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Discussion Starter · #1 ·
I have been seriously considering this leasing a new R since they just extended the $10K rebate through the end of June. Lease a new 2006 s60R and get $10K off of the capitalized price from Volvo Finance. Without any hard negotiating I walked away with a 3rd quote of $564 month(all inclusive) with 15K mileage allowance per year. I think there's still more room for negotiating. Any thoughts from R owners/leasers appreciated. <p>Regards<br>Hopeful S60R owner<br>
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

I thought that the $10K rebate was to lease with someone other than VF. Therefore, lower residual and higher money factor offset by reduced cap cost. With VF, higher cap cost and residual but lower money factor. Probably a wash. The benefit is the lease cash allows you to buy it out for a lower price from the third party versus VF.
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

Hmm.... maybe this is why I was able to haggle $10k off list but then again I didn't lease. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/confused.gif" BORDER="0">
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (MightyQ)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>MightyQ</b> »</i></TD></TR><TR><TD CLASS="quote">Hmm.... maybe this is why I was able to haggle $10k off list but then again I didn't lease. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/confused.gif" BORDER="0"> </TD></TR></TABLE><p>I think there is/was a $4500 rebate, perhaps some loyalty cash, and a dealer willing to move the unit off his floorplan for little to no margin.
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (MagoonR)

I didn't get any loyalty thing since this was my first Volvo, but who knows <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/biggrin.gif" BORDER="0"> either way I'm very happy with my R <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/embeer.gif" BORDER="0">
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

Pretty darn nice when that kind of insentive comes along <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/cool.gif" BORDER="0"> <br> I missed it on my XC90 and on my R <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/frown.gif" BORDER="0"> but it's always a matter of timing.<p>LTA<br>
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (MagoonR)

Friend's brother got $8K off S60R over Memorial Day Weekend.
 

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Discussion Starter · #8 ·
Re: Anybody take advantage of VFNA $10K rebate on the S60R? (Kirb)

Here's what I found over at Edmunds <p><A HREF="http://townhall-talk.edmunds.com/WebX/.ef9ddd0/103!make=Volvo&model=S60%20R&ed_makeindex=.ef9ddd0" TARGET="_blank">http://townhall-talk.edmunds.c...9ddd0</A><p> plus currently talking to 2 local Volvo Dealers owned by the same people. End Goal is to get the car for <$499 mo. with the $10500 as a cap reduction plus minusing off $2500 more getting it close to $10500 below dealer invoice. <p>
 

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Discussion Starter · #9 ·
Re: Anybody take advantage of VFNA $10K rebate on the S60R? (MightyQ)

<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">I thought that the $10K rebate was to lease with someone other than VF. Therefore, lower residual and higher money factor offset by reduced cap cost. With VF, higher cap cost and residual but lower money factor. Probably a wash. The benefit is the lease cash allows you to buy it out for a lower price from the third party versus VF.</TD></TR></TABLE> Thanks MagoonR<p><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>MightyQ</b> »</i></TD></TR><TR><TD CLASS="quote">Hmm.... maybe this is why I was able to haggle $10k off list but then again I didn't lease. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/confused.gif" BORDER="0"> </TD></TR></TABLE><p>Did you lease yours or purchase? Was it through VFNA or 3 party finance company?
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>s40R</b> »</i></TD></TR><TR><TD CLASS="quote">Here's what I found over at Edmunds <p><A HREF="http://townhall-talk.edmunds.com/WebX/.ef9ddd0/103!make=Volvo&model=S60%20R&ed_makeindex=.ef9ddd0" TARGET="_blank">http://townhall-talk.edmunds.c...9ddd0</A><p> plus currently talking to 2 local Volvo Dealers owned by the same people. End Goal is to get the car for <$499 mo. with the $10500 as a cap reduction plus minusing off $2500 more getting it close to $10500 below dealer invoice. <p></TD></TR></TABLE><p>$10.5K below dealer invoice? Come on, are you kidding me? I'm going to own my '05 forever for fear of having to sell it for pennies on the dollar! <p>Let's see some more specifics. In other words, the lease term (how many months), the money factor, the total down, the purchase price, and the buy out price at the end of the lease. Very few people know how to actually calculate what a lease cost is equivalent to a finance. Leases are designed for business cars and for people that want to be able to afford a car they can't really afford if they actually bought the thing cash or financed a purchase (they get enticed by the lower payments.)<p>What's the best price if I pay cash?<p><br>
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

<br>Here's a previous thread concerning a swedespeed member's recent R purchase with some lease deal info.<p><A HREF="http://forums.swedespeed.com/zerothread?id=59369&page=1" TARGET="_blank">http://forums.swedespeed.com/z...age=1</A>
 

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Discussion Starter · #12 ·
Re: Anybody take advantage of VFNA $10K rebate on the S60R? (RnTX)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>RnTX</b> »</i></TD></TR><TR><TD CLASS="quote"><br>Here's a previous thread concerning a swedespeed member's recent R purchase with some lease deal info.<p><A HREF="http://forums.swedespeed.com/zerothread?id=59369&page=1" TARGET="_blank">http://forums.swedespeed.com/z...age=1</A></TD></TR></TABLE><p>Thanks RnTX that's what I was looking for! <p><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>jazee</b> »</i></TD></TR><TR><TD CLASS="quote"><p>$10.5K below dealer invoice? Come on, are you kidding me? I'm going to own my '05 forever for fear of having to sell it for pennies on the dollar! <p>Let's see some more specifics. In other words, the lease term (how many months), the money factor, the total down, the purchase price, and the buy out price at the end of the lease. Very few people know how to actually calculate what a lease cost is equivalent to a finance. Leases are designed for business cars and for people that want to be able to afford a car they can't really afford if they actually bought the thing cash or financed a purchase (they get enticed by the lower payments.)<p>What's the best price if I pay cash?<p><br></TD></TR></TABLE><p>Is the glass half full? Or half empty?<p>Swede cars as much as I love them, have horrible resale values with rapid depreciation. I think the XC 90 is the only Volvo doing exceptionally well on resale value. So looking at resale values I can understand if you did buy an S60R in the ball park of MSRP or even invoice($42K), you want to get your full monies worth out of it before you retire it. I got into leasing for the tax benefits for my business back in the mid 90's and turning cars every 2-3 years. After leasing the last 6 vehicles I found it works out much better for me. I could have my company buy the car but tying up all of your money for something you won't keep forever and makes you no money, makes very little sense. Since my son just finished private school, so I could afford pay cash too, but why would anybody in their right mind invest $40K into something that depreciates every month? Versus getting a 12% annualized return on your money? Veteran Volvo owners here can tell you that that the swede cars after 6 years are still good cars but the resale value is pretty low compared to alot of other makes. Another advantage is you can decide whether or not you want it at the end. We have turned in over half of the cars leased, one was in bad accident, another spent too much time in the shop, another was just unlikeable. <p>If the deal structured properly to the buyer/leasors advantage you only pay depreciation + interest + tax. This works very well on Dealer/Factory subsidized leases where they have overresidualized resale values since the there is less depreciation to pay off between cap cost and residual, a an aggressive money factor.<p>Cash in this case is even worse than the lease deal! The lease customer will be $10.5K ahead of the cash buyer pricing wise for this offer initially. Besides some people can write the lease off for legitimate business use, so again, I'm better off. Over inflated residuals again work to your advantage because you can again negotiate with an independant finance company if you want to buy the car at the lease end since they usually don't want to own the car at lease end(they get stuck with it for 2 months and then it goes to wholesale auto auction where seasoned used car managers buy it at an even shrewder price than current trade in value). We've done this on several cars/trucks and made out like a bandits. Our last lease we bought out we paid $5800 below the residual because the finance company didn't want to get stuck owning the car for 2 months only to get killed at a wholesale auction. The previous vehicle we bought off lease before that one for $7300 below the lease end residual and turned around and sold it for more than the negotiated lease payoff. You do need to do some research to see what the car is wholesaling for at the end of the lease about 60-90 days ahead of time, so you know where your at and what to offer. If you have any connections in the car business you can see what car is wholesaling for at the dealer auction and use that as your starting point to offer. Leasing is not for everybody either, my grandfather, whom lived from 1904-2000, used to cringe when I'd tell him about leasing deals. Funny thing he'd revel hearing the dirt when I'd tell him about negotiating with finance company getting a second deal in the end game. <p><br>Regards<br> <p><br><i>Modified by s40R at 7:13 AM 6-17-2006</i><BR><BR>
<i>Modified by s40R at 7:27 AM 6-17-2006</i>
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>s40R</b> »</i></TD></TR><TR><TD CLASS="quote"><p>TI think the XC 90 is the only Volvo doing exceptionally well on resale value. </TD></TR></TABLE><p>And the XC70...<p>Yannis
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (MightyQ)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>MightyQ</b> »</i></TD></TR><TR><TD CLASS="quote">I didn't get any loyalty thing since this was my first Volvo, but who knows <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/biggrin.gif" BORDER="0"> either way I'm very happy with my R <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/embeer.gif" BORDER="0"> </TD></TR></TABLE><p>No loyalty money toward the purchase of an R. Unless you are, currently, holding a loan from VCF and decided to go back to either a lease or retail loan from VCF; in that case, you would get either $500 or Free Scheduled Maintenance.<p>Yannis
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (GrecianVolvo)

<B><br>"...they get stuck with it for 2 months and then it goes to wholesale auto auction where seasoned used car managers buy it at an even shrewder price than current trade in value). We've done this on several cars/trucks and made out like a bandits."...</B><br>Not true ( they almost all go to auction as unless the trade in dealer pays VF's residual, (rare), off they go to the sale.<br>There were a bunch of Volvo dealers at a Manheim Volvo Finance sale this prior May, (about a month ago)<br>They refused to pay what VF wanted so many of the cars (far more than average) just went unsold that week.
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>s40R</b> »</i></TD></TR><TR><TD CLASS="quote"><p>If the deal structured properly ... Funny thing he'd revel hearing the dirt when I'd tell him about negotiating with finance company getting a second deal in the end game. <br></TD></TR></TABLE><p>Well written explanation of the potential benefits of leasing. People seem to have a knee-jerk reaction to leasing. Some positive some negative. Really it comes down to the particular lease deal. The R is my 4th lease. On the first I broke even, and on the second I saved about $5k in depreciation costs I would have payed had I bought the car. I still have cars 3 and 4, but I expect we'll do well with these as well.
 

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Discussion Starter · #17 ·
Re: Anybody take advantage of VFNA $10K rebate on the S60R? (DocG)

Thanks Doc G & All,<p>I couldn't resist another Swede, I did this morning. I LOVE THIS CAR. Cap price on the Lease was $32K and change with Sticker at 45K and change. Payments $465 Mo. $465 first mo+security deposit, license and taxes at drive off. I am fat dumb & happy all at once. I can convert the lease to a purchase early by paying 2 extra lease payments penaltly anytime I want during the lease. I love this [email protected] deal!!!! I will quit babling just to let you all know this is an AMAZING DEAL on an AMAZING VOLVO.<p>Regards
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (s40R)

Sounds like you get a heck of a deal. Here's the details on my recent S60R lease. Let's see some pics of your new R!<p>Financed through Huntington Bank.<p> MSRP: $43,625.00<br> Cap Cost: $31,649.00<br> Adj. Cap Cost: $31,649<br> Mileage: 15,000/Yr.<br> Residual Value: 18,758.75<br> Money Factor: .00198<br> Term: 36 months<br> Sec Dep.: $0<br> Acq. Fee: $595.00<br> 1st Pmt.: $484.00<br> Doc. Fee: $100.00<br> Lic., Reg.: $65.50 <br> Process Fee: $50.00 (this was refunded to me by the dealer)<p>These figures were not including the neg equity I had in my T5 that I traded but rather this is what the deal would have been straight up.
 

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Re: Anybody take advantage of VFNA $10K rebate on the S60R? (soledoc)

Geez. I'm having buyer's remorse and I got a great deal via Overseas Delivery. But $10K rebate? 4.75% interest rate? (equivalent to .00198 money factor.) That's a SMOKIN deal. Problem is I feel a little betrayed by Volvo as they just sent the resale value on my '05 down the drain. Looks like I'm going to have to keep this car forever! Bastards. It would be cool if they would do a straight across trade with the $10K rebate for a new 2007 R (Are they making a 2007 or is 2006 it?) Heck, I guess all I would need to do is find a buyer unaware of the rebate (probably fat chance) and get $32 for loaded '05 and go buy a brand new one! <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/smile.gif" BORDER="0"> Is the deal limited to inventory on hand or can you order whatever you want?<p>
 

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Discussion Starter · #20 ·
Re: Anybody take advantage of VFNA $10K rebate on the S60R? (soledoc)

soledoc, I'll have break away and shoot some pics and post em here, sounds like you made out like a bandit as well too! Mine was through US Bank.<p>jazee, we were going to do the overseas at the end of summer, I just found out about this and it was too good to pass up. I have heard rumors that Volvo may actually stick the Yamaha V-8 into a future S60R model since that's what Audi's done and others are doing with the Sport Luxury class.<p>Regards<br>
 
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