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2013 and earlier Volvo S60 Lease Questions

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Comments

  • enjoyablegabienjoyablegabi Member Posts: 6
    not MSRP, the sticker is a touch higher than the "good price" I meant.
  • ursusursus Member Posts: 128
    Car_man can give you a better idea about sale price. I think at least invoice or even $500 under is a good price.
  • enjoyablegabienjoyablegabi Member Posts: 6
    Ok, Ursus... Here you go. This is the most expensive as an example:
    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.
  • enjoyablegabienjoyablegabi Member Posts: 6
    Here is another example, just in case it helps:
    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.
  • ursusursus Member Posts: 128
    What's the sale price? Did you get $1,000 loyalty cash which is available to you as a Volvo owner? Acquisition fee is $695-995 if financed through US Bank (Volvo finance bank). I can only tell you how much it should be if I at least know answers to my questions. You should read about leasing first to understand how it works. It should be somewhere on edmunds.com or just google it.
  • ursusursus Member Posts: 128
    BTW. You should consider buying it instead of leasing. It's a straight forward deal for you, unlike leasing. Volvo currently offers 1.9% for 72 months. If you get the car with MSRP 35,820 at invoice and get $1K loyalty your payments will be around $465/month with $1.5K down and paying sales tax (I believe it's 9.25% in the Chicago area) and all other fees upfront with the remainder of your trade-in ($3.5K). Or you can roll you sales tax into the monthly payments and increase down payment. You can play with numbers on online car payment calculator.
  • lhkorn99lhkorn99 Member Posts: 1
    edited April 2012
    I traded in my 2007 S40 2.4i (with 52K miles) of which payoff was $11k.

    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?
  • huny409huny409 Member Posts: 15
    I currently finance my 2009 VW Jetta SE 24700 mi on it and am looking into leasing a Volvo S60 T5, MSRP $35,070. I am 3 years into my loan and currently owe about $15,900 on it. Considering I'd have to "rollover" my current loan to go to a lease now, what is the price range I should be looking in to consider it a good deal. I'd put a max of $1000 down initially to cover fees and first months payment. Many thanks!
  • qbrozenqbrozen Member Posts: 32,889
    How in the world, after 3 years, do you still owe $16k on a Jetta SE?? The original MSRP was only $20k.

    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

  • huny409huny409 Member Posts: 15
    edited April 2012
    Hi gbrozen - You're right, I did roll over some inequity when I got this car. The loan also included an extended warranty that I purchased (which I know I can get a prorated refund - not much, but I know some). And since I keep rolling over inequity, I felt that leasing was a better way to go (along with low mileage, want for a new car every few years, etc).

    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)?
  • qbrozenqbrozen Member Posts: 32,889
    edited April 2012
    First off, let me say I've been there MANY times myself and you will always find a way to rationalize the next car. So I'm just trying to help someone avoid my same mistakes.

    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

  • huny409huny409 Member Posts: 15
    Thank you SO much for that breakdown! It was exactly what I needed for it to make sense!
  • qbrozenqbrozen Member Posts: 32,889
    glad to help.

    '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

  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Sure ortega. US Bank's April buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T5 FWD 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 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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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'd say that anything near invoice is an excellent deal. I personally would shoot for around $500 or so over.

    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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  • dps06dps06 Member Posts: 89
    Carman,

    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
  • ursusursus Member Posts: 128
    Car_man, can you please post May numbers for 36 month with 10K miles? I can have a deal at $1K under invoice (invoice I was quoted includes $500 ad fees) + $1K conquest cash.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Certainly dps06. 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 .00003 and 53%, respectively for consumers who qualify for its top credit tier.

    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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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go ursus. US Bank's May buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 T6 with 10,000 miles per year are .00003 and 52%, respectively for consumers who qualify for its top credit tier.

    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
  • ursusursus Member Posts: 128
    edited May 2012
    Thanks Car_man. I'm also considering a Passat 3.6 (you provided numbers for it in the Passat forum), but most likely will go with S60 - love the design and seats.

    p.s. You actually gave me residual for a T6, not T5. But I saw the correct number in your other reply.
  • roubaudroubaud Member Posts: 80
    Did I miss May rates on a 2012 T5 with 10,000 miles? Does Car_man know the June rates yet? Thanks. Looking to pull the trigger.
  • ursusursus Member Posts: 128
    In May it was .00003 and 56%.

    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.
  • roubaudroubaud Member Posts: 80
    Yeah, well, I'm sure I'd be told that too, but won't they say anything to get you to buy now? Maybe conquest cash would come back for July 4th holiday? Man that money factor is low.
  • ursusursus Member Posts: 128
    Maybe, but I was getting my car from them anyway. They expected it to arrive at the port by the end of the month, but it did not make it. So I just picked one from the stock and they will install Sport appearance package that I wanted. The only difference is that I'm financing it rather than leasing.
  • roubaudroubaud Member Posts: 80
    Good deal, yes!
  • gerrysalmegerrysalme Member Posts: 8
    Hi Car_Man,
    What is the June money factor and the residual for 2012 S60 with Climate and Premium Packages and BLIS with 12k 36 moths?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi gerrysalme. According to the latest information that I have seen, US Bank's June buy rate lease money factor and residual value for a 36-month lease of a 2012 S60 3.2 with 12,000 miles per year are .00001 and 48%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • dgoldsdgolds Member Posts: 2
    Car_man
    Do you have the 36 month 10k mile residuals/factors for the Platinum version?
    thanks so much.
  • surfpcpsurfpcp Member Posts: 1
    2012 s60 t5 premier package with multimedia package and personal communicator. leasing based on cap of 35,945 (msrp 37875) is his offer. still offering 1900 off for conquest and 2 months lease costs so adjusted cap cost is 35, 389. MF: .0003 and RV (12K, 36mos) 55%. Is this cap cost good or should i negotiate down and to how much? he's showing me his invoice statement for this invoice price.
  • therastheras Member Posts: 95
    Hello All,

    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.
  • val26val26 Member Posts: 3
    In response to a $2,000 Saab owner discount voucher, I'm leasing a 2013 S60 T5 AWD, Platinum with BLIS and wood inlay. I didn't want BLIS, but the dealer told me they didn't have a car without it. Edmunds says the MSRP is $42,645. The offer I got was to sell the car to me for $41,230, then the dealer is applying $1,000 in a rebate and $2,520 in trade in. I was told the money factor rate is 1.51 and residual value is 61%. My credit is about as high as it gets. On a 15k mi/year lease, the monthly payment comes out to $480. The first month's pmt, + all upfront costs are being rolled into the lease ($1,016.64 in tax - 6.25% sls tx in MA, $125 Gov't, $289 doc, and $795 acq fees), so that I'm not coming out of pocket when I get the car (I'm walking away with a check, because of my 2007 Saab 95 trade in). While the Gross Cap Cost is $1,415 below MSRP, I'm still not sure the dealer's doing me any big favors. What do you think?
  • therastheras Member Posts: 95
    Hi Group,

    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.
  • autoboy19autoboy19 Member Posts: 152
    Carman,

    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
  • godfather9godfather9 Member Posts: 31
    Same question as autoboy19. Thank you!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I certainly do autoboy19. US Bank's August 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 .00022 and 54%, respectively for consumers who qualify for its top credit tier.

    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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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey godfather9. Please look up for the same answer ;) .

    Car_man
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  • bagel5bagel5 Member Posts: 9
    Looking at a 3 year/10,000 mile per year lease on a 2012 S60 - MSRP is just over 36k, looking at 2000 down and 369 per month, with 4 free payments. This includes all TTL (approximately 7% sales tax). Any feedback would be very helpful.
  • roubaudroubaud Member Posts: 80
    I had the same exact numbers except I got $350 a month, which I think was still a fuzz high. But I did have conquest cash thrown in / spread out over the payments. But this also depends on what's on the car--I had premium, climate, and communicator packages. It's a great car.
  • bagel5bagel5 Member Posts: 9
    I finally picked up the car last week. 2012 S 60, 2000 down and 349 per month with premium, climate and blis. .00022 money factor and 57% residual on 10,000 mile lease. Love the car.
  • autoboy19autoboy19 Member Posts: 152
    edited September 2012
    Carman,

    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.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi autoboy19. Volvo is not providing lease support on 2012 models any longer, so if you want to lease you're going to have to go with a '13.

    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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  • trace717trace717 Member Posts: 2
    Hi Carman-

    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
  • woodenteewoodentee Member Posts: 1
    Picked up the current lease offers from my dealership yesterday:

    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.
  • trace717trace717 Member Posts: 2
    Hi.

    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
  • qbrozenqbrozen Member Posts: 32,889
    how many miles? how many months?

    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

  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the info that you're interested in, trace717. US Bank's October buy rate lease money factor and residual value or a 36-month lease of a 2013 S60 Base with 15,000 miles per year are .00083 and 57% for consumers who qualify for its top credit tier.

    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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  • gtg478zgtg478z Member Posts: 3
    Car_man,

    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.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Certainly gtg478z. US Bank's November buy rate lease money factor and residual value for a 36-month lease of a 2013 S60 T6 R-design with 15,000 miles per year are .00092 and 52% for consumers who qualify for its top credit tier.

    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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  • intelixisintelixis Member Posts: 2
    Hi Car Man,

    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!
  • qbrozenqbrozen Member Posts: 32,889
    Whoa!
    $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

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