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This is the quote I got from Volvo of Las Vegas:
2013 S60 FWD, Platinum, with BLIS, Climate Package, Heated Rear Seats, Spoiler
36 months / 15K per year
MSRP: $40,920
Invoice: $38,666
Selling Price: $38,000
Net Cap Cost: $38,691 (includes acq fee)
Drive Off: $1,095
MF: 0.00001
Residual: 52%
Monthly Payment with 8.1% tax: $524
They also plan to write me a check for $1,395 to payoff the remaining 4 lease payments I have on my Hyundai Sonata.
What do you (or anyone else) think of this deal? The residual obviously isn't great, but the money factor is.
Can you tell me the current money factor and residual Volvo is using on the new $359 per month lease deal on the 2013 T5 S60?
I want to calculate how much the monthly nut would rise if I added a few options.
http://www.volvocars.com/us/all-cars/volvo-s60/tools/Pages/offers.aspx
Thanks in advance.
Money factor is .00001
Residual for 24 months and 10K miles (terms in the ad) is 66%
Other residuals are as follows:
Premier 66%
Premier Plus 65%
Platinum 63%
Car_man
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I used a 3% adder to the 15,000 mile per year residual value to come up with a 10k resid, but since Volvo Finance is brand new I'm not positive that it's correct.
Car_man
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The reason the deal seems a bit off is just that paying $523/month for a $41K car seems like a lot when I can lease a MB E350 for $615/month and that's a $63K car.
The MSRP is $37,395.
The selling price is $32,777.51.
The net cap cost is $33,736.59.
The money factor is .00001.
The residual is 52%.
Again, 39 month lease with 15,000 miles per year.
2013 S60 T5 FWD with premier plus and climate packages, and metallic paint.
Good price?
Yes that looks like a great deal to me. The initial quote I got on an S60 was about $3K off MSRP, so your $5K off MSRP is great. Of course my quote is from the single Volvo dealer in Las Vegas...I haven't played them off any of the numerous dealers in CA yet.
What state did you get yours in?
Lease
- 10k/39 month
- no money down, taxes/dest charge rolled in, only need to pay dmv fees
- 1st payment paid by Volvo up to $400
- $406 per month
Lease Details
The MSRP: $36,095
The selling price: $33,743
The net cap cost: Same as selling price
The money factor: .00001
The residual: .56
Any good?
S60 T5 FWD - Platinum Package
MSRP just north of $40k
Selling Price $37651
Due at Signing Total $3000
39 months at 10k per year for $389/month plus tax = about $415 total
Is that a good deal? It struck me as a good deal as it is fully loaded. Not sure what the invoice on this car is. Anyone know?
Seems like a good deal other than having to put $3K down. That's a lot of money for a lease. You should really strive for $0 down, which will increase the monthly payment, but is safer. If you total the car tomorrow, that $3K you put down evaporates into thin air.
Are the Volvo leases generally more favorable than say, VW or Acura?
Can you please tell me the lease numbers for a 2013 S60 T5 AWD in the Chicago area for 10,000/year; 24 months and 36 months? Top tier credit.
Also, what incentives are currently available?
Thanks!
The numbers for an otherwise identical 36-month lease are .00027 and 58%.
There's $500 owner loyalty available on leases of this car, but no other cash that I'm aware of.
Car_man
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Considering leasing a S60 T5 Premier or Premier AWD. I think I have a monthly calculation of ~$330/month. (AWD isn’t necessary, just a nice feature..)
Tax is 8.25% on the cap cost of the car .
Assuming MSRP of 36945 (climate package) and sale price of $30792.
I plugged in the numbers above (as close as possible) with a MF of 0.00001 and Residual of 65% for 24 months. I assume I would qualify for best rate.
Not sure what other fees would be included (1st time leasing).
Does what I say above sound about correct?
Thank you
I am still on the notification list for this forum although we leased our S60 T5 last summer. I can't weigh in on the leasing data since I reviewed these figures so long ago, but after 10 months with the S60 and having owned a G, and driven my cousin's G25, I thought I'd offer my advice if you need help deciding between the cars. While the Infiniti is a very good vehicle, the S60 is a vastly superior car, with a much stronger engine AND better gas mileage.
Good luck with your car shopping.
I'm considering a S60 T5 AWD Platinum +Blind spot + Climate = 42,245 MSRP. What's the approximated monthly payment, MF and RV on a 36/12 0 down, top credit lease?
Thanks!!!
It will be a 1st lease for me, but I'll put money aside in 2-3 years to purchase a car we want.
Major reservation is the lack of space if we start a family, which is 1 reason I think a lease works out better for us.
My other hesitation is that I'll be about 2 hours from the closest volvo dealership.
I've only been back to the dealer for the first year maint, but ours is 2 minutes away!
I am looking to lease an S60 T5 AWD, Premier Plus with Climate package, and was quoted a price of $36,813 (they say it is 750 below invoice).
For a 2 year lease, 10k miles per year, they are quoting a money factor of .00026, residual 68%
asking for $1500 down.
Payments with monthly tax (8.5%) are $509.17
Also charging a bank fee of $995 and Disposition fee of $350 (is that normal with Volvo finance?)
I feel like it's high, and really could use advice on if this is a good deal, or if I should keep looking, and what monthly payments I should be asking for with this package.
Thanks!!
According to my calculations, if you were to lease this car at $500 over invoice minus incentives through Volvo Finance right now for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $440 assuming that you qualify for its top credit tier.
Car_man
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The disposition fee is normal, but the dealer is marking up Volvo Finance's normal $695 acquisition fee. Make sure that you take this mark-up into account when evaluating this deal.
The money factor that you were quoted is too high as well. Volvo Finance's current buy rate lease money factor for a 24-month lease of this car is only .00001.
Car_man
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residual? looks like .00001 for the 24 month.
money factor?
The numbers for an otherwise identical 36-month lease are .00001 and 54%.
The question is what is Volvo Finance's low mileage adder for leases with 10,000 miles per year. My guess is 3%, but it's a relatively new bank so I'm not positive.
Car_man
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The numbers for an otherwise identical 36-month lease are .00009 and 54%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
23 Civic Type-R / 22 MDX Type-S / 21 Tesla Y LR / 03 Montero Ltd
Car_man
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Do you happen to have any info on Volvo Finance's July buy rate lease money factor and residual value for a 24-month lease of a 2013 S60 T5 AWD Premier Plus with 10,000 miles per year who qualify for top credit tier. I am being provided a MF of .00016 and being told the change in MF from last month to this month is due to Volvo's Summer Sales Event and the 3 months.
Thanks
Also, what's the deal with the $500 advertising charge?
Volvo is indeed waiving the first three monthly payments in July. There's a solid $2,500 dealer cash out there on the 2013 S60 T6 as well. Make sure to take that cash into account during your negotiations.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
What other information would you need in order to assist me in evaluating if this is a good lease? I noticed the dealer was using a factor of .00016 and when questioned, was advised that the MF for July changed due to Volvo eating the first 3 months of payments.
Any assitance would be much appreciated.
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 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.
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
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
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!
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.
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.