Volvo S60 Prices Paid and Buying Experience
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I'm being told by my dealer that they can't guarantee a price for an ordered unit because Volvo won't lock-in the incentive discount. In other words, if I order a car, if there is any incentive discount, it will be whatever is in effect at time of delivery, not when the order is placed. I was hoping to take advantage of the $2250 cash to dealer incentive that is currently in place for '06's.
I guess I understand that they want the incentives to apply to units already in the showrooms, but for cars like the R that aren't usually stocked, it means I've got to roll the dice for my final price.
Sorry, no can do.
It's a bargain for buyers willing to put up with the reliability issues and rapid depreciation, but who really value and can appreciate high performance cars like the R's. Even the automatic for 2006 is finally getting close to the manual in acceleration.
1. Is the current incentive likely to be renewed once again for Sept.?
2. When negotiating a purchase price, should I aim at the carsdirect.com price or an x amount lower than that?
31.6k on a 39.3k car (31.1k invoice). It included Premium, DSTC, Air Sensor, Weather, Sport, Convience, Park Assist. Touring, Xenon, Satellite Prep, and paint. This was 500 over invoice. 5500 Manufacturer buy-down rebate + plus dealer discount. I went through the internet dept.
I was going to buy the 3 series, but in the end it was too pricy- I even put a 1k deposit down.
Love the car. Turbo good...!
2005 S60R MSRP of $42,165 Selling price: $35,005
36 months @ 12K/yr
Residual is: $19,395
I believe the money factor is .0021
Acquisition is $1000 I think that's WAY too high!
cash down is $3,607 ($1,000 for the ACQ fee, $2,000 from me, and $120 in fees, plus the first payment of $488.07
Seems fair, but I guess I'm not 100% or I would not be here!
extended warranty $1400 for total 7 years 160,000 km (exp Aug 08)
cold weather/premium black on taupe 30,000 miles
one lease owner...
Good price ?
Total tax and all 28k CDN.
they have it for sale for $31,990
shouldn't they knock more off for an 05??
I would say you could squeeze more out of them.
Here is it:
S60 2.5 T w/ premium package - MSRP:$34k
36 mos lease @12k miles/yr
$1495 due at inception - $999 CAP, fees + first month + tax, title, etc.
$19k purchase price after lease end
Any tips or input you could give me would be wonderful!
Your terms are a bit different, however, since yours includes the premium pack and 12k miles vs. the 10,500 advertised.
You listed the MSRP, but what is the actual cap cost before your $999 cap cost reduction?
'94 Pajero 2.8TD, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '21 WRX, '20 S90 T6, '22 MB Sprinter 2500 4x4 diesel, '97 Suzuki R Wagon, '92 325i, '97 Alto Works, '96 Opel Astra, TWO 4wd '97 Pajero Minis (1 turbo auto and 1 N/A manual); Wagoneer L on order; and in queue for Lucid Air Pure, Blazer EV, and Fisker Ocean.
I'm considering few cars right now and have been intrigued by the Volvo S60R. I haven't test drove this thing yet, never really considered Volvo for its rather boring statue. As I said, the S60R seem to be getting good enough reviews and considering the only other option I have in this price range and size would be Acura TL (I like this car but there are so many on the road I'd rather stand out a bit more with my car, is it shallow, selfish, whatever, that's what I want). In any case, quote I got from one of the NJ dealers follows:
2006 S60R Climate package, Automatic, metallic paint
doc fee $125
tire tax $7.50
It's a pretty basic config, I don't care much for the CD changer or the sunroof in the premium package. Other thing I might be interested in would be the sport body package but it seems pricey and if the plain one looks good enough I won't bother unless someone here can convince me otherwise. So, is the above a good enough price or are they low balling me ? With these huge incentives/cash back etc. it's hard to figure out how low the dealers can actually go...
Anyway, I will now have real tough time deciding on whether I can afford to skip this car for the TL. If I only could get the extended warranty on the S60R that wouldn't cost me too much, I would much rather drive it off the dealer's lot than the TL. Anyone has any input on how much I could deal, if this is even possible, on extended warranties ? I got a quote for something around $1,700 for 4 year/75k miles, and over $1,800 for 5 year/100 miles. Can these be negotiated ?
Thanks everyone, I'm really happy with waiting on my next purchase as this S60R has made some REAL nice impressions on me.
I decided, or rather by influence of my wife, that I will most probably not get this car. The issues of the very poor turning radius in this car, and the fact of not so great reliability do not bode well with my wife's view of a luxury car. I can't really argue with her about it, especially after reading some posts on these issues.
As some stated, driving straight line in this car is a blast, the interior quality seems luxurious to me, the outside styling is nice, too bad those other few things keep it from my reach for now. I wish they did some redesign for 2007 as far as the turning radius, maybe even made it a bit more distinct from standard S60, and if by then I don't have a new car I would definately give it another shot.
However, I do own a 2004 S60R and it has been bulletproof.
It does have a large turning radius, a combination of a wider than normal AWD car with wide tires.
I average a U Turn every 3 months so its not an issue for me.
The warranty adds $1100 to the price of the car, and dealers on average sped another $1000 reconditioning the used cars to the certified standard.
A certified 02 S60 is probably going to sell anywhere from the mid teen to low 20's depending on the model and mileage.
That is great information..
Edmunds Price Checker
Edmunds Lease Calculator
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The $36,000 included: Premium, Climate, Convienance, and Sport Packages; as well as 18" Pegasus wheels, Sirius prep, and air filtration. I think the only thing it did not have was navigation - which I all ready have a Magellan.
Very happy w/ the price (Sticker was almost 49,000) and the dealer located the exact interior/exterior combo I wanted.
Hope this is of some help to potential buyers. I did take much negotiation.. and the average quote I received was $37,800 but did not include the Pegasus wheels or Sports Package.
I think I got a lot of car for the price.
I live in the Detroit area, and as Volvo is Ford, the delears always want to use X,Y,Z,A plans, and since I'm not in the industry, I find it difficult to negotiate without these pricing plans.
Is anyone out there able to steer me in the right direction? Am I being reasonable to purchase a car that has been on the market for several years at this price? I'm planning on purchasing at the end of June, which I hear is a good time, because dealers are trying to meet half-year quota's?
Most dealers only carrry one at a time, if they have any at all.
Second, if you do find one, you should be able to buy it for invoice minus the rebate, which is currently $4000.
If I were you, I would get one sooner rather than later.
These cars are rare and not easily replaceable. Dealers are done getting 06's for the most part.
Volvo doesn't do "quotas" so, waiting to buy in June probably won't net you anything.
The trick will be to find the car. They are only built in black or white, so you don't have alot of choice anyway.
The S60 really doesn't have any real drawbacks. Like any car it has its weak points. The view out the back can be difficult for shorter people. The turning radius is big, like any front wheel drive cars. I don't like the cloth seats, I miss the old Volvo velour seats. But, it is alot of car for the $$
Given the current pricing on awd sedans such as G35x (under $30k) and Legacy GT (about $25k), it might be worth considering a 60R... Hmmmm.
OTD price is $26000 even.
What do You guys think? A good deal?
"Got a S60 Base model (cloth) $24150 at Edison, NJ, (invoice -4000-1350 discount)."
Is this a good lease deal?
Net Cap Cost-$26,477
Monthly Lease Payment-$365
Due on Delivery
1st years fees-261
Other Upfront costs-777
Total due at Signing-$2,267.
1. Is this a good deal? If not, what would you think the payment should be?
2. If I wait until August 1st, I would think dealers
would have better lease rates since they want to unload
2006 models before 2007's come in. Should rates be better in August?
3. What would you think a lease payment would be on a 2007 S60 AWD($38,000 price) if I can get the 2006 S60 at $365/month for 36 months?
Great leases are available on the '07 Volvo 2.5T ASR (FWD) with the premium package and the climate package--$279/mos (red or white) or $289 mos (metallic paints)--for a 36mos/12K mile lease w/no cap cost--a hair over $2K including your taxes up front--so you really pay about $1,300 for true inception costs and the leases are about $299 and $309 respectively when you factor in the taxes you paid up front (you would have paid out about $20/mos for the taxes had you not paid them up front so those are the numbers you get when you "add them in" on a monthly basis). Hope this helps you out.
I recently bought a 2006 loaner volvo S60 2.5 T for $25K from a dealer in North east after much negotiation. They got it certified with 6 yrs 100,000 miles for additional $1200 ,but I declined extended warranty.
Not sure a smart move or not. What do you think of the price I paid?. Please share your opinions.I appreciate any input on this.
Thanks in advance.
1. Am I better off buying or leasing? I plan on keeping it for a long time. The car will be used for a business purpose so a lease would be 100% tax-deductible but I am not sure this matters vs a buy cost over 8-10 years. I could run up more than 15k miles/year on it.
1a. Assume the buy is all cash
1b. Assume the buy is through a low interest-rate financing
1. When buying a demo, how do I calculate a fair discount given the mileage?
2. Edmunds.com says the current incentives in my arean 2006 S60R are 2k cash + 3k marketing support. Would an offer of invoice - 5K be accepted by the dealer? Can I go lower?
3. Manufacturer's Discount Price
Does anyone know what Item 3 is?
Also, what are the current incentives on the 06 & 07 S60's??
Major Packages Retail
Manufacturer's Discount Price $2,995 $2,575
Assuming you got the same level of equipment, you did well...especially since a new S60 carries of a MRSP about $10,000 higher than what you paid.
My own experience has been that low milage used or demo cars are generally the way to go, since you let someone else pay for the depreciation. If you are willing to be flexible about the equipment, and take what you get, you should be in good shape.
I also looked at a Saab 9-3, which seemed to be a nice car, but even thought the dimensions are roughly the same, the Saab felt like a much smaller car than the Volvo.
It's my first Volvo, so hopefully I made a good choice.
The price sounds reasonable, because around here (Wisconsin), they don't deal much.
I'm thinking of buying a certified pre-owned volvo S60 (possibly 2003,2004 or a 2005 model; FWD; standard transmission).
Any tips on what to check for or what are common problems that I should know about when considering this car? I'm also interested in your impressions concerning repair frequency, driving experience, and reliability. I'm planning on keeping this car for ten+ years. Is this car a wise choice in this case?
Thanks for any insights you can give!