sorry for coming with a very basic question.. but car leases are new to me and I'm about to sign the lease papers for an R-Design XC40 36mo/10k ($44.040 MSRP) in a few weeks here in Texas. I see in the post on page 4 by @kyfdx the following values for the car in question: RDES: .00027 MF and 63% residual
Is that the 'buy rate' of the MF offer by Volvo Car Financial Services to the dealership? And anything on top of that is the markup by the dealership? For me .00027 MF (APR: 0.65%) sounds incredibly low and unrealistic for a lease..? What am I missing.. I believe they currently quickly quoted a MF of .00135 without running a credit check.
I guess my real question then is.. how do I know when I've reached a good MF in case they are willing to negotiate?
sorry for coming with a very basic question.. but car leases are new to me and I'm about to sign the lease papers for an R-Design XC40 36mo/10k ($44.040 MSRP) in a few weeks here in Texas. I see in the post on page 4 by @kyfdx the following values for the car in question: RDES: .00027 MF and 63% residual
Is that the 'buy rate' of the MF offer by Volvo Car Financial Services to the dealership? And anything on top of that is the markup by the dealership? For me .00027 MF (APR: 0.65%) sounds incredibly low and unrealistic for a lease..? What am I missing.. I believe they currently quickly quoted a MF of .00135 without running a credit check.
I guess my real question then is.. how do I know when I've reached a good MF in case they are willing to negotiate?
Thanks, Sebastian
The MF we quote is the base rate for top tier credit. Anything higher is either a markup by the dealer or based on a lower credit score.
Yes, the MF is very low number, to help move inventory.
sorry for coming with a very basic question.. but car leases are new to me and I'm about to sign the lease papers for an R-Design XC40 36mo/10k ($44.040 MSRP) in a few weeks here in Texas. I see in the post on page 4 by @kyfdx the following values for the car in question: RDES: .00027 MF and 63% residual
Is that the 'buy rate' of the MF offer by Volvo Car Financial Services to the dealership? And anything on top of that is the markup by the dealership? For me .00027 MF (APR: 0.65%) sounds incredibly low and unrealistic for a lease..? What am I missing.. I believe they currently quickly quoted a MF of .00135 without running a credit check.
I guess my real question then is.. how do I know when I've reached a good MF in case they are willing to negotiate?
sorry for coming with a very basic question.. but car leases are new to me and I'm about to sign the lease papers for an R-Design XC40 36mo/10k ($44.040 MSRP) in a few weeks here in Texas. I see in the post on page 4 by @kyfdx the following values for the car in question: RDES: .00027 MF and 63% residual
Is that the 'buy rate' of the MF offer by Volvo Car Financial Services to the dealership? And anything on top of that is the markup by the dealership? For me .00027 MF (APR: 0.65%) sounds incredibly low and unrealistic for a lease..? What am I missing.. I believe they currently quickly quoted a MF of .00135 without running a credit check.
I guess my real question then is.. how do I know when I've reached a good MF in case they are willing to negotiate?
Ok thanks... So in case the MF (interest) when leasing is close to zero, wouldn't it always make sense to lease (and then buy the car after the 3 years etc.) if you're a person interested in owning the car? Have not seen as low APRs for financing.. Seems I'm still missing something.. Sorry.
To not go too much off topic, will sign the final XC40 lease papers in a few weeks and will report back the lowest rates I was able to negotiate.
Ok thanks... So in case the MF (interest) when leasing is close to zero, wouldn't it always make sense to lease (and then buy the car after the 3 years etc.) if you're a person interested in owning the car? Have not seen as low APRs for financing.. Seems I'm still missing something.. Sorry.
To not go too much off topic, will sign the final XC40 lease papers in a few weeks and will report back the lowest rates I was able to negotiate.
A few things to think about.
There is an acquisition fee when you lease - $695 base (often marked up to $995 by dealers). Don't have that charge when you buy.
At the end of 3 years, you are buying a used car ... at used car interest rates.
Last, the market value could be significantly less than the buyout price, but you can't negotiate it. All the money you saved in the lease could be lost (and then some) because of this.
Leasing, then buying, generally doesn't make a lot of sense.
Please provide the numbers for 2019 XC40 Momentum T5 AWD for NJ 24/10, 24/12, 24/15 36/10, 36/12, 36/15 Also, what are the current offers, incentives, bonuses, allowances, deals, etc. Thank you.
Please provide the numbers for 2019 XC40 Momentum T5 AWD for NJ 24/10, 24/12, 24/15 36/10, 36/12, 36/15 Also, what are the current offers, incentives, bonuses, allowances, deals, etc. Thank you.
.00047 and 63% (24/15) or 61% (36/15) Add 2% for 12K or 3% for 10K No lease incentives, this month
Am i crazy that the Care by Volvo subscription for the XC40 -- which is a pre-determined vehicle - Momentum with many of the optional packages, at $600/month is a pretty decent deal? That's for up to 15,000miles a year, includes car insurance, nothing down and for 24 months. That's $14,400 for two years to drive this car. I was given a residual value of 0.64 and money factor of 0.00082 on a $42,025 MSRP lease option for a similar XC40 to the subscription option. I calculate the depreciation amount on this lease option to be about $14,800. And that's on a limit of 10,000 miles. The monthly lease payment was about $540 and on $2000 down. This is adding up to be that subscription deal isn't so bad after all...am i doing my math right???
Am i crazy that the Care by Volvo subscription for the XC40 -- which is a pre-determined vehicle - Momentum with many of the optional packages, at $600/month is a pretty decent deal? That's for up to 15,000miles a year, includes car insurance, nothing down and for 24 months. That's $14,400 for two years to drive this car. I was given a residual value of 0.64 and money factor of 0.00082 on a $42,025 MSRP lease option for a similar XC40 to the subscription option. I calculate the depreciation amount on this lease option to be about $14,800. And that's on a limit of 10,000 miles. The monthly lease payment was about $540 and on $2000 down. This is adding up to be that subscription deal isn't so bad after all...am i doing my math right???
It all depends on what you can negotiate the price to in the traditional lease scenario.
There have been some questions about the subscription program, from Volvo and others - is this your only car? If not, how would it work if you had two different companies insuring the different vehicles?
I don't think anyone has penciled out the math yet to see if the Care by Volvo is, in fact, a better deal than a traditional lease.
Am i crazy that the Care by Volvo subscription for the XC40 -- which is a pre-determined vehicle - Momentum with many of the optional packages, at $600/month is a pretty decent deal? That's for up to 15,000miles a year, includes car insurance, nothing down and for 24 months. That's $14,400 for two years to drive this car. I was given a residual value of 0.64 and money factor of 0.00082 on a $42,025 MSRP lease option for a similar XC40 to the subscription option. I calculate the depreciation amount on this lease option to be about $14,800. And that's on a limit of 10,000 miles. The monthly lease payment was about $540 and on $2000 down. This is adding up to be that subscription deal isn't so bad after all...am i doing my math right???
If it's your only vehicle, and you are a single person household, $600/mo. would be a great deal. If that happens, let us know, because I doubt that price, once you get into the nuts and bolts.
Am i crazy that the Care by Volvo subscription for the XC40 -- which is a pre-determined vehicle - Momentum with many of the optional packages, at $600/month is a pretty decent deal? That's for up to 15,000miles a year, includes car insurance, nothing down and for 24 months. That's $14,400 for two years to drive this car. I was given a residual value of 0.64 and money factor of 0.00082 on a $42,025 MSRP lease option for a similar XC40 to the subscription option. I calculate the depreciation amount on this lease option to be about $14,800. And that's on a limit of 10,000 miles. The monthly lease payment was about $540 and on $2000 down. This is adding up to be that subscription deal isn't so bad after all...am i doing my math right???
If it's your only vehicle, and you are a single person household, $600/mo. would be a great deal. If that happens, let us know, because I doubt that price, once you get into the nuts and bolts.
I think you're right, but I also think in about a year or whenever Volvo gets more units pushed out to dealers and there isn't more demand than supply, the lease deals will be much better and then the $600/month (that's what the website says -- no negotiation, no additional fees - it is $600/month) won't be as good an offer.
My conspiracy theory is that Volvo is doing this limited release to generate interest in the subscription service by releasing limited supply of vehicles to dealers, giving dealers the power and limit consumer's negotiation for the diehard consumers willing to pay above MSRP. This will drive higher lease options/lower opportunities for negotiation and it's putting someone like me who does research, but is no car buying expert, into the bucket of being interested and willing now to sign up for the subscription service (which doesn't bring revenue into local dealers!)...anyway, just wondering how this subscription service will pan out and what it means.
Am i crazy that the Care by Volvo subscription for the XC40 -- which is a pre-determined vehicle - Momentum with many of the optional packages, at $600/month is a pretty decent deal? That's for up to 15,000miles a year, includes car insurance, nothing down and for 24 months. That's $14,400 for two years to drive this car. I was given a residual value of 0.64 and money factor of 0.00082 on a $42,025 MSRP lease option for a similar XC40 to the subscription option. I calculate the depreciation amount on this lease option to be about $14,800. And that's on a limit of 10,000 miles. The monthly lease payment was about $540 and on $2000 down. This is adding up to be that subscription deal isn't so bad after all...am i doing my math right???
If it's your only vehicle, and you are a single person household, $600/mo. would be a great deal. If that happens, let us know, because I doubt that price, once you get into the nuts and bolts.
I think you're right, but I also think in about a year or whenever Volvo gets more units pushed out to dealers and there isn't more demand than supply, the lease deals will be much better and then the $600/month (that's what the website says -- no negotiation, no additional fees - it is $600/month) won't be as good an offer.
My conspiracy theory is that Volvo is doing this limited release to generate interest in the subscription service by releasing limited supply of vehicles to dealers, giving dealers the power and limit consumer's negotiation for the diehard consumers willing to pay above MSRP. This will drive higher lease options/lower opportunities for negotiation and it's putting someone like me who does research, but is no car buying expert, into the bucket of being interested and willing now to sign up for the subscription service (which doesn't bring revenue into local dealers!)...anyway, just wondering how this subscription service will pan out and what it means.
Im on the same boat. I was almost about to submit and reserve for the subscription, but put it in hold. The 600 and 700 a month they say will not be the final number. Been trying to communicate with all dealers in my area and they say they don't know anything about the subscription (or they just say this because they're not willing to entertain the subscription). They tell me I'll have to pay some fees and taxes on the full MSRP (Im in Texas) but still can't give me a final number.
I called volvo directly and they tell me to go to the dealers to get the final number. Really unorganized and not rolled out well to begin with.
Am i crazy that the Care by Volvo subscription for the XC40 -- which is a pre-determined vehicle - Momentum with many of the optional packages, at $600/month is a pretty decent deal? That's for up to 15,000miles a year, includes car insurance, nothing down and for 24 months. That's $14,400 for two years to drive this car. I was given a residual value of 0.64 and money factor of 0.00082 on a $42,025 MSRP lease option for a similar XC40 to the subscription option. I calculate the depreciation amount on this lease option to be about $14,800. And that's on a limit of 10,000 miles. The monthly lease payment was about $540 and on $2000 down. This is adding up to be that subscription deal isn't so bad after all...am i doing my math right???
If it's your only vehicle, and you are a single person household, $600/mo. would be a great deal. If that happens, let us know, because I doubt that price, once you get into the nuts and bolts.
I think you're right, but I also think in about a year or whenever Volvo gets more units pushed out to dealers and there isn't more demand than supply, the lease deals will be much better and then the $600/month (that's what the website says -- no negotiation, no additional fees - it is $600/month) won't be as good an offer.
My conspiracy theory is that Volvo is doing this limited release to generate interest in the subscription service by releasing limited supply of vehicles to dealers, giving dealers the power and limit consumer's negotiation for the diehard consumers willing to pay above MSRP. This will drive higher lease options/lower opportunities for negotiation and it's putting someone like me who does research, but is no car buying expert, into the bucket of being interested and willing now to sign up for the subscription service (which doesn't bring revenue into local dealers!)...anyway, just wondering how this subscription service will pan out and what it means.
Im on the same boat. I was almost about to submit and reserve for the subscription, but put it in hold. The 600 and 700 a month they say will not be the final number. Been trying to communicate with all dealers in my area and they say they don't know anything about the subscription (or they just say this because they're not willing to entertain the subscription). They tell me I'll have to pay some fees and taxes on the full MSRP (Im in Texas) but still can't give me a final number.
I called volvo directly and they tell me to go to the dealers to get the final number. Really unorganized and not rolled out well to begin with.
Not sure I'd want to field test this program with my money, that's for sure.
Please post May RV/MF when available. 24/30/36M / 10K miles. In NC if it matters.
Curious if the figures are different (better) anywhere else??
Thanks...you guys rock!
Which trim?
Definitely T5. Not sure Momentum vs R. Can you please post both?
Requesting MF and residual for Momentum and R design for 24month 10k/12k/15k and 36 month 10k/12k/15k. Also interested in opinion on if the MF differential for Rdesign and Momentum would make up for he difference in price. Thanks.
Requesting MF and residual for Momentum and R design for 24month 10k/12k/15k and 36 month 10k/12k/15k. Also interested in opinion on if the MF differential for Rdesign and Momentum would make up for he difference in price. Thanks.
15K/yr RDES: .00007 MF and 62%/59% residual for 24/36 mo MOM: .00047 MF and 63%/61% residual Add 2% or 3% for 12K/10K Just forget about 24 months.
No.. with the higher residual on the Momentum, the lower money factor won't be enough to give a comparable monthly payment.
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
What selling price or adjusted cap cost is associated with this offer?
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
What selling price or adjusted cap cost is associated with this offer?
How much is the dealer asking for at signing?
.00007 and 62% / 58%
36 months will get you a better payment.
Thanks for response! I’m getting $1000 off MSRP. So $44,935 total. No money down at signing, I just have to pay first months payment. The fees...destination fees or whatever they usually charge are rolled into that $564 per month. Those fees are around $600. So I should do 36 months and that’s a 58% residual versus 62% for 39 months?
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
What selling price or adjusted cap cost is associated with this offer?
How much is the dealer asking for at signing?
.00007 and 62% / 58%
36 months will get you a better payment.
Thanks for response! I’m getting $1000 off MSRP. So $44,935 total. No money down at signing, I just have to pay first months payment. The fees...destination fees or whatever they usually charge are rolled into that $564 per month. Those fees are around $600. So I should do 36 months and that’s a 58% residual versus 62% for 39 months?
Yes.. stick with 36 months. Should be slightly less than 39 months.
The MSRP is $45,935? ($1000 more than the sale price?) That payment is about $530/mo, pre-tax. At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment. That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
What selling price or adjusted cap cost is associated with this offer?
How much is the dealer asking for at signing?
.00007 and 62% / 58%
36 months will get you a better payment.
Thanks for response! I’m getting $1000 off MSRP. So $44,935 total. No money down at signing, I just have to pay first months payment. The fees...destination fees or whatever they usually charge are rolled into that $564 per month. Those fees are around $600. So I should do 36 months and that’s a 58% residual versus 62% for 39 months?
Yes.. stick with 36 months. Should be slightly less than 39 months.
The MSRP is $45,935? ($1000 more than the sale price?)
That payment is about $530/mo, pre-tax.
At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment.
That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
Ok, so I was just told by the dealer that the $564 a month is for the 36 month lease. He said "You do not have to pay ANY fees to the dealer. Total inception fees normally would be $2284. I put this lease together with the least possible money of our pocket knowing that you are turning in your current lease to Acura and have a turn-in fee. No upfront fees charged to you by Volvo and when you pick up your first month is all that is due."
So, given that, is $564 a month for the T5 Redesign good payment with nothing at all paid up front except the first month for a 36 month 10k lease? He said the price for 12k miles would be $579 if I choose to go that route.
Again, I appreciate your help! I've bought a few cars, but only leased one to this point and don't fully know the ins and outs!
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
What selling price or adjusted cap cost is associated with this offer?
How much is the dealer asking for at signing?
.00007 and 62% / 58%
36 months will get you a better payment.
Thanks for response! I’m getting $1000 off MSRP. So $44,935 total. No money down at signing, I just have to pay first months payment. The fees...destination fees or whatever they usually charge are rolled into that $564 per month. Those fees are around $600. So I should do 36 months and that’s a 58% residual versus 62% for 39 months?
Yes.. stick with 36 months. Should be slightly less than 39 months.
The MSRP is $45,935? ($1000 more than the sale price?) That payment is about $530/mo, pre-tax. At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment. That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
Ok, so I was just told by the dealer that the $564 a month is for the 36 month lease. He said "You do not have to pay ANY fees to the dealer. Total inception fees normally would be $2284. I put this lease together with the least possible money of our pocket knowing that you are turning in your current lease to Acura and have a turn-in fee. No upfront fees charged to you by Volvo and when you pick up your first month is all that is due."
So, given that, is $564 a month for the T5 Redesign good payment with nothing at all paid up front except the first month for a 36 month 10k lease? He said the price for 12k miles would be $579 if I choose to go that route.
Again, I appreciate your help! I've bought a few cars, but only leased one to this point and don't fully know the ins and outs!
You are paying the fees, so it's important to know what they are, even if they are rolled into the payment. Along with any other costs. Can't give you an opinion, without the details.
So, what is the MSRP? Adjusted CAP cost? Itemization of the $2284?
Without that, we are just guessing. Of course, if you aren't interested in negotiating the deal, then it won't matter.
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
What selling price or adjusted cap cost is associated with this offer?
How much is the dealer asking for at signing?
.00007 and 62% / 58%
36 months will get you a better payment.
Thanks for response! I’m getting $1000 off MSRP. So $44,935 total. No money down at signing, I just have to pay first months payment. The fees...destination fees or whatever they usually charge are rolled into that $564 per month. Those fees are around $600. So I should do 36 months and that’s a 58% residual versus 62% for 39 months?
Yes.. stick with 36 months. Should be slightly less than 39 months.
The MSRP is $45,935? ($1000 more than the sale price?)
That payment is about $530/mo, pre-tax.
At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment.
That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
Ok, so I was just told by the dealer that the $564 a month is for the 36 month lease. He said "You do not have to pay ANY fees to the dealer. Total inception fees normally would be $2284. I put this lease together with the least possible money of our pocket knowing that you are turning in your current lease to Acura and have a turn-in fee. No upfront fees charged to you by Volvo and when you pick up your first month is all that is due."
So, given that, is $564 a month for the T5 Redesign good payment with nothing at all paid up front except the first month for a 36 month 10k lease? He said the price for 12k miles would be $579 if I choose to go that route.
Again, I appreciate your help! I've bought a few cars, but only leased one to this point and don't fully know the ins and outs!
No I definitely am interested in negotiating the cost...but I've asked three times and he wont respond with those specific numbers and I can't go by there for another couple days. The MSRP is $45,935, but they are allowing a $1000 discount to make the sales price $44,935.
Hello! Hoping you can provide your thoughts. Live in CT. Car being sold in Milford, CT. $44,935. Dealer is offering me 39 months 10k miles for $564 a month (Including monthly taxes around $33 per month and $600 in fees), no money down. Is this a good deal based on the MF and RV? Is 39 months bad...ie should I do 36? This is an T5 R-Design.
What selling price or adjusted cap cost is associated with this offer?
How much is the dealer asking for at signing?
.00007 and 62% / 58%
36 months will get you a better payment.
Thanks for response! I’m getting $1000 off MSRP. So $44,935 total. No money down at signing, I just have to pay first months payment. The fees...destination fees or whatever they usually charge are rolled into that $564 per month. Those fees are around $600. So I should do 36 months and that’s a 58% residual versus 62% for 39 months?
Yes.. stick with 36 months. Should be slightly less than 39 months.
The MSRP is $45,935? ($1000 more than the sale price?) That payment is about $530/mo, pre-tax. At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment. That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
Ok, so I was just told by the dealer that the $564 a month is for the 36 month lease. He said "You do not have to pay ANY fees to the dealer. Total inception fees normally would be $2284. I put this lease together with the least possible money of our pocket knowing that you are turning in your current lease to Acura and have a turn-in fee. No upfront fees charged to you by Volvo and when you pick up your first month is all that is due."
So, given that, is $564 a month for the T5 Redesign good payment with nothing at all paid up front except the first month for a 36 month 10k lease? He said the price for 12k miles would be $579 if I choose to go that route.
Again, I appreciate your help! I've bought a few cars, but only leased one to this point and don't fully know the ins and outs!
No I definitely am interested in negotiating the cost...but I've asked three times and he wont respond with those specific numbers and I can't go by there for another couple days. The MSRP is $45,935, but they are allowing a $1000 discount to make the sales price $44,935.
As I noted, at the base numbers, there looks to be around $2500 in extra charges. If they say $2284, that's pretty close. But, what are you paying for? $895 acquisition fee... but, what else? That's a lot of money, to not have it itemized.
Ok! Thank you! I will try to get those itemizations before I got back to sign anything, because you are right. There is a $495 fee for something else in addition to acquistion fee and I know I have to pay tax. He just told me that adjusted cap cost is $46,907 and the fees are $2,069... they went down a bit somehow... He said if I pay the $2069 up front, it would take the payment down to $487 with taxes included. But I will find out exactly what's wrapped into that fee. Your insight has been very helpful!
Comments
36/15
.00047 MF and 61% residual
Check with a dealer for how they handle residual reduction for the extra 15K miles.
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sorry for coming with a very basic question.. but car leases are new to me and I'm about to sign the lease papers for an R-Design XC40 36mo/10k ($44.040 MSRP) in a few weeks here in Texas.
I see in the post on page 4 by @kyfdx the following values for the car in question:
RDES: .00027 MF and 63% residual
Is that the 'buy rate' of the MF offer by Volvo Car Financial Services to the dealership?
And anything on top of that is the markup by the dealership?
For me .00027 MF (APR: 0.65%) sounds incredibly low and unrealistic for a lease..? What am I missing..
I believe they currently quickly quoted a MF of .00135 without running a credit check.
I guess my real question then is.. how do I know when I've reached a good MF in case they are willing to negotiate?
Thanks,
Sebastian
Yes, the MF is very low number, to help move inventory.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00007 MF and 62% residual for 36/10
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Have not seen as low APRs for financing..
Seems I'm still missing something.. Sorry.
To not go too much off topic, will sign the final XC40 lease papers in a few weeks and will report back the lowest rates I was able to negotiate.
There is an acquisition fee when you lease - $695 base (often marked up to $995 by dealers). Don't have that charge when you buy.
At the end of 3 years, you are buying a used car ... at used car interest rates.
Last, the market value could be significantly less than the buyout price, but you can't negotiate it. All the money you saved in the lease could be lost (and then some) because of this.
Leasing, then buying, generally doesn't make a lot of sense.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
24/10, 24/12, 24/15
36/10, 36/12, 36/15
Also, what are the current offers, incentives, bonuses, allowances, deals, etc.
Thank you.
Add 2% for 12K or 3% for 10K
No lease incentives, this month
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2018 Volvo S60 AWD Dynamic vs 2018 Volvo S60 AWD Inscription?
https://forums.edmunds.com/discussion/46586/volvo/s60/2018-volvo-s60-lease-deals-and-prices#latest
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
There have been some questions about the subscription program, from Volvo and others - is this your only car? If not, how would it work if you had two different companies insuring the different vehicles?
I don't think anyone has penciled out the math yet to see if the Care by Volvo is, in fact, a better deal than a traditional lease.
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12K/36 and 15K/36
Thank you,
My conspiracy theory is that Volvo is doing this limited release to generate interest in the subscription service by releasing limited supply of vehicles to dealers, giving dealers the power and limit consumer's negotiation for the diehard consumers willing to pay above MSRP. This will drive higher lease options/lower opportunities for negotiation and it's putting someone like me who does research, but is no car buying expert, into the bucket of being interested and willing now to sign up for the subscription service (which doesn't bring revenue into local dealers!)...anyway, just wondering how this subscription service will pan out and what it means.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I called volvo directly and they tell me to go to the dealers to get the final number. Really unorganized and not rolled out well to begin with.
I called volvo directly and they tell me to go to the dealers to get the final number. Really unorganized and not rolled out well to begin with.
Not sure I'd want to field test this program with my money, that's for sure.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Curious if the figures are different (better) anywhere else??
Thanks...you guys rock!
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T5 MOM - .00047 and 66% / 65% / 64%
T5 RDES - .00007 and 65% / 62% / 62%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
10K/36, 12K/36 and 15K/36. Thank you so much.
Nearby dealer offering $325 Per Month For 36 Months. $3,325 Due At Signing for 10k/36 based on $36,195 MSRP.
Add 2% for 12K or 3% for 10K
$3300 is a lot of up front money to start a lease. We recommend just first payment and registration costs.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
RDES: .00007 MF and 62%/59% residual for 24/36 mo
MOM: .00047 MF and 63%/61% residual
Add 2% or 3% for 12K/10K
Just forget about 24 months.
No.. with the higher residual on the Momentum, the lower money factor won't be enough to give a comparable monthly payment.
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MOM: .00047 MF and 64% residual
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MOM - .00047 and 64%
RDES - .00007 and 62%
INSC - .00014 and 62%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
How much is the dealer asking for at signing?
.00007 and 62% / 58%
36 months will get you a better payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
NY
t5 Momentum
36/15k
what would MF and RV be for Rdesign & momentum for 10k Miles, 36 months, Southern California (LA area)? Both T5.
thanks!!
MOM: .00047 MF and 64% residual
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Yes.. stick with 36 months. Should be slightly less than 39 months.
The MSRP is $45,935? ($1000 more than the sale price?)
That payment is about $530/mo, pre-tax.
At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment.
That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
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So, given that, is $564 a month for the T5 Redesign good payment with nothing at all paid up front except the first month for a 36 month 10k lease? He said the price for 12k miles would be $579 if I choose to go that route.
Again, I appreciate your help! I've bought a few cars, but only leased one to this point and don't fully know the ins and outs!
Yes.. stick with 36 months. Should be slightly less than 39 months.
The MSRP is $45,935? ($1000 more than the sale price?)
That payment is about $530/mo, pre-tax.
At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment.
That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
Ok, so I was just told by the dealer that the $564 a month is for the 36 month lease. He said "You do not have to pay ANY fees to the dealer. Total inception fees normally would be $2284. I put this lease together with the least possible money of our pocket knowing that you are turning in your current lease to Acura and have a turn-in fee. No upfront fees charged to you by Volvo and when you pick up your first month is all that is due."
So, given that, is $564 a month for the T5 Redesign good payment with nothing at all paid up front except the first month for a 36 month 10k lease? He said the price for 12k miles would be $579 if I choose to go that route.
Again, I appreciate your help! I've bought a few cars, but only leased one to this point and don't fully know the ins and outs!
You are paying the fees, so it's important to know what they are, even if they are rolled into the payment. Along with any other costs. Can't give you an opinion, without the details.
So, what is the MSRP?
Adjusted CAP cost?
Itemization of the $2284?
Without that, we are just guessing. Of course, if you aren't interested in negotiating the deal, then it won't matter.
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The MSRP is $45,935? ($1000 more than the sale price?)
That payment is about $530/mo, pre-tax.
At the base money factor, the adjusted CAP cost would have to be approx. $47,400 to get that payment.
That's about $2500 in upfront charges from the sale price you listed.
Ask for the adjusted CAP cost, and an itemization of charges and fees.
Ok, so I was just told by the dealer that the $564 a month is for the 36 month lease. He said "You do not have to pay ANY fees to the dealer. Total inception fees normally would be $2284. I put this lease together with the least possible money of our pocket knowing that you are turning in your current lease to Acura and have a turn-in fee. No upfront fees charged to you by Volvo and when you pick up your first month is all that is due."
So, given that, is $564 a month for the T5 Redesign good payment with nothing at all paid up front except the first month for a 36 month 10k lease? He said the price for 12k miles would be $579 if I choose to go that route.
Again, I appreciate your help! I've bought a few cars, but only leased one to this point and don't fully know the ins and outs!
No I definitely am interested in negotiating the cost...but I've asked three times and he wont respond with those specific numbers and I can't go by there for another couple days. The MSRP is $45,935, but they are allowing a $1000 discount to make the sales price $44,935.
As I noted, at the base numbers, there looks to be around $2500 in extra charges. If they say $2284, that's pretty close. But, what are you paying for? $895 acquisition fee... but, what else? That's a lot of money, to not have it itemized.
Otherwise, no issue with the price.
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MSRP: $44,235
sale price: $43,735
lease
12k Miles = $580. .00067
10k Miles = $567. .00067
36 months
$1500 down
zip: 94947
thoughts? Thanks