Howdy, Stranger!

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





Volvo S60 Lease Questions

1313234363740

Comments

  • qbrozenqbrozen Posts: 16,916
    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; '08 Town&Country

  • huny409huny409 Posts: 3
    Thank you SO much for that breakdown! It was exactly what I needed for it to make sense!
  • qbrozenqbrozen Posts: 16,916
    glad to help.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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: 38,518
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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: 38,518
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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.
Sign In or Register to comment.