-September 2024 Special Lease Deals-
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2024 Chevy Blazer EV lease from Bayway Auto Group Click here
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2025 Ram 1500 Factory Order Discounts from Mark Dodge Click here
Comments
The MSRP is 37140
The cap cost is 25290
The money factor is .0028
The residual is 40%
The term is 39 months
If you add the 9000 in incentives back to the cap cost you come up with $34,290 which I believe is below invoice by about $170. So using your guideline of $100-$200 over invoice, this should be a very good deal, correct? Do you think the rate/residual is off?
Now, leasecompare gives a bit of a lower rate at .00256, BUT that comes with a 36% residual. So as long as your fees are reasonable, it sounds like a very fair deal. Congrats!
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
would you tell me where you got your car from?
I would love to take an advantage of that crazy deal too...
If you don't want to publicize it here, email me please.
Thanks!
Something is wrong...most likely someone is not representing a deal correctly.
I hope this board is not headed in that direction.
I don't have the money factor and residual information right on me at the moment, but the residual came in at somewhere around $17k at the end of 36 months.
As far as publicizing the dealer, he has asked me not to (he does read these boards)....but did ask me to inform you that he has no more R's in stock.
Did they throw in the $2000 end of lease wear and tear - over-mileage bonus?
Can you use regular gasoline in the S80-S?
If this deal is indeed true then you got the deal of the century. I think folks (incl. me) want to understand your entire deal to assist them (me) in negotiating their (my) next purchase. What were all the terms and what special rebates were thrown in. Also, is this dealer a relative or close friend meaning did your purchase represent a true arms length transaction?
Here are the terms of the deal as I can remember them off the top of my head (as I am out of town and don't have the paperwork on me)...the lease-sale price before the leasing incentive was about $1000 under invoice pricing (invoice was somewhere around $41,500...volvo bluetooth was a feature that was dealer installed so its not included in the invoice price but is included in the MSRP). Then they took the $11,000 leasing incentive that was around when I leased, and that is where the cap cost came from.
The terms are 36months/12k miles a year. What I think is throwing everyone off is the fact that I got a significant amount off invoice...mainly because the dealer had been sitting with this car and wanted to move it. It was a true arms length deal..I called them and did the deal right over the phone.
And to answer your question about fuel...the S60R must get premium to run at its best.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
MSRP:$43,330
Cap Cost: $29,440
Residual: $17,332 (40%)
My monthly payment equals $469.04 a month for 36 months with 12k miles a year.
Additionally, I only owe first month's payment at signing.
I think it's a good deal, any feedback?
Last i checked, the S60R had a lease incentive of $11,500 with outside financing. Is it still going on and how long will it last?
Thanks for all inputs.
Tony
I've seen some S60Rs around locally and am ready to make the plunge but with that incentive, i may have to think of other alternatives.
Thanks for the response!
Tony
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This is '07s, correct? (there will be no '08s?)
are these through indy banks again?
if not, what is the VFNA MF and residuals?
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
There is no VFNA program
The tranny issue is being addressed, you should see normal allocations after the first of the year.
S40 will go away,but not until the new S60 debuts,which is in 2010.
There used to be a 4.5K leasing incentive. But it is expired I think.
For whatever reason, Aisin-Warner ran short on the automatic tranny.
Unless you are buying a loaner car, $26,000 won't get you an 07 S60 with those options.
Hopefully, we'll be selling lots of XC60's
Newly Minted Deal:
2800 Cash
S60 2008 2.5Turbo AWD
Blue (the light blue); Tan Interior
Premium Package
Lease 400 per month
Buy out 17550 after 36 month Lease
We looked, drove and priced pre-owned S60s, both 04 (23K miles for 23K) and an 05 and decided that the deal listed above was the best value. The dealer said we could only choose between the light blue (tan interior) or the maple (black interior). We chose the light blue (tan interior with grey and brown trim). I think it is a standard type of color and trim not sure.
We signed this evening (Saturday night). My question is, "Did we secure a fair if not a better than fair deal?" My only concern after the fact is whether or not we could have leased a dark blue with black interior for same lease price (from another dealership).
Thoughts?
Also, any thoughts on the 2.5T vs the T5 ? At first my salesperson said there were no T5s for 2008 but they were on the lot and in his catalog?
Possible Remorse. Please console or congratulate. Looking for help.
Newly Minted Deal:
2800 Cash
S60 2008 2.5Turbo AWD
Blue (the light blue); Tan Interior
Premium Package; Climate Control
Lease 400 per month
Buy out 17550 after 36 month Lease
We looked, drove and priced pre-owned S60s, both 04 (23K miles for 23K) and an 05 and decided that the deal listed above was the best value. The dealer said we could only choose between the light blue (tan interior) or the maple (black interior). We chose the light blue (tan interior with grey and brown trim). I think it is a standard type of color and trim not sure.
We signed this evening (Saturday night). My question is, "Did we secure a fair if not a better than fair deal?" My only concern after the fact is whether or not we could have leased a dark blue with black interior for same lease price (from another dealership).
Thoughts?