The threat of tariffs has gotten me spooked, so I’ve started looking for a new car before prices skyrocket. I’ve been interested in EVs, but I want to “try out” an EV with the backup of gas, don’t want to lock myself into buying, plus battery tech is evolving. So I thought of a PHEV, and want a sedan, so the S60 is basically the best option. I know they’re discontinued, so inventory is scarce. But let me know if this offer is reasonable or if I’m stupid:
2025 S60 T8 Plus, climate package, protection package, etc.
36 Month/ 7500 mi lease
.00211 MF
MSRP: $59,065
No discount
$9000 rebate ($7500 Volvo EV lease + $1000 Volvo 75th anniversary + $500 employer affinity)
54% RV
Only first months payment, taxes/fees included in monthly payment, etc.
You should be aiming for a sizable discount on a car that is discontinued. Inventory will be on the lower side but one of brokers who had it before was showing nearly 11% discount and that’s before the incentives. Still would have put you at $700/month I think.
Unless there is a reason you love the S60, I would look to other cars at that payment point. Check out the XC60 if you really want a Volvo PHEV.
Yes, I was thinking that they should discount me too, at least 10%, so maybe I’ll have to go back to them with that. I think the discount you’re referencing was for a 24 MY, so that discount would be much more understandable.
I’d prefer the S60, as I’m not big on SUVs. Which puts me in a bad position in negotiations. Might just have to bite the bullet.
There are very few left out there. Customers who want a PHEV Volvo sedan will pay if they’re set on this particular car. No reason for a dealer to discount in my eyes.
OP is set on the S60 and knows he’s got a bad hand but he should still try for a discount. Surprisingly, one of the dealers with S60 T8s showing is popular and works with the LH crowd.
The premise doesn’t hold up to scrutiny on both counts.
Pricing has come down in the last one month, not gone up. Apart from the impossibility of predicting which tariff threat gets imposed and which doesn’t: Supply seems to have exceeded demand for the first time since covid. Consumers don’t seem to have any bandwidth to pay higher prices.
EV battery tech hasn’t meaningfully changed in the last few years and based on slashed R&D budgets it won’t change any time soon.
TLDR if you feel you must get a car get a hacked lease. Don’t do something as stupid as this S60 quote.
And that’s why I’m asking the knowledgeable people here to make sure I"m not doing something completely stupid. And thankfully their advice has made me think twice. So I thank them for that.
