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Discussion Starter · #1 ·
So I've been dealing with an out of town dealer and here's what I've got so far.<p>2006 sonic blue/nordkap S60R, MT, 18" silver pegs, sirius prep, premium/climate packs<p>$1200 down (including 1st month's payment)<br>no security deposit<br>15K/year<br>36 month lease<br>MSRP $43,625...but I haven't heard what the actual sale price is yet<br>They're giving me around $21,500 for my T5 without seeing it. I got them up from $19,000 originally. Still no bites on my T5.<p>With the negative equity on the trade in, taxes, and all fees the monthly payment would be $573. I think that's a pretty good deal and I'm just about ready to pull the trigger. I would hate to see my blue T5 go, but I'd be getting another great blue S60 even better than what I've got.<p>If I do it, I'll probably drive a few hours to the dealer and do it Friday afternoon.<BR><BR>
<i>Modified by soledoc at 6:55 PM 5-23-2006</i>
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

This whole process has been a long go for you. I am sure it'll be great to have it over with, and be driving in your new R. <IMG NAME="icon" SRC="http://********************/smile/emthup.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/biggrin.gif" BORDER="0"> Just *please* don't consider painting it pink!
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

You need to get the sales price and the money factor. That's what determines your monthly payment.
 

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Re: Almost ready to make the move from my T5 to an R (mike_c70)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>mike_c70</b> »</i></TD></TR><TR><TD CLASS="quote">You need to get the sales price and the money factor. That's what determines your monthly payment. </TD></TR></TABLE><br>He made the mistake of talking monthly payments first and not the actual cap price. Once the conversation goes in that direction...no way back. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/eek.gif" BORDER="0"> <br>He DOES have negative equity in his T5 so the numbers don't sound too bad but by not seeing them, hard to tell
 

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Discussion Starter · #5 ·
Re: Almost ready to make the move from my T5 to an R (JRL)

I have now been talking sale price. The price is $34,200 (from MSRP of $43,625) with no cap cost reduction. I don't have the money factor. Residual is $19,100. All I know is that even with me being a few thousand negative, this still sounds like a good deal. I will find out the money factor. If it's not good, there's another dealer (but it's much farther away) that might be able to beat this price, but it would be a much bigger hassle to go. Also, the negative equity will be $2,500.<p>I have learned a bit about leasing and will definitely be wiser the next time I do it, but still more to learn.
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

sounds like a fairly decent deal.<p>I put $0 down on my T5 and my 60 month payments were 585<p>(purchase)<BR><BR>
<i>Modified by iibbmm at 4:19 PM 5-23-2006</i>
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>soledoc</b> »</i></TD></TR><TR><TD CLASS="quote">I have now been talking sale price. The price is $34,200 (from MSRP of $43,625) with no cap cost reduction.</TD></TR></TABLE><p>So the dealer is offering the R at $1,075 over MSRP (ie. $43,625 less $10,500 lease cash equals $33,125)? I guess you're showing the price with the negative equity rolled in?
 

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Discussion Starter · #8 ·
Re: Almost ready to make the move from my T5 to an R (MagoonR)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>MagoonR</b> »</i></TD></TR><TR><TD CLASS="quote">So the dealer is offering the R at $1,075 over MSRP (ie. $43,625 less $10,500 lease cash equals $33,125)? I guess you're showing the price with the negative equity rolled in?</TD></TR></TABLE><p>I believe she's quoting me the sale price before the negative equity. So you're saying with the current incentives my base MSRP should be $33,125? If that's the case, then I'll call her tomorrow and call her on that. I should at least knock it down that much ($1,000) if that's what volvo finance is offering, BUT this deal is with Huntington Bank. If I go with volvo finance, the money factor may be higher or residual different. Lots of factors in these lease deals as I'm learning. Do you think I shouldn't do this deal, or at least try to get her down some more?
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>soledoc</b> »</i></TD></TR><TR><TD CLASS="quote">I believe she's quoting me the sale price before the negative equity. So you're saying with the current incentives my base MSRP should be $33,125? If that's the case, then I'll call her tomorrow and call her on that. I should at least knock it down that much ($1,000) if that's what volvo finance is offering, BUT this deal is with Huntington Bank. If I go with volvo finance, the money factor may be higher or residual different. Lots of factors in these lease deals as I'm learning. Do you think I shouldn't do this deal, or at least try to get her down some more?</TD></TR></TABLE><p>The current program is $10,500 lease cash if you finance with anyone OTHER than Volvo. You do the math but this doesn't work IMO unless the negative equity is rolled in.<p>Whether you choose to lease with Volvo or Huntingdon depends on your intentions at the end. If you have any inkling of buying the car out, go for Huntingdon and the LOWER residual.<p>You need to understand the specifics of the deal and not be a payment shopper; especially since you're rolling negative equity in.
 

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Discussion Starter · #10 ·
Re: Almost ready to make the move from my T5 to an R (MagoonR)

OK, thanks. I understand about not being a payment shopper, but that is an important consideration in a lease. You don't want to be paying $700/month and have nothing to show for it.<p>I am going to email this dealer and have her give me every exact specifics of the deal. If what you say is correct, and I know it is, then she's screwing me by not giving me the $10,500 lease case by financing with someone other than volvo. <p>Here's some exact details I got from a dealer in VT on an '06 S60R with all the specs I want (except with gobi). This is a chase lease so it includes the $10,500 lease cash.<p>MSRP $43,550<br>sale price $33,000<br>cap cost $33,000<br>Adj cap cost $33,000<br>mileage 15,000<br>residual $18,726<br>money factor 0.0027 (interest rate of 6.48%)<br>term(months) 36<p>monthly payment (before tax) $536.15<br>acquisition fee $795<br>first month payment $536.15<br>IN tax: $32.17<br>total due at signing $1386.15<p>monthly payment = $568.32 (before any negative equity on T5)<p>So I'm going to ask all these excact specifics to the dealer I'm talking to, but these figures seem to be pretty close to what I'm looking for. Plus, with my negative equity of about $2500 and a monthly payment of only $5 more a month and a residual of only $400 more, my current deal looks decent.<p>Again, I REALLY appreciate all your help in this adventure. I'm sure I'm going to do this deal Friday, but I just want to make sure I get the best deal possible. BTW, I'm not even telling my local dealer I'm doing this. Plus, he hasn't even called me in 3 weeks since I went to see him. This other dealer has obviously been wanting to make the sale and has been in contact with me by phone and email. Much more approachable. I guess that's the problem when you're the only volvo dealer in town...you think you own the volvo sales, but not anymore with me.
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>soledoc</b> »</i></TD></TR><TR><TD CLASS="quote">Here's some exact details I got from a dealer in VT on an '06 S60R with all the specs I want (except with gobi). This is a chase lease so it includes the $10,500 lease cash.<p>MSRP $43,550<br>sale price $33,000</TD></TR></TABLE><p>Still paying MSRP on this deal. Remember, the incentive does not cost the dealer anything. You should be able to do at least $1-$2K better IMO.<p><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>soledoc</b> »</i></TD></TR><TR><TD CLASS="quote">acquisition fee $795</TD></TR></TABLE><p>Seems a bit high.
 

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Discussion Starter · #12 ·
Re: Almost ready to make the move from my T5 to an R (MagoonR)

One other question...where do you see the $10,500 lease cash? I don't see it on volvo site or edmunds. I want to make sure it's true if I talk to the dealer tomorrow.
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>soledoc</b> »</i></TD></TR><TR><TD CLASS="quote">One other question...where do you see the $10,500 lease cash? I don't see it on volvo site or edmunds. I want to make sure it's true if I talk to the dealer tomorrow.</TD></TR></TABLE><p>Don't recall the thread but it was mentioned in the forum a few weeks back. The local dealer also told me about it when I asked to have my R appraised for possible sale.
 

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Discussion Starter · #14 ·
Re: Almost ready to make the move from my T5 to an R (MagoonR)

I found out the actual sale price is $31,600. But with the negtative equity that's what pushed up the price (and obviously monthly payment). So without the negative equity, I'd be at around $490/month.
 

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Re: Almost ready to make the move from my T5 to an R (soledoc)

Your deal looks ok to me, maybe you can do a little better on the sale price. MSRP on my lease deal was $44.4k with a sales price of $31k ($33.6k including tax) and only $50 down.
 

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Just for reference, I paid $32 (before tax) on a $44.2 MSRP car less than a year ago. Volvo is selling for peanuts, comparatively speaking.
 

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Re: (Razor1973)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Razor1973</b> »</i></TD></TR><TR><TD CLASS="quote">Just for reference, I paid $32 (before tax) on a $44.2 MSRP car less than a year ago. Volvo is selling for peanuts, comparatively speaking.</TD></TR></TABLE><p>As many of us have said, the R is 9/10 the car at 8/10 (or less) the price. For some of us, the service is 7/10 unfortunately.
 

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Re: (R_Rated)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>R_Rated</b> »</i></TD></TR><TR><TD CLASS="quote">wow! I thought I got a good deal... Those are some crazy deals. 10K lease cash? that sounda too good to be true.</TD></TR></TABLE><p>It's a push. You get $10.5K to lease with an external source that will charge a higher MF an doffer e alower residual. Or, you lease with Volvo and get a better MF and a higher residual. It actually nets out about the same but does help the person considering buying out the lease if the residual is lower.<p>The buy incentives are about 1/2 of this based on Edmunds.
 
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