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Volvo S40 Lease Questions
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I don't know if you would find a better deal with a lease by going elsewhere, but when I was purchasing the folks I went to were looking to close the deal because it was nearing end of month for them. If you're interested, I can give you the info for the salespeople I dealt with up there. I have no regrets going there, I just don't see how my local dealers couldn't have been more competitive. I also didn't appreciate being called a liar.
If you are interested in the contact information for the dealer I used, send me an email at volvos40.5.bigdummy@spamgourmet.com.
Good luck.
Thanks,
Alex
36 Months, 15k per year
MSRP 34375
Lease Support $6500
MF .00207
45 % Residual
$2086 Down (New York State, Westchester County, lots of fees, bank fee, etc.)
Monthly Payment $374.
Any comments?
I'm very happy that the selling price this lease is based on is approx $9500 off msrp, and there are no hidden fees or BS. The tax (it is what it is) and bank fees (set by US Bank, non neg) plus just $45 doc fee, NY $10 tire fee etc.
$377 a month for an S40 AWD, Auto, Premium, Climate, Audio, Sirius seems to me like an excellent deal. I do like the volvo more than the A4 which seems to be it's competitor and i don't think you can get an a4 quattro with all that stuff for this price.
S40 2.4i
Metallic w/ T-tec
Automatic
Select Package
Climate Package
$234/mo.
$1995 down
$845 Bank Fee
$501 Document Fees, Tags, Title, etc.
8.375% Sales Tax for NYC
Passion Red
Automatic
Climate Package
Select Package
Bluetooth Handsfree Kit
$230/month
$1000 down
36 Months, 12k miles a year
We are picking up the car next week! It's a moot point now, but how did I do? For the money it seems like an incredible deal!
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2007 S40 T5 AWD. Manual, Premium, Climate, Audio packages
MSRP - $34,000
CAP - $26,000 + $895 destination charge
Residual - 44%
$ Factor - .00209
8% tax and ~$500 DMV, transport fees
12K/year
$2000 OTD and $410/36mos.
???
Does your monthly payment include taxes? Just a few weeks ago, i negotiated "more" care for less money than you were quoted. Mine also had 15k, metallic paint, geartronic and sirius which should add around $1700 to the msrp. Similar residual and mf. A little over $2k OTD but that included the taxes and i got $377 / 36 months. So in comparison, i think you could do better.
Today I went into Rickenbaugh Volvo in Denver, CO which is 1 mile from my house and was pleasantly surprised! I hinted at already shopping at their competitor and they barely bet them by $10 a month, but when I stood up to leave they came back with this deal that I signed and drove off the lot!
S40 T5 AWD Manual
Metallic Blue Premium and Climate package + Premium sound and Sirius, keyless.
$370.69/month including taxes for 35 months
$2316.85 down
$34825 MSRP
$25861 Adjusted CAP
$14975 Residual
12k miles/year
Our salesperson said there was no difference between manual and automatics residual value and that basically denver had the same lease incentives as NJ or anywhere else. Over all it was such a positive experience having told them about the deals people were getting on this website! They were willing to match it because I did my homework and wasn't going to be satisfied until I got my price.
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I am interested in a 36-month, 10K/yr lease on an S40 2.4i automatic with the select package. The MSRP for this setup is $27,465. What money factor and residual should I be using? I live in the Philadelphia area. Thanks.
Thanks!
I am going to Lease a 2007 Volvo S40 here in Atlanta (6% tax).
Here are the numbers I got. Are they good or bad?
Here you go:
Option 1: S40 (Auto, Leather, Pwr Driver Seat, metallic silver) sticker around $27,600:
$0 Down, $380 a month (tax included), 36 month lease/ 12,000 miles OR
$1,000 Down, $350 a month (tax included), 36 month lease/12,000 miles
Option 2: S40 (Auto, T-Tec, sunrf) Sticker around $29,000
$1500 Down, $379 a month (tax included), 36 month lease/ 12,000 miles
$1000 Down, $395 a month (tax included), 36 month lease/ 12,000 miles
JUST GOT OFFERED:
S40 (Auto, sunroof, Silver w/ tan leather)
$0 Down, $399 a month (tax included), 36 month lease/ 12,000 miles
From what I can tell, this is a fantastic price. What do you think?
Volvo s40 2.4i with value package including leather seats
$359 + tax/month for 36 months 12K miles
Thoughts?
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According to the latest information that I have seen, Volvo Finance's buy rate lease money factor and residual value for a 36 month lease of an '07 S40 2.4i with 15,000 miles per year are .00147 and 49%, respectively. The numbers for an otherwise identical lease of an '07 S60 2.5T are .00017 and 42%. When negotiating your lease on these cars, make sure to take the $500 lease cash that Volvo is currently providing on the '07 S40 and $3,500 lease cash that it is providing on the S60 into account.
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Do you know how the residual changes if I go to a 12k/year or 10k/year lease? Also do you happen to know the rates for a 39 and 48 month term? Thanks for all your help.
Volvo Finance's 39 month, 15k numbers for the '07 S60 2.5T are .00172 and an unbelievably low 37%. Its 48 month numbers are .00172 and 35%.
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MSRP: $34.5K
Lease Incentive: $5K (the nos. below are after the incentive)
Down pymt: $7K
Residual: 24mos = $19K or 36mos = $15.5K
Money Factor: 24mos = .00488 or 36mos = $.00315
Pymt: 24mos = $410/mo. or 36mos = $350/mo
Taxes: No tax state
Many thanks for your input.
Also...what is the selling price of the car? That is very important to calculating the lease. And post the sell price before and after any incentives
Lease = $34.5 minus the $5K lease incentive
S40 not recommended by Consumers Reports ... surprising .. as consumers seem to like the car.
Many thanks for your time / input.
Let's see... $34.5k msrp, right? Now, I'm not going to look it up, but I'm going to assume a $32k invoice. You should be getting the incentive off invoice or near it. So let's say you are generous and go with $500 over invoice. That's $32,500. Knock off the $5k incentive and that leaves $27,500.
You put down $7k and have a $19k residual ... that only leaves $1500 to pay off over 24 months. So how in the heck does that equate to a $410 payment???
The money factors quoted to you are absolutely ridiculous, but they still wouldn't bump the payment THAT much! Heck, even if you paid full MSRP, we're still talking only $3500. Add in fees and overcharges or whatever and round it up to $5k and that's STILL just a bit over $200/mo. So I don't get it.
Are you sure someone isn't mistaking that $7k for $2k???
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Dealer said for lease: you take the MSPR minus the $5K to get the baseline (so essentially $34.5K - $5K = $29.5K and work from that point). Then for buy outright or finance it was MSRP minus $2K or $32.5K...
Guess it just depends on where the Dealer starts the baseline. Yes the money factor looks like 2x what I have seen ... crazy. Maybe I will try another Volvo dealer in town to compare.
I'll ask about the $7K vs $2K ... amazing they are that far off ...
Many thanks for your time and input.
2.4i
Auto
Select
Sirius
lojack (not included in MSRP)
MSRP $28455
Selling price $21323
$595 Bank Fee
Gross Cap cost $21918
Residual 12235.65 (43%)
MF - .0024
36mo. / 15k miles
Monthly payment 350.94
Tax 28.95
Total $379.89/mo.
Total due at signing $639.35 (includes 1st, reg, and doc fee)
How does that sound...to me it looks pretty good since it's so far under invoice with the leasing incentives. And the residual is low enough to consider buying at the end of the lease.
We can get a pretty decent 7 year loan for like 6.25%, but it seems to me that to lease it for 3 years and then potentially buy it out on a new 3-4 year loan would still be cheaper. And in case the car isn't worth keeping, we get out of it in 3 years. Thoughts?
what you have now is pretty much in line with what leasecompare is showing, so it looks good.
by the way, financing a car for 7 years is nuts. Granted, 6.25% on a 7-year note is pretty darn good, but would you really want to be making payments on a car after 6 years and 90k miles? I've come to the realization that if I can't pay off a car in 5 years, then I can't afford it.
In any case, thanks to the lease incentives on volvos, it is far better to lease, then buy it out.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I thought that I had already received a really good quote for a 2.4 w/ Auto, Select, Sirius, and Lojack from another dealer, but all things being equal, if I can get the T5 with auto and premium for a bit less and have to lose lojack and sirius, it seems worth it right?
T5 Black/Black
w/ Premium
MSRP 31435
Selling price 21533
bank fee 595
adjusted Cap Cost: 22128
residual $13202
36/15k
tax 8.25%
Monthly Payment incl. tax 353/mo.
Upfront cost $615 (1st month, upfront tax, doc fee, registration)
The other T5 deal is for one with a metalic paint job, but the monthly payment is within a couple bucks.
I'm heading to the dealer to look at the black one tonight and hopefully they will just come down a bit to account for the 475 difference in the two cars. Seems like a decent price for this car.
My the lease on my 2004 S40 ends this month and I'm in the market for a new car. I've really had to push to get the sales person to give me the money factor and and he is either great at pretending to not understand financing, or he really doesn't, but either way his wishy washy attitude on giving me all the numbers in 1 clear concise conversation leaves me feeling unsure of if I am getting a good deal or not with him. How do the following quotes seem to you? Is there room for a better deal here?
I've been given quotes for leasing an S40 2.4i with the select package for 3 years:
MSRP: $29,535
Residual: $13291
Money factor: .00237
12k miles a year
$950 due at signing includes 1st month payment, tax, tag, and title
S60 2.5T with premium package 48 month lease $359 a month
MSRP: $36,830
Residual: $24,000
Money Factor: .00215
12k miles a year
$1,000 due at signing includes 1st month payment, tax, tag, and title
Thanks for your advice!