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Volvo S60 Prices Paid and Buying Experience

Kirstie_HKirstie_H Posts: 11,077
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  • lurkerlurker Posts: 9
    I hope Volvo will reconsider their pricing incentive policy on ordered cars.

    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.
  • heywood1heywood1 Posts: 850
    With most manufacturers, the ultra-high-performance models (like Volvo's 'R') are excluded from--or have reduced--incentives. Find an 'R' in dealer inventory and make your best deal-- even if it's your second color choice.
  • stchiustchiu Posts: 2
    My girlfriend is looking for a S60 with Premium package. I live in the Bay Area. Just wonder anybody bought a S60 recently and how much they paid.

  • lurkerlurker Posts: 9
    Fortunately, it's still a buyers market for the R cars. Yes, they are included in the incentive programs including marketing cash to dealers, and yes, they can be bought for a reasonable amount over invoice. Also, if 2006 is anything like 2005, the incentives may increase throughout the year.

    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.
  • robber1robber1 Posts: 2
    I'm expecting to buy a S60 T5 over the next week or two, now two quesitons regarding pricing:
    1. Is the current incentive likely to be renewed once again for Sept.?
    2. When negotiating a purchase price, should I aim at the price or an x amount lower than that?
  • In May I bought a new S60, however I got the base model with a list price of 28,950.00 for about 20,000. They offered a 5000 discount and then I did some talking to get it down. They also gave me a great deal on my trade in. Not sure if that helps or not. I know they wanted to get rid of the car since it is not loaded but to me a Volvo is a Volvo, I don't need all the extras.
  • I drove from Colorado to buy one of the last new '05 T5, HP Turbo, 6 speed manuals in San Jose from Smythe Volovo. We negotiated beforehand and the deal was straight forward. Painless. I am still trying to get some of the financing oddities of inerstate buying worked out, but the dealership has promised to work in good faith. They were straight forward on the purchase, so they have some of my trust.

    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...!
  • lurkerlurker Posts: 9
    Yes, the incentive is likely to be renewed. For 2006 models, you should be able to get at least the carsdirect price, but most dealers will agree to $300 over invoice less the incentive, which is almost $2000 under invoice, and no doc fees. The incentive may increase later.
  • urnutsurnuts Posts: 15
    Wondering how good this lease deal is;
    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!
  • What do you think ?

    23,100 CDN
    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.

  • sticker: $38,680

    they have it for sale for $31,990
    ($6,690 off)
    shouldn't they knock more off for an 05??
  • Looking at an 06 AWD with premium, climate, and convenience package. MSRP of $37,880 with incentive of $2,995 on premium package. Also offered on ED plan. Offer ends 12/31 and must pick up car by 2/28 if doing ED. Awfully cold in Sweden in February! Is this type of incentive always offered by Volvo or is this the best that it gets?
  • It depends on the rebates being offered at the time. Rebates usually last 30 days. Find out what it is right now then subtract that from invoice. Dealers have a cheat sheet. That should be your starting negotiating point. Don't buy into Ford's "X" plan as it will probably cost more. Be sure to find out how popular the particular model is in the area where you live. That impacts price as well. AWD drive is much more popular than front in the CO front range area. Is it a T5? I have only seen one other T5, but a bunch of old ladies driving R's- go figure...?!

    I would say you could squeeze more out of them.

    Good Luck
  • If you wait until the late summer, you will get a better deal by a little bit. In July 05, they offered 6k off of s60's, in Aug. 5k. Interestingly enough, Edmund's did not list the rebates for August at least. If I remember, ED offers 1 to 2 k off of the purchase price so that is 4 to 5 k off total. Pretty good if you plan on taking a vacation anyways since they pick up the two tickets to the great white north. Good luck Nanook :shades:
  • hfshfs Posts: 1
    I bought an S60 2.5T at actual dealer's invoice minus the $3500.00 incentive. The dealer wouldn't let go of the standard hold back, but there were no "advertising" fees included in the invoicing. I probably could have held out to get a reduction on the standard hold back, but what's another $300.00 when you're already $3500.00 under the dealer's invoice? :)
  • This is my first lease experience and before committing, I wanted to make sure that I am getting a good deal.

    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!

  • qbrozenqbrozen Posts: 25,822
    i just checked the volvo website and they are advertising $299/mo on an S60 2.5T automatic.

    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?

    '18 BMW 330xi; '67 Coronet R/T; '14 Town&Country Limited; '18 BMW X2. 47-car history and counting!

  • henry3henry3 Posts: 22

    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...

    Please advise..
  • dfc3dfc3 Posts: 87
    I haven't been in the market for this car recently; but when I was looking last, I looked long and hard at the S60R. This is a better price than I'd ever seen. I think you'll get a good deal for a few reasons. First, we're getting late in the 2006 model year. Second, the novelty has worn off a bit vs. earlier, and the demand isn't as high. Either way, I think the above is a good price. If I could have got that price 18 mos ago, I'd be driving one now.
  • henry3henry3 Posts: 22
    Just wanted some who still have not drove the car, and are hesitant because of the Volvo's history, give an impression of my test drive that I took today. Boy, this thing is really powerful. I drive Audi A4 3.0 currently and there is really no comparison here. Sure, A4 is not all that fast to begin with, but I always thought it was good enough, especially when I put it on S(Sport) with the Triptronic transmission when I need the extra push. But, this Volvo is really surprising, didn't really expect that type of performance from this car. The turbo is also nice, when I was looking to get my Audi, I test drove 1.8T and that turbo implementation felt like foooreeeveer to kick in comparing to S60R. I really like the car, the inside/outside does look different than regular S60 and I like it better that way. There are some drawbacks as mentioned by others, the turning radius is not in par with my A4, and the backseat space could be larger, in comparison the backseat leg room is not much if any larger than my A4, but the shoulder room seems bigger. The front seats are nice and comfortable.

    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.
  • henry3henry3 Posts: 22
    Since nobody is replying on here I guess I'll post a reply to myself :-(
    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.
  • volvomaxvolvomax Posts: 5,274
    I never get into whether something is a good deal or not since your idea and mine are proably different.

    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.
  • blue222blue222 Posts: 1
    I'm looking for a S60 used as a second vehicle. Any one with knowledge of current pricing on a used S60 that is no more than 4 years old? How much will it cost? Are the dealerships better equipped at providing a reliable per-certified without stretching the price?
  • volvomaxvolvomax Posts: 5,274
    Well, you can only get a certified Volvo form a Volvo dealer.
    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.
  • kyfdxkyfdx Everywhere, USAPosts: 123,015
    Thanks, volvomax!

    That is great information..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • volvomaxvolvomax Posts: 5,274
    The $500 credit is ONLY good w/ VFNA. If you use VFNA you risk losing some of the other incentives.
  • ryan79ryan79 Posts: 10
    Just to throw a current price for an 'R' that I paid today -- $36,000 even. I don't think I could have done any better - the best price I got on the same car (exact options) was nearly 4,000 more.
    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.

  • hjulicherhjulicher Posts: 8
    I've been reading a lot of post threads in this forum, and as a first time buyer, I'm unsure of exactly what's the best way of going about puchasing a car. From what I understand, there are incentives to dealers and buyers from Volvo. These incentives can be used towards reducing the buying price of the vehicle. Secondly, I went to Cars direct as someone mentioned and it lists the price of the S60 Base at 25.8K.(Excluding Delivery) Should I negotiate at a lower price, or should i expect to pay exactly that amount?

    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?
  • volvomaxvolvomax Posts: 5,274
    First of all, the S60 2.5T base is a very,very rare car.
    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.
  • hjulicherhjulicher Posts: 8
    So basically you're saying that I will be able to purchase the car at $25532? I think that this is a good price for this car. I understand that you really like Volvo, and is there anything that you don't like about them? I understand that you are biased, but I would like to know the good and the bad.... There can't only be good you know. Anyways, thanks for the information.
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