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New S40/V50



  • stickguystickguy Posts: 24,939
    That would certainly qualify as a niche car, but is kinda indicative of where Volvo is positioning it.

    2015 Hyundai Sonata 2.4i Limited Tech (mine), 2013 Acura RDX AWD (wife's) and 2015 Jetta Sport (daughter's)

  • cotmccotmc Posts: 1,081
    Regarding whether this is a good lease deal, other details would need to be provided. Does the "$3600 down" include all fees (including tax and license)? Or is this including only the Cap Reduction and Acquisition fees? Is this a 36-month lease? How many miles/year are allocated?

    I would try to verify why the bank claims your credit score is 645 instead of 693. If you don't get a good answer, then try another Volvo dealer.
  • cotmccotmc Posts: 1,081
    "I really think only the last 2 options are necessary, & would rather swap metallic paint & motorized seats w/ the grey leather($1450) instead of the burning vinyl, which only comes in black or sand..."

    You definitely have a good lease deal, but I'm sorry to say that I agree with you 100% on your options list. I would also trade the power seats and metallic paint for leather seats. (Personally, I like the "natural brown" leather with the black dash, trim and carpet.)

    Then again, I live in sunny, hot Arizona. If I lived in Boston or Seattle, I would probably be content with black vinyl sport seats. But in these parts, saving $1400 on vinyl seats is asking for trouble! I wish BMW offered some sort of zero-cost cloth seat alternative, such as the T-Tec seats available in the S40. Hey, even the cloth seats in the base Volvo XC90 are fantastic!

    Since this is an S40 forum, I should probably add that I really appreciate the content and pricing of the S40's Premium Package. With the 2.4i, the Premium Package adds leather seats (which seemed to have a little more padding than the base seats), moonroof, power driver seat, dual electronic climate control, and upgraded trim, for about $2300. With the 325i, you're looking at about $2400 for only leather and moonroof.

    I don't recall if the S40 Prem Pkg has "leather seats" or "leather seating surfaces"? If the latter, that might help to explain the low price, but I still think it is a great deal!
  • windsorwindsor Posts: 12
    The total amount due at lease signing was actually 4100, so I put 3600 cash down, as well as a trade-in. This 4100 covered the cap cost reduction, 1st mo payment, security deposit, initial registration fees, and sales or use tax.

    About the credit issue, the sales manager is saying that while my credit score was pretty high, Chase has higher standards, and that they used my transunion score (688), which for them is a tier 3. I am nearly positive this is B.S., but what can I do now, ya know. Plus, even though I got a little screwed on the financing, I think I compensated it by negotiating a 24,226 gross capitalized cost (agreed upon price of 23,386 + 795 for acquisition fee).

    I welcome any advice guys.
  • cotmccotmc Posts: 1,081
    I understand that Volvo is providing a significant lease incentive that allows dealers to reduce the gross capitalized cost. I have reason to guess this is a $3000 incentive, but I don't know for certain. Did your salesman mention anything regarding this incentive?

    As an example, my 2.4i with Premium Package (no metallic paint) had a gross capitalized cost slightly below $23.5K. I notice your car also adds the climate package, which has an MSRP of $625. Does your car include metallic paint, or any other options? If not, then I don't think you are necessarily getting an outstanding price at $24,226. I bet other dealers would match or beat it.
  • lev_berkovichlev_berkovich Posts: 858
    Volvo just has advertised the new lease for $229 a month and $3569 due on signing.

    See details at
  • creakid1creakid1 Posts: 2,032
    "But in these parts, saving $1400 on vinyl seats is asking for trouble! I wish BMW offered some sort of zero-cost cloth seat alternative, such as the T-Tec seats available in the S40."

    BMW did back in '02 in Canada, & the 3-series' cloth interior comes in either black or grey, which almost made me wanted to go get a Canadian spec. But imports sold in Canada cannot be exported to the U.S. w/o heavy tariff!

    "Hey, even the cloth seats in the base Volvo XC90 are fantastic!"

    I remember the '93 940's base cloth seat fits me perfectly, even the fixed headrest matched my 5'11" frame. These days, people are getting taller, so Volvo's fixed headrests are designed for those somewhere over 6'.
  • cotmccotmc Posts: 1,081
    I believe this is the same lease deal Volvo has been advertising on their U.S. website for a couple of weeks now, which I referenced in #981.

    Note this particular promotion, through Volvo Car Finance North America, applies only to a base 2.4i without any options (other than metallic paint). Unfortunately, the money factor changes significantly if you add options. Because I wanted the Premium Package, my salesman had to go through a bank, instead of with Volvo Finance, to get me a similarly competitive lease deal on an S40 with that package. (As mentioned earlier, there is some incentive Cap Reduction money if you lease through a bank, but not if you lease with Volvo Finance. Strange!)
  • jchan2jchan2 Posts: 4,956
    would be a better alternative than the vinyl, that's for sure. At least it won't fry your butt in the summer if you live in the southwest.
  • volvomaxvolvomax Posts: 5,274
    If the lease thru Chase is a tier one than the Isaac score needs to be over 700. Also, many lenders prefer Experian in the Southwest/West Coast markets.

    The advertised Volvo lease does not include tax or license fees.

    Here in the Southwest 98% of the cars we sell have leather. RARELY do we get a customer that wants cloth instead.
  • windsorwindsor Posts: 12
    Yea, but the volvo dealership is telling me chase has me as a tier 3,whith the following credit scores

    experian 693
    equifax 667
    transunion 688

    I have a tough time believing I am tier 3, is there any chance the dealership is lying about my credit? Would it benefit them to do so?

  • windsorwindsor Posts: 12
    Yes, after the whole deal was done, my dealer is saying that their WAS a 3000 dollar incentive, but that their is no longer an incentive. I guess I'm stuck. What sucks is when the dealership first told me us bank declined me, and that I'd have to go through chase, I then had an option to give back the Volvo, and I think I should have. Now I've been on the dealership asking why they said my credit scores were lower than they really are, and why they didn't try to finance through Volvo, which supposedly has the best deal going right now.

  • cotmccotmc Posts: 1,081
    No doubt leather is nearly universally preferred over cloth. Sometimes, however, a customer stretches his automotive budget to get into a car for its better performance and quality, with a financial need or desire to compromise on its costly options. Creakid1's 325i lease is a good example.

    Compared to BMW, Volvo should be commended for offering quality cloth seats as the "base" for some of their vehicles, as opposed to vinyl, or in BMW speak, "leatherette". I was amazed at how many pre-owned 325i cars at the BMW dealer in lower Scottsdale were equipped with vinyl seats! I guess there are plenty of BMW 325i customers here in Arizona(!) who chose to save $1450, even though a hot vinyl seating surface was their only alternative to leather.

    For the XC90, I still believe the cloth seats are just as nice as its leather seats. Having said that, I would still take the durability and cleanup capability of leather. As for the S40, there is a another Volvo dealer here in AZ who seems to be ordering all S40's with the T-Tec seats. Obviously, I disagree, but that dealer sure seems to like the T-Tec seats more than the leather.
  • windsorwindsor Posts: 12
    You said, "If not, then I don't think you are necessarily getting an outstanding price at $24,226. I bet other dealers would match or beat it. "

    But here on edmunds, the tmv for the car I got (2.4i, with prem + clim packages) is around 27,000; why is it that you say I didn't get a good deal at 24,226? Just curious.

    The main thing I was worried about was if the dealership was up to some funny business arranging financing through the bank. My interest rate is at 5.78 because they say I'm tier 3 with a middle credit score of 685. Also, I'm wondering why they didn't go through dealership says its because I'm a first time buyer (even though I financed a car 6 years ago with a co-signer, and never had a late payment).

    Again, besides the oddity of the finance deal, I think the price for the car was pretty

    Still not at ease with his new lease deal...Matt
  • josh684josh684 Posts: 55
    How? Invoice is $26,300 and MSRP is $28,100. Is this cause of the 3,000 if you lease?
  • cotmccotmc Posts: 1,081
    If you read #1008 carefully, I never said you didn't get a good deal. I just noted that it wasn't "outstanding", as my lease deal had a cap cost under $23.5K, with the same equipment you listed, except that mine did not include the $600 climate package. I didn't mean to cause any concern after the fact. At the time, I thought you were still re-negotiating due to the $10 monthly lease payment increase. Now that this is a done deal, you should enjoy your car. We should both be thankful that Volvo offered the cap reduction incentive to allow our capitalized cost to be so far below dealer invoice.

    Probably the real reason your dealer didn't go through Volvo for the lease is due to the cap reduction incentive, which I explained at the end of post #1012. Without that incentive, there would be no way of getting your capitalized cost so far below invoice.
  • creakid1creakid1 Posts: 2,032
    "As for the S40, there is a another Volvo dealer here in AZ who seems to be ordering all S40's with the T-Tec seats."

    Non-turbo S40 requires the uncomfortable sport suspension for the "T-Tec". You sure it's not the std "plush" cloth?

    Also the base S40 comes w/ std silver plastic trim, not aluminum.

    & there's nothing wrong w/ them.
  • cotmccotmc Posts: 1,081
    "Non-turbo S40 requires the uncomfortable sport suspension for the "T-Tec"."

    Actually, that is not true. I think the early literature stated that the "T-Tec" seats were an upgrade, but all the S40's without leather, even the base 2.4i models, seem to include the T-Tec seats at no cost -- Sport or non-Sport. I have looked at over a dozen S40s at two Volvo dealers, and I never found a single model with the "plush" cloth seats. The window sticker states that the T-Tec Seating Surfaces are a "Special All-New S40 2.4i Introductory Offer".
  • tranmitranmi Posts: 12
    The "T-Tec" seats are the standard equipment for the S40 2.4i now. You can not order the "Eden" cloth anymore.
  • volvomaxvolvomax Posts: 5,274
    Actually you never could order the cloth.
    T-tec was made standard before we got the first car.
  • volvomaxvolvomax Posts: 5,274
    you are a tier 3 w/ Chase
    Tier 1 730+
    Tier 2 700-729
    Tier 3 680-699

    Note: the score is just a guideline, you still must meet other acceptance criteria. But, if your out of the scoring range the other criteria is moot.
  • windsorwindsor Posts: 12
    Yea, I've finally put all of my worries to rest. I have talked to Chase, and through persistance, finally got somebody to discuss my personal credit scores, and how they would likely effect the rate I would/did get on a lease. I am tier 3, this just seemed low to me.

    Yes, you guys are right, their is a 3000 dollar incentive coming from Volvo, but the dealership cannot use volvo finance and get the 3000 gross cap this is why they stuck with Chase.

    It seems nearly all 2.4i's in this region (southern california) come with at least the premium package, and many also with the climate package. With both, it seems to be a consensus that a gross cap cost at $24,000 is a pretty good deal, so I'm done. Now I've just got to decide if I'll spring for some of the great accesories that have been made for the S40. I've gotta wonder if I'll want to buy this car at the end of the lease, I'd hate to buy a bunch of accessories, and then just give the car back. Well see. These S40's age pretty well, right?
  • tranmitranmi Posts: 12
    The price list just came out, here is the link:
  • creakid1creakid1 Posts: 2,032
    Does the '05's auto climate control have the auto recirculate feature as "falsely advertised" in the '04.5 brochure pictures? According to the Volvo customer assistance, the "A" feature on the recirculate button should also come w/ the charcoal filter.

    Now the memory feature can be added on the power driver seat for $150. How about the multiple adjustments for the passenger seat, either manual or power?
  • tranmitranmi Posts: 12
    This price and options list are for the OSD only.

    Volvo used to have the power seat option for driver's and passenger side for the 2.4i for $900 and the power passenger side for the T5 for $450. For some reasons they took them off for the 2005.
  • volvomaxvolvomax Posts: 5,274
    Where did you see those options???

    The 2.4i has never had a power passenger seat option.
    The T5 pass seat is part of the Premium pkg.

    the picture shows the S40 w/ the IAQS system.
    all Volvo's have the pollen/dust filter.
    IAQS is a sensor that detects carbon monoxide or other toxic gasses and automatically closes the outside air intakes. IAQS will not be available on the 2005 S40's
  • cotmccotmc Posts: 1,081
    Even without a height adjustment on the passenger seat within the 2.4i model, there seems to be plenty of space underneath for rear passenger foot room. Within my S40, I could sit in the rear seat wearing hiking boots and easily slide them under the front passenger seat.
  • creakid1creakid1 Posts: 2,032
    I always look for cars w/ high chairs & perhaps also avoid the moonroof so you never have to go for the idiotic clumsy SUVs. My parents' 1st car was an air-cooled Super Beetle, & I always remember how I never had to stretch my legs out due to the long distance between my knees & the floor.

    The MDX doesn't even have a high chair for the 2nd row seating!
  • mgpark103mgpark103 Posts: 5
    My salesperson tried Volvo Finance first but they came in about $45/mo higher - ended up with USBank - and a $3,000 cap cost reduction lease incentive. I'm pretty sure the $3k incentive is good through the end of May at least.
  • You can now build and price the S40 at the Volvo Canada website.

    2.4i - $29,995
    T5 - $34,995
    T5 AWD - $37,495

    Not bad starting prices!
This discussion has been closed.