Got another quote from another dealer. Here is effectively the same car from another dealer: 2023 Volvo S60 Recharge Ultimate
Is this a good lease deal?
I am getting $7,500 off of the MSRP price of the car on a lease. But if I end up buying the car, leasing, even with the $7,500 off the lease ends up costing me far more than financing the car at MSRP to begin with. Therefore, unlocking $7,500 discount through a lease will not be a cheaper alternative, right?
That is a crazy MF and the craziest doc fee Iāve ever seen. Are you sure that is correct? As a Volvo owner, I would never, ever, ever pay that for an S60. Aside from anything else, you can finance it for a whole lot less rather than being locked into a car where the lease is non-transferable and you canāt even sell it to a Volvo dealership unless youāre getting another Volvo.
This is also a worse deal than the original one - higher MF and literally no discount.
What do you think of this deal. It is at MSRP minus a $7500 lease discount and $1000 partner discount, totaling a reduction of $8500 for the lease. Let me know what you think.
Go for it, OK deal, or terrible deal?
If a terrible deal, do you think that Volvo will make this deal more attractive later in the year?
What has been the typical residual value percentages of Volvos in leases?
It all depends on your driving/charging, but the answer is ānot enough to break even on the price-bump, in any reasonable termā. You get it for the
Says the guy who called @Benedetto today trying to order a V60 T8 , because he still canāt find anything he likes nearly as much.
Thanks everybody for your insights, input and advice. I really like the car and was hoping it would get a pass. But I was too optimistic. This deal eats up way too much of the $8500 in discounts. I will reach out to Benaetto. And maybe look at the MB too. Thanks again for your time and input.
Iāve seen you trying for 15 days. Why do you want this car in specific over the mild hybrid? Iām assuming youāre commute is less than 41 miles a day?
We have solar panels and like the electric lifestyle. Would go with 100% electric but like the flexibility of range with PHEVs with no range anxiety. Current have an i3 and love it. This next car will definitnately be an electric/PHEV. On my list are '22/'23 Model Y Performance or Model 3 Performance, '24 Prius Prime, XC60 Recharge. Why this S60, because my wife has always wanted a Volvo, I want performance, we both want electric. She hates the look and feel of Tesla and wants something more upscale than Prius Prime. If anything, I might just wait until I find a used one with this specific carās spec. I was hoping that the $8500 discount on the lease was going to make up the gap with finding a used one without having to wait and getting a new car. We have always purchased used and kept our cars for over 7 years, so owning a used is our preference. The lease deal seemed theoretically a way to get a car for about the cost of a used car.