I got a lease offer from a California Volvo dealer offering 10k off sticker price so S60 leases. The received the attached quote for an S60 T5 and have some questions. This is my first lease so please be gentle…
What is the ‘monthly rent’ on this quote? I’ve read through all the leasing 101 docs and reviewed a number of offers in this section and never seen a rent cost.
Rate, they have it listed as .77, that can’t be the money factor? Maybe the ‘rent’ is the interest, but what’s this Rate and what is the MF or APR?
Finally, same quesetion that everyone asks, is this a good deal? Should I lease it?
Thanks in advance for your help