Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
2007 S 60 AWD Premium and Climate packages with Navigation. 3 year lease, 15k per month. The deal I have pending at the dealership is, $2500 down, $406.00 per month. I know there are rebates that factor in, and I THINK I am getting a prett good deal. But I am not seasoned, so if anyone can give advice, I would certainly welcome it! Thanks to anyone that replies
Ranger11
I think you can do a bit better, alhthough that depends....
Is your $2500 down a cap cost reduction or is it taxes, license and bank fee? Do you know your MSRP and the Selling Price?
Do you have any other dealerships in your area to comparison shop with? If so, take your deal to them and see if someone else will beat it.
It seems like a good deal, but would need a bit more info to be sure...like is the 2500 all taxes, 1st month payment, plus bank fees or does it include cap money down? And how many miles per year are included? That's another key factor. If no cap money down, and you got at least 12K miles per year then I'd say you have a decent offer at $406 per month. My 2007 AWD w/premium and climate on a 36 month lease is $380 w/ 15K miles/yr and no cap money down. You're getting nav which would explain the $20 extra per month, or pretty close. Let me know how it went!
Its 15K per year, and we actually go the deal down to $399. per month. The breakdown on the $2470 down was such:
$1215 tax
$ 695 Acquisition Fee
$ 399 First month
and reg fee, inspection fee etc making up the other $170.00.
Thoughts~?? Its not too late for us to keep negotiating, if you think we're missing something.
I have tried several dealerships around L.A and have had very bad experiences. Surreal fee inventions, switches of every kind...I wonder how they sell any cars...(who would sign with things like "tire fee 8.75" in your contract?) I have several dealer replies, contracts to share if you care to know who and what.
Let me know if you make a deal!
I love this forum so far!!!
MSRP$39145.00
Cap Cost $26108.00
Residual $15649.20
Money factor .00236
35 payment $389.07 plus tax
Total out of pocket $2235.30 includes all fees and first payment
Licenses fees $567.32
Bank fees after tax $859.40
Doc fee $388.00
Total fees $1814.72
Excellent! I'm glad you got the 15K/yr miles. That's the only thing I was worried about. Tell them to give you $100 off the bank fee to match Volvo's 595 and you have a deal.
But you have a good deal anyway, IMO.
What color by the way? If it's non-metalic, be sure to knock another $475 off both the MSRP and cap cost.
Wow, that's a great deal! I would have paid an extra $10 per month for the T5. Goes to show you no matter how well you think you do, there is a good possibility someone else did better! Congrats!
Thanks alot for all your help.... If you were local I'd buy you a beer!~
Licenses fees $567.32
Bank fees after tax $859.40 - Shouldn't this be $595??
Doc fee $388.00
Total fees $1814.72
How am I getting hit with all these, when ranger is paying this...
The breakdown on the $2470 down was such:
$1215 tax
$ 695 Acquisition Fee
$ 399 First month
and reg fee, inspection fee etc making up the other $170.00.
Should the bank and doc fees be included in the MSRP?
Thanks all!!
Different banks have different acquision fees. Also, the size of the fee can depend on your credit rating.
Different dealers have different doc fees.
Finally, you can't compare different deals from different states, because the fees are different and sometimes the bank programs are too.
All you can do is to shop around within your area.
2006 S60 T5
MSRP $38310
$386 Monthly Payment
$700 Drive off including 1st month
No Additional Fees / No Cap Cost Reduction
I don't have the cap cost or residual, but I like the numbers I see!!!
Glad to help!
Do you have the car now? You're going to love it. I've only had mine for a week and there's no other car on the road I see and even have a second thought about. Only a bit curious about the T5, but must have not been meant to be. And did they go along with matching Volvo Financing's bank fee? You have to go for every bit you can, b/c you never know how much meat there is on the bone. When I leased mine I heard the best stories about how they were losing money on my deal! So keep your hankie handy
Was the T5 hard to find or did they have a few in stock? Are there any other differences from the S60 AWD other than the hp??
Just do not let them rush you in the end. Read your entire lease and understand all the numbers in it, esp fees and charges or penalites, etc. They may sell cars every day but you may only buy one once every 5 or 6 years so GO AS SLOW AS YOU LIKE/NEED TO.
Let us know how you do.
One more thing...if you didn't buy already, you might want to check out the posts about the stiffer suspension of the T5 and pay attention to this aspect when you test drive it to be sure that's what you want. (see the S-60 thread with about 2703 posts) I'm now glad to have not gone with the T5 as I find the AWD as stiff as I would want. Just another thought. If you did buy already....enjoy the hp.
Sorry I haven't checked in with the forum since my last post. DO NOT put down $2500. I only had to put down $2071. Unless you're upgrading something there's no reason you should be shelling out the extra $$$. Hope this doesn't get to you too late. Good luck.
PS Picked up the car and I'm very satisfied (the turbo makes up for the lack of V6, the front seats are comfy and the drive is nice). Only downside I see--trunk is tight as is the backseat (however, did fit a carseat, my wife and mom--ladies indicated it was fine). Since this car isn't our primary vehicle, we can tolerate it.
S60 AWD's are non existent, except for the R.
Your advice about going slow is normally good, but this time of year it can be costly. The 07's do cost more to lease and the 06 are nearly gone.
Most leases are standard. You have your first payment, license fees, acq fee and security deposit. Most lenders don't charge the last one.
Any more $$ is to lower your payment.
At the end you have a disposition fees, usually @ $400.
Mileage is .18-25 cents/mile.
S 60 CLimate Premium Metallic Black
$2000. due at signing (0 down payment, 0 security, just 1st payment taxes)
$299 per month for 12k miles, $320 for 15k miles ( I chose the 15K).
Thats the deal! I couldnt believe, on a MSRP of $35,700 I will be leasing this S 60 for $320. per month. And yes, they matched the Volvo Bank Fee. I have since called 9 Volvo Dealerships in the tri-state area to see if anyone would match, and they all said they couldnt come close.
I really wanted the NAV (didn't care so much for the AWD), but for $80 less per month and $300 less at signing, I could NOT pass on this deal. I figure I am saving over $3,000 over the course of the lease on this deal compared to my first one.
PLease PLEASE tell me I did the right thing.
You did well! If you read post #185, they mention a $289 lease for a metallic FWD w/12K, but this offer was VERY LOW...as low as I've heard. Hey, you paid $10 more than a deal in NJ which may not even be relevant to you .....so what! I'm not sure how essential the AWD is either...I didn't test drive the FWD, but some say the DSTC in the FWD makes up for it....does your FWD have that option?
Bottom line, you did VERY well, IMO. I had thought about switching to FWD myself, then decided to keep the AWD for snow and rain and better cornering. But the only way I'll know for sure is driving it over time.
Congrats!! Did you take the car home yet?
...advice about going slow was in regards to reading through the paperwork on signing day....not a time to be rushing through and not understanding each and every number, eh?
But again, leases are standardized, so there usually aren't any surprises.
Most of the time people simply forget what their contract stipulates, or think they can get around it.
S60 2.5T FWD with climate package, premium package, black metallic paint for $320 per month (15k per year) or $299 per month (12k per year).
$2,000 down included first month's payment and sales tax.
Have I got it right?
Unfortunately leases are not always standardized. See post #212 for a prime example of a "surprise".
Your numbers seem a little bit higher than the best deal
in NJ, but are still quite good. The best deal that I was quoted
was by Bridgewater Volvo (based on a recommendation by the
famous biggerdaddynj). My payments were also coming to
$320 a month for 15K per year, except that was with no tax
upfront: just bank/doc fees and registration and first month's
payment. Your deal sounds similar to some of the other
numbers that I was quoted in NJ.
Except I took my accountant's advice and rolled _everything_ into
the payments, including the registration, bank/doc fees,
everything. The reason to do that is that in case the car gets
stolen or totalled, the insurance pays the owner the cost of
the car, and you don't get back any money you put down! If
I roll that amount into the monthly payments, I end up paying
interest on this amount, but that's only 5% (based on a money
rate of 0.00207) on about $40 a month, or $2 per month. I
think of it as added insurance!
So now the payments come to a little under $360, and I drove
out with just the first month's payment down.
But AFAIK this deal expires on August 31st, so hurry hurry!!
Thanks in advance for any help!
AZ charges a $5.00 Tire Tax, has for years.
As for bait and switch, that has nothing to do w/ leasing.
Thats just a bad dealer practice.
I never was told that this is $8.75.
I asked "8.75 what?, dollars, per cent/per tire, per car,per year?" and was never answered.
I'm complaining that I can't get a straight answer, not that there may be a fee.
AZ's fee is an "environmental impact" fee.
It is a one time charge.
The only thing on a lease contract that is not a one time charge is the monthly payment itself.
Thanks in advance
06 lease residuals dropped 2 points.
What is the residual percentage on a 2006 S60 2.5T? Is that number negotialbe or is it set by Volvo?
Thanks Again!
They are not negotiable.
A lower residual means a higher payment.
Lower residual.. no.. the residual stays the same.
The residual is based on a percentage of the MSRP.. The car is worth the same at the end of the lease, no matter what you pay for it..
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I am looking for a 2007 s 60 S 60 CLimate Premium Metallic Black for 3 yrs/12k miles. Very similar to the one you found for 299 per month. Could you let me know the town on the dealership because I am in the mkt over the next few weeks and in the tristate area Thanks
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
2006 Volvo S60, Premium Package, Sport Package, Met. Silver, Automatic MSRP: $35,675
For 36 month lease, 12K miles a year - $2,000 down and $357 a month. (includes all fees i.e. tax, title, acq. fee, etc.)
Has anyone heard about any deals similar to the one being offered last month for 289 per month?
For a 2007 S60 w/ premium, climate and metallic paint and an MSRP of $37,575, he has been quoted a purchase price of $33,145.
For a 39 mo., 10k/yr lease, he's been quotes a monthly payment of $499.26 including 6% CT sales tax with $1,877 down (which includes first month's payment).
Do you have the current residual % and money factors on S60's for Sep. through Volvo finance?
Also, there are obviously incentives at work here since the purchase price is lower than invoice - do you have details of what the incentives are?
Thanks in advance!