Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2017 Volvo S60 Lease Questions

kyfdxkyfdx Posts: 53,638
edited August 2016 in Volvo
Ask your 2017 S60 lease questions here!

MODERATOR

Prices Paid, Lease Questions, SUVs

«13

Comments

  • ashleigh919ashleigh919 New YorkPosts: 48
    I'll start the discussion! One dealer today claimed they can get me into a regular 2017 S60 at the same or better than a 2016 cross country since they're out. They have a few more on the way, so they're looking for the invoices on those and will get back to me.

    In the meantime, so I know, I need the numbers, both 24/15 and 36/15 on a Dynamic AWD and an Inscription AWD, in NY.

    Are there any incentives on 2017s?

    I want to make sure the residuals, MFs, and overall lease numbers I'm given match up.

    Thanks.
  • kyfdxkyfdx Posts: 53,638

    I'll start the discussion! One dealer today claimed they can get me into a regular 2017 S60 at the same or better than a 2016 cross country since they're out. They have a few more on the way, so they're looking for the invoices on those and will get back to me.

    In the meantime, so I know, I need the numbers, both 24/15 and 36/15 on a Dynamic AWD and an Inscription AWD, in NY.

    Are there any incentives on 2017s?

    I want to make sure the residuals, MFs, and overall lease numbers I'm given match up.

    Thanks.

    Dynamic: .00001 MF and 57%/51% residual
    Add 1% for Inscription
    $1200 lease bonus

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • ashleigh919ashleigh919 New YorkPosts: 48
    Thank you. Unless they discount the car by about $7,000 on top of the incentive, and I go to 36 months, I'm not sure how they can come close to where I need to be monthly. I'm still waiting to hear back.
  • karate19karate19 Posts: 15
    Please comment on this offer:

    2017 AWD S60 Inscription in NY
    Bliss
    Convenience
    Heated Seats
    Metallic paint

    12K miles
    36 months
    Total Adjusted Capitalized Cost $36,923.83

    Monthly payment including taxes $464.59

  • kyfdxkyfdx Posts: 53,638
    karate19 said:

    Please comment on this offer:

    2017 AWD S60 Inscription in NY
    Bliss
    Convenience
    Heated Seats
    Metallic paint

    12K miles
    36 months
    Total Adjusted Capitalized Cost $36,923.83

    Monthly payment including taxes $464.59

    What is the MSRP?

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • ashleigh919ashleigh919 New YorkPosts: 48
    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!
  • MichaellMichaell ColoradoPosts: 43,064

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • ashleigh919ashleigh919 New YorkPosts: 48
    edited September 2016
    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
  • MichaellMichaell ColoradoPosts: 43,064

    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
    All I show is $2350 lease bonus.

    24/15 - .00015 and 57%. Extra $1400 in lease cash for 24 month term.

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • ashleigh919ashleigh919 New YorkPosts: 48
    Michaell said:

    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
    All I show is $2350 lease bonus.

    24/15 - .00015 and 57%. Extra $1400 in lease cash for 24 month term.
    Michaell said:

    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
    All I show is $2350 lease bonus.

    24/15 - .00015 and 57%. Extra $1400 in lease cash for 24 month term.
    Thanks for answering almost immediately!

    I worked it back to the actual cap. cost being $37,480, net of the incentive. 24 months would put me at $424 + $51 tax, or $465 a month. If I can get them to knock the price down to $36,000, 24 months is $362 + $45.83 in tax, which is ideal -- both pricewise and because it's 24 months.

    These are pretty good deals for a 2017, correct? Other dealerships offered me $470, $490, and over $500.
  • MichaellMichaell ColoradoPosts: 43,064

    Michaell said:

    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
    All I show is $2350 lease bonus.

    24/15 - .00015 and 57%. Extra $1400 in lease cash for 24 month term.
    Michaell said:

    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
    All I show is $2350 lease bonus.

    24/15 - .00015 and 57%. Extra $1400 in lease cash for 24 month term.
    Thanks for answering almost immediately!

    I worked it back to the actual cap. cost being $37,480, net of the incentive. 24 months would put me at $424 + $51 tax, or $465 a month. If I can get them to knock the price down to $36,000, 24 months is $362 + $45.83 in tax, which is ideal -- both pricewise and because it's 24 months.

    These are pretty good deals for a 2017, correct? Other dealerships offered me $470, $490, and over $500.
    424 + 51 = 475

    Yes, these look like decent discounts for 2017's

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • ashleigh919ashleigh919 New YorkPosts: 48
    Michaell said:

    Michaell said:

    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
    All I show is $2350 lease bonus.

    24/15 - .00015 and 57%. Extra $1400 in lease cash for 24 month term.
    Michaell said:

    Michaell said:

    Okay, let's see if I am finally getting a half decent deal. It's impossible to find a 2016, and a dealer is working with me on a 2017. The numbers are different than what @kyfdx said for the MF and residual. I'm almost where I need and want to be, but I'd like opinions, please!

    I was told the dynamic isn't a good deal right now, so I'm going with a T5 AWD Inscription:
    MSRP: $41,675
    Selling price after incentives and everything (said he was cutting off holdback, too): $35,130 (if I remember correctly)
    MF: 0.00015 (thought it was 0.00001?)
    Residual: 51% (thought it was 52%?)

    He said 36 months was much better than 24 months, so I wasn't given numbers for that -- $429, including 8.375% NY tax (taxed on all incentives and entire lease cost).

    First month and dealer fee out of pocket, approx. $1,000.

    I wanted it to be no more than $400, but the internet manager told me they usually cut better deals once you're there in person, so I'll go there tomorrow once I'm back in town.

    Thoughts on the deal? Thanks!

    .00015 is the correct MF for the Inscription AWD. 51% for 36/15.

    Your prices give me $394/mo before tax. What is the adjusted cap cost?
    Thanks; that's what I calculated, too, with about $34.81 in tax. What are the numbers for 24/15, just to confirm that they won't come to a better payment? I'm excited and happy to FINALLY be bringing this to a close!

    The adjusted cap. cost should be $35,130, the selling price, which is net of incentives and dealer discounts.

    How much are the incentives now? I've gotten conflicting information about there being conquest money available, too.
    All I show is $2350 lease bonus.

    24/15 - .00015 and 57%. Extra $1400 in lease cash for 24 month term.
    Thanks for answering almost immediately!

    I worked it back to the actual cap. cost being $37,480, net of the incentive. 24 months would put me at $424 + $51 tax, or $465 a month. If I can get them to knock the price down to $36,000, 24 months is $362 + $45.83 in tax, which is ideal -- both pricewise and because it's 24 months.

    These are pretty good deals for a 2017, correct? Other dealerships offered me $470, $490, and over $500.
    424 + 51 = 475

    Yes, these look like decent discounts for 2017's
    Thanks, my breaking point is $420, which is what I was offered for 36 months anyway, including tax. I'm headed out there now (about 40 miles away) to get them to come down a bit. I'll report back! I appreciate all the help through the craziness.
  • ashleigh919ashleigh919 New YorkPosts: 48
    edited September 2016
    Final report (originally was $429 for car that was a little less):

    MSRP: $41,880
    T5 Inscription AWD with BLIS, heated seats, tempa spare (the one on the lot had it, not charged for it), and sunglass holder 

    Selling price after discounts and incentives: $35,180

    MF: 0.00015

    Residual: 51%

    36/15, and if I'm over my miles with 6 months left, I can get out of the lease. (I really wanted 24 months, but even with the $1,400 bonus, the numbers weren't great.)

    $414 a month, including NY tax at 8.375%, which is also on all the incentives.

    Out of pocket at inception: $1000-ish = first payment, bank fee, license, registration, etc. 

    Invoice is $39,600; incentives are $2,350. I got another $2,100 off after that. Not bad on a 2017. If anyone needs dealer/salesperson info., let me know. He was great and no-haggle whatsoever.
  • MichaellMichaell ColoradoPosts: 43,064

    Final report (originally was $429 for car that was a little less):

    MSRP: $41,880
    T5 Inscription AWD with BLIS, heated seats, tempa spare (the one on the lot had it, not charged for it), and sunglass holder 

    Selling price after discounts and incentives: $35,180

    MF: 0.00015

    Residual: 51%

    36/15, and if I'm over my miles with 6 months left, I can get out of the lease. (I really wanted 24 months, but even with the $1,400 bonus, the numbers weren't great.)

    $414 a month, including NY tax at 8.375%, which is also on all the incentives.

    Out of pocket at inception: $1000-ish = first payment, bank fee, license, registration, etc. 

    Invoice is $39,600; incentives are $2,350. I got another $2,100 off after that. Not bad on a 2017. If anyone needs dealer/salesperson info., let me know. He was great and no-haggle whatsoever.

    Congrats! I know the process was an bit painful, but in the end you got what you wanted.

    Enjoy your new Volvo.

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • ashleigh919ashleigh919 New YorkPosts: 48
    Michaell said:

    Final report (originally was $429 for car that was a little less):

    MSRP: $41,880
    T5 Inscription AWD with BLIS, heated seats, tempa spare (the one on the lot had it, not charged for it), and sunglass holder 

    Selling price after discounts and incentives: $35,180

    MF: 0.00015

    Residual: 51%

    36/15, and if I'm over my miles with 6 months left, I can get out of the lease. (I really wanted 24 months, but even with the $1,400 bonus, the numbers weren't great.)

    $414 a month, including NY tax at 8.375%, which is also on all the incentives.

    Out of pocket at inception: $1000-ish = first payment, bank fee, license, registration, etc. 

    Invoice is $39,600; incentives are $2,350. I got another $2,100 off after that. Not bad on a 2017. If anyone needs dealer/salesperson info., let me know. He was great and no-haggle whatsoever.

    Congrats! I know the process was an bit painful, but in the end you got what you wanted.

    Enjoy your new Volvo.
    Thank you so much again for all the help, as well as to you @kyfdx!

    I wanted to give the final report after I picked up the car on Friday (I had to wait because I actually still have my Fusion, since the lease transfer paperwork was just completed and taken out of my name Tuesday, so now the DMV has to issue plates to the new person, but who knew what October leasing terms would be? Since I knew it was signed and sealed, it was okay for me to get my Volvo on Friday. :smile: ) Of course, right before I picked mine up, they got in a car with Beechwood, which is what I wanted, but I wasn't going to switch everything and drive them crazy, plus that one had metallic paint and a higher MSRP, and I'm paying $30 more than my max as it is!

    So, final terms are as follows (we didn't realize the drive-off was $500 more than I was quoted, but it makes sense, since I was paying the bank fee up-front, and I said "whatever" at that point:

    2017 S60 Inscription AWD - BLIS - Heated Seats - Spare tire (came with that, so had no choice; realizing convenience package might have been key because I need a tiny key fob to get in and out of my garage, and the key needs to be inserted without keyless drive!)

    MSRP: $41,880
    Gross Cap. Cost: $35,110
    Taxes at 8.375%: $1,193.75 (NY requires them up-front but I finance them because you don't get them back if something happens to the car. Equal to $33.16 a month.)
    Adj. Cap. Cost, including tax and $995 bank fee: $37,298.83
    Cap. Cost Reduction after drive-off: $808.50
    Final adj. cap. cost: $36,490.33
    Residual at 51% (15k miles): $21,358.80
    MF: 0.00015

    Paid at drive-off: $1,581.50, including first-month, bank fee, registration $75 doc. fee, inspection, NY tire fee, etc.

    Payment: $429

    Considering my tax rate and that I have 15,000 miles, that's not a bad deal at all.
  • MichaellMichaell ColoradoPosts: 43,064

    Michaell said:

    Final report (originally was $429 for car that was a little less):

    MSRP: $41,880
    T5 Inscription AWD with BLIS, heated seats, tempa spare (the one on the lot had it, not charged for it), and sunglass holder 

    Selling price after discounts and incentives: $35,180

    MF: 0.00015

    Residual: 51%

    36/15, and if I'm over my miles with 6 months left, I can get out of the lease. (I really wanted 24 months, but even with the $1,400 bonus, the numbers weren't great.)

    $414 a month, including NY tax at 8.375%, which is also on all the incentives.

    Out of pocket at inception: $1000-ish = first payment, bank fee, license, registration, etc. 

    Invoice is $39,600; incentives are $2,350. I got another $2,100 off after that. Not bad on a 2017. If anyone needs dealer/salesperson info., let me know. He was great and no-haggle whatsoever.

    Congrats! I know the process was an bit painful, but in the end you got what you wanted.

    Enjoy your new Volvo.
    Thank you so much again for all the help, as well as to you @kyfdx!

    I wanted to give the final report after I picked up the car on Friday (I had to wait because I actually still have my Fusion, since the lease transfer paperwork was just completed and taken out of my name Tuesday, so now the DMV has to issue plates to the new person, but who knew what October leasing terms would be? Since I knew it was signed and sealed, it was okay for me to get my Volvo on Friday. :smile: ) Of course, right before I picked mine up, they got in a car with Beechwood, which is what I wanted, but I wasn't going to switch everything and drive them crazy, plus that one had metallic paint and a higher MSRP, and I'm paying $30 more than my max as it is!

    So, final terms are as follows (we didn't realize the drive-off was $500 more than I was quoted, but it makes sense, since I was paying the bank fee up-front, and I said "whatever" at that point:

    2017 S60 Inscription AWD - BLIS - Heated Seats - Spare tire (came with that, so had no choice; realizing convenience package might have been key because I need a tiny key fob to get in and out of my garage, and the key needs to be inserted without keyless drive!)

    MSRP: $41,880
    Gross Cap. Cost: $35,110
    Taxes at 8.375%: $1,193.75 (NY requires them up-front but I finance them because you don't get them back if something happens to the car. Equal to $33.16 a month.)
    Adj. Cap. Cost, including tax and $995 bank fee: $37,298.83
    Cap. Cost Reduction after drive-off: $808.50
    Final adj. cap. cost: $36,490.33
    Residual at 51% (15k miles): $21,358.80
    MF: 0.00015

    Paid at drive-off: $1,581.50, including first-month, bank fee, registration $75 doc. fee, inspection, NY tire fee, etc.

    Payment: $429

    Considering my tax rate and that I have 15,000 miles, that's not a bad deal at all.
    Congrats again! Thanks for sharing your deal details with us.

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • Will appreciate money factor, residual and any bonus/lease/loyalty cash for 2017 Volvo S60 Inscription T5 AWD Platinum, 24 months, 10,000 miles/year. Thank you very much.
  • kyfdxkyfdx Posts: 53,638
    whodunits said:

    Will appreciate money factor, residual and any bonus/lease/loyalty cash for 2017 Volvo S60 Inscription T5 AWD Platinum, 24 months, 10,000 miles/year. Thank you very much.

    .00015 MF and 60% residual
    $750 Volvo allowance
    $2100 lease bonus
    $1400 24-month lease bonus

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • Where is dealership in NY with 429 price
  • kyfdx said:

    .00015 MF and 60% residual
    $750 Volvo allowance
    $2100 lease bonus
    $1400 24-month lease bonus

    Thank you very much, @kyfdx
  • ashleigh919ashleigh919 New YorkPosts: 48
    cherbar said:

    Where is dealership in NY with 429 price

    I don't know if I'm allowed to post that information here; please let me know, either @kyfdx or @Michaell, If I remember correctly, I might be able to post the dealership name, but not individual salesperson information?
  • MichaellMichaell ColoradoPosts: 43,064

    cherbar said:

    Where is dealership in NY with 429 price

    I don't know if I'm allowed to post that information here; please let me know, either @kyfdx or @Michaell, If I remember correctly, I might be able to post the dealership name, but not individual salesperson information?
    You can post both dealer and salesman name; just no contact info.

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • ashleigh919ashleigh919 New YorkPosts: 48
    Michaell said:

    cherbar said:

    Where is dealership in NY with 429 price

    I don't know if I'm allowed to post that information here; please let me know, either @kyfdx or @Michaell, If I remember correctly, I might be able to post the dealership name, but not individual salesperson information?
    You can post both dealer and salesman name; just no contact info.
    Thanks for the clarification, @Michaell! My salesperson was Boris Rakhman, and I went to Glen Cove Volvo. Even though it's on Long Island, and I live in Westchester, the leasing process was still very easy and uncomplicated. It was no pressure, no haggling -- so great! Feel free to tell them Ashleigh sent you. :smile:
  • do you have money factor, residual and any bonus/lease/loyalty cash for
    2017 Volvo S60 Inscription T5 FWD Platinum,
    24 months, 10,000 miles/year.
    36 months, 10,000 miles/year?
    Thanks

  • kyfdxkyfdx Posts: 53,638
    yun520cn said:

    do you have money factor, residual and any bonus/lease/loyalty cash for
    2017 Volvo S60 Inscription T5 FWD Platinum,
    24 months, 10,000 miles/year.
    36 months, 10,000 miles/year?
    Thanks

    .00001 MF and 58%/52% residual.
    $2100 lease bonus + $1400 24-month lease bonus

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • hi
    first time here and new volvo owner. i wish i came here before I leased.
    In Michigan new, loaded 2016 T5 FWD Premier Drive E with tech, blis, 19" wheels, climate, convenience, metallic.

    MSRP was $45080.
    I put down a $7,000 trade.
    36 months /15,000 per year, $400 per mo, with first 3 payments by volvo.

    I know nothing about mf or residual.

    I do know we like this car alot and dealership was real nice and efficient.

    is my deal reasonable?

    thanks

  • MichaellMichaell ColoradoPosts: 43,064
    thehornet said:

    hi
    first time here and new volvo owner. i wish i came here before I leased.
    In Michigan new, loaded 2016 T5 FWD Premier Drive E with tech, blis, 19" wheels, climate, convenience, metallic.

    MSRP was $45080.
    I put down a $7,000 trade.
    36 months /15,000 per year, $400 per mo, with first 3 payments by volvo.

    I know nothing about mf or residual.

    I do know we like this car alot and dealership was real nice and efficient.

    is my deal reasonable?

    thanks

    Hard to say ... do you know what the selling price was?

    We recommend against using trade equity as a down payment ...

    But, in 3 years you'll know to come here first!

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • Car msrp was $45080 and I rthink selling price was $39000. The buyout is $20000 in 3 years.
    It is our first volvo. I went with this because most dealers offered me $6,000 on my prius, this dealer went $7,000. WE love the car. Nicest car we every owned. Crystal white, 19" wheel package and I am addicted to the adaptive cruise. I figured dump the prius and $400 a month for 3 years plus we got 15,000 miles per year.

    I probably paid a bit too much? But Im not good at dealerships. They are a sly bunch.

    thank you,
    toby
  • MichaellMichaell ColoradoPosts: 43,064
    thehornet said:

    Car msrp was $45080 and I rthink selling price was $39000. The buyout is $20000 in 3 years.
    It is our first volvo. I went with this because most dealers offered me $6,000 on my prius, this dealer went $7,000. WE love the car. Nicest car we every owned. Crystal white, 19" wheel package and I am addicted to the adaptive cruise. I figured dump the prius and $400 a month for 3 years plus we got 15,000 miles per year.

    I probably paid a bit too much? But Im not good at dealerships. They are a sly bunch.

    thank you,
    toby

    Nice car ... congrats and enjoy!

    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

    Need help navigating? michaell@edmunds.com - or send a private message by clicking on my name.

    Share your vehicle reviews

  • Good Morning, I am looking for November lease numbers for the following in Illinois:

    2017 S60 T5 FWD Inscription Platinum 24/15 & 36/15
    2017 S60 T5 AWD Inscription Platinum 24/15 & 36/15
    2017 S60 T6 24/15 & 36/15

    Also I have a vehicle I would be trading in with roughly $10K of equity. If you don't recommend rolling that into the lease what would my options with a dealer be, just getting a check? I have considered selling to a third party such as Carmax as they advertise a cash payment, what would you suggest? thanks.
«13
Sign In or Register to comment.