2024 Volvo S60 Lease Deals, Incentives, Rebates, and Prices

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  • kyfdxkyfdx Moderator Posts: 232,939

    Hi, can I get numbers for 60640 B5 AWD Ultimate Dark 10k/36 mos as well as whatever the next mileage down is (7,000? Can’t remember…) plus any loyalty cash/incentives? Thanks!

    .00028 MF and 53% residual
    $2000 lease bonus
    $500 loyalty

    +1% for 7.5K/yr

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  • newjeep2015newjeep2015 Member Posts: 142

    @Michaell said:
    The lease bonus is to the dealer, and will be reflected in the selling price. Negotiate accordingly.

    Would you be able to provide the update for October?

  • MichaellMichaell Moderator Posts: 238,117

    @Michaell said:

    The lease bonus is to the dealer, and will be reflected in the selling price. Negotiate accordingly.

    Would you be able to provide the update for October?


    Not until Tuesday. Ask again, then.

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  • newjeep2015newjeep2015 Member Posts: 142

    @Michaell said:
    Not until Tuesday. Ask again, then.

    Checking back for this month’s numbers…thanks.

  • kyfdxkyfdx Moderator Posts: 232,939

    @Michaell said:

    Not until Tuesday. Ask again, then.

    Checking back for this month’s numbers…thanks.


    Ask your question

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  • newjeep2015newjeep2015 Member Posts: 142

    @kyfdx said:
    Ask your question

    Are you a bot, and what are the current numbers for a Recharge Dark Ultimate in 90210 for a 12k/36-month term?

  • MichaellMichaell Moderator Posts: 238,117

    @kyfdx said:

    Ask your question

    Are you a bot, and what are the current numbers for a Recharge Dark Ultimate in 90210 for a 12k/36-month term?


    I can assure you we are real people, but we don't have the bandwidth to scroll back to find your original post. It's best to avoid questions like "did the numbers change?" or "what about ZIP 99999?"

    .00210 MF and 52% RV
    $7500 PHEV bonus
    $3000 lease bonus

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  • ejcarejcar Member Posts: 1
    Hi, could you please provide MF, RV and any incentives in 06511:

    36/15k for all
    2024 S60 T8 Recharge Plus Dark
    2024 S60 T8 Recharge Plus Black Edition
    2024 S60 T8 Recharge Ultimate Dark

    Thank you!
  • MichaellMichaell Moderator Posts: 238,117
    ejcar said:

    Hi, could you please provide MF, RV and any incentives in 06511:

    36/15k for all
    2024 S60 T8 Recharge Plus Dark
    2024 S60 T8 Recharge Plus Black Edition
    2024 S60 T8 Recharge Ultimate Dark

    Thank you!

    .00224 MF and 50% RV
    .00217 MF and 50% RV
    .00210 MF and 50% RV
    $7500 PHEV credit

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  • chucker_tchucker_t Member Posts: 1
    Hello, may I please get MF, RV, and incentives in 78701?

    36/12k S60 Recharge Plug-In Hybrid T8 Plus Dark

    Thank you!
  • kyfdxkyfdx Moderator Posts: 232,939
    chucker_t said:

    Hello, may I please get MF, RV, and incentives in 78701?

    36/12k S60 Recharge Plug-In Hybrid T8 Plus Dark

    Thank you!

    .00224 MF and 52% residual
    $7500 PHEV incentive

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  • foodporncessfoodporncess Member Posts: 37
    kyfdx said:

    Hi, can I get numbers for 60640 B5 AWD Ultimate Dark 10k/36 mos as well as whatever the next mileage down is (7,000? Can’t remember…) plus any loyalty cash/incentives? Thanks!

    .00028 MF and 53% residual
    $2000 lease bonus
    $500 loyalty

    +1% for 7.5K/yr
    Hi, I'm wondering if this MF is supposed to be .0028 because that seems super low! Also, are those October numbers or September?
    Thank you so much!
  • MichaellMichaell Moderator Posts: 238,117

    kyfdx said:

    Hi, can I get numbers for 60640 B5 AWD Ultimate Dark 10k/36 mos as well as whatever the next mileage down is (7,000? Can’t remember…) plus any loyalty cash/incentives? Thanks!

    .00028 MF and 53% residual
    $2000 lease bonus
    $500 loyalty

    +1% for 7.5K/yr
    Hi, I'm wondering if this MF is supposed to be .0028 because that seems super low! Also, are those October numbers or September?
    Thank you so much!
    Those were the September numbers.

    October
    .00028 and 53% (yes, three 0's)
    $3000 lease bonus
    $500 loyalty

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  • foodporncessfoodporncess Member Posts: 37
    Michaell said:

    kyfdx said:

    Hi, can I get numbers for 60640 B5 AWD Ultimate Dark 10k/36 mos as well as whatever the next mileage down is (7,000? Can’t remember…) plus any loyalty cash/incentives? Thanks!

    .00028 MF and 53% residual
    $2000 lease bonus
    $500 loyalty

    +1% for 7.5K/yr
    Hi, I'm wondering if this MF is supposed to be .0028 because that seems super low! Also, are those October numbers or September?
    Thank you so much!
    Those were the September numbers.

    October
    .00028 and 53% (yes, three 0's)
    $3000 lease bonus
    $500 loyalty
    Whoa. If I give you what I'm going to propose to the dealer, can you tell me if it looks OK? Because he just texted me 7,500 miles/ 36 months (I'm a very low-mile driver), $814.86 per month. He is saying he's discounting the car by $3,500 (assuming from the MSRP of $51,980). That doesn't even feel close to what I get (which also includes me turning in my 2021 XC60 w/ 9,393 miles on it).

    When I plug in my numbers, I come out with a little over $500/month.
  • kyfdxkyfdx Moderator Posts: 232,939

    Michaell said:

    kyfdx said:

    Hi, can I get numbers for 60640 B5 AWD Ultimate Dark 10k/36 mos as well as whatever the next mileage down is (7,000? Can’t remember…) plus any loyalty cash/incentives? Thanks!

    .00028 MF and 53% residual
    $2000 lease bonus
    $500 loyalty

    +1% for 7.5K/yr
    Hi, I'm wondering if this MF is supposed to be .0028 because that seems super low! Also, are those October numbers or September?
    Thank you so much!
    Those were the September numbers.

    October
    .00028 and 53% (yes, three 0's)
    $3000 lease bonus
    $500 loyalty
    Whoa. If I give you what I'm going to propose to the dealer, can you tell me if it looks OK? Because he just texted me 7,500 miles/ 36 months (I'm a very low-mile driver), $814.86 per month. He is saying he's discounting the car by $3,500 (assuming from the MSRP of $51,980). That doesn't even feel close to what I get (which also includes me turning in my 2021 XC60 w/ 9,393 miles on it).

    When I plug in my numbers, I come out with a little over $500/month.
    It would be better to ask to see the dealer's numbers. Otherwise, we're just guessing.

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  • foodporncessfoodporncess Member Posts: 37
    I'm really torn on if I'm getting a fair deal or not. If I share the proposed lease agreement with you, would you be willing to give me your thoughts?
  • MichaellMichaell Moderator Posts: 238,117

    I'm really torn on if I'm getting a fair deal or not. If I share the proposed lease agreement with you, would you be willing to give me your thoughts?

    Just redact any sensitive personal information (name, address, email, phone).

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  • foodporncessfoodporncess Member Posts: 37
    Cool, thank you. I feel like the markup on the MF is high, and also feels like they raised the price over the MSRP and then did the $ 3,500 in incentives. I'm just not 100% sure.


  • kyfdxkyfdx Moderator Posts: 232,939
    @foodporncess Are you in the City?

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  • kyfdxkyfdx Moderator Posts: 232,939
    edited October 2023
    @foodporncess
    They are marking up the rate from .00028 to .00078.

    Where did you get $814/mo.? The contract is for $669/mo

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  • foodporncessfoodporncess Member Posts: 37
    edited October 2023
    Oh, sorry, that was in his first text to me, and I told him to come back to me when he was serious :) He came back with this today.

    And I live in the city, the car will be housed in the city, but the dealer is in the suburbs.

    I can tell that they marked the MF up for sure, and honestly, I expect a little bit of a markup but not sure if this is too much of a markup?
  • kyfdxkyfdx Moderator Posts: 232,939

    Oh, sorry, that was in his first text to me, and I told him to come back to me when he was serious :) He came back with this today.

    And I live in the city, the car will be housed in the city, but the dealer is in the suburbs.

    I can tell that they marked the MF up for sure, and honestly, I expect a little bit of a markup but not sure if this is too much of a markup?

    I don't know what's too much. We've seen larger markups from Volvo dealers

    The numbers are exact for a .00050 markup.

    I asked about the city, because of the sales tax. The state sales tax is upfront, and added into the CAP cost on line 7 (and section 25).

    The monthly sales tax on line 16 is the City tax on leases.

    The markup adds about $41/mo to the payment. I'd offer that much less, at least.

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  • foodporncessfoodporncess Member Posts: 37
    I really appreciate you taking the time to look at this and share this with me. Thank you again!
  • asg99asg99 Member Posts: 40
    edited October 2023
    Hi, could you please provide MF, RV and any incentives in 14051:
    Thanks


    36/10k and 24/10

    2024 S60 T8 Recharge Plus Dark
    2024 S60 T8 Recharge Ultimate Dark
  • kyfdxkyfdx Moderator Posts: 232,939
    asg99 said:

    Hi, could you please provide MF, RV and any incentives in 14051:
    Thanks


    36/10k and 24/10

    2024 S60 T8 Recharge Plus Dark
    2024 S60 T8 Recharge Ultimate Dark

    .00224 MF and 60%/53% residual
    .00210 MF and 59%/53% residual

    $7500 PHEV incentive

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  • s40reds40red Member Posts: 11

    Could I please have the MF, RV and incentives for zip code 91406 on the following Volvo/trim:

    2024 Volvo S60 Recharge Ultimate/Black Edition and B/W sound.

    Also is it realistic to expect to be able to negotiate on the MSRP even if dealer is offering discounts?

  • MichaellMichaell Moderator Posts: 238,117
    s40red said:

    Could I please have the MF, RV and incentives for zip code 91406 on the following Volvo/trim:

    2024 Volvo S60 Recharge Ultimate/Black Edition and B/W sound.

    Also is it realistic to expect to be able to negotiate on the MSRP even if dealer is offering discounts?

    36/15
    .00189 MF and 49% RV
    $7500 PHEV bonus
    $3000 lease bonus

    No reason not to negotiate your best price.

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  • s40reds40red Member Posts: 11

    Hello Michaell and thank you for your response. One more question; is the MF rate you posted should I assume that rate to be the sale rate or buy rate of the dealer? Thank you!

  • MichaellMichaell Moderator Posts: 238,117
    s40red said:

    Hello Michaell and thank you for your response. One more question; is the MF rate you posted should I assume that rate to be the sale rate or buy rate of the dealer? Thank you!

    This is the buy rate. The dealer can mark it up for extra profit.

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  • s40reds40red Member Posts: 11

    Hello everyone, I was wondering if I could get some thoughts on lease deal I was offered by my local Volvo dealer. At first glance, the discounts are enticing but I’m not really sure if is realistic to expect to negotiate 4-5% off of the MSRP, considering the $7500 credit and dealer discounts.

  • MichaellMichaell Moderator Posts: 238,117
    s40red said:

    Hello everyone, I was wondering if I could get some thoughts on lease deal I was offered by my local Volvo dealer. At first glance, the discounts are enticing but I’m not really sure if is realistic to expect to negotiate 4-5% off of the MSRP, considering the $7500 credit and dealer discounts.

    I don't see any referece to the $995 acquisition fee in those screen shots.

    What is the sales tax rate where you live? If I use .00189 MF and 51% RV against the MSRP and "Total Purchase Price", I get $672/mo before tax.

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  • s40reds40red Member Posts: 11

    Sales tax is 7.25%. Exactly, I tried one of those lease calculatiors and came up with similar numbers. My only guess the dealer is inflating the MF.

  • s40reds40red Member Posts: 11

    Not sure why the dealer doesn’t include the acquisition fee in the number brakedown, but it is mentioned in the small prints.

    “Security deposit waived. The capitalized cost of your lease is the Galpin Volvo Price plus $995 lease acquisition fee .”

  • MichaellMichaell Moderator Posts: 238,117
    s40red said:

    Not sure why the dealer doesn’t include the acquisition fee in the number brakedown, but it is mentioned in the small prints.

    “Security deposit waived. The capitalized cost of your lease is the Galpin Volvo Price plus $995 lease acquisition fee .”

    If I add the $995 to the selling price, I'm within $5/mo of the dealer quote.

    Doesn't look like the MF is marked up.

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  • s40reds40red Member Posts: 11

    Is this a good deal? And, considering the dealer discount and the $7500 EV lease discount, is it realistic to think I could go in expecting to negotiate a lower sale price on the vehicle?

  • kyfdxkyfdx Moderator Posts: 232,939
    s40red said:

    Is this a good deal? And, considering the dealer discount and the $7500 EV lease discount, is it realistic to think I could go in expecting to negotiate a lower sale price on the vehicle?

    The dealer is getting $3000 from Volvo on this vehicle (lease bonus), and giving you a $4720 discount.
    The net discount is about 3% from MSRP.

    I don't know if you can do better, but I would certainly offer less.

    Sales tax rate of 7.25% seems awfully low for California.

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  • s40reds40red Member Posts: 11

    In CA when purchasing a vehicle you pay sales tax based on your zip code. Mine is 7.25%, if I was in Los Angeles county then it would be 9%. Thank you for your reply!

  • MichaellMichaell Moderator Posts: 238,117
    s40red said:

    In CA when purchasing a vehicle you pay sales tax based on your zip code. Mine is 7.25%, if I was in Los Angeles county then it would be 9%. Thank you for your reply!

    I thought it was the zip code of the dealer that determines the sales tax rate, not the registration location.

    In Colorado, it's the registration location that determines the tax rate.

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  • s40reds40red Member Posts: 11

    Well, when I got my 2017 F250 they used my zip code.

  • MichaellMichaell Moderator Posts: 238,117
    s40red said:

    Well, when I got my 2017 F250 they used my zip code.

    Of course, I haven't lived in CA for 30 years; perhaps the rules have changed.

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  • SOSSOS Member Posts: 10

    Hello, I'm looking for mf, residual and incentives for 2024 s60 recharge T8 plus dark AWD in Massachusetts for a 36/10, 24/10 and 36/12 lease. Thank you!

  • kyfdxkyfdx Moderator Posts: 232,939
    SOS said:

    Hello, I'm looking for mf, residual and incentives for 2024 s60 recharge T8 plus dark AWD in Massachusetts for a 36/10, 24/10 and 36/12 lease. Thank you!

    .00224 MF
    60%/53% residual for 24/36 mo, 10K/yr

    $7500 PHEV incentive

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  • Cole_LuberdaCole_Luberda Member Posts: 6

    Howdy! At your earliest convenience I'm looking for the mf, residual and any incentives for a 2024 s60 recharge T8 Ultimate dark in 63026 for a 36/10k and 24/10K term. Thank you!!

  • kyfdxkyfdx Moderator Posts: 232,939

    Howdy! At your earliest convenience I'm looking for the mf, residual and any incentives for a 2024 s60 recharge T8 Ultimate dark in 63026 for a 36/10k and 24/10K term. Thank you!!

    .00210 MF
    59%/53% residual

    $3000 lease bonus
    $7500 PHEV incentive

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  • ayou002ayou002 Member Posts: 29
    edited October 2023
    Hello could I get MF, RV, and incentives for 91784?

    2024 S60 B5 Ultimate Dark AWD
    36/10k please and thank you!
  • MichaellMichaell Moderator Posts: 238,117
    ayou002 said:

    Hello could I get MF, RV, and incentives for 91784?

    2024 S60 B5 Ultimate Dark AWD
    36/10k please and thank you!

    .00028 and 53%
    $3000 lease bonus

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  • rkelly17rkelly17 Member Posts: 103
    May I have the MF/residual in Pittsburgh PA 15017 for each:

    S60 Recharge Plug-In Hybrid T8 Plus Dark -
    36/10k
    36/12k

    S60 Recharge Plug-In Hybrid T8 Ultimate Dark -
    36/10k
    36/12k

    Thank you!



  • kyfdxkyfdx Moderator Posts: 232,939
    rkelly17 said:

    May I have the MF/residual in Pittsburgh PA 15017 for each:

    S60 Recharge Plug-In Hybrid T8 Plus Dark -
    36/10k
    36/12k

    S60 Recharge Plug-In Hybrid T8 Ultimate Dark -
    36/10k
    36/12k

    Thank you!



    36/12
    Plus: .00224 MF and 52% residual
    ULT: .00210 MF and 52% residual

    $7500 PHEV incentive

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  • Cole_LuberdaCole_Luberda Member Posts: 6

    Is the $3,000 lease bonus only for T8 S60’s or does it also apply to the B5’s? Also when does that lease incentive end? I have a dealer who claims they have no idea what I’m talking about.

    Thank you!

  • MichaellMichaell Moderator Posts: 238,117

    Is the $3,000 lease bonus only for T8 S60’s or does it also apply to the B5’s? Also when does that lease incentive end? I have a dealer who claims they have no idea what I’m talking about.

    Thank you!

    All Volvo programs end 10/31.

    The lease bonus is a factory to dealer incentive, which they are not required to pass along nor disclose to you. Negotiate your price, now that you know about it.

    Yes, available on the B5 as well, in your area.

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