Thanks for the information Car_man and others! The numbers appear to be spot on. Here is one quote I received this week for 36 month lease/15K miles per year on a 2012 T5 with metallic paint, Premium and Climate packages, Keyless drive with PCC and 17 Njord wheels (without run flats):
$35745 MSRP $34200 Cap Cost 59% residual 0.00134 money factor Base payment $443.08/month
If no other dealers can better this deal, then I will likely sign this week.
Would appreciate feedback on how good a deal I have been offered on a 48 month lease of a 2012 Volvo S60 (T5) with a premium package, climate control and metalic paint, and 12,000 miles per year. The dealer is in the Delaware Valley area. My upfront payment would be $1,553 with 48 monthly payments of $412. I am turning in a 2008 Volvo S 60 which is coming off of lease -- it's in good shape and slightly below the allowed miles (48,000), so I'm getting the $1,000 loyalty benefit. Thanks for commenting.
Hello e90m. Volvo's October buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 R-Design with 15,000 miles per year are .00122 and 53%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 48-month lease are .00130 and 42%.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hello robert188. US Bank's October buy rate lease money factor and residual value for a 36-month lease of a 2011 S60 with 15,000 miles per year are .00178 and 50%, respectively for consumers who qualify for its top credit tier.
When negotiating your deal on this car, make sure to take advantage of the $3,000 dealer cash that is currently available on it.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Would you please let me know the current (Nov.-Dec.) lease residual and MF for a 2012 Volvo S60 T5 with premium package, metallic paint, and blind-spot monitor (MSRP $35,175) for a 36 month/10,000 miles per year lease term. I'm in SC.
Hi mascraw. US Bank's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Volvo S60 T5 with 10,000 miles per year are .00099 and 59%, respectively for consumers who qualify for its top credit tier.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hello oblomov. According to the latest information that I have seen, US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 with 15,000 miles per year are .00099 and 57%, respectively for consumers who qualify for its top credit tier.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hey v70r_07. According to the latest information that I have seen, US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T6 R-Design with 15,000 miles per year are .00099 and 52%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 48-month lease are .00144 and 41%.
The money factors for the non-R-Design are exactly the same, but the residual values are 2% higher.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hey autoboy19. US Bank's January buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 with 12,000 miles per year are .00035 and 56%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 48-month lease are .00082 and 45%.
The numbers for the 2012 S60 T6 AWD are .00021 / 53% and .00066 / 42%.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hey CarMan. Can you let me know if I got a good lease deal on my new Volvo S60 T5 with multimedia, which I leased in late December? MSRP was $38,200. My lease payment (excluding tax) $356 with approx. $2,300 down payment (plus first month, tax, registration, etc...). I've never leased before, so I'm curious how my first foray into the leasing world went. Thanks!
Welcome t5driver. Do you happen to know what this car's selling price is? The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If you are able to provide us with this number, it would be much easier for us to evaluate your deal.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I actually don't remember the residual or money factor but I am about to close on a lease for a 2012 S60 T6 AWD Seville Grey with Blk/Beechwood leather, climate and premium package:
36 month lease w/12k miles per year Selling Price (before taxes and fees) - $38,364 MSRP - $41,625 Sales Tax - $1233 NJ Motor Vehicle Fees (3 year reg $310 plus doc fee $286.75 plus tire fee $7.70) - $604.45 Total Intial Payment (1st month's payment, acquisition fee ($995), registration and doc fee) - $2080 Monthly Payments - $488
It works for me, I think it's a good deal and it is a much better value than what I am being offered on a comparable BMW 3 or Audi A4.
Sorry for the delay in getting back to you. I just saw your reply. The selling price was approximately $34,500 (MSRP without tax being roughly $38,300). Thanks for your help.
working on a deal for a new S60... 2012 T5 model Climate Package, Multimedia Package(NAV,Rear Park Camera and Upgraded sound system) and the Premium Package. 36 mo/ 10k miles per year. $389 mo
The selling price of the vehicle is $35,612.11
. due at signing Taxes - $1,356.37 First Month Payment - $389 Motor Vehicle - $305 Doc Fee - $279 Total Due at Signing - $2,329.37
money factor: .00017 residual value: 57%
seems like a good deal...just looking for some educated feedback thanks!
How do these numbers look? Money factor seems high to me.
S60 T5FWD Premium Package Climate Package
MSRP $35,425 including freight and metallic paint Cap Cost $34,535 56% Residual Value 3 year/36k miles .00034 money factor End of lease disposal fee $395
$2,000 due at signing, $421.50 per month
This includes the $1k incentive rebate applied to the pricing.
I'm guessing the money factor/residual went up/down respectively for March?
Either way, cap cost seems high. Assuming the $1K conquest/loyalty still is running for March, I am thinking you should be targeting a selling price of around $32,352. This is the Volvo A Plan pricing minus the $1K incentive.
Most dealers will give you A plan pricing without actually qualifying, but check with your employer to see if you are eligible and do not have to even negotiate it. You can also ask your employer's HR department to sign up - it's free to them and a great benefit.
Hi v70r_07. US Bank's March buy rate lease money factor and residual value fro a 36-month lease of a 2012 S60 T5 with 15,000 miles per year are .00017 and 54%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 48-month lease are .00086 and 48%.
The numbers for the 2012 S60 T6 are .00001 / 50% and .00081 / 42%.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I have two options: 1. Buy my current S40 lease buyout for 12,300$ or 13707 with tax and registration My current car is in good condition with only 33k miles. No power package. No leather. 2009 S40. White basic model.
CarMan, could you post the April MFs and residuals for the S60 T5 FWD on 36mo & 48mo leases, 15k miles/yr? Also, do you have these numbers for higher mileage like 16K & 17K?
36 mos/10k miles per 617 out of pocket including 1st month payment Premium package, Climate package, and 17" Njord wheels Final Price was 32,025, Sticker was about $35K Had 3 payments left on a previous lease of about $700 total which they got me out of $356 per month payment
Assuming you had a Volvo (and not a Toyota Corolla ) 3 year lease through US Bank with an artificially low residual, your equity was probably $5-$8K depending on the car. Had they given you at least $5K, your lease would be around $246/month including assumed 7% tax and $995 acquisition fee, based on .00017 MF and 57% residual. With your number it looks like they gave you about $1.5K of equity.
But it's all very approximate with some guessing on my part since I don't have all the numbers.
I need you to scrutinize my numbers and offer your two cents. Thanks in advance for your help. Trading in a 2002 XC70 with 95k miles Leasing an 2012 S60 T5 with: - Premium Package (leather, moonroof) - Cold Weather Package - Chrome exhaust tips Nothing due at inception, getting a check for $3,000 $419/mo for 36 months @ 12k miles/year in Chicago Good deal or no? It still feels high, but with nothing down except half the value of my trade-in, it might be about right.
It is way too high. What's the MSRP (metallic is extra $$), sales tax, dealer fee, tags & title fee, how much was acquisition fee, exact amount of the half of you trade-in...?
How do you know it's too much if you don't follow how much I'm putting down??? It would seem that is impossible. Forget the trade-in math. Assume I'm putting $2,000 down. No first and last payment or anything else paid at inception.
The MSRP is $35,920 if I reverse engineer the deal and remove the options I can get exactly to the 3293 down, $299/mo deal being advertised for the base S60, but my issue is why are the whole purchase prices of the options being rolled in when I'm only leasing the car. For example, I don't want to "buy" the leather option over 36 months.
"How do you know it's too much if you don't follow how much I'm putting down???"
"It's very simple, Watson" (c) . Of course, I just assumed that the half of your trade-in is $3,000. But wanted to make sure that "half" is not a figure of speech. FYI: each $1K equals approximately $30 in monthly payment.
Now, "No first and last payment or anything else paid at inception". It was all rolled in your monthly payment. That's why to give you precise number, I need to know about all the fees that will be rolled in your monthly payment. By just guessing some of it, your payment should be ~ $360-370/month based on approx. sale price $34,284 (invoice) and $1K loyalty cash.
"...but my issue is why are the whole purchase prices of the options being rolled in when I'm only leasing the car. For example, I don't want to "buy" the leather option over 36 months."
But for 36 months you will be sitting, spilling coffee etc. on this leather, no? It's called "amortization" This is what you pay for.
You don't know me very well. That car will be returned to the dealership in 3 years without a mark. Niles Crane from Frasier with less money is about right. I have a problem.
I'm going to get a list of those fees for you to look at. I think another place I might be off is the MSRP is a touch higher than the "good price" on the Amex site.
Will post as soon as I have those numbers. Thanks so much for the helpful replies.
Comments
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
$35745 MSRP
$34200 Cap Cost
59% residual 0.00134 money factor
Base payment $443.08/month
If no other dealers can better this deal, then I will likely sign this week.
Any info on rates for October on the R-Design? Looking for 36 months and 48 months or any odd month programs available.
Thanks much in advance!
The numbers for an otherwise identical 48-month lease are .00130 and 42%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
When negotiating your deal on this car, make sure to take advantage of the $3,000 dealer cash that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Would you please let me know the current (Nov.-Dec.) lease residual and MF for a 2012 Volvo S60 T5 with premium package, metallic paint, and blind-spot monitor (MSRP $35,175) for a 36 month/10,000 miles per year lease term. I'm in SC.
Thanks much!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thks
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 48-month lease are .00144 and 41%.
The money factors for the non-R-Design are exactly the same, but the residual values are 2% higher.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you have the January money factor and residual for the S60 T-5 and S60 T-6 AWD for 36 and 48 months and 12k miles per year?
Thanks
The numbers for an otherwise identical 48-month lease are .00082 and 45%.
The numbers for the 2012 S60 T6 AWD are .00021 / 53% and .00066 / 42%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
2012 Volvo S60 T6 Electric Silver w/Multimedia, Climate, PCC Key, Premium.
MSRP $45425
Price $42500
Residual- 54%
Residual Value- $24529.50
Money Factor- .00081
36 month 12k mi. lease $1907 driveoff and $599 a month. Excellent credit and the state is CA.
Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
36 month lease w/12k miles per year
Selling Price (before taxes and fees) - $38,364
MSRP - $41,625
Sales Tax - $1233
NJ Motor Vehicle Fees (3 year reg $310 plus doc fee $286.75 plus tire fee $7.70) - $604.45
Total Intial Payment (1st month's payment, acquisition fee ($995), registration and doc fee) - $2080
Monthly Payments - $488
It works for me, I think it's a good deal and it is a much better value than what I am being offered on a comparable BMW 3 or Audi A4.
Sorry for the delay in getting back to you. I just saw your reply. The selling price was approximately $34,500 (MSRP without tax being roughly $38,300). Thanks for your help.
2012 T5 model
Climate Package, Multimedia Package(NAV,Rear Park Camera and Upgraded sound system) and the Premium Package.
36 mo/ 10k miles per year.
$389 mo
The selling price of the vehicle is $35,612.11
. due at signing
Taxes - $1,356.37
First Month Payment - $389
Motor Vehicle - $305
Doc Fee - $279
Total Due at Signing - $2,329.37
money factor: .00017
residual value: 57%
seems like a good deal...just looking for some educated feedback
thanks!
S60 T5FWD
Premium Package
Climate Package
MSRP $35,425 including freight and metallic paint
Cap Cost $34,535
56% Residual Value
3 year/36k miles
.00034 money factor
End of lease disposal fee $395
$2,000 due at signing, $421.50 per month
This includes the $1k incentive rebate applied to the pricing.
Either way, cap cost seems high. Assuming the $1K conquest/loyalty still is running for March, I am thinking you should be targeting a selling price of around $32,352. This is the Volvo A Plan pricing minus the $1K incentive.
Most dealers will give you A plan pricing without actually qualifying, but check with your employer to see if you are eligible and do not have to even negotiate it. You can also ask your employer's HR department to sign up - it's free to them and a great benefit.
Here's a list of eligible employers: https://pictures.dealer.com/volvodallasvtg/e6e4c5490a0d02b701b7bf86689c1e66.pdf
Do you have the March lease rates for the S60 T-5 and T-6 for 36 and 48 months and 15k miles per year?
Thanks.
The numbers for an otherwise identical 48-month lease are .00086 and 48%.
The numbers for the 2012 S60 T6 are .00001 / 50% and .00081 / 42%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I have two options:
1. Buy my current S40 lease buyout for 12,300$ or 13707 with tax and registration
My current car is in good condition with only 33k miles. No power package. No leather. 2009 S40. White basic model.
I like my car.... But the dealer is Offering
Option 2.
Lease new S60
Premium = leather, moonroof, passenger power seat
PCC = Keyless drive
Multimedia = Navigation, rear camera, premium sound
Trade in your car
36 months 10/yr
$1000.00 Total Drive Off
$350.00 includes tax per month
What would you do? I could potentially by my car and immediately sell it for 2-3k more than my buy price.
Please help!
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Should I ask for money factor and risidual?
My concern would be your S40. If you feel you truly could turn around and make some money on it, why wouldn't you?
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Thanks in advance!
I traded my old lease in for the new S60
Premium Sound
Navigation with rear camera
Park assistance
Dynamic package with upgraded rims
Full tank of gas and tint
12k per year
1000$ down
350 inclusive of tax monthly payment
3 years
Gross cap cost on the car: 33,613
Were you provided any equity on your current car?
Do have the down payment and adds to cap cost?
Do you have the MSRP as well as money factor and residual?
I put 1000$ down. Total credited toward down payment: 4662$
Suggested retail for my car listed on sticker: 38,725$
Gross cap cost is 33613$
I'm not sure where to find residual. Buy out at the end of my lease is 22k
Did I get a good deal?
36 mos/10k miles per
617 out of pocket including 1st month payment
Premium package, Climate package, and 17" Njord wheels
Final Price was 32,025, Sticker was about $35K
Had 3 payments left on a previous lease of about $700 total which they got me out of
$356 per month payment
Any feedback would be greatly appreciated.
But it's all very approximate with some guessing on my part since I don't have all the numbers.
I just got home so I have all of the numbers:
Price of Car - $32,025
Sales/Use Tax (8.625%)- $1,104
Acq. Fee - $695
Gross Cap Cost - $33,825
Cap cost Reduction (Volvo Conquest) - $1,000
Adj. Cap Cost - $32,825
Residual - $20,334
Total Monthly payments - $12,816
(incl. $325 Rent Charge)
$356 per month plus
Fees - $93.50
Upfront Tax - $93
Doc Fee - $75
Total out the door - $617
And they ate my $700 in Civic payments.
Thanks in advance for your help.
Trading in a 2002 XC70 with 95k miles
Leasing an 2012 S60 T5 with:
- Premium Package (leather, moonroof)
- Cold Weather Package
- Chrome exhaust tips
Nothing due at inception, getting a check for $3,000
$419/mo for 36 months @ 12k miles/year in Chicago
Good deal or no? It still feels high, but with nothing down except half the value of my trade-in, it might be about right.
The MSRP is $35,920
if I reverse engineer the deal and remove the options I can get exactly to the 3293 down, $299/mo deal being advertised for the base S60, but my issue is why are the whole purchase prices of the options being rolled in when I'm only leasing the car. For example, I don't want to "buy" the leather option over 36 months.
Thanks again for your help. Please tell me more.
"It's very simple, Watson" (c)
Now, "No first and last payment or anything else paid at inception". It was all rolled in your monthly payment. That's why to give you precise number, I need to know about all the fees that will be rolled in your monthly payment. By just guessing some of it, your payment should be ~ $360-370/month based on approx. sale price $34,284 (invoice) and $1K loyalty cash.
But for 36 months you will be sitting, spilling coffee etc. on this leather, no? It's called "amortization"
I'm going to get a list of those fees for you to look at. I think another place I might be off is the MSRP is a touch higher than the "good price" on the Amex site.
Will post as soon as I have those numbers. Thanks so much for the helpful replies.