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2013 and earlier Volvo S60 Lease Questions

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  • Hi autoboy19. Volvo is not providing lease support on 2012 models any longer, so if you want to lease you're going to have to go with a '13.

    US Bank's September buy rate lease money factor and residual value for a 36-month lease of a 2013 S60 T5 Premier Plus with 15,000 miles per year are .00096 and 55%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 S60 T6 R-Design Premier Plus are .00086 and 53%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Carman-

    Can you give me the residual and money factor for a 36 month lease of a 2013 s60 base model?

    Also, I see that also have a deal for a 72 month lease with no security deposit. Do they only have that for a 10k lease?

    Thanks
  • Picked up the current lease offers from my dealership yesterday:

    2013 Volvo S60 T5 (MSRP $35,565) with $0 due at signing: $457 (15k); $438 (12k); $428 (10k)
    incl. Climate and Premier packages. With $3000 due prices drop to $371/$352/$342

    2013 Volvo S60 T5 AWD ($MSRP $37,545) with $0 due: $480 (15k); $460 (12k); $450 (10k)
    incl. Climate, Premier, Leather (?). With $3k down prices are $396/376/365

    Hope this is helpful to others. Any input from the experts on whether these are a good deal and where there may be room for negotiation?

    FYI: I've tried running my own lease payments using the formula from this site (http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html), the dealer's MSRP, and the MF/residual values above, and the prices I come up with are significantly higher than the offer above. Does that mean this is a good deal or am I doing it wrong?

    Finally, any input on how adding the Nav package to the offered Premier & Climate would effect the price?

    Thank you! This site has been a godsend as I look at my first lease.
  • Hi.

    I contacted my local dealer a few days ago and he gave me this:
    350 a month for a lease with no cap cost reduction.
    That is for a base model 2013.

    Red bank volvo
  • qbrozenqbrozen Posts: 17,666
    how many miles? how many months?

    fyi: no cap cost reduction is very different than $0 due at signing.

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

  • Here's the info that you're interested in, trace717. US Bank's October buy rate lease money factor and residual value or a 36-month lease of a 2013 S60 Base with 15,000 miles per year are .00083 and 57% for consumers who qualify for its top credit tier.

    A 72-month lease? I haven't seen that one. The longest lease that I've seen from US Bank on Volvos is 48-months.

    You can finance this car with a conventional loan at 2.9% for 72 months. Perhaps that's what you are referring to.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,

    Could you provide the November money factor and residuals for 36 months and 15K miles for the following S60s:

    T-6 R-design

    T-5 Premier Plus FWD

    T-5 Premier Plus AWD

    Thanks.
  • Certainly gtg478z. US Bank's November buy rate lease money factor and residual value for a 36-month lease of a 2013 S60 T6 R-design with 15,000 miles per year are .00092 and 52% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 S60 T5 Premier Plus FWD are .00058 and 54%.

    The numbers for an otherwise identical lease of a '13 S60 T5 Premier Plus AWD are .00090 and 54%.

    When negotiating your deal on any of these cars, make sure to take advantage of the $500 cash incentive that is currently available on leases of them.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car Man,

    Is this a good deal? (I'm in area cod 06106) - I'm quoting all these numbers from the "Quote Worksheet the dealer gave me today.

    2013 S60 T6 AWD WHITE WITH BEIGE INTERIOR
    Platinum Package
    Climate Package
    Spoiler
    Sport pedals

    MSRP: $46,470.00
    Sales Price: $44,220.00
    Rebate: $1,000.00
    Term: 36 mos @ 660.35 per month - 15K miles per year.
    Residual: 51.00% (23,699.70)
    Money Factor: 0.00109
    Capped fees: $199.00
    Total taxes: $1,577.85
    Adjusted capitalized cost: $43,419.00
    Upfront fees: $1,679.00

    TOTAL DUE AT START: $2,497.72 (See breakdown below.)
    $ 660.35 first month payment
    $ 499.99 conveyance fee
    $ 995.00 bank fee
    $ 185.00 registration fee
    $158.37 tax

    THANKS!
  • qbrozenqbrozen Posts: 17,666
    Whoa!
    $2500 down and $660/mo for an S60?!
    I realize this is a discussion just for the S60, but for alot less money, I'd be leasing 335xi instead.

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

  • Car_Man,

    This is the quote I got from Volvo of Las Vegas:

    2013 S60 FWD, Platinum, with BLIS, Climate Package, Heated Rear Seats, Spoiler
    36 months / 15K per year
    MSRP: $40,920
    Invoice: $38,666
    Selling Price: $38,000
    Net Cap Cost: $38,691 (includes acq fee)
    Drive Off: $1,095
    MF: 0.00001
    Residual: 52%
    Monthly Payment with 8.1% tax: $524

    They also plan to write me a check for $1,395 to payoff the remaining 4 lease payments I have on my Hyundai Sonata.

    What do you (or anyone else) think of this deal? The residual obviously isn't great, but the money factor is.
  • jtk27jtk27 Posts: 1
    CarMan,

    Can you tell me the current money factor and residual Volvo is using on the new $359 per month lease deal on the 2013 T5 S60?

    I want to calculate how much the monthly nut would rise if I added a few options.

    http://www.volvocars.com/us/all-cars/volvo-s60/tools/Pages/offers.aspx

    Thanks in advance.
  • Forgot to mention in my original post that it is a T5.
  • jtk27,

    Money factor is .00001

    Residual for 24 months and 10K miles (terms in the ad) is 66%

    Other residuals are as follows:

    Premier 66%
    Premier Plus 65%
    Platinum 63%
  • I just entered into a 39 month lease for a 2013 S60 T5 FWD with premier plus and climate packages. I got 15,000 miles/year. I put $267 down at signing total. I am paying $400/month including taxes. I played several dealers against each other. Was this a good deal? Please advise.
  • What are the MSRP, selling price, net cap cost, and money factor on the vehicle? Those are important to know to determine if it is a good deal.
  • Hi romil01. Why do you say that this isn't a good deal? You got the lowest possible money factor, a selling price that's under dealer invoice AND they cut you a check for nearly $1,400. I'd say that looks like a pretty darn good deal to me.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi jtk27. Volvo Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2013 S60 T5 FWD with 10,000 miles per year are .00001 and 58% for consumers who qualify for its top credit tier.

    I used a 3% adder to the 15,000 mile per year residual value to come up with a 10k resid, but since Volvo Finance is brand new I'm not positive that it's correct.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I didn't realize there was a Volvo Finance now. With the MF and residual you just quoted, the payment should be about $490 on the car I am looking at, rather than $524. I was using a 52% residual for 15K miles per year. The dealer quoted me 52% for the residual.

    The reason the deal seems a bit off is just that paying $523/month for a $41K car seems like a lot when I can lease a MB E350 for $615/month and that's a $63K car.
  • romil01:

    The MSRP is $37,395.
    The selling price is $32,777.51.
    The net cap cost is $33,736.59.
    The money factor is .00001.
    The residual is 52%.

    Again, 39 month lease with 15,000 miles per year.

    2013 S60 T5 FWD with premier plus and climate packages, and metallic paint.

    Good price?
  • romil01romil01 Posts: 75
    edited December 2012
    bpvolvo8,

    Yes that looks like a great deal to me. The initial quote I got on an S60 was about $3K off MSRP, so your $5K off MSRP is great. Of course my quote is from the single Volvo dealer in Las Vegas...I haven't played them off any of the numerous dealers in CA yet.

    What state did you get yours in?
  • vwgrrrlvwgrrrl Posts: 19
    edited January 2013
    woodentee, what state/area did you get these deals?
  • frizzo1856frizzo1856 Posts: 2
    edited January 2013
    Got a quote for sign and drive lease (including dest charge rolled in) as follows:

    Lease
    - 10k/39 month
    - no money down, taxes/dest charge rolled in, only need to pay dmv fees
    - 1st payment paid by Volvo up to $400
    - $406 per month

    Lease Details
    The MSRP: $36,095
    The selling price: $33,743
    The net cap cost: Same as selling price
    The money factor: .00001
    The residual: .56

    Any good?
  • Went to the dealer today and got a quote as follows:

    S60 T5 FWD - Platinum Package
    MSRP just north of $40k
    Selling Price $37651
    Due at Signing Total $3000
    39 months at 10k per year for $389/month plus tax = about $415 total

    Is that a good deal? It struck me as a good deal as it is fully loaded. Not sure what the invoice on this car is. Anyone know?
  • Forgot to mention residual after 39 months was 53% and money factor was 0.00001.
  • You can find the invoice by configuring the car here on this website and it will tell you the MSRP, invoice, and average price paid.

    Seems like a good deal other than having to put $3K down. That's a lot of money for a lease. You should really strive for $0 down, which will increase the monthly payment, but is safer. If you total the car tomorrow, that $3K you put down evaporates into thin air.
  • Wow I'm a bit shocked to see that money factor. So Volvo is essentially not charging any interest in their current lease programs? A 0.00001 MF equates to a 0.024% interest rate, right?

    Are the Volvo leases generally more favorable than say, VW or Acura?
  • chicago80chicago80 Posts: 3
    edited April 2013
    Hi Carman,

    Can you please tell me the lease numbers for a 2013 S60 T5 AWD in the Chicago area for 10,000/year; 24 months and 36 months? Top tier credit.

    Also, what incentives are currently available?

    Thanks!
  • 2011oddy2011oddy Posts: 13
    Man, you all should realize that BMW incentives give you cars like a 335i coupe with a 49K sticker price that includes some nice options runs about $385/mo on a 3 year 30K lease (no extra 3 months where the dealer gets 9 months of your DMV renewal!) with about 1400 drive off. Apples and oranges on your car but worth checking other makes and their incentives. You have to bargain for these deals (above ex is not offered up front, you contact the internet dept and ask for invoice or below; 1000 below in my case)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi chicago80. Volvo Finance's April buy rate lease money factor and residual value for a 24-month lease of a 2013 S60 T5 AWD with 10,000 miles per year are .00001 and 69% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00027 and 58%.

    There's $500 owner loyalty available on leases of this car, but no other cash that I'm aware of.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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