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Volvo V50 Lease Questions

13

Comments

  • zabackzaback Posts: 5
    Carman,
    any lease incentives?
  • Hi,

    In Massachusetts here and trying to get my arms around a potential lease. Do we know what current deals are for this car? I want to be well armed before entering dealer. Thanks.
  • volvobuffvolvobuff Posts: 35
    You might want to contact Farrell Volvo in Southboro. I have recently leased two Volvos from them (S40 and V50) and can highly recommend them for excellent lease pricing and straightforward honest no-hassle customer relationships. Can't say as much for the half dozen other Eastern MA dealerships that I contacted.
  • Great, thanks for the tip. Are they leasing with a volvo program or another bank? Do you know the info on the lease factor, depreciation, volvo subsidy to lease company, etc.?
  • volvobuffvolvobuff Posts: 35
    I would gladly pass along the name of my great salesman and sales manager, but this forum does not allow me to do so. Both of my vehicles were special factory orders, including features not available on NA market cars; they were great at going to bat for me with VNA and getting me the cars I wanted.

    They offer leases through Volvo Financial Services as well as US Bank and Chase. US Bank had the best deals by far, both last May, when I got my V50, and last December, when I got my S40. VFS is simply not competitive, plus they require a monthly escrow of your MA excise tax. Lease numbers change from month to month and vary from one model to another, so any info I have would be both out of date and not applicable to your model.

    In general, however, you should negotiate the net sale price first as if you were buying the car for cash outright, expect to get the car for at or close to invoice, and then get the entire current Volvo 3rd party lease subvention deducted from the net price to generate the cap cost used in calculating the lease. If you don't know what these terms mean, you need to do some homework before you go anywhere near a dealership. There are all kinds of creative ways to get screwed on a lease negotiation if you don't know what you are doing -- not that I think Farrell would do that to a customer. Focusing just on the monthly payment is always a mistake. Good luck and happy negotiating!
  • hldsbrghldsbrg Posts: 1
    I live in Northern California and am looking for a volvo dealership that is offering a leasing program on the V50's. Does anyone know of any?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi hldsbrg. Technically, individual dealerships do not lease vehicles to consumers, banks do. You should be able to lease the V50 that you want through any Volvo dealer that you want to. Shop around and go with the one that offers you the lowest selling price. I don't believe that Volvo Finance is currently running a special lease program on this model. If not, then you will probably be better off leasing it through an independent bank. When negotiating your lease, keep in mind that Volvo is currently providing a special $4,500 cash incentive on leases of '08 V50 2.4i 2WD,$6,000 on V50 T5, and $6,500 on V50 AWD models. This cash will help you to negotiate an extremely low selling price.

    Car_man
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  • Car_man,

    On Edmunds.com the incentives listed are:

    1500 Cash to Dealer start: 01/03/2008 end: 03/31/2008 Where did you get the $6000 amounts?

    Thanks
  • nbmillernbmiller Posts: 1
    Car_man-

    I also spoke to my local dealers here in Pasadena, CA about the lease incentives you mentioned in #48. They didn't seem to know of any going on now for the V50.

    Tell me if I'm crazy or not: looking for a 36 month lease, $0 down, 10.5k miles/month on a T5, titanium gray, black leather w/ premium package for under $400 month.

    Seems possible if there are the incentives you say there are.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi nbmiller. The cash incentives that I mentioned earlier have expired. This quarter, Volvo is only providing $1,500 on the 2008 V50.

    Car_man
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  • Anyone got any good prices on the Volvo T5 AWD wagon? trying to get and idea how much a loaded car would cost vs the bmw 3 IX wagon and the Audi A4 Q Avant

    Thanks,

    Dil
  • I'm contemplating a current lease deal on the 2009 v50 of

    MSRP = 31,650
    Sale Price = 23,327
    12k
    Plus 1k rollover on current lease
    $0 down
    $604 due at signing
    .0025 money factor = 6%(I think)
    ------------------------------------------------------
    $439/month

    Anyone have an opinion on this? Another option is to hold out till January when my current lease is up, but incentives rate may change.... All opinions on current deal and options are welcome..

    Thanks
  • Hello, I'm looking at V50s, 2009, 2.4i. What would the MF and residual be for

    #1 with
    - leather
    - climate
    - metallic paint
    - MSRP $33025

    #2 with
    - leather
    - climate
    - metallic paint
    - boosters
    - BLIS
    - MSRP $34020

    on a 3yr/36k-mile lease through Volvo.

    Also, what is Volvo's acquisition fee?

    Thanks
  • I talked to a dealer today who said that Volvo is offering $4,750 in "lease assistance" for leasing a V50. Does anyone know how this works? Is it a straight deduction from the negotiated sales price, or is it more complicated than that? :confuse:
  • Is that on the 2009 model? Does anyone know the MF and RV on a 2009 V50, base model (2.4i), 36/45k, in Oklahoma?
  • Sorry I forgot to specify. That was on a 2009 V50 5T R-Design, but I believe it applies to both types of 2009 V50s. I think it is actually called "alternative lease assistance" and I am thinking it may be an incentive that Volvo gives you if you get your loan with an alternative bank rather than through Volvo Finance but I could be wrong.

    I am also curious about MF and RV for the 2009 5T R-Design on a 48mo/10k lease in Chicago. Edmund's calculator seems to suggest the residual for this arrangement is around 44%.
  • Hi dtmcgarry. Volvo Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 V50 2.4i with 12,000 miles per year are .00176 and 47%, respectively. Volvo Finance's current base lease acquisition fee is $595.

    Car_man
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  • Hi chicagoS. What you were told is correct. Volvo is currently providing a $4,750 cash incentive for leases of 2009 V50 through banks other than Volvo Finance. One cannot combine this cash and the special lease money factor that Volvo is currently providing on this model.

    If you opt to go with a non-Volvo Finance lease, negotiate the lowest possible selling price on the unit that you are interested in and then have the dealer subtract this incentive from that.

    Car_man
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  • Just a heads up and a thank you...

    Found this discussion after months of exhausting car shopping. (New, used, lease, etc.) I'm a Volvo owner, but the new models were just out of my price range.

    Well, using the incentive offer I found out about here, I got my wife a new V50 lease this week! I got an EXCELLENT price. Totally hit my target and probably wouldn't have without the lease incentive.

    I highly suggest anyone shopping get out there right now and at least look into it. I wonder if any other manufacturers are doing the same? I looked into Mitsubish and NIssan, but neither of them were willing to bargain on a lease rate at all. (Odd, considering the state of the auto-industry.)

    Anyway, thanks again for sharing the info. We're elated about this car.
  • You're very welcome, thenukes. I'm glad that you got a good deal. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride :shades: !

    Car_man
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