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Currently I lease my R. I have 11 payments yet to go to the tune of about 535 a month. Mileage isn't an issue or anything as I have about 3500 to spare at this point. Basically, I am wondering what you guys thought on the subject. I know you all pretty much know the market up and down. Currently the car is about to turn 26k miles. Pretty much got it all in 04 except nav and sport and it's a 6 speed. So the buyback today is right at 26,500 and it's about 20,500 in 11 months. Volvo is non-negotiable in both cases. So what do you guys think? Keep her by buying at the end, keep her by buyingit now, or give them back the keys in 11 months and just enjoy it while I have the chance? Thanks in advance.<BR><BR>
<i>Modified by fasts60r at 6:01 PM 7-11-2006</i>
 

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Re: Buy out now, wait till the end, or just walk away. (fasts60r)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>fasts60r</b> »</i></TD></TR><TR><TD CLASS="quote">So the buyback today is right at 26,500 and it's about 20,500 in 11 months. Volvo is non-negotiable in both cases. So what do you guys think? Keep her by buying at the end, keep her by buying it now, or give them back the keys in 11 months and just enjoy it while I have the chance? Thanks in advance.</TD></TR></TABLE><p>IMO, make the next 11 payments and revisit it at that time.....and use up the extra miles in case you turn it in.
 

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Re: Buy out now, wait till the end, or just walk away. (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">IMO, make the next 11 payments and revisit it at that time.....and use up the extra miles in case you turn it in.</TD></TR></TABLE><p>Totally agree. Things can change in about a year, that we can't forsee today. I would need to look at the market for a month to get a feel for the value trends, but either price you mentioned with the mileage seems fair to me. But maybe in 11 months, gas is $4 a galllon and you suddenly want something else. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/rolleyes.gif" BORDER="0"> <br>Jim
 

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Re: Buy out now, wait till the end, or just walk away. (fasts60r)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>fasts60r</b> »</i></TD></TR><TR><TD CLASS="quote"> Volvo is non-negotiable in both cases. </TD></TR></TABLE><p>Things are always negotiable. Especially the buyout price at the end (forget the formal term). If Volvo doesn't want to negotiate, drop off the car. They would lose more money on the auction block rather than giving you a few $Ks off the car.
 

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Re: Buy out now, wait till the end, or just walk away. (fasts60r)

Wait it out. Unless you are completely in love with the car I wouldn't buy it at this juncture. See what problems may come up over the next year. I am currently in the same boat and am faced with the same decision. I too am going to wait as I have heard that the particular bank my car is leased through tends to re-negotiate buy-outs at the end of lease term. your buy-out price at the end of term is not bad though. Mine is somewhere around $23K, but my lease rate is lower so i guess it evens out. In any case enjoy it now and make up those extra miles!!! <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/biggrin.gif" BORDER="0">
 

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Re: Buy out now, wait till the end, or just walk away. (fasts60r)

The buyout thru Volvo should/is negotiable. You may not be able to strike a deal with Volvo (but certainly try as best you can and get some advice from a friendly Volvo dealership sales guy who knows what ropes to pull). If this doesn't work then go directly thru a good Volvo dealership as they know how to negotiate with Volvo and can get the buyout price down. This technique however may mean or force you into buying another Volvo car.<p>The $535/month doesn't sound to bad. What did you put down at beginning of lease ?<p>Also, remember that if you buy now you will be on the hook to pay the remainder of all the Sales tax. If you trade in to a Volvo dealership who can get the buyout price down they get a deal and you don't have to pay the Sales tax on the remainder of payments nor the Sales tax on the buyout price. Have you figured this into your equation?<p>If you like the car and the pmts are manageable then keep the lease and buy/sell privately at end or trade to another car to avoid the Sales tax burden.<p>How old will the car be in eleven months? That is, will car still be under its new car warranty of 4yrs/50,000 miles.<p>Do you have a family member that's interested in buying your R ?
 

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Re: Buy out now, wait till the end, or just walk away. (barrysharp)

Volvo finance does <B>NOT negotiate buyouts</B> as some banks do.<br><B>You cannot trade to another dealer to aviod any sales tax.</B><br>Volvo dealers ALSO cannot "negotiate" the buyout price.<br>THey have a list. They can either pay what VF wants or send it back to them.<br>V Finance loves to cut their own noses off to spite themselves<br><B>Volvo finance sucks</B>
 

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Re: Buy out now, wait till the end, or just walk away. (JRL)

JRL's point may be what can help you make your decision. My lease is NOT through Volvo finance but rather a bank, which I have already spoken to my dealer about and they have confirmed that the bank used does re-negotiate the buy out price on certain vehicles. The bank has also re-afirmed this. If your lease is through VF then maybe it isn't worth it at this point to buy it. Again my vote is to wait it out.
 

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i'm also in teh same boat; except my payments are almsot $100 more than yours at about $630 and i still have about 17 months left. [jan '08] <p>Mine is an '04 with nearly 45k miles and i get 15k/yr so i'm cutting it real close iwth the mileage. It mayh ave to get garaged for the last few months at the end <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/redface.gif" BORDER="0">. I think the residual for us is quoted at 20k+ at the end (which seems like a lot, sicne yours, with less mileage, will barely be worth 20k in only 11 months), If the buyout is non-negotiable then i'm definitely dropping the car off and getting myself a used M3/M5 at that point. Love the car, though, but if VF is going to be difficult like that, then screw it.<p>
 

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Re: Buy out now, wait till the end, or just walk away. (JRL)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>JRL</b> »</i></TD></TR><TR><TD CLASS="quote">Volvo finance does <B>NOT negotiate buyouts</B> as some banks do.</TD></TR></TABLE><p>Although there was some back and forth discussions 3 months prior to the lease-end of our 1998 S70, we <b>were able to</b> negotiate the buyout from the 17K per the contract down to 13K. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/embeer.gif" BORDER="0"> The lease was through Volvo Finance N.A.<p>This was back in 2001, so things might have changed since.
 

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Re: Buy out now, wait till the end, or just walk away. (fasts60r)

Turn her loose and get something else. Last summer I only got $25K(after hammering on the salesman) for my R during trade in time. It won't be worth the money.
 

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Re: Buy out now, wait till the end, or just walk away. (erikj7)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>erikj7</b> »</i></TD></TR><TR><TD CLASS="quote">Last summer I only got $25K(after hammering on the salesman) for my R during trade in time.</TD></TR></TABLE><p>I was offered a higher amount than that on a straight wholesale recently. It all depends on the R and the dealer/location.
 

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Re: Buy out now, wait till the end, or just walk away. (Vipergtsz3)

I'm not really sure why you would want to buy it now. If someone hits the car and the car is not deemed totaled, you can let it go in 11 months. If you buy it now and something happens to it then you will take the hit if you decide you are not happy with the car anymore.<p>The only way I would payoff the lease early, is if you knew for sure that you wanted to get rid of it and you could sell it and make a profit.
 

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Re: Buy out now, wait till the end, or just walk away. (fasts60r)

Wait till the end, hands down. It gives you more choices and bargaining power, and it keeps you from making a poor financial decision now.<p>Let's say the resale value on the R continues to plummit like it currently is. At the end of your lease, your car could be worth 5 to 6K less than what the payoff is . . . so why would you buy it at that price at that point in time? The reality is that no one knows what the market on this car will be like 11 months from now. Waiting is by far the safest decision you can make.<p>On a side note . . . let's say, for argument's sake, that your car is worth 5 grand less than the buyout at the end of the lease. If you turn it in, the car is VFNA's problem . . . and they're 5 grand upside down in the car. Wouldn't it make sense for them to lose, say, two or three grand to sell you the car, as opposed to losing 5 grand by being "non-negotiable?"<p>Food for thought.
 

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I had a 2001 XC70 (Wife's) and Volvo Finance would NOT BUDGE on the buyout ($26,xxx) which is/was absurd. Even the dealers I called could not believe how high the buyout was. My R is currently through VF as well and I don't expect them to budge either when the time comes...
 

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Re: Buy out now, wait till the end, or just walk away. (George @ ViVA)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>George @ ViVA</b> »</i></TD></TR><TR><TD CLASS="quote"><p><br>This was back in 2001, so things might have changed since.</TD></TR></TABLE><br>Now controlled by FORD
 

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Re: Buy out now, wait till the end, or just walk away. (R Salesman)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>R Salesman</b> »</i></TD></TR><TR><TD CLASS="quote"><p> If you turn it in, the car is VFNA's problem . . . and they're 5 grand upside down in the car. Wouldn't it make sense for them to lose, say, two or three grand to sell you the car, as opposed to losing 5 grand by being "non-negotiable?"<p>.</TD></TR></TABLE><br>It makes total sense but lately they're not doing it.<br>I wanted to buy a (01) T5 last summer/ fall coming off a 4yr lease. I was given the buyout price (right on Volvos sheet) if I wanted it, the returning dealer did not want it but had right of first refusal.<br>I asked if they could/would make an offer (for the correct wholesale price at the time) and was told they didn't want to waste their (and my) time as there was no negotiation.<br>I saw that actual car go through the auction and it brought fairly close to what I offered, (within $300 and sold)!<br>Had they taken or considered the offer they would not have had clean up, transportation and auction costs to deal with and would have been ahead by several hundred dollars <IMG NAME="icon" SRC="http://www.vwvortex.com/zeroforum_graphics/screwy.gif" BORDER="0"> instead of loosing that money
 

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Re: Buy out now, wait till the end, or just walk away. (JRL)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>JRL</b> »</i></TD></TR><TR><TD CLASS="quote"><br>Now controlled by FORD</TD></TR></TABLE><p>And has been since 1999 <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/wink.gif" BORDER="0">
 

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Re: Buy out now, wait till the end, or just walk away. (JRL)

JRL:<p>I'm sure you know what you're talking about and it may be the current practice. However, I went thru this in 2000 with a leased Volvo S80 T6 and what I posted is what was done. The Volvo dealership was able to obtain the S80 T6 with some 4 months of the lease remaining for much less than my buyout. They also ate the 4 months of my lease payments and I had no sales tax burden. I did trade in for another Volvo BTW to obtain this deal.<p>I have no idea what the Volvo dealership did or had to do to get my S80 T6 for less than the buyout price.
 
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