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2013 and earlier Volvo S60 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi nanazy. Those numbers are correct for a 36-month, 15,000 mile per year lease of this car.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Robertsmg, you can find the 36-month numbers in my previous posts. The 48-month, 15,000 mile per year numbers for this car are .00151 and 47%.

    Car_man
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  • robertsmgrobertsmg Member Posts: 4
    Thanks for the information Car_man and others! The numbers appear to be spot on. Here is one quote I received this week for 36 month lease/15K miles per year on a 2012 T5 with metallic paint, Premium and Climate packages, Keyless drive with PCC and 17 Njord wheels (without run flats):

    $35745 MSRP
    $34200 Cap Cost
    59% residual 0.00134 money factor
    Base payment $443.08/month

    If no other dealers can better this deal, then I will likely sign this week.
  • jackofhearts22jackofhearts22 Member Posts: 1
    edited October 2011
    Would appreciate feedback on how good a deal I have been offered on a 48 month lease of a 2012 Volvo S60 (T5) with a premium package, climate control and metalic paint, and 12,000 miles per year. The dealer is in the Delaware Valley area. My upfront payment would be $1,553 with 48 monthly payments of $412. I am turning in a 2008 Volvo S 60 which is coming off of lease -- it's in good shape and slightly below the allowed miles (48,000), so I'm getting the $1,000 loyalty benefit. Thanks for commenting.
  • e90me90m Member Posts: 30
    Hello all,

    Any info on rates for October on the R-Design? Looking for 36 months and 48 months or any odd month programs available.

    Thanks much in advance!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello e90m. Volvo's October buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 R-Design with 15,000 miles per year are .00122 and 53%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00130 and 42%.

    Car_man
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  • e90me90m Member Posts: 30
    Thank you Car_Man!
  • robert188robert188 Member Posts: 1
    edited October 2011
    Any info on rates for October? Looking for a 36-month lease with 15k miles per year. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome e90m.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello robert188. US Bank's October buy rate lease money factor and residual value for a 36-month lease of a 2011 S60 with 15,000 miles per year are .00178 and 50%, respectively for consumers who qualify for its top credit tier.

    When negotiating your deal on this car, make sure to take advantage of the $3,000 dealer cash that is currently available on it.

    Car_man
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  • mascrawmascraw Member Posts: 2
    Dear Car_man,

    Would you please let me know the current (Nov.-Dec.) lease residual and MF for a 2012 Volvo S60 T5 with premium package, metallic paint, and blind-spot monitor (MSRP $35,175) for a 36 month/10,000 miles per year lease term. I'm in SC.

    Thanks much!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mascraw. US Bank's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Volvo S60 T5 with 10,000 miles per year are .00099 and 59%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • oblomovoblomov Member Posts: 9
    Car_man, do you happen to have lease info for December on T5 2012 and 15K miles? Thank you, would appreciate it!
  • v70r_07v70r_07 Member Posts: 13
    Does anyone have the money factor and residual for the S60-T-6 R-design as well as the regular S60 T-6 for 36 and 48 months and 15k per year?

    Thks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello oblomov. According to the latest information that I have seen, US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 with 15,000 miles per year are .00099 and 57%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey v70r_07. According to the latest information that I have seen, US Bank's current buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T6 R-Design with 15,000 miles per year are .00099 and 52%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00144 and 41%.

    The money factors for the non-R-Design are exactly the same, but the residual values are 2% higher.

    Car_man
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  • autoboy19autoboy19 Member Posts: 155
    Carman,

    Do you have the January money factor and residual for the S60 T-5 and S60 T-6 AWD for 36 and 48 months and 12k miles per year?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey autoboy19. US Bank's January buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 with 12,000 miles per year are .00035 and 56%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00082 and 45%.

    The numbers for the 2012 S60 T6 AWD are .00021 / 53% and .00066 / 42%.

    Car_man
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  • t5drivert5driver Member Posts: 2
    Hey CarMan. Can you let me know if I got a good lease deal on my new Volvo S60 T5 with multimedia, which I leased in late December? MSRP was $38,200. My lease payment (excluding tax) $356 with approx. $2,300 down payment (plus first month, tax, registration, etc...). I've never leased before, so I'm curious how my first foray into the leasing world went. Thanks!
  • mcupmcup Member Posts: 1
    Does this sound like a good deal?
    2012 Volvo S60 T6 Electric Silver w/Multimedia, Climate, PCC Key, Premium.

    MSRP $45425
    Price $42500
    Residual- 54%
    Residual Value- $24529.50
    Money Factor- .00081

    36 month 12k mi. lease $1907 driveoff and $599 a month. Excellent credit and the state is CA.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome t5driver. Do you happen to know what this car's selling price is? The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If you are able to provide us with this number, it would be much easier for us to evaluate your deal.

    Car_man
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  • spursfanaticspursfanatic Member Posts: 3
    I actually don't remember the residual or money factor but I am about to close on a lease for a 2012 S60 T6 AWD Seville Grey with Blk/Beechwood leather, climate and premium package:

    36 month lease w/12k miles per year
    Selling Price (before taxes and fees) - $38,364
    MSRP - $41,625
    Sales Tax - $1233
    NJ Motor Vehicle Fees (3 year reg $310 plus doc fee $286.75 plus tire fee $7.70) - $604.45
    Total Intial Payment (1st month's payment, acquisition fee ($995), registration and doc fee) - $2080
    Monthly Payments - $488

    It works for me, I think it's a good deal and it is a much better value than what I am being offered on a comparable BMW 3 or Audi A4.
  • t5drivert5driver Member Posts: 2
    Hi Car_man,

    Sorry for the delay in getting back to you. I just saw your reply. The selling price was approximately $34,500 (MSRP without tax being roughly $38,300). Thanks for your help.
  • monkey10018monkey10018 Member Posts: 9
    working on a deal for a new S60...
    2012 T5 model
    Climate Package, Multimedia Package(NAV,Rear Park Camera and Upgraded sound system) and the Premium Package.
    36 mo/ 10k miles per year.
    $389 mo

    The selling price of the vehicle is $35,612.11

    . due at signing
    Taxes - $1,356.37
    First Month Payment - $389
    Motor Vehicle - $305
    Doc Fee - $279
    Total Due at Signing - $2,329.37

    money factor: .00017
    residual value: 57%

    seems like a good deal...just looking for some educated feedback
    thanks!
  • bigwebmaster1bigwebmaster1 Member Posts: 1
    How do these numbers look? Money factor seems high to me.

    S60 T5FWD
    Premium Package
    Climate Package

    MSRP $35,425 including freight and metallic paint
    Cap Cost $34,535
    56% Residual Value
    3 year/36k miles
    .00034 money factor
    End of lease disposal fee $395

    $2,000 due at signing, $421.50 per month

    This includes the $1k incentive rebate applied to the pricing.
  • bostonbenbostonben Member Posts: 71
    I'm guessing the money factor/residual went up/down respectively for March?

    Either way, cap cost seems high. Assuming the $1K conquest/loyalty still is running for March, I am thinking you should be targeting a selling price of around $32,352. This is the Volvo A Plan pricing minus the $1K incentive.

    Most dealers will give you A plan pricing without actually qualifying, but check with your employer to see if you are eligible and do not have to even negotiate it. You can also ask your employer's HR department to sign up - it's free to them and a great benefit.

    Here's a list of eligible employers: https://pictures.dealer.com/volvodallasvtg/e6e4c5490a0d02b701b7bf86689c1e66.pdf
  • v70r_07v70r_07 Member Posts: 13
    Car_man,

    Do you have the March lease rates for the S60 T-5 and T-6 for 36 and 48 months and 15k miles per year?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi v70r_07. US Bank's March buy rate lease money factor and residual value fro a 36-month lease of a 2012 S60 T5 with 15,000 miles per year are .00017 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00086 and 48%.

    The numbers for the 2012 S60 T6 are .00001 / 50% and .00081 / 42%.

    Car_man
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  • eliscoelisco Member Posts: 6
    edited March 2012
    Hey carman:

    I have two options:
    1. Buy my current S40 lease buyout for 12,300$ or 13707 with tax and registration
    My current car is in good condition with only 33k miles. No power package. No leather. 2009 S40. White basic model.

    I like my car.... But the dealer is Offering

    Option 2.
    Lease new S60

    Premium = leather, moonroof, passenger power seat
    PCC = Keyless drive
    Multimedia = Navigation, rear camera, premium sound
     
    Trade in your car
    36 months 10/yr
    $1000.00 Total Drive Off
    $350.00 includes tax per month

    What would you do? I could potentially by my car and immediately sell it for 2-3k more than my buy price.

    Please help!
  • qbrozenqbrozen Member Posts: 32,934
    Is the dealer giving you any credit for equity in the S40?

    '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

  • eliscoelisco Member Posts: 6
    Not that I know of... The lease deal seems really good, so I would assume so.
    Should I ask for money factor and risidual?
  • qbrozenqbrozen Member Posts: 32,934
    You definitely want to know every detail beforehand.

    My concern would be your S40. If you feel you truly could turn around and make some money on it, why wouldn't you?

    '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

  • ortegaortega Member Posts: 105
    CarMan, could you post the April MFs and residuals for the S60 T5 FWD on 36mo & 48mo leases, 15k miles/yr? Also, do you have these numbers for higher mileage like 16K & 17K?

    Thanks in advance!
  • eliscoelisco Member Posts: 6
    Any opinion on the deal I just closed on would be appreciated!

    I traded my old lease in for the new S60
    Premium Sound
    Navigation with rear camera
    Park assistance
    Dynamic package with upgraded rims

    Full tank of gas and tint
    12k per year

    1000$ down
    350 inclusive of tax monthly payment
    3 years

    Gross cap cost on the car: 33,613
  • rman850rrman850r Member Posts: 14
    Elisco,

    Were you provided any equity on your current car?

    Do have the down payment and adds to cap cost?

    Do you have the MSRP as well as money factor and residual?
  • eliscoelisco Member Posts: 6
    Yes. I was given $2662 equity on my previous lease.

    I put 1000$ down. Total credited toward down payment: 4662$

    Suggested retail for my car listed on sticker: 38,725$
    Gross cap cost is 33613$

    I'm not sure where to find residual. Buy out at the end of my lease is 22k

    Did I get a good deal?
  • dcooper6dcooper6 Member Posts: 8
    Wondering if I got a good deal.

    36 mos/10k miles per
    617 out of pocket including 1st month payment
    Premium package, Climate package, and 17" Njord wheels
    Final Price was 32,025, Sticker was about $35K
    Had 3 payments left on a previous lease of about $700 total which they got me out of
    $356 per month payment

    Any feedback would be greatly appreciated.
  • ursusursus Member Posts: 128
    How much equity did you get for your old lease? It must have at least covered your tax and acquisition fee.
  • dcooper6dcooper6 Member Posts: 8
    Looks like they have the Trade/Lien Payoff at $13,229.
  • ursusursus Member Posts: 128
    Assuming you had a Volvo (and not a Toyota Corolla ;) ) 3 year lease through US Bank with an artificially low residual, your equity was probably $5-$8K depending on the car. Had they given you at least $5K, your lease would be around $246/month including assumed 7% tax and $995 acquisition fee, based on .00017 MF and 57% residual. With your number it looks like they gave you about $1.5K of equity.

    But it's all very approximate with some guessing on my part since I don't have all the numbers.
  • dcooper6dcooper6 Member Posts: 8
    Actually, I had a Honda Civic LX. So a Corolla isn't far off.

    I just got home so I have all of the numbers:

    Price of Car - $32,025
    Sales/Use Tax (8.625%)- $1,104
    Acq. Fee - $695
    Gross Cap Cost - $33,825
    Cap cost Reduction (Volvo Conquest) - $1,000
    Adj. Cap Cost - $32,825
    Residual - $20,334
    Total Monthly payments - $12,816
    (incl. $325 Rent Charge)

    $356 per month plus
    Fees - $93.50
    Upfront Tax - $93
    Doc Fee - $75
    Total out the door - $617

    And they ate my $700 in Civic payments.
  • ursusursus Member Posts: 128
    I think you got a very good deal, enjoy.
  • hvermahverma Member Posts: 1
    Hi, you got a very good deal. Where did you buy the car? Is this in Texas?
  • dcooper6dcooper6 Member Posts: 8
    New York
  • enjoyablegabienjoyablegabi Member Posts: 6
    edited April 2012
    I need you to scrutinize my numbers and offer your two cents.
    Thanks in advance for your help.
    Trading in a 2002 XC70 with 95k miles
    Leasing an 2012 S60 T5 with:
    - Premium Package (leather, moonroof)
    - Cold Weather Package
    - Chrome exhaust tips
    Nothing due at inception, getting a check for $3,000
    $419/mo for 36 months @ 12k miles/year in Chicago
    Good deal or no? It still feels high, but with nothing down except half the value of my trade-in, it might be about right.
  • ursusursus Member Posts: 128
    It is way too high. What's the MSRP (metallic is extra $$), sales tax, dealer fee, tags & title fee, how much was acquisition fee, exact amount of the half of you trade-in...?
  • enjoyablegabienjoyablegabi Member Posts: 6
    How do you know it's too much if you don't follow how much I'm putting down??? It would seem that is impossible. :) Forget the trade-in math. Assume I'm putting $2,000 down. No first and last payment or anything else paid at inception.

    The MSRP is $35,920
    if I reverse engineer the deal and remove the options I can get exactly to the 3293 down, $299/mo deal being advertised for the base S60, but my issue is why are the whole purchase prices of the options being rolled in when I'm only leasing the car. For example, I don't want to "buy" the leather option over 36 months.

    Thanks again for your help. Please tell me more. :)
  • ursusursus Member Posts: 128
    edited April 2012
    "How do you know it's too much if you don't follow how much I'm putting down???"

    "It's very simple, Watson" (c) ;). Of course, I just assumed that the half of your trade-in is $3,000. But wanted to make sure that "half" is not a figure of speech. FYI: each $1K equals approximately $30 in monthly payment.

    Now, "No first and last payment or anything else paid at inception". It was all rolled in your monthly payment. That's why to give you precise number, I need to know about all the fees that will be rolled in your monthly payment. By just guessing some of it, your payment should be ~ $360-370/month based on approx. sale price $34,284 (invoice) and $1K loyalty cash.
  • ursusursus Member Posts: 128
    edited April 2012
    "...but my issue is why are the whole purchase prices of the options being rolled in when I'm only leasing the car. For example, I don't want to "buy" the leather option over 36 months."

    But for 36 months you will be sitting, spilling coffee etc. on this leather, no? It's called "amortization" ;) This is what you pay for.
  • enjoyablegabienjoyablegabi Member Posts: 6
    You don't know me very well. That car will be returned to the dealership in 3 years without a mark. Niles Crane from Frasier with less money is about right. I have a problem. :)

    I'm going to get a list of those fees for you to look at. I think another place I might be off is the MSRP is a touch higher than the "good price" on the Amex site.

    Will post as soon as I have those numbers. Thanks so much for the helpful replies.
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