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Volvo S60 Lease Questions

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  • 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: 38,518
    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey godfather9. Please look up for the same answer ;) .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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.
  • 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
    Host
    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: 16,913
    how many miles? how many months?

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

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 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
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    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: 16,913
    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; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

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