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Volvo S60 Lease Questions

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  • Carman:

    I'm doing my own lease calculations for a 2013 S60 T5 FWD w/no options . Pls accept my apologies if you've answered this before but earlier posts all seemed to be for S60s in different states of trim with more options, and the residual % seemed to differ based on trim level.

    Could you tell me the residual % for this car on a 24 month lease with either 10k or 12k miles a year, whichever you have the numbers for? And is the MF still .00001?

    As for annual miles, I'm new to leases and wasn't sure if going up or down on miles is accounted for by adjusting the residual % or by purchasing extra miles up front. If it's done through the residual % I'd like to know the % for 10k v. 12k v. 15k per year, again if you have that info. and its not too much trouble.

    Lastly, the advertised lease offer for a T5 FWD w/no options calls for $1,879 due at signing, any idea if some of that amount is meant to be down payment, or if it's all bank origination and disposition fees?

    Thank you very much!
  • I signed a lease for a S60 today and I can share some information that may be useful. I had a very helpful and forthcoming salesperson (can I post name and dealership information?) who openly discussed incentives and lease parameters. For the S60 T5 FWD. 24 month lease with 10000 miles per year, money factor = 0.00001 (basically, 0, pennies per month) and residual is 67%. The money factor has NOT increased due to the other promotions. The car priced at invoice - $750 (costco) - $1000 (dealer cash) - $1800 (extra dealership-specific incentive). I was not a repeat volvo buyer so didn't get the extra $500 loyalty cash and didn't try pushing for it either.

    I was very skeptical of this deal as I was trying to price this out myself and best case I would come up with was $350/month, this ended up much lower, and included premier, climate, metallic paint, 17" alloy wheels, and urbane wood inlays. Overall a very sweet looking and driving car, I can't wait to pick it up later in the week.
  • Hi f4hondaphile,

    I too, am looking into this lease special. Do you mind me asking how much you ended up putting as a down payment? It would be much appreciated.

    Thanks,
    Austin
  • tomc1227tomc1227 Posts: 19
    Hello Carman,

    Can you confirm the MF and residual for a 2013 S60 T6 R-Design for July? I believe the rates differ slightly between the T6 and T6 R-Design, hence the question.

    Thanks,

    Tom
  • goirish2goirish2 Posts: 10
    Car_Man-

    A quick question about Volvo's fees. I contacted a dealer today about leasing a S60 using the COSTCO Program. I had calculated my lease, based on $0 cap cost reduction, but the numbers I got were substantially higher than I anticipated. I had forgotten the Bank Acquisition fee and the dealer had added in a "Dealer Fee".

    The Acquisition fee was $995.00 This looks to be about $300 too high, based on my research. Is this the case?

    Am I correct in assuming that I should not pay a $695 Dealer fee.? I think I negotiated this away on my last few leases (Land Rover and VW)

    Dealership is in FL

    Thanks!
  • austin_brown: I put $2000 down, which included NJ tax, registration etc. My monthly payment is $281, with the first three payments paid by volvo.
  • cnn90210cnn90210 Posts: 2
    edited July 2013
    I signed a similar deal yesterday.

    2013 S60 T5 AWD Premier with Climate Package & BLIS

    $38,245 MSRP
    $33,400 Selling price
    $35,222 CAP (includes Acq. Fee, NJ tax, tags & doc fees)

    24 month lease with 10,000 miles per year

    MF=.00001 Residual= 68%

    $3000 down $270/month

    Volvo picks up the first 3 payments.

    I'm not a Costco member so I missed out on the $750 but I'll make sure I join before I lease again to take advantage of it.
  • jmaxejmaxe Posts: 197
    Just got a quote on a S60 T5 from Roger Beasley in Georgetown, TX that seemed high.
    Ran the numbers myself and found I couldn't account for about $125. in monthly payment.
    Will call them on it today and see what's up.
    They say they really want to sell the car at month-end but I'm no fool.
  • cnn90210cnn90210 Posts: 2
    Did you get a break down on the numbers?
  • wstohnerwstohner Posts: 1
    Can anyone share with me what the residual is in July for a 15k/24 month lease on a 2013 S60 AWD premier plus? I signed a lease on one today with a residual of 64%, but I saw 65% listed on a different website. Just want to make sure my dealer was correct. Thanks in advance.
  • goirish2goirish2 Posts: 10
    I had the same experience in Florida. It is likely the dealer fees and bank acquisition fees that make up a lot of that. I was very interested in an S60 until I started getting the run around. The dealer wouldn't budge off of the fees so I leased a VW Passat instead. Besides the $695 "dealer fee". They were charging a $500 "advertising fee" which appeared to be marked up from the $250 other Volvo dealers were charging. They also marked up the Bank Acquisition Fee by $300. ($995 instead of $695). That's almost $100 a month over a 24 month lease.
  • jmaxejmaxe Posts: 197
    In the end I got the S60 T5 with Premium pkg, climate pkg, BLIS and the special black paint (more options than on the original $400/mo. offer) at just under $300/mo for 39 months.
    Not the absolute best deal but I really wanted this particular unit so I'm satisfied.
  • orthoao123orthoao123 Posts: 1
    edited August 2013
    Hello all,
    was wondering if anyone can put some input on this.
    I am working with a dealer who i leased another volvo from in the past and the salesman told me this price includes all incentives as a repeat customer.

    2014 S60 T6 AWD, with nav, backup camera, metallic paint, (no BLIS)
    no money down 24 month lease at 12k a year he is quoting me $499 a month.

    they say there there are better incentives on the T6 than the T5. is this a good deal?
    thank you
  • audra3audra3 Posts: 1
    Hi, I am hoping CarMan or someone else in forum can let me know if this is a good deal on lease quote or if I am getting charged too much.
    For a 2 year lease on 2013 Volvo S60 T5 FWD with premier and climate package, metallic paint, and 12,000 miles, they are quoting me at:
    2,379 startup costs including $900 cap cost reduction, $188 registration, $399 doc fees, $695 acquisition fee and $195 sales tax on cap cost and doc fee.
    $399 a month and the first 3 months of no cost with their summer incentive.
    Please let me know if this is a good deal or if I should continue to negotiate on the fees in startup costs and/or monthly payment.
    Thank you!
  • dnts4dnts4 Posts: 3
    car_man,

    Can you please provide the August MF and residual for a 2013 Volvo S60 AWD R-Design for 24 months at 12k miles/yr?
  • sal_buterasal_butera Posts: 1
    edited August 2013
    Hello all - looking for some info, looking in 06117 area. S60 T5 AWD, Premier + Climate. 12K miles/39 months, $2,500 down - assuming first 3 months free till Sept 3rd. Looking for money factor & residual value at present, I'm assuming .00001 & 60% respectively - assuming negligibe difference in MF between 24 & 36 months. Calculations give me approx $275/month.

    Am I off with my assumptions? Appreciate the help.
  • tr930tr930 Posts: 1
    edited August 2013
    I got a AWD T5 with premier, climate pkg, rear spoiler and 18" wheels for $429/mo, 12,000 miles 39 months and 0$ down. first 3 months were free from Volvo.

    This includes all taxes and fees.
  • gpb59gpb59 Posts: 69
    car man, can you give me the money factor and residual for a FWD car with 10k miles/yr and 24 months. thanks
  • I'm sorry...doesn't look like we will have Volvo numbers for August.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • gpb59gpb59 Posts: 69
    actually just came from the dealer, MF .00001, residual 67% for 24 mos 10k miles per year

    MF .00002, residual 56% for 36 mos
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