I’m not clear that a lease has been signed here. You imply that one has, yet the numbers you present don’t jive with a Volvo lease contract. Yeah, I don’t know you. All I know about you is the posts in this thread and some other ones in another thread about how hard it is to get a deal from south Florida dealers. From your posts here, I think you’re an arrogant, condescending, know-it-all prick. “To wit”:
"I couldn’t care less what the disclosure states."
"You need to get a life or find something to do. When it comes to leasing, especially the mathmatics part, you’re not even in my league, sport. Get off my back."
"Ah, no. I didn’t go to the same college that you did that offers remediation, key boarding, and under water basket weaving."
"So, when uranus said…"
"I’m not arrogant. Just trying my best to be helpful."
Me accusing you of lying is your words, not mine. If a genius such as yourself finds showing the structure of a lease from the lease itself some sort of invasion of privacy, then that’s your issue. I’m not asking to see any of the lessee’s personal information. I’m just not into taking your word for things any more than you’re not interested in what disclosures say.
I assume you’re including me as one of your attackers or ridiculers. That’s fine- you deserve some of it. I suppose you think I don’t know what I’m talking about, either. I’ve worked as a sales manager with Volvo for 10 years. It is actually you who doesn’t know what he’s talking about, or worse yet, thinks he knows what he’s talking about, which is worse. “To wit”:
"I constructed the deal, not the dealer. Note that the first payment is capped in the lease. Lots of dealer programs don’t do this correctly." Volvo leases are not designed to capitalize the first payement, and I’m not aware of any that are. Question- if you have (in your case) a $1,000 rebate, why put it back in as a cap cost reduction? As you know, it triggers $60 tax in the drive-off. You’re showing a drive-off of $600 which doesn’t include the ‘capped first payment.’ Why not let the $1,000 rebate cover the entire drive-off, with any leftover to go as a cap reduction. The Volvo lease computer can handle that with ease.
And guess what, sport? You don’t have to develop a quadratic equation to figure out what the first payment is once capped. If the drive-off is $600 not including a payment of say, $300, it would normally be a $900 drive-off. If you want to cap the payment, add say $305 to the selling price so the dealer can make your payment for you. If the drive-off increases to $904, then reduce the selling price $1 and see when you get close enough to a match. NASA equations aren’t needed when you’re talking about pennies.
Good luck negotiating a lower doc fee, sport.
Assuming the lease loyalty is $500 and not $1,000, my suggestion is let the dealer give your friend $1,000. The more you ask, the more likely they’ll discover the mistake (assuming there is one), and it’s not likely that they’re going to go “Okay, yes, the lease loyalty rebate is in fact $500. We’ll just give you another $500 of discount along with a $600 reduction in our doc fee.” Not a problem, especially with south Florida dealers, right?
And, yes, published Volvo to dealer incentives (operating support) total $6,250. Sorry, sport. Published dealer incentives are different from operating support and are in addition to it.
"Two sales managers told me the lease loyalty is $1,000. Furthermore, the contract says so which passed Volvo’s validation test." Either the two sales managers are wrong about the rebate or it is enhanced to $1,000 for south Florida dealers. Two sales managers thinking something doesn’t make it correct. And by the way, sport, the lease validation test doesn’t validate rebates. It validates residual percentages and money factors (including if MSDs are used) against the VIN.
Looking forward to some of this going to the landfill department. Been there yet, sport?