2016 Volvo S60 Lease Questions

MichaellMichaell Moderator Posts: 255,468
edited August 2015 in Volvo
Ask your 2016 Volvo S60 lease questions here!

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  • darbykevindarbykevin Member Posts: 4
    What are the October numbers for a 2016 Volvo S60 T5E Premier and T5E Inscription Platinum? 12/36. If this is not the best term, please also include the best. Washington state. Thanks.
  • MichaellMichaell Moderator Posts: 255,468

    What are the October numbers for a 2016 Volvo S60 T5E Premier and T5E Inscription Platinum? 12/36. If this is not the best term, please also include the best. Washington state. Thanks.

    FWD or AWD on the Inscription Platinum?

    T5E Premier - .00001 and 57%. $1750 lease cash.

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  • darbykevindarbykevin Member Posts: 4
    FWD for Platinum.

    Thanks for the very quick reply.
  • MichaellMichaell Moderator Posts: 255,468

    FWD for Platinum.

    Thanks for the very quick reply.

    56% and .00001. $1750 lease cash

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  • chwtomchwtom Member Posts: 46
    Does anyone have current MF and residual for a 2016 s60 cross country sedan?

  • kyfdxkyfdx Moderator Posts: 257,167
    chwtom said:

    Does anyone have current MF and residual for a 2016 s60 cross country sedan?

    .00053 MF and 56% residual for 36mo, 15K/yr. $1750 lease bonus

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  • huskerfan5huskerfan5 Member Posts: 165
    Would you know the current MF and residual (10K and 12K) for the S60 Premier AWD in NJ? Thanks
  • MichaellMichaell Moderator Posts: 255,468

    Would you know the current MF and residual (10K and 12K) for the S60 Premier AWD in NJ? Thanks

    What lease term?

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  • huskerfan5huskerfan5 Member Posts: 165
    36 or 39, if they differ. Thanks again
  • MichaellMichaell Moderator Posts: 255,468

    Would you know the current MF and residual (10K and 12K) for the S60 Premier AWD in NJ? Thanks

    36 or 39, if they differ. Thanks again

    .00001 and 56% (36/12) or 55% (39/12). Add 1% for 10K.

    $2150 lease bonus.

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  • calitonccalitonc Member Posts: 28
    Can you please provide residual and money factor for 2016 s60 inscription premier and platinum 15k/yr, 36-39 mo lease in North Carolina. I have been told the money factor is .00001, but two dealers have given me 51-53% residual. I thought residuals were set by the bank, and the money factor was the moving target with dealers? Thanks in advance!
  • kyfdxkyfdx Moderator Posts: 257,167
    calitonc said:

    Can you please provide residual and money factor for 2016 s60 inscription premier and platinum 15k/yr, 36-39 mo lease in North Carolina. I have been told the money factor is .00001, but two dealers have given me 51-53% residual. I thought residuals were set by the bank, and the money factor was the moving target with dealers? Thanks in advance!

    .00001 MF. $2150 lease bonuse

    36mo: 53% residual for either
    39mo: 52%/51% residual for Premier/Platinum

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  • calitonccalitonc Member Posts: 28
    Thank you!
  • calitonccalitonc Member Posts: 28
    All-
    Just did a lease on a 2016 Volvo S60 inscription.
    Convenience pkg
    Heated front seats
    Navi
    Sunroof
    back up camera
    Zero down / zero drive off $346/mo. 39 month lease 15k/ yr
    on a $42,400 car. ;-)
  • flycatflycat Member Posts: 5
    Got a quote for 2016 s60 Inscription
    Convenience pkg
    BlIS
    MSRP 43k

    0 down, 10k miles/year, 39 month lease, $320/month, first 3 months on Volvo.
    Is this a good deal?

    Quality wise, is Inscription as good as regular S60?

    Thank you.
  • kyfdxkyfdx Moderator Posts: 257,167
    @calitonc

    @flycat

    Those both look like great lease payments

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  • bpvolvo8bpvolvo8 Member Posts: 7
    edited December 2015
    Thoughts on whether this is a good deal or whether I should push back?

    dealer will get me out of my 2013 s60 lease 3 months early with no further payments or disposition fee.

    2016 s60 AWD premier with heated seats. Sign and drive, 39 mos., 15k miles/yr. $420/mo but really works out to $388/mo because Volvo makes my first three payments.  Tax is included.

    Thoughts please?

    any idea how much less it should be for FWD instead of AWD?

    Thanks.
  • MichaellMichaell Moderator Posts: 255,468
    calitonc said:

    All-
    Just did a lease on a 2016 Volvo S60 inscription.
    Convenience pkg
    Heated front seats
    Navi
    Sunroof
    back up camera
    Zero down / zero drive off $346/mo. 39 month lease 15k/ yr
    on a $42,400 car. ;-)

    Congrats - nice deal you got there....

    Enjoy the new Volvo

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  • MichaellMichaell Moderator Posts: 255,468
    bpvolvo8 said:

    Thoughts on whether this is a good deal or whether I should push back?

    dealer will get me out of my 2013 s60 lease 3 months early with no further payments or disposition fee.

    2016 s60 AWD premier with heated seats. Sign and drive, 39 mos., 15k miles/yr. $420/mo but really works out to $388/mo because Volvo makes my first three payments.  Tax is included.

    Thoughts please?

    any idea how much less it should be for FWD instead of AWD?

    Thanks.

    No December numbers for Volvo yet ... read back through the last page of this discussion. Folks are getting S60's for way under $400/mo.

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  • bpvolvo8bpvolvo8 Member Posts: 7
    Michaell said:
    Thoughts on whether this is a good deal or whether I should push back?

    dealer will get me out of my 2013 s60 lease 3 months early with no further payments or disposition fee.

    2016 s60 AWD premier with heated seats. Sign and drive, 39 mos., 15k miles/yr. $420/mo but really works out to $388/mo because Volvo makes my first three payments.  Tax is included.

    Thoughts please?

    any idea how much less it should be for FWD instead of AWD?

    Thanks.
    No December numbers for Volvo yet ... read back through the last page of this discussion. Folks are getting S60's for way under $400/mo.
    I've been told by two dealers in my area that the numbers on this page are the unrealistic unless there was a trade in, they don't include tax, etc.
  • kyfdxkyfdx Moderator Posts: 257,167
    bpvolvo8 said:


    Michaell said:

    bpvolvo8 said:

    Thoughts on whether this is a good deal or whether I should push back?

    dealer will get me out of my 2013 s60 lease 3 months early with no further payments or disposition fee.

    2016 s60 AWD premier with heated seats. Sign and drive, 39 mos., 15k miles/yr. $420/mo but really works out to $388/mo because Volvo makes my first three payments.  Tax is included.

    Thoughts please?

    any idea how much less it should be for FWD instead of AWD?

    Thanks.

    No December numbers for Volvo yet ... read back through the last page of this discussion. Folks are getting S60's for way under $400/mo.

    I've been told by two dealers in my area that the numbers on this page are the unrealistic unless there was a trade in, they don't include tax, etc.

    Yeah.. sometimes dealers have good information for you. Many times, they have information that we don't have access to.

    And, many times, information is left out of posts. But, if you take the information you have, then apply the lease variables we give you, and come up with a price, that's likely good information.

    If you see a post that says: I got a $50K S60 for $350/mo.!! But, you don't have the math to go along with it, then that's not enough information to negotiate with.

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  • mrniepomrniepo Member Posts: 38
    Hi, does anyone know the current MF, residual, incentives for a '16 S60 T6 FWD in Southern CA. Thanks!
  • MichaellMichaell Moderator Posts: 255,468
    mrniepo said:

    Hi, does anyone know the current MF, residual, incentives for a '16 S60 T6 FWD in Southern CA. Thanks!

    Sorry, no December lease numbers for Volvo.

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  • flycatflycat Member Posts: 5
    edited December 2015
    Got 2016 s60 Inscription
    Convenience pkg
    BLIS
    MSRP 43k

    0 down, 10k miles/year, 39 month lease, $325/month, first 3 months on Volvo.
    Brought an extra warranty for wiper blades/rotor/brake pad for $5/month, which may not be useful. Not sure if I should decline that. Anyway, car is nice.

  • MichaellMichaell Moderator Posts: 255,468
    flycat said:

    Got 2016 s60 Inscription
    Convenience pkg
    BLIS
    MSRP 43k

    0 down, 10k miles/year, 39 month lease, $325/month, first 3 months on Volvo.
    Brought an extra warranty for wiper blades/rotor/brake pad for $5/month, which may not be useful. Not sure if I should decline that. Anyway, car is nice.

    Congrats! $325/mo (with tax?) is a sweet deal on a car that stickers for $43K

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  • bpvolvo8bpvolvo8 Member Posts: 7
    For those of you who say you got lease deals well under $400 per month can you please post the details of your deal (MSRP, sale price, money factor, residual, lease term, miles/yr, whether tax was included, what state you are in, and whether you made a down payment or had any trade-in)?
  • empknightempknight Member Posts: 1
    edited December 2015
    I've gotten the following deals this month, not sure which to take or if they are good deals.:
    All are premier trim and 0 down, nothing with tax

    Volvo S60 w/ sport 290/month
    Volvo S60 w/blis 305/month (not sure if sport, if it is this may seal the deal)
    Volvo S60 w/ Convenience, BLIS, Sport, and Heated Seats 320/month

    Volvo S60 Inscription w/ Convenience, BLIS, and Heated Seats 320/month

    I'm leaning towards the Inscription or finding a regular S60 model with just premier and blis at a reasonable rate.
  • steverstever Guest Posts: 52,454
    A reporter is looking to interview owners of the Volvo S60 Inscription. Please email PR@edmunds.com before January 4, 2016 with a few words about your experience with the car if you'd like to be considered for this interview.
  • shmuby1shmuby1 Member Posts: 2
    Does anyone have lease numbers(residual and money factor) for a 2016 S60 T6 R DESIGN Platinum?  Looking at 3 years 12k and I'm in Virginia if the location matters.

    Also, do the lease offers vary by dealer at all?  I was quoted some payment prices at my local dealer and they were a lot higher than what I get from the volvo website.
  • kyfdxkyfdx Moderator Posts: 257,167
    shmuby1 said:

    Does anyone have lease numbers(residual and money factor) for a 2016 S60 T6 R DESIGN Platinum?  Looking at 3 years 12k and I'm in Virginia if the location matters.

    Also, do the lease offers vary by dealer at all?  I was quoted some payment prices at my local dealer and they were a lot higher than what I get from the volvo website.

    We don't have the Volvo numbers for December.

    Leasing is just like buying. The selling price is negotiable. The payments are different, because some dealers are giving you a better deal.

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  • shmuby1shmuby1 Member Posts: 2
    kyfdx said:
    Does anyone have lease numbers(residual and money factor) for a 2016 S60 T6 R DESIGN Platinum?  Looking at 3 years 12k and I'm in Virginia if the location matters.

    Also, do the lease offers vary by dealer at all?  I was quoted some payment prices at my local dealer and they were a lot higher than what I get from the volvo website.
    We don't have the Volvo numbers for December. Leasing is just like buying. The selling price is negotiable. The payments are different, because some dealers are giving you a better deal.
    I was able to make the capitalized cost match what the dealer gave me, but the lease payments didn't match up.  The figures they used were 53% and .00061 for a 3 year 36k lease.  The payment I was quoted was 637, the website said 579.

    Only other thing is that they're paying 3 lease payments for me, and the website didn't mention that promotion.  I wonder if their calculator on the site amortizes that value over the other payments somehow.  That would almost match up in the total amount paid.
  • kyfdxkyfdx Moderator Posts: 257,167
    shmuby1 said:


    kyfdx said:

    shmuby1 said:

    Does anyone have lease numbers(residual and money factor) for a 2016 S60 T6 R DESIGN Platinum?  Looking at 3 years 12k and I'm in Virginia if the location matters.

    Also, do the lease offers vary by dealer at all?  I was quoted some payment prices at my local dealer and they were a lot higher than what I get from the volvo website.

    We don't have the Volvo numbers for December.

    Leasing is just like buying. The selling price is negotiable. The payments are different, because some dealers are giving you a better deal.

    I was able to make the capitalized cost match what the dealer gave me, but the lease payments didn't match up.  The figures they used were 53% and .00061 for a 3 year 36k lease.  The payment I was quoted was 637, the website said 579.

    Only other thing is that they're paying 3 lease payments for me, and the website didn't mention that promotion.  I wonder if their calculator on the site amortizes that value over the other payments somehow.  That would almost match up in the total amount paid.

    Can't really vouch for the website, or what assumptions their calculator makes.

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  • princebprinceb Member Posts: 3
    @empknight, are you able to pm me the dealer where you got those quotes? Seems to be a great deal and im looking to buy today or tomorrow! Tia!
  • princebprinceb Member Posts: 3
    Offered a 2016 S60 Inscription in SoCal

    Msrp: $42k
    Sale price: $35.3k
    Net cap cost: $34,500 (after conquest rebate)

    36 mo lease, 10k mi
    zero drive off
    first 3 month lease paid by Volvo

    monthly $300 + tax

    Is this a screaming buy or just solid?
    Appreciate fast input.

    Happy new year!
  • MichaellMichaell Moderator Posts: 255,468
    princeb said:

    Offered a 2016 S60 Inscription in SoCal

    Msrp: $42k
    Sale price: $35.3k
    Net cap cost: $34,500 (after conquest rebate)

    36 mo lease, 10k mi
    zero drive off
    first 3 month lease paid by Volvo

    monthly $300 + tax

    Is this a screaming buy or just solid?
    Appreciate fast input.

    Happy new year!

    $300/mo + tax for a $42K car is really good, especially with $0 due at signing and complimentary first three payments.

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  • princebprinceb Member Posts: 3
    So it came out to $290/mo + tax (they forgot to add 1% to residual from 56% to 57%) so ended up with an even better deal! With first 3 months paid, its equivalent to $265/mo+tax! A steal!!
  • heckman3heckman3 Member Posts: 7
    @princeb, could you pm me the dealer information? That's great price! I am also considering leasing s60.
  • tigersfmarintigersfmarin Member Posts: 1
    Could someone kindly provide updated leasing numbers for a 2016 Volvo S60 T5 Platinum Inscription at 12/36? Are the numbers different for the 2016 S60 T5 Platinum (non-inscription)? Thank you.

    As a separate question, is there a sense that the Inscription handles differently than the non-inscription wheelbase or is it just about leg room in the back?
  • kyfdxkyfdx Moderator Posts: 257,167

    Could someone kindly provide updated leasing numbers for a 2016 Volvo S60 T5 Platinum Inscription at 12/36? Are the numbers different for the 2016 S60 T5 Platinum (non-inscription)? Thank you.

    As a separate question, is there a sense that the Inscription handles differently than the non-inscription wheelbase or is it just about leg room in the back?

    Sorry... we don't have any Volvo numbers for January

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  • lb530529lb530529 Member Posts: 106
    Any luck on the numbers this month?
  • MichaellMichaell Moderator Posts: 255,468
    lb530529 said:

    Any luck on the numbers this month?

    Nope.

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  • sallyiggsallyigg Member Posts: 12
    Thoughts on this deal - 2016 volvo s60 t5 premier in North Carolina with 12k mileage:

    Net cap cost - $37,760
    Residual - $22,783
    Acq fee - $695
    Security deposit - 0
    Incentives - $1850, $750
    Money factor - 55%
  • MichaellMichaell Moderator Posts: 255,468
    sallyigg said:

    Thoughts on this deal - 2016 volvo s60 t5 premier in North Carolina with 12k mileage:

    Net cap cost - $37,760
    Residual - $22,783
    Acq fee - $695
    Security deposit - 0
    Incentives - $1850, $750
    Money factor - 55%

    No numbers from Volvo this month.

    What is the payment?

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  • sallyiggsallyigg Member Posts: 12
    0 down - $461-481/month
    2073.34 down - $ 400-420/month
  • MichaellMichaell Moderator Posts: 255,468
    sallyigg said:

    0 down - $461-481/month
    2073.34 down - $ 400-420/month

    Seems expensive for a Volvo.

    We don't have the Volvo numbers this month, so it's hard for us to fully evaluate your deal.

    What is the MSRP and net cap cost?

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  • sallyiggsallyigg Member Posts: 12
    Retail - $41,425
    Sales price - $38,656
    Savings - $2,769
    gov't fees - $89
    Doc fees - $399
    Capitalized taxes - $166.27
    Acq fee - $695
    Gross cap cost - $39,517.28
    Rebate - $2,600
    Cash down - $3,792.18
    Net cap cost - $33,975.06

    This is in North Carolina
  • MichaellMichaell Moderator Posts: 255,468
    sallyigg said:
    Retail - $41,425 Sales price - $38,656 Savings - $2,769 gov't fees - $89 Doc fees - $399 Capitalized taxes - $166.27 Acq fee - $695 Gross cap cost - $39,517.28 Rebate - $2,600 Cash down - $3,792.18 Net cap cost - $33,975.06 This is in North Carolina
    We don't recommend making a down payment on a lease - that money is at risk if the car is stolen or totaled. 

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  • sallyiggsallyigg Member Posts: 12
    Understood.

    On the worksheet, it also says, term 36 months, residual 55%, 0 down - 461-481/month.

    What do I need to get them to lower?
  • MichaellMichaell Moderator Posts: 255,468
    sallyigg said:
    Understood. On the worksheet, it also says, term 36 months, residual 55%, 0 down - 461-481/month. What do I need to get them to lower?
     There are only two variables in a lease calculation – the selling price and the money factor. Negotiate the lowest selling price you can. Unfortunately, we do not have the Volvo lease numbers to tell you if the money factor the dealer is using is inflated or not. 

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  • kpajd123kpajd123 Member Posts: 5
    Michaell said:


    sallyigg said:

    Understood.

    On the worksheet, it also says, term 36 months, residual 55%, 0 down - 461-481/month.

    What do I need to get them to lower?

     There are only two variables in a lease calculation – the selling price and the money factor. Negotiate the lowest selling price you can. Unfortunately, we do not have the Volvo lease numbers to tell you if the money factor the dealer is using is inflated or not. 

    Hello Michaell - Do you have lease numbers on the Volvo S60 for January? I am looking into leasing a Volvo, and am curious of MF and residuals for January for the S60 T5 AWD. Thank you.
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