month, with 4 free payments. This includes all TTL (approximately 7% sales tax). Any feedback would be very helpful.
  • roubaudroubaud Posts: 39
    I had the same exact numbers except I got $350 a month, which I think was still a fuzz high. But I did have conquest cash thrown in / spread out over the payments. But this also depends on what's on the car--I had premium, climate, and communicator packages. It's a great car.
  • bagel5bagel5 Posts: 3
    I finally picked up the car last week. 2012 S 60, 2000 down and 349 per month with premium, climate and blis. .00022 money factor and 57% residual on 10,000 mile lease. Love the car.
  • autoboy19autoboy19 Posts: 90
    edited September 2012
    Carman,

    Could you provide an update on the September rates for the following S60 models:

    Looking for 36 months and 15k per year.

    2012 S60 T-5
    2013 S60 T-5 Premier Plus

    2012 S60 T-6 R-design
    2013 S60 T-6 R-design Premier Plus

    Thanks again.
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