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Hi akhan2. Congratulations on getting your new S80. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride :shades: .
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Hi amcdad. I don't believe that Volvo's $3,500 dealer cash allowance is available on leased vehicles. However, Volvo is providing a special $1,500 cash incentive that is available on leases (I believe both Volvo Finance and through independent banks). Volvo is also providing a special $5,500 cash incentive on leases of '08 S80 3.2 and T6 models and $8,000 on S80 V8 models through independent banks.
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Hi rjt_65. Negotiating a good deal on a lease isn't too bad, especially since you qualify for Ford's X-Plan. The special purchase plan will do a lot of the heavy lifting for you by eliminating the need to shop around and negotiate for the lowest possible selling price. I believe that Volvo Finance's special lease program on the S80 is only available to customers who lease stripped models. If so, you would probably be best off leasing through an independent bank instead of through Volvo Finance. Make sure that the dealer takes the cash incentives that I mentioned in my previous post into account and you're in business.
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MSRP is $58,660 plus the free portable NAV. Third party lease. Cap cost is $47,013. Payment is $686.27 for 48 months 48K miles. Int is 4.776% I think. Only taxes and title and first months payment down. No Cap cost from me. Lease fee is built into the payment. Residual is $21,704 which is high (37%?) but I don't care. I plan to buy the car at the end of the lease. Kline Volvo in MN. I think this is fair since they are bringing the exact car in to my specifications. I think you could do a little better if you took one that was on the lot for a while. There are only two dealers in my town and the other dealer was pushing the cars they had in stock. They said they could not trade for car I wanted. That other dealer was $750/month plus a $400 lease fee for a demo with 5K mi. I have purchased four other volvo's from Kline including an '04 XC90 which has been a very good car. I assume that the third party banks have a high residual so that you want to keep the car and they don't get it back. Not a bad thing. Should have the car by the end of the month.
Hey Jay, Yes, $1500 was due at signing (including all bank fees, acquisition fees, 1st month, registration, etc) - all was included, it was $1500 exact. MSRP IS $41,300 - $42,500 (because of Venator wheels - if the car on the lot has rims on it, they will throw them in, otherwise u get standard wheels) As far as residual is concerned, i honestly didn't ask them, because i didn't care, as i do not plan on buying the car ( I believe its 51% give or take?) By the way, i need to clarify something - i was wrong when i posted that i got the lease through volvo financial because i actually got it through U.S. Bank.
Also, you are right Jay, i was told by Francisco too that the Volvo financial 2 yr lease is ONLY for base model and 10.5k miles (coz otherwise money factor is out of whack and it makes the car payment go up exponentially).
One thing u do need to know is that u absolutely need to have A+ credit (700+) to get this deal because the banks are getting tighter and tighter.
Jay, i will post some more information on Saturday as i convinced my cousin to lease the S80 as well from the same place, so this is what he will be signing on:
$1500 due at signing (1st month, registration...etc) $389 a month (including tax - Chico, CA tax rate ) 3 yr/ 15k miles per year
2008 Volvo S80 3.2 (Black with Black interior) Personal Car Communicator Climate Package
My cousins credit score was below 700 and so the monthly rate was $10 more and i couldn't convince them to throw in the venator wheels....
I will post the residual, money factor, etc on saturday. Good luck!!
I went and visited a dealer by me and heard that till end march it is 3500 off a purchase, and 6500 off a lease.
S80 T6 Black with Charcoal interior-- wPCC, Climate, BLIS, Sat Prep 18" Chrome ventillator (IBM has Ford discount agreement) $44,480
0 Down but the 1st payment taxes etc = ~$3,000 (sounds high) 39 month lease @ $505 per mo residual 51%
I am thinking the deal will be extended or better due to the slumping economy. :confuse: Going to the car show and going to look at LExus 350, Infinit M35 AWD etc.
Visit the Volvo booth and fill out the form they have that asks for your email address. they will email you a coupon for a cash rebate if you buy a Volvo by June. I just got one. I assume this applies at all the auto shows. Well worth the trouble.
Minneapolis Auto show. It was for $500 on the purchase or lease of a qualifying new Volvo. It looks like all Volvo's although you have to go to a page on the web for all the rules. Good for 6 months from the date of the email. I am planning on leasing one soon.
One local dealer said he could trade for a car in another dealer's inventory. The other dealer said that I had to order the car I wanted and get it in three months but there were no incentives if I ordered. I think that a dealer can trade for a car. Some cars are in port and assigned to a dealer's inventory and they can switch. It depends on the dealer.
Yes- thanks! I am going to the NYC auto show tomorrow, and hopefully they will offer the rebate.
I plan to pick up my S80 this Friday- I posted the details of my deal on this board (message #89)- and am hoping that I'll be able to add an auto show rebate!
A couple of things on some of the recent posts- the MF should be .00165 (3.96% interest rate) with the 3rd party lease. Also, with respect to the X-Plan, the $6500 lease incentive (for T6/3.2) should be applied to invoice price (or perhaps $200-$500 over invoice). That's a better deal. There is also a loyalty bonus of $1000 for current Volvo lessees (n/a for me)
My car came from another dealer- I was very specific about options and colors, and my dealer says they had to trade 2 cars to get mine. You may want to do an internet search on inventory at local dealers to see what they have, but your salesperson should be willing to work for your business and do it him/herself.
Finally, my dealer told me that the last 2008 S80 will be built in Sweden on May 15, so whatever inventory dealers have in May will have to last until August.
I'm on Long Island in NY and today's Newsday is offering a 24 month lease on the S80 3.2 for $359 a month for 24 months, $2953 down. Of course this is for a stripped car. They're also advertising 1.9% financing for 48 months (new incentive).
I know I can do a lot better - get a lot more car for very little more money - on a two year lease because I've already spoken with a salesman at Volvo on a few occasions. Why is Volvo being so aggressive? Are they having trouble selling cars?
Also this might be a great time of month to get into a new car because the dealership/salesman might be extra aggressive trying to get deliveries out by month end. Or it might be a lousy time if the incentives for April improve.
If you live in Long Island, it may be worth your while going to the NY Auto Show this week. If you visit the Volvo exhibit and fill out a form, you get an e-mail with a $500 rebate offer if you purchase or lease a Volvo before June (thanks to pjsulivn on this board for that tip!!).
As for the lease deals, there are 24 month deals on the Base 3.2 through Volvo Financial, and there are separate deals with a third party bank on the T6 ($6500 off) and V8 ($9000 off). Also, you get a free Garmin Nav system.
Why are they being aggressive? Because prior to these S80 deals the car wasn't selling and, the economy has slowed buying for all manufacturers these days. IMHO, the car is a steal with these current incentives - $125 a month less than a similarly equipped Audi A6 3.2 or $200 a month less for an MB E350 4Matic...and about $25 a month less than the smaller BMW 328xi- all based on similar equipment/money out of pocket/lease terms. (I'm not a salesman- just have been doing a lot of research and planning on getting a T6 this week.)
Hard to know if April will be better (the free Nav is supposed to go away, not sure about the other incentives), but the lease incentives did get worse by $500 from Feb to March. Hard to imagine the incentives getting a lot better, but who knows?
pjsulvin Could you please provide the web-page to register the coupon and the rules page. As far as I've heard, the coupons are for the members of the Teachers credit union. At least that's what some dealers in NY area told me. :confuse:
The email I recieved gives a link to place to claim the refund. You need a code to get to the page. You go there with your code after you purchase the car. As I said maybe this was just for the Minnepolis auto show. All they had at the auto show was a form that gives your information to Volvo. There was nothing on the form about the rebate but the local dealers knew about it.
Thanks for the prompt reply . Perhaps you could copy-paste that link here? Which local dealer did you deal with? Maybe I could talk to them and get a clarification on the matter.
In response to the other posts, I know my dealer has no idea about the rebate, but probably because it does not involve dealers. Rather, this a direct cash rebate to folks who attended an auto show, filled out a form, and can prove they purchased/leased a Volvo before June.
So, has anyone besides pjsulivin1 got the $500 cash-back/rebate e-mail yet ? I called Volvo , the NY Autoshow, and my local dealers , and no-one knew what I was talking about :confuse: All I heard was " Teachers Union", "VCOA members", "COSTCO members" etc, but nothing really conclusive. :sick: Does anybody have a real info on that mysterious offer? :confuse:
Replying to my own post. The website is volvoprogram.com, but you do need a code to get in. Pjsulivin1, could you please share yours? They (codes) don't seem to be user sensitive and we all might be able to benefit from your generosity . Thank you.
Dear Pjsulivin1 or amcdad, please with your great heart to share that code with us. In fact, I live in Boston and I can't attend the NYC Autoshow and I am about to decide to lease the S80 before 3/31 to get the lease promotion. I really would love to get the additional $500 rebate to compensate portion of the $2953 due to signing as the volvo national ads promotion. Many thanks in advance.
The code doesn't do you any good. They have to have your email first and invite you. The rebate is good for 6 month after the date of the email to you. If you are not invited it won't work. Have someone else fill out a form at the auto show for you. You might get an email and you might not. I have no idea. I just thought I would alert people that if they are at an auto show they should fill out the form and see what if anything happens. That is what i did.
Jay and Chuchumouth..... I know about the "coupon" you are referring to and can help you with it...however, the problem is that the promotion is only until 3/31, which is Monday. You'd have to make a deal and take delivery by Monday, which seems to be impossible. If by any chance the promotion is extended beyond Monday, I'll be glad to help you. Good luck with your search. I got the 3.2 a few weeks ago here on LI and am extremely happy with it. I like it more than the Lexus ES330 whose lease I completed.
Beardie. If you could help myself and Chuchumouth out, I'm sure getting the car by 3/31 shouldn't be problem. At least, not for me. Thank you in advance.
Giving a code won't help with the auto show rebate, or else I'd be glad to share mine. What happens is, you give your e-mail address at the auto show, and Volvo e-mails you a website link to a claims submission form and an access code. After you buy/lease your car, you log in and complete the form, but ultimately you have to regular mail both the claims submission form and the original e-mail from Volvo that has your name on it. In other words, you have to go to the auto show (or possibly have someone else go) and fill out a form in your name with your e-mail address to get the original e-mail.
BTW, I just picked up my S80 T6 2 days ago and absolutely love it. The details of my deal are on this board (message #89- now with the addition of my $500 auto show rebate). Anyone looking to lease the S80 should also consider the third party bank lease as well as the nationally advertised Volvo Financial Lease program. The third party lease deal with 5th 3rd bank includes a $6500 incentive for the T6 and a $9000 incentive for the V8. Residual on the T6 for 36/15K is 49%, MF is .00165. The free Nav is apparently offered through the end of the month.
Good luck, and thanks for all the help on this board!
I just came back from the Boston volvo dealer after 2 hrs of negotiation and test drive for my first time the S80 3.2.
On my case, I think there is a problem for that dealer of Boston getting the car by 3/31... in fact, (not sure if they are bullshiting me or not...), they told me that those national promotion black or white S80 3.2 basic car are not really available in any where in Boston, Volvo never really ship those cars to their dealer. So by the time that they will get the car (which will be from NJ port), it will be 3-4 weeks and that national promotion will be expired... To get the promotion the car must be at their dealer on 3/31 in order to complete all the paperworks, etc. I told him that seems to be a scam of Volvo ads to me...
On the other hand, they are trying to convince me to take another of their existing in stock S80 3.2 with climate package, Silver metallic paint... (no portable NAV thus). They quote me the total down is total of $3990 by Chase vs total of $3450 (already included all the titles, etc.) by Volvo Financial national ads. The Monthly Fee is 343/month chase vs 359/month volvo, 10,000miles/yr chase vs 10,500miles/yr volvo as advertised in NewEnglandVolvo Retailer.com....
My wife and I were a bit disappointed and frustrated and left the dealer with no deal yet...
Dear all Experts in this forum... do you think my dealer is trying to BS and scam me? or do you think that is still similar and good deal as the current Volvo national ads?
Ask the dealer to freeze the rate while they're searching for your car. AFAIK, they get 30 days to locate the car while holding the rate. You may wish to reconsider going with alternative bank though, because there's no guarantee that there wouldn't be any surprises after the end of the lease. Also, Volvo waives $1000 in damages at the end of the lease, but does charge $395 in "termination fees". Other banks may not waive anything at all and might nickel and dime you to death for every little nick and scratch on the vehicle. BTW, did you have any luck with that elusive coupon/mailer?
Jay and Chuchumouth..... First of all, I think any dealer telling you that you'd have to wait weeks and weeks to get an S80 the way you want is full of it. It's true that most of the 3.2s are ordered with the climate pkg, but that only adds a few dollars on the lease, not really enough to make a big difference. Judging from the numbers you wrote from Boston, I think you should get your car here in NY! Seriously,the car I returned last month when I got my S80 was a Lexus ES330 which I leased in New Jersey. They were more than happy to deal with me, and at the time, it beat any of the NY dealers. Now Jay...if you want to do this tomorrow, here's what I'd recommend. I presume you're on Long Island.....you need to be a member of the Teacher's Federal Credit Union. You should open an account with as little as $5 (see if there's a branch near you). Look at their website and on the home page, you'll see a link to the Volvo promotion. They deal through GrooveCar which you can call and tell them you are a member of Teachers FCU and you want to take advantage of the $500 coupon. I'm not sure where on LI you are, but if you're near Huntington, I may be able to save you some more money. Let me know if you are. The 3.2 S80 should not cost you more than low $2000s down and low $300s a month for a 27 month lease through Teachers FCU. If you have numbers from a dealer on LI, I'm sure I can get you a better price. Also, if GrooveCar tells you that you must go to one of their dealers, tell them that's fine, as that's no problem. The only hitch is that you have to be able to say you're a member before dealing for the car. If you become a member in order to get the lease, they won't give you the $500 off. Good luck, and let me know how things go.
Just one thing to add to the other comments- you get the portable Nav regardless of who you lease with- that promotion is linked to getting an S80- period. My lease was with 5th 3rd bank, and I got the Nav- if they are telling you otherwise, they are incorrect....
Shaker, As explained, there is no auto show code that can be used in NY. If you are in NY and are on or near Long Island, you can get the $500 deal through Teachers Federal Credit Union through today. The lease rate through this credit union is better than the national ad. If you are making the deal tonight, and are on LI, I can get some more money off at the dealership.Let me know if this is the case. I'll check back before 6PM.
I was just offered an S80 T6 AWD with the climate package and the blind spot detector for around $35,000 (MSRP was a little over $44,000) and a lease payment of about $450 a month and 12,000 miles a year with $0 down ($2900 down for taxes and fees). How does this price look?
I'm in Suffolk County on Long Island in New York. Anyone know what deals are available on leasing a 2008 T6? Are there still good third party bank deals to be had? Thanks!
Actually Beardie there is (was?) one and I got it Now, it's true that you do need a confirmation letter from Volvo, but I had someone stop by the NY Autoshow on the 11th hour and fill out the form. To make a long story short, I (or rather my wife) am $500 richer So, at the end , we are paying $362 (plus tax) per month, 24months, 10kmiles/year with $0/0/0 at signing for a $39500 car. In my opinion that's a lot of car for the money . :shades:
Hi. I am in NY (on LI) and leased an S80 in Huntington in March. It is financed through TFCU. Is it still possible to get the $500 you mentioned? Or am I completely out of luck? What do I need to do? I don't currently have an account with TFCU, just the lease. Thanks for any info you can offer.
Here is my initial offer from a dealer in Update NY for a 24 month lease on a base Black S80 3.2 with the climate package. $4,700 down, $399 / month. This is +$20 / month over the base offer on the Volvo website for the Climate Package. The down payment consists of: First Payment $399.98
Taxes $1027.93 Dealer Fees $67.50
Acquisition Fee $895.00
Cap Reduction $2309.59
My take is regardless of selling price, rv, lease rate factor, etc., there should be an amount to target as total outlay. Is $13,877 a good number over 24 months (~$578 / month)?
I don't know if, or how much the car has gone up in the last few months, but I got the exact same car at the end of Feb., and I'm not paying anywhere near those numbers. How far are you upstate? If you can come down to LI, I don't think you'll see numbers that high.
Hey Jabber. According to the latest information that I have seen, Volvo's current cash incentives for leases of the through independent banks are $3,250 on the 2008 S80 T6 and $5,750 on the S80 V8.
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Hi sweeney4. The only S80 trim level that Volvo is providing lease support on right now is the base 3.2 model. Consumers who lease one through Volvo Finance right now for 36 months with 15,000 miles per year can use a buy rate lease money factor and residual value of .00142 and 50%. In addition to this special lease program, Volvo is providing a $3,250 cash incentive on leases of this car through Volvo Finance. If you want to lease any other version of the S80, you will be better off doing so through an independent bank.
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How much my monthy lease payment should be if I want to lease 2008 T6 S80 with no additional options? Lease for 36 months with total down of $2000 (to cover tax in Texas and fees).
I apologize for this general question but I would like to have a number to start with dealer I am visiting this week.
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Live in NY Long Island. Want to get a 4 year lease, 0$ down, 15K miles per year
Black, black interior with Climate, sports, PCC and interior air quality.
Top credit tier. trade-in credit 4K.
also, my company has an x plan--assume that is the way to go. any help appreciated
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So if I understand you right, I can take my x plan pricing and minus 8$K from it if I lease thru a 3rd party finace company?
Does it have to be a lease, or will the 8K apply to a purchase?
Still waffling on lease vs buy.
thks
and what is the average residual value for an s80 on a 3 or 4 year lease?
thanks
Yes, $1500 was due at signing (including all bank fees, acquisition fees, 1st month, registration, etc) - all was included, it was $1500 exact.
MSRP IS $41,300 - $42,500 (because of Venator wheels - if the car on the lot has rims on it, they will throw them in, otherwise u get standard wheels)
As far as residual is concerned, i honestly didn't ask them, because i didn't care, as i do not plan on buying the car ( I believe its 51% give or take?)
By the way, i need to clarify something - i was wrong when i posted that i got the lease through volvo financial because i actually got it through U.S. Bank.
Also, you are right Jay, i was told by Francisco too that the Volvo financial 2 yr lease is ONLY for base model and 10.5k miles (coz otherwise money factor is out of whack and it makes the car payment go up exponentially).
One thing u do need to know is that u absolutely need to have A+ credit (700+) to get this deal because the banks are getting tighter and tighter.
Jay, i will post some more information on Saturday as i convinced my cousin to lease the S80 as well from the same place, so this is what he will be signing on:
$1500 due at signing (1st month, registration...etc)
$389 a month (including tax - Chico, CA tax rate )
3 yr/ 15k miles per year
2008 Volvo S80 3.2 (Black with Black interior)
Personal Car Communicator
Climate Package
My cousins credit score was below 700 and so the monthly rate was $10 more and i couldn't convince them to throw in the venator wheels....
I will post the residual, money factor, etc on saturday. Good luck!!
S80 T6 Black with Charcoal interior-- wPCC, Climate, BLIS, Sat Prep 18" Chrome ventillator (IBM has Ford discount agreement) $44,480
0 Down but the 1st payment taxes etc = ~$3,000 (sounds high)
39 month lease @ $505 per mo
residual 51%
I am thinking the deal will be extended or better due to the slumping economy. :confuse: Going to the car show and going to look at LExus 350, Infinit M35 AWD etc.
Is it too late to custom order a Volvo versus taking one off the lot?
I really want the climate and sports apckages.
cheers
I plan to pick up my S80 this Friday- I posted the details of my deal on this board (message #89)- and am hoping that I'll be able to add an auto show rebate!
A couple of things on some of the recent posts- the MF should be .00165 (3.96% interest rate) with the 3rd party lease. Also, with respect to the X-Plan, the $6500 lease incentive (for T6/3.2) should be applied to invoice price (or perhaps $200-$500 over invoice). That's a better deal. There is also a loyalty bonus of $1000 for current Volvo lessees (n/a for me)
My car came from another dealer- I was very specific about options and colors, and my dealer says they had to trade 2 cars to get mine. You may want to do an internet search on inventory at local dealers to see what they have, but your salesperson should be willing to work for your business and do it him/herself.
Finally, my dealer told me that the last 2008 S80 will be built in Sweden on May 15, so whatever inventory dealers have in May will have to last until August.
Hope that helps- and good luck.
I know I can do a lot better - get a lot more car for very little more money - on a two year lease because I've already spoken with a salesman at Volvo on a few occasions.
Why is Volvo being so aggressive? Are they having trouble selling cars?
Also this might be a great time of month to get into a new car because the dealership/salesman might be extra aggressive trying to get deliveries out by month end. Or it might be a lousy time if the incentives for April improve.
Thoughts, comments, suggestions?
As for the lease deals, there are 24 month deals on the Base 3.2 through Volvo Financial, and there are separate deals with a third party bank on the T6 ($6500 off) and V8 ($9000 off). Also, you get a free Garmin Nav system.
Why are they being aggressive? Because prior to these S80 deals the car wasn't selling and, the economy has slowed buying for all manufacturers these days. IMHO, the car is a steal with these current incentives - $125 a month less than a similarly equipped Audi A6 3.2 or $200 a month less for an MB E350 4Matic...and about $25 a month less than the smaller BMW 328xi- all based on similar equipment/money out of pocket/lease terms. (I'm not a salesman- just have been doing a lot of research and planning on getting a T6 this week.)
Hard to know if April will be better (the free Nav is supposed to go away, not sure about the other incentives), but the lease incentives did get worse by $500 from Feb to March. Hard to imagine the incentives getting a lot better, but who knows?
Hope that helps.
Could you please provide the web-page to register the coupon and the rules page.
As far as I've heard, the coupons are for the members of the Teachers credit union.
At least that's what some dealers in NY area told me. :confuse:
Perhaps you could copy-paste that link here?
Which local dealer did you deal with?
Maybe I could talk to them and get a clarification on the matter.
In response to the other posts, I know my dealer has no idea about the rebate, but probably because it does not involve dealers. Rather, this a direct cash rebate to folks who attended an auto show, filled out a form, and can prove they purchased/leased a Volvo before June.
I called Volvo , the NY Autoshow, and my local dealers , and no-one knew what I was talking about :confuse:
All I heard was " Teachers Union", "VCOA members", "COSTCO members" etc, but nothing really conclusive. :sick:
Does anybody have a real info on that mysterious offer? :confuse:
The website is volvoprogram.com, but you do need a code to get in.
Pjsulivin1, could you please share yours? They (codes) don't seem to be user sensitive and we all might be able to benefit from your generosity
Thank you.
Dear Pjsulivin1 or amcdad, please with your great heart to share that code with us. In fact, I live in Boston and I can't attend the NYC Autoshow and I am about to decide to lease the S80 before 3/31 to get the lease promotion. I really would love to get the additional $500 rebate to compensate portion of the $2953 due to signing as the volvo national ads promotion. Many thanks in advance.
I know about the "coupon" you are referring to and can help you with it...however, the problem is that the promotion is only until 3/31, which is Monday. You'd have to make a deal and take delivery by Monday, which seems to be impossible. If by any chance the promotion is extended beyond Monday, I'll be glad to help you. Good luck with your search. I got the 3.2 a few weeks ago here on LI and am extremely happy with it. I like it more than the Lexus ES330 whose lease I completed.
If you could help myself and Chuchumouth out, I'm sure getting the car by 3/31 shouldn't be problem.
At least, not for me.
Thank you in advance.
BTW, I just picked up my S80 T6 2 days ago and absolutely love it. The details of my deal are on this board (message #89- now with the addition of my $500 auto show rebate). Anyone looking to lease the S80 should also consider the third party bank lease as well as the nationally advertised Volvo Financial Lease program. The third party lease deal with 5th 3rd bank includes a $6500 incentive for the T6 and a $9000 incentive for the V8. Residual on the T6 for 36/15K is 49%, MF is .00165. The free Nav is apparently offered through the end of the month.
Good luck, and thanks for all the help on this board!
I just came back from the Boston volvo dealer after 2 hrs of negotiation and test drive for my first time the S80 3.2.
On my case, I think there is a problem for that dealer of Boston getting the car by 3/31... in fact, (not sure if they are bullshiting me or not...), they told me that those national promotion black or white S80 3.2 basic car are not really available in any where in Boston, Volvo never really ship those cars to their dealer. So by the time that they will get the car (which will be from NJ port), it will be 3-4 weeks and that national promotion will be expired... To get the promotion the car must be at their dealer on 3/31 in order to complete all the paperworks, etc. I told him that seems to be a scam of Volvo ads to me...
On the other hand, they are trying to convince me to take another of their existing in stock S80 3.2 with climate package, Silver metallic paint... (no portable NAV thus). They quote me the total down is total of $3990 by Chase vs total of $3450 (already included all the titles, etc.) by Volvo Financial national ads. The Monthly Fee is 343/month chase vs 359/month volvo, 10,000miles/yr chase vs 10,500miles/yr volvo as advertised in NewEnglandVolvo Retailer.com....
My wife and I were a bit disappointed and frustrated and left the dealer with no deal yet...
Dear all Experts in this forum... do you think my dealer is trying to BS and scam me? or do you think that is still similar and good deal as the current Volvo national ads?
Thanks for your advice
Chuchumouth (Boston)
AFAIK, they get 30 days to locate the car while holding the rate.
You may wish to reconsider going with alternative bank though, because there's no guarantee that there wouldn't be any surprises after the end of the lease.
Also, Volvo waives $1000 in damages at the end of the lease, but does charge $395 in "termination fees". Other banks may not waive anything at all and might nickel and dime you to death for every little nick and scratch on the vehicle.
BTW, did you have any luck with that elusive coupon/mailer?
First of all, I think any dealer telling you that you'd have to wait weeks and weeks to get an S80 the way you want is full of it. It's true that most of the 3.2s are ordered with the climate pkg, but that only adds a few dollars on the lease, not really enough to make a big difference. Judging from the numbers you wrote from Boston, I think you should get your car here in NY! Seriously,the car I returned last month when I got my S80 was a Lexus ES330 which I leased in New Jersey. They were more than happy to deal with me, and at the time, it beat any of the NY dealers.
Now Jay...if you want to do this tomorrow, here's what I'd recommend. I presume you're on Long Island.....you need to be a member of the Teacher's Federal Credit Union. You should open an account with as little as $5 (see if there's a branch near you). Look at their website and on the home page, you'll see a link to the Volvo promotion. They deal through GrooveCar which you can call and tell them you are a member of Teachers FCU and you want to take advantage of the $500 coupon. I'm not sure where on LI you are, but if you're near Huntington, I may be able to save you some more money. Let me know if you are. The 3.2 S80 should not cost you more than low $2000s down and low $300s a month for a 27 month lease through Teachers FCU. If you have numbers from a dealer on LI, I'm sure I can get you a better price. Also, if GrooveCar tells you that you must go to one of their dealers, tell them that's fine, as that's no problem. The only hitch is that you have to be able to say you're a member before dealing for the car. If you become a member in order to get the lease, they won't give you the $500 off. Good luck, and let me know how things go.
buying volvo today if you can help me out with 500 auto show code would be a great help.
Thx
gr
As explained, there is no auto show code that can be used in NY. If you are in NY and are on or near Long Island, you can get the $500 deal through Teachers Federal Credit Union through today. The lease rate through this credit union is better than the national ad. If you are making the deal tonight, and are on LI, I can get some more money off at the dealership.Let me know if this is the case. I'll check back before 6PM.
Now, it's true that you do need a confirmation letter from Volvo, but I had someone stop by the NY Autoshow on the 11th hour and fill out the form.
To make a long story short, I (or rather my wife) am $500 richer
So, at the end , we are paying $362 (plus tax) per month, 24months, 10kmiles/year with $0/0/0 at signing for a $39500 car. In my opinion that's a lot of car for the money . :shades:
Just checking in again...can you tell me what the current 3rd party bank lease incentives are for the S80 T6 and V8?
Thanks,
Jabber
Here is my initial offer from a dealer in Update NY for a 24 month lease on a base Black S80 3.2 with the climate package. $4,700 down, $399 / month. This is +$20 / month over the base offer on the Volvo website for the Climate Package. The down payment consists of:
First Payment $399.98
Taxes $1027.93
Dealer Fees $67.50
Acquisition Fee $895.00
Cap Reduction $2309.59
My take is regardless of selling price, rv, lease rate factor, etc., there should be an amount to target as total outlay. Is $13,877 a good number over 24 months (~$578 / month)?
Thanks...
Thanks
36 months and 12K miles for 2008 Volvo S80 with metallic paint, climate, park assist, and satellite prep:
Cap Cost $33,261
Resid $19,524
Acquisition $595
Tax 8%
Rate 4.5%
Nothing down, all in monthly cost @ $555 / month. I cannot get their numbers to match any lease calculator online, but I see another dealer's deal that looks superior - http://www.mtkiscovolvo.com/lease/dsp_leasespecial.cfm?id=5
I am thinking that ~$520 seems more reasonable, but I cannot ferret out the place where the number was inflated. Thoughts?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I apologize for this general question but I would like to have a number to start with dealer I am visiting this week.