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Comments
MSRP: 36,565
Taxes (Chicago): 547.50
Acquisition: 161.39
Same-day License Plate: 25.00
Title: 95.00
License Fee: 99.00
$2000 down, nothing paid by me at inception, $424.19/mo.
School me! Thanks again.
MSRP: 35,820
Taxes (Chicago): 473.25
Acquisition: 161.39
Same-day License Plate: 25.00
Title: 95.00
License Fee: 99.00
$2000 down, nothing paid by me at inception, $407.77/mo.
School me! Thanks again.
I leased the S60 T5 with Climate Package, and Premium Package and 12Kmiles/year for 36 mths
MSRP $34,875.
I got Net Cap Cost $31,802.
Base Payment $349 with $1094 down and they are paying off my S40.
Good deal or not?
You either financed for an absurdly long time or you already rolled a great deal of negative equity into it.
If you are lucky, they will give you $12k for your car, which means you are still $4k in the hole. I STRONGLY suggest you don't roll that into a lease. PLEASE, keep your Jetta until you are right-side up and stop digging this hole.
'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
My question is, how is it any different to pay the difference in what I owe until I'm right side up, vs. putting a down payment on a lease (which I'm aware, they say not to do it - besides the obvious of paying towards something that I will own)?
The difference is you will be paying more for the lease than you would if you had zero negative equity, of course. And, if you continue paying your current loan, your car need will be fulfilled longer for similar money.
Let's break it down this way.
Keep current car for another year:
$300/mo for 12 months = $3600
lease after that at $350/mo for 36 mos = $12,600
total cost = $16,200 for 48 mos of use
Trade now on a lease:
$470/mo for 36 mos (every $1000 you roll into a 36 mo lease is approximately $30 on the lease payment) = $16920 for 36 mos of use
$350/mo for 12 mos on the next lease = $4200
total cost = $21,120 for 48 mos of use
'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
'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
The numbers for an otherwise identical 48-month lease are .00086 and 45%.
I believe that 15,000 miles per year is the highest mileage allowance that US Bank publishes residual values for. If you need to drive more than that, you may have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Keep in mind that there's a $1,000 conquest cash incentive for current owners of select competitive models on top of that if you're eligible for it.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Could you provide the lease rates for 36 and 48 months with 15k per year for both the S-60 T-5 and S60 T-6?
Thanks
The numbers for an otherwise identical 48-month lease are .00086 and 44%.
the numbers for the 2012 S60 T6 are .00003 / 50% and .00081 / 41%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
A selling price of $500 under invoice minus the conquest cash is avery good deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
p.s. You actually gave me residual for a T6, not T5. But I saw the correct number in your other reply.
If you qualify for conquest cash, you should pull the trigger by the end of May - you'll get $1K conquest AND first two months cash up to $900. I was told that there won't be conquest cash in June.
What is the June money factor and the residual for 2012 S60 with Climate and Premium Packages and BLIS with 12k 36 moths?
Thanks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Do you have the 36 month 10k mile residuals/factors for the Platinum version?
thanks so much.
I'm interested in the residual value and money factor on a 2012 S60 T-5 for 36 months, 10K miles. I know about the 4 free payments. Are there any other incentives I should be looking for? I see talk of dealer cash and conquest cash on several sites, but am unsure which are, if any, are still active.
I was initially looking at an Acura ILX but the Volvo drove so much better. I'm trying to finalize this deal by week's end.
Thanks in advance.
I pulled the trigger on the S60 and wound up getting a great deal (I think!). The dealer was very forthcoming, showing me the money factor (.00022) and residual (56%) for 36 months, 10K miles. It seems like their are stellar deals to be had on the 2012s. On a MSRP of slightly over $35,000, the payments are $380 with 0 at signing. Volvo is also covering the first four payments.
So far the car is amazing and I'm quite happy.
Hope this information helps someone.
Do you have the money factor and residual for the 2012 and 2013 S60 T-5 and T-6 R-design for 36 months and 15k miles per year?
Thanks
The numbers for an otherwise identical lease of a 2012 S60 T6 R-Design are .00022 and 49%.
The numbers for the 2013 model are .00178 / 62% and .00178 / 57%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Could you provide an update on the September rates for the following S60 models:
Looking for 36 months and 15k per year.
2012 S60 T-5
2013 S60 T-5 Premier Plus
2012 S60 T-6 R-design
2013 S60 T-6 R-design Premier Plus
Thanks again.
US Bank's September buy rate lease money factor and residual value for a 36-month lease of a 2013 S60 T5 Premier Plus with 15,000 miles per year are .00096 and 55%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical lease of a '13 S60 T6 R-Design Premier Plus are .00086 and 53%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you give me the residual and money factor for a 36 month lease of a 2013 s60 base model?
Also, I see that also have a deal for a 72 month lease with no security deposit. Do they only have that for a 10k lease?
Thanks
2013 Volvo S60 T5 (MSRP $35,565) with $0 due at signing: $457 (15k); $438 (12k); $428 (10k)
incl. Climate and Premier packages. With $3000 due prices drop to $371/$352/$342
2013 Volvo S60 T5 AWD ($MSRP $37,545) with $0 due: $480 (15k); $460 (12k); $450 (10k)
incl. Climate, Premier, Leather (?). With $3k down prices are $396/376/365
Hope this is helpful to others. Any input from the experts on whether these are a good deal and where there may be room for negotiation?
FYI: I've tried running my own lease payments using the formula from this site (http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html), the dealer's MSRP, and the MF/residual values above, and the prices I come up with are significantly higher than the offer above. Does that mean this is a good deal or am I doing it wrong?
Finally, any input on how adding the Nav package to the offered Premier & Climate would effect the price?
Thank you! This site has been a godsend as I look at my first lease.
I contacted my local dealer a few days ago and he gave me this:
350 a month for a lease with no cap cost reduction.
That is for a base model 2013.
Red bank volvo
fyi: no cap cost reduction is very different than $0 due at signing.
'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
A 72-month lease? I haven't seen that one. The longest lease that I've seen from US Bank on Volvos is 48-months.
You can finance this car with a conventional loan at 2.9% for 72 months. Perhaps that's what you are referring to.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Could you provide the November money factor and residuals for 36 months and 15K miles for the following S60s:
T-6 R-design
T-5 Premier Plus FWD
T-5 Premier Plus AWD
Thanks.
The numbers for an otherwise identical lease of a '13 S60 T5 Premier Plus FWD are .00058 and 54%.
The numbers for an otherwise identical lease of a '13 S60 T5 Premier Plus AWD are .00090 and 54%.
When negotiating your deal on any of these cars, make sure to take advantage of the $500 cash incentive that is currently available on leases of them.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Is this a good deal? (I'm in area cod 06106) - I'm quoting all these numbers from the "Quote Worksheet the dealer gave me today.
2013 S60 T6 AWD WHITE WITH BEIGE INTERIOR
Platinum Package
Climate Package
Spoiler
Sport pedals
MSRP: $46,470.00
Sales Price: $44,220.00
Rebate: $1,000.00
Term: 36 mos @ 660.35 per month - 15K miles per year.
Residual: 51.00% (23,699.70)
Money Factor: 0.00109
Capped fees: $199.00
Total taxes: $1,577.85
Adjusted capitalized cost: $43,419.00
Upfront fees: $1,679.00
TOTAL DUE AT START: $2,497.72 (See breakdown below.)
$ 660.35 first month payment
$ 499.99 conveyance fee
$ 995.00 bank fee
$ 185.00 registration fee
$158.37 tax
THANKS!
$2500 down and $660/mo for an S60?!
I realize this is a discussion just for the S60, but for alot less money, I'd be leasing 335xi instead.
'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