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2013 and earlier Volvo S60 Lease Questions

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  • Welcome t5driver. Do you happen to know what this car's selling price is? The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If you are able to provide us with this number, it would be much easier for us to evaluate your deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I actually don't remember the residual or money factor but I am about to close on a lease for a 2012 S60 T6 AWD Seville Grey with Blk/Beechwood leather, climate and premium package:

    36 month lease w/12k miles per year
    Selling Price (before taxes and fees) - $38,364
    MSRP - $41,625
    Sales Tax - $1233
    NJ Motor Vehicle Fees (3 year reg $310 plus doc fee $286.75 plus tire fee $7.70) - $604.45
    Total Intial Payment (1st month's payment, acquisition fee ($995), registration and doc fee) - $2080
    Monthly Payments - $488

    It works for me, I think it's a good deal and it is a much better value than what I am being offered on a comparable BMW 3 or Audi A4.
  • Hi Car_man,

    Sorry for the delay in getting back to you. I just saw your reply. The selling price was approximately $34,500 (MSRP without tax being roughly $38,300). Thanks for your help.
  • working on a deal for a new S60...
    2012 T5 model
    Climate Package, Multimedia Package(NAV,Rear Park Camera and Upgraded sound system) and the Premium Package.
    36 mo/ 10k miles per year.
    $389 mo

    The selling price of the vehicle is $35,612.11

    . due at signing
    Taxes - $1,356.37
    First Month Payment - $389
    Motor Vehicle - $305
    Doc Fee - $279
    Total Due at Signing - $2,329.37

    money factor: .00017
    residual value: 57%

    seems like a good deal...just looking for some educated feedback
    thanks!
  • How do these numbers look? Money factor seems high to me.

    S60 T5FWD
    Premium Package
    Climate Package

    MSRP $35,425 including freight and metallic paint
    Cap Cost $34,535
    56% Residual Value
    3 year/36k miles
    .00034 money factor
    End of lease disposal fee $395

    $2,000 due at signing, $421.50 per month

    This includes the $1k incentive rebate applied to the pricing.
  • bostonbenbostonben Posts: 65
    I'm guessing the money factor/residual went up/down respectively for March?

    Either way, cap cost seems high. Assuming the $1K conquest/loyalty still is running for March, I am thinking you should be targeting a selling price of around $32,352. This is the Volvo A Plan pricing minus the $1K incentive.

    Most dealers will give you A plan pricing without actually qualifying, but check with your employer to see if you are eligible and do not have to even negotiate it. You can also ask your employer's HR department to sign up - it's free to them and a great benefit.

    Here's a list of eligible employers: https://pictures.dealer.com/volvodallasvtg/e6e4c5490a0d02b701b7bf86689c1e66.pdf
  • v70r_07v70r_07 Posts: 13
    Car_man,

    Do you have the March lease rates for the S60 T-5 and T-6 for 36 and 48 months and 15k miles per year?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi v70r_07. US Bank's March buy rate lease money factor and residual value fro a 36-month lease of a 2012 S60 T5 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 48%.

    The numbers for the 2012 S60 T6 are .00001 / 50% and .00081 / 42%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • eliscoelisco Posts: 6
    edited March 2012
    Hey carman:

    I have two options:
    1. Buy my current S40 lease buyout for 12,300$ or 13707 with tax and registration
    My current car is in good condition with only 33k miles. No power package. No leather. 2009 S40. White basic model.

    I like my car.... But the dealer is Offering

    Option 2.
    Lease new S60

    Premium = leather, moonroof, passenger power seat
    PCC = Keyless drive
    Multimedia = Navigation, rear camera, premium sound
     
    Trade in your car
    36 months 10/yr
    $1000.00 Total Drive Off
    $350.00 includes tax per month

    What would you do? I could potentially by my car and immediately sell it for 2-3k more than my buy price.

    Please help!
  • qbrozenqbrozen Posts: 17,148
    Is the dealer giving you any credit for equity in the S40?

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

  • eliscoelisco Posts: 6
    Not that I know of... The lease deal seems really good, so I would assume so.
    Should I ask for money factor and risidual?
  • qbrozenqbrozen Posts: 17,148
    You definitely want to know every detail beforehand.

    My concern would be your S40. If you feel you truly could turn around and make some money on it, why wouldn't you?

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

  • ortegaortega Posts: 57
    CarMan, could you post the April MFs and residuals for the S60 T5 FWD on 36mo & 48mo leases, 15k miles/yr? Also, do you have these numbers for higher mileage like 16K & 17K?

    Thanks in advance!
  • eliscoelisco Posts: 6
    Any opinion on the deal I just closed on would be appreciated!

    I traded my old lease in for the new S60
    Premium Sound
    Navigation with rear camera
    Park assistance
    Dynamic package with upgraded rims

    Full tank of gas and tint
    12k per year

    1000$ down
    350 inclusive of tax monthly payment
    3 years

    Gross cap cost on the car: 33,613
  • rman850rrman850r Posts: 14
    Elisco,

    Were you provided any equity on your current car?

    Do have the down payment and adds to cap cost?

    Do you have the MSRP as well as money factor and residual?
  • eliscoelisco Posts: 6
    Yes. I was given $2662 equity on my previous lease.

    I put 1000$ down. Total credited toward down payment: 4662$

    Suggested retail for my car listed on sticker: 38,725$
    Gross cap cost is 33613$

    I'm not sure where to find residual. Buy out at the end of my lease is 22k

    Did I get a good deal?
  • dcooper6dcooper6 Posts: 8
    Wondering if I got a good deal.

    36 mos/10k miles per
    617 out of pocket including 1st month payment
    Premium package, Climate package, and 17" Njord wheels
    Final Price was 32,025, Sticker was about $35K
    Had 3 payments left on a previous lease of about $700 total which they got me out of
    $356 per month payment

    Any feedback would be greatly appreciated.
  • ursusursus Posts: 48
    How much equity did you get for your old lease? It must have at least covered your tax and acquisition fee.
  • dcooper6dcooper6 Posts: 8
    Looks like they have the Trade/Lien Payoff at $13,229.
  • ursusursus Posts: 48
    Assuming you had a Volvo (and not a Toyota Corolla ;) ) 3 year lease through US Bank with an artificially low residual, your equity was probably $5-$8K depending on the car. Had they given you at least $5K, your lease would be around $246/month including assumed 7% tax and $995 acquisition fee, based on .00017 MF and 57% residual. With your number it looks like they gave you about $1.5K of equity.

    But it's all very approximate with some guessing on my part since I don't have all the numbers.
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