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Volvo S60 Lease Questions

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Comments

  • volvomaxvolvomax Posts: 5,274
    T5's are VERY rare in AZ.
    S60 AWD's are non existent, except for the R.

    Your advice about going slow is normally good, but this time of year it can be costly. The 07's do cost more to lease and the 06 are nearly gone.
    Most leases are standard. You have your first payment, license fees, acq fee and security deposit. Most lenders don't charge the last one.
    Any more $$ is to lower your payment.
    At the end you have a disposition fees, usually @ $400.
    Mileage is .18-25 cents/mile.
  • CVAN.....I shifted gears! Just when I was about to pull the trigger on the AWD with NAV, I saw an ad this past Sunday FROM THE SAME DEALERSHIP for the same vehicle, except no AWD or NAV. So, the deal was:

    S 60 CLimate Premium Metallic Black
    $2000. due at signing (0 down payment, 0 security, just 1st payment taxes)
    $299 per month for 12k miles, $320 for 15k miles ( I chose the 15K).

    Thats the deal! I couldnt believe, on a MSRP of $35,700 I will be leasing this S 60 for $320. per month. And yes, they matched the Volvo Bank Fee. I have since called 9 Volvo Dealerships in the tri-state area to see if anyone would match, and they all said they couldnt come close.
    I really wanted the NAV (didn't care so much for the AWD), but for $80 less per month and $300 less at signing, I could NOT pass on this deal. I figure I am saving over $3,000 over the course of the lease on this deal compared to my first one.
    PLease PLEASE tell me I did the right thing.
  • ranger 11,
    You did well! If you read post #185, they mention a $289 lease for a metallic FWD w/12K, but this offer was VERY LOW...as low as I've heard. Hey, you paid $10 more than a deal in NJ which may not even be relevant to you .....so what! I'm not sure how essential the AWD is either...I didn't test drive the FWD, but some say the DSTC in the FWD makes up for it....does your FWD have that option?
    Bottom line, you did VERY well, IMO. I had thought about switching to FWD myself, then decided to keep the AWD for snow and rain and better cornering. But the only way I'll know for sure is driving it over time.
    Congrats!! Did you take the car home yet?
  • Volvomax,

    ...advice about going slow was in regards to reading through the paperwork on signing day....not a time to be rushing through and not understanding each and every number, eh?
  • volvomaxvolvomax Posts: 5,274
    That is a different matter.
    But again, leases are standardized, so there usually aren't any surprises.
    Most of the time people simply forget what their contract stipulates, or think they can get around it.
  • will22will22 Posts: 1
    Trying to negotiate a similar deal right now in Chicago, and want to understand what you got.

    S60 2.5T FWD with climate package, premium package, black metallic paint for $320 per month (15k per year) or $299 per month (12k per year).

    $2,000 down included first month's payment and sales tax.

    Have I got it right?
  • Volvomax-
    Unfortunately leases are not always standardized. See post #212 for a prime example of a "surprise".
  • Hi will22,

    Your numbers seem a little bit higher than the best deal
    in NJ, but are still quite good. The best deal that I was quoted
    was by Bridgewater Volvo (based on a recommendation by the
    famous biggerdaddynj). My payments were also coming to
    $320 a month for 15K per year, except that was with no tax
    upfront: just bank/doc fees and registration and first month's
    payment. Your deal sounds similar to some of the other
    numbers that I was quoted in NJ.

    Except I took my accountant's advice and rolled _everything_ into
    the payments, including the registration, bank/doc fees,
    everything. The reason to do that is that in case the car gets
    stolen or totalled, the insurance pays the owner the cost of
    the car, and you don't get back any money you put down! If
    I roll that amount into the monthly payments, I end up paying
    interest on this amount, but that's only 5% (based on a money
    rate of 0.00207) on about $40 a month, or $2 per month. I
    think of it as added insurance!

    So now the payments come to a little under $360, and I drove
    out with just the first month's payment down.

    But AFAIK this deal expires on August 31st, so hurry hurry!!
  • What goes away after August 31st?
  • I am being offered $390/month for 36 months, 12K/year, $1250 total drive off on a 2006 S60, leather, non-metallic paint, no geartronic, sirius prepped, etc.. Due to credit score I do not qualify for US Bank, only Volvo Finance. 2007 S60 would be $415 for same term. Is this a good deal? What should I ask for?

    Thanks in advance for any help!
  • volvomaxvolvomax Posts: 5,274
    Complaining about an $8.75 fee is hardly a "surprise"
    AZ charges a $5.00 Tire Tax, has for years.

    As for bait and switch, that has nothing to do w/ leasing.
    Thats just a bad dealer practice.
  • RE: 8.75 tire fee...
    I never was told that this is $8.75.
    I asked "8.75 what?, dollars, per cent/per tire, per car,per year?" and was never answered.
    I'm complaining that I can't get a straight answer, not that there may be a fee.
  • volvomaxvolvomax Posts: 5,274
    You should have been given an answer.
    AZ's fee is an "environmental impact" fee.
    It is a one time charge.

    The only thing on a lease contract that is not a one time charge is the monthly payment itself.
  • Well I let August pass without pulling the trigger on a new S60...does anyone know what is being offered for September on 2006 S60's?? 2.5T or T5's

    Thanks in advance
  • volvomaxvolvomax Posts: 5,274
    Yes, you will lose $1000 of lease incentive on the 07's.
    06 lease residuals dropped 2 points.
  • Thanks Volvomax. So on a 2006 the cap cost should be the same as it was in August, but the residual will be 2 percent less?

    What is the residual percentage on a 2006 S60 2.5T? Is that number negotialbe or is it set by Volvo?

    Thanks Again!
  • volvomaxvolvomax Posts: 5,274
    residuals are set by the banks.
    They are not negotiable.

    A lower residual means a higher payment.
  • i thought if you lower the selling price you have a lower payment and a lower residual
  • Lower payment.. yes

    Lower residual.. no.. the residual stays the same.

    The residual is based on a percentage of the MSRP.. The car is worth the same at the end of the lease, no matter what you pay for it..

    Moderator - Prices Paid, Lease Questions, SUVs

  • Hello,

    I am looking for a 2007 s 60 S 60 CLimate Premium Metallic Black for 3 yrs/12k miles. Very similar to the one you found for 299 per month. Could you let me know the town on the dealership because I am in the mkt over the next few weeks and in the tristate area Thanks
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