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Need help on 2015.5 S60 zero down

jg73jg73 Member Posts: 29
edited January 2015 in Volvo
Long time follower of the lease discussions here on edmunds, first time posting a question. Received offer via email on S60 T5 FWD, MSRP of $38,350 and lease price of $34,133 - zero down, 39 month lease/12k miles per year for $342.63.

The quoted lease price seems a bit high, assume additional room to negotiate after the test drive/trip to the dealer.

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    kyfdxkyfdx Moderator Posts: 243,821
    jg73 said:

    Long time follower of the lease discussions here on edmunds, first time posting a question. Received offer via email on S60 T5 FWD, MSRP of $38,350 and lease price of $34,133 - zero down, 39 month lease/12k miles per year for $342.63.

    The quoted lease price seems a bit high, assume additional room to negotiate after the test drive/trip to the dealer.


    Does the price include tax (if so, what is your state and tax rate?).
    What is the amount due at signing?

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    jg73jg73 Member Posts: 29
    Here's the additional details - taxes are not included in the monthly, total due down at signing would be first month payment ($342.63), dealer processing fee ($499), taxes/title/tags ($1,585.51 - VA) for a total of $2427.14. Did not qualify for owner loyalty incentive ($500). Many thanks for the help.
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    kyfdxkyfdx Moderator Posts: 243,821
    jg73 said:

    Here's the additional details - taxes are not included in the monthly, total due down at signing would be first month payment ($342.63), dealer processing fee ($499), taxes/title/tags ($1,585.51 - VA) for a total of $2427.14. Did not qualify for owner loyalty incentive ($500). Many thanks for the help.


    My calculations with .00001 MF and 55% residual come out about $8/mo. less, but that's pretty close.

    There is $1250 of lease cash on this model, but even with that, your price looks decent.. Of course, a $499 dealer fee is obscene.

    I'd sure try to grind a little more off.. .but, it's not bad. The financing is cheap, so I'd roll the taxes into the lease payment.. That will bump the payment up by about $40/mo., but $1585 less out of pocket..

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    jg73jg73 Member Posts: 29
    Just the advice we needed - tremendously helpful, many thanks!!!!!
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