I am in Georgia and working with a Volvo dealer on a lease.
$66,230 - Sales Price
$53,230 - Adjusted Price
$599 - Dealer add on
$599 - Dealer add on
$54,428 - Total Purchase
$899 - Dealer Doc Fee
$299 - ETR Fee
$21 - License Fee
$18 - Title Fee
$995 - Acquisition Fee
$634.35 - GATAVT
$3 - GA Lemon Law
$57,297.35 - Balance
Residual - $46,361 or 70%
24 month lease - 10,000 miles per year
dealer states Tier 1 Money Factor is 0.00199
Final is $3,000 down plus 1st month of $599 then $599 per month
Is this a good deal? My attempt at the leasecalculator is below.
I cannot get the lease calculator to give the same #'s. They also stated the money factor is 0.001999 and I should qualify for tier 1 with high credit score. This seems high. Will anyone help me justify this deal?
You should at least properly tag your location and post you calculator. Then you can go to Edmunds to verify MF. The residual is the easiest part since dealer cannot change it and it’s available in Volvo’s lease offers.
Thanks. Updated location. Georgia. I don’t have all the figures for the calculator so it would be way off. Would you be so kind to help? I can message you Thank you!
Rate Findr has that information, as they have direct access to it from the captive banks. It’s a tool on the Leasehackr Calculator, available to Super Supporters.
This is close enough. Not sure about the tax. MF is bumped, should be .00176. Do you have loyalty or affinity/a-plan/Costco? I also assumed that it is “Plus”.
Thank you! Yes, it is a PLUS. I edited and updated my post. I qualify for A plan with my company, plus Costco, and my wife is a teacher, however I don’t think they applied any or did not request a pin # or proof.
They rolled it in the selling price. a-plan and teacher don’t stack, so it’s $500 for either one plus $1,000 Costco. Get them to use buy rate .00176 and use 10 MSDs
Updated calculator:
Hey @JBD, not sure if you looked at the Recharges, but there are good incentives on that this month. From what you said, you might be able to get $12,500 of incentives after you negotiate off of the MSRP. So, if you could get 10% off MSRP of $76,815, you may be looking at a payment of roughly $605 for the recharge.
Thank you! Thank you! Thank you! With over an 800 credit score, I could not get the dealership to lower the MF from .00199 to .00176. Correct on the bonus money. They gave me the Costco $1,000 and A-Plan $500. Since it was a 24 month lease and they would not budge on the MF, I decided to not do MSDs (probably will regret this). Anyways, I am satisfied…not ecstatic and much better lease deals that several other dealers around. I will post the closed and signed later today. Thank you Ursus!
